Incomes of careers (3 Viewers)

[Meads]

yeh it is also one of the thouuussaannnd career options floating around my head at the moment...lol...friggen options....shit me up the wall...

 

[Supra]

if u can get into combined law do it...had a look at ur subjects, pretty good...I sort of regret doin actuarial, if i cud start all ova, i wuda done Commerce at NSW or Syd and trasferred into their combined law...but actuarial can take me to diff places...ur career choice shud b dependent on ur abilities + what u enjoy

 

[011]

You think comm/law is better than actuarial in terms of money opportunities?
In what way?

 

[Meads]

i dont think supra was really saying that the potential for money was better in either course...but rather more a lifestyle decision...i would like to do combined law/commerce, at least it will leave the door open for choice when ive done my degree...but as ive said before, i would like to be a corporate law barrister...

 

[Supra]

You must spread some Reputation around before giving it to Meads again.
What meads said...com/law gives u more choice, u can move into Ib or become a corporate lawyer etc. actuarial could perhaps take u into quant, traditional actuarial work, and perhaps even IB provided u do postrgrad...as i said b4 u choice shud b dependent on what ur good at, what u think ull enjoy...dont do a degree simply for its name, or the potential salary, u can make money by having ne kind of degree, be it mktg,actuarial,accg,math/stat, law

its hard to differentiate b.w com/law and actuarial in terms of money oppurtunites, ull make heaps by doing either degree.

 

[#4]

LOL yeh Macq. Bank is awesome...my aim is to get a job there as an investment analyst and then work my way up

Just like the other 4 thousand applicants they had for their graduate program this year Krish.

I just wanna make a couple of points. Now i dont know alot but i do know some things and these things have come out of the mouth of the HR manager at Maq Bank (i sat next to her at the Down to Business Luncheon (its an FMAA thing)).

What degree you do isnt overly important, as long as you are extremely competant when it comes to maths, and i mean extremely. In terms of IB i dont see why everything thinks law is so fricken important. I told her that i was doing eng/com and she said they take heaps of eng/com grads. My thinking is that the eng side of us is analytical, mathematical and problem solving based while the com gives us a grounding is trading, mergers, acquisitions etc.

In terms of majors in the commerce degree, i asked her about commercial law as i was thinking about it. And she basically just said finance and accounting hands down if you want to get into this industry. Soi that made my decision pretty easy.


HOWEVER!!!!!!!!!!!! The key point of my post is this. THEY ARE NOT JUST LOOKING FOR HD PEOPLE. I asked her what she actually looks for in the applications, what jumps out at her. Basically it what does this person do anything else in their life besides study. DO THEY WORK???? (shows you can balance you life and acquired people skills, depending on the job). DO THEY PLAY SPORT????? (once again balance and team work) . DO THEY HAVE ANY OTHER EXTRA CURRICULAR STUFF??

In short, if you have a credit average or above and actually live and do things in your life besides attend university and get HD's then you have a shot. I spose they also wanna find people that will fit into the culture of friday night drinks and all that other social stuff.

 

[#4]

Oh and i'm glad we cleared up the dilemma about the high paid marketing jobs.

 

[011]

If you were to go into IB i dont see how acct major would help.

 

[Korn]

If you were to go into IB i dont see how acct major would help.

Dont you, I would think it would be more useful then law.
Accounting requires financial anaylsis of annual reports, etc

 

[011]

But wouldnt you want something more quantitative in place of it?

 

[Korn]

But wouldnt you want something more quantitative in place of it?

More quantitative, what like Economics, Quantitative analysis, Finance, Actuarial, etc?

You do realise you can have a diverse composition of an Accounting major

 

[011]

How do you mean about diverse comp. of an acct major (i go to usyd)?

 

[#4]

Alot of commerce/business degrees allow you to do two majors and even in my combined degree i think i get to choose two majors or maybe one major or one minor.

Obviously if u wanna get into the finance industry you would choose finance as your first. If you get to choose another THEN you choose accounting. What other major in the commerce degree if gonna be more beneficial than accounting. Maybe economics but i doubt it. I'd rather chew on glass than do econometrics. The rest of the options arent exactly quantitative so that leaves accounting. Also accounting comes in very handy if you are lucky enough to get into management roles in companies and some CFO jobs i have seen advertised require a CA or CPA qualification.

Acounting is more important than u may think. NOt as much as finance though, in terms of IB

 

[011]

I'd rather chew on glass than do econometrics.

Lol. And what if someone was willing to do it, wouldnt it give you a better ground then acct, for finance specifically?
I realise that the amount of people who are willing to do it are almost 0 (=P) but theoretically.

 

[Supra]

Just like the other 4 thousand applicants they had for their graduate program this year Krish.

is that u J??? i know man but still i aint gonna giv up i know what i want and ima do evrything to get it

What degree you do isnt overly important, as long as you are extremely competant when it comes to maths, and i mean extremely. In terms of IB i dont see why everything thinks law is so fricken important. I told her that i was doing eng/com and she said they take heaps of eng/com grads. My thinking is that the eng side of us is analytical, mathematical and problem solving based while the com gives us a grounding is trading, mergers, acquisitions etc.

yeh it isnt, postgrad is important, or even having experience in an investment bank in a junior position...ok ppl think law is important coz TRADITIONALLY bankers usually wud have law qualifications...take a look at Mac Banks executives, they mostly have law + MBA...teh engineering/actuarial/maths and stat is starting to get recognised now...if need b i will link a relevant article regarding the increasing demand for quantitative skills, basically, tehse skills r now becoming more recognised esp for M&A

HOWEVER!!!!!!!!!!!! The key point of my post is this. THEY ARE NOT JUST LOOKING FOR HD PEOPLE. I asked her what she actually looks for in the applications, what jumps out at her. Basically it what does this person do anything else in their life besides study. DO THEY WORK???? (shows you can balance you life and acquired people skills, depending on the job). DO THEY PLAY SPORT????? (once again balance and team work) . DO THEY HAVE ANY OTHER EXTRA CURRICULAR STUFF??

In short, if you have a credit average or above and actually live and do things in your life besides attend university and get HD's then you have a shot. I spose they also wanna find people that will fit into the culture of friday night drinks and all that other social stuff.

i agree with u there...IF u r who i think u r, umm we talked bout this yesterday, the word u used was "charismatic"...basically yeh ur right...i dont know y ppl keep sayin u need HD, not many ppl get HDs, and if they do they may lack the social and INTERPERSONAL skills required for these sorts of positions

 

[#4]

Sorry krish i aint who u think i am.......if you did some investigation you should be able to find out.

In regards to the econometrics question. I cant give a good answer to 'would metrics be better than accounting' cos i simply dont knonw the answer. If you wanted to do IB, i cant imagine it would matter all that much.

 

[Supra]

Alot of commerce/business degrees allow you to do two majors and even in my combined degree i think i get to choose two majors or maybe one major or one minor.

Obviously if u wanna get into the finance industry you would choose finance as your first. If you get to choose another THEN you choose accounting. What other major in the commerce degree if gonna be more beneficial than accounting. Maybe economics but i doubt it. I'd rather chew on glass than do econometrics. The rest of the options arent exactly quantitative so that leaves accounting. Also accounting comes in very handy if you are lucky enough to get into management roles in companies and some CFO jobs i have seen advertised require a CA or CPA qualification.

Acounting is more important than u may think. NOt as much as finance though, in terms of IB

this post basically answers evrything...

and u must b ronnie, i saw ur hsc subjects and ur uai it all fits...shit ur like the 100th person i know taht wants to get into IB...this shows the stiff competition and the difficult of getting into this proffession

 

[Korn]

is that u J??? i know man but still i aint gonna giv up i know what i want and ima do evrything to get it


yeh it isnt, postgrad is important, or even having experience in an investment bank in a junior position...ok ppl think law is important coz TRADITIONALLY bankers usually wud have law qualifications...take a look at Mac Banks executives, they mostly have law + MBA...teh engineering/actuarial/maths and stat is starting to get recognised now...if need b i will link a relevant article regarding the increasing demand for quantitative skills, basically, tehse skills r now becoming more recognised esp for M&A



i agree with u there...IF u r who i think u r, umm we talked bout this yesterday, the word u used was "charismatic"...basically yeh ur right...i dont know y ppl keep sayin u need HD, not many ppl get HDs, and if they do they may lack the social and INTERPERSONAL skills required for these sorts of positions

Is J or this ronnie dude, from Oak??

Does anyone here intend to do what they enjoy?

Or even what they are good at?

Don't do something to earn money because it won't happen. No matter how hard you work, someone is working harder than you. No matter how smart you are, someone is smarter than you. No matter how educated you are, someone is more educated than you are.

95% of people who go into finance / business to make huge money fail. Only a very few earn good money.

Pick one: good money, or reasonable working conditions and enjoyable work.

Yeah for sure, pretty much the sole reason I was considering Finance, was cause I seem to enjoy that type of thing

 

[Supra]

Korn i thought it was one of my friends, his name is J (he didnt go to oakhill btw)...but as #4 has said he isnt J, and the fact that i looked at his subjects+uai...i have come to realise its Ronnie from oakhill...also his username "#4" is to do with his position in the football team which he captained if i remember correctly...

Does anyone here intend to do what they enjoy?

Or even what they are good at?

Don't do something to earn money because it won't happen. No matter how hard you work, someone is working harder than you. No matter how smart you are, someone is smarter than you. No matter how educated you are, someone is more educated than you are.

95% of people who go into finance / business to make huge money fail. Only a very few earn good money.

Pick one: good money, or reasonable working conditions and enjoyable work.

i have already said this, a few posts ago and so the others have said it as well (namely #4)...u must do waht u enjoy and what ur good at...this holds true at an extremely high level of significance in actuarial, but also in other finance courses as well as engineering...in engineering u can make heaps but i knew i lacked the interest and the abilities that engineers required, actuarial was more for me
I have wanted to do my course eva since like year 8...

also, its just a fact of life there is always going to b some1 smarter than u but that wont matter, if u do ur best and u want somehting bad enuff, ull get it, and im not full of shit either, im being serious

 

[Korn]

You fucking serious Ronnie is doing this type of shit. LOL
Fuck I cant picture Ronnie doing investment Banking and shit.

No offence man, I knew you were smart but I didnt think you would be interested in this shit.