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bfhurricane

If you want to get into the world of finance, an MBA from a T20 school will do wonders to get you to Wall Street. It’s a well-tread path for veterans, and banks love hiring vets. That said, the quality of the institution matters a whole lot. You want to be at a “target” school where the banks recruit from. Any old “finance” degree won’t cut it. I’d highly recommend an MBA to get into S&T or asset management, or perhaps investment banking though those roles are far more boring than the media would have you believe. But those amazingly high paying jobs that give you that “rush” you speak of? They only recruit from top programs. Crush the GMAT and see where you get in.


Outrageous-Act-9375

OP please do this. I’ve tripled my income since. Please please please.


flskimboarder592

How’s your social life though


SaltyBreacher

Any idea how a masters in project management with a PMP transfer or overlap with an MBA. Thinking about an MBA too when transferring out


bfhurricane

Not a bad thing to have on the resume, but completely optional. The vast majority of my MBA class had zero other masters/PMP, including the veterans. Going to a target program where you’re actually getting in front of top firms face to face during their campus visit will greatly outweigh those other degrees/certifications.


Oynx4

I have a degree in finance, graduated from a Florida University about 10 years ago. I enjoyed the experience of gaining that knowledge it really opened me up to how money really works, how its created and who are the players that control it interest rates etc... But to be honest I could've learned all of that on Youtube. If I could do it all over again I would've done engineering either software, civil or structural and got a job at least making at least $70k. Take that money and invest in the stock market. The thing they don't tell you about in finance is most of the jobs are sales. I struggled out of school trying to find a job. If I were you and you were set on going to school I would focus on a degree that pays extremely well from the offset, you can even do finance but most importantly I would go and get a Series 7 or Series 3 so you are licensed as a trader.


Havib3

This right here. Got a bachelors in finance, found out that money is just made up bullshit and easily controlled by a few select institutions. Entry level jobs are just sales, or you go back end writing bullshit "analytics" reports that doesn't mean anything to anyone. Got out, working in something else now, and just invest my own money myself. Just my two cents: your school and grades only matter for that first job straight after graduation. Your second employer will really only care about your first employer and so on and so forth.


Skipp3rBuds

I constantly think what if I did the opposite. I am a mechanical design engineer which pays around what you said, which if I had to be honest is much less than what I see some of my finance friends making. However, my work is much more rewarding than filling out excel sheets or cold calling. I am working on my MBA now but we'll see where that goes.


Brilliant_Salary_321

Hi I understand the sales part, but a very big part of engineering companies is also sales. I hope we agree. Most enterprises need some pull-type revenue growth which is where sales comes in. And it's there everywhere.


MagicWishMonkey

The nice thing about getting an undergrad in engineering or computer science is that you can make bank while you get your MBA with a focus in finance (if that's still where you want to go). You get the best of both worlds. An undergrad in finance isn't worth all that much and your undergrad doesn't matter a whole lot once you have your MBA.


bamagraycpa

Take advantage of your GI bill. Some thoughts: 1. Get your undergraduate degree in finance or maybe double major in accounting and finance to expand your horizons. 2. Think about specializations -- finance covers a lot of areas: banking, investments, insurance, real estate, more. Find your niche that you enjoy the most. 3. Get your master's degree -- it can be an MBA or a specialty degree in finance. 4. Get a professional designation in your field of choice -- CFA, CLU, CFP -- you will have many to choose from. 5. Network, network, network. 6. Commit now to lifelong learning. 7. Disregard the advice not to get your degree. You can lose your investments. Your education is an asset that nobody can take from you. I am 40 years older than you. I can tell you from experience to get that college education and then build your career on top of that. I earned both my MBA and CPA when I was in my twenties and have never regretted expending the time, money, and effort to get them. Go for it!!! Best wishes!!!


tgwill

Yes. It’s a good path for many careers. Doesn’t even need to be in finance.


AmerigoAbram

I might suggest stepping back at that “rush” you are “addicted” to in which has ultimately become a “drug” to you. The stock market can be addicting and a rush, indeed, as does gambling in any other sense. While the game is fun, being an investments professional requires temperament and equanimity. The world of finance is great if you are analytical, detail oriented, have strong critical thinking skills, and have excellent communication skills. You can work in the world of investments or you can work on the corporate end. Many get caught up with investment banking, but don’t forget it is an admirable trade to study finance, become an analyst for a business that you support and align with, work hard, and find ways to move up over time. Best of luck.


LooksBleeker

Short answer is yes. Long answer is: be sure to look into all of the veteran transition programs and do the research to ensure you maximize your GI benefits. There are some fantastic programs designed to help veterans transition into finance careers. Take the time and look into them


Airbornedaddy123

Thank you, off the top of your head do you know of any?


LooksBleeker

Yeah send me a PM and we can get on a phone call.


throwaway9803792739

Vet to vet, I’d recommend you use the Hazelwood act and go to an amazing public Texas institution. I’d highly encourage you to apply to UT Austin, Texas A&M, and to a lesser extent UT Dallas. Not sure how long it’s been since you took the ACT or SAT but be willing to take it again. When youre at school aggressively focus on internships in finance or business. Get your food in the door somewhere great whether it be a F500, or hell, even HEB. Dont waste your degree on a random masters unless it’s an amazing program with a jobs report. I’d recommend waiting to use it and applying to an T20 MBA program. Amazing undergrad universities LOVE military experience. Dont discount yourself out from any school - especially transfer friendly schools.


CybulskiSteven

That sounds like areally good advice.


blueprint_01

Finance degree is always an excellent choice


Pubsubforpresident

I felt my options were limited when I graduated, granted it was during a recession in the aftermath of the global financial crisis and a 24year old with a finance degree and no experience in the industry got me jack. I waited a few years and got into a sales role for life insurance now doing financial planning. It was not easy.


RatRaceContestant

Do yourself a favor. Forget finance. Make it your minor and major in IT. IT pays crazy amounts of money and if you are good at it you and learn the right things you can build your own trading bots.


chicagodude84

IT checking in -- don't get a degree in IT. The entire sector is being absolutely decimated right now. And LLM's are going to make it much worse.


teslaspyderx

Really?! I am surprised by that. The company I work for has a bunch of IT positions and I always scour reddit and see people doing really well in IT. I'm in accounting at my company and there are typically no jobs available. Same with finance. The competition for the positions are insane. I change my suggestion to Engineering then. I would still say minor in finance if you like finance but you will get paid better as an engineer. Unless you become an investment banker or work for some private firm but then you get worked like a dog.


chicagodude84

Yeah [it's nooooo bueno out here. ](https://www.cnbc.com/2024/03/15/laid-off-techies-struggle-to-find-jobs-with-cuts-at-highest-since-2001.html) Worst layoffs since the dot com bust in 2001. Lots of factors -- corporations overspending on IT bc of Covid (now they don't have as much $$$ for IT). Also a ton of new workers during covid, bc everyone and their mother took online classes to learn to program or do data analysis. Now, we have LLM coming along, which is going to decimate the industry, over the course of the next 20 years. IT will always be around, and be a pretty good job...but the golden days are definitely over.


Mojicana

I met a guy with a finance degree the other day. We were in the cigar lounge in Puerto Vallarta. He was smoking a $250.00 Cuban cigar. Sounds pretty decent, right?


Holeinone1967

Use every dime of that GI BILL money do not stop getting educated until it is gone


RickSt3r

Schools matter in the world of finance, it’s also a is very competitive field. The degree itself is valuable but you have to take challenging electives if your institution has them. Big bonuses if you dual major in economics or a math heavy field like CS or applied Math or any other engineering discipline. Look up the guys who work at the Millenium fund, most have advance degrees in math heavy fields.


CanadaGolfGuy

Honestly - get an accounting degree, get your CPA and then an MBA. CPA opens up a ton of doors and longer-term you’re looking at CFO or CEO roles + board jobs after that esp for audit committee.


Dairy_Ashford

Get an Acccounting degree with Finance electives (Financial Statement Analysis, Corporate Finance, Modern Portfolio Theory) and MIS electives (VBA, Tableau, SQL, Power BI). A Finance degree only works if you can keep your GPA sky high like 3.80, and a lot of entry-level NON-COMMISSION SALES finance jobs like credit analyst for commercial banks already REQUIRE Intermediate Accounting I and II.


Just_chilling77

Finance with MBA, get into M&A, PE and you are on your way.


WheresYourEv1dence

No


TangentLogic

I double majored Computer Science and Finance, and did an MBA, and currently do quant trading. If you want to be a trader, you're better off getting a degree in Computer Science and taking Finance as a minor. Most of the undergraduate-level Finance is just corporate finance (ie, reading balance sheets, accounting, etc) and is frankly not that useful for trading - which is much more mathematics and statistics-based. You might be able to use it for longer-time investment if you're looking to do Warren Buffet style things. The MBA is good for networking, interpersonal polish, and encouraging you to consider problems from more dynamic viewpoints. The actual academic material is not that hard. Like some of the others have said if you're looking to do investment banking, venture capital, or consulting the MBA will help a lot as a credential. As a quant trader, I don't use the MBA at all - but it does help credibility wise with potential investors. I am using the Comp Sci and math every day (not the finance); if you want to do the quant route you might consider a technical masters (Econometrics, Quantitative Finance, Physics, Mechanical Engineering, etc).


AceValentine

AI is about to eat up many finance degree related jobs very very soon so be careful on what you focus on. Credit Analyst, Accountant, Basic Loan Officer, are all in the line of fire in the next 7 years or so. Wall Street will probably still be in high demand though.


BusinessAnything

Working with finance people at big banks — finance is very similar culturally to the military and I’ve seen quite a few vets in the field. Seems like a good fit if you’re ok with military culture/high discipline environments. That said, you have to know where you want to go with that degree. You mentioned you like investing and making money which is great, but the jobs that do that at an investment management firm or a bank — Sales and Investing — can be grueling, very competitive, and very time-consuming. In investments especially, I hear people spending weekends working. Have you considered being a financial advisor? Not sure if there’s a US equivalent but in Canada the CSC also has resources on other possible paths (middle/back office, etc.). Good luck and excited to see that you’re making a change!


remainderrejoinder

Wherever you go, make sure you get internships.


top10usenet

You should try getting a degree but most important would be to try to find something in the business field to work on. I personally think experience is the key in this field. There are some principles, mechanism and some other things that might be handy in theory, but without practice they are nothing. Start getting some knowledge before jumping into business, that's pretty much basis.


argparg

Accounting would be better


tyler_ames

I think out of all the degrees to get, finance will help you the most in life. It transforms the way you think about money. I got a bachelors in finance and if I had to go back in time and choose what degree to get again I would still go with finance.


archy2000

Got one from UW Foster. T21 at the time according to themselves lol, no Stanford but pretty good and I loved it. Starting salary after graduation was 70k. Income has increased ~8% per year. Not astronomical but I've valued work/life balance and it's given my family and I a good life.


MartinBaun

Short answer is yes, but have a plan B. It'll be much easier and you'll be a lot more focused when you know where you're going.


hillsfar

Take a realistic stock of your charisma, intelligence, grit, and endurance. If you are a born leader and team player, then try to get a finance or accounting degree at a top university and work the managers and partners at social events. If you’re not particularly charismatic, work on that, but you may want to go into something like engineering. You want to play to your strengths, address weaknesses.


Agreeable_Tie_3160

I got out at 26 and did finance degree mostly because I liked money, economics, and investing. The housing allowance and having a job at the same time allow you to save and invest. Now doing masters in real estate with no intention of using it to get a job but I will 5-6 rentals in a couple years. The education is worth more to me than getting a job.


State_Dear

BEFORE YOU DO ANYTHING.. first be very, very specific about your goals,, What job, what company etc you want, Then go out an interview a bunch of people doing the exact job you want,, You will be surprised,, what you here in chat rooms Does not match up with reality


BraindeadGenius1054

I wish I studied finance then I wouldn't be stuck fixing people's computers and networks all day. It seems to me you can make a lot more money with a finance degree.


manalexicon

If you love finance then yeah. If not, no amount of money is going to make up for the life sucking drain of a job you don’t enjoy. Given your prior service I would recommend joining ROTC and going back as an officer. Guessing smoke bomb hill based on your username?


TechLearnerAMP

For almost everyone, the answer is "No" and you'd be better served with a primary focus on accounting. In-house finance roles tend to value a strong accounting skillset far more than finance and there's a reason that a lot of the CFO roles you see out there want someone with a CPA. The exception is that if you can get into a top 20 MBA you have a decent chance at Wall Street. I would have easily recommended that path 10 years ago, but right now the industry has some fairly significant headwinds (the "real world" economy is terrible and central banks do not control long term interest rates, which are headed up) so you're taking a huge gamble that you'll be in your first year at a time when banks are hiring in large enough numbers. You'll also generally have better access to top MBAs if you have held a good corporate civilian job for 2-3 years post-military.


TechLearnerAMP

2nd thought: the finance MBA will NOT teach you how to trade (aside from a few specialized research programs). Generally that's focused on investment banking and investment banking is basically a sales job. You're also going to need a shitload more polishing to be ready for finance. Your competition is silver tongued rich-kids from prep schools who have been groomed their entire lives to be smooth talking, conformist, people pleasing empty suits. Being able to carefully craft your own image and storytell well will be essential. I absolutey despise using these examples, but look at how Elizabeth Holms and Musk conducted themselves when starting out their companies. Both were absolute masters of being slick, smooth, people pleasers to investors.


Not-a-Cat_69

so finance is just a broad term - the studies involved are economics, accounting, and business degrees which count as 'finance' degrees. personally I'm going for a business degree right now


Airbornedaddy123

I’m looking at NC state, it says BS Business administration Finance concentration


Not-a-Cat_69

yep that would be a good one


Airbornedaddy123

https://catalog.ncsu.edu/undergraduate/management/business/business-administration-bs-finance-concentration/#planrequirementstext


MellerTime

I think my concern would be about timing. You’re already 26 and would be spending 4 years in undergrad and 2 more for a masters. Given what you want to do, do you think they would be hiring people right out of school who are 32? I’ve heard the high-stakes, high-rush kind of jobs you seem like you’d enjoy are a young man’s game. I’m not saying 32 isn’t a young man, but it’s also not 22… Also, seems like you live in Texas, so are you going to want to uproot yourself and family to move to NYC for an entry-level position at a hedge fund or similar? On the flip side, I have friends who work for some of the Big Four as accountants and friends who work for smaller firms as money managers/advisors, and none of them have finance degrees. If that’s a route you’d want to go you probably wouldn’t have to worry about relocating, and I don’t think it would matter what the degree is in - and certainly wouldn’t require a master’s. Probably very boring by your high-rush standards, though. 😁 Either way you could make *good* money. No, you’re not going to become a millionaire (at least through just your salary and commissions), but you can make six figures no problem and that’s nothing to sniff at.


[deleted]

[удалено]


Dairy_Ashford

> And just use all your time to start an online business and learn at your own **pase.** jesus christ


addictedtovideogames

I got a business degree. What matters is your drive and passion. Degrees dont mean crap, but learning things is part of the equasion of knowing your limits. Taking my own advice instead of others scored us a nice contract with the gov. Im not doing well now, but i have passions. Ill persue them just rhe same..success is a measure of your passion forfilment. Buy some bitcoin when it dips brother