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/biz/ - Business & Finance


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932166 No.932166 [Reply] [Original]

Sup /biz/, I've recently decided to switch from an accounting program to instead get a masters in economics or go for a bachelors in information systems and decision sciences and get a masters an analytics with that degree. I was wondering which field would be better to switch into for long term prospects and also which field is better when coupled with a university's business internal audit program. Thanks for any advice

>> No.932526

>>932166
there is a hair's breadth in the difference in the market demand for these skills, it really depends on what you are better suited for which you know better than me

>> No.932529

>>932166
Dumb goy... Why not stick with accounting? Lmao tbh guess you don't enjoy $120k/yr after 5 years.

>> No.932713

>>932529
Accounting bias in action everyone

>> No.932721

This is /biz/. Get your degree and start a business before you post here again.

>> No.932842

>>932166
Accounting with information systems minor or the other way around.

Economics if you want to be professor or government worker.

>> No.932854

Eh, I really don't want to go the way of minoring in accounting. The field just doesn't interest me at all and I want to avoid doing more intensive accounting coursework. Isds with a minor in econ was one thing I was considering though.

>> No.933083
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933083

major decision.
I'm leaving my webdev career. Worked for the govt for 2 years, halfway through a bachelor's in CS. Dropping it to get into finance.
I can't decide between pushing for becoming an investment banking analyst or working with managed accounts. I like the transactional nature and bonuses that would come with IB, but I like the not-dying part of normal-pace trading and analysis.
I have to choose because I need to start lining up contacts for the junior year summer internship, which will make or break each path. I have to decide this yesterday. Send help.

>>932166
An IS major is preferable over econ any day. Be sure you land with a reputable, established firm and not some 3-year old babby's first startup that grosses .3M annually. It's strange to switch from accounting though, since it opens more positions than just being an accountant.
Whatever you choose, you should be thinking about the career you'll end in and let that drive your decision, not just what classes you like. I doubt it'll result in an econ major, though. ganbare

>> No.933086

Major decision; should I divorce my wife?
She has no job and definitely doesn't slash her spending to compensate. No retirement account, no savings. She wants to go back into debt to get a masters.

>> No.933099

>>932166
>Economics

Don't do this.

Switching from econ bachelor to something else masters, simply because econ is one of the dumbest subjects there are (at least macro). the only worthwhile topics in econ are microeconomic fields.

are you interested in research? if not, you really shouldnt go into econ.

>> No.933105

>>933086
you fucked up m8?

is she hot tho? if so then it's not to bad

>> No.933788
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933788

>>933086
The edge answers will look like this >>933105 or will be heated emotional responses from fedorables on the topic of either women or marriage.

The /biz/ answer would be something along the lines of a cost-benefit analysis, only looking at the financial aspect.
You, as a shareholder in the company of the marriage, hold rightful ownership of some of the assets and likely some of the obligations to liabilities.

To calculate the cost/benefit to your equity position for each choice, you should, in the instance of staying together, make projected journal entries for transactions such as mortgage debt service expense, education expense, employment revenue, etc. and try to project about 5 years out, and generate the three statements for the end of each of those years. That'll give you a concrete idea of what your shareholder net income and position trends will be, and you can decide if that's a life you'd be happy with.

For if you were to split, you could write it as a demerger spinoff, where the parent company splits into two. This is a bit more work than just the journal entries of the first trial, it'll be a bit more involved. Remember to work in any obligations that one company is likely to hold on the other and any fees associated with the consulting and execution of the spinoff company, as well as how company assets and liabilities will be distributed. You'll be the sole shareholder of the new company, but you'll need to calculate how your I/S and B/S have changed to see if you like this life more than the other.

It's a lot of work and might seem silly, but if you put serious thought and effort into the process, when you're done you'll have the most concrete intuition and answer possible. good luck!

>> No.933799
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933799

>>933086
>>933099
Thinking on this more, this might actually be a really good case study to work out in-thread. Much of this board seems to have become /pol/ and isn't as involved in actual accounting or informed financial decisions.

Would you be willing to answer questions regarding you and your wife's financial position revenues and expenses? We'll work through it together, and lurkers might be happy.

>> No.933811
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933811

>>932166
doesnt matter at all. just get a masters degree. that's all they care about, nobody really gives a shit if it's economics or accounting or whatever. everybody knows the degree is just a paper you are somewhat cabable of survining the school climate. more important is is how likeable you are and luck.

>> No.934026

>>932713
if only the bias wasn't fairly accurate...

>> No.934038

>>932166
how come you come ask anon board to make such a descision in your life

>> No.934088

>>932842
Accounting if you want a normie job that caps out at 80-90K and is AIDS.

Economics if you want to work as professor, do government work, or go into Finance.

Normally you'll want CS/Math/Statistics as a double major for Economics, or do Economics Masters/PhD, undergrad is too easy at most schools.

Alternatively, do what I'm doing CS + Economics Double Major and then starting a business when I graduate. Already have ~80k funding for a 20% stake I've sold and that should get me through the first year, probably turn a good profit too.

Alternatively, I can always go back for graduate CS/Business degree.

>> No.934112

>>934088
whats the business?

>> No.934129

>>934088
Why not Finance?
What is the cap?
Talk more.

>> No.934491

>>933788
do people actually live like this?

>>933799
yeah, OP.
gib.

>> No.934597

>>933788
>>933799
>>934491
Original poster here, what do you guys wanna know? Obviously I'll keep things vague because I'd rather not be outed

>> No.935960

Bemp