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Business Banking Careers

Dorothy Said:

How is the job prospect for a career in business, banking or finance in the future?

We Answered:

Not too good.

Samuel Said:

For a career in Investment Banking... Should I study International Business or Accounting???

We Answered:

If you can major in one and minor in the other that would be great. The firms you noted definetly are looking for accountants. Accounting is the major.

Micheal Said:

Western Ivey or Mcgill Deasautels for Business (Finance/Banking) ?

We Answered:

Western Ivey is the school you want to go. . .you have so many opportunities to network, a lot of employers hire graduates from this school and specifically a school for finance (especially in investment banking). . .

Elsie Said:

Investment Banking...business, law, or finance?

We Answered:

It's more of a financial career because you're managing investment funds and several types of finances. But finance is taught at a school of business and you are most likely to get sufficient training in both. Once you get to graduate school is where it matters (MBA vs. masters in finance).

I'd like to say investment bankers have good job security, but at the moment there are alot of layoffs plus you have to factor in how money jobs were lost because of the Bear sterns collapse. Plus there's the housing crisis. I was planning to double major in economics and finance but things seem a little gloomy right now, especially with the negative savings rate going on (we're spending more than we're making).

If you are good at math, really good, you might want to consider being an actuary. They're basically financial mathematicians who literally calculate risk. Very high in demand with investment banking and insurance, and the demand will probably grow because of social security, life insurance, and pension funds having to adjust to rising life expectancies.

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