Majors
AccountingThe role of the accountant is two-pronged. On the one hand, accountants represent the historian in a firm. They collect data, gather and file it for others to access and analyze. On occasion, they may be asked to provide their opinion, idea and feedback on an initiative, department, firm or industry. The discipline has been tarred by scandals of late, with the implosion of Enron. The largest corporate bankruptcy shocked most stakeholders because auditors at Arthur Andersen repeatedly said that all was well at the Texas-based company. |
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Choosing a MajorAn obvious statement is that whatever you decide to do at school will play a large role in your career thereafter. A less than obvious statement is that most of the classes you enroll in will become irrelevant. School is important because it shows you the basics, provides you with a framework to solve problems, tests your discipline and gives you an ability to learn. In general though, it is understandable why so many employers tell you to forget everything that you have learned when you start your first job. |
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Decision SciencesDecision Sciences & Quantitative Analysis is the term given to statistics in business. Essentially, if you aspire to work in insurance (as an actuarial for example), economics (forecasting trends), productions and operations, quality control and procurement, then Decision Sciences & Quantitative Analysis may be for you. |
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ElectivesThe flip side to choosing a major is selecting which classes to take to complete your degree. Assuming you do not declare a minor and have some room to work with, you will have the choice to select easy, straightforward classes or opt for classes that challenge you. |
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FinanceThe role of the financial manager is to maximize value. Unlike accountants who mostly collect data, finance students are called upon to examine data in order to come up with some form of conclusion and recommendation. This conclusion is often based on accounting principles, but it needs to take into consideration marketing theories, technological feasibility and good old common sense, something often lacking in business circles. |
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Human ResourcesHuman Resources managers get a bad reputation from many but the field remains a very interesting one. HR has more to do with the legal and accounting issues of managing human capital, while Management (with a big M) comes down to psychology in business. In some ways, HR is more for the accountant while Management is for the financier. |
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International BusinessInternational Business is essentially marketing with a global perspective. It combines psychology and sociology with anthropology and political science. In this day and age of globalization, deregulation and a fairly free flow of capital, marketing is global whether you know it or not. So taking International Business over Marketing is recommended even though more and more Marketing classes focus on global issues anyway. |
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MajorsDeclaring a major may be one of the hardest things to do. You can go see various professors to see what you should study but when things are said and done, only you will know what is the best course of action for you. After much soul searching (or a coin flip over a beer), many are attracted by the challenge and upside of business school. |
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K!
