Which school would be best choice for a financial analyst or manager?

posted
11-Apr-18, 10:48
Avatar for DavidMike
posted about 2 weeks ago
I want to be someone who evaluates the profitability of the business, how they are spending money and how they could reduce costs, what investments they should make, financial plans Ext.

I can either go to UIUC for around $120k at the most for living + education without any scholarships and major in Accounting/Finance and minor in Econ. Then go get a MBA at a top 10 school for $120k without any scholarships and not accounting for living expenses.

Or go to a more competitive school like Northwestern/Berkeley/New York for Undergrad and major in economics and finance for $300k.

I have no idea which choice would provide the better overall education for my career choice which is probably most important. But also the former would take 6 years while the latter would only take 4. Although I could get a MBA at a later point in my life I would be losing 2 years of salary at some point.
posted
12-Apr-18, 04:01
by pm133
Avatar for pm133
posted about 2 weeks ago
Quote From DavidMike:
I want to be someone who evaluates the profitability of the business, how they are spending money and how they could reduce costs, what investments they should make, financial plans Ext.

I can either go to UIUC for around $120k at the most for living + education without any scholarships and major in Accounting/Finance and minor in Econ. Then go get a MBA at a top 10 school for $120k without any scholarships and not accounting for living expenses.

Or go to a more competitive school like Northwestern/Berkeley/New York for Undergrad and major in economics and finance for $300k.

I have no idea which choice would provide the better overall education for my career choice which is probably most important. But also the former would take 6 years while the latter would only take 4. Although I could get a MBA at a later point in my life I would be losing 2 years of salary at some point.



I have a suggestion - you may not like it though.
I am not persuaded that you need a degree at all for this type of work.
You could spend a year or two reading the myriad of financial accounting books out there and start working your way through publicly available company accounts. You could identify potential savings and contact the company directly offering highly paid consultancy services.
posted
17-Apr-18, 11:14
edited about 3 seconds later
by SnejiK
Avatar for SnejiK
posted about 1 week ago
Hmm, I would say this depends on what you are aiming for. Of course, 2 years should not be disregarded, as master programs are usually really intense, so you are right in concluding this will affect your income for the time being. However, I think you need to be looking at the bigger picture - choose a university with a name if you will be depending on your education rather than your experience when you apply for a job. Because you will be submitting CVs with plenty of other candidates - you do want to stand out in some way. Here (https://www.accessmasterstour.com/masters-info/rankings-accreditation) is a list of top universities in different fields and an article on why they matter for you - this may give you a different perspective in resolving this dilemma. Good luck!
posted
17-Apr-18, 13:13
edited about 29 seconds later
Avatar for DavidMike
posted about 1 week ago
Quote From DavidMike:
I want to be someone who evaluates the profitability of the business, how they are spending money and how they could reduce costs, what investments they should make, financial plans Ext.

I can either go to UIUC for around $120k at the most for living + education without any scholarships and major in Accounting/Finance and minor in Econ. Then go get a MBA at a top 10 school for $120k without any scholarships and not accounting for living expenses.

Or go to a more competitive school like Northwestern/Berkeley/New York for Undergrad and major in economics and finance for $300k.

I have no idea which choice would provide the better overall education for my career choice which is probably most important. But also the former would take 6 years while the latter would only take 4. Although I could get a MBA at a later point in my life I would be losing 2 years of salary at some point.


Thank you!

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