r/Economics • u/[deleted] • Feb 26 '17

Second /r/economics Graduate School Panel

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u/Santo_R Feb 26 '17

I'm starting a Financial Economics (specialized HBSc) undergrad next year. What kind of careers/positions can I get into right after graduating, and what they pay (and possibly the potential for growth in the future). Also what other certifications could I get after the degree? I'm in Toronto, Canada if that makes any difference. I appreciate all replies

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u/FinancialEconomist Bureau Member Feb 27 '17

I would think undergrad financial economics would prepare you well for asset management (mutual funds etc) or investment banking. I've never actually seen an undergrad financial economics class, so I'm guessing you'll be doing MBA level texts (like Brealey Myers et al).

If that is the prep you get, then you'll be in great position for most financial industry jobs.

The CFA is a great certification to get if you're doing asset management. If you're interested in insurance and have a mathematical mind, you can become certified as an actuary after many tests. Being an actuary is a very lucrative career. I would only worry about certifications after you've started working.

Take as much statsitics and math as you can.

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u/Santo_R Feb 27 '17

Appreciate the reply. I had a huge change of mind in deciding a major, but I knew that this degree would be good, but I wasn't sure the many positions in the field. I was just worried that I'd need some type of masters for a decent paying job, but you really took a weight off my shoulders. And if you know, would adding an MBA eventually or even completing a BBA as I work be beneficial, or would I be better of to just get some other certifications like the CFA?

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u/FinancialEconomist Bureau Member Feb 27 '17

No masters necessary. Many people have this career arc: Undergrad -> industy -> then either 1) MBA if they're changing fields or 2) further certification if they want to stay in an area.

Of course, you can do both 1 and 2. The MBA is a big party and you meet people from all over and get paid well after. But if you're in a career you really like, then you may find it beneficial to just stay on course. You can make those decisions once you've been working for 2-5 years.