I’m planning to major in finance, but I’d like to pursue a double major to enhance my appeal during recruitment and advance my career. Here’s the list of business programs available at my school:
- Accounting
- Business Administration
- Business Analytics
- Business Economics
- Business Management
- Entrepreneurship
- Management Information Systems (ranked highly among public schools in the US)
- Marketing
- Supply Chain Management
I’m also open to a second major outside of business, such as mathematics or computer science. What are the best complementary options from the list? Which ones might not be as beneficial, and what do you recommend?
One response
Choosing a double major alongside finance can significantly enhance your skill set and appeal to employers. Here are some considerations for each option you listed:
Best Options:
Business Analytics: This is a fantastic choice since it combines finance with data analysis skills. As companies increasingly rely on data to inform decisions, this combination will position you well in a variety of industries.
Accounting: A double major in Accounting provides a strong foundation in financial reporting and tax regulations, which can be invaluable in finance roles. This pairing is particularly beneficial if you’re considering roles in investment banking or corporate finance.
MIS (Management Information Systems): Given the rising importance of technology in finance (like fintech), majoring in MIS alongside finance can open up unique career opportunities in tech-driven financial services.
Recommended Options:
Business Economics: This major will deepen your understanding of economic principles, which is crucial in finance. It also provides a solid analytical framework for evaluating financial policies and market conditions.
Marketing: If you’re interested in corporate finance, a marketing double major can help you understand customer behavior and market trends, enhancing your ability to contribute to strategic financial decisions.
Supply Chain: This major can complement finance well, particularly if you’re looking to work in industries focused on logistics, operations, or manufacturing. Understanding supply chain dynamics can be beneficial in roles related to financial planning and analysis.
Options to Consider, but Less Ideal:
Business Administration: This is a broad field, and while it may provide some useful skills, it may not add as much distinct value next to finance compared to more specialized majors.
Entrepreneurship: While valuable for those looking to start their own venture, this may not directly enhance finance skills unless you’re focused on financial aspects of starting and running a business.
Options Outside of Business:
Computer Science: This is a highly valuable degree that, when paired with finance, can lead to roles in quantitative finance, algorithmic trading, and fintech. If you have an interest in coding and data structures, this could be a powerful combination.
Math: A strong math background can enhance your analytical abilities and problem-solving skills, which are critical in finance, especially in areas like risk management or financial modeling.
Conclusion:
Ultimately, the best option depends on your career goals and interests. If you’re inclined towards data and analytics, combine finance with business analytics or MIS. If you want a deep dive into financial operations, Accounting is a solid choice. Reflect on what aspects of finance excite you the most and choose a double major that enhances those interests. Good luck!