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How useful is a minor?

post #1 of 16
Thread Starter 
I'm currently in 3rd year doing a BSc in Econ with a minor in Finance. Would it be useful to also get a business minor as well? Some things to consider:

1. I am starting the CFA program in 4th year
2. In order to get the business minor I would have to take an extra class.
3. This class would cost ~$650, and would be taken along with my 4th year core.
4. I work about 20 hours a week while going to school.

Given the circumstances, do you think I should just say fuck it and stick with what I have so far, or put in the extra work and money to get the minor? How beneficial is it to have that on the resume?
post #2 of 16
Ask your adviser. I can't answer this question, but I remember hearing friends in college in somewhat a similar situation as you get told straight by their adviser that a minor is not an option for a 3rd year student. I think minors require more than one class, usually some 20 units or something or more, from what I remeber.
post #3 of 16
You're already getting a Finance minor. That's a field within business; thus, you're getting a business minor already.
post #4 of 16
Quote:
Originally Posted by JayJay View Post
You're already getting a Finance minor. That's a field within business; thus, you're getting a business minor already.

+1. I don't think you're going to get much out of a single business class that is going to give you an advantage in the job market that the Econ/Finance track isn't also going to give you.
post #5 of 16
Thread Starter 
Quote:
Originally Posted by bringusingoodale View Post
Ask your adviser. I can't answer this question, but I remember hearing friends in college in somewhat a similar situation as you get told straight by their adviser that a minor is not an option for a 3rd year student. I think minors require more than one class, usually some 20 units or something or more, from what I remeber.

I've already completed 5/6 courses for the business minor and would just need this single one to get it.
post #6 of 16
You're taking your CFA, so I'm assuming you're interested in the IB industry. The 650 bucks you spend compared to the relative value you get from saying its a finance minor to a business minor is not worth it (Adding it to your resume worth ------> -$650 - Time spent on course work - Balancing your work and school + Educational benefit...no real employer benefit). If really interested in assumed industry I would say save that money, get in touch with alumnis who work in your interested industry, fly to New York (use it here for flight and stay) to meet them and sell yourself as a potential candidate. O ya and do this as soon as you can before their recruitment drive ends at the start of Fall for Senior college kids
post #7 of 16
No one in the professional world will care what your minor was. Many schools don't even have minors, which should give you an indication of their importance in the grand scheme of things. Just pick a minor in which you think you'll learn useful information. Don't pick it for the perception of its value as a credential. Finance is a decent minor if it's not your major, because you'll really want to learn the basics of finance at some point or another. Especially for your intended career path. I think you're fine with what you've got.
post #8 of 16
Skip the minor UNLESS you still want to interview. They can come in useful at times on interviews as part of your story/package, though a finance major with a business minor doesn't add that much
post #9 of 16
Minors are essentially worthless. Act accordingly.
post #10 of 16
Double major > 2+ minors

Solid internships > double major
post #11 of 16
Minors are very useful. The cops are less likely to bust them and if they do, they aren't going to prison so they are less likely to flip on you.
post #12 of 16
Quote:
Originally Posted by AxlJack View Post
You're taking your CFA, so I'm assuming you're interested in the IB industry. The 650 bucks you spend compared to the relative value you get from saying its a finance minor to a business minor is not worth it (Adding it to your resume worth ------> -$650 - Time spent on course work - Balancing your work and school + Educational benefit...no real employer benefit). If really interested in assumed industry I would say save that money, get in touch with alumnis who work in your interested industry, fly to New York (use it here for flight and stay) to meet them and sell yourself as a potential candidate.

O ya and do this as soon as you can before their recruitment drive ends at the start of Fall for Senior college kids

CFA isn't all that useful for IB, other than demonstrating you are dedicated and driven. More applicable for portfolio management, investment analysis/valuation, credit analysis, etc.
post #13 of 16
there is no "market value" to a minor, except for maybe a language, if in fact you learned to speak a marketable language well.

However, the things you learn by taking classes in a minor can be useful in many ways, for example, a minor in english wont get you a job, but being able to write well will help your career.
post #14 of 16
Quote:
Originally Posted by Johdus Fanfoozal View Post
Double major > 2+ minors

Solid internships > double major

Agreed.
post #15 of 16
my program doesnt even let us minor in anything, we cant achieve the right amount of credits because of our degree requirements, and its a reputable school so i dont think its all that important
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