bbb Posted September 20, 2018 Share Posted September 20, 2018 My Godson really doesn't know what he wants to do when he graduates with a business degree. I wish I had explored more things at that age. I know a book that somebody gave me and I figured it was too late, I was an accounting major so that's what I have to do - I'm 22 and it's too late to turn back now - was What Color is Your Parachute. Is that still a good one to get him. I know it's on something like it's 35th edition...........Or does somebody have a better suggestion? Book or otherwise? Link to comment Share on other sites More sharing options...
Jauronimo Posted September 20, 2018 Share Posted September 20, 2018 2 minutes ago, bbb said: My Godson really doesn't know what he wants to do when he graduates with a business degree. I wish I had explored more things at that age. I know a book that somebody gave me and I figured it was too late, I was an accounting major so that's what I have to do - I'm 22 and it's too late to turn back now - was What Color is Your Parachute. Is that still a good one to get him. I know it's on something like it's 35th edition...........Or does somebody have a better suggestion? Book or otherwise? If he doesn't know what he wants to do, like many kids aren't when they graduate, have a frank conversation with him about what kind of life he wants to have. "Follow your dreams" is terrible advice for most kids. That's how we get thousands graduating with degrees in graphic design only to find out the market is over-saturated with applicants, these jobs only exist in select markets, they're not nearly as glamorous as you would imagine, and they don't pay dick. If he wants to make some bank and live comfortably, move to a big city. Any city. How many hours is he willing to work? Whats his idea of work life balance? I had no idea what I wanted to do but I always knew what kind of lifestyle I wanted and that I was too competitive to punch the clock and just get by. Once he knows what he wants and what's important to him, the career choices will narrow down and things will come into focus. 2 Link to comment Share on other sites More sharing options...
Augie Posted September 20, 2018 Share Posted September 20, 2018 (edited) My wife was a math major and is now a sales manager for a major wealth management institution. I also didn’t work within my degree field. Most people don’t, I think. We wanted our son to go into engineering, but he insisted on business. We insisted, if you do that, you have to go all in, accounting and financing degrees with a Masters in accounting. He’s a CPA now and the thing he wants most is to get out of being a CPA. THE ONE THING WE PREACH IS KEEP NETWORKING! That’s where the opportunities will come from. Add any designation you can, as it all helps. (He’s passed the first part of the CFA exam as well.) He’s way ahead of most guys in his shoes, because he’s taken concrete networking steps that help him in the real world and on his resume. Your degree does NOT dictate where you go. Your efforts to develop your skill set, identify where you want to be and network will be the most critical stuff. I’d look for something on networking. That will probably be the most productive for him over time. Best wishes! 12 minutes ago, Jauronimo said: If he doesn't know what he wants to do, like many kids aren't when they graduate, have a frank conversation with him about what kind of life he wants to have. "Follow your dreams" is terrible advice for most kids. That's how we get thousands graduating with degrees in graphic design only to find out the market is over-saturated with applicants, these jobs only exist in select markets, they're not nearly as glamorous as you would imagine, and they don't pay dick. If he wants to make some bank and live comfortably, move to a big city. Any city. How many hours is he willing to work? Whats his idea of work life balance? I had no idea what I wanted to do but I always knew what kind of lifestyle I wanted and that I was too competitive to punch the clock and just get by. Once he knows what he wants and what's important to him, the career choices will narrow down and things will come into focus. This is great advice. We just happen to be in Atlanta (as my wife had better prospects), but my son has endless avenues as well. If he was back in the town he grew up in, he wouldn’t have 10% of the opportunities and options he has now. He can go from audit to investment banking to advisory to any number of other options. the hardest part is deciding the direction. Where he grew up he’d be out of business because easy tax returns are eliminated by software. But obviously keep in mind the cost of living! A lot of his friends went to NYC and Chicago. They do 100 hour weeks to afford a shoe box apartment. Edited September 20, 2018 by Augie 1 Link to comment Share on other sites More sharing options...
Jauronimo Posted September 20, 2018 Share Posted September 20, 2018 2 minutes ago, Augie said: My wife was a math major and is now a sales manager for a major wealth management institution. I also didn’t work within my degree field. Most people don’t, I think. We wanted our son to go into engineering, but he insisted on business. We insisted, if you do that, you have to go all in, accounting and financing degrees with a Masters in accounting. He’s a CPA now and the thing he wants most is to get out of being a CPA. THE ONE THING WE PREACH IS KEEP NETWORKING! That’s where the opportunities will come from. Add any designation you can, as it all helps. (He’s passed the first part of the CFA exam as well.) He’s way ahead of most guys in his shoes, because he’s taken concrete networking steps that help him in the real world and on his resume. Your degree does NOT dictate where you go. Your efforts to develop your skill set, identify where you want to be and network will be the most critical stuff. I’d look for something on networking. That will probably be the most productive for him over time. Best wishes! Big 4 auditors have great exit opportunities. Especially after they make manager or higher. Accounting experience is always in demand. CFA is a nice designation. I am a Charterholder myself. It is, however, of limited applicability. It helps with entry level buy side gigs (equity analyst, research analyst, etc), corporate FP&A gigs, Big 4 business valuation work. Its becoming watered down as kids are passing tests but still have no real experience and are unable to put it all together. Top MBA programs still carry the most weight. 8 minutes ago, Augie said: This is great advice. We just happen to be in Atlanta (as my wife had better prospects), but my son has endless avenues as well. If he was back in the town he grew up in, he wouldn’t have 10% of the opportunities and options he has now. He can go from audit to investment banking to advisory to any number of other options. the hardest part is deciding the direction. Where he grew up he’d be out of business because easy tax returns are eliminated by software. If he wants to get into IB, CFA doesn't mean that much unfortunately. They want MBA candidates typically. Something to think about. Link to comment Share on other sites More sharing options...
Rob's House Posted September 20, 2018 Share Posted September 20, 2018 At this juncture he needs to understand how to succeed in business, what it means to be a man, and how to find happiness. Give him a different book for each. For business: https://www.amazon.com/Trump-Art-Deal-Donald-J-ebook/dp/B000SEGE6M To be a man: https://www.amazon.com/Fifty-Years-Well-All-Chicks/dp/B004AEZ8HC?crid=XUAD9CSRO7YZ&keywords=in+50+years+we'll+all+be+chicks&qid=1537417351&sprefix=in+50&sr=8-3&ref=mp_s_a_1_3 For Happiness: https://www.amazon.com/dp/B078RG2Y6B/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 2 Link to comment Share on other sites More sharing options...
Augie Posted September 20, 2018 Share Posted September 20, 2018 I read Henry and the Clubhouse in elementary school, and got to use it for a book report for three straight years. I’m not sure if it will help, or if it’s still in print, but I can look around if you think it might help. ? I read the parachute stuff, but it was so many years ago I can’t really offer an opinion. I thought it was good then, and doubt it could be bad, but I just don’t know and I’m big on networking. My wife might have better suggestions, but as she’s a productive adult she’s sleeping. She not only reads this stuff, but she’s ballsy enough to call the authors of books she likes. They can talk for hours! Link to comment Share on other sites More sharing options...
KD in CA Posted September 20, 2018 Share Posted September 20, 2018 (edited) If the kid isn't ready to get a job, tell him to go hike the AT or backpack through Europe, !@#$ a lot of chicks and have fun. Then when he's ready to grow up, get a job and work your ass off. People think being successful just falls in certain people's laps in this day and age. It don't work like that -- you gotta be smart, put yourself in good situations, AND work your ass off. 48 minutes ago, Jauronimo said: If he doesn't know what he wants to do, like many kids aren't when they graduate, have a frank conversation with him about what kind of life he wants to have. "Follow your dreams" is terrible advice for most kids. That's how we get thousands graduating with degrees in graphic design only to find out the market is over-saturated with applicants, these jobs only exist in select markets, they're not nearly as glamorous as you would imagine, and they don't pay dick. If he wants to make some bank and live comfortably, move to a big city. Any city. How many hours is he willing to work? Whats his idea of work life balance? I had no idea what I wanted to do but I always knew what kind of lifestyle I wanted and that I was too competitive to punch the clock and just get by. Once he knows what he wants and what's important to him, the career choices will narrow down and things will come into focus. The only graphic designer I know is a miserable SOB who bitches about his career on Facebook constantly. 35 minutes ago, Jauronimo said: Big 4 auditors have great exit opportunities. Especially after they make manager or higher. Accounting experience is always in demand. Yup....my buddies from Big 4 days are doing all sorts of good stuff; you can take that in a lot of directions. Edited September 20, 2018 by KD in CA 1 Link to comment Share on other sites More sharing options...
bbb Posted September 20, 2018 Author Share Posted September 20, 2018 2 hours ago, Augie said: I read Henry and the Clubhouse in elementary school, and got to use it for a book report for three straight years. I’m not sure if it will help, or if it’s still in print, but I can look around if you think it might help. ? I read the parachute stuff, but it was so many years ago I can’t really offer an opinion. I thought it was good then, and doubt it could be bad, but I just don’t know and I’m big on networking. My wife might have better suggestions, but as she’s a productive adult she’s sleeping. She not only reads this stuff, but she’s ballsy enough to call the authors of books she likes. They can talk for hours! Actually reading the Parachute info on Amazon, it talks alot about networking apparently. 3 hours ago, Rob's House said: At this juncture he needs to understand how to succeed in business, what it means to be a man, and how to find happiness. Give him a different book for each. For business: https://www.amazon.com/Trump-Art-Deal-Donald-J-ebook/dp/B000SEGE6M To be a man: https://www.amazon.com/Fifty-Years-Well-All-Chicks/dp/B004AEZ8HC?crid=XUAD9CSRO7YZ&keywords=in+50+years+we'll+all+be+chicks&qid=1537417351&sprefix=in+50&sr=8-3&ref=mp_s_a_1_3 For Happiness: https://www.amazon.com/dp/B078RG2Y6B/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 I can give him my copy of Carolla's book. Very funny book.............He really does well with #3, so I don't think that's anything he needs direction in. I don't know if he's going to be making any business deals at 22! Link to comment Share on other sites More sharing options...
unbillievable Posted September 20, 2018 Share Posted September 20, 2018 1 Link to comment Share on other sites More sharing options...
/dev/null Posted September 20, 2018 Share Posted September 20, 2018 Army, Navy, Air Force, or Marines 3 Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted September 20, 2018 Share Posted September 20, 2018 5 minutes ago, /dev/null said: Army, Navy, Air Force, or Marines Every young man should have to do this. We'd be a LOT better off as a society if they did because then EVERYONE would have something in common. 2 Link to comment Share on other sites More sharing options...
mead107 Posted September 20, 2018 Share Posted September 20, 2018 8 hours ago, bbb said: My Godson really doesn't know what he wants to do when he graduates with a business degree. I wish I had explored more things at that age. I know a book that somebody gave me and I figured it was too late, I was an accounting major so that's what I have to do - I'm 22 and it's too late to turn back now - was What Color is Your Parachute. Is that still a good one to get him. I know it's on something like it's 35th edition...........Or does somebody have a better suggestion? Book or otherwise? So, have you talked to him about what direction he is leaning towards in business? So many different directions. I would think he must have some idea? Not sure what a book is going to tell anyone what way to head. What kind of goal to reach? how high in business management do you want go? Does he just want to push numbers? Does he want to be a business partner with his own goals of having his own business? Lots of questions if looking for ideas. 1 Link to comment Share on other sites More sharing options...
Augie Posted September 20, 2018 Share Posted September 20, 2018 5 hours ago, bbb said: Actually reading the Parachute info on Amazon, it talks alot about networking apparently. I can give him my copy of Carolla's book. Very funny book.............He really does well with #3, so I don't think that's anything he needs direction in. I don't know if he's going to be making any business deals at 22! That’s great. It’s been so long I really don’t remember any of the content. 1 Link to comment Share on other sites More sharing options...
RochesterRob Posted September 20, 2018 Share Posted September 20, 2018 4 hours ago, unbillievable said: I wish that this was around when I was coming out of college. Is being a "kept" husband such a bad thing? Seriously, I was almost fixed up with one of the Rich (frozen foods) girls back around 1990. Another time I went out with a sorority girl who really liked me but her dad squashed things with a background check of me. Then he pointed out that the nice things that she was used to would be a long time waiting to happen with me. Anyways, this was many years before background checks became common place and part of most peoples' vocabulary. I would imagine that the background check also showed I was from a family of nut jobs as well. Link to comment Share on other sites More sharing options...
row_33 Posted September 20, 2018 Share Posted September 20, 2018 10 hours ago, bbb said: My Godson really doesn't know what he wants to do when he graduates with a business degree. I wish I had explored more things at that age. I know a book that somebody gave me and I figured it was too late, I was an accounting major so that's what I have to do - I'm 22 and it's too late to turn back now - was What Color is Your Parachute. Is that still a good one to get him. I know it's on something like it's 35th edition...........Or does somebody have a better suggestion? Book or otherwise? Parachute landed me my first accounting job in a highly specified field, never looked back. It teaches you how to find a job when you aren't going to be handed one by luck or family or sucking up to fatcats And everyone is going to get dumped into unemployment at some point in life, might as be ready to combat it at 22 than at 52. Trouble is people want the lazy way of finding a job, when you have to suck it up and network and be creative. So yes, the book is probably more relevant than ever... 1 Link to comment Share on other sites More sharing options...
plenzmd1 Posted September 20, 2018 Share Posted September 20, 2018 I have preached this to my kids to the heavens..get your degree...and take off!!! Go be a bartender in Europe and travel all over for 12 months. Teach English as a Second language in Thailand and explore Asia Pac. IN other words GOOOOOOOOO!!!! I would be in the exact same spot as I am now wealth wise etc, most likely, had I done that..but I can never be 23 with no encumbrances ever again. And yes, I am dead freaking serious... 2 1 Link to comment Share on other sites More sharing options...
Soda Popinski Posted September 20, 2018 Share Posted September 20, 2018 Daughter graduating in December with a degree in accounting. she interned twice and she's not 100% sure she wants to stay in accounting, i told her once you get a degree, do whatever the hell you want. I've done my job. Go be a princess at Disney for all I care go be happy. But that degree will allow her to earn a good living if she wants. 1 1 Link to comment Share on other sites More sharing options...
RaoulDuke79 Posted September 20, 2018 Share Posted September 20, 2018 I read this in college and found it pretty useful. It's one of a couple books that stand out and I can remember reading. 1 Link to comment Share on other sites More sharing options...
Buffalo_Gal Posted September 20, 2018 Share Posted September 20, 2018 He could do like my son did when he got his first masters and decided "I don't want to do that for the rest of my life" upon obtaining it - go back to school for another masters. (Thankfully, he he is finished with school now, and gainfully employed.) 1 Link to comment Share on other sites More sharing options...
row_33 Posted September 20, 2018 Share Posted September 20, 2018 1 hour ago, plenzmd1 said: I have preached this to my kids to the heavens..get your degree...and take off!!! Go be a bartender in Europe and travel all over for 12 months. Teach English as a Second language in Thailand and explore Asia Pac. IN other words GOOOOOOOOO!!!! I would be in the exact same spot as I am now wealth wise etc, most likely, had I done that..but I can never be 23 with no encumbrances ever again. And yes, I am dead freaking serious... Must be nice to be rich and do this you can't go to Europe on 75 cents a day anymore 1 Link to comment Share on other sites More sharing options...
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