ATAR Notes: Forum

Uni Stuff => Universities - Victoria => University of Melbourne => Topic started by: Noblesse on September 16, 2008, 06:45:26 pm

Title: Commerce Majors
Post by: Noblesse on September 16, 2008, 06:45:26 pm
So those who plan on going to BCom at UoM, what do you want to major in?
I personally want to major in Accounting and Finance but I have been considering Economics as well...can you do a third major? :P
Title: Re: Commerce Majors
Post by: AppleXY on September 16, 2008, 06:49:36 pm
lol, no I don't think you can do a 3rd major because you won't have enough space! lol

I originally desired to do Actuarial (and still might after 1st yr, but highly unlikely now); however due to my burning and overwhelming passion for finance (I love you Citi, I really do <3), I'm going to major in it.
Title: Re: Commerce Majors
Post by: Collin Li on September 16, 2008, 06:50:07 pm
You won't be able to fit in a third major, and hence I don't think you're allowed to.

I'm majoring in Economics and Finance.
Title: Re: Commerce Majors
Post by: AppleXY on September 16, 2008, 06:54:12 pm
Wha? Collin, I thought you were doing a BEng/BCom? How can you solely major in Com?

btw. Today has been a very sad day in the equities market. But oh well. :(
Title: Re: Commerce Majors
Post by: Noblesse on September 16, 2008, 06:55:30 pm
Ah darn, oh well Accounting and Finance it is then! For breadth I plan to do the law subjects available for my accounting accreditation thingo, does anyone know how many law subjects there are and therefore how many other breadth subjects I need to choose?
Title: Re: Commerce Majors
Post by: Collin Li on September 16, 2008, 06:55:47 pm
I'm doing three majors. I only told you the two majors I'm doing (and allowed) for BCom.

My other major is Chemical Engineering.
Title: Re: Commerce Majors
Post by: *Roxxii* on September 16, 2008, 06:56:18 pm
I wanna major in Accounting and Finance too :D weeeeee

And no, i don't think you can do a third major, there wont be enough room. I think you need like 3 third year subjects.

Umm...you could try this if your interested....

Major in Business
Students who prefer to take subjects from more than one field of study can do so by completing a business major. A business major consists of six level-3 subjects from three or more fields of study within the core program.

Title: Re: Commerce Majors
Post by: Collin Li on September 16, 2008, 06:56:51 pm
Ah darn, oh well Accounting and Finance it is then! For breadth I plan to do the law subjects available for my accounting accreditation thingo, does anyone know how many law subjects there are and therefore how many other breadth subjects I need to choose?

You'll be doing compulsory first year economics anyway, so you have lots of room, time and information to help you decide whether you'll change your majors around later down the track.
Title: Re: Commerce Majors
Post by: psychlaw on September 16, 2008, 06:58:33 pm
lol, no I don't think you can do a 3rd major because you won't have enough space! lol

I originally desired to do Actuarial (and still might after 1st yr, but highly unlikely now); however due to my burning and overwhelming passion for finance (I love you Citi, I really do <3), I'm going to major in it.
omg, you don't want to do actuarial anymore:o?
Title: Re: Commerce Majors
Post by: *Roxxii* on September 16, 2008, 06:59:14 pm
Ah darn, oh well Accounting and Finance it is then! For breadth I plan to do the law subjects available for my accounting accreditation thingo, does anyone know how many law subjects there are and therefore how many other breadth subjects I need to choose?

I'm pretty sure there is a sequence of 3 law subjects you have to do for accounting accreditation.

Year 1. Principles of Business Law
Year 2. Corporate Law
Year 3. Taxation Law

So yeah, 3 more breadth subjects you need to do :P
Title: Re: Commerce Majors
Post by: Noblesse on September 16, 2008, 07:08:58 pm
3 more eh? Well maybe I'll take up a language. Japanese sounds fun. I've always wanted to be able to interpret anime without subtitles :P
Title: Re: Commerce Majors
Post by: *Roxxii* on September 16, 2008, 07:10:17 pm
I'm thinking about doing a language too :)

Maybe chinese...so i might be able to bludge a little :D << well, at least for first year :P
Title: Re: Commerce Majors
Post by: transgression on September 16, 2008, 07:10:36 pm
Economics sounds interesting :D
Title: Re: Commerce Majors
Post by: psychlaw on September 16, 2008, 07:13:00 pm
What pays best out of economics, finance and accounting, at average wage
Title: Re: Commerce Majors
Post by: squance on September 16, 2008, 07:16:45 pm
Economics is hard :(
Finance was hard too...but more interesting...I was seriously considering doing a bachelor/masters of commerce majoring in finance (so I could go into investment banking or something because I heard they make lots of $$$) after engineering...
But commerce is too hard...for me....:(

What pays best out of economics, finance and accounting, at average wage

Finance pays the most i think.....especially if you have honours and if you go into investment banking
Title: Re: Commerce Majors
Post by: transgression on September 16, 2008, 07:18:46 pm
Is Finance high demand, high risk, but high return?
What about accounting and economics? 
Title: Re: Commerce Majors
Post by: psychlaw on September 16, 2008, 07:21:37 pm
especially if you have honours and if you go into investment banking
lol thats not very likely at all for an average finance student

which is why I said "on average" :P
Title: Re: Commerce Majors
Post by: psychlaw on September 16, 2008, 07:22:24 pm
yea, I'd also like to know what ilikeschool asked...
Whats more in demand, whats easier to get a career in... economics, finance or accounting

 :D come on business people, you chance to shine  :D
Title: Re: Commerce Majors
Post by: *Roxxii* on September 16, 2008, 07:22:38 pm
Is Finance high demand, high risk, but high return?
What about accounting and economics? 

I don't think finance is high demand, hence there is more competition for a job in finance. So yes, there *may* be a risk of being unemployed or employed but with a low salary. But yes, high return if you suceed :)

There is a high demand in accounting, so it would be the safest option out of the three. Salary starts of low-ish to average, but if you get further qualifications, such as CA, salary will increase.

I dont know much about economics, ask Collin :P
Title: Re: Commerce Majors
Post by: Collin Li on September 16, 2008, 07:23:16 pm
Is Finance high demand, high risk, but high return?
What about accounting and economics? 

Hahaha, I guess you could say that! Using finance theory to describe how higher return is required for higher risk (although, it's really just economic theory at the roots of this). ;)

btw. Today has been a very sad day in the equities market. But oh well. :(

There is never a sad day for economists, because this, in my eyes, is just self-correction of the markets. All of this malinvestment spurred by the central banks is finally coming back to crunch us in the arse, and it's going to hurt. The costly correction period of recessions, or maybe even a depression, is upon us. It means in the long-run we will have a more efficient marketplace. The bad firms get rooted out in these times.

Whats more in demand, whats easier to get a career in... economics, finance or accounting

Accounting is probably in the highest demand, but watch out, some economists are pushing to have the tax code simplified, and your jobs would get easier (hence possibly redundant or more competitive). :P
Title: Re: Commerce Majors
Post by: AppleXY on September 16, 2008, 07:47:48 pm
The highest paid are indeed in the Finance industry. To be specific, the Investment Banking Division. As far as I know, on average, Melbourne IBing graduates obtain $70,000. However, I have a friend who works at Citi, in the IBD and is compensated $85,000 - $90,000. :)\


And oh btw, it isn't all the Central banks fault. It was mainly caused by the poor decision making of banks for investing vast amounts of assets in subprime mortgages and heavily risky contracts/securities (such as Credit def. swaps) that caused this plunge.
Title: Re: Commerce Majors
Post by: Collin Li on September 16, 2008, 08:15:33 pm
And oh btw, it isn't all the Central banks fault. It was mainly caused by the poor decision making of banks for investing vast amounts of assets in subprime mortgages and heavily risky contracts/securities (such as Credit def. swaps) that caused this plunge.

An influx of credit from the central bank doesn't make banks want to do that?
Title: Re: Commerce Majors
Post by: brendan on September 16, 2008, 10:01:51 pm
What pays best out of economics, finance and accounting, at average wage

1. Finance
2. Accounting
3. Economics
Title: Re: Commerce Majors
Post by: brendan on September 16, 2008, 10:02:55 pm
Is Finance high demand, high risk, but high return?

If you have been reading the news, now is not a good time for finance grads.
Title: Re: Commerce Majors
Post by: brendan on September 16, 2008, 10:05:26 pm
yea, I'd also like to know what ilikeschool asked...
Whats more in demand, whats easier to get a career in... economics, finance or accounting

 :D come on business people, you chance to shine  :D

accounting by far.
Title: Re: Commerce Majors
Post by: AppleXY on September 16, 2008, 11:40:35 pm
Is Finance high demand, high risk, but high return?

If you have been reading the news, now is not a good time for finance grads.

Actually, not true. What if they are working in the divsions of risk management (especially credit risk) ;) ;) ;)
Title: Re: Commerce Majors
Post by: brendan on September 17, 2008, 12:13:23 am
Is Finance high demand, high risk, but high return?

If you have been reading the news, now is not a good time for finance grads.

Actually, not true. What if they are working in the divsions of risk management (especially credit risk) ;) ;) ;)

what like insurance...like AIG?
Title: Re: Commerce Majors
Post by: AppleXY on September 17, 2008, 09:47:47 pm
LOLOLOL. Nah man, I mean like credit risk in financial service institutions. :)
Title: Re: Commerce Majors
Post by: costargh on September 17, 2008, 09:56:26 pm
Why not in a thriving organisation like AIG? ;)
Title: Re: Commerce Majors
Post by: merlin on September 18, 2008, 12:35:07 pm
Quote
Quote from: psychlaw on September 16, 2008, 07:13:00 PM
What pays best out of economics, finance and accounting, at average wage

1. Finance
2. Accounting
3. Economics

uh-hum... I'd think management would pay better than any of them... or even more then all the above salaries combined! :D
Title: Re: Commerce Majors
Post by: excal on September 18, 2008, 01:28:00 pm
It depends.
Title: Re: Commerce Majors
Post by: merlin on September 19, 2008, 12:03:56 am
Yes that's what I meant
Title: Re: Commerce Majors
Post by: joechan521 on September 22, 2008, 09:05:21 pm
Is Finance high demand, high risk, but high return?

If you have been reading the news, now is not a good time for finance grads.

100% agree.
I'm considering of changing my Fin/eco major to Acc/fin major, i'm first year right now so i can do that.
My finance1 tutor had accepted a work offer from Lehman brothers which he intended to take after he graduate in a few months time... Bad luck for him
Title: Re: Commerce Majors
Post by: Collin Li on September 22, 2008, 11:09:56 pm
Why change from Economics to Accounting? If anything, this is an important time for economists. Such dire times call for a shake-up of the system.
Title: Re: Commerce Majors
Post by: AppleXY on September 22, 2008, 11:35:39 pm
More risk. BCom/BSc are great now. Both Accounting and Economics is vital for finance, but doing accounting is much better for finance students. Only because they are closely interrelated. (eg. analysing reports and creating future models)
Title: Re: Commerce Majors
Post by: brendan on September 23, 2008, 12:49:53 am
BCom/BSc are great now.

 :D
Title: Re: Commerce Majors
Post by: AppleXY on September 23, 2008, 09:45:02 am
BCom/BSc are great now.

 :D

:(
Title: Re: Commerce Majors
Post by: Fyrefly on September 23, 2008, 10:16:49 am
lol, no I don't think you can do a 3rd major because you won't have enough space! lol

I originally desired to do Actuarial (and still might after 1st yr, but highly unlikely now); however due to my burning and overwhelming passion for finance (I love you Citi, I really do <3), I'm going to major in it.
omg, you don't want to do actuarial anymore:o?


I know, I read that and was like WTF?!?!?

Prav has been SWAYED?

That's unpossible!!!
Title: Re: Commerce Majors
Post by: Fyrefly on September 23, 2008, 10:23:03 am

There's a shortage of accountants - good accountants, I mean.

VU keeps churning them out and they only get the crappy jobs.

I believe auditing pays v. well, but v. boring in my opinion.
Title: Re: Commerce Majors
Post by: joechan521 on September 23, 2008, 12:33:12 pm
Why change from Economics to Accounting? If anything, this is an important time for economists. Such dire times call for a shake-up of the system.
I'm focusing on finance and find that accounting goes with it better than economics. and if i was to continue for fin/eco i would be aiming for investment banks but you know how it is now.. And a person working in recruitment told me that accounting finds jobs much easier.  Not sure if its better if i do honours in fin/or eco.  Even tho i like economics much more than accounting, o well i still have till next year to decide.
Title: Re: Commerce Majors
Post by: lacoste on September 23, 2008, 07:25:52 pm
More risk. BCom/BSc are great now. Both Accounting and Economics is vital for finance, but doing accounting is much better for finance students. Only because they are closely interrelated. (eg. analysing reports and creating future models)

BSc? science??

what kinds of careers could you obtain from BCom/BSc or LLB/BSc???
Title: Re: Commerce Majors
Post by: AppleXY on September 23, 2008, 08:45:56 pm
- Quant
- Credit/Market Risk
- FICC (Fixed Income Commodities and Currencies)

And so much more that attracts significant $$$ (providing if it's front desk)
Title: Re: Commerce Majors
Post by: brendan on September 23, 2008, 08:59:16 pm
More risk. BCom/BSc are great now. Both Accounting and Economics is vital for finance, but doing accounting is much better for finance students. Only because they are closely interrelated. (eg. analysing reports and creating future models)

BSc? science??

what kinds of careers could you obtain from BCom/BSc or LLB/BSc???


Obviously from an LLB you can enter the legal profession: http://vcenotes.com/forum/index.php/topic,1585.0.html

With a BCom you can do a lot of things: http://www.vault.com/hubs/industrylist.jsp

With a BSc though, at least for mathematics: http://www.ms.unimelb.edu.au/~mscareer/
Title: Re: Commerce Majors
Post by: brendan on September 23, 2008, 08:59:47 pm
BCom/BSc are great now.

 :D

:(

no breadth too!
Title: Re: Commerce Majors
Post by: lacoste on September 23, 2008, 09:43:59 pm


Obviously from an LLB you can enter the legal profession: http://vcenotes.com/forum/index.php/topic,1585.0.html

With a BCom you can do a lot of things: http://www.vault.com/hubs/industrylist.jsp

With a BSc though, at least for mathematics: http://www.ms.unimelb.edu.au/~mscareer/


i meant with them combined!!!!!!
Title: Re: Commerce Majors
Post by: brendan on September 23, 2008, 10:27:40 pm


Obviously from an LLB you can enter the legal profession: http://vcenotes.com/forum/index.php/topic,1585.0.html

With a BCom you can do a lot of things: http://www.vault.com/hubs/industrylist.jsp

With a BSc though, at least for mathematics: http://www.ms.unimelb.edu.au/~mscareer/


i meant with them combined!!!!!!

Then you'd have your pick from both lists?
Title: Re: Commerce Majors
Post by: Noblesse on October 21, 2008, 07:57:18 pm
Ok, I think this may be a bug in the system but please correct me if I'm wrong :)
I went to "Find breadth subjects for your course" on the UoM website.
https://app.portal.unimelb.edu.au/CSCApplication/faces/htdocs/user/breadth/BreadthSearch.jsp
And selected "BCom" as my course and then searched for all available subject areas.

But my search results showed 101 subjects available for Breadth for Commerce, economics and management. This is an error right? Are you only supposed to be able to do breadth from subjects outside your area?

Title: Re: Commerce Majors
Post by: squance on October 22, 2008, 12:32:14 pm
Ok, I think this may be a bug in the system but please correct me if I'm wrong :)
I went to "Find breadth subjects for your course" on the UoM website.
https://app.portal.unimelb.edu.au/CSCApplication/faces/htdocs/user/breadth/BreadthSearch.jsp
And selected "BCom" as my course and then searched for all available subject areas.

But my search results showed 101 subjects available for Breadth for Commerce, economics and management. This is an error right? Are you only supposed to be able to do breadth from subjects outside your area?



Yes I believe this is an error....unless they decided to change the requirements of which i highly doubt.
It happened to be as well when I searching for breadth i could do for Engineeering (selecting Bachelor of Science on the list because they didn't have bach of engineering on it) and it the results had a bunch of science subjects as well.
Title: Re: Commerce Majors
Post by: Noblesse on October 22, 2008, 02:53:37 pm
Ok, I think this may be a bug in the system but please correct me if I'm wrong :)
I went to "Find breadth subjects for your course" on the UoM website.
https://app.portal.unimelb.edu.au/CSCApplication/faces/htdocs/user/breadth/BreadthSearch.jsp
And selected "BCom" as my course and then searched for all available subject areas.

But my search results showed 101 subjects available for Breadth for Commerce, economics and management. This is an error right? Are you only supposed to be able to do breadth from subjects outside your area?



Yes I believe this is an error....unless they decided to change the requirements of which i highly doubt.
It happened to be as well when I searching for breadth i could do for Engineeering (selecting Bachelor of Science on the list because they didn't have bach of engineering on it) and it the results had a bunch of science subjects as well.

Thanks squance :D Good to know I'm not the only one with the error
Title: Re: Commerce Majors
Post by: Collin Li on October 22, 2008, 05:01:01 pm
Seems to be fixed now. I'm getting no results under "commerce, economics and management"
Title: Re: Commerce Majors
Post by: Noblesse on October 22, 2008, 05:36:54 pm
Seems to be fixed now. I'm getting no results under "commerce, economics and management"

Thanks Coblin :) It's working for me as well.