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Best undergraduate majors for law school

As you select your undergraduate major with the intent to apply to law school in the future, these are some of the leading majors to consider.
History. ...
Business. ...
English. ...
Philosophy. ...
Political Science. ...
Economics. ...
Arts and Humanities. ...
Psychology.

What should I major in to become a lawyer?
Learn more about the majors below:
Corrections.
Criminal Justice.
Criminology.
Forensic Science.
Law Enforcement Administration.
Legal Studies.
Paralegal Studies.
Police Science.

Is Psychology a good major for law school?
Admission to law school requires no specific major and no specific prerequisite courses. Psychology is one of many undergraduate majors chosen by pre-law students. ... Many other psychology courses are beneficial to those who hope to engage in the study and practice of law.

Is Criminology a good major for law school?
Law schools generally do not care what your undergraduate major was. They care about grades. Work hard and graduate with the highest GPA you can muster. ... I believe that is because these close to law majors (e.g., prelaw and criminology) think they understand the law better, so they don't work as hard in law school.

Is Econ a good major for law school?
Economics is a good choice for pre-law students for several reasons: ... Economics majors performed better on the Law School Admission Test than students majoring in political science, history, psychology, finance, and accounting.

What is the best major for lawyers?
Top 10 Best Pre-law Majors (see also: what did most law school students major in?)
Political Science - 9,612 admitted. ...
Other - 2,917 admitted. ...
Psychology - 2,960 admitted. ...
Criminal Justice - 2,220 admitted. ...
English - 2,564 admitted. ...
History - 2,657 admitted. ...
Economics - 2,373 admitted. ...
Philosophy - 1,858 admitted.

What degree do most lawyers have?
Becoming a lawyer usually takes 7 years of full-time study after high school—4 years of undergraduate study, followed by 3 years of law school. Most states and jurisdictions require lawyers to complete a Juris Doctor (J.D.) degree from a law school accredited by the American Bar Association (ABA).Oct 10, 2018

Is political science a good major for law school?
There are two good reasons to major in Political Science if you are serious about law school. ... However, it is not essential to major in Political Science in order to get into law school. Law schools are more interested in your grades and LSAT scores than in your major.

Is accounting a good pre law major?
With that in mind, certain majors do seem somewhat common among pre-law students including Political Science, History, Philosophy and Business. ... A: An accounting degree is really a good background for almost any type of law practice.

What are good pre law majors?

While prelaw and criminal justice were two of six majors that averaged less than 150 on the exam, some of the ones which did better (with at least 1,000 students in those majors) were marketing, sociology, accounting, liberal arts, finance, journalism, English, history, engineering, philosophy and economics.

Can you major in political science and become a lawyer?
Many lawyers majored in Political Science in their undergraduate years, because the major provided them with an ample understanding of the way law and government systems function in the United States. But post-graduation, the path to becoming a lawyer is far from over.

What major is pre law?
In 2001, the five most common majors of students entering law school were political science, history, English, psychology, and criminal justice. The five majors with the highest acceptance rates were physics, philosophy, biology, chemistry, and government service.

Is Linguistics a good major for law school?
Law school applicants from certain difficult liberal arts disciplines like mathematics and linguistics tend to achieve stellar LSAT scores and are accepted to law school at a much higher rate than the bulk of their peers with preprofessional majors, where average LSAT scores are lower, according to Law School Admission ...Dec 14, 2017

What bachelors degree do you need to be a lawyer?
Most law schools require a bachelor's degree, and those are the law schools that provide the Juris Doctor degree needed to take a state's bar exam and receive a license to practice law. However, law schools do not require a specific major, such as prelaw, for admission

Find More Best undergraduate majors for law school
May 25, 2019

FAQ Best college degrees for employment

Following are the top majors for finding a job after graduation:
Nursing. ...
Electrical Engineering. ...
Accounting. ...
Chemical Engineering. ...
Finance. ...
Biomedical Engineering. ...
Human Resources. ...
Actuarial Science.

What college degree has the most job opportunities?
Here is NACE's list of academic majors, showing the percentage of student applicants who had at least one job offer by the time they graduated:
Computer Science: 68.7%
Economics: 61.5%
Accounting: 61.2%
Engineering: 59%
Business Administration: 54.3%
Sociology/Social Work: 42.5%
Mathematics/Statistics: 40.3%

What majors are most in demand?
The Most In-Demand Degrees in 2019
Computer science—61 percent.
Engineering—58 percent.
Business—57 percent.
Communications (including public relations and advertising)—52 percent.
Arts, humanities, and liberal arts—47 percent.
Science—45 percent.
Data analytics—45 percent.
Education—39 percent.

What are the best majors for the future?
These best 10 college majors for the future hold promising career paths for students of today.
Physical Therapy.
Nursing. ...
Construction Management. ...
Electrical Engineering. ...
Medical Technology. ...
Medical Assistance. ...
Chemical Engineering. ...
Computer Information Systems. ...

What are good jobs to major in?
Top Ten Best College Majors for Jobs
Computer Science.
Marketing.
Nursing.
Electrical Engineering.
Accounting.
Chemical Engineering.
Finance.
Biomedical Engineering.

What jobs will be in demand in 2020?

The following examples represent several existing jobs that may be top careers for the future.
Solar Energy Technician. ...
Wind Energy Technician. ...
Nurse Practitioner. ...
Software Developer. ...
Physical Therapist. ...
Registered Nurse (RN) ...
Health Services Manager. ...
Data Analyst.

What jobs will be in demand in 2022?
These 12 Jobs Will Grow 30% by 2024
Home Health Aide.
Nurse Practitioner.
Occupational Therapy Aide.
Occupational Therapy Assistant.
Operations Research Analyst.
Personal Financial Advisor.
Physical Therapy Aide.
Physical Therapy Assistant.

What's the easiest degree that makes the most money?
…make sure to learn it our next FREE live webinar by clicking here!
Medical/Health Majors. PayScale estimates the average salary of a Radiologist to be around $290K a year. ...
Engineering. ...
Computers, Statistics, and Mathematics Majors. ...
Architecture. ...
Business. ...
Social Sciences.

What majors are worth it?
With those factors in mind, here are five degrees that are generally worth the money spent earning them.
Engineering. Engineering is one of the top-paying careers available today. ...
Computer Science. ...
Math & Sciences. ...
Economics. ...
Communications.

Find More Best college degrees for employment
May 25, 2019

FAQ Highest paying majors

The 15 Highest-Paying Majors Overall
Mechanical engineering. ...
Computer engineering. ...
Geological and geophysical engineering. ...
Computer science. ...
Civil engineering. ...
Applied mathematics. ...
Industrial and manufacturing engineering. ...
Physics.

What is the highest paying degree to get?
The Highest-Paying Bachelor's Degrees
Chief Executives. ...
Computer and Information Systems Managers. ...
Architectural and Engineering Managers. ...
Marketing Managers. ...
Petroleum Engineers. ...
Airline Pilots, Copilots, and Flight Engineers. ...
Financial Managers. ...
Natural Sciences Managers.

What Major has the highest salary?

The 10 highest-paying college majors
Petroleum engineering. Early career salary: $94,600.
Actuarial mathematics. Early career salary: $56,400. ...
Actuarial science. Early career salary: $61,200. ...
Nuclear engineering. Early career salary: $69,000. ...
Chemical engineering. Early career salary: $70,300. ...
Marine engineering. ...
Economics and mathematics. ...
Geophysics. ...

What business major makes the most money?
The 15 highest-paying jobs for business majors
Chief financial officer (CFO)
Chief credit officer. ...
Director of accounting and financial reporting. ...
Stock plan administration manager. ...
Regional controller. ...
Bank examiner. ...
Finance director. ...
Budget director. ...

Which Majors are in Most Demand?
Accounting.
Business Administration/Management.
Computer Science.
Electrical Engineering.
Mechanical Engineering.
Information Sciences and Systems.
Marketing/Marketing Management.
Computer Engineering.

What is the best college major right now?
The 10 Best College Majors For The Future
Physical Therapy.
Nursing. ...
Construction Management. ...
Electrical Engineering. ...
Medical Technology. ...
Medical Assistance. ...
Chemical Engineering. The field of engineering is in the limelight at present. ...
Computer Information Systems. Computer majors are gaining in popularity and employment potential as well. ...

What majors are worth it?
With those factors in mind, here are five degrees that are generally worth the money spent earning them.
Engineering. Engineering is one of the top-paying careers available today. ...
Computer Science. ...
Math & Sciences. ...
Economics. ...
Communications.

Do math majors make good money?
According to the DOE survey, engineering and engineering technology was the highest paying degree, with an average annual salary of $73,700. Here are the average salaries for STEM majors and non-STEM majors, as well as a breakdown of how much students with specific degrees earn: STEM major (overall) — $65,000.Jul 9, 2014

What's the best bachelor's degree to get?
25 Highest Paying Careers for College Graduates
Petroleum Engineering. Average Salary: $102,300 to $176,300. ...
Actuarial Mathematics. Average Salary: $60,800 to $119,600. ...
Nuclear Engineering. Average Salary: $67,000 to $118,000. ...
Chemical Engineering. ...
Electronics and Communications Engineering. ...
Computer Science Engineer. ...
Aerospace Engineer. ...
Electrical Engineer.

What is the most popular college major?
Top Ten Most Popular Majors
Biology. Ecology and genetics are just two major career fields that regularly court graduates of this major. ...
Business Administration. ...
Communications. ...
Computer Science. ...
Criminal Justice. ...
Elementary Education. ...
Marketing. ...
Nursing.

Which major is best?
10 College Majors With the Best Starting Salaries
Materials Engineering. ...
Systems Engineering. ...
Aerospace & Aeronautical Engineering. ...
Electrical Engineering. ...
Computer Engineering. ...
Chemical Engineering. ...
Nuclear Engineering. Median starting salary: $73,267. ...
Petroleum Engineering. Median starting salary: $97,689

Find More Highest paying majors
May 25, 2019

There’s Enough Math in Finance Already. What’s Missing is Imagination.

For some of us, it was Spock. For others, a humiliating performance as a pilgrim in the kindergarten musical.  For me, it was William Blake’s relentless (and beautiful) attacks on Reason. But everyone at some point encounters – and many of us swallow – the dangerous notion that creativity and calculation are irreconcilable enemies.

This perspective lives at the very heart of our school curricula from first grade through graduate school, as our talents are identified and we, complicit in the scheme, label ourselves ‘artistic’ or ‘sporty’ or ‘scientific.’ No doubt there are real, epigenetic differences in the way people think and see the world, but in epigenesis lies the key: Nature gives us talents, but nurture determines how we use them, and how mono or multidimensional our minds become.

Like many quants – the mathematicians whose equations shape high-stakes decision making on Wall Street – Emanuel Derman arrived on Wall Street with little knowledge of economic theory. Unlike many of his colleagues, though, he had a background in theoretical physics, a field in which imagination and mathematics are happy bedfellows. From 1990-2000, Derman led Goldman Sachs’ Quantitative Strategies group, presiding over the rise of mathematical modeling as the engine driving financial betting on Wall Street.

The nearly insurmountable challenge of mathematical modeling in finance, says Derman, author of the forthcoming Models.Behaving.Badly., is that you are trying to predict the future based the behavior of highly erratic variables – i.e. people. To forecast human behavior with some reasonable degree of accuracy, mathematical models need highly imaginative designers with a profound grasp of human psychology – oracles who can foresee shifts in the global financial landscape and predict people’s reactions to them. Such designers are rare indeed, if they exist at all.

Still, like weather forecasts, the best mathematical models can help us to make better decisions, so long as we keep in mind that their predictive power depends upon the creative vision of the people who designed them, and that it is always vulnerable to refutation by developments in the real world. In other words, so long as we control the tools, not the other way around.

What's the Significance?

Faulty financial models, and Wall Street's overreliance on them, certainly played a role in the collapse of 1998, whose ongoing repercussions are manifest in the demonstrations going on right now in New York City and nationwide. And there are other massive, underlying issues – greed, unequal distribution of opportunity – that bear significant responsibility and intense scrutiny, of course. But math is not to blame – it is a tool, like science, that when guided by imagination and human understanding can expand the scope of our vision. It can help us to peer, however dimly, into the future.

Math’s not to blame, but a religious reverence for mathematical objectivity might be. We are susceptible to a modern-day form of idol worship whereby the sophistication of our technology and data-crunching power sometimes dazzles us into forgetting that these are human creations, designed by people, for people. And when they are applied to human problems, we cannot afford to treat them as perfect, alien entities whose wisdom exceeds our own.

As the early Internet pioneer Jaron Lanier points out in his digital-age cautionary manifesto You Are Not a Gadget, “Software expresses ideas about everything from the nature of a musical note to the nature of personhood. Software is also subject to an exceptionally rigid process of “lock-in.”* Therefore, ideas (in the present era, when human affairs are increasingly software-driven) have become more subject to lock-in than in previous eras.”

If digitized ideas are uniquely vulnerable to lock-in, we need to be exceedingly careful and creative in crafting them. For example, the government-driven “school reform movement” that has swept public education nationwide since 2001’s No Child Left Behind Act, seeks to transform learning based on data-collection from standardized tests, themselves a highly imperfect model of learning. In many cases, school systems rely on data from these tests to make hiring and instructional decisions, to a degree entirely unwarranted by the tests’ current level of sophistication. The clarion call of this movement is the demand for “objective” learning. That’s what the tests are supposedly designed to measure. But learners aren’t really objective. Nor is thinking, which is what, in the end, schools are supposed to teach.

Computers, databases, and other models of reality aren’t going anywhere – the technology will continue to become more sophisticated and its role in our lives will continue to deepen. Now, therefore, is the time for us to recognize where machines can meet our needs and where they cannot – and to design them for human use rather than seeking to adapt ourselves to their shortcomings.

*The process whereby an idea or a model becomes the basis for subsequent development, so that its flaws cannot be remedied without dismantling the entire system that is built upon it.



July 11, 2020

FAQ Best colleges in the us

Below 25 Best College in the US

Massachusetts Institute of Technology
#1 Best Colleges in America
Graduate Student: Massachusetts Institute of Technology is a fantastic school that offers students an opportunity to explore anything. The staff is second to none and always encourage students to challenge themselves in whatever it is they are passionate about. Walking down the halls, you feel the energy and passion from students. The students at Massachusetts Institute of Technology live and breathe Science, Technology, Engineering and Mathematics. Everyone on campus is there to make the world a better place and that is what makes MIT so special. Everyone is highly intelligent and capable, but it’s the common desire to give back that makes the campus.

Stanford University
#2 Best Colleges in America
Alum: The campus is beautiful to start and provides many beautiful areas for studying or hanging out with friends. The campus is full of amazing resources including the libraries and professors. The academics are definitely challenging, but worth it. Go Card!

Harvard University
#3 Best Colleges in America
Freshman: I just finished my first year at Harvard. I had a rocky transition at first, but I am really loving it! The professors and TFs I have had are all really friendly and accessible, and there is an endless list of classes that I want to take. Conversations with peers are really thought-provoking and deep. You can find so many great communities through different activities, and there are so many great people on campus. Even as a freshman, I have been offered so many unique opportunities that I know come from Harvard's resources. I never thought it could, but Harvard has really become my home this year.

Yale University
#4 Best Colleges in America
Niche User: I really like the online courses from Yale University, you can choose btw a lot of different subjects and get smarter.
And the proffessors are amazing!
This university changed me a lot. Not only do I feel like an expert in my area of study, but I have been taught to write and speak in a much more compelling way than ever before. The university is very conducive to fostering strong friendships among undergrads. I have close networks of friends that I could not have formed elsewhere

Princeton University
#5 Best Colleges in America
Junior: There are great courses offered, and the people coming together here bring a variety of fresh ideas. There are many opportunities to learn valuable and world-changing skills and knowledge. Although there are also mechanisms at play that pull students into archaic ways of thinking, unfulfilling lifestyles, and professions that have a net neutral or negative impact on society. I'd also like to see greater diversity among the faculty and greater embodiment of diversity among the students. It's time for pluralism! Active expression and communal valuing of diversity - not diversity that is only quietly present and not honored for its value.

University of Pennsylvania
#6 Best Colleges in America
Senior: I truly love the University of Pennsylvania. I had an amazing time here and look forward to getting my graduate degree here next year. The highly professional environment and competitive atmosphere pushes students to reach their highest potential and grow beyond it. Penn also encourages students to have balanced social lives, and provides the students with the necessary resources to have their interests be represented within campus and in student groups. However, I must admit that Penn's hyper-competitive environment does have drawbacks, especially on students' mental health. I think Penn could tackle this by changing their grading scheme, especially for underclassmen.

Columbia University
#7 Best Colleges in America
Niche User: I visited Columbia at the end of March with a group and loved the vibe of the campus. Although I want to be as close as I can to or in the city, my ideal college campus needs look like a university setting. NYU, on the other hand, is right in the middle of the city and sometimes you can't tell where the buildings are without the NYU flags. I liked Columbia much better in that sense and I personally do not need to vouch for the education standard because we all know an ideal place to go for an intelligent, hard working student. Walking around the main area made me feel like I belonged there!

Duke University
#8 Best Colleges in America
Freshman: Choosing to go to Duke has been one of the best decisions I've ever made. Its campus is BEAUTIFUL; we have lush gardens and there are so many birds here, from towhees to even the occasional hawk. The opportunities here to get involved are almost overwhelming. We have this program called DukeEngage where students go to all parts of the world to work with communities through research and volunteer work. I will actually be going to Costa Rica this summer to help in rainforest restoratuon and conservation through this program!But what I truly love most about this school is its students. The atmosphere here is not competitive but collaborative. I came to Duke feeling insecure about my qualifications compared to those of the other incoming freshman. But never once did I feel belittled or patronized. Students here want each other to succeed, we want to see each other grow and challenge ourselves to improve. Here at Duke, 'Southern Hospitality' is the real deal!

Brown University
#9 Best Colleges in America
Junior: Brown University has been an incredible experience and has allowed me to pursue passions that I wasn't even aware I was interested in! The unique open curriculum allows students to take courses from a broad range of subjects and helps to ensure they find the right area of study. I personally believed I wanted to go into biomedical engineering, however, after taking a variety of classes at Brown in environmental studies, I have switched my major. Every teacher, student, and dean is so incredibly passionate about the work and everyone is constantly striving to be better which makes the University an amazing place and experience!

California Institute of Technology
#10 Best Colleges in America
Alum: Caltech is a very work hard play hard mentality. Academically, it has the most rigorous and intense coursework I've ever experienced. Alumni agree that any job after graduation pales in comparison to the Caltech workload. The professors are amazingly competent, and it's treated as no big deal to take a course taught by a Nobel-prize winner. I would say the classes are very theoretical with an emphasis on proofs, so it's not very industry-oriented (unless you study computer programming). Socially, although there's no Greek life, all students are sorted into one of eight dorm houses, which are essentially fraternities. There are parties, you just need to know where to look for them. The food is terrible, eating out or cooking your own is both cheaper and tastier. The dorms are old, but no major issues. Caltech isn't perfect, but it'll challenge you academically and get you a good job after graduation.

Washington University in St. Louis
#11 Best Colleges in America
Niche User: This school defines that you can not put a price on the education you receive. Every student is driven, focused, and goal oriented, so the competitive environment pushes you just as hard as the professors! The campus is extremely safe and beautiful and the research opportunities you receive are unlike any other!

Rice University
#12 Best Colleges in America
Niche User: I love the community atmosphere. Everyone works together to expand on similar desires. Rice as a whole is a college that fuels specific passions! As a person living with a low-income, Rice is determined to help give me FULL FREE tuition to attend their campus because they see my potential. Rice is very specific in it's majors, and the one thing that may be open for improvement is the expansion of their courses to incorporate and be strong in all degree fields.

University of Notre Dame
#13 Best Colleges in America
Freshman: I love Notre Dame! It's a beautiful place, inside and out. We've got all sorts of clubs, students and academic interests. Personally, I am very pleased with the Mass and Sacrament availability as well as all the Catholic-related activities. Of course, not everybody is Christian; Notre Dame is a home for all. I've already found some solid friends with whom I enjoy spending these cold (and warm) Indiana days. ND meets 100% of financial need; this assistance extends beyond tuition and has allowed me to get the full Notre Dame Experience. Everyone here is passionate about something, and one passion we all share is a love for Notre Dame, Our Mother. Go Irish!

Northwestern University
#14 Best Colleges in America
Alum: Northwestern is a well-balanced school--top notch academics, great arts programs, amazing engineering and science facilities, in a minor city (Evanston) and very close to a major one (Chicago), and even a bit of sports culture. NU students tend to be fun-loving, driven and ambitious, both in their academic and extra-curricular pursuits. It's definitely a work-hard-play-hard atmosphere when you're on campus, and while there is danger in this as you can easily over-extend yourself (and many students do at some point), it makes for a fulfilling four years.

University of Chicago
#15 Best Colleges in America
Alum: It's nice to see that the University has increased campus diversity of financial aid resources for families that will make the campus more diverse in terms of student backgrounds. I enjoyed my time in college housing a lot! Get involved with your house - go on house trips, play intramural sports, take on a leadership position. If you need something - speak up and ask for it! You really can have a say in your university. Don't be shy to speak up and ask questions. The University can only continue to improve with that kind of input.

Pomona College
#16 Best Colleges in America
Sophomore: I'm only a sophomore, but I've gotten involved with research for all four semesters, received internship funding, had expenses for two conferences paid for, was actively involved in an award winning Mock Trial without any experience, and learned how to play the violin through free private music lessons. I've also been able to go to Los Angeles often for endless entertainment, natural beauty, and incredible eats. This place may be tiny, but it is bustling with opportunity. The academic experience is robust, with professors who love to teach and peers who love to learn. The Claremont Colleges add so much depth, and each is distinctive enough to venture out to and seek out new perspective. I had my choice of attending a world-renowned university over here, but I could see the difference in how the undergraduates were valued. The only thing I wish were different was the lack of name brand- Pomona is so unknown by most! Still, if you are willing to work hard, you can go anywhere from here.

Bowdoin College
#17 Best Colleges in America
Freshman: So glad I chose to come to Bowdoin! A very close community where people treat each other with kindness and are excited to learn from their peers. Quality of life is great, with great dorms, food and surrounding area. Classes are challenging but there is very little competitiveness and lots of support for students academically. For a small liberal arts school, there is a very healthy and fun social life.

Vanderbilt University
#18 Best Colleges in America
Sophomore: What I love about Vanderbilt is the commitment to creating a meaningful & memorable experience. Ever since stepping foot on campus - when I was met by my freshman Head of House and the Move Crew - I've been supported and welcomed. I've been encouraged to pursue my interests in and outside of the classroom and attended countless events.

Sometimes it feels like there are too many things to get involved in, especially with the weight of academics on our shoulders, but not everyone experiences this the same way. One of my favorite things is the identity centers like the Women's Center, Black Cultural Center and KC Potter (LGBTQ) Center who provide students with fun and informative programming and the comforts of home. Plus, can you ever go wrong living at an arboretum?
I mean this honestly (but always a little ironically), Anchor Down!

Dartmouth College
#19 Best Colleges in America
Freshman: Dartmouth is simply wonderful. It has such a wonderfully cozy and collaborative atmosphere, which combined with the unparalleled focus on undergraduate students makes it the best college there is. The only thing people should be aware of is that there will be a large number of wealthy students, so be prepared to face some new socioeconomic diversity. Overall, it is such a safe and fun college set in a beautiful part of the country!

University of Southern California
#20 Best Colleges in America
Freshman: Coming to USC was one of the greatest decisions of my life! I'm a first-gen, low income minority coming from Texas who had never visited California before, so you can guess just how big of a difference California was from Texas. I thought I was going to feel overwhelmed and flunk out, but I didn't! In fact, I'm thriving here. The university is very beautiful, the brick and gothic sorta architecture is very pretty and really relaxing. There are so many opportunities and a lot of different majors, so I'm sure you will find what you are looking for. There are a lot of different activities to join, so you will definitely find your group of friends as long you get involved!

Cornell University
#21 Best Colleges in America
Freshman: Prepare to work hard - especially if you're in STEM. As an engineering major my life here is a never ending cycle of attending classes, working in lab, engineering project team related work, doing homework and crashing/going to bed at 1-2AM. It may seem rough to the outsider but if you're coming from a challenging high school (as I did) its a relatively seamless transition and I am infinitely happier here at Cornell! There is constantly something new happening from the range of amazing speakers visiting, cool things your classmates are creating/doing, Ithaca's quirky charm, your eccentric professors , etc... I came here expecting the competition to be intense and thank goodness its not ; there's a sense of general comradery amongst engineers. The motto 'any person, any study' is really true. They have just about every major allowing allotting the opportunity to study a great variety of fields. Fair warning about Ithaca; it gets REALLY cold! Invest in a warm coat!

Georgetown University
#22 Best Colleges in America
Junior: Georgetown University is an incredible university with top-notch professors and academic programs. Professors DO seem preoccupied with their research, but most genuinely care about students. Perhaps the most difficult aspect of the university is connected to how pre-professional it is. This can translated to club culture. People are more focused on getting jobs after graduation than most other schools. This is connected to Georgetown's return on investment, however. Well worth coming!

University of Michigan - Ann Arbor
#23 Best Colleges in America
Freshman: From amazing academics to contagious school spirit, I have loved my first year at Michigan. The universe exceeded all of my expectations. Everyone student is motivated to do their best. This is not only in a classroom setting, but it is in every aspect of their lives. I am pushed by all my peers to try my hardest. Although a large school, the administration truly cares about every student, and there are countless numbers of resources available to help with anything one may need. The social aspect of school is amazing. There are so many different types of people, clubs, and parties, so everyone can find something they like. GO BLUE!

Amherst College
#24 Best Colleges in America
Sophomore: Amherst is simply an amazing institution. The student body here is top notch academically, yet friendly, not cutthroat. The professors are genuinely available, almost 24/7, and have an interest in seeing their students succeed. Make no mistake, the academic environment is rigorous - for the most part the student body is made of of academic "1%-ers," and the pace and expectation is what you'd expect from that.
The town of Amherst is a quintessential beautiful Northeastern college town.
People are super successful coming out of Amherst. The acceptances to top medical, law and other graduate schools each year is mind-blowing. Same with people going into finance/Wall Street.
All in all, Amherst is a magical place to spend 4 years!

Tufts University
#25 Best Colleges in America
Freshman: As a freshman at Tufts, I am constantly blown alway by endless opportunities available to undergraduate students at various academic departments, student-run organizations, and Tisch College of Civic Engagement. Students are here to learn from a wide range of perspectives and always listen carefully to one another to reexamine their thoughts. Even in today's political divisiveness, I find Tufts students relatively open-minded and tolerant to perspectives and thoughts that might be contrary to their own. Furthermore, as a student who plans on majoring in International Relations, I am always struck by how organized the program is here at Tufts. Professors and students are experts in their field, and I can easily see future diplomats and leading scholars in my classroom. There are conferences at the Fletcher school almost every week where leading scholars and researchers come and speak. I love Tufts!

Find More Best colleges in the us
May 26, 2019

How did Warren Buffett get started in business?

By BRENT RADCLIFFE.
Warren Buffett may have been born with business in his blood. He purchased his first stock when he was 11 years old and worked in his family’s grocery store in Omaha.
His father, Howard Buffett, owned a small brokerage, and Warren would spend his days watching what investors were doing and listening to what they said. As a teenager, he took odd jobs, from washing cars to delivering newspapers, using his savings to purchase several pinball machines that he placed in local businesses.

His entrepreneurial successes as a youth did not immediately translate into a desire to attend college. His father pressed him to continue his education, with Buffett reluctantly agreeing to attend the University of Pennsylvania. He then transferred to the University of Nebraska, where he graduated with a degree in business in three years.

After being rejected by the Harvard Business School, he enrolled in graduate studies at Columbia Business School. While there, he studied under Benjamin Graham – who became a lifelong friend – and David Dodd, both well-known securities analysts. It was through Graham's class in securities analysis that Buffett learned the fundamentals of value investing. He once stated in an interview that Graham's book, The Intelligent Investor, had changed his life and set him on the path of professional analysis to the investment markets. Along with Security Analysis, co-written by Graham and Dodd it provided him the proper intellectual framework and a road map for investing.

Benjamin Graham and The Intelligent Investor.
Graham is often called the "Dean of Wall Street" and the father of value investing, as one of the most important early proponents of financial security analysis. He championed the idea that the investor should look at the market as though it were an actual entity and potential business partner – Graham called this entity "Mr. Market" – that sometimes asks for too much or too little money to be bought out.

It would be difficult to summarize all of Graham's theories in full. At its core, value investing is about identifying stocks that have been undervalued by the majority of stock market participants. He believed that stock prices were frequently wrong due to irrational and excessive price fluctuations (both upside and downside). Intelligent investors, said Graham, need to be firm in their principles and not follow the crowd.
Graham wrote The Intelligent Investor in 1949 as a guide for the common investor. The book championed the idea of buying low-risk securities in a highly diversified, mathematical way. Graham favored fundamental analysis, capitalizing on the difference between a stock's purchase price and its intrinsic value.

Entering the Investment Field.
Before working for Benjamin Graham, Warren had been an investment salesman – a job that he liked doing, except when the stocks he suggested dropped in value and lost money for his clients. To minimize the potential of having irate clients, Warren started a partnership with his close friends and family. The partnership had unique restrictions attached to it. Warren himself would invest only $100 and, through re-invested management fees, would grow his stake in the partnership. Warren would take half of the partnership’s gains over 4% and would repay the partnership a quarter of any loss incurred. Furthermore, money could only be added or withdrawn from the partnership on December 31st, and partners would have no input about the investments in the partnership.

By 1959, Warren had opened a total of seven partnerships and had a 9.5% stake in more than a million dollars of partnership assets. Three years later by the time he was 30, Warren was a millionaire and merged all of his partnerships into a single entity.
It was at this point that Buffett’s sights turned to directly investing in businesses. He made a $1 million investment in a windmill manufacturing company, and the next year in a bottling company. Buffett used the value-investing techniques he learned in school, as well as his knack for understanding the general business environment, to find bargains on the stock market.

Buying Berkshire Hathaway.
In 1962, Warren saw an opportunity to invest in a New England textile company called Berkshire Hathaway and bought some of its stock. Warren began to aggressively buy shares after a dispute with its management convinced him that the company needed a change in leadership..  Ironically, the purchase of Berkshire Hathaway is one of Warren’s major regrets.
Understanding the beauty of owning insurance companies – clients pay premiums today to possibly receive payments decades later – Warren used Berkshire Hathaway as a holding company to buy National Indemnity Company (the first of many insurance companies he would buy) and used its substantial cash flow to finance further acquisitions.

As a value investor, Warren is a sort of jack-of-all-trades when it comes to industry knowledge. Berkshire Hathaway is a great example. Buffett saw a company that was cheap and bought it, regardless of the fact that he wasn’t an expert in textile manufacturing. Gradually, Buffett shifted Berkshire’s focus away from its traditional endeavors, instead using it as a holding company to invest in other businesses. Over the decades, Warren has bought, held and sold companies in a variety of different industries.

Some of Berkshire Hathaway’s most well-known subsidiaries include, but are not limited to, GEICO (yes, that little Gecko belongs to Warren Buffett), Dairy Queen, NetJets, Benjamin Moore & Co., and Fruit of the Loom.  Again, these are only a handful of companies of which Berkshire Hathaway has a majority share.
The company also has interests in many other companies, including American Express Co. (AXP), Costco Wholesale Corp. (COST), DirectTV (DTV), General Electric Co. (GE), General Motors Co. (GM), Coca-Cola Co. (KO), International Business Machines Corp. (IBM), Wal-Mart Stores Inc. (WMT), Proctor & Gamble Co. (PG) and Wells Fargo & Co. (WFC).

Berkshire Woes and Rewards.
Business for Buffett hasn’t always been rosy, though. In 1975, Buffett and his business partner, Charlie Munger, were investigated by the Securities and Exchange Commission (SEC) for fraud. The two maintained that they had done nothing wrong and that the purchase of Wesco Financial Corporation only looked suspicious because of their complex system of businesses.
Further trouble came with a large investment in Salomon Inc. In 1991, news broke of a trader breaking Treasury bidding rules on multiple occasions, and only through intense negotiations with the Treasury did Buffett manage to stave off a ban on buying Treasury notes and subsequent bankruptcy for the firm.
In more recent years, Buffett has acted as a financier and facilitator of major transactions. During the Great Recession, Warren invested and lent money to companies that were facing financial disaster. Roughly 10 years later, the effects of these transactions are surfacing and they’re enormous.

A loan to Mars Inc. resulted in a $680 million profit.
Wells Fargo & Co. (WFC), of which Berkshire Hathaway bought almost 120 million shares during the Great Recession, is up more than 7 times from its 2009.
American Express Co. (AXP) is up about five times since Warren’s investment in 200813
Bank of America Corp. (BAC) pays $300 million a year and Berkshire Hathaway has the option to buy additional shares at around $7 each – less than half of what it trades at today.
Goldman Sachs Group Inc. (GS) paid out $500 million in dividends a year and a $500 million redemption bonus when they repurchased the shares.

Most recently, Warren has partnered up with 3G Capital to merge J.H. Heinz Company and Kraft Foods to create the Kraft Heinz Food Company (KHC). The new company is the third largest food and beverage company in North America and fifth largest in the world, and boasts annual revenues of $28 billion. In 2017, he bought up a significant stake in Pilot Travel Centers, the owners of the Pilot Flying J chain of truck stops. He will become a majority owner over a six-year period.
Modesty and quiet living meant that it took Forbes some time to notice Warren and add him to the list of richest Americans, but when they finally did in 1985, he was already a billionaire. Early investors in Berkshire Hathaway could have bought in as low as $275 a share and by 2014 the stock price had reached $200,000, and was trading just under $300,000 earlier this year.

Comparing Buffett to Graham.
Buffett has referred to himself as "85% Graham." Like his mentor, he has focused on company fundamentals and a "stay the course" approach – an approach that enabled both men to build huge personal nest eggs. Seeking a seeks a strong return on investment (ROI), Buffett typically looks for stocks that are valued accurately and offer robust returns for investors.
However, Buffett invests using a more qualitative and concentrated approach than Graham did. Graham preferred to find undervalued, average companies and diversify his holdings among them; Buffett favors quality businesses that already have reasonable valuations (though their stock should still be worth something more) and the ability for large growth.

Other differences lie in how to set intrinsic value, when to take a chance and how deeply to dive into a company that has potential. Graham relied on quantitative methods to a far greater extent than Buffett, who spends his time actually visiting companies, talking with management and understanding the corporate's particular business model. As a result, Graham was more able to and more comfortable investing in lots of smaller companies than Buffett. Consider a baseball analogy: Graham was concerned about swinging at good pitches and getting on base; Buffett prefers to wait for pitches that allow him to score a home run. Many have credited Buffett with having a natural gift for timing that cannot be replicated, whereas Graham's method is friendlier to the average investor.

Buffett Fun Facts.
Buffett only began making large-scale charitable donations at age 75.
Buffett has made some interesting observations about income taxes. Specifically, he's questioned why his effective capital gains tax rate of around 20% is a lower income tax rate than that of his secretary – or for that matter, than that paid by most middle-class hourly or salaried workers. As one of the two or three richest men in the world, having long ago established a mass of wealth that virtually no amount of future taxation can seriously dent, Mr. Buffett offers his opinion from a state of relative financial security that is pretty much without parallel. Even if, for example, every future dollar Warren Buffett earns is taxed at the rate of 99%, it is doubtful that it would affect his standard of living.

Buffett has described The Intelligent Investor as the best book on investing that he has ever read, with Security Analysis a close second. Other favorite reading matter includes:
Common Stocks and Uncommon Profits by Philip A. Fisher, which advises potential investors to not only examine a company's financial statements but to evaluate its management. Fisher focuses on investing in innovative companies, and Buffett has long held him in high regard.
The Outsiders by William N. Thorndike profiles eight CEOs and their blueprints for success. Among the profiled is Thomas Murphy, friend to Warren Buffett and director for Berkshire Hathaway. Buffett has praised Murphy, calling him "overall the best business manager I've ever met."
Stress Test by former Secretary of the Treasury, Timothy F. Geithner, chronicles the financial crisis of 2008-9 from a gritty, first-person perspective. Buffett has called it a must-read for managers, a textbook for how to stay level under unimaginable pressure.
Business Adventures: Twelve Classic Tales from the World of Wall Street by John Brooks is a collection of articles published in The New Yorker in the 1960s. Each tackles famous failures in the business world, depicting them as cautionary tales. Buffett lent his copy of it to Bill Gates, who reportedly has yet to return it.

The Bottom Line.
Warren Buffett’s investments haven't always been successful, but they were well-thought-out and followed value principles. By keeping an eye out for new opportunities and sticking to a consistent strategy, Buffett and the textile company he acquired long ago are considered by many to be one of the most successful investing stories of all time. But you don't have to be a genius "to invest successfully over a lifetime," the man himself claims. "What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework."

August 04, 2020

Statistically, cost is the top reason students don’t attend their top-choice college when admitted. In addition to maximizing your aid, you can also pursue creative ways to finance your higher education. We’ll take you through outside-the-box strategies for saving money on college. By taking proactive, strategic steps to make college more affordable, you can earn a degree from your top-choice school without mortgaging your future. Watch our Editor-in-Chief Rob Franek as he explains some unexpected ways you can save money on college.





About this Learning Playlist: In “College Admission 101,” The Princeton Review’s Editor-in-Chief Rob Franek breaks down the most complex parts of the college process—and teaches you how to set yourself up to find, get into, and pay for your dream college.





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October 23, 2019



How to Create a Profitable Property Portfolio.

You've been thinking about investing in property. Although investing in real estate can be an overwhelming thought for some people, it can also bring great rewards. You may want to consider investing as a way to create cash flow or build a nice nest egg. Becoming profitable in investing requires a certain degree of skill and know-how, but once you stick your toe in the water, you may become hooked.

Method 1 Planning and Researching.
1. Know why you’re buying. Before you buy an investment property, you need to consider your investment strategy. Put some thought into what type of investment interests you and meets your needs. Perhaps you would like to diversify your holdings besides stocks and bonds. Maybe you would just like to build your wealth or improve your cash flow. Whatever your reasons are for wanting to invest, it is good to be clear on them before you start. A few common reasons for investing in real estate include the following:
You want to increase your current income. Getting a monthly rent check, for example, can give your income a boost.
You're interested in capital gain — buying a property and later profiting from its sale.
You want to take advantage of the tax write-offs that come with real estate investments.
2. Learn about the various types of real estate investments. Ask yourself how much time you are willing to invest in managing the property, and whether you have the necessary skills to manage the property. Different types of investments have different risks and rewards, so it's important to consider which type of investment best meets your needs. Consider these investment choices:
Raw land investments. Raw land requires little management and has the potential for big appreciation if it's in an area that becomes attractive to developers. However, there is limited cash flow from this investment through leasing to farmers/ranchers short term, mineral royalties if included in purchase, or appreciation. Also, government restrictions on how the land may be used can impact its value.
Residential real estate investments. Fixing up a residence and "flipping" it is a popular type of investment. The profitability of this type of investment is dependent on the state of the local housing market; location is very important.
Commercial real estate investments. Investing in commercial real estate, such as an apartment building, office building, or retail building, can yield a steady flow of cash, since you'll be getting a regular rent check from your tenants. However, the property requires significant upkeep to make sure it's up to code. You also run the risk of getting bad tenants who damage the property or do not pay rent on time.
3. Decide whether to flip or hold the property. "Flipping" generally applies to residential properties that are purchased, improved, and sold for higher price. Most real estate requires long term holding, and is not conducive to short-term trading. When considering what type of investment to make, determine which situation works best for you.
Consider whether you need additional income now or in the future.
Review your short- and long-term financial goals and if bringing in income now makes sense for you.
Factor in your income tax bracket and how that could be adversely affected by bringing in more income.
Consider the real estate market and if it is rising or falling at this time.
Evaluate your financial situation and see if you have other income that you can tap into if your rental properties become vacant.
Think about your available time and capabilities to manage or improve properties. Using third parties for such services may decrease expected return.
4. Obtain statistics on the town in which you are considering investing. Check the local state government website about the area you are targeting to see how it compares to other locations. It is important to have as much information and knowledge as possible on property investing before you dive in.
Find out the local median income.
Research the population growth of the area.
See what the unemployment statistics are in the area.
Check to see if the community is continuing to grow.
Find out what the real estate taxes are compared to nearby towns.
See if there is a supply and demand of rentals in the area.
Check out the schools to see how good they are.
5. Research online or take a course. A lot of research can be done online, but you may also check your local directory and sign up for a reputable real estate investment course or seminar. Make sure you bring some paper and a pen so you can jot down notes as you listen to the experts speak.
6. Work with a local realtor, property investor, or developer who also invests in real estate. Someone who has been investing on his own will know the pitfalls from his own first hand experience. A realtor with substantial knowledge in investing can teach you as you go along and help make you feel more comfortable with the process. However, remember the money you are investing is yours, not the realtors, so trust your intuition.

Method 2 Pinpointing your Property Needs.
1. Decide on your location. When you are searching for your investment area, look for a place that has clear signs of growth and economic stability. If you aren’t familiar with the area, take a drive around the town or city and get to know it. Check to see if there is adequate shopping and amenities close by. If you like the area and what it has to offer, chances are your renters will too.
2. Pick the right property. See if the properties you are interested in have desirable features, like a great view or ample parking. If so, take that into consideration. There are other issues to consider when picking your property, as well.
If you're deciding between investing in a house or an apartment, keep in mind that houses seem to have a better capital growth rate and apartments tend to have a better rental yield.
Also, the quality of the neighborhood in which you buy will most likely influence the type of tenants you attract. For example, if you buy near a college, you may be renting to students. There is a possibility of vacancies in the summer when the students return home.
Make sure you find out what the property taxes are. Take into consideration that high property taxes may not be such a bad thing if the property is in an excellent area and suited for long-term tenants.
Check to see if the area has any criminal activity. Go to the local police department to learn about the specific area you are interested in. Things to ask about might include vandalism, gang activity or any recent serious crimes. You have a better chance of finding out the facts from the police department, than from the person selling you the property.
Make sure the property isn't in a natural disaster zone. The insurance on the property can get pricey if you are in a questionable area so it is worth checking into. Many property owners are underinsured for natural disasters which can lead to devastating property loss in the event of a major storm or earthquake.
3. Have your property inspected by a professional inspector. You want to make sure the property is in good shape and has up-to-date repairs. You are looking for a property that, with a few minor repairs, will attract tenants who are willing to pay higher rents. In addition, find a contractor who you trust to give you the right advice on any repairs that may be required, especially for older properties. There are some things that you can check yourself, however.
Check the drains to make sure there are no problems with flooding.
Open and close all the windows to make sure they are in working order.
Turn on all the faucets to make sure they are working.
Light a fire in the fireplace to see if it's working.
Flush the toilets to make sure they flush properly.
Open the electrical panel and make sure there are no loose wires.
Turn on the heat and air conditioning to see if they work.
Make sure there is no basement moisture as this can be a sign that there is a more serious problem.
Pull the carpet back to see if there are hardwood floors underneath.
4. Know your target tenant. If you're investing in commercial real estate, your choice of tenant should influence the type of property you buy and where you decide to buy it. For example, families with children will potentially be interested in different amenities than young, single people.
See if the property is near any schools.
Check to see if there are any parks in the neighborhood.
See if the shops and cafes are within walking distance.
Find out how close the transportation options are.

Method 3 Examining the Finances.
1. Check into your credit history. Make a plan to get your credit in better shape if necessary. Having a good credit score will help you secure a loan with better terms. If your credit is compromised, check your local listings for agencies or nonprofit organizations that can help you clean it up.
2. Decide how you will finance your property. There are several ways to begin investing in your property portfolio. You may consider selling an asset or refinancing a property to get the funds. If you're investing in raw land, it's common to get financing from the seller. You may also choose to take out bank loans to finance your property.
If you have the money, you can pay all cash, or you can put down a percentage and get a loan for the remaining amount.
There are different loan requirements depending on the bank and your financial history.
3. Visit with a mortgage broker or your bank. Find out how much money you can afford to borrow responsibly for your investment. The quickest way to find out if you can afford a loan is to ask the bank. If you get a "no" from your bank, then consider trying another one as each bank is different in their approach. You may also consider looking into a credit union or a smaller bank to get your loan through.
4. Find properties that produce positive cash flow. Unless the property has good cash flow, there is really no reason to consider purchasing it. Examine the financials on the property to make sure it is supplying a good source of income. The rent you receive from your tenants should be enough to pay all of your expenses, including your mortgage payment, utilities, property taxes, and insurance.
This excludes raw land investments, which generally yield no income unless leased for farming or another purpose.
5. Examine your investment expenses. A common mistake first time investors make is underestimating their expenses. Rental buildings are always needing touch ups and repairs. There are several areas of expense to factor in when considering your purchase. The amounts will vary depending on the property.
Water and sewer, Garbage, Utilities, Legal fees and accounting, Evictions, Vacancies, Scheduled maintenance.
6. Consider hiring a property manager. You may want to factor in a salary for a property manager if you don’t have the personality, skills, and availability to manage your own property. There are many benefits to hiring a property manager.
The manager advertises and rents for you and will show your property when vacancies arise.
The manager meets with prospective tenants and handles all of your lease agreements.
The manager collects the rent from the tenants and performs the move-in and move-out inspections.
The manager deals with all the tenants complaints.
The manager serves legal notices in the case of a dispute and starts the eviction process if necessary.
The manager usually has a list of reliable contractors that he or she has used before.

FAQ.

Question : How would I stay up to date on pertinent laws, regulations, and real estate terminology?
Answer : Become a member of an apartment owners association. If they are very large, they will send you magazines that have all the new problems that laws are causing for home owners and what they need to do to avoid these problems.

Tips.
Take your time doing the research. Rushing into a property purchase without significant knowledge may bring unwanted results.
If you are considering buying with a partner, make sure you have a proper partnership or joint venture agreement.
Don’t be afraid to walk away if the deal isn't working out.
Stay up to date with pertinent laws, regulations and real estate terminology.
Understand the risk you are taking when becoming a real estate investor. Success is not always guaranteed.
Find a mentor, lawyer or a supportive friend that has experience in investing to bounce your ideas off of.

April 01, 2020