Which Postgrad Major Should I Choose to Work in Finance?

  • Programs
  • Thread starter jessicaw
  • Start date
  • Tags
    Major Work
In summary, the conversation discusses various options for someone interested in pursuing a career in finance. The options include studying math, finance, business, or a combination of the three. The conversation also mentions law school as a possible option, but ultimately concludes that it is not necessary for a career in finance. The individual is advised to consider a master's degree in statistics with a focus on simulation and programming. It is also mentioned that a strong understanding of math is crucial for a career in quantitative finance. Additional resources, such as a guide on deciding if quant finance is the right fit, are also suggested.
  • #1
jessicaw
56
0
1.quantative finace?
2.pure finance?
3.statistics?
4.law?
help!
im a math and physics undergrad.

ye...i know it is kind of immoral to turn to finance industry...
 
Physics news on Phys.org
  • #2
1-3: Math, finance, business, or some combination of the three.
4: You need to go to law school. Pretty much anyone can go to law school.
 
  • #3
but there are lots of master degree about finance, such as "financial enginerring","quantitive finance","mba","finance","mathematics and finance","risk management"......

Should i just do "finance" as i think it is the "largest" among them? If i want to focus on finance(being a broker in some securities group for example) but not other business stuff, is it better to do "finance" rather than "mba"?


fss said:
1-3: Math, finance, business, or some combination of the three.
4: You need to go to law school. Pretty much anyone can go to law school.

no law school then.
 
  • #4
There is nothing immoral about going into the financial industry. It's what some people do there that is immoral.
 
  • #5
Try a MS in Statistics. I think that should be more than enough. Ah, and make sure you do a lot of simulation, perhaps also estimating parameters like Maximum Simulated Likelihood methods, and Markov Chain Monte Carlo.
 
  • #6
For quant finance, you really need to know math. The degree background isn't as important, as long as you know the math and programming. Theres a lot more that goes into trading than just math and programming and traits you don't learn in school, so be prepared for that.

This link may help you decide if quant finance is for you.

http://www.markjoshi.com/downloads/advice.pdf

Also, look into some of the quant finance forums such as Wilmott.
 

FAQ: Which Postgrad Major Should I Choose to Work in Finance?

What is the best postgrad major to work in derivatives, warrents, and the stock market?

The best postgrad major to work in derivatives, warrents, and the stock market is typically finance, economics, or mathematics. These majors provide a strong foundation in financial concepts and quantitative skills that are necessary for success in these industries.

Do I need a specific major to work in derivatives, warrents, and the stock market?

While there are certain majors that are more common in the financial industry, such as finance and economics, there is no specific major required to work in derivatives, warrents, and the stock market. Employers often look for candidates with strong analytical skills, attention to detail, and a solid understanding of financial markets.

Can I work in derivatives, warrents, and the stock market with a non-finance or economics major?

Yes, it is possible to work in derivatives, warrents, and the stock market with a non-finance or economics major. Many employers value diversity and may consider candidates with backgrounds in other fields, such as engineering, computer science, or even liberal arts. However, it is important to have a strong understanding of financial concepts and to demonstrate a willingness to learn and adapt in this fast-paced industry.

Are there any specific courses I should take to prepare for a career in derivatives, warrents, and the stock market?

There are several courses that can help prepare you for a career in derivatives, warrents, and the stock market. These include financial mathematics, financial engineering, options and futures, risk management, and investments. It is also helpful to have a strong understanding of statistics, econometrics, and programming languages commonly used in finance, such as Python or R.

Is a postgraduate degree necessary to work in derivatives, warrents, and the stock market?

A postgraduate degree is not always necessary to work in derivatives, warrents, and the stock market. Many successful professionals in these industries have only an undergraduate degree. However, a postgraduate degree can provide advanced knowledge and skills that may give you a competitive edge in the job market. It can also be beneficial for career advancement and higher-paying positions.

Similar threads

Admissions Can I change my major from "physical geography" to "math"?
Replies
30
Views
2K
Admissions Direct Entry to PhD Program -- Advice Please
2
Replies
36
Views
2K
Which Major Should I Choose for Astrophysics Professor Career?
2
Replies
60
Views
4K
Programs Is a Physics BA a good route for exciting CS/Engineering Work?
Replies
3
Views
1K
Programs Should I do a math or an astronomy double major for general relativity?
Replies
2
Views
1K
Programs Which Major Should I Choose: Physics or Mechanical Engineering?
Replies
30
Views
3K
Programs Should I double major in CS and Physics?
Replies
3
Views
2K
Programs Which Major Best Suits My Research Aspirations: Chemistry or Physics?
Replies
10
Views
2K
Programs What do I major in to become wealthy?
Replies
9
Views
4K
Programs Best Minor for a Physics Major with these goals
Replies
24
Views
3K

Hot Threads

Recent Insights

Back
Top