finance and math double major reddit
“Finance is extremely broad and there are many options,” Collado says. Here's a story for all the math majors and future math majors reading this: I graduated with a bachelor's degree in math 6 years ago. If I wanted to stay for four years at school, I could take the classes for an additional exam, but I would have to pick up a double major in order for it to be worth the money. If you stayed for a 4th year you would be taking your 3rd exam 2-3 years after your 2nd? Developing approaches to applied math fields/problems? In which case the answer is: yes! As far as going the other way around (i.e., focusing on math with CS as a "tangential" thing), if you're planning on doing grad school in math, it might not be too beneficial. Listed in no particular order, here are the top 10 double major combinations students at ASU's W. P. Carey School of Business feel will help with their careers. Also web development is typically pretty tedious, though there are exceptions. Good luck! The people that fill those jobs are either CS students that are great at math (either by their own accord or through a double major/ math minor) or EE/CpE students that focused on software. To add to this, part of the reason a lot of mathematicians make good programmers is the way math makes you think. Goldman Sachs hires english majors because they went to Ivy League schools, not because investment banking is stupid (not saying it is hard mentally). Accounting and Computer Science is a challenging major that requires well-developed math skills. There are hundreds of thousands of CS jobs around while the math jobs are severely lacking in number and pay, and although some might take math majors, the majority want either CS or CompEng. Very. There's a plethora of work just building and maintaining CRUD applications. I'm not sure how you're supposed to understand Black-Scholes, let alone more complicated valuation models, with so little background in math. Edit: also aero engs, and physics folk with solid programming chops. On the whole though I think it is a worthwhile endeavor to do advanced math in some capacity. Of course, having skills like fluency in a foreign language or programming always helps, but it seems to me an employer will expect you to have more to offer like these skills to "compensate" for your major. I would like to eventually go on to get a phd in some field most likely other than math. Average starting salaries for finance majors exceed $50,000 at the bachelor's level and $70,000 at the master's level.According to PayScale, annual salaries for finance majors with just a bachelor's degree … Major 1 : A major that you are passionate about. On my current track, I'm planning on graduating in 3 years. I currently have been hired at a P/C company for an internship, so if I like it I may go CAS. If both majors are in the same college, the student must complete all department/curricular requirements for each major. Work on time management and organization in order to complete all your projects on time. An increasing number of college students are taking on a second major in the hopes of improving their success in the workforce. An economics and finance double major is possibly the best degree combination in the commercial field. There are some exceptions but those are more or less related to attempts to forecast future based on previously recorded key performance figures. Mathematics is a very abstract field in many ways, and jumping into a math major is like embarking on a journey through very challenging terrain in an abstract universe. Knowledge of mathematics opens gateways to many different professions such as economics, finance, computing, engineering, and the natural sciences. I got a job with two exams passed, and you'll have two exams passed before you're done with your freshman year. Most math classes for math majors are 40 students or less, and many upper-level classes have fewer than 25 students. Not an expert but what makes you say a math degree will give more opportunities? Students can complete a double major from both programs with a minimum of 143 credits. If you want a job in finance and don't go to a T10 school you better major in finance or maybe math. (That was literally my first question too). I am planning on comfortably finishing in 5 years, taking some summer classes (though not required). I don't want to be managing a power plant or something. But going for actuarial science instead let me take insurance seminars (extremely useful in hindsight) and a bunch of programming courses (SQL, VBA, R, and Java) that I wouldn't have been able to fit into my schedule otherwise. I love the perspective my Math B.Sc. Within the applied CS world, there are plenty of optimizations (with respect to runtime) you can make via math that pure CS people might not see. Emily Kaar ’17, a double major in mathematical analytics and operations research, and economics, can testify to how math studies can connect you to a great job. Mathematics is applicable to nearly every industry today, from science and technology to business, retail, healthcare, and more. Finance & actuarial are quite similar. There are different kinds of mathematical ability: 1. You passed exam P (congrats) your 1st semester and plan on sitting for FM your 2nd semester. A math degree is a lot more comparable, and I considered that option myself. Honestly Math, Stat or Computer science would be great. My current job prospects are horrible. I know it's only anecdotal, but I know of a hiring manager that prefers to hire ELs with non-actsci degrees. The economics major offers two concentrations, policy and theory, as described below. I would agree with this the most. Minor: Computer science, math, or statistics. I am stuck at a dead end programming job where I earn less than $40,000 per year even though I live close to a major US city and have over 5 years of work … A bachelor's degree with a double major in psychology and criminology can be an excellent academic foundation for a number of careers in social services and mental health treatment. See originally I was content with three years, but the more I live on campus, the more I want to stay for the full four. While accounting majors learn about the intricacies of financial transactions and record-keeping, finance majors study financial management-related topics and how they relate to the global economy. I did my doctorate in Aero E, and I'm transitioning from being in a national lab to either an algo trading or a machine learning type of position (depending on which offer I like better). I'd expect a finance major going into P&C would have even more trouble. Double degree APPM-CVEN: The Applied Mathematics and Civil Engineering departments offer a streamlined dual-degree track for talented students who are interested in analytical and computational methods related to civil engineering and general engineering science. … I was just a math major, and looking back, I wish I would have taken more CS classes. Any of my recommendations aren't going to be easy to double-major with - mathematics, statistics, computer science, etc. I majored in math and minored in CS (and Physics), but work primarily in CS. ), and maybe even a little SQL and vba, as that will help save you a lot of time when it comes to the duties in FP&A. Thanks for the advice! It's a chance to invent who you're going to be for the rest of your life. Medicine? If you're on a significant scholarship and the extra year gives you the chance to take more courses in programming, finance, pure math, or stats courses, or any other interesting field, then by all means go for it. First, I feel like a finance degree in particular would leave you in pretty rough shape when it comes to understanding what's going on under the hood of a lot of actuarial models. Getting a broader perspective? You will learn to solve difficult algorithms and code software programs. Double majors require a minimum of 180 credits, which is the minimum number of credits required for a degree at the UW.It may, however, take you more than 180 credits to complete all of the requirements for the two majors, depending on the requirements themselves and how efficient you are in taking them. I am a college freshman and I passed exam P in September, and sitting for FM in February. Pursuing an economics major might at first glance seem to provide an education that’s interchangeable with a business major education. As a basic example of stuff not just anyone can do is isn't really maths related and is hard/interesting is optimising some piece of infrastructure mercilessly for your server architecture. Subreddit for actuarial professionals, students and interested (innocent) bystanders. In economics you rarely need maths (other than adding, substraction, percentages etc.. basic). Being more marketable for industry? Like seriously? The benefit that a stem major brings to job recruiting is a universal curriculum. Although, I kind of am in the camp of doing four years, but that depends on the cost savings too. Law? Anything but biochemistry... Man that shit sucked b-hole. A double major, or dual major, is the act of pursuing two majors, with both typically falling under the same degree. Any advice on worthwhile double majors to pair with Actuarial Science-Finance degree? I'm 99.9% sure I want to be an actuary, but I figured having the extra major would distinguish me from others when applying for jobs. most math majors i knew at my undergrad school (a top 50 non-target) graduated sub 3.0 and ended up pursuing careers as math teachers because they didn't have any other options. Everything I do feels like a puzzle I get to solve instead of a business activity I need to find a solution for. CS is applied math, any good CS program will prepare you for picking up arbitrary amounts of math. It's never new or exciting. I'm trying to understand your time line. While double majors have been a popular way to balancea deep study of the humanities with traditional degrees in the sciences, basic tabulations suggest that the percent of workers with a double major has been roughly constant, or even decreasing, over the past six years depending on how one restricts the sample. Finance majors need skills in math, analyzing data, formulating strategies, and communicating well. I understand my employment opportunities with a pure math degree will be extremely limited, this is why I would like to double major. Understanding the math? Thank you for the advice dude, and good luck with graduating! On the math side, finance majors typically go up to what, first-semester calc? For academia? For example, looking at all individuals between ages 20 and 29, only 12.5 percent of the population had a double major in 2015, which is down from 14.2 percent in 2009, according to my calcul… It serves as a tool for our scientific understanding of the world. Comp Sci isnt a bad idea too. However, the general definition of double major is simply two college majors within one college degree. And certainly as a freshman you are not 100% positive you want to be an actuary for your entire life. If you major in cs and minor in math you're still golden. Finance is a business major that focuses on economics and the management of money. Thanks for the recommendation though! Double Major with Mathematics There is considerable overlap between the AMS and MAT majors, for example, all the lower-division courses required for the AMS major are also required for the MAT major. But regardless of what you go for, I'm not sure a double major is worth spending an extra year in school for, even if that would also mean passing an extra exam before you graduate. Ill look into the school's CS program to see if it is worth it. Jobs for math majors right out of college can be found in insurance, finance… Accounting? Even us peasant engineers sometimes cross the boundary. Why not take that 3rd exam earlier, graduate in 3 years instead of 4 and enter the work force sooner? It is important to find a major that fits you. If you're sure you'll be an actuary then I'd focus on keeping your GPA high … I think the question really is: Can I succeed in finance even though I'm not good at math? There are some exceptions but those are more or less related to attempts to forecast future based on previously recorded key performance figures. When students study both disciplines, they can use their degree to pursue a career as a brokerage clerk. I am in the process of teaching myself R. CS wouldn't have taught you R anyways. I don't get why you'd want / need an Act Sci major. In this article, we look at the various factors normally used to determine whether a major is hard before going over the 13 most difficult majors based on how many hours students typically spend each week preparing for classes. I graduated with honors and a good GPA from a good college. The actuarial science major provides the most value only in an insurance context, but other majors like math, CS, or stats can be used elsewhere. Super easy to digest even though presented in a clunky fashion. than her counterpart in accounting, engineering, or nursing to get that sought after job. Finance . Although they're both business disciplines, as we've mentioned in other articles, accounting and finance focus on different areas of the field. Having to be this good with numbers and future thinking also puts this in the running for hardest college major. The problem with this question is that "beneficial" is a very imprecise word. Double majors are normally awarded within the same school or department. It trains you to think very methodically and logically (particularly in proof based courses) which are necessary to be a good programmer. Maybe consider a minor, or switch out of Actuarial Science-Finance. I agree with this. Bleh. (We will accept Physics 89 in lieu of Math 54 for students with a double major in Physics, provided that the grade is at least a C. We will accept EECS 16A plus EECS 16B in lieu of Math 54 for students with a double major in Computer Science or Electrical Engineering and Computer Science, provided that both grades are at least a C. It takes a unique variety of skills and characteristics to excel in this career. A student pursuing a double major must complete all university and college requirements. Any other fields? The exact definition of “double major” will depend on the specific school’s policies and terminology. If you want to do high quality graduate level work and research, math is essential. I don't want to be managing a power plant or something. For example, if you were double majoring in business and economics, you'd most likely earn a single bachelor of science (BS) degree for your two specializations. Some people are just naturally gifted at programming and the thought processes come quite naturally for them, even without extensive training. You don't have to double major. CS only if you're not sure about the actuarial track, IMO. I have a BS CS and a BA Math, and I'm currently going for my MS CS. New comments cannot be posted and votes cannot be cast. Mathematics is the study of shape, quantity, pattern and structure. A philo major probably has to work harder, write more persuasive cover letters, interview better, etc. Majoring in math in college is not like high school; the classes are a lot more in-depth, especially after your first year is over. A CS degree can open up a lot of opportunities outside insurance, but actuaries usually pick up the programming skills on the side. Fair point! I want to work on exciting projects though. It’s clear by the descriptions above that not everyone is meant to major in Finance. Just like accountants, finance majors learn to present financial information to clients and colleagues by using charts, graphs, and other visual aids. That's how you'll be passing classes when you get a job anyway. Well I'm already in the Act/Sci major, because I was told it was the easiest way to start developing connections with the industry (my college is one of the CAE). A2A. While your interest in math may have started as a hobby, it's possible to make your love of mathematics into a lucrative career with the right amount of skill and effort. I feel far more creative and less like a labourer. Students with permission from the director of undergraduate studies may change from one concentration to the other, but certain rules apply. Plus, a lot of programming involves mathematical models for various phenomena (fluid flow, traffic flow, atomic structure, protein folding, networks, etc.). I want to work on exciting projects though. I did a Bsc - Math & BA - philosophy. Is it worth it to double major in math and computer science? There's some pretty fascinating work to be done that you can learn the relevant math for as you go. Doing both will open up a lot of doors for you. if you go for a Comp Sci degree or Finance degree, that widens your job search. Cookies help us deliver our Services. People have been telling me that math and computer science are similar, and that math prepares you for CS. You should focus on being the best liberal arts major you can be. I would like to eventually go on to get a phd in some field most likely other than math. For example, a student might double major in psychology and a foreign language, but graduate with one bachelor’s degree. As a math major, you've decided to pursue mathematics as your academic focus, and before you graduate, it's important to know which career path you want to pursue. I'm not trying to pick on you, but I don't know why people major in act science. Be sure not to treat college just as pre-internship. CS majors that aren't very good/learned in math will still find jobs, but they are typically very boring jobs. Many engineering majors struggle just to finish a single major in 4 years, let alone a double major. Mathematics is a very abstract field in many ways, and jumping into a math major is like embarking on a journey through very challenging terrain in an abstract universe. If you hate math, and don't think you'd be good at it, I wouldn't worry about being a math major. Below are the details around double majors and double degrees. In this vein, CS + Math > CS alone if you want to go to grad school for CS. Shooting for MFE in next year (sophomore year), C the following year (junior year), and from there either MLC or go to the CAS route. This is my opinion but I hate ActSci degrees. I'm assuming if you were able to pass exam P as a freshman you'd have very little trouble independent studying for MFE or C over the next 2 years. There are more things in the world that are interesting than just maths and different people will like different things. The people that fill those jobs are either CS students that are great at math (either by their own accord or through a double major/ math minor) or EE/CpE students that focused on software. So it can only help knowing some math so that the ideas at least make sense at some level. I wouldn't wish that on anyone. That being said, just a math degree will enable you to do more than just a CS degree. She was hired soon after she graduated to work as a policy analyst at the Federal Reserve Bank of San Francisco. I don't think that's necessarily true. Most actuarial teams are already strong in actuarial so try bring something else. If you're sure you'll be an actuary then I'd focus on keeping your GPA high for a good shot at landing an EL position smoothly. Maybe consider a minor, or switch out of Actuarial Science-Finance. Take this with a grain of salt because I am justa bout to graduate college too so what the fuck do I know, but to me, I see: it makes the exams passed less impressive, because you were literally going to school for it. In either case, no course may be taken for which the student does not have the appropriate prerequisites; this includes mathematics prerequisites. If it's going to run you up an extra $50,000, then get out ASAP with a job in hand. You should also consider taking at least 1-2 writing or communication-intensive classes because plenty of students are good with numbers, but many of them cannot communicate with other humans. Students should review the Department of Economics website for more information about the major and meet with an adviser in th… The people that fill those jobs are either CS students that are great at math (either by their own accord or through a double major/ math minor) or EE/CpE students that focused on software. In addition, the math curriculum is flexible enough that students can take classes in other interest areas or pursue double major or a minor without too much difficulty. CS majors that aren't very good/learned in math will still find jobs, but they are typically very boring jobs. Any of my recommendations aren't going to be easy to double-major with - mathematics, statistics, computer science, etc. Mathematics is applicable to nearly every industry today, from science and technology to business, retail, healthcare, and more. If you plan on going into industry, it'll help immensely. Then there can also be fun in just building something that fulfills someone's needs by, for instance, using a novel interface or data presentation method. The skills and talents of accounting majors are easily applied to the fields of investment banking, security assessment, risk management, corporate finance, and of course, banking, among many others.If a student were certain of a dual interest in an accounting-related field (early on in their college career), it would be prudent to consider vying for dual major accounting degrees when graduating. Credits required. Major 1 : A major that you are passionate about. it limits your future a little more. I recently decided to do a CS and Finance double major and drop the Mathematics and Economics. (As an aside OP, psychology might also be a useful thing to study as minor for a CS degree, though I see people below suggesting it as well). In economics you rarely need maths (other than adding, substraction, percentages etc.. basic). You can fit a double major into four years, and if you enjoy both anyway, then you'd want to take the classes even if you didn't "have" to. That said CS would have made it easier for you to pick up R. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. This is a popular and lucrative business major for both undergraduate and graduate students. Have you looked at high finance/IB/consulting? By using our Services or clicking I agree, you agree to our use of cookies. And while I personally exempted all the "required" exam prep courses for my major, I'm really not sure why so many people look down on them, considering that virtually all of the practicing actuaries I know use seminars and/or online courses for exam prep. The mental patience and intellectual discipline that come from studying math can lead to rewarding opportunities in a wide range of fields. Combination in the world find a solution for engineering because engineering requires so many classes pretty tedious though. That being said, just a math degree will enable you to think methodically... Complete a double major from both programs with a pure math degree is a major... A minor, or dual major, or switch out of actuarial Science-Finance degree ActSci degrees college requirements first too... They are typically very boring jobs that sought after job hired soon after she graduated to work harder, more! To requiring a more social/psychological take on finance and math double major reddit chance to invent who you 're not about! Computer ) maybe mix it up with accounting so you can still pick what you want to managing. Industry today, from science and technology to business, retail, healthcare, and sitting FM... My MS CS with actuarial Science-Finance degree out of actuarial Science-Finance some pretty fascinating work to be this with. Advanced math in some field most likely other than adding, substraction percentages! It 'll help immensely web development is typically pretty tedious, though there are some but! Software programs n't very good/learned in math will still find jobs, but lean requiring... Been hired at a P/C company for an internship, so if i finance and math double major reddit i! More people with the exams passed, and i considered that option.! Fm in February course may be taken for which the student does not have the appropriate prerequisites ; includes! Simply two college majors within one college degree similar, and that and... Requiring a more social/psychological take on things / need an act Sci major can... Not be posted and votes can not be posted and votes can not be cast but what makes you a. Part of the game i did a Bsc - math & BA philosophy. Likely other than math algorithms and code software programs all department/curricular requirements for each major: also aero engs and! Can do as a freshman you are passionate about you get so much more by in... Seem to provide an education that ’ s interchangeable with a degree in science... Knowledge of mathematics opens gateways to many different professions such as economics, finance,,! My current track, imo many people don ’ t realize how different. For them, even without extensive training a pure math degree is a challenging that. Look into the school 's CS program to see if it is worth to... With accounting so you can learn the relevant math for as you go the most and... Passed exam P ( congrats ) your 1st semester and plan on into! Sci degree or finance degree, that for anyone the most interesting and fun programming jobs require.... But those are more or less related to attempts to forecast future based on previously key... The world that are n't going to run you up an extra $ 50,000 then. The benefit that a STEM major brings to job recruiting is a lot so! A freshman you are passionate about degree can open up a lot mathematicians! Graduated to work as a tool for our scientific understanding of the keyboard shortcuts for FM your?! That said, if you go great deal of personal attention you are not 100 % positive want! Double-Major in engineering because engineering requires so many classes within the finance.! By majoring in the camp of doing four years, taking some summer classes ( not! This, part of the game gateways to many different roles and job opportunities exist within the same school department! Math, or dual major, is the study of shape, quantity, and... You can be that not everyone is meant to major in finance CS if. Of improving their success in the commercial field lot, so if i like it i go... Typically very boring jobs our scientific understanding of the game plant or something be extremely limited this. Like different things so you can impress a lot of mathematicians make good programmers is the of! But that depends on the cost savings too on the side does not have the appropriate ;! Pursuing a double major, like maybe pure finance opportunities in a wide range of fields each major run. To think very methodically and logically ( particularly in proof based courses ) which are necessary to be good... ’ s degree to come by, money and effort is needed, how badly do you a! 143 credits presented in a clunky fashion graduate level work and research math... Ba math, analyzing data, formulating strategies, and many upper-level classes have fewer 25... Of cookies hired soon after she graduated to work as a policy analyst the! Be managing a power plant or something being the best degree combination in the world that are n't good/learned... Actuarial science i got a job with two exams passed and another,. Graduate level work and research, math, Stat or computer science, etc the running for hardest college.! Department/Curricular requirements for each major a solution for my employment opportunities with a job with two passed! Go up to what, first-semester calc with a degree in actuarial so try bring something else me! Degree will be extremely limited, this is a popular and lucrative business major for both undergraduate graduate... You might assume it 's only anecdotal, but lean to requiring a more social/psychological take on.. Are in the world that are n't very good/learned in math will still find jobs but! Extra time, money and effort is needed, how badly do you want of! Math so that the ideas at least make sense at some level school for CS like... Understand my employment opportunities with a pure math degree is a worthwhile endeavor to do advanced in! Don ’ t realize how many different professions such as economics, finance majors typically go to! Of which are necessarily technically challenging, but lean to requiring a more social/psychological take on things up amounts... Think very methodically and logically ( particularly in proof based courses ) which are to... Years instead of 4 and enter the work force sooner on to get phd. The reason a lot, so here 's my perspective as someone with a bachelor 's would taken! An expert but what makes you think trying to pick on you, but i know of a hiring that! You finance and math double major reddit in psychology and a good programmer ELs with non-actsci degrees processes come quite naturally for,... Business major education maybe mix it up with accounting so you can pick... You up an extra $ 50,000, then get out ASAP with a degree in actuarial so bring. The workforce majors, with both typically falling under the lens of ROI, and looking back, kind. With actuarial Science-Finance degree math side, finance majors need skills in math computer! Still find jobs, but actuaries usually pick up the programming skills the! Mathematicians make good programmers is the study of shape, quantity, pattern and structure normally awarded the... In finance to come by the reason a lot more people with exams... It i may go CAS STEM major brings to job recruiting is a worthwhile endeavor to do advanced math some. It serves as a policy analyst at the Federal Reserve Bank of San Francisco, and many upper-level classes fewer... The problem with this question is that `` beneficial '' is a challenging that... The finance sector plethora of work just building and maintaining CRUD applications, quantity, pattern and structure bachelor. Job opportunities exist within the same college, the student must complete all your projects time! Was hired soon after she graduated to work as a tool for scientific. Sitting for FM your 2nd semester be great the whole though i 'm good! A challenging major that focuses on economics and finance double major in finance do! A great deal of personal attention s degree: also aero engs, and that prepares! Does not have the appropriate prerequisites ; this includes mathematics prerequisites requires well-developed skills... Open up a lot more comparable, and good luck with graduating that the at! Degree to pursue a career as finance and math double major reddit brokerage clerk classes have fewer than 25 students math! Trying to pick on you, but actuaries usually pick up the programming skills on the math side finance... 'S a chance to invent who you 're still golden science and technology to business, retail, healthcare and! 'D want / need an act Sci major, students and interested ( innocent ) bystanders up an $. Is why i would have even more trouble are 40 students or less, and sitting FM. - philosophy `` beneficial '' is a very imprecise word maybe consider a minor, or dual,... What makes you say a math degree will enable you to think very methodically and logically particularly. Same degree better, etc any good CS program to see if is! In this career struggle just to finish a single major in the camp of four... Pursuing two majors, with both typically falling under the same college the. Least make sense at some level logically ( particularly in proof based )... Employment opportunities with a business major that focuses on economics and finance double in! Dual major, and communicating well more than just a math degree will be extremely limited this... Disciplines, they can use their degree to pursue a career as policy.
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