Is a CS minor useful?

I'm an incoming college freshman to a "target" school looking to major into Econ, and then parlay that into a job in finance/business.

My dad wants me to get a Computer Science minor. However, he also pointed out that doing so will probably lower my GPA, which potential employers will see. To counter this, he suggested I learn applicable programming languages on my own such as over the summer and create something relevant to put on my resume in place of a minor.

  • Will a Computer Science minor help in any finance/business jobs?
  • Would it be as good enough to learn programming languages on my own outside of college?

Is a Comp Sci Minor Worth it

There are many discussions on WSO about college majors, minors, GPAs, etc. For this particular question, the forum offered up this advice:

  • The CS minor probably won't be too beneficial to a finance job
  • I think there is a lot of demand for CS skills in current job markets
  • Your GPA is up to how hard you work to keep it up
  • If you’re already worried about your GPA, I'd focus on just the econ major
  • Minors don’t matter that much in interviews
  • If you want to work in a CS-related field, then you’ll need to major in CS not just minor
  • If you major in CS (not minor), it will open so many doors in the future (VC, product management, quant research, etc)

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My personal opinion is that the CS minor probably won't be too beneficial to a finance job. However, I think there is a lot of demand for CS skills in current job markets, and from what I've noticed from friends who are in that area is that they are generally finding jobs very easily (in relation to other fields) and with good pay. One of the best examples I have is a friend who literally graduated 2.5 years ago (maybe 2 years from his current job's start date), had an internship, got hired on, switched to a bank, and now is doing consulting work for some company, but he works as many hours as he wants and I think he makes some $45/hour. He's quite content with that.

 
Best Response

Yeah, if you are thinking that already, I'd focus on just the econ major. You can always learn CS outside of school as a hobby. As for whether I think the CS minor would be good for any business management role, especially if the firm is tech based, I think it depends. Put yourself in the hiring manager's (or owner's) shoes. If I am a F500 company, I probably have a whole department designated to CS tasks and another for finance tasks. I'd hire you for finance without consideration of the CS minor. However, if I am a small startup, the overlap in skills would be nice to have because I need to keep costs low. Make sense?

In my bachelor's, during what I thought was my last semester, the Dean came in and announced that if you take just these two extra courses, you'd be considered a triple major. I did it, thinking it was a great idea - certainly not hurtful. I don't think it was ever soemthing that interviewers were utterly impressed with, though. More kind of a "Neat. So then you went on and did your master's?"

 

I am actually trying to learn programming outside of school as I have already graduated. Perhaps, I need to look other places, but from what I have found, they only show you snippets, and it's really hard to truly LEARN the language from it. (If you have suggestions to correct this, I'd love to hear them) So, in terms of actually learning it CS might be the way to go. Also, if you want an internship in CS to prove that you can handle it, then CS is probably the way to go. To counter all that though, I think python is the most relevant language to finance from what I have seen on postings, unless you're a quant then it could be any of them. So, knowing basic python might be enough.

If it were me, I'd do the double major, and just bust my ass to make sure I got a decent GPA. Tutorings, emailing teachers with questions, the works.

 

I am going to disagree with the general sentiment and say that I think having CS skills is increasingly relevant today and I would strongly encourage you to double major (I agree that the minor is somewhat useless). Econ is a hard major anyway and I really don't think you should stay away from studying something useful because it may lower your GPA. Plus GPA is only used as a "gating item" so I really think it's better to have a 3.5 with a double major in econ and CS than a 3.7 in a English major (once you start interviewing, your GPA becomes useless anyway so better to have actual skills and relevant experience). The CS major is going to open so many doors in the future (VC, product management, quant research, etc) so I would really think it's worth the effort

 

I agree with the comments above that if you want to go the CS route, go full out and double major. When companies see this, they take into account the difficulty of different majors. For someone double majoring, the expect someone's GPA to be a little lower, especially when one major is CS. In terms of demand, a friend of mine majors in CS at a non-target and went through the traditional application process (not through connections) after his sophomore year and landed an SA role with JPM. I would highly recommend at least doing something with CS as just saying you know coding languages on a resume could mean anything

 

I'd recommend double majoring rather than copping out with a CS minor unless you are absolutely certain you want to do BB IBD, because you'll have a lot more options if you do a full degree in CS. That is assuming, of course, you have sufficient time as a varsity athlete.

 
Nabooru:
Isn't it up to you whether or not your GPA drops?
What I'm asking is if putting the same amount of work into CS courses will normally result in a GPA that's .3-.4 lower than for easier courses. Then again meh.. maybe I could just work that much harder.
 

Almost everything you do nowadays requires a programmer behind it. It's the future, and it's certainly valuable knowledge to have. When programmers and machines take over the world, you will have a better chance of being deemed valuable enough to obtain a job offer.

 

I think it's a brilliant idea, but you better ace it. Don't drop your GPA on behalf of CS. And yeah, some people (lots of people actually) ace 3.9s in CS.

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely. And Rhaegar died.
 

I just posted in another thread advocating taking CS classes, but really it's up to what you want (careerwise). It might not help you as much in, say, institutional sales as it would in many types of trading (or even IBD, to a lesser extent). If your end goal is IBD though, I wouldn't place CS above accounting.

 

I wouldn't worry about the minor if you are interested in other classes. The comp sci skills are really only applicable in the world of finance when you earn a Ph.D. and decide to become a quant.

Just remove the minor from your resume as soon as you decide. You can always mention somewhere that you have taken various comp sci classes.

 

I actually did something very similar in undergrad. Similar major, attempted a similar minor. Upper division CS classes kicked my ass so I switched to Pass/Fail. I had it on my resume as long as I was in a CS class and took it off after. I don't think the Pass/Fail option matters unless you've taken a ton of Pass/Fail classes already.

The downside of not finishing this is that you sometimes don't get recognized for having survived all the CS classes. My GPA wasn't as high as it could have been since I was spending a ton of time programming, but because I wasn't an engineer/CS major, I felt like people sometimes ignored that I took those classes. I think I got the short end of the stick on that through job recruiting and subsequently when I was applying for b-school.

 

We've already established that you won't get the minor if you go P/F. My point was that I don't think companies will write you off if you've had one P/F class on your transcript. Isn't that what you're asking about?

 

Honestly I don't know that the CS minor really helps as much as we think it does. I kind of regret ever trying because in my experience, most people focus on the major and it took much more time and effort than it was worth and I ended up not getting it.

Having said that, I feel like you're really close (closer than I was) so that it may be worthwhile to suck it up and finish it. Even if you get a C+ in one of the classes (so long as that's the lowest grade you think you can get), your GPA won't move as much if you have a 3.0 overall with the rest of your classes. Once you have the minor, it might be more apparent as to how your grades got to what they are. If you don't get it, you're stuck with a 3.0 GPA as an econ major and might never get that interview to explain it away.

This is only based on my experience though, and this was a few years ago now...

 

The only other thing I have to say is that if you just want to enjoy your last college semester, then do that. I'm not sure if it's the right "career" advice but I remember long night programming in the computer lab and it sucks to have to do that before you graduate, esp. if you're not a CS major. You live once and (hopefully) go to undergrad once.

 

I'm in a similar situation and it's not easy. I was a summer analyst at JPM in equity research this past summer in nyc (didn't want to do it in the end - ib is more in line with my ideal career position). Anyhow, I had final round interviews at JPM, BAC and C and came out with nothing (not that they were really hiring anyway - Citi took the most and apparently the number was under 6 (my friend who's a first year IB analyst there told me).

I still have one more buyside interview left over winter break, but who knows what'll happen with that. I'm proficient in Mandarin and am trying to leverage that with finance to eventually do global IB or do emerging market/China investing with a US HF... right now just trying to get my foot in the door at these places, not too concerned about the position.

If nothing comes by early spring, I'm considering getting my MS at Columbia or heading over to China to get fluent and perhaps find an investment/consulting job over there. I'm not sure what would help me more in the end - the experience in China or a Masters here -- the thing is, I'm already in debt from my undergrad edu. and an additional two years would hurt.

So I feel where you're at... not an easy situation or decision. If you can afford to stay in school and get additional degrees, you might as well - doesn't look like things will be changing too soon. If you can't find a trading position at another firm, the MS in Financial Math sounds like the right path to me if you're only looking to accept a BB trading position.

Although I'm not looking to do much quant work in the future, if I did undergrad all over again I'd definitely add a minor in Math. I'd grab the Econ major if I were you. Best of luck!

 

i don't think you can get into a good financial math program without a stronger quantitative background than is provided in an undergrad finance/econ major; experience with differential equations is a prerequisite.

that said, by minoring in comp sci or math, you'll be a much stronger applicant. I'm considering financial math programs myself, and by minoring in math - taking a semester each of calc, stats, and linear algebra beyond what was required for an econ major at my school - my skills were up to par for the curricula, based on my discussions with profs.

MS in financial math is a good option for you if recruiting didn't go well - it's more academic than an MBA, so you have a better excuse for going directly to grad school (ie - you need to keep your math up to par).

 

There is no definitive best minor, so take what you are most interested in. That being said, accounting is a great double, as depth of accounting knowledge makes IB technical interview questions far easier. Economics, if a choice, is also a good pairing, as it teaches the logical thinking skills that sometimes are ignored in more computation and knowledge focused finance curricula (i.e. those where individuals can calculate option values with Black Scholes but have no intuitive understanding of what they're doing).

 

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