What's more important Computer skills or math? (help me) :)

I'm about to start my sophomore year at a non-target and have been trying to figure out my 4 year plan. Originally I was planning on majoring in a liberal arts major but found out that 1. The main options I get from that are law school (which I don't want) or a pretty useless job. and 2. I want to go into business.

So I decided to change my major and am going to aim for a job in finance, although I'm not sure yet which area I want to go into. Thing is, looking at my 4-year plan I realized that I can either double-major in finance and FSOS (Financial Services and Operational Systems: It's pretty much a specialized combination of Finance and CS that my business school offers). Or I can Major in FSOS and minor in math or major in Finance and minor in maths.

A minor in maths will teach me calc 3, linear algebra, and probablity+intermediate stats, and I can probably add some electives in.

I've heard that maths and computer skills are both needed but I'm not quite sure what's more important. Basically if I don't minor in maths then the most actual math courses I am going to learn in college will be Calculus 1 and Basic statistics (although I may learn some maths in some other courses).

Anyways, here are my 3 choices.
1. Finance + FSOS double major (very little math skills, only calc1)
2. FSOS + a minor in math
3. Finance + a minor in math (only extremely basic computer skills)

My goal is to get a good job finance (whatever that may be for a non-target). Work hard for 2-4 years and then get an MBA from a top 20 program.

If anyone could chime in that would be extremely appreciated.

BTW, if anyone wants to look at my school catalog or degree guide to have a look at the FSOS major (since I think some of you may not know exactly what it is) then I'll be glad to PM you for some more indepth information from one of you experts.

 

Finance + Math. I feel like interviewers don't want to know what FSOS is, and they get hardons for math.

Still not sure if I want to spend the next 30+ years grinding away in corporate finance and the WSO dream chase or look to have enough passive income to live simply and work minimally.
 
Dealem41:
Do programming and math + finance

Dealem41 brings up a good point: the important part is the programming knowledge. Even if you end up not including computer science officially in your major, you can show your skills in a skill section or relevant coursework.

Author of Polished and former CEO of the Boston Options Exchange, Managing Director at Goldman Sachs, and campus recruiter. www.PolishedU.com, www.GetHiredBlog.blogspot.com
 

They don't have a CS program in my school, but they do offer specific courses, I could however major in finance, minor in maths and take some CS electives which isn't actually a bad plan now that I think of it lol. Hmm gonna have to think about this too...

The FSOS program is the closest thing to a major or minor in CS. The thing is that the classes are more specific to financial analysis and data collection. Only differences is I take 3 less Finance classes than in an actual finance major. It is said to be the most rigorous business major in the school.

Again, if anybody would want to take a more in depth look at my schools programs for FSOS or another major and tell me what they think is best between my choices I'll gladly send a link via PM.

 
Best Response
siux:
Much easier to pick up programming on your own than math.
I think it really depends on what you want to do. I think everyone in finance and accounting should learn the basics of imperative programming, but if you want to be a hard-core developer, you do need to pick up some stuff in algorithms, data structures, multithreading, CS Theory, and the basics of OS's. A course in VBA alone isn't going to teach you how to beat someone else to market while running a really complicated lattice pricing model- but a course in Algorithms- which incidentally overlaps with computational theory in Math- just might. (It would also be wise to develop in C++ rather than VBA- and run it on a dedicated Linux server.)

My take is that anybody who can make it as a programmer, engineer, or physics major can do pretty well as a Math major- and college is one of your last chances to force yourself to learn Diffy'Qs or Real Analysis- so it's not a bad idea to focus on the math courses right now. If you're interested in programming, just make sure you get in some courses in algorithms and data structures and work on some projects with other programmers. You might be able to get hired as a programmer straight out of college, but worst-case, you can go back for an MS in Comp. Sci.

 
Xptboy:
Anyways, here are my 3 choices. 1. Finance + FSOS double major (very little math skills, only calc1) 2. FSOS + a minor in math 3. Finance + a minor in math (only extremely basic computer skills)

Note the way you yourself have posed the choices: the second one does not have the weaknesses of the other 2.

Also, if your double major is "finance and finance with..." it can sound like you are very obviously double-counting to have 2 majors.

Author of Polished and former CEO of the Boston Options Exchange, Managing Director at Goldman Sachs, and campus recruiter. www.PolishedU.com, www.GetHiredBlog.blogspot.com
 

For traditional groups in IBD like IPOs and M&A, math is usually less important. In the markets groups like trading, risk management, and analytics, though, stuff can get really technical. Research (actually trading and IBD, too) can vary a great deal but is generally somewhere in-between.

Programming is usually less important, but you'll find that it comes into play in a lot of groups where you wouldn't expect it- and it can get you a ticket into banking as a niche hire sometimes. My first two years in the financial industry were spent in a group called "Analytics" where we basically priced and calculated various measurements on different corporate bonds. We developed the models for figuring out the credit spreads on callable bonds- and guess what? The firm wanted us to be able to reprice and re-risk 500,000 bonds in 10 minutes. Bring in the distributed systems, caching strategies, multithreading, algorithms, network infrastructure, and everything else. A quick book in VBA or imperative programming can teach you how to program for Excel, but for anything that requires speed or scale (IE: algorithmic trading or risk management at a larger firm), you need something a lot more robust. A few algorithms and data structures courses will give you the foundation you need if you want to work on that kind of stuff.

 

I did a combined major in Finance & MIS and a minor in math, and I regret it. The MIS portion was complete BS, the finance could have been taught to a math audience in 2-3 courses, and the math was interesting. In retrospect, I would definetely do a math major and take a few CS classes if you can't do a minor in it. The finance can be picked up along the way. Take stochastic processes if your non-target has it, and make sure to at least take the right courses to be suitable for MFE if you decide to go down that road in the future- so differential equations, calc 3, linear alg, probability, and all the statistics you can find. Also, use accounting courses to boost your GPA, and also because you will need it at some point.

 

Dolor ut debitis accusamus enim atque at soluta. Voluptatem eveniet dolores et corrupti asperiores nihil fuga. Aperiam nihil aut veniam labore iure voluptatem. Vitae voluptatem id aperiam. Maiores laborum commodi in quidem totam fugit dolore.

Sit fuga molestias unde magnam et nihil voluptatibus. Mollitia voluptatem praesentium nesciunt quasi. Cumque nisi ipsa aut provident modi quo. Sapiente sed perferendis dolores esse. Aut repellendus maxime optio. Beatae est facilis dolorum est aut dolor optio.

Autem eius eligendi consequuntur enim distinctio. Magni a id expedita et illo. Recusandae aut consequatur ea ea quas.

Fugiat repudiandae vel id facere quia. Vel aut corporis nulla eos quo dolore.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”