Hope someone can chip in.
What's the long term pros and cons of these major.
Which one will be most helpful in landing a good gig at a PE or a hedge fund ?
BA Economics or BS Electrical Engg
Thanks
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Having done an econ degree, I feel the only benefit of it versus the math/phys/eng degrees is the fact that its generally easier to get a high gpa in econ.
Fully agree. However, which is more helpful for a position in PE/Hedge Fund industry.
Finance .
Take the major that you are interested in, and you will do better at it. PE/HF don't necessarily look for a specific major as long as you have the relevant experience later. The pros of EE is that if you don't want to do finance, you can do something else. Most of my friends in econ has nothing to do besides trying to get a job in IB or consulting. And their applications look pretty much identical.. Lots of econ major doing PWM internship during freshman or sophomore year, etc.
Do what you like...get good grades. If you want a goog gig at a PE/HF odds are you will find yourself in an MBA program. Undergrad is more or less a stepping stone. I have a BA in Econ and if I could do it over I would choose BS in anything Engg.
I graduated with an EECS degree. Best decision ever. I do quant, but I have friends from my program who joined IBD, S&T, AM e.t.c., and are killing it. Not only does it give you a solid quantitative foundation, it also teaches you of a structured and quantitative way to solve problems (not to mention stamina for finance hours...brings back memories of all those all-nighters).
That said, it's also very hard and time consuming, so don't do it unless you have decent foundations and some liking for the material. It'll ruin your GPA horrible otherwise.
LTV what do you mean you do "quant". Are you an actual quant? I've heard you need a phD or maybe a masters in FE do something like that.
Not necessarily, I have a friend major in mathematics. He is going to GS quant strategy full-time.
You heard wrong. On the contrary, if you've already taken all the courses needed (a very big if), it's actually easier to get a quant gig out of undergrad. The bar for quant is much higher for PhDs than for undergrads since PhDs are expected to know more and have higher base.
You really have to do what you want. You will already be sacrificing years of your life after college to attain career-related goals. It is important you do something you enjoy while working your way towards your post-college career
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