Where will be my undergrad major be most applicable/USEFUL??
My course name is -Bsc Applied Statistics and Analytics (It is very hard btw as they are teaching extra masters level stuff)
Coursework-
Correlation & Regression ,Stochastic Processes,Discrete &Continuous Probability Distributions,Linear Algebra,Numerical Methods,Python Programming,Economics,Sampling Theory,Sampling Distributions & Applications,Estimation Theory,Linear Programming,Transportation Problem,Decision Theory,Multivariate Calculus,R studio,Hypothesis Testing,Designs of Experiment,: Data Management,Time Series & Forecasting.
There is a lot of programming in Sem1-5 and Finance minor in Sem 6.Course also has Economics in sem 1-4.
If you can do ‘very hard’ courses at ‘masters level’ then I’m sure you can do your own research on where your super specific degree is most applicable.
Job most correlated with the material or highest paying?
both?
Dude u will not use any of this in banking most of the stuff they teach you in college is purely theorical and isn’t really applicable in the real world. It’s better to learn on the job and asses your skill set from there. However, there are some notaeble exceptions. After taking courses for his UPenn MBA Michael Milken learned about how high yield binds out performed triple As in the long run. That piece of knowledge went on to shape his whole career.
Python can be useful in a hf/S&T setting one of my mentors is a big fan of it and he says it helps him parse data a lot faster.
Yeah these skills would be most applicable in a HF/trading setting, or really any market facing role, because that's what firms use now to squeeze out any kind of alpha (advanced statistics, probability, programming, etc.). In banking, it would provide little to no value since the exact same skills to succeed on the job could be taught to someone who was literally a history major but has excellent communication skills. So I would target quantitative funds of all kinds, assuming you really do know your stuff. Only pursue banking if you intend to jump to a HF after with your background and are sure banking is the best route to get you there. But like I said, any kind of quantitative, market facing role (assuming you want that), should be your end goal with this skill set
LOL. This guy is apparently smart enough to go through a STEM Master's program, but is too much of a dumbass to do basic Google searche's to figure out what career paths are out there before getting his Masters.
You have a bright future in the back office.
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