Joint Maths and Economics - Sufficient Mathematics for Quant Roles and/or Mathematics based masters?
Following on from my previous post (regarding a split uni course decision) I have decided to investigate each course a bit further. I had a couple questions regarding a joint Maths and Economics degree (In the UK, at LSE if that matters).
1) Looking at the modules, there are a lot of traditional 'quant' modules. Lots of free options too, where I can pick relevant modules that are missing from the set course. However, there are still many modules that look good that cannot be taken. For example, in Year 2, I have to pick between econometrics 2 (time series analysis) and differential equations. Both are super interesting, but I will have to pick it up as a free module choices, meaning I cannot take options such as Stochastic Processes. Aside from programming (which I am confident in picking up in my free time), there are a few key modules that it seems I simply cannot pick. How stringent is the recruitment process in the quant trader/researcher sphere? Will I be significantly decreasing my chances in the industry by picking such a degree?
2) Kind of similar to 1). Does a joint degree teach enough mathematics to warrant a place on a mathematical based masters? If the answer to 1) is "Very likely to hinder your chances", then it makes sense to try get further education, whether that be through a MFE, Mathematical Finance or Advanced Stats masters/PHD. However, this is only plausible if, of course, a joint degree is acceptable as a pre-requisite course. I have had a look at a lot of masters, and it is unclear to me the exact requirements. It normally states 'a highly quantitative subject' (particularly the Mathematical Finance courses), but does not go any further.
Any advice is much appreciated.
I would say Maths with Economics at LSE is better, you want to do more rigorous mathematics modules and Maths w Econ probably sounds better to employers too
Stop stressing about this, and focus on achieving the required grades to secure your place at LSE. I know people at LSE with Econ working at P72/Optiver/IMC.
If you don't pass their first round screening(test), the course or institution you are affiliated with is insignificant. You know what you want, chat with people in the industry, understand the processes by speaking to HR at career fairs and smash them with consistent practice.
Go into your first year with an open mind, and double down on Quant and IB(S&T), you want to make sure your CV is as competitive as possible and perhaps you have a safety net if your Quant app did not go as planned(The competition is mind-bending).
Finally, no university course will teach you interview-like questions for these firms, go to Reddit, buy the Bible required, and consolidate it with Harvard Stat 110, meanwhile don't forget to keep brushing up your mental maths speed.
Thank you! This is what I needed to hear.
this is really helpful, do you work in a quant shop?
lol one of these is not like the others…
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