MSC Finance or MSC Finance and economics

Ahoy there! It seems like you're at a fascinating crossroads with a solid background in computer science, mathematics, and a keen interest in finance and economics. Based on the most helpful WSO content and insights from the community, let's dive into your query about whether an MSc in Finance or an MSc in Finance and Economics would better position you for a role at a hedge fund.

Given your technical skills in Python, R, and your IBM data science certification, coupled with your experience in financial forecasting and machine learning models, you're already standing on a strong foundation. Hedge funds value candidates with a robust quantitative background, as data analysis and predictive modeling are crucial in today's investment strategies.

MSc in Finance typically focuses more on financial markets, investment strategies, corporate finance, and financial instruments. It's a pathway that can provide you with a deep understanding of financial theories and their application in real-world scenarios, which is invaluable for hedge fund roles that require a strong grasp of financial markets and investment analysis.

MSc in Finance and Economics, on the other hand, combines the financial insight of a finance degree with a broader understanding of economic theories and policies. This combination can be particularly beneficial in macro-focused hedge fund roles, where understanding global economic indicators and policies is crucial for making informed investment decisions.

Given your background and interests, here are a few considerations:

1. Your Career Focus: If you're leaning towards quantitative analysis, algorithmic trading, or risk management within hedge funds, an MSc in Finance might offer more specialized courses tailored to these areas. However, if you're interested in roles that require a broader understanding of global markets and economic policy (such as macro hedge funds), an MSc in Finance and Economics could provide a more rounded education.

2. Curriculum and Electives: Look closely at the curriculum and elective options of the programs you're considering. Some MSc in Finance programs offer electives or tracks in quantitative finance or financial engineering, which could be highly relevant to your interests. Similarly, MSc in Finance and Economics programs might offer electives that allow you to delve deeper into economic theory or financial econometrics, complementing your technical skills.

3. Hedge Fund Hiring Trends: Hedge funds are increasingly valuing multidisciplinary skills, including not just finance and economics, but also data science, machine learning, and programming. Your technical skills and experience in financial forecasting and machine learning could be a significant asset, and either degree could be complemented by these skills.

In conclusion, both degrees have their merits, and your choice should align with your career aspirations and the specific areas within hedge funds that interest you the most. Given your technical background and interest in economics, you might find the MSc in Finance and Economics offers a broader perspective that complements your skills. However, if you're more inclined towards the technical and quantitative aspects of finance, an MSc in Finance could be more aligned with your goals.

Remember, the reputation of the institution and the network you build during your studies can also play a crucial role in landing your dream job at a hedge fund. Best of luck with your applications, and may your journey be as exciting as a barrel of monkeys discovering a treasure trove of bananas!

Sources: MSc in Economics to get into S&T, Best/Most Realistic Route into Hedge Fund, MSF Class of 2018, Car Salesman w/ Degree in Econ Trying to Redirect Career Path, What career path will be the best to take if I want to land a hedge fund job?