Warwick MORSE vs MathStat
Hi. I've recently received an offer for MORSE at Warwick but I was wondering if I should switch to Mathematics and Statistics. My end goal would be breaking into quant roles or maybe IB (trying to keep my options open). MORSE contains economics modules and leaves very little room for optional modules, while MathStat allows me to take other modules eg. Further stats or CS which may be useful for quant roles. What do you think?
Can't post links but the MORSE and MathStat modules can be found by looking up "Warwick MORSE/MathStat course handbook"
Based on the most helpful WSO content, here's what you need to know:
Warwick MORSE vs MathStat for Quant Roles or Investment Banking
MORSE (Mathematics, Operational Research, Statistics, and Economics): - Pros: - Includes economics modules which can be beneficial for understanding market dynamics, useful in both quant roles and IB. - Provides a broad foundation in various quantitative disciplines. - Cons: - Limited room for optional modules, which might restrict your ability to specialize in areas like further statistics or computer science.
MathStat (Mathematics and Statistics): - Pros: - Greater flexibility to choose optional modules, allowing you to tailor your studies towards further statistics or computer science, which are highly relevant for quant roles. - Strong focus on mathematical and statistical foundations, which are crucial for quantitative finance. - Cons: - Lacks the economics component, which might be a slight disadvantage if you are considering roles that require a strong understanding of economic principles.
Recommendations:
Conclusion:
If your primary goal is to break into quant roles, MathStat could be the better option due to its flexibility and focus on relevant technical skills. However, if you want to keep your options open for both quant roles and IB, MORSE provides a well-rounded education that includes economics, which can be beneficial in both fields.
Feel free to look up the specific course handbooks for more detailed module information to make an informed decision.
Sources: MBB vs Quant at IBank, Math PhD to IB (M&A), What percent of Warwick will get into ib roles, MIT vs. Princeton vs. Yale undergrad for quant hedge fund, Am I wasting my Ivy degree on CS? Do I make the switch to Wharton? - Advice Needed!
bump
bump #2
Both are strong courses and slight changes in modules won't really move the needle.
Greater optionality is always nice, you can also take WBS Modules which are very popular.
Thanks! What type of business modules would you recommend me take during my UG years?
Guessing you do Maths and FM, mind if i DM?
go ahead!
For IB, it won’t matter.
For quant, maths and stats would be the more standard route. I definitely know more maths and stats students at Warwick going into quant than MORSE students but that’s probably because maths and stats students tend to enjoy maths more and so are just naturally better quant candidates.
The reality with MORSE is that by the third year most students are doing almost entirely business modules with very little stats and no maths. If you enjoy the maths/stats and are good at it (which you’ll need to be for quant) then it’s very possible to do MORSE while taking lots of maths and stats modules, in which case you’d be a strong candidate for quant roles.
Overall, if you’re really into maths and quant then I’d do maths and stats. If you’re a bit unsure and think you’ll likely be more interested in IB, then MORSE would probably be the better choice because it’s simply less hard (at least in my opinion).
I would check this with the department, but I also think there’s the possibility of choosing MORSE and then taking the correct modules so that you’d be eligible to switch to maths and stats for second year and vice versa.
Hey! Thanks for the reply. Im currently leaning towards quant roles since I generally find doing hard math fulfilling. What I'm worried about is if companies think that coming from Warwick with MathStat means I wasnt good enough for other unis, while MORSE is unique to WW.
Do you know what sort of ECs I should be doing if I want to keep my options open (both IB and quant)?
No, companies will know you weren't good enough for other unis regardless of whether you do MORSE or Maths+Stats 😂😂😂. But is not that deep anyways, not everyone can go to the top 3-4 unis
WW is notorious for the 'Oxbridge Reject' tag especially if you are doing anything related to Maths or Economics
This is definitely the wrong way to think about it. It’s not correct for multiple reasons:
Particularly with quant, they’re very meritocratic. As long as your uni is good enough and your course is mathematical enough (both MORSE and Maths Stat at Warwick are), they’ll send you an online test and see how you do. If your test is good enough, they’ll ask you for an interview. How you perform in these is all that really matters.
Another bit of advice I’ll add. How well you do in your degree matters as well. For quant, you basically need a 1st. For IB it’s not required, but definitely helps. Choose the course you think you can do best in. Since they’re quite similar, I think it comes down to which you’ll enjoy the most, as that will play a big role in how well you do. If you don’t have at least some interest in economics then I wouldn’t do MORSE as you’d be better off sticking with Maths Stat since you’ll only have to do modules you’ll enjoy.
Officia pariatur at laudantium sed sequi atque. Recusandae similique hic autem. Cum assumenda ullam eos non qui at. Veritatis est necessitatibus et eaque iste.
Quos qui doloremque sapiente non. Provident porro ratione recusandae pariatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...