young lad looking for input
I have several questions and conerns and was hoping you guys could help me out and give me you input. 1. What is the future of finance, specifically S&T, going to be like with regulation such as Dodd-Frank and the Volcker rule? I understand that much of the profit of the big investment banks come from their trading activities, so how will they be affected by the Volcker rule which will, in my understanding, prohibit all prop trading by banks?
- With trading becoming more computational, algro trading has risen dramatically in terms of volume, is it better to major in computer science/math rather than econ or finance. Majoring in comp sci or math would also allow me to develop skills that could be used in other careers. Majoring in finance/econ would make a 'book'
My main concern is how regulation will effect employment opportunities. Will trading still be strong on the private side (private equity, hedge funds, prop shops)? What do you guys think will happen in terms of regulation to the derivatives market?
lad
tl;dr
If you are still in high school and know you'd like to pursue high-finance, go to Rutgers for 1-2 years, work hard (as you should anyway), and transfer to a better school.
In regards to regulation, nobody knows and that risk is a cost of entering this field of work.
http://bit.ly/MorzuZ
"he knows what the Volcker rule and he's in high school? he must be a troll" This is what everyone said on my post. You never know with that shit man, hopefully all that stuff won't pass.
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