can i break into quant trading?
im currently a high school senior ( international baccalaureate ) and I will be studying at University of Amsterdam for Econometrics and Data Science. Over the summer i plan to learn languages like python and c++. I want to work at a large hedge fund as a quant trader or something in IB. I understand that these goals might be far fetched considering im a high school senior but from what I've seen online these kind of jobs in finance is really hard to get into without the right degree. Essentially my question is , would this degree be helpful in me getting a job in finance or should i switch to economics and business economics or something like a degree in AI
Based on the most helpful WSO content, your choice of studying Econometrics and Data Science at the University of Amsterdam is a strong foundation for breaking into quant trading. Here's why:
Quantitative Skills: Quant trading roles heavily rely on strong quantitative and analytical skills. Econometrics and Data Science provide a solid grounding in statistics, mathematics, and programming, which are essential for these roles.
Programming Knowledge: Your plan to learn Python and C++ over the summer is excellent. These are two of the most in-demand programming languages in quant trading. Python is widely used for data analysis and modeling, while C++ is often used for high-frequency trading systems.
Relevance of Degree: Econometrics and Data Science are more aligned with the technical and quantitative demands of quant trading compared to Economics or Business Economics. While Economics can be useful for understanding market dynamics, it may not provide the same level of technical rigor required for quant roles. A degree in AI could also be relevant, especially as machine learning and AI are increasingly applied in trading strategies, but Econometrics and Data Science strike a good balance between finance and technical skills.
Career Path: To further enhance your chances, consider:
Hedge Fund vs. IB: If your ultimate goal is quant trading at a hedge fund, your current path is more suitable than switching to a business-focused degree. However, if you lean towards IB, a degree in Economics or Business Economics might be more relevant, though IB roles typically value internships and networking over specific majors.
In summary, your current degree choice is well-suited for a career in quant trading. Focus on building your technical skills, gaining relevant experience, and networking to maximize your chances. Keep pushing forward—your goals are ambitious but achievable with the right preparation!
Sources: https://www.wallstreetoasis.com/forum/school/msc-finance-at-tilburg-university-or-msc-business-economics-financial-economics-major?customgpt=1, High School....now what? AM career??, Why you should consider Notre Dame for undergrad, Trading from non-quantitative degree, Best internships for Quant Trading?
I've already committed to econometrics and data science program, what about my chances of getting into IB then?
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