Non quant roles that use heavy math

Based on the most helpful WSO content, here are some non-quant finance roles that still involve significant math while allowing for networking and people-oriented work:

1. Sales & Trading (S&T):

   • Traders often use advanced math to analyze markets, price derivatives, and manage risk. While not as quant-heavy as roles in top quant funds, S&T requires a strong understanding of financial models and quick decision-making.
   • Sales roles in S&T are more client-facing, involving relationship-building and networking, which aligns with your preference for a people-driven career.

2. Investment Banking (IBD):

   • While not traditionally math-heavy, certain divisions like M&A or capital markets require strong analytical skills and financial modeling expertise. You’ll work on valuations, deal structuring, and presentations, which involve applying mathematical concepts in a practical context.
   • This role is highly people-oriented, with significant client interaction and networking opportunities.

3. Hedge Funds (Non-Quant):

   • Many hedge funds have roles that blend fundamental analysis with some quantitative work. For example, macro funds may require you to analyze economic data and trends, which involves statistical and mathematical reasoning.
   • These roles often involve collaboration with portfolio managers and clients, offering a balance between math and interpersonal interaction.

4. Private Equity (PE):

   • While PE is more about deal-making and operational improvements, the financial modeling and valuation work require a solid math foundation.
   • PE roles are highly relationship-driven, involving networking with investors, company executives, and other stakeholders.

5. Risk Management:

   • Risk management roles in banks or asset management firms involve using statistical models to assess and mitigate financial risks.
   • These roles often require collaboration with traders, portfolio managers, and other teams, offering a mix of technical and interpersonal work.

6. Corporate Finance (Treasury or FP&A):

   • These roles involve budgeting, forecasting, and financial analysis, which require a good grasp of math and financial principles.
   • They also involve working closely with various departments and presenting findings to senior management, making them more people-oriented.

Given your interest in math and finance, a double major in these fields is an excellent choice. If you’re considering a PhD, it could open doors to more specialized roles, but it’s not necessary for most traditional finance careers. Starting with internships in S&T or IBD during college can help you explore these paths further and refine your preferences.

Sources: Advice On a Career, Accounting vs Finance: Part 1 – Career Paths, New breed of Finance and Capital Markets Professionals, Most academic style of investing that requires the most thought?, Q&A: Non-finance major --> BB IB --> Director at $5B+ Multi-strat HF (in 6 years)