Social science major - go for Stats minor or mix of financy classes?

Hello all,

I am in a Psychology program at U of I. I have been doing nonstop business research for the last several months, and am now looking at S&T with the chance of going into HF eventually.

I HAVE used the search function, but haven't found answers to this question in particular:

I know it is possible to get where I want to go without a finance/econ/math/business/engineering degree, but in order to increase my chances, would it behoove me more to get a Stat major, or just take financial/economic classes? Or do something totally different?

Thanks!

 

I did econ/stats. I noticed a fair number of the older interviewers really respect stats because when they were in school programs like SAS, STATA, R, ect. were not around or not very strong. Thus they still feel it takes a whole lot to be very good at stats when in reality you don't get to the very advanced proofs and hand done work mostly till grad school.

So stats isn't bad. From what I hear though I bet applied math would be better for S/T. However, I've never had any experience in S/T so take that point carefully if you want.

"If you want to succeed in this life, you need to understand that duty comes before rights and that responsibility precedes opportunity."
 

The trade-off between more psych courses and stats/econ courses is what's relevant here. If you're majoring in psych because it's interesting, and stats makes you grit your teeth, that's kind of a tough choice. If you're interested in possibly going to grad school for psych, they will likely look favorably on a solid stats background so the more stats the better.

Generally speaking, I think stats > econ/finance, but you should try and have at least a couple econ or finance classes if possible. Majoring in stats would be best, IMHO, but I think you'd be fine taking as many stats/math courses as possible with a psych major.

 

Ipsum voluptatem illo sunt mollitia ducimus. Omnis qui at non rerum id. Qui ut eveniet aliquam tempore eum distinctio deleniti.

Aliquam veritatis qui et quam quia qui. Corporis soluta nesciunt aperiam eligendi adipisci.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”