Choosing a Minor To Go With a Finance Major

camdanos's picture
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I am interested in trading, not really sure what type of trading though. I have just started reading a few basic trading books. I am a finance major at a non target and I have time to pursue a minor. I have narrowed my choices down to a minor in agribusiness and management, a minor in agricultural and Applied Economics, a minor in computer science, a minor in consumer economics, a minor in resource economics, a certificate in computing, or a certificate in computer systems engineering. Any help would be greatly appreciated.

Most Useful Minors for Finance Major

While several of the listed minors would be helpful in the trading profession, our users almost unanimously believed that computer science would be the most useful with math as a good alternative.

protectedclass:

Take whatever CS courses you have to take in order to get to the Algorithm and Data Structure course.

SamChappelle:

From the list you posted, I'd recommend minoring in computer science. The logic behind computer science is useful, and you'd probably learn a language or two, and, if not, you'd be able to pick one up very easily post-graduation. A minor in math would also be really useful if you plan on going to graduate school.

However, some users shared that you should major in something else that you are interested in that would make you a more well-rounded candidate.

firefighter:

People want kids who have second majors and minors in non-finance subjects because they are more well-rounded/interesting/whatever. Personally, I would take a kid with a double major in history and poli sci over a finance kid, all else equal, because they're probably more interesting to talk to.

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Comments (76)

Jan 16, 2012

CompSci.

Jan 16, 2012
A Posse Ad Esse:

CompSci.

agreed

Jan 16, 2012

Take whatever CS courses you have to take in order to get to the Algorithm and Data Structure course.

Jan 16, 2012

Math?

Jan 16, 2012

If you're unable to do math as a minor, do comp sci. Something quant-y shouldn't hurt, no?

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Jan 16, 2012

From a finance graduate, I'd recommend history. It will give context to your profession and to your plays.

Jan 16, 2012

I got my minor in Human Sexuality.

Nov 18, 2012

From the list you posted, I'd recommend minoring in computer science. The logic behind computer science is useful, and you'd probably learn a language or two, and, if not, you'd be able to pick one up very easily post-graduation. A minor in math would also be really useful if you plan on going to graduate school.

Nov 18, 2012

I should also mention that I don't really know what a certificate in computer systems engineering would entail, so that may me a good option but I'm not sure.

Dec 1, 2012

Political Sciences or Comp Sci

Dec 1, 2012

Computer Science forsure. I wouldn't pursue agribiz, unless you plan to go specifically into options & futures management. Political science will do nothing for you.

Jul 31, 2018

Political science is a solid minor. Adds to the well roundedness of the individual and if you gear your courses towards business like political economy it could give a macro advantage.

Dec 1, 2012

No it doesn't

Dec 1, 2012

As a guy who did a double major to show my dedication to finance;

No it doesn't matter. GPA is far more important. Pick a minor that you can enjoy and get good grades in.

Dec 1, 2012

Do you think philos. or any social science at NYU would be easy or would it be one of the harder minors?

Dec 1, 2012

I almost did a minor in sociology and found the classes to be easy A's. But I know some people who seemed to do surprisingly bad in the subject.

Ask upperclassmen at NYU who are doing those minors. It's going to vary school to school and teacher to teacher.

Also remember, GPA matters but have fun. Once you graduate, you'll never get the chance to live like an undergrad again.

Finally, networking is more important than your minor or grades to a degree. If you make a god impression during your internship, your boss isn't going to extend the offer to some anonymous guy with a GPA that's .3 higher than yours. Just meeting people in the field and letting them know (or finding out for yourself) what your interested in will give you more opportunities than what your minor is.

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Funniest
Dec 1, 2012

I love minors but sometimes you can get in trouble :(

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Jun 5, 2018
firefighter:

I love minors but sometimes you can get in trouble :(

Someone hire this man

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Dec 1, 2012

seriously though, no. in fact I've heard the opposite: people want kids who have second majors and minors in non finance subjects because they are more well rounded/interesting/whatever. Personally, I would take a kid with a double major in history and poli sci over a finance kid, all else equal, because they're probably more interesting to talk to (disclaimer: JUST ME THOUGH)

NYU has a fantastic philosophy department from what i've heard and you would be doing yourself a huge disfavor not to check it out

Dec 1, 2012

No. The problem is that we don't know what a minor means and even if we did, there's nothing to say you got all CS in your minor courses and balanced it out with As in your major coursework.

A double-major does make a difference in some cases. Adding Engineering or Math to Finance adds a lot of quantitative depth; adding finance or Econ to engineering overcomes some stereotypes (though adding conference basketball overcomes a whole lot more.)

Dec 1, 2012

illini what's your picture?

Dec 1, 2012

Oh, that's me. Now where did my Walter PPK go again?

Dec 1, 2012

I'll be doing a minor from september onwards. My first and second preference are marketing and corporate finance. Marketing because I want to broaden my views a bit, and corporate finance because the classes seem different than at my home-uni. What would u guys suggest?

Dec 1, 2012

Marketing is smoke and mirrors. CF is boring.

I'd take CF if i had only those two options but try for something fun. Again, this is coming form a Econ/Fin double major. That extra effort of mine was not worth shit compared to a little networking.

Pick a schedule that will let you find a part time internship if you don't care about partying. Work experience and networking trumps everything.

Dec 1, 2012
Victor252:

Marketing is smoke and mirrors. CF is boring.

I'd take CF if i had only those two options but try for something fun. Again, this is coming form a Econ/Fin double major. That extra effort of mine was not worth shit compared to a little networking.

Pick a schedule that will let you find a part time internship if you don't care about partying. Work experience and networking trumps everything.

I had to choose between 5 options, because those were the only ones in english, so i've put marketing as my first preference because I think it will allow me to have more time besides uni + there's possible overlap with my major(finance).

The marketing program includes pitching ideas to real companies, classes on negotiation skills and a teambuilding weekend.

I'm also doing a strategy consulting project besides my minor. I just want to get some experience there, so I'm doing as much as possible(within reason of course)

Dec 1, 2012

Minor has almost no impact. Take whichever minor you'd like -- definitely don't do it to better position yourself for an IB career.

Dec 1, 2012

That depends - what are your two majors?

Dec 1, 2012

Business Honors Program and Finance

So if you haven't guessed it yet, I go to UT.

Dec 1, 2012

I have a friend at UTexas. He is a 7th year bachelors student who thinks he's so cool because he has literally 5 minors, 2 majors, 2 bachelors.... He doesn't realize that all that shit adds up to nothing because it's just paper. He's never left the country, never learned a language, never had solid internships with reputable players in his field of interest.

I highly recommend to leave the country, travel and do a reputable summer school program (LSE Summer program is a 3 week, intensive 1 course program: good example of what I'm talking about) and do some backpacking before and after. During interviews, your interviewer will ask you about it, you can actually have a conversation with your interviewer rather than talk about your extra minor.

Best of luck.

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Dec 1, 2012

everything helps with the big picture.

Dec 1, 2012

Unless you are paying yourself and want to save money and work instead, don't graduate early. An easy final semester, or one where you tie up a minor is a great idea. Remember when you join the real world all of those college fun times change. You have to get up at the same time every morning, can't binge drink 4 nights a week, and work 100 hours a week (that is if you get into a banking job). Anyways you're a sophmore, study abroad, take some more interesting classes, you might not get into everything on schedule and need the extra semester anyways. Come back and ask the question if you're still confused first semester senior year.

Dec 1, 2012

cares?

Dec 1, 2012

forget the minor. if you've got a job lined up, travel that last semester instead of taking it easy at school. you can do it cheaply if need be through a lot of volunteering-type orgs

Dec 1, 2012

Thanks for the comments guys.

Dec 1, 2012

minor isnt a big deal when applying for banking, as long as you know your stuff

Dec 1, 2012

If you have a job, absolutely forget the minor and go travel. Get an apartment in Austin so you can hang out with your buddies but take the money saved on tuition to go backpacking for a month or something. I honestly found that the more I talked about things I had done outside school the more interviewers liked me, and the less likely they were to ask brutal questions. When I didn't feel it clicking I got the tough questions I think.

Dec 1, 2012

The advice that has been said is good. Forget the minor, it doesn't add any value to your resume unless its one of those specialized minors that are very selective. You have two pretty good options for the semester. You can travel, which is something I really wish I could do before becoming a banker. I think it will definitely help with your sanity later on. The other, and more practical option is breaking up your courseload so you have it a little easier in your toughest semesters. This will boost up your GPA and give you some extra time to focus on extracurrics, recruiting, etc. I'm also planning on taking some classes that I was always interested in as a pass/fail - advanced public speaking, psychology, literature.

Dec 1, 2012

i will go against the crowd. dont take a double major or minor. spend the semesters doing CFA level 1 AND dealmaven financial modelling.

Dec 1, 2012

The Business Honors and Finance major kind of coincide, so it won't be hard to complete. And from what I heard BHP really gives an edge to UT kids during recruitment.

But thanks for everyone's opinion, I really appreciate it.

Dec 1, 2012

If you're a business major looking to get into fundamental finance roles, then no.

Dec 1, 2012

I would choose one, and do extremely well in whatever you choose.

I have a tender spot in my heart for cripples, bastards, and broken things

Dec 1, 2012

Your CS minor would only be helpful if you're planning to get into Haas MFE

Dec 1, 2012
TrialandError:

Your CS minor would only be helpful if you're planning to get into Haas MFE

If he hasn't done a CS or Math major in the first place, then he will not be allowed into MFE.

OP, please specify your major. If you're undertaking a business major, then it is just not worth the CS minor.

Dec 1, 2012

bad sign for your P/NP classes. if you apply to grad school, it almost sounds like you're not hardworking or trying to hide bad grades.

CS is useful for the boring curriculum, hardcore training, and the logical mind required to build programs.

Dec 1, 2012

I would only be P/NPing 2 classes total over 4 years of college, and those 2 classes would be during my freshman year.

I mean yeah obviously I would rather get an A in the class than P/NP, but idk if I would rather get a B than P/NP.

Dec 1, 2012

Minors as a whole are useless. If you aren't majoring in a subject, getting a minor instead will do very little for you.

Dec 1, 2012

Having a technical/STEM component to your education will always help you and open up lots of new possibilities. Your school may be different, but at most schools a STEM minor is a lot of work. Most people that get them are already in another STEM major and already have all of the necessary pre-reqs, which may be a couple of years of work (more than one class each in calc, physics, chem, etc.).

What I'm saying is that adding a Comp Sci minor may be a ton of work, and it might make more sense to just get a double major (assuming you can add an extra year or so to college).

Dec 1, 2012

might give you more tough courses to count, technical education, and possibly edges in recruiting networks or chances to transfer if you're not already in top targets.

Dec 1, 2012

I can't speak to how it would help you in a finance career. I minored in computer science and ended up loving it so much I took every class I could. It ended up being tremendously helpful in getting me into the tech role I have now.

If i could have changed my major I would have, but the extra 2 years to do so wasn't worth it. I just piled on the courses and let my transcript speak for itself.

It is a lot of work as TechBanking said. I probably spent more time on my minor than I did on my major(operations and logistics), but it's also a ton of fun. Watch out or you might convert :)

Dec 1, 2012

edited- take/learn more math classes if you feel insecure about that.

Dec 1, 2012

don't forget about comp sci courses too

Dec 1, 2012

what sort of compsci courses? Anything specific?

Dec 1, 2012

Either way you'll be fine. I think it's more important you pick whichever route allows your GPA to stay at the highest and worry more so about getting good internships.

Dec 1, 2012

Doesn't matter, whatever you want or whatever is easiest. You don't have to put it on your resume, if you don't want to.

Dec 1, 2012

Mathematics
Electrical Engineering
Computer Science
- you will learn something

Dec 1, 2012
nori90:

Mathematics
Electrical Engineering
Computer Science
- you will learn something

This. Good luck with no social life though.
Pepper your angus, brah.

Dec 1, 2012

political science, law, psycology

Dec 1, 2012

Ive never heard of needing a minor if you double major and most Bachelors of Business Administration's in finance dont require a minor like accounting BBA

Dec 1, 2012
smallmoneygrower:

Ive never heard of needing a minor if you double major and most Bachelors of Business Administration's in finance dont require a minor like accounting BBA

That's what I thought....Even if you triple major you still need a minor at my school

Dec 1, 2012

hey um thats insane kudos for double majoring and getting a minor also I would major in econ and minor in psycology then get an MBA from a public Ivy like University of Vermont

Dec 1, 2012

Go with Psychology if you want to go into trading or anything investment related. If you want to go into IB then choose something specific to what interests you.

Dec 1, 2012

Minor in something that you really like. It doesn't need to be anything remotely related to banking or finance, and it doesn't need to be even useful at all, just something that you have an interest in and can talk about coherently in an interview. I took a few years of Arabic and then picked up some Middle Eastern history to get a minor. When I was interviewing, people seemed to like asking me about that.

College is too short. Study what you want. Only do a minor if you actually like the subject. Otherwise it's a waste of time that you could spend otherwise studying something else or boning up on your two majors.

"It doesn't matter where you are or where you came from: it's about where you're going."

Dec 1, 2012

History would round anyone out well.

Dec 1, 2012

Classics obviously

Dec 1, 2012

I'd do something writing-based and interesting, like History, Political Science, Philosophy, English, Psych, etc. You're already double majoring in pre-professional subjects. You don't even have to put the minor on your resume if you don't want to, but I think that it would make you more rounded to add it on. Makes you seem less boring, imo.

If you do a minor in math or CS or whatever, it might end up being too much to handle given your double major. One of those minors would probably add a slight-slight-slight boost to your app given that you're coming from a non-target, as long as your GPA didn't go down (and if that is likely, then you shouldn't minor in any of those subjects). But either way, I don't think it's worth it. Learn something interesting and just network a ton.

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Dec 1, 2012
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