Non-Econ/Math Major at the University of Chicago
Uhhh so basically, I'm an incoming student to UChicago, and I want to study econ but I'm doubting my math abilities since I heard it's heavily quant-based there.
I got perfect SAT/ACT Math and near perfect SATII Math 2 scores but like in terms of the AP Calculus exam I figuratively* got sodomized.
So what are other majors that would allow me to break into finance job? I'm not thinking i-banking specifically, but anything finance related I'm fairly interested (management consulting, etc.).
I was thinking International Studies (like IR) but I'm not sure, and I'm trying to figure this out before I delve into higher math classes this coming quarter and get (figuratively) sodomized again.
List of majors:
https://collegeadmissions.uchicago.edu/academics/…
Thank you in advance!
Didn't know Jerry Sandusky taught AP Calc.
Fucking awesome
Sorry, figuratively*
Could've actually helped in answering the question though.
don't sweat the AP. i did great on that thing, and literally remember nothing about calculus. AP exam scores are more about your high school teacher's ability to prepare you than it is about your abilities. if you want to study economics, study economics. don't default to your second choice, you'll regret it later.
Don't worry about it. I was also in a heavily quantitative economics program; prior to college, I took AP Calc AB and didn't even bother to take the exam because I knew I would probably fail. In short, my math skills suck. The great thing about quant econ, though, is that it is nowhere as involved as -actual- math is. Usually if you can memorize a few key patterns (can you differentiate? can you solve a simple ODE? can you do matrix multiplication?), you'll be fine. Half of introductory microecon is applying the same thing over and over (Lagrangian for optimization). I think the most hefty math I ever did in econ was a series of PDEs. Keep in mind you'd probably be taking some of these basic math classes (diffEQ, linalg, etc.) throughout college, so you'll learn the math in parallel with your econ.
If you wanna do econ, do econ. You're at a great school with a killer program. PM me if you want to look at some materials.
Yeah OP, just buckle up. I don't see the sense in quitting before you start. Your perfect math scored would indicate that you're not dumb so just take a little bit of extra time on the calc if that's a weakness.
OP: PM me -- former UC econ major
Chicandtoughness nailed it. While it is math based, the math you are doing is not terribly difficult.
If you can differentiate and do lagrangians you can do almost all the math with ease (except for econometrics). Also, while a lot of economics majors take analysis, if you would rather focus your time elsewhere Math 151-153 is pretty easy calculus and the rest of the math classes you need for the major are all geared for social scientists, not actual math majors.
PM me with any of your questions...as I am obviously a UChicago econ major lol
well, I wouldn't worry too much about this. If it still bothers you, you can take some online class from UCB or Baruch, NY.
Midatlantica is correct. The math is really not that hard in the econ program beyond the upper level stat/econometrics (which quite frankly was not that bad either). Just to put this in perspective, I did fine in the econ program there after testing into130's math and very little calculus in high school. Just work hard and you will be fine; UC is a great place to learn
Are there econ majors that start out in 131? I only got a 3 on BC and 4 on AB (I had a sub-par calc teacher).
OP: I am not sure, when I went to UC there certainly were a lot of econ people that started in 130's calc. I think you may(Midatlantica may know if current student) be able to though. Like I said, I didn't even take calc in high school and did well in my time there. Don't worry!!
Haha, you should be fine. 3 in Calc BC/4 in Calc AB isn't horrible....
Econometrics, at its roots, is just application of multivariate math (linear algebra) and statistics. And the glorious thing is that at intermediate/adv levels, no one expects you to do the math by hand -- it's all computerized. The things that you'll be tested on will probably focus on experimental setup and interpretation of results. But I guess I'm getting ahead of myself here...
^chic^ you are right. econometrics at UC, at least on test days, was being able to set up advanced models and interpret regression results for beta estimators. p-sets on the other hand were the bane of my existence :/
It's certainly possible to get into finance/consulting without an econ major at UChicago. Anecdotal evidence (but isn't that the best kind of evidence?), but I know at least a couple kids who have gotten these gigs while doing tangentially related majors (as if U of C econ is somehow "more" applicable... it's not.)
Be prepared to network, though, as there will, fairly or unfairly, be a certain stereotype that you don't know math, and you have to have a good answer as to why you weren't econ if you're looking for something down the corporate business path.
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