Physics Major For Hedge Fund Job

I really enjoy physics but also have a passion for investing. Is it a bad idea to major in physics and minor in finance? Even if my GPA was a 3.2? Also, I am not looking for a quant role. Would hedge funds also care at all for looking at track record in the stock market over 4 years?

 
Best Response

Programming is not the most important aspect of being a quant, i wouldn't say... Obviously the job varies. But the programming required for doing quantitative research is often not that hard. Understanding the math, model selection, data selection, etc. is more important. Adapting existing code out there to do what you want to do is generally not that hard from a programming perspective.

Often times, the data/variables/factors/models that are selected have a strong fundamental basis/reason. The constraints put on the model are also often fundamentally/economically based. For example, you might say that variables X and Y should always be positively correlated given some economic/fundamental reason (even if that isn't always true empirically) so you will prevent your optimization engine from doing certain things given that assumption.

I guess if you really enjoy digging into specific companies then that's fine. But I think it's a mistake to think that there aren't a lot of interesting financial/economic understanding behind quantitative models.

 

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