Question on a course

Just curious how valuable you guys thing a course like this would be for S & T. If this doesn't sound useful, what should i look for in a stat course. I have to take at least 2 of them, so i might as well take 2 that will be useful to me.

"This course is a continuation of Economics 145, and gives
broader coverage of linear regression and the construction
of empirical models. Topics include the analysis of variance,
simple and multiple regression, index numbers,
forecasting, nonparametric methods, and statistical methods
for quality control."

Thanks

 

I am not in S&T but it seems apparent that statistics is a valuable background to have.

As far as the course goes, it looks like a beginner stat class. See if they have something that covers more topics.

 

Thanks a lot for your answers guys.

What courses would deal with behavioral finance? I have looked through my course book and don't see anything that seem to relate directly to the concept.

One more question, what math/stat classes do recruiters want to see on your transcript/resume? I haven't taken the prereq's to take the probability courses yet, so i'm looking for something else.

Thanks

 

stochastic calc is often mentioned as useful along with a solid background in probability and statistics (you'll likely need a course or two in prob/stat before you're ready to take stochastic). i'd imagine a class on differential equations couldnt hurt either as i've learned more about block scholes and option pricing in my math classes than i have in finance classes (though i doubt itd really be directly useful as far as landing interviews)

on the whole though, i seem to get the feeling that a ton of math isnt necessary unless you want to pursue a career that's quant heavy...is that accurate?

 

Intro stat/prob classes are all the same.

I don't know what recruiters want to see, but I know multivariable, linear algebra, probability (calculus prereq) would be the most useful (minimum should be the multivariable for non-math majors- w/o linear algebra as a prereq and some intro prob/stat class)

If someone wants to take more than I think they should stay away from abstract algebra after that one semester and go for an applied math/differential equations course (most univs have intro ODE/ intro PDE full-year sequence.

If you still have more time (math majors only probably) they should take some Intro Analysis. The other courses in undergrad math aren't too important. You'd want to take specialized math-finance courses if you continued after this.

 
deadjackal:
Intro stat/prob classes are all the same.

I don't know what recruiters want to see, but I know multivariable, linear algebra, probability (calculus prereq) would be the most useful (minimum should be the multivariable for non-math majors- w/o linear algebra as a prereq and some intro prob/stat class)

If someone wants to take more than I think they should stay away from abstract algebra after that one semester and go for an applied math/differential equations course (most univs have intro ODE/ intro PDE full-year sequence.

If you still have more time (math majors only probably) they should take some Intro Analysis. The other courses in undergrad math aren't too important. You'd want to take specialized math-finance courses if you continued after this.

...and who are you to be giving out this information?

 

I'm just a math major (lower ivy league). Also I repeat "I don't know what recruiters want to see"

The information I posted is based on the material relevant/required of most math finance grad programs and on a conversation with someone in FX structuring.

>Now Dave, I take it you're a hostile yale fratboy who'd rather suck a cock than differentiate? lol

 

A ton of math isn't a requirement to do trading for the most part. But realize that most of the traders have a fairly strong quant background (math, physics, engineering... undergrad) in some products like - interest rate derivatives, inflation derivatives, correlation products.

This is because if you understand the models, really understand them you can better implement what they tell you. I think it'd be very difficult to trade some IR derivs without having any idea what assumptions the pricing model was making, and how it was carrying out the analysis on the price.

So, taking some multivar, diffeq, linear algebra, high level probability, a stochasic processes course where you cover brownian motion, jump processes, etc. could be helpful.

 

Temporibus accusantium sit maiores aut sed quis eum. Nostrum et dolorum tenetur aut voluptatibus commodi non.

Doloremque magni amet ut est qui. Aut et est et molestias. Dicta esse autem et dolor.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”