In reply to In case this is not a by Gekko21. As hard as it may be, do you think it’ll still be somewhat manageable? +Bonus: Get 27 financial modeling templates in swipe file. (such as math/engineering). Statistics Canada (StatsCan): Canada's government agency responsible for producing statistics for a wide range of purposes, including the country's … I think the OP is asking whether a stats major or a math major is more attractive in terms of rigor and recruitment.. Also for trading the stat is definitely going to help you out because so much of trading is based on expectations and probability. I also go to a school where stats is a strong program. It is perfect for those who have nothing in common with numbers or formulas. Caring for terminally ill parent while in IB, 1st Year Analyst in Investment Banking - Mergers and Acquisitions">, Prospective Monkey in Investment Banking - Mergers and Acquisitions">, 1st Year Analyst in Investment Banking - Industry/Coverage">, Q&A - I'm a Non-target who broke into MM IB with no prior experience, Investment Banking Interview Questions and Answers, Modeling Training - Special for WSO Members, Is a Statistics major considered quantitative? I can't speak for anyone whose curriculum was "easy," but my resume is decorated with all types of mathematics awards and data analysis projects (I'm actually not asian). so you can reward or punish any content you deem worthy right away. ", ‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. In reply to Ok, I'm a stats major, at a by Anonymous1, In reply to Anonymous1 wrote: You’ll have to do at least the Calc (1-3) series along with linear algebra and differential equations as well. Requirements for a degree vary from one institution to another, so be sure to check with your own college or university catalog to be certain what you will need to take in order to graduate with a major in statistics. IMO perfect combination. However, exams are not that complex, either – students are told exactly what they have to learn. Is statistics a "good" major? I think it depends on whether the probability/stochastic processes/stochastic calculus courses fall under the stats department or math department at your school. Get instant access to lessons taught by experienced private equity pros and bulge bracket There is no guarantee that u'll land an offer with just a stellar gpa or major. investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. By using our Services or clicking I agree, you agree to our use of cookies. Is statistics a "good" major? {download FAQs below here}If I took the AP Exam, A-Levels, IB, or courses at another college, can I waive out of the pre-major Math requirements? - Comparison to, Certified Hedge Fund Professional - Vice President, WSO Discount - Financial Modeling Courses, 7 tips for picking up women and landing the job you want, Want to be a Trader? Yes, but only when we didn't spend the entire interview talking about my totally awesome credentials... Oh and you're right, I'm sure the interviewers really want to talk about C++ and Data structures over beers... your entire post you sounded like an obnoxious douche and only talked about yourself. The reason why people go the bio route is because a lot of the pre reqs are covered with it. This subreddit is for anyone looking for advice about undergraduate college admissions, including college essays, scholarships, SAT/ACT test prep, and anything related to college applications. That’s just one example, but you get the idea. Math by goingbrokeinNYC. Is a stats major viewed as not that big of a deal? This is key to statistics because the typical sample needs to be randomly selected from the population. Yes, but only when we didn't spend the entire interview talking about nerdy shit. Cookies help us deliver our Services. 6 straight semesters of academic overloads is hell. Probability gives us a way to determine how likely an event is to occur. If they wanted to talk computing, I had C++ and data structures. Well it depends on what you want to do. Something that you are going to spend so much time on shouldn't be JUST a resume builder. They say that both degrees perfectly complement each other! Figuring out how many red M&M’s there are in a bowl might seem like just a crowd-pleasing party trick, but if you apply the same math to bigger questions, you could help solve some major issues. Is statistics a "good" major? Overall, i think you've positioned urself very well for a trading role. Descriptive statistics is a set of brief descriptive coefficients that summarize a given data set representative of an entire or sample population. In less-quant interviews, I found myself drawing attention away from my resume and focusing on having discussions about the market. Requirements for a degree vary from one institution to another, so be sure to check with your own college or university catalog to be certain what you will need to take in order to graduate with a major in statistics. Math: Calculus (I, II & III), Linear Algebra, ODE, PDE, Real Analysis, Stochastic Calculus ©2005-2020 Wall Street Oasis. In fact, more so, in some cases, than pure math majors. If they wanted to talk finance,.. well, finance is easy. And it just ends up being a fun talking point in interviews. Personally, with as many schools as I've seen upping an emphasis on data analytics, going into stats is a great idea, especially if you eventually want to go into the research side of things. Even though my major isn't stats, i do find stats classes such as probability theory and stochastic calc very helpful for trading. A Statistics major is offered at my school and I was wondering as to people's perception to a statistics degree - is it considered quantitative and one of the "harder" degrees? Is a Statistics major considered quantitative? Before picking such combination, I talked to a lot of professors who worked in industry. Would Finance and Statistics degree be pretty good, or does it still pale in comparison to a Finance and Math degree? As a new user, you get over 200 WSO Credits free, But if you are seeking input on whether stats is a good major for a career in trading, then i would say Yes. Personally, with as many schools as I've seen upping an emphasis on data analytics, going into stats is a great idea, especially if you eventually want to go into the research side of things. Below is an overview of courses that commonly make up the core of a Bachelor’s degree in statistics. I feel like I’ll be able to manage with enough hard work. If you take stat and finance you'll be fine but keep in mind they hire liberal arts majors too. Also, after "basic" math classes, math gets really theoretical and it would have no implementation in finance, when stats you can always apply in finance. I'm currenty doing major in finance and minor in statistics. Whatever you choose though, make sure you keep your grades up... ie don't major in math or w/e if you can't handle it. Just major in whatever the fuck you want... at the end of the day, your major alone isn't going to get you a job. Haven't you asked this question like 5+ times throughout the different forums? I would say much tougher than the engineering programs, but not at the level of the math specialist. Would Finance and Statistics degree be pretty good, or does it still pale in comparison to a Finance and Math degree? Good luck! Stats: Sampling, Statistics (Intro & Multi), Probability Theory, Mathematical Statistics, Data Mining If the environment is a major concern for you, you might want to look at statistics project topic ideas such as ‘Plastic Pollution’. WSO depends on everyone being able to pitch in when they know something. Once you get an interview they don't care what super duper awesome math projects or differential equations you solved. So, I'm guessing traders do like statisticians. No squirtlez, I'm not a troll this is a legitimate questions. It's good that you also have some programming courses, will definitely help since most quantitative desks require coding knowledge. I was thinking about stats or econ + pre-med but after taking your feedback into consideration I might consider something else then. It also gives us a way to talk about randomness. Statisticians spend their days working to find the answers to problems in fields like medicine, marketing, education, and business. In reply to okay okay I get it, so: