Choosing Between Mathematics with Economics, Mathematics, or Economics for Quant Finance
As I plan my undergraduate studies at UCL after completing my foundation program, I’m keen on a career in alternative investments, particularly hedge funds, and quantitative finance. I’m trying to decide which major would be the best fit for my goals. I have a strong passion for Economics, so I’m hesitant to choose a purely mathematics degree. What do you think would be the best path for me?
One response
When considering your options for a Quantitative finance career, especially with a focus on alternative investments like hedge funds, each of these majors has its own advantages.
Mathematics with Economics: This option strikes a good balance between the quantitative skills you need for finance and your passion for Economics. A strong foundation in mathematics will equip you with the analytical skills necessary for quantitative finance, while the Economics component allows you to explore market behavior, which is crucial in hedge fund strategies.
Mathematics: A pure mathematics degree provides in-depth knowledge of mathematical concepts and problem-solving techniques. This could be beneficial if you’re planning to work in heavily quantitative roles, such as algorithmic trading or quantitative research. However, it may lack the economic context that you seem to be interested in.
Economics: While this major would deepen your understanding of economic theory and markets, it might not provide the same level of quantitative training that you’ll need in quantitative finance roles, where strong math skills are critical. If you’re leaning toward more qualitative analysis, this could be a fit, but it may not be as advantageous for quantitative roles.
Given your interest in both Economics and quantitative finance, Mathematics with Economics seems to be the best fit. It will allow you to explore your interests in economics while also ensuring you gain the necessary quantitative skills for a career in alternative investments. Plus, UCL is well-regarded for both fields, so you’d be in a good position for networking and career opportunities in finance. Good luck with your decision!