Considering a Quantitative path – Should I choose Mathematics with Economics, Mathematics, or Economics?
As I prepare to pursue my undergraduate studies at UCL after completing my foundation program, I’m aiming for a career in alternative investments (hedge funds) and quantitative finance. I’m torn between my options. While I have a strong passion for Economics and would love to include it in my studies, I’m concerned that opting for just a Mathematics degree might not encompass my interests. What major do you think would be the best fit for my aspirations?
One response
Choosing a major is a significant decision, especially when you have clear career goals in mind, like pursuing a career in alternative investments and quantitative finance. Here are some considerations for each option:
Mathematics with Economics: This option provides a strong foundation in quantitative skills while also allowing you to delve into economic theories and principles. This balance can be beneficial because quantitative finance often requires a robust understanding of both mathematical models and economic contexts. Plus, your passion for Economics will be incorporated into your studies.
Mathematics: If you choose a pure Mathematics degree, you’ll gain a deep understanding of advanced mathematical concepts, which are essential in quantitative finance. However, you might miss out on a more thorough exploration of economic theories unless you take additional Economics courses. If you’re more inclined towards the technical aspects of finance, this could be a good path, but it may diverge from your interests in Economics.
Economics: While this will allow you to explore your passion for economics deeply, it might not equip you with the same level of quantitative and analytical skills that are critical in fields like alternative investments and quantitative finance. However, many economics programs now incorporate quantitative methods, so this option can be strengthened by electives or a minor in mathematics.
Given your interest in both economics and a career in quantitative finance, Mathematics with Economics seems to be the best fit. It will provide you with the quantitative skills needed for financial modeling and analysis while allowing you to pursue your passion for economics. Additionally, you can always take extra courses or participate in projects related to finance to strengthen your resume.
Consider also looking into UCL’s specific course structure and opportunities for internships or practical experience in finance, as those can be as important as the degree itself. Good luck with your decision!