Careers in Finance: Physics vs Business Majors

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SUMMARY

Firms in the finance sector often prefer hiring physics majors over business majors due to the advanced mathematical skills required for roles such as quantitative analysts and actuaries. The discussion highlights that many positions, particularly on trading floors, are filled by individuals with Ph.D.s in physics, mathematics, or engineering, alongside experienced computer programmers holding master's degrees. This trend underscores the importance of quantitative skills in finance-related careers.

PREREQUISITES
  • Understanding of quantitative analysis in finance
  • Familiarity with roles such as quantitative analyst and actuary
  • Basic knowledge of financial markets and trading
  • Mathematical proficiency, particularly in statistics and calculus
NEXT STEPS
  • Research the role and responsibilities of a quantitative analyst in finance
  • Explore the educational pathways for becoming an actuary
  • Learn about the mathematical techniques used in financial modeling
  • Investigate the impact of programming skills in finance careers
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Students considering a career in finance, professionals exploring job transitions, and anyone interested in the intersection of mathematics and finance.

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I've heard that firms tend to hire physics majors because business majors can't do the necessary math. Whats the difference? Sorry I'm a noob.
 
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Most often when people discuss physics and finance they're referring to quantitative analysts.

There are lots of areas of finance though, and a few other jobs may qualify - actuary, for instance.
 
XxsithlordxX said:
I've heard that firms tend to hire physics majors because business majors can't do the necessary math. Whats the difference? Sorry I'm a noob.

For some jobs that's true. I work near a trading floor, and the section of the firm that I work has about half Ph.D.'s (physics, math, engineering) and the other half experienced computer programmers with masters degrees.
 

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