Careers in Finance: Physics vs Business Majors

[XxsithlordxX]

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.

 

[Locrian]

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.

 

[twofish-quant]

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.