Math Double major in Math and physics OR MS degree in physics

AI Thread Summary
The discussion centers on the choice between completing a double major in physics and applied math or pursuing a concurrent MS in physics before graduation. The individual seeks advice on which option would be more beneficial for applying to PhD programs in finance or financial engineering. The consensus suggests that a double major may be more advantageous, as it demonstrates a solid foundation in mathematics, which is valued by graduate schools. There is skepticism about the relevance of a master's in physics for finance-related programs, with concerns that it could be detrimental if pursuing a different field. Additionally, the individual inquires about the potential benefits of declaring a minor in economics, given their background in economics courses alongside physics. Overall, the emphasis is on the importance of a strong mathematical background for future studies in finance.
physics8726
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HI,

I have two choices right now to finish before graduation:

Double major in physics and applied math And MS in physics degree ( concurrent program)

I could only finish one of them in May next year. After graduation, I want to apply for a PhD program in finance or financial engineering. Which choice is more helpful?

I appreciate your advice!
 
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While I have never been on an admissions committee, and I don't really know anything about finance engineering, I would think having the double major (as long as they will produce good grades) would be better. Graduate schools will like the fact that you officially know math. A masters in physics may be helpful for getting into a physics program, but I doubt it would hold much sway for finance, it may even be hurtful if you really wanted to pursue a different degree. Why not just go for an applied math graduate degree with an emphasis on some type of economics or finance? There's my completely biased perspective.
 
Mindscrape said:
While I have never been on an admissions committee, and I don't really know anything about finance engineering, I would think having the double major (as long as they will produce good grades) would be better. Graduate schools will like the fact that you officially know math. A masters in physics may be helpful for getting into a physics program, but I doubt it would hold much sway for finance, it may even be hurtful if you really wanted to pursue a different degree. Why not just go for an applied math graduate degree with an emphasis on some type of economics or finance? There's my completely biased perspective.

Thanks for your advice. I also think the double major is better. I cannot go to applied math graduate degree because I only started applied math study last semester. I cannot finish it in May next year. Actually when I took physics courses, I took some other economic courses but not declare a minor. Is it better to declare a minor in economics?
 

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