Double major in Math and physics OR MS degree in physics

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SUMMARY

The discussion centers on the decision between pursuing a double major in Physics and Applied Mathematics versus obtaining a Master’s degree in Physics as a concurrent program. Participants agree that a double major is more advantageous for applying to PhD programs in finance or financial engineering, as it demonstrates proficiency in mathematics, which is valued by graduate schools. A Master's in Physics may not significantly benefit applications in finance and could potentially detract from the candidate's focus on financial studies. The suggestion to declare a minor in Economics is also presented as a viable option to enhance qualifications.

PREREQUISITES
  • Understanding of graduate school admissions processes
  • Familiarity with finance and financial engineering concepts
  • Knowledge of the importance of mathematics in academic applications
  • Basic awareness of academic program structures (majors, minors, and graduate degrees)
NEXT STEPS
  • Research the requirements for PhD programs in finance and financial engineering
  • Explore the benefits of declaring a minor in Economics
  • Investigate the curriculum for a double major in Physics and Applied Mathematics
  • Learn about the implications of a Master's degree in Physics on career paths in finance
USEFUL FOR

Undergraduate students considering graduate school, particularly those interested in finance or financial engineering, as well as academic advisors guiding students in their educational paths.

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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