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Econophysics, a good career path?

  1. May 28, 2012 #1
    I'm in my junior year of college of a major in physics, and i'm already considering my job oportunities. In a country like mine (i live in Colombia, by the way) is kind of hard to get a job as a researcher if you don't want to be a professor (my case) and the global landscape doesn't seem very promising either. So, i was wondering if you could recommend me some articles or books on econophysics. I just want to see what is it about, because, as a career path it seems better from a global perspective. Also, if any of you have worked in this field i'd appreciate if you share some of your experiences with me.

    Thanks in advance
     
  2. jcsd
  3. Jun 1, 2012 #2
    if you want to pursue a career in econophysics, it means you're most likely interested by a career in finance.
    you might want to look at opportunities to pursue a graduate degree in quantitative finance, financial maths, financial engineering.

    if you want to the road of physics, you need to seriously consider going into research and also becoming a professor because these are the advantages one PhD student has over those with Msc degrees.
    However from what I hear, you have good chances of getting a quantitative analyst/researcher/associate position with a PhD in Physics (imo I would make sure that what is taught in the PhD program is easily transfered to the finance world, maybe complex systems, non linear dynamics/physics etc . . .)

    there is an interdisciplinary program in physics that deals with econophysics at the university of fribourg in swizertland,
    I think the founder of the hedge fund capital fund management supervises PhD students in Paris france for polytechnique and Paris VI.
    there is also a program at the university of houston in econophysics.
    if you get in touch with these people they should be able to give you an idea about the field.

    hope that helps
     
  4. Jun 1, 2012 #3
    Once should point out that the mathematical methods that are associated with "econophysics" are hardly ever used in finance and probably won't help you get a job. If you are interested in working in quantitative finance with a physics focus, you are better off getting a straight Ph.D. in computational astrophysics and solid state.
     
  5. May 25, 2013 #4
    Google.video.uk ` Bits and Codes.` Lecture 2 MIT 6.050J Information and Entropy. Professor Seth Lloyd. The really interesting bit showing that gravitation in cosmological systems and debt in economic systems are one and the same and that an economic collapse may be understood in terms of theoretical physics comes at c. 55:00.
     
  6. Jul 19, 2013 #5
    LOL can we pin this up? No? OK nevermind ^_^

    Anyone interested in econophysics should look for complex systems programs. it's also a smart move because complex systems prepares students to work in field such as biology, sociology and of course Quant-finance/economics.

    found a couple places where one can study for a Msc and/or PhD in complex systems or econophysics:

    http://www.er.ethz.ch/
    Zurich, Switzerland where Pr. Didier Sornette is established.
    I don't think they offer a Msc/PhD degree in econophysics per se however you can do your Msc in physics (or mathematical Finance, and any related fields) and then do your Msc Thesis (as you can see there are at this moment 26 projects available) in their group, and possibly your PhD too. Google Didier Sornette, his talks, presentations etc . . .

    http://ifisc.uib-csic.es/master/
    Palma de Mallorca, Spain - yes, right next to Ibiza for those care :biggrin:
    They do specialize in biology, however the head of the research center told me one of their recent student did his PhD thesis on game theory and left to work for a bank in zurich. The content of their Msc degree looks quite appealing, takes 1 yr to complete, and did I mention the beach?! jk

    http://www.kcl.ac.uk/prospectus/graduate/complex-systems-modelling
    http://www.kcl.ac.uk/prospectus/research/mathematics
    King College London has a Msc in complex systems, and I have found that couple of their Maths Professors/researchers actually do research in econophysics inside their Financial maths group. At KCL, Theoretical physics (not what you want to study . . .) belongs to the mathematics department and not the physics dpt.

    http://theory.physics.manchester.ac.uk/~galla/cssp/pg.html
    The University of Manchester offers a Msc in theoretical Physics by research (1/3 coursework, 2/3 research projects !!) and a PhD in complex systems and statistical physics. Based on the research projects available at UoM I think it's one of the most interesting place to go (even more so if you're a mufc fan :yuck: )

    http://www2.warwick.ac.uk/fac/cross_fac/complexity/
    Msc and phD in Complex systems, from what I understand it's a Multi-university programs, where students spend 1yr at warwick and a year at another university in Europe.

    http://www.wbs.ac.uk/about/person/tobias-preis/ (Finance PhD)
    Tobias Preis works in the finance department (Behavioral Finance section) where his econophysics research is focused on financial markets. I'm not sure if he does "hang out" with the complex systems guys but for those interested Warwick Finance PhD is worth a look too. Google Tobias Preis and watch his talks and presentations.

    http://physics.bu.edu/people/show/hes (PhD, do Physics Msc have any value in the US? :confused: )
    Eugene Stanley (Boston University) has written a book on econophysics: https://www.amazon.com/Introduction-Econophysics-Correlations-Complexity-Finance/dp/0521039878
    Have a look at the video of a talk he gave in italy about economics: (he can be one funny old bloke :biggrin: )

    http://www.phys.uh.edu/research/econophysics/program/index.php (PhD)
    University of Houston Physics Program which I think is known by a couple of people on this forum.

    http://www.theo-phys.uni-essen.de/tp/ags/guhr_dir/econophysics.php?lang=en (PhD)
    Dr. Rudi Schäfer heads the econophysics group of University of Duisburg-Essen in Germany.
    Best for PhD only since the working language is english at the doctorate level, and german at the Msc Level.

    http://www.itp.uni-bremen.de/complex/ (PhD)
    Based in Bremen, germany. Same with Uni-essen, Working language is english at the doctorate level only.

    http://web.physics.ucsb.edu/~complex/research/econophysics.html
    Back to the US with UC Santa Barbara.

    http://www.physics.ucdavis.edu/people/faculty/faculty_profiles/john_rundle.html (PhD)
    at UC Davis, Pr john Rundle works in the complex systems section. More precisely on "econoquakes" (get it?)

    http://igk.math.uni-bielefeld.de/
    Interdisciplinary programs which focuses on theory and application of multiple fields such as finance/economics/mathematics/physics

    http://physics.unifr.ch/en/page/105/
    home to the econophysics forum (not very active . . .)
    I believe both Msc and PhD working language is English.


    That's it. please note, I don't have all the info so if someone wants to find out more they will have to look up these programs. Also I took the liverty of not including a couple of other programs since they are not in english (french, since this is my first language) and I'm sure there are other programs in european countries but since they're not in english I didn't bother look them up. Feel free to ask questions, I will answer if I can. :D
     
    Last edited by a moderator: May 6, 2017
  7. Aug 3, 2013 #6
    http://economictimes.indiatimes.com...ancial-bubble-bursts/articleshow/21540512.cms

     
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