I am considering doing a one year Masters Program at my school in quantitative finance because: It is a very good program that is offered at my school which I could get into without taking any GRE's qualifying exams, or even application essays It would allow me get a relatively high paying job later in life most likely if I wanted I could complete it in my fourth year of undergrad I am pretty interested in learning more about it However, I am also very interested in going to grad school for physics (maybe applied mathematics). I am wondering if getting this masters could somehow hurt my chances for physics grad school. I am an undergrad Physics and Applied math major with a reasonable chance of going to grad school for physics. I am thinking that because physics is a higher priority, I should focus on making myself a more appealing candidate for grad school in my final year. On the other hand, this masters seems like a pretty good opportunity. Any advice is appreciated.