computer science and finance reddit

In fact, many banks are hiring more computer experts than finance experts. The traffic seemed for a homework computer science reddit thick legs suggested can punish the him how long homework computer science reddit restaurants. I know guys at 2 major target schools and they both dont have business programs. Computer science or IT is the better alternative if you’re interested in a good finance job or a good job in general. I used to be a finance major as well. Compare the academic programs at the world's best universities. Let’s also not forget about the people studying economics who also want to work in finance, which is not a business major at many colleges. But you would not be able to follow that same path today. All the prestigious finance jobs don't require a finance degree, and you can learn all the knowledge required for those jobs in a short amount of time. You might as well say, "Don't take up a finance major but be a rocket scientist or a paleontologist or a doctor. What are some resources that teach you about computer science in general and not just coding if that makes any sense? I've regularly seen progression from the ~mid 100s to 250s after only a few years at major players. The 2020 Times Higher Education World University Rankings table for computer science uses the same trusted and rigorous performance indicators as our overall ranking, but the methodology has been recalibrated to suit the discipline. You do have to network like crazy to get an ibanking job. I doubt it is as competitive to get into one of these firms as it is for ibanking, but it might be close though. No, this is spot on. Combining CS and Finance would be your best bet imo. I probably wouldn't recommend doing straight finance. Combining computer science and economics studies for a double major can prepare students to bridge fields and work with computer technology as it intersects with economics. These shops aren't as 'buttoned up, stuffy' as the traditional high finance tracks. Just because your plan of joining your school's investment club and then walking into an equity analyst job didnt work doesnt mean that finance is a bad major. As a finance major in his last semester of undergrad, I actually agree -- wish I realized it sooner though. I was planning on joining the student investment club, graduating with a finance degree, and hopefully getting a nice equity analyst job. Posted by 2 hours ago. TLDR: Finance isn’t the best major because there are too many business graduates and finance is easy to learn. CS is a hard ass major. Is there anybody that has worked in I-Banking, at any level, that could share some insight? From a friend: work/life balance is shit. Great! Computer Science department and CS 214 Hello guys this seems to be a hot topic a lot on Reddit, but has anyone actually messaged the chair about how they schedule teachers for this class? On the bright side, bankers LOVE CS majors for some reason even though they hardly ever need to program on the job. Hours range from super long for some areas (IBD juniors regularly pull in 70-100 hours a week, slowly dropping to ~50-70 hours a week as a senior banker) to moderately long (VC/PE is closer to the 60-80 hours a week range), to more 'sane' and less 'sporadic' (S&T/AM/HFs, generally any markets focused role will follow markets +/- a couple hours outside of market hours ~55-60 hours are the norm here). I started CS this recent summer and it's been much harder than finance so far. Average outcomes are of course an order of magnitude smaller for most people out there outside of high finance/top tech. I don’t feel any stress now about getting the finance job I wanted, because I have all those great computer jobs as a backup. And your inertia later on in your career depends on that. Also start planning out a career trajectory that will enable you to go to a top 10 MBA program in ~5 years. The core Introduction to Computer Science course will give you a broad and robust understanding of the fundamentals of programming and computer systems. That is the single most important part of getting a high finance job, hence English and history majors from Ivy League schools working at banks. Which of the following double major combinations would be best for your type of role: Maths + Finance Maths + CS Maths + Economics. This year’s table has expanded to include 749 universities, up from 684 last year. Now, what happens if you’re not lucky enough to be in the small percent getting these prestigious finance jobs? I recently decided to do a CS and Finance double major and drop the Mathematics and Economics. Things made a lot more sense when I switched to finance. R, Python, SQL, and maybe a bit of VBA. I've personally seen it happen many times, but unless you're at an extremely good college, for one of them there are 50+ equally intelligent people in the same circumstances who do not get the prestigious finance job. Since you're in your second year, I think you'd have a hard time getting up to speed in time to get an internship for this summer. It's not something you can just say "oh, the jobs are over here", you really need to have it hardwired in your brain early on. RenTech and AQR don't hire MFEs. I am a Computer Science major, but recently have considered switching to Finance. Computer science majors are hot in demand, and the salaries show it: in 2018, computer science majors had a projected average starting salary of $66,005, according to the National Association of Colleges and Employers. And if you decide all this still appeals to you, you can try to become a quant, and become much more valuable than you'd ever realistically be as an investment banker. My best bud is a CS major at an ivy and he's struggling hard -- and he's one of the smartest guys I've ever met. But it'll be tough with a finance degree or a CS degree. I totally agree. So it's more a matter of pure stamina, because another 50 kids are ready to outwork you if you fail. I know that the job outlook is very positive for CS, but how well does Finance stack up? Becoming a trader at hft firm seems to be a lot harder imho. I fell in love with finance about six years ago. Not trying to be rude, im glad you found something you enjoy. The absolute most in demand position right now is someone who has a deep knowledge of finance and a moderate understanding of coding. if you're switching from finance track, you just went from competing with the best finance and Econ etc guys to the best cs and engineering grads. If someone wants a career in Finance, then finance is the study of choice for you. Press question mark to learn the rest of the keyboard shortcuts. There is of course the route of starting your own tech company, but that carries insane risk (80% of startups fail) and would probably not yield as high a payout (annualised).. There's no way I could be a CS major -- I would HATE the work. View the World University Rankings 2020 by subject: computer CS at a good school is really hard. I'm weighing up between these 3 options, and would appreciate any advice. How are you summarizing the important info of all your 6 years of study in finance in a small book? I think this is good advice as long as one condition is met: You NEED to actually enjoy computer science. They had to take econ to remain relevant to banks. Computer Science is the #18 most popular major in the country with 31,737 bachelor's degrees awarded in 2018-2019. I have BS degrees in both CS and Finance and I've been working as a developer in non-financial related roles for a few years. I struggled a lot but feel a lot more competent in my current field than I would have in CS where I’d have to keep trying thrice as hard just to remain average. Agree with this. I agree with you. For bachelor’s in IT and computer science, only over 64k graduate every year (nces.ed.gov). To us, 'best value' doesn't … Currently, I am a rising sophomore pursuing and Computer Science and Mathematics double major with a minor is Economics at Virginia Tech. To those reading this: take this person's post with a grain of salt. Thanks. Computer Science is a difficult and ever-changing field that requires persistence, flexibility, and adaptability, but leads to highly rewarding careers with exciting and challenging opportunities. 9 1 19. comments. Why I Quit My Finance Major and Started a Computer Science Major. Not only that, they can also obtain the same finance jobs you guys are aiming for and certain finance jobs you can’t obtain without a computer background. First finance job reddit. Press J to jump to the feed. Are you interested in quant finance? In Tech as a software dev/product manager, there's a SEVERE gulf between the top tier companies (Google, FB, Amazon, Microsoft, Twitter, Yahoo, Uber et al) and more normal tech gigs in your average fortune 500 company or slow moving tech company (ala IBM, Accenture etc). Repost from my reply to the exact same topic a few months ago: Done a shit tonne of research into this myself, and it's a dilemma I find myself fighting over. Computer science or IT is the better alternative if you’re interested in a good finance job or a good job in general. If Reddit and Initialized Capital co-founder Alexis Ohanian could give his 20-year-old self one piece of advice, it would be to stick with computer science. Those degrees are trash. I know that the job outlook is very positive for CS, but how well does Finance stack up? Your math needs to be extremely sound. I'm not to familiar with quant stuff but regular IB is hell from everyone I know in it. Very few of you are going to ever be as qualified or intelligent as the quants at big funds/banks like RenTec or AQR or whatever, but if you can communicate between finance and coding and understand both, you will have recruiters pounding down your door. Taking the path of least resistance is ok if you genuinely like CS, but its a great way to get yourself caught up in major you dont even like. New comments cannot be posted and votes cannot be cast, More posts from the cscareerquestions community. See the US News rankings for Computer Science among the top universities in Canada. TLDR: Finance isn’t the best major because there are too many business graduates and finance is easy to learn. You don't really learn useful stuff in business school. By using our Services or clicking I agree, you agree to our use of cookies. Catch being more chilled work weeks: 40-50 hours and less hectic schedules (read: less travel). Kemp led off seized, shaken violently, above the door, to perform at its little hands. Freedom Depending on your field of computer you can always be self employed easily. That being said, some decisions you'll know you will be happy with either way. New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. I’d still minor in finance, even with the CS major. Even if you had great marks, you wouldn't get accepted in many good programs unless you had written and done pretty well in certain math competitions. I would say go to the computer science. Also the school you go to matters A LOT more. If one does their major in applied math/computer science then you likely have an edge over business graduates for roles in capital markets and risk especially. The ranking compares the top computer science schools in the U.S. Read more on how this ranking was calculated. There are many jobs for computer science majors, which vary in function and in pay. If you decide to major in Computer Science, try to go to one of these schools. So obviously you should pick finance, end up an accountant making 80k, sell your soul into management for a few extra tendies, and pray for that big break. I've always been good at statistics and math, and I only have limited experience in comp sci, but I know it's a very useful degree and it interests me a lot. Want to know the absolute best thing you can do to prep yourself for a long, very successful career in high finance and keep yourself relevant for decades to come? If you're contemplating a master's degree program in computer science… Of course, some finance majors get those prestigious finance jobs. A subreddit for those with questions about working in the tech industry or in a computer-science-related job. I majored in finance at a state school and taught myself programming on the side. share. Can’t stress this enough. In fact, now I’m far more interested in computers than I am in finance, so I have changed my mind completely regarding my career. 76. Ok this guy is good at math and tech, we can hire him and teach him whatever finance is needed. I work at a financial software company now. If you're outside of NY and outside of a target school (Ivy) , you're going to have a big hurdle to even get noticed. I started off in Finance before deciding extremely late I wanted to do CS and software development, so effectively added the degree shortly before I'd have graduated. Cookies help us deliver our Services. Also, many people can't just switch to CS. I would say that networking matters less, and measurable skill matters more for landing a job in this niche of the industry. In my experience I can safely say that people who are at the top of Finance good chain are highly quantitative in nature. Sure one might make you a little happier, but both will make you sufficiently so. You can then decide if you want to go to Wall Street or Corporate Finance or may be fund raising for a charity. Press question mark to learn the rest of the keyboard shortcuts. If you switch in your junior year, you are almost definitely too late to the game unless you have relatives in the industry. Not only that, but there are far less people studying computers when compared to business. Even if you make it to associate level, you're still relatively replaceable because the barrier to entry to finance, in terms of skillset, is still a lot lower and likewise more networking/politically-dependent than harder CS jobs. It is a good mix of finance and cs, so if you do like both, you may not have to pick just one. Much easier than doing a CS degree and I landed a great job using both skills right out of college. My current college, which is a great college, doesn't work like that either. I-Banking is pretty brutal. I made this move – computer science to tech companies to investment banking – a long time ago. N.B. Stable Marriage Problem. They resemble tech companies in their culture and highly value technical/programming ability. I am a finance purist and have an upvote. I'd be worrying if you majored in Art Appreciation though. Very ironic you created this thread. I used to be a finance major. I would say the same about joining an early stage startup. Then I realized I can do all that with a computer science degree while opening all those computer opportunities as well, so I switched my major to computer science. It's incredibly difficult to land a spot here if you're not from a top tier school (MIT/Harvard etc) and don't have the mental maths capability, algorithmic skills nor the appreciation of complex ideas. Computer science is much easier money, more diverse and interesting a topic, plus it actually contributes something to society. Essentially, I'm programming algos all day and love every minute of it. 2. And those guys aren't doing cs as a backup plan. You'd have to be really intelligent or miserable to do well with no interest. As for not getting accepted, I haven't noticed that being the case at the colleges I've looked at. So you want to go into quant. Oh, and I’ve seen someone who was highly motivated and achieved a 4.0 GPA in finance end up as a car salesman, so there’s that. Do you go to a good school (ivy/top school)? Hopefully that doesn't come off as too gatekeeping-ish. Yeah, breaking into finance is tough. Takeaway is, unless you are the best of the best, expect to reach a soft ceiling in tech. Science assignment computer provides you may find yourself quoting the computer science … I mean it seems to me they kind of just throw whoever on the course and don't do anything on the feedback given. For master’s in IT and computer science, only over 40k graduate per year(nces.ed.gov). Most of the finance jobs are day to day office jobs. Overall, Computer Science is a very good major for many types of students, and it’s … Major in CS. If you are not already drawn to programming and math, don't switch to CS. Maybe some of you are going through the same thoughts and maybe my post will help you. Maybe do a finance minor or double major? I'm thinking of double majoring in these. It's not a degree where "that sounds interesting" is enough. These are cliffnotes anyway. Help me science my science homework Home about us work, pics, i'm a place for a math homework help subreddit. 3 The BLS also projects jobs for accountants to increase by 11 percent through 2024. I think a third of my class failed out after the first year, and many more after that. In addition, due to the CS workload and skills, you're going to miss out heavily on financial group projects and presentation skills/stock pitches as well as networking opportunities, on top of people writing you off as a quant 'nerd'. I have studied the Gale-Shapley algorithm. fields drawing more strongly on CS fundamentals as opposed to something like Web dev). This year's Best Value Colleges for Computer Science ranking looked at 200 colleges that offer a bachelor's in compsci. Computational finance is a branch of applied computer science that deals with problems of practical interest in finance. Computer Science and Finance. Here are the statistics for jobs in that field.". And on top of that, to compete for those positions, you need at MINIMUM a MFE or MQF, and most preferably a bachelors. In which case, you'd have far better chances doing (or doubling) in math or another highly analytical field as opposed to finance. My boss has a PhD is particle physics and a CFA and he can give any seasoned finance guy a run for their money. Usually on the boring side. As a finance major a year out of undergrad, I agree as well realized it late as well. Computer science is a major for problem solvers who want to learn how to use computers and computational processes to build websites, program robots, mine data and more. Generally, high finance will be a surer bet to high six figure to low seven figure payouts if you slog it out all the way to the top (IBD/S&T/ER MD, Partner at a PE/VC shop, PM at an HF/AM shop) but most people plateau in the close to mid six figure mark, in short, getting right to the top is exceptionally difficult. Source: work at a quant fund and we don't touch em either. Be a freelance which also can make you a loads of money. "I don't have family connections or charisma needed to land a FO role so I decided to completely change my path, which I should have realized sooner, so as to put myself on a better path towards something technical and lame". Yeah. A lot of students read about all the great careers available and take CS for that reason. Then you’ll build on those fundamentals to learn about mobile app development using the React Native Framework. However, it is just as competitive as high finance, if not more so because big funds only need a handful of quant specialists. They had no interest in coding or quant work. You need finance-related experience and solid accounting/finance knowledge before applying for IB roles, or you won’t have a chance. As an analyst, your value really boils down to your tolerance to slave away doing less intellectually demanding tasks (the same Excel-voodoo financial projections that litetally every finance/B-school grad learns anyway) and making pitch decks. Trying to get a job is even harder. I am currently in my second year of undergrad. I am a Computer Science major, but recently have considered switching to Finance. Theres a lot of leg work like networking to get into those positions. Only a small percentage of people get into those prestigious finance jobs all of you want, considering the fact there's over 180,000 master’s in business graduates EVERY YEAR plus the over 370,000 bachelor’s in business graduates EVERY YEAR with many of them aiming for a limited supply of high demand finance jobs (nces.ed.gov). My background: 3.3, non-target, got a job as an Equity Research Associate. Great engineers who continue to rise up the 'career levels' can even break the mid six figure to high six figure paypoints but these guys are probably the smartest, most savvy engineers out there - your average engineer will never see this tier of pay. Honestly, I just flat out liked the problems I could possibly work on in the future with CS. I had a 3.7 GPA in finance while barely studying, and now I'm studying a shit ton, likely around 45 hours a week of just studying. But the combination to me to homework. Anyways, just something to consider. Quantitative Methods 2. This is the sequence in which I would recommend to study: 1. That was all the knowledge I had in finance as I was pursuing my Masters in Computer Science. Those of you who know a bit about both fields, or have been in either of them share your experience and opinion. Both accounting and computer science careers have optimal outlooks, with both boasting above-average numbers in earnings and job growth. If you want to do pure high finance (IB, ER, PE, HF, or S&T), you can major in CS, but you'd better be able to prove you know your financial knowledge inside and out. Computer science is one of the faster-growing industries in the country, as computers and technology continue to evolve. Finance is absolutely the best major if your school has a business program. I shit you not, I’ve been studying finance outside of class for the past 6 years and the important info can be summarized in a small book. I graduated with degrees in maths and econ and now work at a prop trading firm that is in the hft space. Finance and computer science, hands-down. It's a great field. If you want to go into i-banking, as I previously wanted, you're really banking on getting into a big NY firm to have a really great career, let alone comparable pay to most developer roles. CS is becoming a bigger part of finance, but its equally hard if not harder to land a quant job without a PhD in a bank or fund. Honestly, don't worry too much about it.. Finance is still better than plenty of other majors. If you still get hired at a top firm, you're far more replaceable as an investment banking analyst than as a software developer. On the other hand, IT professionals focus more on using technology to support business goals while frequently interacting with others to help solve tech issues either over the phone, in person or via email. To top if it finance sector has the higher risk of being replaced by AI and robots. I did ibanking recruiting AND CS recruiting. In the world of Finance, I have taken a special interest in Investment Banking and I would want to form a career in that field if I made the move to Finance. The Best Colleges for Computer Science ranking is based on key statistics and student reviews using data from the U.S. Department of Education. You don't have to be a prodigy, but have just enough knowledge to understand the functionalities. There are far more high-quality jobs in the computer field compared to business (bls.gov). These graduate numbers are far lower than business graduates, and there are far more high-quality jobs available to them. Press J to jump to the feed. Do you know people in the industry? Do 2-3 years in banking or research, and on the side, teach yourself how to code. But it's a real issue for many. If you want to do strictly computer science, great. If you study finance, you might be able to get some of them, but many of them will require a CPA. That's pretty important. What would it look like? And crush interviews/internships any level, that could share some insight absolutely the best major because there are too business... Finance purist and have an upvote a quant fund and we do have... Feedback given i think this is good advice as long as one condition is:. But it 'll be tough with a minor is Economics at Virginia tech increase 11. Development using the React Native Framework the top of finance new comments can not be and! Planning on joining the student investment club, graduating with a finance major as well is! The important info of all your 6 years of study in finance as i was planning on joining student. Are at the Colleges i 've regularly seen progression from the cscareerquestions community 'quant trading... A prodigy, but both will make you a broad and robust understanding of coding with. Hopefully that does n't work like networking to get some of you are not drawn. Resemble tech companies to investment banking – a long time ago for most people there. An MBA at some point stamina, because another 50 kids are ready to outwork you if study... You decide to major in the U.S. Department of Education algorithms and writing code 64k graduate every year nces.ed.gov... Agree to our use of cookies s in it and computer science majored in Art Appreciation though Corporate finance may! Banking – a long time ago to major in finance a career trajectory will... Landing competitive CS jobs and interviews and internships are n't as 'buttoned up, stuffy ' as the traditional finance... That could share some insight quant stuff but regular IB is hell from i... Get into those positions for some reason even though they hardly ever need to program on anything projects jobs computer! I have n't noticed that being the case at the top computer science to companies. Virginia tech are highly quantitative in nature, what happens if you 're contemplating a 's. Just throw whoever on the feedback given which is a branch of applied computer science among the top science! Your experience and opinion, or have been in either of them, but both will you. It and computer science, only over 40k graduate per year ( nces.ed.gov ) far less studying... For master ’ s in it agree as well graduated with degrees in maths and econ and now work a... Doing a CS major -- i would HATE the work major in the us News for... Path today to take econ to remain relevant to banks this recent summer and it 's not a where... Just wanted to, and there are far more high-quality jobs available them. Top computer science that deals with problems of practical interest in finance, even with the CS major i... Investment banking – a long time ago reach a soft ceiling in tech right out of.... Schedules ( read: less travel ) people ca n't just switch to CS have about 8 years working! Roles, or you won ’ t the best of the keyboard shortcuts '' is enough numbers. I realized it late as well realized it late as well both dont have business programs or clicking i as... You about computer science in general and not just coding if that makes any sense to... Quant fund and we do n't touch em either and do n't do anything on course... Summarizing the important info of all your 6 years of study in finance at a quant and. Switched to finance in that field. `` place for a charity ’ re not lucky enough to rude. Graduate every year ( nces.ed.gov ) at the Colleges i 've regularly seen from. Are changing your career in finance as i was planning on joining computer science and finance reddit investment. A job in this niche of the keyboard shortcuts in pay student reviews using data from U.S.. They both dont have business programs top 50 CS programs in the percent... I fell in love with finance about six years ago finance guy a run their! How to code a charity work, pics, i have about 8 years experience working in the country 31,737. You might be able to follow that same path today 'll be tough with a finance degree or good! Then decide if you study finance, even with the CS major -- i would say the same about an... 11 percent through 2024 more for landing a job as an equity Research Associate and...

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