From a friend: work/life balance is shit. I did ibanking recruiting AND CS recruiting. TLDR: Finance isn’t the best major because there are too many business graduates and finance is easy to learn. Here are the statistics for jobs in that field.". But you would not be able to follow that same path today. 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. Press question mark to learn the rest of the keyboard shortcuts. For bachelor’s in IT and computer science, only over 64k graduate every year (nces.ed.gov). 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. Which Schools have the Best Computer Science Programs? I think this is good advice as long as one condition is met: You NEED to actually enjoy computer science. The former will see technical guys starting out of uni on six figure compensation plans (salary + stock + bonus) with some great upside depending on how good you are. 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. But the combination to me to homework. Also, many people can't just switch to CS. Computer Science is the #18 most popular major in the country with 31,737 bachelor's degrees awarded in 2018-2019. The Best Colleges for Computer Science ranking is based on key statistics and student reviews using data from the U.S. Department of Education. Computer science or IT is the better alternative if you’re interested in a good finance job or a good job in general. I started my university as a CS major but hated coding because I just couldn’t “get” it and noticed the calibre of my peers who are now deservedly doing well in this field. A subreddit for those with questions about working in the tech industry or in a computer-science-related job. Science assignment computer provides you may find yourself quoting the computer science … 9 1 19. comments. Only trouble here is, if you're a trader at one of these shops and you continue to lose money you'll get shown the door very quickly. 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. Overall, Computer Science is a very good major for many types of students, and it’s … Anyways, I just wanted to make this post to share my experience. Things made a lot more sense when I switched to finance. I agree with you. I have about 8 years experience working in bulge bracket bank's treasury. 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). I totally agree. I know that the job outlook is very positive for CS, but how well does Finance stack up? To those reading this: take this person's post with a grain of salt. I used to be a finance major. So it's more a matter of pure stamina, because another 50 kids are ready to outwork you if you fail. Posted by 2 hours ago. View the World University Rankings 2020 by subject: computer In my experience I can safely say that people who are at the top of Finance good chain are highly quantitative in nature. 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. A lot of students read about all the great careers available and take CS for that reason. 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).. New comments cannot be posted and votes cannot be cast, More posts from the cscareerquestions community. Yeah. I had a similiar split between thinking about Accounting or CS. There's no way I could be a CS major -- I would HATE the work. Computer science or IT is the better alternative if you’re interested in a good finance job or a good job in general. Not trying to be rude, im glad you found something you enjoy. My current college, which is a great college, doesn't work like that either. It is a good mix of finance and cs, so if you do like both, you may not have to pick just one. My boss has a PhD is particle physics and a CFA and he can give any seasoned finance guy a run for their money. Sure one might make you a little happier, but both will make you sufficiently so. You don't really learn useful stuff in business school. I'm thinking of double majoring in these. You can then decide if you want to go to Wall Street or Corporate Finance or may be fund raising for a charity. 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. You learn some accounting and that's as close to practical as you will get. I-Banking is pretty brutal. 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. I would say go to the computer science. 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. However, it is just as competitive as high finance, if not more so because big funds only need a handful of quant specialists. I graduated with degrees in maths and econ and now work at a prop trading firm that is in the hft space. What are some resources that teach you about computer science in general and not just coding if that makes any sense? Basically banks think like this. Ive heard that you cant advance past certain levels in a quant/CS job without a PhD. 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. Are you interested in quant finance? 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 am currently in my second year of undergrad. I know that the job outlook is very positive for CS, but how well does Finance stack up? Computer science is much easier money, more diverse and interesting a topic, plus it actually contributes something to society. To top if it finance sector has the higher risk of being replaced by AI and robots. I know guys at 2 major target schools and they both dont have business programs. I majored in finance at a state school and taught myself programming on the side. 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. Reddit quora is the psat, subscribers to ask for homework help subredditget. "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". If you're contemplating a master's degree program in computer science… 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. If you still get hired at a top firm, you're far more replaceable as an investment banking analyst than as a software developer. Agree with this. You don't have to be a prodigy, but have just enough knowledge to understand the functionalities. Stable Marriage Problem. 2. The traffic seemed for a homework computer science reddit thick legs suggested can punish the him how long homework computer science reddit restaurants. And your inertia later on in your career depends on that. Much easier than doing a CS degree and I landed a great job using both skills right out of college. 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. Both accounting and computer science careers have optimal outlooks, with both boasting above-average numbers in earnings and job growth. Quantitative Methods 2. Great! Thank you! 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. Finance is absolutely the best major if your school has a business program. CS at a good school is really hard. I would say the same about joining an early stage startup. There are many jobs for computer science majors, which vary in function and in pay. I made this move – computer science to tech companies to investment banking – a long time ago. I probably wouldn't recommend doing straight finance. I doubt it is as competitive to get into one of these firms as it is for ibanking, but it might be close though. RenTech and AQR don't hire MFEs. I am a finance purist and have an upvote. Thanks. Source: work at a quant fund and we don't touch em either. I fell in love with finance about six years ago. You might as well say, "Don't take up a finance major but be a rocket scientist or a paleontologist or a doctor. So you want to go into quant. Pay here is generally slightly above that of a top tech company (numbers are closer to $200k+ out of school, inclusive of bonus) and can ramp up tremendously if you perform. 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. I'm not to familiar with quant stuff but regular IB is hell from everyone I know in it. Adding on to the case for CS would be my desire to earn an MBA at some point. 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. For master’s in IT and computer science, only over 40k graduate per year(nces.ed.gov). These shops aren't as 'buttoned up, stuffy' as the traditional high finance tracks. Hopefully that doesn't come off as too gatekeeping-ish. 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. I think a third of my class failed out after the first year, and many more after that. Press J to jump to the feed. If you study finance, you might be able to get some of them, but many of them will require a CPA. 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). TLDR: Finance isn’t the best major because there are too many business graduates and finance is easy to learn. I am a Computer Science major, but recently have considered switching to Finance. Essentially, I'm programming algos all day and love every minute of it. Yeah, breaking into finance is tough. 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? And those guys aren't doing cs as a backup plan. 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. These graduate numbers are far lower than business graduates, and there are far more high-quality jobs available to them. Cookies help us deliver our Services. To us, 'best value' doesn't … New comments cannot be posted and votes cannot be cast, More posts from the FinancialCareers community. 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. I mean it seems to me they kind of just throw whoever on the course and don't do anything on the feedback given. I recently decided to do a CS and Finance double major and drop the Mathematics and Economics. Press question mark to learn the rest of the keyboard shortcuts. And on top of that, to compete for those positions, you need at MINIMUM a MFE or MQF, and most preferably a bachelors. As a finance major in his last semester of undergrad, I actually agree -- wish I realized it sooner though. If I wanted to, and geared my studies to it, I could program on anything. Becoming a trader at hft firm seems to be a lot harder imho. I'd be worrying if you majored in Art Appreciation though. 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. N.B. 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). 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