Best college major for trading

[logikos]

If I had to do it all again:

B.S. in Computer Science or Management Information Systems, with a minor in Psychology, followed immediately with an M.B.A. from the hardest school I could get into.

Why? An M.I.S. background gives you the skills to analyze data, plus the programming background to work with the programming languaages provided with most analysis packages. The reason for the psychology minor is obvious. Same for the M.B.A. You will get enough math with these two degree plans.

I personally think that a person can get TOO educated to trade effectively, that's why I suggest more of a balanced educational background targeting the nuts and bolts of what you will actually need on a day to day basis.

 

[badcat]

Bible studies.

 

[omcate]

Quote from acrary:

Just part of the picture to establish a pattern of success. Since most candidates are around 25 and haven't worked in business, we had to have some way to look for the best of the best. In a typical year we'd get 1000+ applications for 10 openings.

Agree. Some employers may think in the following manner:
Getting good grades in exam is easy. Leading a good, meaningful life, establishing a successful business, collaborating with colleagues to finish a mission critical project on time despite all office politics, ect. are much more difficult. If you fail the easy test(college education and exam), why should I believe that you'll become a good employee, and a great asset to my company ? A loser won't become a winner overnight.

Of course, rules are made to be broken. There are always exceptions.

Just my two cents.

 

[mrmarket]

Quote from oten:

Personally, I would suggest trading for yourself - more freedom and more $$.

If that is your choice, the school of hard knocks is the best place to train.

However, if you are committed to trading fro some one else, then a school like Wharton is one of the best. Your major - statistical economics, or math, and or computer programing.

My nephew went to work for Goldman Sachs and retired with millions in about 8 years out of Wharton.
Best of luck,
Oten

I agree completely...and I'd be happy to answer any more of your questions on this:

ernest.barsamian.wg87@wharton.upenn.edu

 

[harrytrader]

I don't consider the guys working for big houses as traders but rather as commercials

Quote from mrmarket:

I agree completely...and I'd be happy to answer any more of your questions on this:

ernest.barsamian.wg87@wharton.upenn.edu

 

[drprotrader]

Economics....emphasis on prices...stocks...

Your whole focus is to use an edat front end that someone else has written for you...

What you have to be able to do is to accurately predict short term price movements on an edat system....

Personally...they do not teach this in a school...you need to learn from someone who is doing....not teaching...

Teachers teach...doers do...

You want to teach for a living....or trade for a living..???

It would be cheaper and less time consuming to find a doer...rather than pay teachers for 4 to 6 years...and then seek out a doer...

In this case education is nice...and is a luxury...with an unfortunate waste of time and money problem....

 

[mrmarket]

Quote from drprotrader:

Economics....emphasis on prices...stocks...

Your whole focus is to use an edat front end that someone else has written for you...

What you have to be able to do is to accurately predict short term price movements on an edat system....

Personally...they do not teach this in a school...you need to learn from someone who is doing....not teaching...

Teachers teach...doers do...

You want to teach for a living....or trade for a living..???

It would be cheaper and less time consuming to find a doer...rather than pay teachers for 4 to 6 years...and then seek out a doer...

In this case education is nice...and is a luxury...with an unfortunate waste of time and money problem....

So you are encouraging your children to skip college?

 

[Grob109]

Let's all do a word search on Wharton.

What happens if MM replies to each Wharton reference he found?

 

[jpomerenke]

I am majoring in Beer... seems to work good for me

 

[Don Bright]

Simple answer...."Gaming Theory" (as taught at UCLA by Chris (Jesus) Ferguson's father, our trader who won the World Series of Poker a couple of years back, for $1.5 Million). Software development can certainly help. My brother insists that "Banking and Fincance" is a good bet. UNLV is a good school for most of these, and we have Internship programs there. Also, Interships at UCLA, BYU, and a few California schools.

Yes, there is intelligent life West of the Mississippi...LOL

Don