November 21, 2024

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Computer Science Vs Finance Major #Finance

Computer Science Vs Finance Major #Finance


i have heard professionals in the field of Finance tell me many times that they wish that they would have gotten a degree in computer science and vice versa

i’ve heard professionals in the field of computer science tell me the same thing about Finance the truth is people who are interested in one of these fields are likely

to have an interest in the other one a little bit about me and why you might even want to listen to me on this subject is i have a bachelor’s in Finance a

master’s in Finance and i am currently pursuing a master’s in computer science so i know a bit about both worlds and let’s get into which one might be best

for you for the first category salary i’m going to give the edge to computer science i’ve looked at forbes.com u.s news pay scale and monster.com and found that on every single list computer science is consistently ranked ahead of

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance now that’s not to say that Finance is a bad major in terms of salary in fact that

is not the case at all Finance is a high paying major as well and typically listed in the top 25 of most highly paid bachelor’s lists but computer science would

typically be found in the top 10 or the top five of these lists and that’s just because right now at this point in time computer science is typically more highly in demand than none;">Finance for the second category difficulty i’m going to give the advantage to Finance and what i mean by this is that

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance is actually an easier major to achieve if you go down the route of computer science you’re going to be spending a lot of nights and weekends studying and working on

homework assignments where the rest of your peers in college are actually out having a good time and socializing that’s just because of the nature of computer science it is intensely time consuming for a lot of these tasks making uh code compiled properly working through all the debugging

errors it’s not as subjective as Finance where a lot of the um homework you can it’s basically on a piece of paper with a pen and it’s just not nearly as

time consuming and so for that reason i think if you go through college with a Finance major you’re probably gonna enjoy it a bit more than computer science for the

third category entrepreneurship potential i’m gonna give computer science the clear advantage now this isn’t something that people talk about often but when you learn computer science and you learn how to program you’re also conditioning yourself in a way to think outside of the

box and think about uh possible products or software’s or websites that don’t currently exist or a niche that you can fit in and you have these tangible scales where you can develop these ideas that come into your head um with

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance i would say that i didn’t really have the same sort of i way to think about ideas when i was pursuing these degrees as i did when i started my master’s in computer science um one thing to be said

about entrepreneurship and having a major in Finance is that you might actually understand the expense Revenue business Valuation side of

things a little bit better and the bookkeeping behind it but you might not have the same sort of entrepreneurship idea generation as a computer science major for the fourth category necessity of the degree i’m gonna give the advantage to

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance so in the field of Finance you need at minimum a bachelor’s degree in

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance to really land any of these uh more desired Finance

positions and in a lot of cases you might even need a masters in Finance you’re not really gonna get beat out for a job by someone that might have a you know a two-year

associate’s degree in Finance or high school education or a self-taught professional in #1a73e8; text-decoration: none;">Finance i mean if you got that bachelor’s degree in Finance that’s the threshold in the field of computer science

there’s all these code boot camps even uh two years associates degree if someone really knows how to code they can beat you for the job even if you have a bachelor’s in computer science just because they might be a better programmer so i think in computer science you don’t

necessarily even need a degree in computer science you just need to be able to program properly whereas Finance that is a minimum threshold that you have a bachelor’s

degree for the fifth category future of the profession i’m going to give the edge to computer science we are already seeing a lot of jobs in the financial services industry being eaten by automation on automation is driven by uh computer science uh professionals so i’ve sent the chair

of a lot of different Finance roles in my career thus far and some of them i’ve i’ve seen are very likely to be automated in the near future a lot of people in

the field of Finance spend a lot of time doing very routine tasks in microsoft excel or other software’s where they’re doing kind of a a very similar step-by-step

process on a daily monthly basis where in the future likely a software engineer or someone who’s a professional programmer will be hired to automate the process that a lot of these none;">Finance professionals are currently doing and also in the field of Asset Management and Investments we’ve seen a trend away from active management so active management is when uh humans are actually using their skill and judgment in

choosing Investments to produce some sort of return and and we’re seeing less money pushed towards that and more money pushed towards passive management which is basically just automated systems of investing in index funds or exchange traded funds that just simply match an

index and so um i mean this trend from passive or active management to passive management is another hint towards the future of Finance being cannibalized by certain jobs in

computer science now this certainly won’t be the case for all of jobs and Finances there’s a lot of human interaction in some of these roles like consulting and

certainly financial sales but overall i think and this is my opinion that we might see a shift in a reduction in jobs in Finance over the next 20 30 years and for the final

category enjoyment i’m calling this one a tie now this is entirely based on people’s individual preferences and personalities i’ll say this for the field of computer science this is largely going to be more appealing to people with introverted personality types as you spend a lot

of the day uh working on problems working through these uh complicated issues by yourself staring at a screen in the field of Finance there certainly is a lot of staring at a

screen by yourself but there’s certain roles within Finance that might be aimed more towards extroverts like i said previously like consulting financial sales related

jobs will have a lot of face-to-face human interaction where success in these positions is dependent on the skill of a person’s uh on interpersonal skills and so certainly there’s some overlap between #1a73e8; text-decoration: none;">Finance and computer science when you’re talking about Finance positions that are more technical in nature more

quantitative or more analytical but there’s a broader spectrum of roles i would say within the financial services profession in terms of extroverted versus introverted personality types no matter which of these two majors you choose they’re both great choices as they’re in high

demand highly compensated and a lot of different career paths to go for either one i wish you the best of luck in making your decision if you liked this CashNews.co please subscribe to the channel for more just like it and let me know in the comments if you have any further questions on the uh

career paths or differences in degrees between Finance and computer science you

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31 thoughts on “Computer Science Vs Finance Major #Finance”

  7. Talking as a Major Finance graduate in Milan, Italy working in M&A industry, without a 5 years finance university you're going nowhere, plus it's not only about learning financial markets rules or financial mathematics but you must be very strong also at understanding laws and accounting principles like Gaaps and IFRS/IAS.
    It's incredible how demanding working in M&A is.

  9. Hi, great work! I am an Engineer in Telecommunications from South America and I want to pursue a Master Degree in USA, which of these do you recommend me to pursue a Master in CS or a Master in Financial Engineering?

  11. is majoring in finance and minoring in cs a good choice?also ive heard of fintech but im not sure about that so im pretty confused right now.Does minoring in cs still offer the same sort of jobs I would be getting if i majored in cs? I’ve personally always liked coding to an extent and also starting my own buisness using my coding skills whether it be a website or an app so i would love to know if i could learn the skill set to do the same even if i majored in finance and minored in cs. Would love to get some answers for these!

  12. I'm torn apart in choosing either to major in CS or Finance 😂 I like work that involves the stock market but the pay is definitely more towards CS and I would have an easier route to a big company like Microsoft due to some connections 🌚

  13. Hey there, great video! What do you think about International Business degree, one thats obtained from germany. What kind of average salaries do we look at in the USA, if one has a German International Business degree. I was thinking of computer science but lately ive been thinking twice as computer science requires extreme amount of coding and advanced math. I since childhood have not been fond of math, but on the other hand. I have always had extreme intrest for economics

  14. I've been programming for a few years now and completed my first year in computer science. Wanting to switch over to finance. I've always been tinkering around, building stuff, so the problem-solving/product-building side of me won't go away if I transition to finance. I'll know how to build products while having an understanding of the financial/economic side of things. In the end, I want to be working on my own thing. I know I can go off and be an entrepreneur right now (although super risky) but staying in school for now, meeting new people, developing professional maturity, and learning as much as I can is the best path for me right now. And I won't lie, the math classes for CS were a pain in the butt, and yes, I think finance will be much easier for me but I know I'll enjoy the material a lot. Still going to be coding and building projects for my portfolio. Thanks for the video!

  15. He is correct, firms including Citadel Securities, IMC Trading BV and Optiver BV have established bases, hired rapidly and plan to employ even more. Elite recruits with math, science and engineering background, finance firms are becoming more tech driven.

  16. My main issue with finance is the work life balance. I havent watched your video yet but if finance pays around the same as CS (does it?) and has okay-ish work-life balance where i’d actually be able to enjoy my salary and not get burnt out id go with finance.

  19. hello  @Ryan O'Connell, CFA, FRM as we can see, you have completed your CFA & FRM. do you think those certifications helped you in getting a job? i know they are gold standard in finance but did they actually help to cut out the competition along with msc Finance. i am at the same situation like you so that would be really helpful if you light me up with some ground reality. btw i am going for masters in finance UK University along with CFA. do you think that would be enough to secure a job in the market. we have to think all these stuff as we are overseas students.

  21. I'm currently pursuing CFA level 1. But my interest for programming pulls me there. As I'm not much experienced in programming, leaving the path already taken and trying to create a completely new path scares me. I wanted learn more about full stack development

  22. A degree in finance produces top compensation in mid and senior level careers IF you receive it from an elite university. This is very similar to a law degree. For the average finance or law degree, don’t expect to make an impressive salary.

  23. Hey Ryan,
    I am an international student in Austin and in the community college here there is a 4 year program called Bachelor of Applied Science in Software Development. Actually the universities here are very expensive so will this degree be beneficial to get hired, as I have seen international business grads are not hired easily …
    The community college thing is making me very doubtful🥺

  28. I want to major in finance but the college that I’m going to doesn’t have that. They offer a AA in accounting/business/computer science/ economics and I’m having a hard time deciding which one is worth it. I’m planning to transfer to a 4 yr univ. to get a finance degree. Which one of those is actually worth the risk? I was thinking accounting might do more impact cuz it has to do more with finance… but probably if I do BA it might b diff and CS well I like computers a lot but all the coding and stuff I was never good at it lol anyways I would love to get a feedback from you. Thank you!!

  31. Ryan this is an incredibly helpful video. I am currently a finance major thinking of going into IT, although it is too late to major in it. Thank you for covering these rarely compared majors.

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