Which is more important, stat or econ?

[YIFCIMS]

I'm currently a undergrad student in UPitt, majoring in applied math with a related area in CS (including intermediate programming, data structure, discrete structure, algorithm implement), and is planning my own path to be a quant (quant trader will be the best). The first step would be applying to a graduate school and getting an MFE degree. Now I'm wondering which is better to be a minor, stat or econ, or, even no minors but related coursework?

For statistics minor, best choice: Intro to Probability, Intro to Statistics, Applied Time Series (must take Applied Regression as a prerequisite), Intermediate Probability, Stochastic Processes

For economics minor, best choice: Intermediate Microeconomics, Intermediate Macroeconomics, Applied Econometrics, Game Theory, Intermediate International Finance

For no minors but related coursework: Intro to Probability and any other five of courses listed above except Time Series

So what do you think? Any suggestions will help, thank you guys in advance!

 

[Corey Rowell]

Stats minor will better prepare you for MFE

 

[amir]

you don't loose anything if do the econ later. stat adds more value to your profile. moreover, knowing stat means also knowing econometrics

 

[YIFCIMS]

Really thank you guys so much, I think stat will be the best choice for me.

 

[YIFCIMS]

btw, I got a question about minor. What is the value of a minor?

Think about two students, one of them got 3.8/4.0 for his GPA, whereas have a minor in statistics; the other got 3.85/4.0, which is higher but lacks one course, say, intermediate probability, to get a stat minor. If you guys were the recruiters, which applicant would you prefer?

 

[bansalmohit]

.05 in GPA doesnt matter. Go ahead and take the course.

 

[Yike Lu]

I will add that having basic economics knowledge is very useful. So while Stats minor > Econ minor, a few econ courses (basic macro and micro) are very beneficial.

 

[Lyosha]

macro statistics and micro statistics? :P

 

[euroazn]

macro statistics and micro statistics? :p

I think he meant to say a few econ courses lol

 

[amanda.jayne]

macro statistics and micro statistics? :p

t-test vs. z-test!

 

[Yike Lu]

Woops I must be getting senile.