Finance with Math Minor

<p>hmmm i guess i need to rethink my classes again… so what are you going to try to take first semester?</p>

<p>mgmt 100
econ 10
stat 101</p>

<p>and 2 of the following…
writing seminar
freshman seminar
a general edu requirement</p>

<p>is 104 required if let’s say you blow the bc calc test or something? or could you just forget it and take stat 101 first semester right away? i guess i need to start getting on top of this stuff too huh hah</p>

<p>You need credit for math 104 one way or another… so either a 5 on the AP test or you have to take it. Math 104 is a prerequisite for stat 101 so you would have to take that first. If you think you understood BC calc well but didn’t get credit and you wanted to take Math 114 anyway, you can get credit for both courses by getting over a C in 114.</p>

<p>If you are comfortable with math, do the minor. Wharton doesn’t require students to take 114 because honestly, most people here suck at math. It really should be a required part of the curriculum though since 104 is high school math.</p>

<p>A math minor is not as good as a dual degree, but it still puts you leagues ahead of people who only have a marginal grasp of derivatives.</p>

<p>If you want to learn more, but take fewer courses (i.e. not double major), there’s also math 116 which is the honors version of math 114. At least that thing covers differentiation in a rigorous fashion, so you should actually understand the results. Going through one such course makes it a lot easier to absorb math in the future, so it has that long-term benefit. I looked at the exercises and they were pretty similar to the introductory course 1st year math students took at my undergrad institution and most did fine, even though the requirements of getting in to the program are far below what Penn requires (many actually studied math, because they were not accepted by the business and medical programs :)).</p>

<p>I’ve never heard anyone mention the course here, but if you ever plan on doing a Ph.D. in Finance, then taking the course would most certainly help in the admissions process (assuming you do well).</p>

<p>“I really enjoyed 430. It was probably the toughest course I’ve taken so far at Penn.”
…and…
“You might end up with a B+ when you probably would have gotten an A in 101-102.”</p>

<p>Thank you for confirming my current decision lol.</p>

<hr>

<p>I really hate this attitude to studying. I’m a firm believer in the philosophy that during college you should only study stuff that’s hard enough that you won’t bother learning it on your own after you graduate.</p>

<p>The fact is that most of the basic business applications of stats are really trivial applications of the theory i.e. something you can just quickly study on your own after having learned the theory.</p>

<p>

There are very few, if any, Wharton undergrads considering a PhD in finance, or any graduate degree for that matter. For some reason you’ll find more premeds pursuing a business degree in Wharton than students looking to get a PhD in business related fields.</p>

<p>I’m a non-dual degree student, though I greatly enjoy math, who just took Stat430. Reflecting on the semester, I don’t think you should be discouraged. The main difference I have seen between Stat101 and 430 is that 430 really makes you develop the logical skills necessary to approach a probability problem as opposed to just punching the numbers in a calculator. </p>

<p>As for the grade- depending on the professor, Stat430 won’t necessarily be a difficult class. I know smart kids who got destroyed by a curve in Stat101 and ended up with C+ while decently smart kids got a B in Stat430. My recommendation is to take Stat430 only if you enjoy theoretical math - that should be the deciding factor. </p>

<p>It is true that almost everyone in the class is either engineering or a math major. There are even fewer Wharton girls (I think I was one of about four). </p>

<p>In general- a math minor really won’t do you much good. Instead, choose higher level math courses that you think will help you specifically with your concentration. Ex. I am interested in combining marketing and stats, so I’m steering away from Math 241, etc and instead taking Advanced Linear Algebra and higher level stats courses. I would recommend taking Math-114. Math104 focuses on principles that will do you very little good in business, unless focusing on series within ibanking. Math114, however, offers a great foundation that will help you understand a lot of concepts in greater detail later on.</p>