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joeteicher comments on Which College Major? - Less Wrong Discussion

6 Post author: eggman 06 February 2012 01:45AM

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Comment author: [deleted] 06 February 2012 08:12:12PM 0 points [-]

I don't know the statistics but my impression is that the expected value is higher and the variance is lower in finance than in tech. My sample is biased because I don't personally know any rich tech people but I know a lot of rich traders.

In general I think it is pretty foolish to think you can walk into a competitive field and make $Millions without even any passion for what you are doing.

Comment author: jpulgarin 06 February 2012 09:48:16PM 0 points [-]

I've done quite a bit of research on the subject and talked with a lot of people in finance. So far my research has found that the expected value is lower and the variance is lower for finance. Given my background, a quant is the likeliest way for me to get into finance, but even then it is unlikely I would be able to get into a firm straight out of undergrad, so I'd need to do at least a master's degree (I'm halfway through an undergrad in CS right now).

I'm also not simply walking into the world of tech entrepreneurship. I've started various startups, worked at companies like Facebook, and have a pretty good network in the startup world.