Statistics degrees vs data science degrees in quantitative finance. My opinion will differ from the industry as data science has been a new trend. Some of the larger banks are hiring people to solely do data science applied to finance. Many are still in the exploration phase of trying to figure out if they need official data scientists or if they can train current employees.

Overall I think data science will bring some value to finance but I don't think it will replace the current methods. Data science degrees can be a great asset as long as you focus on the hard skills and ignore the simplistic people who blindly apply models. Statistics degrees also remain a strong degree for quantitative finance because it is the backbone of the modeling world. Without stats and its theory, we don't have good ways to create predictions. Data science is really just an arm of statistics that overlaps more computer science and brute force than more traditional statistics methods.


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