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href="https://www.investopedia.com/trading-strategies-4689646" rel="nocaes" id="mntl-text-link_1-0" class="mntl-text-link mntl-breadcrumbs__link" data-tracking-container="true" ><span class="link__wrapper">Trading Strategies</span></a></li> <li id="mntl-breadcrumbs__item_2-0" class="comp mntl-breadcrumbs__item mntl-block"><a href="https://www.investopedia.com/day-trading-4689641" rel="nocaes" id="mntl-text-link_2-0" class="mntl-text-link mntl-breadcrumbs__link" data-tracking-container="true" ><span class="link__wrapper">Day Trading</span></a></li></ul> <header id="article-header_1-0" class="comp article-header mntl-block right-rail__offset js-toc-appear"><h1 id="article-heading_1-0" class="comp article-heading mntl-text-block">Best Undergraduate Degrees for Day Traders</h1> <div id="sponsorship-wrapper_1-0" class="comp sponsorship-wrapper mntl-block"></div> <div id="article-meta_1-0" class="comp article-meta mntl-block" data-tracking-container="true"><div id="finance-bylines_1-0" class="comp finance-bylines mntl-bylines"><div id="mntl-bylines__group_1-0" class="comp mntl-bylines__group mntl-block mntl-bylines__group--author"><div id="mntl-bylines__item_1-0" class="comp mntl-bylines__item mntl-attribution__item mntl-attribution__item--has-date"> <span class="mntl-attribution__item-descriptor">By</span> <div data-tooltip="Zaw Thiha Tun is currently an investment advisor for PI Financial Corp. He is also a freelance financial writer on a wide variety of topics." tabindex="0" data-inline-tooltip="true"> <a href="https://www.investopedia.com/contributors/53759/" rel="nocaes" data-trigger-link="true" class="mntl-attribution__item-name" tabindex="-1" >Zaw Thiha Tun</a> <div id="mntl-author-tooltip_1-0" class="comp mntl-author-tooltip mntl-tooltip mntl-group"> <div class="mntl-author-tooltip__top "> <div class="mntl-author-tooltip__image-wrapper"> <div class="img-placeholder" style="padding-bottom:133.4%;"> <img data-srcset="https://www.investopedia.com/thmb/fjO9Gdn2ZNdNV7MPMCK6JFlrOYs=/90x0/filters:no_upscale():max_bytes(150000):strip_icc()/picture-53759-1425056216-5bfc2a8f46e0fb0051bdb293.jpg 90w" data-sizes="90px" data-src="https://www.investopedia.com/thmb/w8OvjoPPyYalhgreB4TiUbkjAgg=/90x200/filters:no_upscale():max_bytes(150000):strip_icc()/picture-53759-1425056216-5bfc2a8f46e0fb0051bdb293.jpg" class="lazyload mntl-author-tooltip__image" width="90" height="200" /> <noscript> <img src="https://www.investopedia.com/thmb/w8OvjoPPyYalhgreB4TiUbkjAgg=/90x200/filters:no_upscale():max_bytes(150000):strip_icc()/picture-53759-1425056216-5bfc2a8f46e0fb0051bdb293.jpg" srcset="https://www.investopedia.com/thmb/fjO9Gdn2ZNdNV7MPMCK6JFlrOYs=/90x0/filters:no_upscale():max_bytes(150000):strip_icc()/picture-53759-1425056216-5bfc2a8f46e0fb0051bdb293.jpg 90w" alt="" width="90" height="200" class="img--noscript mntl-author-tooltip__image" /> </noscript> </div> </div> <a href="https://www.investopedia.com/contributors/53759/" rel="nocaes" id="finance-author-tooltip__link_1-0" class="finance-author-tooltip__link mntl-text-link " data-tracking-container="true" ><span class="link__wrapper">Full Bio</span></a> <div class="mntl-author-tooltip__bio"> Zaw Thiha Tun is currently an investment advisor for PI Financial Corp. He is also a freelance financial writer on a wide variety of topics. </div> </div> <div class="mntl-author-tooltip__bottom"> <span class="mntl-author-tooltip__learn-more-text">Learn about our </span> <a href="/legal-4768893#editorial-policy" rel="nocaes" class="mntl-author-tooltip__learn-more-link" >editorial policies</a> </div> </div></div> </div> <div class="mntl-attribution__item-date">Updated May 05, 2024</div></div> <div id="mntl-bylines__group_2-0" class="comp mntl-bylines__group mntl-block mntl-bylines__group--finance_reviewer"><div id="mntl-bylines__item_2-0" class="comp mntl-bylines__item mntl-attribution__item "><svg class="icon reviewer-icon mntl-attribution__item-icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#reviewer-icon" href="#reviewer-icon"></use> </svg> <span class="mntl-attribution__item-descriptor">Reviewed by</span> <a href="https://www.investopedia.com/charles-potters-4942512" rel="nocaes" data-trigger-link="true" class="mntl-attribution__item-name" tabindex="0" >Charles Potters</a> </div></div> <div id="mntl-bylines__group_3-0" class="comp mntl-bylines__group mntl-block mntl-bylines__group--fact_checker"><div id="mntl-bylines__item_3-0" class="comp mntl-bylines__item mntl-attribution__item "><svg class="icon reviewer-icon mntl-attribution__item-icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#reviewer-icon" href="#reviewer-icon"></use> </svg> <span class="mntl-attribution__item-descriptor">Fact checked by</span> <div data-tooltip="Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate." tabindex="0" data-inline-tooltip="true"> <a href="https://www.investopedia.com/yarilet-perez-5078533" rel="nocaes" data-trigger-link="true" class="mntl-attribution__item-name" tabindex="-1" >Yarilet Perez</a> <div id="mntl-author-tooltip_2-0" class="comp mntl-author-tooltip mntl-tooltip mntl-group"> <div class="mntl-author-tooltip__top "> <div class="mntl-author-tooltip__image-wrapper"> <div class="img-placeholder" style="padding-bottom:133.3%;"> <img data-srcset="https://www.investopedia.com/thmb/5mW5IB9BobHXJ7XWOUsjsk0VGBI=/90x0/filters:no_upscale():max_bytes(150000):strip_icc()/YariletPerez-d2289cb01c3c4f2aabf79ce6057e5078.jpg 90w" data-sizes="90px" data-src="https://www.investopedia.com/thmb/q-NudbPA-6T3EaVYLf7zSPiwNZ8=/90x200/filters:no_upscale():max_bytes(150000):strip_icc()/YariletPerez-d2289cb01c3c4f2aabf79ce6057e5078.jpg" alt="Yarilet Perez" class="lazyload mntl-author-tooltip__image" width="90" height="200" /> <noscript> <img src="https://www.investopedia.com/thmb/q-NudbPA-6T3EaVYLf7zSPiwNZ8=/90x200/filters:no_upscale():max_bytes(150000):strip_icc()/YariletPerez-d2289cb01c3c4f2aabf79ce6057e5078.jpg" srcset="https://www.investopedia.com/thmb/5mW5IB9BobHXJ7XWOUsjsk0VGBI=/90x0/filters:no_upscale():max_bytes(150000):strip_icc()/YariletPerez-d2289cb01c3c4f2aabf79ce6057e5078.jpg 90w" alt="Yarilet Perez" width="90" height="200" class="img--noscript mntl-author-tooltip__image" /> </noscript> </div> </div> <div id="mntl-author-tooltip__name_1-0" class="comp mntl-author-tooltip__name mntl-attribution__item "><svg class="icon reviewer-icon mntl-attribution__item-icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#reviewer-icon" href="#reviewer-icon"></use> </svg> <span class="mntl-attribution__item-descriptor">Fact checked by</span> <span id="mntl-author-tooltip__name_1-0" class="comp mntl-author-tooltip__name mntl-attribution__item mntl-attribution__item-name">Yarilet Perez</span> </div> <a href="https://www.investopedia.com/yarilet-perez-5078533" rel="nocaes" id="finance-author-tooltip__link_2-0" class="finance-author-tooltip__link mntl-text-link " data-tracking-container="true" ><span class="link__wrapper">Full Bio</span></a> <div id="finance-author-tooltip__social_2-0" class="comp finance-author-tooltip__social finance-social-nav mntl-social-nav" data-tracking-container="true"> <ul class="social-nav__list"> <li class="social-nav__item social-nav__item--linkedin"> <a href="https://www.linkedin.com/in/yariletp/" target="_blank" rel="noopener nofollow sponsored noskim" data-text="Follow" class="social-nav__link social-nav__link--linkedin" aria-label="Visit Zaw Thiha Tun's LinkedIn" > <svg class="icon icon-linkedin social-nav__icon" > <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#icon-linkedin" href="#icon-linkedin"></use> </svg> </a> </li> </ul> </div> <div class="mntl-author-tooltip__bio"> Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate. </div> </div> <div class="mntl-author-tooltip__bottom"> <span class="mntl-author-tooltip__learn-more-text">Learn about our </span> <a href="/legal-4768893#editorial-policy" rel="nocaes" class="mntl-author-tooltip__learn-more-link" >editorial policies</a> </div> </div></div> </div></div> </div></div></header> </div><div class="loc article-content"><div id="article__primary-video-container--jw_1-0" class="comp article__primary-video-container--jw mntl-block"><div id="article__primary-video--jw_1-0" class="comp article__primary-video--jw mntl-jwplayer mm-video lazyload right-rail__offset aspectratio-16:9" data-bgset="https://cdn.jwplayer.com/v2/media/btMfjhuZ/poster.jpg?width=720" data-sizes="auto"> <video class="mntl-jwplayer__video lazyload" preload="none" data-poster="https://cdn.jwplayer.com/v2/media/btMfjhuZ/poster.jpg?width=720"></video> </div></div> <div id="article-body_1-0" class="comp article-body mntl-block" data-contain-tooltips="true"><div id="mntl-sc-page_1-0" class="comp mntl-sc-page mntl-block article-body-content" data-sc-sticky-offset="80" data-sc-ad-label-height="0" data-sc-ad-track-spacing="90" data-sc-min-track-height="250" data-sc-max-track-height="600" data-sc-breakpoint="50em" data-sc-load-immediate="1" data-sc-content-positions="[300, 1, 1, 1250, 1, 1, 1, 1]" data-bind-scroll-on-start="true"><p id="mntl-sc-block_1-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Day traders live in the fast-paced world of price and volume data, taking advantage of an asset’s fluctuations within time spans of a few seconds to mere minutes. Day traders are up long before the markets open, reading the news, performing market scans, and watching channels like CNBC and Bloomberg in order to get a reading on the market direction for the day. When the <a href="https://www.investopedia.com/terms/o/openingbell.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">opening bell</a> sounds, day traders have already narrowed in on the stocks, <a href="https://www.investopedia.com/terms/d/derivative.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">derivatives</a>, or currencies that are going to be traded for the day. </p> <div id="mntl-sc-block_2-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_3-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Day in and day out, this cycle will repeat itself, as traders attempt to be one of the very few who can successfully sift through the random flux of the markets and make a profit. If a career in all of this maelstrom seems exciting to you, we explain the educational degrees that would be beneficial to trading in this incredibly <a href="https://www.investopedia.com/terms/l/lucrative.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">lucrative</a>, yet risky environment. </p> <div id="mntl-sc-block_4-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <div id="mntl-sc-block_5-0" class="comp mntl-sc-block finance-sc-block-callout mntl-block"><div id="mntl-sc-block_6-0" class="comp mntl-sc-block mntl-sc-block-callout mntl-block theme-whatyouneedtoknow" data-tracking-id="mntl-sc-block-callout" data-tracking-container="true"><h3 id="mntl-sc-block-callout-heading_1-0" class="comp mntl-sc-block-callout-heading mntl-text-block">Key Takeaways</h3> <div id="mntl-sc-block-callout-body_1-0" class="comp mntl-sc-block-callout-body mntl-text-block"><ul><li>Becoming a day trader isn't a hobby - it's a job. It requires skill, knowledge, and above all, discipline and focus.</li><li>For most people, becoming a 'retail' day trader means you will be working for yourself, part-time from your home. These traders come from a range of backgrounds and can hold any number of degrees.</li><li>Professional day traders, on the other hand, are employed by firms and trade using their money. Degrees in finance, computer science, and statistics are highly valued by these employers.</li></ul></div></div></div> <figure id="mntl-sc-block_7-0" class="comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res"> <div class="figure-media"> <div class="img-placeholder" style="padding-bottom:66.6%;"> <img data-src="https://www.investopedia.com/thmb/XBYGthbevFitkbaa89tu3jQiFUw=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-699097873-bc9b1c629c91456eacbb2c33b38ab643.jpg" width="2121" height="1414" data-srcset="https://www.investopedia.com/thmb/W6TtjN9bbqI9jNVTq355fMlbmzc=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-699097873-bc9b1c629c91456eacbb2c33b38ab643.jpg 750w" data-sizes="750px" alt="Young traders analyzing computer data." class="lazyload universal-image__image" data-expand="300" data-hi-res-src="https://www.investopedia.com/thmb/XBYGthbevFitkbaa89tu3jQiFUw=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-699097873-bc9b1c629c91456eacbb2c33b38ab643.jpg" id=mntl-sc-block-image_1-0 data-tracking-container="true" data-img-lightbox="true" data-click-tracked="true" /> <noscript> <img src="https://www.investopedia.com/thmb/XBYGthbevFitkbaa89tu3jQiFUw=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-699097873-bc9b1c629c91456eacbb2c33b38ab643.jpg" width="2121" height="1414" class="img--noscript universal-image__image" srcset="https://www.investopedia.com/thmb/W6TtjN9bbqI9jNVTq355fMlbmzc=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-699097873-bc9b1c629c91456eacbb2c33b38ab643.jpg 750w" sizes="750px" alt="Young traders analyzing computer data." /> </noscript> </div> </div> <figcaption id="mntl-figure-caption_1-0" class="comp mntl-figure-caption type--mouse figure-caption figure-article-caption"> <span class="figure-article-caption-owner"><p>Tetra Images / Getty Images</p></span> </figcaption></figure> <span class="heading-toc" id="toc-retail-day-traders"></span><h2 id="mntl-sc-block_8-0" class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading"> <span class="mntl-sc-block-heading__text"> Retail Day Traders </span> </h2> <p id="mntl-sc-block_9-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> With the advent of electronic trading systems, <a href="https://www.investopedia.com/articles/trading/05/011705.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">day trading</a> has become more accessible for the retail traders and has grown in popularity. In the United States, a person merely needs to put up $25,000 worth of capital in their account to circumvent the <a href="https://www.investopedia.com/terms/s/stock-trader.asp" class="pseudoStyle" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">pattern day trader </a>rule and begin trading through one of the many discount brokerages available. With <a href="https://www.investopedia.com/terms/m/margin.asp" class="pseudoStyle" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="3">margins</a> sometimes four times the amount of initial capital, and brokerages competing with one another to offer the lowest commissions, day trading is increasingly becoming a potential source of income.<span class="ql-inline-citation" data-cite="4"></span><span class="ql-inline-citation" data-cite="1"></span> </p> <div id="mntl-sc-block_10-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <p id="mntl-sc-block_11-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Retail traders come from a diverse array of backgrounds and just like any other form of self-employment, formal education takes a back seat to experience, diligence, and passion in the chosen field. </p> <div id="mntl-sc-block_12-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <span class="heading-toc" id="toc-professional-day-trader-degrees"></span><h2 id="mntl-sc-block_13-0" class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading"> <span class="mntl-sc-block-heading__text"> Professional Day Trader Degrees </span> </h2> <p id="mntl-sc-block_14-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> In the 80s and 90s, traders were employed based primarily on their tenacity, charisma, and intuition in trading, working up the ranks as assistants to <a href="https://www.investopedia.com/terms/f/floortrader.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">floor traders</a> or clerks on the <a href="https://www.investopedia.com/financial-edge/1212/stock-exchanges-around-the-world.aspx" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">stock exchanges</a>. Traders from this era learned from the school of hard knocks, and it was not uncommon to find traders with little or no formal post-secondary education in the <a href="https://www.investopedia.com/terms/p/pit.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="3">pits</a>. However, as times change, and the world of electronic trading has made the trading game a lot more complex and competitive, firms are under pressure to recruit the brightest minds from top-ranking universities. There are specific degrees that recruiting departments of <a href="https://www.investopedia.com/terms/i/investmentbank.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="4">investment banks</a> and <a href="https://www.investopedia.com/terms/h/hedgefund.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="5">hedge funds</a> tend to gravitate towards. </p> <div id="mntl-sc-block_15-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <h3 id="mntl-sc-block_16-0" class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading"> <span class="mntl-sc-block-subheading__text"> Finance/ Business Administration </span> </h3> <p id="mntl-sc-block_17-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Recruiters look upon finance degrees favorably because a lot of the concepts that traders will encounter will be a core part of the undergraduate program. Graduates from a finance program should already have had exposure to the translation of accounting statements, derivatives, <a href="https://www.investopedia.com/terms/f/fixedincome.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">fixed income</a> securities, and <a href="https://www.investopedia.com/terms/c/corporatefinance.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">corporate finance</a>. Furthermore, universities tend to set high GPA standards for admission into finance programs, and the top undergraduates may take part in actual <a href="https://www.investopedia.com/terms/p/portfoliomanagement.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="3">portfolio management</a> scenarios using real funds, a precursor to the investment decisions they will likely face when employed. </p> <div id="mntl-sc-block_18-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <h3 id="mntl-sc-block_19-0" class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading"> <span class="mntl-sc-block-subheading__text"> Economics </span> </h3> <p id="mntl-sc-block_20-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> <a href="https://www.investopedia.com/terms/g/soros.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">George Soros</a>, Ray Dalio, and Jim Rogers are three men famous for their macroeconomic-based trading philosophies. A degree in economics will expose the budding trader to <a href="https://www.investopedia.com/terms/b/businesscycle.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">business cycles</a>, economic indicators, currencies, <a href="https://www.investopedia.com/terms/i/interestrate.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="3">interest rates</a>, and monetary/fiscal policy. As history tends to repeat itself, economics graduates would have become familiar with the inner workings of important policy decisions, <a href="https://www.investopedia.com/terms/e/economic-shock.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="4">economic shocks</a>, and crises, as well as their impacts on a global scale. Moreover, economic intuition will allow day traders to better understand the news flows and current events that may lead to trade decisions. Finally, economics degrees should expose undergraduates to basic regression and statistical analysis, both of which are utilized in futures trading. </p> <div id="mntl-sc-block_21-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <h3 id="mntl-sc-block_22-0" class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading"> <span class="mntl-sc-block-subheading__text"> Computer Science and Statistics </span> </h3> <p id="mntl-sc-block_23-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> As trading is becoming more and more computerized, it would be beneficial for enterprising traders to understand how these electronic flows of information work. Furthermore, firms employ armies of computer scientists and statisticians in their <a href="https://www.investopedia.com/terms/r/riskmanagement.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">risk management</a> teams or program complicated trading <a href="https://www.investopedia.com/terms/a/algorithm.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">algorithms</a> used extensively in <a href="https://www.investopedia.com/ask/answers/09/high-frequency-trading.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="3">high-frequency trading</a>, <a href="https://www.investopedia.com/terms/s/statisticalarbitrage.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="4">statistical arbitrage</a>, or <a href="https://www.investopedia.com/terms/m/marketmaker.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="5">market making</a>. If you are a quantitatively minded trader who is comfortable allowing your programs to make all the decisions (many thousands of times a day), then computer science would be an excellent major for your career. Furthermore, statistical concepts are applied extensively in day trading options, such as when gamma scalping straddles. Computer science and statistical undergraduate backgrounds can lead to graduate work in fields of <a href="https://www.investopedia.com/terms/f/financialengineering.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="6">financial engineering</a> or quantitative finance—both of which are very lucrative in their own right. </p> <div id="mntl-sc-block_24-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <h3 id="mntl-sc-block_25-0" class="comp mntl-sc-block finance-sc-block-subheading mntl-sc-block-subheading"> <span class="mntl-sc-block-subheading__text"> Applied Mathematics, Engineering, Physics </span> </h3> <p id="mntl-sc-block_26-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Trading can be incredibly mathematical in nature, especially as it pertains to derivatives. Math, engineering, and physics majors are highly sought after by recruiters because of their ability to understand incredibly quantitative concepts while learning to apply them in creative ways. For instance, the famous <a href="https://www.investopedia.com/terms/b/blackscholes.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">Black-Scholes Option Pricing Model</a> can be reduced to the heat equation, and newer iterations of option pricing models rely heavily on <a href="https://www.investopedia.com/terms/s/stochastic-volatility.asp" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">stochastic volatility</a> modeling.<span class="ql-inline-citation" data-cite="5"></span> </p> <div id="mntl-sc-block_27-0" class="comp mntl-sc-block mntl-sc-block-adslot mntl-block"></div> <span class="heading-toc" id="toc-the-bottom-line"></span><h2 id="mntl-sc-block_28-0" class="comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading"> <span class="mntl-sc-block-heading__text"> The Bottom Line </span> </h2> <p id="mntl-sc-block_29-0" class="comp mntl-sc-block finance-sc-block-html mntl-sc-block-html"> Traders come from a variety of backgrounds, reflecting the extremely vast array of styles and techniques unique to each individual. However, as the markets are quantitative in nature, it would be useful to pursue a degree in a quantitative discipline if you wish to make a career out of trading. That said, an understanding of economics and finance is also extremely important, and degrees in business administration, finance, or economics can also be viable means upon which to launch a career. </p></div> <div id="textnote-placeholder_1-0" class="comp textnote-placeholder mntl-block"></div> <div id="textnote_1-0" class="comp textnote mm-ads-gpt-adunit gpt textnote "> <div id="textnote" class="wrapper" ></div> </div></div> </div><div class="loc article-post-content"><div id="article-sources_1-0" class="comp article-sources mntl-article-sources mntl-expandable-block" data-scroll-offset="100"><div class="loc toggle-content"><div id="mntl-article-sources__wrapper_1-0" class="comp mntl-article-sources__wrapper mntl-block article-sources__wrapper" data-click-tracked="true"><div id="mntl-article-sources__heading_1-0" class="comp mntl-article-sources__heading mntl-text-block article-sources__heading">Article Sources</div> <div id="mntl-article-sources__icon-wrapper_1-0" class="comp mntl-article-sources__icon-wrapper mntl-block article-sources__icon-wrapper"><div id="article-sources__show-icon_1-0" class="comp article-sources__show-icon mntl-block"></div> <div id="article-sources__hide-icon_1-0" class="comp article-sources__hide-icon mntl-block"></div></div></div> </div><div class="loc expandable-content"> <div id="article-sources__disclaimer_1-0" class="comp article-sources__disclaimer mntl-block">Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our <a href="https://www.investopedia.com/legal-4768893#EditorialPolicy" rel="nocaes" id="article-sources__disclaimer-text-link_1-0" class="article-sources__disclaimer-text-link mntl-text-link " data-tracking-container="true" ><span class="link__wrapper">editorial policy.</span></a></div> <div id="mntl-article-sources__citation-sources-1_1-0" class="comp mntl-article-sources__citation-sources-1 mntl-citation-sources mntl-sources" data-tracking-container="true"> <ol class="mntl-sources__content"> <li class="mntl-sources__source" id="citation-4"><p>Financial Industry Regulatory Authority (FINRA). "<a href="https://www.finra.org/investors/investing/investment-products/stocks/day-trading" data-component="link" data-source="inlineLink" data-type="externalLink" data-ordinal="1">Day Trading</a>."</p></li> <li class="mntl-sources__source" id="citation-1"><p>U.S. Securities and Exchange Commission. "<a href="https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/margin" data-component="link" data-source="inlineLink" data-type="externalLink" data-ordinal="1">Margin Rules for Day Trading</a>."</p></li> <li class="mntl-sources__source" id="citation-5"><p>Columbia University. "<a href="https://www.columbia.edu/~mh2078/FoundationsFE/BlackScholes.pdf" data-component="link" data-source="inlineLink" data-type="externalLink" data-ordinal="1">The Black-Scholes Model</a>."</p></li> </ol> </div> </div></div> <div id="performance-marketing_1-0" class="comp performance-marketing mntl-block "><div id="gam-ad-table_1-0" class="comp gam-ad-table ad-table mntl-block"><div id="brokertable--v2_1-0" class="comp brokertable--v2 brokertable finance-ad-table mm-ads-ad-table mntl-block ad-table--v2" data-ad-table="brokertable2-"><div id="mm-ads-ad-table__heading_1-0" class="comp mm-ads-ad-table__heading mntl-text-block">Compare Accounts</div> <div id="mm-ads-ad-table__disclosure_1-0" class="comp mm-ads-ad-table__disclosure mntl-block" data-tracking-container="true"><button id="mm-ads-ad-table__disclosure-label_1-0" class="comp mm-ads-ad-table__disclosure-label mntl-button"> Advertiser Disclosure </button> <div id="mm-ads-ad-table__disclosure-description_1-0" class="comp mm-ads-ad-table__disclosure-description mntl-block"><div id="mm-ads-ad-table__disclosure-close_1-0" class="comp mm-ads-ad-table__disclosure-close mntl-text-block">×</div> <div id="mm-ads-ad-table__disclosure-content_1-0" class="comp mm-ads-ad-table__disclosure-content mntl-text-block">The offers that appear in this table are from partnerships from which Investopedia receives compensation. 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Investopedia does not include all offers available in the marketplace.</div></div></div> <div id="mm-ads-ad-table__content_1-0" class="comp mm-ads-ad-table__content mntl-block"><div id="mm-ads-ad-table-column_1-0" class="comp mm-ads-ad-table-column mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit gpt adtable dynamic"> <div id="brokertable2-1" class="wrapper" data-type="adtable" data-pos="brokertable2-1" data-priority="9" data-sizes="["fluid"]" data-rtb="false" data-wait-for-third-party="false" data-targeting="{}"></div> </div> <div id="mm-ads-ad-table-column_2-0" class="comp mm-ads-ad-table-column mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit gpt adtable dynamic"> <div id="brokertable2-2" class="wrapper" data-type="adtable" data-pos="brokertable2-2" data-priority="9" data-sizes="["fluid"]" data-rtb="false" data-wait-for-third-party="false" data-targeting="{}"></div> </div> <div id="mm-ads-ad-table-column_3-0" class="comp mm-ads-ad-table-column mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit gpt 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data-targeting="{}"></div> </div></div></div> <div id="mntl-block_8-0" class="comp mntl-block"><div id="fin-billboard7-sticky-dynamic_1-0" class="comp fin-billboard7-sticky-dynamic mm-ads-sc-sticky-square scads-to-load right-rail__item" data-height="600" style="height: 600px;"><div id="mm-ads-sc-sticky-square-ad_7-0" class="comp mm-ads-sc-sticky-square-ad billboard7-dynamic mm-ads-dynamic-square mm-ads-gpt-dynamic-adunit mm-ads-gpt-adunit mm-ads-square gpt square dynamic"> <div id="square-fixed" class="wrapper" data-type="square" data-pos="btf6" data-priority="9" data-sizes="[[300, 250],"fluid"]" data-rtb="true" data-wait-for-third-party="false" data-targeting="{}"></div> </div></div></div> <div id="mntl-block_9-0" class="comp mntl-block"></div> <div id="mntl-block_10-0" class="comp mntl-block"></div> <div id="mntl-block_11-0" class="comp mntl-block"></div></div></div> </div></article> <div id="related-recirc-section_1-0" class="comp related-recirc-section mntl-block" 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