Will a double major in finance and economics prepare me for a career in data science?
Question:
Will a double major in finance and economics prepare me for a career in data science?
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Answer:
Experts in data science are becoming increasingly more influential as companies across industries need those who can interpret and effectively utilize data. Those who excel within the field are capable of both controlling large quantities of data into top of the line interpretive visualizations, and use this data to design foreword thinking plans. These plans should enhance positive outcomes while moderating any possible threats to the business.
After reflecting with IT leaders, industry analysts, data sciences, and other qualified professionals, CIO magazine compiled the most essential skills and attributes that one must possess in order to be successful within the field of data science:
- Critical thinking-your experience in finance and economics most certainly have given you skills in critical thinking. Just as in those fields of study, you must be able to look at and interpret data in order to draw supported conclusions. Employers are looking for those who can understand the complexities of an issue and pinpoint what precisely will solve that problem. This entails the ability to sort the valuable information from the nonessential.
- Math-a keen understanding of the intricate elements of statistical models.
- Communication skills-relaying important data to key stakeholders in an understandable and persuasive manner.
- Knowledge of the following code languages, is in high demand for data scientists:
- Python
- C++
- Java
- Coding-statistical models are a skill that you may already possess from your prior education. A few examples are:
- Regression
- Optimization
- Clustering
- Decision Trees
For more information about a Data Scientist: Education, Skills & Training, check out this article: Data Scientist: Education, Skills & Training.
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