This was a crucial insight and provided one of the earliest convincing confirmations of the existence of atoms. If you have an extra 1000 physics Ph.D.s that want finance jobs, then you'll flood the market. To make the parallel with the financial markets, we might say that stock prices are kicked around by myriad unknown factors in the marketplace. Complex networks are known to have a very wide range of applicability: a biological cell can be viewed as a network of chemicals linked through chemical reactions; the world wide web is a network of webpages connected by hyperlinks; and food webs are used by ecologists to model the relationships between different species. Remarkably, it is identical to the equation in physics that determines how pollen grains diffuse through water. I took my first class in bond math and I thought it was really mundane and uninteresting. This is because employers place high value on the analytical, technical and problem-solving skills that physics majors acquire. Richard Feynman was still there and I was also very inspired by my uncle, a high-energy experimentalist at Los Alamos National Laboratory. As long as you are learning and being challenged, you will be OK. Secondary school teacher 11. Never underestimate the importance of fundamentals, even in topics that you think are out of your current scope. Acoustic consultant 2. Research scientist (physical sciences) 10. The recent financial crisis has highlighted the need to better understand how the global markets work. I decided to go to Credit Suisse Financial Products, which at that time was a very small subsidiary of Credit Suisse First Boston (CSFB) with about 200 people globally. I'd also like them to remember that they should not be doing anything they don't enjoy. Thinking about large collections of particles like this led the physicists of the 19th century to the field of statistical mechanics and to a precise understanding of what is meant by concepts such as "temperature" and "pressure". Most of the CSFB employees were mathematicians and/or physicists with PhDs. Today, Luke oversees risk management for Alphadyne Asset Management, a $4.5-billion investment management firm with offices in New York, London, and Tokyo. Available for everyone, funded by readers. I soon realized structured products and exotic derivatives were never going to come back the way they had been before the crisis, so I moved over to Alphadyne Asset Managemnt to be the chief risk officer in 2012 and work with my old boss and many colleagues from J.P.Morgan and Goldman Sachs. #1 Report Thread starter 4 years ago #1 I am currently finish my A2's and I saw that a small percentage of physics graduates chose to go into finance… It isn't just a case of being "too big to fail" – an institute's position within the network matters too. As a particle physicist, I work with systems containing just a few particles and because the number of particles is not too great I can keep track of the ways they can interact with one another. How Can I Get Into Quantitative Finance Without a Mathematics or Physics Degree? Theoretical developments in statistical physics and complex systems may be able to help. 0 After two years, I decided I wanted to be a trader. This 60–credit, two–year program will provide you with introductory level instruction in subjects … At MIT, you have to take a minor in another field, and someone suggested I try finance. Precisely the same ideas are used to model the financial markets, in which case the "system" could be the price of an asset and the "components" would then be the range of things that can influence its price. The opportunity to study with professors like Richard Feynman and Kip Thorne at Caltech and learn the physics we did was phenomenal. Nanotechnologist 8. All rights reserved. A simple system might be a gas, in which case the components would be the constituent molecules. After I graduated from Caltech, I went to MIT to continue my studies in physics, and a couple of things happened. I had actually finished all the second-year requirements for an MBA already, so that made total sense. The risk role was quite well suited to the skill set I had developed over the years through risk managing a global team with many different products types, and the past few years at Alphadyne have been a very exciting and educational evolution in my career. Things rapidly spiral out of control whenever we try to study systems with a large number of components because it is then impossible to keep track of everything. According to a report published last year by the Institute of Physics, of those in employment one year after graduation, a job in "finance" was second only in popularity to a job in "education".