Language for Finance/Economics

Discussion in 'Mac Programming' started by Tony0693, Feb 14, 2013.

  1. macrumors newbie

    Joined:
    Feb 14, 2013
    #1
    Hey everyone,

    I'm on my way to a double major in Math and Economics but feel like having some programming knowledge would give me an edge when i graduate. I do have a background in Visual C, having done a year in Mechanical Engineering but i wonder if its even a relevent language nowadays.

    Which language is the best for financial applications such as financial analysis and moderate data crunching?


    Thanks!
     
  2. LPZ
    macrumors 65816

    Joined:
    Jul 11, 2006
    #2
    Mathematica® would be worth mastering.
     
  3. Moderator

    balamw

    Staff Member

    Joined:
    Aug 16, 2005
    Location:
    New England
  4. macrumors 68000

    Joined:
    Mar 29, 2009
    Location:
    USA
    #4
    Excel.

    Seriously.

    Also a little SQL can give you a head start, in case you get into reporting.
     
  5. macrumors 68020

    Raid

    Joined:
    Feb 18, 2003
    Location:
    Toronto
    #5
    It depends on where you want to go and what you want to do there. During my time at a bank the main statistical tool used was SAS, it's probably still used today as it's seen as a rock solid performer.

    I will say robvas is right in recommending Excel and SQL knowledge too... It has certainly helped me in my career.
     
  6. thread starter macrumors newbie

    Joined:
    Feb 14, 2013
    #6

    It has been a while but I finally got the money together to buy some software. The only problem is that I'm lost in terms of add-ons and the actual MATLAB software....
    Should I buy MATLAB student version + all the financial and economics add-ons
    or do I only buy certain Add-ons without the actual basic MATLAB?
     
  7. Moderator

    balamw

    Staff Member

    Joined:
    Aug 16, 2005
    Location:
    New England
    #7
    The toolboxes are useless without the basic package.

    The basic student package is $99, then each toolbox is $29. How much are you willing to spend?

    At least for commercial customers you can request evaluation copies of individual toolboxes before you buy them, but then of course they are ~10-30x more expensive than the student prices!

    B
     
  8. thread starter macrumors newbie

    Joined:
    Feb 14, 2013
    #8
    I was thinking around $250.. I'll have to research which ones would be the best..
     
  9. Moderator

    balamw

    Staff Member

    Joined:
    Aug 16, 2005
    Location:
    New England
    #9
    You should be able to buy them all. There's only 5 or so specifically for finance/economics which brings you right to $250 if you get them all.

    Financial Toolbox
    Econometrics Toolbox
    Datafeed Toolbox
    Financial Instruments Toolbox
    Trading Toolbox

    B
     

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