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#621 - You Don't Need A Finance Degree To Trade Professionally: Hey everyone. This is Kirk here again at Option Alpha and welcome back to the daily call. Today, we’re going to be talking about why you don’t need a finance degree to trade professionally. A big misconception I think in this industry and I get...

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Hey everyone. This is Kirk here again at Option Alpha and welcome back to the daily call. Today, we’re going to be talking about why you don’t need a finance degree to trade professionally. A big misconception I think in this industry and I get why people have this misconception, is that you need a finance degree specifically to be able to either work on Wall Street or to be able to trade professionally. But the reality is (and even more so today than it was even say 10 years ago or 15 years ago) is that you don’t need a finance degree to trade or work on Wall Street or work in investments, any of the above. In fact, I’ll even use a quick example of that like really proves this point and was really kind of actually shocking to me at the time because I didn’t know any better kind of working from school and going to work on Wall Street for Deutsche Bank. A lot of the people that worked in our M&A department with us actually did not have finance degrees. Now, were there a decent amount? Of course. There was probably the most prevalent degree, but there’s actually people in our like pod that we were in specifically that had degrees in history or psychology or physics. I mean, it doesn’t matter necessarily that you have to have a finance degree. Do you have to understand finance? Should you probably have a little bit of like a financial background to do something, trading or investing professionally? Of course, that’s definitely going to help, right? That’s like a mechanic in an auto shop not having any idea of what a car is or what the engine is versus the transmission. You should have an understanding of what those components are, but do you need to have a finance degree to do this? Absolutely not. I think one of the things I learned for sure being in New York and kind of seeing other people is that most banks and most institutions are looking for people who can think critically and solve problems. And so, that’s not limited to just people with a finance degree. It’s really anybody. In fact, you don’t necessarily have to have a degree if you have experience and you’ve taught yourself and you can prove that you can think critically and solve problems. Hopefully this helps out. Hopefully it kind of gets you over that hurdle. If you’ve been searching or you just have this question and this kind of popped up online, we’d definitely like to help out. As always, if you have any questions, let me know and until next time, happy trading.

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