Why Wall Street prefers PhDs in physics to PhDs in mathematics

The question you asked is very strange! It can be said that you are half-informed! Let me tell you, Wall Street likes to recruit Ph.D.s in physics to engage in financial engineering, because Ph.D.s in physics are absolutely good at mathematical modeling, and many phenomena in the financial market are related to physics, which means they can be explained with physical knowledge, but cannot be explained with other languages. It’s easy to explain. There are many Ph.D.s in physics, chemistry, and even biology who graduated from the University of Science and Technology of China. Because the salary is not high, they go to Wall Street to engage in financial engineering. Many of them have made a fortune. The University of Science and Technology of China has about 500 alumni on Wall Street. Those who work in finance are generally not business majors. They are usually graduates of applied mathematics, physics, chemistry, biology, engineering and other science majors. Because there is more money on Wall Street, they go to work there, not just the University of Science and Technology of China, Tsinghua University, and Peking University. , Jiaotong University, Fudan University, Nanjing University, Nankai University, and Sun Yat-sen University all have professional backgrounds in science and engineering to engage in financial engineering. This is because they are based on a solid level of mathematical modeling! The major you are talking about may be quantum mechanics, statistical physics and financial engineering related majors, I guess!