In this paper, we compare some of the essential traits of the software preferred by researchers, students, and professors, such as R or RStudio, or Matlab. In order to fill the gap in the Romanian literature and help finance students in choosing proper tools according to the research purpose, this comparative study aims at bringing a fresh, useful perspective in the relevant literature. In Romania, the use of R was the focus of several international conferences on official statistics held in Bucharest, and others having business excellence, innovation, and sustainability as purpose, while Eviews is recommended and taught by the Romanian professors. At this time, at a global scale, R programming language is considered the lingua franca of data science, as common statistical software used both in corporations and academia. In this paper, I analyze the basic features of such software, with the purpose of application in finance.