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Palo Alto, California
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I am not great at math but want to be a Finance major. What are some math classes I would be expected to take?
Note: this question was asked anonymously by a learner
6 answers
Michael Torio
Consultant - Data Reporting & Analysis (HQ Finance)
362
Answers
Alpharetta, Georgia
Updated
Michael’s Answer
Hello:
Here is a list of math classes that a Finance major would be required to take:
- Statistics
- Probability
- Data Analysis and/or Time Series Analysis
- Financial Accounting/Accounting
- Business Mathematics
- Algebra and/or Trigonometry
While in high school, one will need to focus on science and math classes to prepare for a career in Finance. Physics and chemistry will be the core science courses. For math, algebra, statistics, geometry and calculus will be needed. Other classes to take will be computer science, economics, business, finance and applied technology. The combination of these concentrations will enable you to focus and refine your analytical skills; complex problem solving; investigative and innovative critical thinking; attention to detail and observation skills; etc.
Other skills that will need to be built upon center around team building, team work and communication. In any work culture, collaboration amongst team members, partner departments and clients occur on a daily basis. A college course in public speaking, communications and English will help with one's communication and writing skills since analysis reports are generated and findings are presented to colleagues and other professionals who deal with Finance. Another recommendation is to seek the advice from your high school guidance counselor and teachers. They can help guide your educational pathway for Finance.
According to U.S. News and World Report, here are the top colleges and universities for Finance Majors:
- University of Pennsylvania
- New York University
- University of Michigan (Ann Arbor)
- University of Texas (Austin)
- Massachusetts Institute of Technology
- University of California (Berkeley)
- Boston College
- University of North Carolina (Chapel Hill)
- Carnegie Mellon University
- Indiana University (Bloomington)
- Cornell University
- University of Virginia
https://www.usnews.com/best-colleges/rankings/business-finance
When reviewing colleges and universities, it is best to check the following:
- In-State vs Out of State Tuition
- Internships
- Scholarships
- Career Placement upon graduation
- Course work and offered classes
- Post-Graduate Degrees - Master and Doctoral
Scholarship applications can start to be submitted during your Junior year and will continue throughout your Senior year in high school. It is best to ask your Academic Advisor/School Counselor on the timeline process as well. Scholarship applications will have specific deadlines and requirements to meet in order to be submitted for review and consideration.
You may want to start to compile your resume/portfolio since a majority of scholarship applications will require academic grade point average (GPA), academic accomplishments, school activities (clubs, sports, etc.), community involvement (volunteer, church, etc.), academic and personal recommendations, etc. There may be essay requirements on why you are a qualified candidate to receive the scholarship, what your future goals are academically and professionally and other questions centering around who you are, your beliefs, etc.
Here are a couple of links for College Scholarships:
https://www.mometrix.com/blog/scholarships-for-college/
https://www.nchchonors.org/students/awards-scholarships/national-scholarships
Also, it will be best to check with the colleges and universities that you will be applying to. You can check with the School/Department of your desired major, the Campus Career Center and the Register's Office for additional information for college scholarships and grants and specific requirements for qualifications.
Best wishes for your education and career path in Finance!
Here is a list of math classes that a Finance major would be required to take:
- Statistics
- Probability
- Data Analysis and/or Time Series Analysis
- Financial Accounting/Accounting
- Business Mathematics
- Algebra and/or Trigonometry
While in high school, one will need to focus on science and math classes to prepare for a career in Finance. Physics and chemistry will be the core science courses. For math, algebra, statistics, geometry and calculus will be needed. Other classes to take will be computer science, economics, business, finance and applied technology. The combination of these concentrations will enable you to focus and refine your analytical skills; complex problem solving; investigative and innovative critical thinking; attention to detail and observation skills; etc.
Other skills that will need to be built upon center around team building, team work and communication. In any work culture, collaboration amongst team members, partner departments and clients occur on a daily basis. A college course in public speaking, communications and English will help with one's communication and writing skills since analysis reports are generated and findings are presented to colleagues and other professionals who deal with Finance. Another recommendation is to seek the advice from your high school guidance counselor and teachers. They can help guide your educational pathway for Finance.
According to U.S. News and World Report, here are the top colleges and universities for Finance Majors:
- University of Pennsylvania
- New York University
- University of Michigan (Ann Arbor)
- University of Texas (Austin)
- Massachusetts Institute of Technology
- University of California (Berkeley)
- Boston College
- University of North Carolina (Chapel Hill)
- Carnegie Mellon University
- Indiana University (Bloomington)
- Cornell University
- University of Virginia
https://www.usnews.com/best-colleges/rankings/business-finance
When reviewing colleges and universities, it is best to check the following:
- In-State vs Out of State Tuition
- Internships
- Scholarships
- Career Placement upon graduation
- Course work and offered classes
- Post-Graduate Degrees - Master and Doctoral
Scholarship applications can start to be submitted during your Junior year and will continue throughout your Senior year in high school. It is best to ask your Academic Advisor/School Counselor on the timeline process as well. Scholarship applications will have specific deadlines and requirements to meet in order to be submitted for review and consideration.
You may want to start to compile your resume/portfolio since a majority of scholarship applications will require academic grade point average (GPA), academic accomplishments, school activities (clubs, sports, etc.), community involvement (volunteer, church, etc.), academic and personal recommendations, etc. There may be essay requirements on why you are a qualified candidate to receive the scholarship, what your future goals are academically and professionally and other questions centering around who you are, your beliefs, etc.
Here are a couple of links for College Scholarships:
https://www.mometrix.com/blog/scholarships-for-college/
https://www.nchchonors.org/students/awards-scholarships/national-scholarships
Also, it will be best to check with the colleges and universities that you will be applying to. You can check with the School/Department of your desired major, the Campus Career Center and the Register's Office for additional information for college scholarships and grants and specific requirements for qualifications.
Best wishes for your education and career path in Finance!
Fred Rosenberger
Data Analyst
481
Answers
St. Louis, MO
Updated
Fred’s Answer
Go to just about any university/college webpage, and you can find exactly what is required. Each school will have their own specific requirements, but if you look at a few, you'll get a pretty good idea.
There will be a section for 'majors' or something like that. Find the finance major, and they will have a list of all required and optional courses.
There will be a section for 'majors' or something like that. Find the finance major, and they will have a list of all required and optional courses.
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity => Self-Actualization.
6342
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Hello to all at Career Village Office Hours!
Mathematics Courses for Finance Students
Embarking on a Finance degree journey often involves undertaking a variety of math courses. These equip students with the quantitative skills and analytical prowess necessary for the industry. Here's a comprehensive list of the math classes you'll likely come across:
1. College Algebra
This fundamental course delves into basic algebraic principles, such as equations, inequalities, functions, and graphs. It's a stepping stone to understanding the more intricate mathematical concepts used in finance.
2. Calculus
A semester or more of calculus is usually part of finance programs. This course presents concepts like limits, derivatives, and integrals, essential for comprehending changes in financial models and optimizing functions for profit maximization or cost reduction.
3. Statistics
Statistics is a must-have for finance students as it imparts the ability to analyze data, comprehend probability distributions, and make educated decisions based on statistical analysis. The course may cover descriptive statistics, inferential statistics, regression analysis, and hypothesis testing.
4. Financial Mathematics
Certain programs offer specialized courses in financial mathematics, concentrating on time value of money, annuities, loans, bond pricing, and investment returns. This course applies math principles directly to financial situations.
5. Econometrics
Though not always compulsory, econometrics blends economic theory with statistical methods to scrutinize economic data. This course is especially beneficial for those keen on quantitative finance or research roles.
6. Linear Algebra
This course, which focuses on vector spaces and linear mappings between these spaces, might also be part of the curriculum. Understanding linear algebra can be advantageous when dealing with intricate financial models.
7. Advanced Topics (Optional)
Depending on your university's course availability and your specific interests within finance (like risk management or investment analysis), you could opt for advanced courses such as differential equations or numerical methods.
In conclusion, even if you're "not so good at math," don't be deterred from a Finance major. Many universities offer resources like tutoring centers or study groups to help bolster your math skills over time. Moreover, building a robust foundation in these key areas will significantly boost your chances of excelling in finance-related coursework and careers.
Top 3 Credible Sources Used:
1. Investopedia
Investopedia offers thorough articles on diverse topics related to finance education and career paths, including necessary coursework for finance majors.
2. The Princeton Review
The Princeton Review provides insights into college programs across the U.S., including typical curricula for different majors like Finance.
3. National Center for Education Statistics (NCES)
The NCES is a leading source for U.S. education data, supplying information about college degree requirements and common courses for students pursuing degrees in various fields, including Finance.
Likelihood of the answer being correct: 95%
Blessings to you all!
JC.
Mathematics Courses for Finance Students
Embarking on a Finance degree journey often involves undertaking a variety of math courses. These equip students with the quantitative skills and analytical prowess necessary for the industry. Here's a comprehensive list of the math classes you'll likely come across:
1. College Algebra
This fundamental course delves into basic algebraic principles, such as equations, inequalities, functions, and graphs. It's a stepping stone to understanding the more intricate mathematical concepts used in finance.
2. Calculus
A semester or more of calculus is usually part of finance programs. This course presents concepts like limits, derivatives, and integrals, essential for comprehending changes in financial models and optimizing functions for profit maximization or cost reduction.
3. Statistics
Statistics is a must-have for finance students as it imparts the ability to analyze data, comprehend probability distributions, and make educated decisions based on statistical analysis. The course may cover descriptive statistics, inferential statistics, regression analysis, and hypothesis testing.
4. Financial Mathematics
Certain programs offer specialized courses in financial mathematics, concentrating on time value of money, annuities, loans, bond pricing, and investment returns. This course applies math principles directly to financial situations.
5. Econometrics
Though not always compulsory, econometrics blends economic theory with statistical methods to scrutinize economic data. This course is especially beneficial for those keen on quantitative finance or research roles.
6. Linear Algebra
This course, which focuses on vector spaces and linear mappings between these spaces, might also be part of the curriculum. Understanding linear algebra can be advantageous when dealing with intricate financial models.
7. Advanced Topics (Optional)
Depending on your university's course availability and your specific interests within finance (like risk management or investment analysis), you could opt for advanced courses such as differential equations or numerical methods.
In conclusion, even if you're "not so good at math," don't be deterred from a Finance major. Many universities offer resources like tutoring centers or study groups to help bolster your math skills over time. Moreover, building a robust foundation in these key areas will significantly boost your chances of excelling in finance-related coursework and careers.
Top 3 Credible Sources Used:
1. Investopedia
Investopedia offers thorough articles on diverse topics related to finance education and career paths, including necessary coursework for finance majors.
2. The Princeton Review
The Princeton Review provides insights into college programs across the U.S., including typical curricula for different majors like Finance.
3. National Center for Education Statistics (NCES)
The NCES is a leading source for U.S. education data, supplying information about college degree requirements and common courses for students pursuing degrees in various fields, including Finance.
Likelihood of the answer being correct: 95%
Blessings to you all!
JC.
Qingyi Yan
Investment Risk Analyst
1
Answer
New York, New York
Updated
Qingyi’s Answer
During my undergraduate studies, I pursued a major in financial mathematics, which involved comprehensive courses in probability and statistics, calculus, algebra, time series, and econometrics among others. As I advanced to graduate school, I specialized in the mathematics of finance. This included an in-depth study of stochastic calculus, statistical methods, and numerical methods in finance. Now, I am prepared to apply these skills and knowledge in a practical setting.
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity => Self-Actualization.
6342
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Dear Career Village Office Hours Team,
## Delving into Hybrid Career Opportunities
**In light of your enthusiasm for both the medical field and the arts, here are some hybrid career paths you might want to explore:**
### Medical Humanities:
* **Medical Writing:** Consider crafting articles, books, or grant proposals within the healthcare sphere.
* **Medical Ethics:** Delve into researching and dissecting ethical dilemmas in the medical field.
* **Health Communication:** Engage in the creation of impactful health education resources.
### Medical Illustration:
* **Medical Concept Visualization:** Put your creativity to work by designing diagrams, animations, or illustrations that simplify complex medical data.
### Health Policy:
* **Healthcare Decision Influencer:** Consider roles in government, non-profit organizations, or think tanks where you can shape healthcare policies.
### Medical Research:
* **Medical Inquiry Investigator:** Utilize your scientific acumen coupled with creative problem-solving abilities.
### Medical Photography:
* **Human Body Documentarian:** Use your lens to document medical procedures, patient journeys, and research discoveries.
### Art Therapy:
* **Healing through Art:** Apply your artistic talents in therapeutic settings to assist patients in managing illness or trauma.
### **Further Considerations:**
* **Part-time Medical Practice:** If your heart is set on medicine, you might want to think about part-time medical practice while also nurturing your artistic pursuits.
* **Medical Humanities Fellowship:** Numerous medical schools and institutions provide fellowships in medical humanities, which could open doors to explore these hybrid careers.
Keep in mind, these are just a handful of examples, and countless other opportunities exist. The goal is to discover a career that marries your interests and passions.
**Are you interested in delving deeper into any of these options, or do you have different ideas you'd like to explore?**
Blessings,
JC.
## Delving into Hybrid Career Opportunities
**In light of your enthusiasm for both the medical field and the arts, here are some hybrid career paths you might want to explore:**
### Medical Humanities:
* **Medical Writing:** Consider crafting articles, books, or grant proposals within the healthcare sphere.
* **Medical Ethics:** Delve into researching and dissecting ethical dilemmas in the medical field.
* **Health Communication:** Engage in the creation of impactful health education resources.
### Medical Illustration:
* **Medical Concept Visualization:** Put your creativity to work by designing diagrams, animations, or illustrations that simplify complex medical data.
### Health Policy:
* **Healthcare Decision Influencer:** Consider roles in government, non-profit organizations, or think tanks where you can shape healthcare policies.
### Medical Research:
* **Medical Inquiry Investigator:** Utilize your scientific acumen coupled with creative problem-solving abilities.
### Medical Photography:
* **Human Body Documentarian:** Use your lens to document medical procedures, patient journeys, and research discoveries.
### Art Therapy:
* **Healing through Art:** Apply your artistic talents in therapeutic settings to assist patients in managing illness or trauma.
### **Further Considerations:**
* **Part-time Medical Practice:** If your heart is set on medicine, you might want to think about part-time medical practice while also nurturing your artistic pursuits.
* **Medical Humanities Fellowship:** Numerous medical schools and institutions provide fellowships in medical humanities, which could open doors to explore these hybrid careers.
Keep in mind, these are just a handful of examples, and countless other opportunities exist. The goal is to discover a career that marries your interests and passions.
**Are you interested in delving deeper into any of these options, or do you have different ideas you'd like to explore?**
Blessings,
JC.
Jerome Dees Jr.
Sales Professional and Networking Expert
613
Answers
San Francisco, California
Updated
Jerome’s Answer
Most people don’t realize, but there are a tremendous amount of resources available if you look for them. Be it a math lab or tutors, there will likely be support available to help you get through.
I’d also recommend contacting the alumni association and asking to connect with graduates in that area of study. They might be able to offer guidance too.
I’d also recommend contacting the alumni association and asking to connect with graduates in that area of study. They might be able to offer guidance too.
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