Finance & Good Maths Skills

[Kehinde]

finance happens to be one of the most quantitative fields. To learn essential skills such as analyzing and assessing investment performance and financial planning for savings goals, you must acquire a solid foundation in mathematics.

 

[Abisola]

Math of Finance – Algebra. Geometry and Trigonometry in Finance. Calculus for Financial Management. Most Used Mathematical Course in Finance – Basic Statistics/Probability

 

[QalabDogar1906]

If you find good software to help you out, then your math skills might not be so strongly needed. There is QuickBooks that's easy to learn and can help you in all areas of your business and including preparing for taxes. I used to be very good at math but not as much anymore since I don't utilize it often besides basic adding/subtraction. You can find that even Excel spreadsheets can help in doing some of the basic math functions if you know how to use Excel; and if you don't then learn how with YouTube tutorials.

The students of finance and math are very intelligent. Skills of finance is very useful in our daily life is used do deposit and exposit money from one bank to another bank. And the basic use of mathematics is used to study the math to calculate the counting and used in calculations. So both of finance and math all very important skills

 

[Kingsley]

Maths is the foundation of all subjects it expands the brain, it helps with spatial thinking, this also makes the foundation of finance, finance is based on mathematics.

 

[Yaqoob Habib]

Minimal mathe studies are required for all business majors,finance happens to be one of the most quantitative fields.to learn essential skill such as analyzing and assessing investment performance and financial planning for savings goals,you mast acquire a solid foundation in mathematics.

 

[Shayo]

A good math skill and knowledge is required in finance, why else would companies hire an expert in the field rather than put someone with just basic knowledge in the position. Financial accounting is serious work, any little mistake can lead to debt or loss.

 

[Muhammadawais]

What math skills are usually required in finance?

Mental mathematics Most people understand what is involved in basic math, and will assume (correctly) that basic math skills are required for financial management. ...

Algebra ...

Triangular ...

Statistics and probability

 

[Sheyemanu]

I personally, I am pretty good in maths and I can calculate my finances pretty well. I believe that maths and finance go hand in hand. I am glad though that there are softwares that can help in that and you can do it all with your phone. Also there are some other aspects of finance that don't involve calculations.

 

[Goodday]

It's very obvious one cannot do effective finance related activities without basic mathematics. But on the other hand I don't think it's also very necessary to go deeper in mathematics nowadays that electronic devices are there to help us do everything simple.

 

[Caali]

I will say you absolutely do not need to be good at math to work in finance. I have worked in finance for over a decade and met many people in finance who made a healthy six, seven, or more figures whom I would consider not very good at math. Although, it is hard to say if my idea of good at math is in line with yours.

 

[Kelly5]

In this age and time we live in? On the twenty first century, there are a good number of accounting software and applications you can lay your hand on and solve whatever accounting problems you're having right now. Just check them out

 

[Ralphjoe]

I don't think that a good math skills is compulsory for finance jobs because in my experience,computation in financial sector just involves the basic maths skills of addition, subtraction and ability to arrange good concepts together in an orderly manner.

 

[Onachukwu]

Going against the grain of most of the current answers, I will say you absolutely do not need to be good at math to work in finance. I have worked in finance for over a decade and met many people in finance who made a healthy six, seven, or more figures whom I would consider not very good at math. Although, it is hard to say if my idea of good at math is in line with yours.

 

[Emma Aneni]

I will describe competent as being expert and recognised in whatever skill or field a person is specialized on.
If am expert people will always prefer me and I will have high demand.
Which can also be explained as being competent.

 

[Waseem74]

• Mental Arithmetic. Most people understand what is involved in basic arithmetic, and would assume (correctly) that basic arithmetic skills are required for financial management. ...
• Algebra. ...
• Trigonometry. ...
• Statistics and Probability.

 

[Joseph555]

Everyone knows that mathematics is very crucial in every line of business so as a business man it is required of you to have a skill or pre knowledge on symbol addition and subtraction of numbers as this will help you in your day-to-day running of business so it is necessary to be equipped mathematically

 

[Highflyer]

It is necessary to have basic maths skills if you want to be a good accountant, you don't have to be a guru in Calculus though, but you need it if you want to excel in the accounting field. This is why financial mathematics is taught in tertiary institutions.

 

[Abisola]

While minimal math studies are required for all business majors, finance happens to be one of the most quantitative fields. To learn essential skills such as analyzing and assessing investment performance and financial planning for savings goals, you must acquire a solid foundation in mathematics

 

[Shahid]

Many people automatically equate the world of finance with the many different academic disciplines involved in arithmetic, but most financial professionals lack a well-rounded mathematical education. The modern reliance on technological devices to do our number-crunching faster, and more reliably, than we could ever do it ourselves, has made individual mastery of a broad range of advanced mathematical skills unnecessary.

 

[Shahidhussain480]

Many people automatically equate the world of finance with the many different academic disciplines involved in arithmetic, but most financial professionals lack a well-rounded mathematical education. The modern reliance on technological devices to do our number-crunching faster, and more reliably, than we could ever do it ourselves, has made individual mastery of a broad range of advanced mathematical skills unnecessary. Despite this, there are still a few areas of arithmetic which are widely seen as being useful within the financial industry. A sound mastery of, at least, the basic ideas behind each of these areas can make the difference between whether or not a newly-minted financial professional is able to secure work within their chosen specialty.