Hello /biz/ recently I've been getting interested in this sort of field and I've been thinking of majoring in finance. However I would like to know about the math of it all. I'm pretty decent in it although it's a very boring subject to me which discourages me. I've seen most financial majors only need to take up to a calculus 1 class or a calculus for business. I've already took statistics (got a B).
Anyways most people say all you need is basic math really once your out so I guess I just wanna ask is this true? Is calculus really important? I've been wanting to become maybe a stock trader or something similar
Sorry if this is a stupid question, I looked online but couldn't find a direct answer
>Sorry if this is a stupid question, I looked online but couldn't find a direct answer
>was not the first result in google and ignored 2nd result from quora addressing this in it's entirety
I majored in accounting and we did the introductory finance course which covered thinks like time value of money, bonds, annuities/ perpetuities.
It was pretty easy, most of the math was high school level or the data analysis (fancy name for entry level uni statistics) which you said you got a B in.
Not sure what later courses would be like.
As for accounting, a large portion of my course was tax/financial reporting issues, which was fairly irrelevant to stock traders outside pre or post tax dividends and capital gains tax. (I'm in Australia).
My suggestion is to contact your business faculty and talk with someone, even ask to sit in on a higher level finance course and see if it looks like something you might be interested in.
Thanks! I'll definitely ask my counselor next time I'm able to see them about this. I've seen people complain about having to take calculus when it had no relevancy to their financial degrees
4th year finance here.
Most of the math you do in later classes (with the exception of a few) will be stats related. Things like regression and using other statistics.
I find the hardest thing is underatanding the concepts and what it all means when certain numbers change, which is far more important in upper level classes