Relevance of H2 maths to banking & finance

• wee_ws

  10 Aug 09, 22:00

  Hi,

    I did a quick scan of two books about mathematics of banking/finance and saw some familiar H2 maths topics they highlighted:

    - Mathematical induction
    - Recurrence relations
    - Inequalities
    - Probability
    - Sampling
    - Binomial distribution
    - Poisson distribution
    - Normal distribution
    - Hypothesis testing
    - Linear regression

    Students who are interested to work in the banking/finance sector should master these topics well ;)

    Thank you!

  P.S. The books are:
          1. An introduction to the mathematics of money by Lovelock, Mendel and Wright.
  
          2. The mathematics of banking and finance by Cox and Cox.

  Cheers,
  Wen Shih

• eagle

  11 Aug 09, 00:44

  The concept of Recurrence is also applicable to programming

  Concept of probability is also applicable to buying of equities

  The whole branch of statistics is applicable to people doing quality control as well.

• charlize

  11 Aug 09, 00:53

  So stressful now.

   

  Before even embarking on a career, have to start taking subjects to match that career.

   

  Haiz.

• deepak.c

  11 Aug 09, 01:08

   

  Are they for quants?

   

• charlize

  11 Aug 09, 01:11

  Originally posted by deepak.c:

   

  Are they for quants?

   

  Yes.

   

  All quant subjects.

   

  But to qualify as a "quant" in the industry, you need to have a phd at least.

• deepak.c

  11 Aug 09, 01:26

   

  I looked at the table of contents from Amazon.

  The first book looks like something an undergrad would do, the second book doesn't look like an undergrad text, maybe not quants but for industry practitioners.

   

   

• Lee012lee

  11 Aug 09, 04:08

  A strong foundation on statistics will make it much easier for students when they proceed to study further in economics eg in the econometric modules where students are required to formulate economic models and do economic forecast.