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Maggie
Student
Elk River, Minnesota
3 Questions
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Asked · 2536 views · ·
I would like to explore the finance field, but one thing that makes me nervous is the amount of college level math required? What courses all need to be taken?
business finance accounting math mathematics
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Shelly-Ann Harper
Strategy and Enterprise Value
7 Answers
Baltimore, Maryland
Updated · ·
Shelly-Ann’s Answer
Hi Maggie, It depends on what facet of finance you would like to get into. If you are interested in actuarial science, you will need a tremendous amount of math in college and afterwards, because of the nature of the statistical calculations required of the fields. However, if you're more interested in say accounting, then certainly you will need to able to manipulate data mathematically, but not at such a complex level. Math courses that expose you to logic and analytics will be fantastic for most careers especially finance. Good luck!
Shelly-Ann recommends the following next steps:
Pinpoint what aspects of math you enjoy
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Alireza Poostindooz
financial consultant
41 Answers
Isfahan, Isfahan Province, Iran
Updated · ·
Alireza’s Answer
Some of the college courses you might be required to take for a degree in finance include: A college degree in finance can be demanding, but it can also be extremely rewarding.
1. Calculus – studies the rate of change of a function in terms of variables
2. Statistics – focuses on analyzing and interpreting data
3. Accounting (and/or Financial Accounting) – studies how businesses and organizations record financial transactions
4. Economics – analyzes the behavior of consumers, producers, and government in the economy
5. Financial Management – covers the financial decisions and risk management strategies of a business.
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S Cravin, M.B.A., SPHR, SHRM-SCP
Human Resources
6 Answers
Houston, Texas
Updated · ·
S’s Answer
Usually, if you're considering a finance major in college, it's suggested that you finish around three to four years of math during your high school years. The most advanced level you might need to reach varies based on the college you're interested in, but it could be as high as Algebra II or Pre-Calculus. Once you're in college, the focus shifts more towards subjects like economics and financial accounting.
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Dana’s Answer
Agree with previous answers. To follow on, if you want to pursue a career as an actuary, you can consider actuarial sciences track available at multiple universities. If no university in your state offers actuarial science, look into whether or not the out of state tuition is waived for you if attending college in another state. An actuarial science degree will have a curriculum with the right mathematics (and statistics) courses, as well. If you want a career in finance, more generally, it's still good to take college level math and stats classes. Recommend you also consider courses in data analytics and AI. Take courses that help you understand macro-economics and the world around you. Courses that help you understand the M&A environment will also be helpful.
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sharyl Allen
Lead and Coach
8 Answers
Helena, Montana
Updated · ·
sharyl’s Answer
Hi Maggie, When it comes to finance, the route you choose can influence the skills you'll need. But don't worry, it's not as daunting as it may seem! At the very least, you'll want to be comfortable with business calculus, statistics, and financial accounting. Remember, math isn't an exclusive club - it's something everyone can learn, including you! If you're feeling a bit uneasy, try to identify what's causing your apprehension. A great resource to help you shift your mindset is Dr. Jo Boaler's "Mathematical Mindset". It's an amazing tool for anyone who might think they can't conquer math. Trust me, you can and you will!
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Seyi Odusami
Business Valuation
2 Answers
Jersey City, New Jersey
Updated · ·
Seyi’s Answer
Hi there, While each college or university may have its own unique curriculum, common math courses often include Statistics and Calculus. Nevertheless, you'll find that math is a crucial component in numerous Finance courses. For instance, a course like "Financial Accounting" may not be strictly a math course, but it does incorporate mathematical concepts. The same applies to an "Intro to Finance" class, where math is utilized in certain aspects of the instruction. The encouraging news is that every school offers resources to assist and guide you through each course. This can include scheduled tutoring sessions with teaching assistants, or if you're at a smaller college, you might even have the opportunity to have one-on-one meetings with your professors to help navigate the coursework. So remember, even if Math isn't your preferred subject, don't let that deter you from pursuing a career in Finance. As you progress through your classes and hone your analytical abilities, you'll find that understanding and applying mathematical concepts will become increasingly easier.
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Grete Gaigalas
Compliance and Risk Analyst
7 Answers
Austin, Texas
Updated · ·
Grete’s Answer
Hi Maggie, This answer depends on the college/ university you attend. From personal experience, I attained my undergraduate degree in Finance and had to take Business Calculus and Business Statistics to meet the mathematics credit requirements. The best advice would be to make sure to take the time and study to pass these courses and attend your professor's office hours. Best of luck!
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