Whether you’re planning to delve into the world of finance or simply wish to broaden your horizons, a financial mathematics course will teach you the basics of the field. This course will also give you the skills to work with commonplace financial maths and gain essential mathematical background to interpret your personal finances. The course consists of a series of videos and a short assessment. To get started, check out the course’s Module 1.
Module 1
The first module in the financial mathematics course introduces concepts in the study of mathematical relationships between two variables. Topics include the relationship between present and future value, deterministic models, and the equation of value and its applications. The course provides practice in using these mathematical formulas in real-life scenarios.
Practical exercises and case studies reinforce concepts. Upon completion, students will be able to interpret financial statements and use statistical analysis to determine future cash flows.
To take this financial mathematics course, a candidate must have achieved a grade H3 in Leaving Certificate Mathematics or an equivalent. The course requires a strong mathematical background and relevant work experience. Once a student has successfully completed the course, he or she is prepared for the next step. The module will help students prepare for a future in the financial sector. There are three ways to prepare for the first module of the course.
Curriculum
A Financial Mathematics course is a general study of personal finance and economics that emphasizes the importance of personal money management. Students should use critical- thinking skills to analyze personal financial decisions, as well as projected economic factors. The course binder contains several lesson plans that can be incorporated into any textbook or instructional material. It should cover the following TEKS:
A major in Financial Mathematics can lead to careers in financial engineering, actuarial science, data science, or risk management. A degree in this field will expose students to various mathematical models and the underlying statistics. This field also involves a strong mathematic curriculum, as financial models and mathematical theory are often used in investment and financial decisions. The program offers a number of electives for students who want to develop their knowledge in financial mathematics.
Career options
If you’re interested in the business and financial sector but haven’t taken a maths course, a Financial Mathematics degree might be perfect for you. Although most business degrees don’t include much math, employers are looking for graduates with financial background and quantitative skills. UL’s Financial Mathematics course is designed to provide students with the tools necessary to analyze data and make financial decisions. With so many job opportunities in the financial sector, you will be well-positioned to land the best job.
You can explore different careers after completing a financial mathematics course. There are many options available after completing a degree, from working in financial institutions to being a consultant to consulting for private businesses. You can even pursue postgraduate studies in fields related to financial mathematics, such as medical statistics for pharmaceutical companies, meteorology, engineering design, or even academic research. While the most common career opportunities require further study after completing your course, some require further education even while working. A career in actuarial science requires self-study as well.
