Relevance of H2 maths to banking & finance

wee_ws SG

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 SG

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 SG

So stressful now.

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

Haiz.

deepak.c SG

Are they for quants?

charlize SG

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 SG

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 SG

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.