Are the career prospect same?

Different uni will have different focus, but generally the differences are like this:

"Finance" is geared towards understanding financial operations from a business point of view. It is less technical than financial mathematics, but it gives you a broad picture of the financial sector as a whole. You will be exposed to materials like financial management, capital markets and investment strategies, corporate financial decisions etc

"Financial Mathematics" is essentially Applied Mathematics in the field of finance, so you will be studying a lot of mathematics. It is more technical, since it's mostly Mathematics. You will be starting with basic mathematics courses: calculus, differential equations, probability, statistics, and then move on to applying those in finance (such as studying about asset pricing).

In terms of career prospect, I believe they are both equally wide.

This post has been edited by Seiryu: Mar 11 2012, 11:09 AM

different la ... not sure if you can get a job in m'sia with financial maths ....

and to do FM, you need to be very good in maths ...

That would depend on the institute itself,
financial math must not be mistaken as mathematics of finance.
I know they sound like the same thing, but it actually dont mean the same.
Each school schedule sylabus differently.

For example, my Uni take financial math as a technical subject, dealing with lots and lots of calculation of annuities,
all sorts of financial cash flows, interest rate immunisations and stuff.
Whereas Mathematics of finance (also known to be called, "mathematical finance"), is applying understanding of pure math into finance, starting rigiourously from analysis and hence probability, how to define measures on finance, proving of intuitive formulas, and the rather abstract approach to learning finance & its underlying mechanism. Which prepares you for research in related areas.

Finance is too wide, and general in context, again check with your institute bout whats covered in the course you are applying to. You dont need very high level math to do financial math (in general). but for mathematical finance (yes, thats pure math).

Dont mix up all the difference. But please, check with your school, because it is possible some school mix up the title.

They are quite different. Financial ,ath is generally more difficult and geared toward financial engineering. So if you're interested in being a quant who comes up with structured products or a exotics trader at a hedge fund then financial math is more relevant.

thanks for repry actually i feel more interesting to financial math, but both of my parent asked me to study finance as the career prospect is wide...

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Added on March 11, 2012, 5:28 pmya, this also what i am worry about...

This post has been edited by Smiley fans: Mar 11 2012, 05:28 PM

where do you plan to get your degree? in the us a financial math grad would qualify for pretty much any entry level finance role.

May i know what school are you from?

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Added on March 11, 2012, 5:34 pmya i know, but im not rich enough to study overseas so i plan to study at UTAR...

This post has been edited by Smiley fans: Mar 11 2012, 05:34 PM

are you a science student? Do you have good grades in exams?

then go for UTAR lah .. hopefully you'll get employed by OSK or HwangDBS or any other companies in Singapore if got vacancy ..

I am gonna go take Finance at UTAR too after my foundation. I am kinda terrible at Math although my add Math got B in SPM. Does Finance require lots of Math?

A degree in finance only requires knowledge of algebra, a bit of calculus. Financial mathematic requires higher level knowledge of maths.

I'm pretty sure you can get through a Finance degree without any Calculus knowledge...

Of course you can, but still a bit of calculus will help you to appreciate Finance better.

This post has been edited by fino_abama: Oct 12 2012, 11:13 AM

Not in my experience... I'm sure you can do a Finance degree without having to see or use or understand any Maths or Mathematical Finance, even very tiny bits within straight Finance classes. In that case, knowing any amount of Calculus wouldn't help in your appreciation or understanding of Finance.

Errr, it seems that your definition of Maths touches on university level math. Of course you don't need to know Stochastic Calculus or how to solve a PDE to do a Finance degree. I'm referring more towards understanding how BASIC calculus is applied, like rates of change, optimization, etc.