QUOTE(ainafoon @ Aug 30 2014, 05:16 PM)
If I were you, I'll go for engineering at UTHM.
But that's you, not him! University Financial Mathematics, Career prospect
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Aug 30 2014, 06:13 PM
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#1
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3,713 posts Joined: Nov 2011 From: Torino |
QUOTE(ainafoon @ Aug 30 2014, 05:16 PM) If I were you, I'll go for engineering at UTHM. But that's you, not him! |
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Aug 30 2014, 07:14 PM
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#2
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3,713 posts Joined: Nov 2011 From: Torino |
QUOTE(ainafoon @ Aug 30 2014, 06:56 PM) He is asking for opinion, where is your stand here? Of course everybody must have a stand. You can provide your personal opinion. And you should also give relevant or supporting reasons that strengthen your opinion. Merely stating your stand without supporting reasons is an uninformed opinion. Furthermore, TS asked for opinions about taking Financial Mathematics course. Telling TS to go for engineering at UTHM is irrelevant to the issue under consideration. Don't you think so? |
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Aug 30 2014, 10:02 PM
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#3
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QUOTE(moonnightsilver @ Aug 30 2014, 10:28 AM) I want to ask if there is a prospect for me in taking Financial Mathematics. I applied for it because it is Maths. Financial mathematics is a field of applied mathematics that synthesizes a highly technical and abstract branch of maths, measure-theoretic probability theory, with practical applications that concerned with financial markets and derivatives pricing. |
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Aug 30 2014, 10:04 PM
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#4
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QUOTE(moonnightsilver @ Aug 30 2014, 09:48 PM) And I want to find out what to expect from learning this course, what kind of job oppurtunity that's open for me in future, what kind of company that hire people with this cert and other things like that. Banks need high-level financial maths skills because that is how the bank makes money! |
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Aug 31 2014, 12:38 AM
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#5
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QUOTE(moonnightsilver @ Aug 30 2014, 09:48 PM) Yeah. I heard it is quite difficult too. But last time when I decided to enter STPM, everyone says STPM is really tough but I was still really stubborn to continue study it. Not exactly difficult or tough. However, like feynman's advice, you need to be “very comfortable” with the mathematical tools and derivatives pricing models. ![]() |
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Aug 31 2014, 04:34 PM
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#6
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QUOTE(moonnightsilver @ Aug 31 2014, 12:37 PM) I think I read somewhere it involves some computer related software and I am very okay with it too. Maple Finance Package and MATLAB Financial Toolbox are commercially available. These financial math tools enable you to estimate risk, analyze interest rate levels, price equity and interest rate derivatives, and measure investment performance. If you have MS Excel on your computer, you can use some built-in formulas, and functions to build a good financial model. ![]() |
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Sep 1 2014, 07:58 PM
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#7
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QUOTE(moonnightsilver @ Sep 1 2014, 05:06 PM) Here is my course subjects: http://www.utar.edu.my/media/Programmes/Fi...y%202014%29.JPG and it's also mentioned that they will teach MATLAB, SAS, R and etc. Make sure you master every subject in FM Elective Group I. (1) Real Analysis (2) Calculus III — Multivariable Calculus (3) Operations Research — related to Decision Science & Optimization (4) Applied Statistical Modeling (5) Data Analysis (6) Statistical Simulation for Insurance & Finance (7) Stochastic Process |
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Sep 1 2014, 11:12 PM
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#8
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QUOTE(moonnightsilver @ Sep 1 2014, 09:01 PM) It shows choose only 3 units though. I'm not sure if we are allowed to choose more than 3 but that's what is written... :'D I know, but it doesn't matter, because I'm telling you to learn on your own. Learning alone is your opportunity to search for and choose your own learning material. Students in traditional classrooms usually don’t get to decide how they are going to master course content, because the lecturers decide for them in the form of textbook selection, quizzes, tests, group assignments, etc. As an independent learner, you can make your study time more effective by using only the learning methods that work for you. |
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Sep 5 2014, 08:39 PM
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#9
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QUOTE(moonnightsilver @ Sep 5 2014, 10:44 AM) I tried to look through Google for stochastic process and ito's lemma. Everything is really alien to me. The Brownian motion that you learned in Form 1 Science is an example of stochastic process.The maths related to the Brownian motion can be modeled using Fick's 2nd Law of Diffusion. You will learn more about transport phenomena in Chemical Engineering. ![]() |
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