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University Financial Mathematics, Career prospect

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feynman
post Aug 30 2014, 12:32 PM

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It's going to be a vigorous program....go for it. If you come out in one piece, you should be able to do almost anything.
feynman
post Aug 30 2014, 10:31 PM

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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. Although my pointer is just the average but still in one piece. But thinking again, there is nothing easy in this world. Haha. Thanks by the way. =)
Uhm. I'm a girl. That's why I don't think Electronic Engineering suits me. Unless I really have passion for it which I don't have at all. That's why I decided to choose Financial Maths at UTAR. I guess I'm looking for assurance. I did Google looking for Financial Maths job prospects but I still hope to hear from people who really undergo this particular course and have experience related to this field. 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.

After all, going for Bachelor Degree, we are learning things more in-depth. Subjects are being narrowed down. It's quite a big step -- picking which to pursue.
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There's going to be a lot of mathematics involved. Not pure mathematics but applied mathematics. So you need to be very comfortable with modelling, numerical methods, probabilities etc.

Only you can decide if you are ok with that much of that type of mathematics. Some people like calculus, some people like analysis, some people like logic, some people like modelling. 4 years is a long time to be spent on something that you have wish of learning.
feynman
post Aug 31 2014, 05:07 PM

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QUOTE(moonnightsilver @ Aug 31 2014, 12:37 PM)
I see. I'm okay with Calculus and probably need to work harder on numerical analysis. As the others, it isn't in STPM syllabus so... I guess I'll just go with it. I think I read somewhere it involves some computer related software and I am very okay with it too.

Thank you for the advice. Appreciate it a lot. biggrin.gif

*By the way, I guess it's no harm asking. Is there such things as studying 1 semester at IPTS and on the 2nd semester, write a letter to IPTA to transfer for the same course? I've only read that students could appeal for transferring between IPTA after studying for 1 semester but I have found none about IPTS to IPTA. Anyway, possible? Or no one has tried before?
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QUOTE(Critical_Fallacy @ Aug 31 2014, 04:34 PM)
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. icon_idea.gif

user posted image
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There are off-the-shelf modelling tools.

I'm not sure about UTAR. Some more quantitative programs go deeper, requiring knowledge of some programming languages. I think the differences would be in the title of the program. Financial Engineering vs Financial Mathematics.
feynman
post Sep 1 2014, 05:19 PM

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QUOTE(moonnightsilver @ Sep 1 2014, 05:06 PM)
Just as you'd said, there are elective courses for the course I'm taking. I will take note of it when I'm going to enter Year 2 since we are only required to choose it in Year 2. Thank you so much! =D
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. Guess I would be okay with the software since I don't have much problem learning using computer -- except Photoshop which I still have no idea how to use the Wacom tablet to draw. Sorry out of topic. :'D

By the way, how to differentiate between Financial Engineering and Financial Mathematics. I Google around and people mentioned that there are differences. I tried to read it but was still clueless. Is there any simple answer for this one?
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It appears that there will be some programming involved.

You know the difference between a chemist and a chemical engineer? It is similar to something like that.

 

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