Financial mathematics is a major that applies mathematics and computing technology to the financial field. It mainly trains students to master the basic theories and methods of mathematical science and the basic knowledge of financial theory, and can use mathematical financial knowledge and computer technology to solve practical problems. The employment direction of financial mathematics major mainly includes the following categories:
First, quantitative trading.
Mathematical models and computer programs are used to analyze, predict and trade financial markets, providing investors with high efficiency and low risk.
Investment strategy.
Second, asset management.
Use mathematical methods and tools to evaluate, allocate and manage financial assets, and provide investors with optimized asset portfolio and income.
Third, risk management.
Use mathematical models and techniques to quantify, measure and control risks in financial markets, and provide risk prevention and response programs for financial institutions and investors.
Fourth, data analysis.
Use mathematical statistics and data mining methods to collect, process, analyze and interpret financial data, and provide data support and suggestions for financial decision-making.
There are generally several reasons for the employment prospects of financial mathematics majors.
First, the major is difficult.
Need to master more mathematical theories and skills, as well as financial knowledge and practical experience, and have higher requirements for learning ability and interest.
Second, the employment competition is fierce.
We need to face competitors from other majors, such as economics, statistics and computer science. ) and outstanding talents at home and abroad require us to have strong professional quality and competitiveness.
Third, employment opportunities are limited.
Mainly concentrated in large financial institutions (such as banks, securities, funds, insurance, etc. ), and these institutions have high requirements for talents, usually requiring higher education (master or doctor), certificates (such as CFA, FRM, etc.) and experience (such as internships or projects, etc.). ).
Financial mathematics also has room for improvement, mainly in the following aspects.
First, the professional advantages are obvious.
Able to use mathematical tools and techniques to solve complex financial problems and provide support and promotion for financial innovation and development.
Second, the professional demand has increased.
With the development and change of financial market, there is an increasing demand for talents who can conduct quantitative analysis and management, especially in emerging fields such as Internet finance, digital currency and blockchain.
Third, the professional development is broad.
In addition to major-related work, you can also choose to pursue further studies or switch to other fields (such as education, scientific research, consulting, etc.). ) Use your own mathematical background and way of thinking to explore more possibilities.
How to improve the employment competitiveness of financial mathematics specialty?
1, strengthen the study of basic knowledge
We should not only master solid mathematical theories and methods, but also understand basic financial principles and laws and the latest financial trends and trends.
2. Improve the application of professional skills.
Not only should you be proficient in using mathematical software and tools (such as Matlab, R, Python, etc.). ), but you should also be able to use mathematical models and techniques to solve practical problems and analyze and visualize data.
3. Qualifications for obtaining relevant certificates
Not only must you have a certain level of English (such as passing CET-4 or IELTS TOEFL), but you must also obtain some financial-related certificates (such as CFA, FRM, ACCA, etc.) to improve your professional level and recognition.
4, the opportunity to accumulate practical experience
Not only should you participate in some financial-related internships or projects, but you should also participate in some financial-related competitions or activities to increase your actual combat ability and network resources.