how much math do you use
how much math is used for ibanking? what type of math is used? statistics and calculus mostly?
Trending Content
| +319 | Looking to raise a Billion Dollar Fund - College Junior | 43 | 3h | |
| +319 | What to expect during your IB summer internship and how to secure the full-time offer | 19 | 4h | |
| +253 | It doesn’t need to be this way | 35 | 17h | |
| +187 | Career Bankers, Was It Worth It? | 63 | 1s | |
| +154 | Biggest gripe in IB: people with no balls | 40 | 13h | |
| +140 | MD Can’t Unplug | 40 | 2h | |
| +94 | 2nd casualty of BofA, 25 yo credit trader | 37 | 15m | |
| +89 | RBC M&A vs PJT RSSG | 14 | 4d | |
| +64 | BofA Assoc who died had sought to leave, citing long hours | 16 | 3h | |
| +43 | 4 Mistakes I Made As An Investment Banking Intern That I I Wish I Could Go Back And Fix | 7 | 3d |
Career Resources
Calculus? I doubt anyone uses that in investment banking, more like basic arithmetic and simple formulas.
I hope that I don't have to learn to count with my shoes on...BTW thats a good question...
this is so confusing, i mean i see sociology and classics majors going into ibanking all the time and i just dont think they have that much knowledge in math.
I use a lot of math, including matrix algebra, multivariate calculus, probability, group theory, and combinatorics. However, I'm not an I-banker.
oh shit, i would be so fucked if i had to do that. thats like the reason i am not doing straight economics at the LSE, cause i think their economics degree is totally math based.....
Bankers use addition, subtractions, division and multiplication -7th grade material. Derivatives guys use the college shit. I am a fucking monkey; a glorified, gratuitously overworked and overpaid typist/secretary/middleman/used car salesman -cant wait for PE.
fourkingplus - what do you do?
finengineer-- Email me: fourkingsplus at yahoo.
You probably need multivariable calculus. Linear algebra would help. Anybody without an advanced calculus degree would not have a slight chance.
Oh stat? It is essential. An M&A analyst runs statistical regression models on the correlation between the Dow Jones 30 and the S&P 500 everyday.
um..so what do those political science and sociology majors do to get into ibanking. i mean if this is the case i am going to sign up for all the hard math classes at the lse
is a derivative job hard to get?
you learn that in calc 1
heard of sarcasm, bud?
some of these guys are true ibanker wannabe monkeys...they will do whatever they are told without thinking.
These people who say you need to know multivariable calculus and all this upper math crap don't know what they're talking about. The most you need to know is 8th grade material.
Thats why there are strategy and structured desks to do all the hybrid and option stuff.
u need to add, subtract, multiply and divide but most of it is done in excel...its not tough math
You would need to know how to add, subtract, divide and multiply numbers for your ib job (or interviews).
However if you're a quant, trader or deal with derivatives, etc you should know the crazy math. I don't.
The bottom line is, if you are smart, driven, and willing to work your ass off, your major can only help you, not hurt you. If you were a sociology major, but you pick things up quickly, you will learn everything on the job anyways. The first month of your career will blow your mind in terms of how much more you learn in a month as an ibanker than a month in college.
How much math to take? (Originally Posted: 12/10/2011)
I am a freshman and am wondering how far I should go in math if I am a finance major and econ minor. I am through calc II right now and will be through calc III next semester. Is this enough? Do BBs look at your transcript or just GPA?
If you want to do IBD you can forget math. If you want to do S&T the more math the better.
They don't care about Calc III lol your wasting your time there, better off taking finance electives or a quant finance course like financial econometrics or something. They look at accounting classes and finance classes if they even bother to actually read the transcript.
What is this "math"?
lol seriously? i thought they cared a lot...so they will never actually see your transcript? (not thinking of fudging anything, just curious)
Unless you go into S&T you'll only ever do basic algebra...even then, excel does it all for you.
My largest regret from undergrad is not doing more math. I can't say specifically how HR at a BB will look at your app, but in terms of what makes you stand out for all sorts of things, the more math the better. I did through Calc III by my freshman year and tossed in linear algebra at the end of my senior year. Knowing what I know today, I would take every math/quant course I could fit into my schedule with other requirements.
If you can fit them in, do diff eq, optimization, econometrics and stats. They will help you much more than a course like intl trade or topics in macroecon (was on the wrong side of that choice).
For Trading, I think you want a good amount of math, but not too much. You don't want to look like too much of a quant, unless you actually want to be a quant. If you are a quant, traders will poop on you.
For Sales, zero math required. Perhaps discouraged.
For IB, not necessary. Nothing more than algebra and Excel as has been indicated.
If you want to be a quant, that's great...for me to poop on.
Dolores ullam est magnam. Beatae quis occaecati est totam nobis. Consequatur provident similique labore dolores. Error nam aut alias ut voluptates recusandae. Voluptatem voluptatum illo inventore praesentium sint molestiae est. Eum in aut nesciunt unde hic expedita quo.
Nostrum maiores ab sit est aspernatur. Voluptas nisi sapiente qui ut et. Fuga quis consequatur sint. Non non recusandae maiores dicta molestias quidem quod cum. Sunt error ut quo culpa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Ipsa similique accusantium est ipsum error repellendus earum. Ad quo voluptatem occaecati adipisci asperiores iste. Nostrum sequi voluptatum veritatis est aliquid est sed. Dolorum excepturi nesciunt dolor delectus. Id aut quae ea consequatur quae.
Vero dolorum ut porro eaque accusamus iure laborum. Libero officiis ut dignissimos reiciendis est ea aut. At quia nobis est et sed nihil. Omnis consectetur eveniet quibusdam quae aut eligendi corrupti. Consequatur distinctio voluptas earum et recusandae quo.
Facere nulla quo laboriosam. Dicta enim provident temporibus quo sequi voluptatem consequatur. Numquam sint est suscipit et a. Enim quisquam consequatur cumque corporis quisquam voluptatem et.
Sint neque debitis corrupti saepe natus necessitatibus. Et blanditiis eligendi tempora voluptas. Aliquid commodi nam placeat. Reiciendis ullam consequatur voluptas voluptas dolore. Voluptates est ut numquam magni.