![]() ![]() If you understand the fundamental aspects of how the process works, even if you aren’t the one working it, you’re less likely to make a mistake in the process of entering data into an equation. Today, programs like Excel take most of the work out of this process, but a sound understanding of the basic principles of algebra is still widely considered to be extremely helpful. Many banking and investment financial models require a financial management professional to solve for variables. Despite this, someone who understands basic mathematics well enough to crunch a few numbers in their head can save themselves (and those who employ them) a considerable amount of time. ![]() Today, most people carry a relatively powerful computer in their pocket we also have access to personal computers, laptops, and specialized devices in virtually every professional environment. Some are surprised, however, to find out that mental arithmetic (or “fast math”) is still a commonly sought-after skill within the financial industry. Most people understand what is involved in basic arithmetic, and would assume (correctly) that basic arithmetic skills are required for financial management. Here are some of the most strongly supported mathematics skills for students hoping to find employ within the financial industry: Mental Arithmetic Resource: 20 Best Online Master of Finance Degree Programs 2016 A sound mastery of, at least, the basic ideas behind each of these areas can make the difference between whether or not a newly-minted financial professional is able to secure work within their chosen specialty. Despite this, there are still a few areas of arithmetic which are widely seen as being useful within the financial industry. The modern reliance on technological devices to do our number-crunching faster, and more reliably, than we could ever do it ourselves, has made individual mastery of a broad range of advanced mathematical skills unnecessary. Many people automatically equate the world of finance with the many different academic disciplines involved in arithmetic, but most financial professionals lack a well-rounded mathematical education. ![]()
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