Financial Mathematics Salaries In Namibia

Financial Mathematics Salaries In Namibia

What is Financial Mathematics?

Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling of financial markets. A person working as a Financial Mathematics in Namibia typically earns around 21,800 NAD per month. Salaries range from 10,500 NAD (lowest) to 34,200 NAD (highest). This is the average monthly salary including housing, transport, and other benefits.

Frequently Asked Questions

Is a degree in financial mathematics useful in Namibia?

Financial Mathematics is a great choice for someone who likes maths and wants to work in the business, financial or banking sectors. Business degrees tend to have very little maths, so most employers are very keen to hire graduates with good quantitative skills as well as a financial background.

What jobs can I get with a financial mathematics degree in Namibia?

  • accounting analyst.
  • actuary.
  • bank examiner.
  • business analyst.
  • commodities manager/broker.
  • cost estimator/analyst.
  • credit analyst.
  • data analyst.

What jobs can you get with financial mathematics in Namibia?

A postgraduate degree in financial mathematics gives you many employment opportunities in the business world such as in banks, investment firms, insurance companies, consulting services to the financial industry, government regulation agencies and businesses.

What is the difference between finance and financial mathematics in Namibia?

Finance and accounting would probably prepare you more for a corporate finance or accounting job, while the financial math would prepare you for more investment/risk management, basically more math-based finance stuff.

Is a math degree worth it in Namibia?

Math degrees can lead to some very successful careers, but it will be a lot of work and might require you to get a graduate or other advanced degree. According to the Department of Education, math and science majors tend to make significantly more money and get better jobs than most other degrees.

Is finance a math degree in Namibia?

While minimal math studies are required for all business majors, finance happens to be one of the most quantitative fields. To learn essential skills such as analyzing and assessing investment performance and financial planning for savings goals, you must acquire a solid foundation in mathematics.

Is the math in finance hard in Namibia?

In finance, there is a stream called quantitative analysis, which is basically statistical methods. For this you will need a good grasp of mathematics, and should be able to remember or visualise the logic of formulae. however for the most part its not very hard. Like being able to multiply, take squares, roots etc.

What is the importance of financial mathematics in Namibia?

Financial Mathematics is an ideal area for providing a broad view of the mathematical sciences. Building on a foundation of analysis and discrete mathematics, financial mathematics draws on discrete and continuous probability and random processes, optimization, dynamical analysis, ODE and PDE, and numerical analysis.

Is a pure math degree useless in Namibia?

Of course it’s not worthless. A math degree generally means you have exceptional problem solving skills – skills that can be applied in a great many areas. In fact, that gives you more life options than you would have with an engineering degree.

Are maths graduates in demand in Namibia?

Mathematical experts are in demand across all kinds of industries the world over. However, a large number of math careers are based within business or science and technology-related sectors, with math graduates occupying roles such as accountant, actuary, statistician, technician, economist or market researcher.

What is a good math degree in Namibia?

Many math majors go on to careers in patent law, software engineering, data science, financial analysis and economics. These majors also work in biotechnology, national security, market research, astronomy and space exploration.

What is financial mathematics and statistics in Namibia?

A degree in financial mathematics and statistics offers the challenge of combining the study of financial analysis and economic theory with probability and statistics. The skills obtained while pursuing this degree translate very well to professions in government, finance, marketing and even agriculture.

How is mathematics used in finance business in Namibia?

Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis. It helps you know the financial formulas, fractions; measurements involved in interest calculation, hire rates, salary calculation, tax calculation etc.

Is calculus used in finance in Namibia?

Yes it is used. In fact, there’s a whole field of Applied Mathematics based on it called Quantitative Finance or Mathematical Finance. Stochastic calculus is used to obtain the corresponding value of derivatives of the stock also known as Financial Modeling .

Is a math degree hard in Namibia?

Mathematics is one of the more challenging degrees at most universities. That said, college is really not that hard if you like the major you choose and are actually willing to read about and learn about the subject a bit outside of your classes. About as hard as any other major.