## University of Namibia Bachelor of Science in Financial Mathematics (Honours)

**What is Bachelor of Science in Financial Mathematics (Honours)?**

This program is developed with aim to provide knowledge on the application of mathematical methods such as probability theory, statistics, optimization, stochastic analysis and economic theory in financial problems which encompass investment, insurance, Islamic finance, risk analysis and so on.

#### Requirements:

To register for a B.Sc. in Mathematics (Honours), a candidate needs to have obtained at least a C-symbol in NSSC Mathematics. . To register for a B.Sc. in Financial Mathematics (Honours), a candidate needs to have obtained at least a B-symbol in NSSC Mathematics. English is a compulsory subject and should normally have been obtained as a Second Language at NSSC (O level) with a minimum C symbol or English as a First Language at NSSC (O level) with a minimum D symbol. In addition, a minimum C symbol in Physical Science is required for a candidate choosing the Physics Stream.

A candidate should obtain a minimum of 25 points on the UNAM Evaluation Point Scale in his/her five (5) best subjects (of which Mathematics and English must be included) to be admitted to undergraduate studies (Refer to the General Admission Criteria for Undergraduate Programmes in the General Information and Regulations Yearbook). Obtaining the minimum number of points, however, does not necessarily ensure admission. Admission is based on places available in courses, subjects and programmes and is awarded on the basis of merit.

### Frequently Asked Questions

**Is Financial Mathematics a good major?**

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.

**What is a Bachelor of Science in mathematics?**

This course is designed to develop a mathematical education, both as an entity in itself and as a subject that is applicable to social and scientific fields. … The program is flexible with different options for the students.

**What is the difference between finance and financial mathematics?**

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.

**What is a financial mathematics degree?**

Financial Mathematics degrees prepare students for applying mathematical methods for solving problems in the field of Finance. Financial Math students use tools like Probability, Statistics, Stochastic Processes, and Economic Theory to predict and plan for the dynamics of financial markets.

**Why should I study financial mathematics?**

By choosing the Master of Financial Mathematics you will access jobs in the financial industry that combine the best of both worlds: the interest and challenge of working in the financial markets, while remaining in close contact with cutting-edge mathematical knowledge.”

**Is financial math hard?**

While finance requires some mathematics training and some knowledge and skills in accounting and economics, it’s not necessarily more difficult than any other field of study, particularly for people with an aptitude for math.

**Can you go into investment banking with a math degree?**

While you can get a job with a bachelor’s degree, having an advanced degree is another way to improve your prospects. A Master of Business Administration (MBA) or an advanced degree in math can add to your appeal. A chartered financial analyst (CFA) certification can help, too.

**Is mathematician a good career?**

According to the Mathematical Association of America, math professions are becoming increasingly attractive. In fact, mathematician, actuary, and statistician jobs are among the most promising career paths based on their income levels, growth outlook, and low-stress work environments.

**What is financial math in high school?**

Financial Mathematics is a course about personal money management. Students will apply critical thinking skills to analyze personal financial decisions based upon the current and projected economic factors.

**Is finance a good career?**

A career in finance is exciting and rewarding, and, usually, very lucrative. … Professionals in this sector deal with the debt market, capital market, futures and commodities, hedge funds, mergers & acquisitions, or work in less stressful areas such as the banking and insurance sectors and corporate finance.

**Does finance have calculus?**

Stochastic calculus is widely used in quantitative finance as a means of modelling random asset prices. … In quantitative finance, the theory is known as Ito Calculus. The main use of stochastic calculus in finance is through modeling the random motion of an asset price in the Black-Scholes model.

**Is a finance degree hard?**

A finance degree is moderately hard to pursue. Although finance courses require maths and analysis; they are not very complex or challenging at the bachelor’s level. The difficulty of a finance degree depends on the compulsory core courses, the advanced courses you select, and the overall difficulty of your university.

**Do finance degrees require calculus?**

It is true that knowing math is essential because finance actually is about studying the flow of money. However, that doesn’t mean you need a high level of mathematics skills like Calculus. … However, most of the finance fields, all you need to know is arithmetic and algebra.

**Do mathematicians work in banks?**

Understanding risk is very important to banks. … Teams will work on quantifying risk using mathematical models, and those who work in this kind of role are often called ‘quants’. They might be working to understand credit risk, liquidity or market risk and operations risk.

**Does finance have math?**

Some of the main math-related skills that the financial industry requires are: mental arithmetic (“fast math”), algebra, trigonometry, and statistics and probability. A basic understanding of these skills should be good enough and can qualify you for most finance jobs.

**Does finance have math?**

Some of the main math-related skills that the financial industry requires are: mental arithmetic (“fast math”), algebra, trigonometry, and statistics and probability. A basic understanding of these skills should be good enough and can qualify you for most finance jobs.

**How do financial analysts use math?**

Assessing the performance of stocks and bonds, as well as estimating the value of a company, requires extensive math skills. Analysts use complex mathematical and statistical techniques such as linear regression to analyze financial data.