Posts Tagged investment
Why Study Math ?
Because it is exciting and is a lot of fun! But if this reason is not persuasive enough, there are other reasons why studying mathematics at university is a very good choice for you.
Math can win you a good career and earns you money
What can I do with a math degree? I don’t want to be a teacher! A lot of people think that the career path for maths graduate is very narrow and studying maths would probably end up teaching at high school or primary school. However, being a teacher is just one of the choices of maths graduates out of a thousand! In the course of studying maths, you will develop a set of superb analytical and quantitative skills that is highly desirable. These skills can open the door to a wide range of high paid jobs, such as actuary, financial analyst and risk analyst. From the graduate survey of the University of Queensland, the median salary of a fresh maths graduate ($48300 per annum) is higher than that of graduates in popular subjects like pharmacy ($34000), psychology ($43500), accounting ($44000), law ($47000) and architecture ($39000). To many people’s surprise, the financial reward for a maths graduate is well above the average! Furthermore, a career with maths is satisfying and rewarding. A recent study from CareerCast.com ranks the best and worst jobs in America according to five criteria: environment, income, employment outlook, physical demands and stress. A list is compiled based on data from the U.S. Bureau of Labour Statistics and Census Bureau. Mathematician is put at the top spot, actuary the second, statistician the third!
Why Study Math – The Mathematics of Finance – Interest – Part I
All right kids. So you hate math and you don’t care whether you do well in this subject or not. But know one thing. Mathematics is the language of money. That’s right. Whether we’re talking interest on CD’s or bonds, dividend yields on stocks, or returns on investment for a business venture, math is the lingua franca—or universal languge. So remember that if you don’t learn math well, you just might be giving an opportunity to some other hungry kid who wants to own more Jordan sneakers than you. Simply put: if you want the goodies in life, you best learn now that math can lead you to the land of fruit and nuts.
Indeed mathematics is the subject that explains how money accumulates and grows over time. What we’re talking about here is interest—compound interest specifically. You see, when you go to your neighborhood bank and deposit a sum of money, the bank pays you for your generosity in letting the bank use that money. What the bank pays you is called interest and the way this is calculated is with the compound interest formula. This formula is the portal, or gateway, to more elaborate financial calculations: annuities, perpetuities, mortgages, and other financial instruments all hinge on this formula. Because of its importance, the compound interest formula is a necessary part of every person’s know-how.