Nagit Rekhi

How important it is to have sound understanding of mathematics to become a Financial Planners?

I need an urgent answer to decide my preference

by Nagit Rekhi
1 answer
| Share :

1 answer

RE: How important it is to have sound understanding of mathematics to become a Financial Planners?

Alok Agrawal
Alok Agrawal
Verified Career Expert
Mananger at Etoe Group/Career Counselor
  • Bangalore

Hello...


To start with let me introduce myself, I am working as a financial analyst in a private company.I have an experience of more than three years in the same field. In my day to day working I need to do lot many things where maths plays a important role. Everyday we need to do so many calculations where maths skill is highly required, if only I am good in maths I can do it with full accuracy and fastly with ease and without getting tired.

Coming to your questions, sound knowledge of mathematics is really important to become a good financial planner. In daily work requirements mathematical things like basic mathematics, equations, interest simple or compound , time value of money, future valuing and related terms etc are common things to know and use.
All this are a part of financial planning and is related to your computation ability.

In all your work more or less every time some calculations you need to do which is a part of maths only, so no point in thinking about maths use in financial planning work it any how required for a financial planner to have sound knowledge and good hold on mathematics to do his work faster and perfect with zero percent error.

But mathematics is all about calculation and nothing with planning, more you need to know where company objectives and plan in accordance with the same.But mathematical knowledge will be a plus point for the same work

Hope all above points answered your query about the value of maths in financial planner life and his work. But as it is a field related to numbers definitely it will be related to mathematics in all manners, if you have doubt in your mathematics skill or quantitative knowledge, do focus and improve your weak points and go ahead in your field with full confidence. Otherwise you need to think again whether financial planning willl be a good career option for you, do some training for working in financial planning if already decided, gain some good experience in the field, You can even prepare for the certification and licensing for financial planning. After all this there will not be any doubt in your mind about the same and remember this job is not easy , so always be prepare to work hard.

All the best for your future and career growth.
Thank you

In order to post replies to the question: "How important it is to have sound understanding of mathematics to become a Financial Planners?"

Post Reply

Latest ANSWERS

I am in dilemma what can I do after 12 in india

    Hello Naman,  Are you from India or abroad?. Anyways please note, in terms of education, India has a lot of scope and well known Un .. read more

Hello I'm sufiya I m doing cpt now.I wanted to know whether I it ok to do baf along with ca or bcom along with ca

Hello Sufiya,  It all depends on your capacity and stamina. Please note, to pursue CA, one needs to dedicate maximum time roughly 6 to 8 hours in .. read more

I am 26 year old I completed my hs with commarce but I am not able to complete my b.com..now I am so much confuse about future

  Hello Sumit,  The more you worry, the more you would not be able to concentrate on your studies resulting in failures. Anyways completing .. read more

Which career is best for me after 12th commerce

Hello Adiba,  Which career is best for you, that can be decided only by you. Based on your interest, strengths and potentials you can choose a ca .. read more
Most Popular

What are the key things the resume of a Web Designer must reflect?

A resume is a ideal place / Opportunity to exhibit your designing talents.    Show to the world in the shortest possible time, about your sk .. read more

I am 12th pcm student 'if not engineering than what career I choose

Hello, Thanks for Asking..!! Many Students search for the best career options after 12th Science except Engineering. It is very hard step of your care .. read more

I am a failiure of class 12 what can I do..?? plz suggest me I am so confused I want ot make my career in army

If u want to pass in NIOS board for October 2017 then I can guide you and help u . We are giving sureties of passing in 10th & 12th NIOS board . w .. read more

What are the most interesting things I can do while working as a Psychologist?

The most interesting things you can do while working as a Psychologist are creating your own style of handling your patients. Go beyond the bookish kn .. read more