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

Is sunrise university is valid university

Can someone tell me if this university is valid and approved in all major corporate companies and govt ? .. read more

In most of the private Engineering colleges, an M tech degree is necessary to work as a assistant professor. I just wanted to know the average salary of such a job. Is it possible to do a Phd in parallel ??

Hello, If you want to become an Assistant Professor after completing B.Tech or M.Tech then the best option is to clear the CSIR NET Examination. Those .. read more

Can I get admission for JBT after graduation?

This will really help you, Bangalore Admissions helps you get direct admission in one of the Best Colleges in Bangalore .. read more

12th m.c.v.c after scop

ICPC RECRUITMENT The Independent Corrupt Practices Commission finally agree to make new recruitment. ICPC Agency has engaged the services of DSCL Gove .. read more
Most Popular

What can I do to become a CID Officer?

What can I do bro become a CID officer   .. read more

Is sunrise university is valid university

Can someone tell me if this university is valid and approved in all major corporate companies and govt ? .. read more

I want to become a professor of Marketing Management. What is the eligibility criteria for that?

Hello, To get the post of professor, firstly you have to clear the masters degree. Once you clear it with minimum aggregate marks then you should appl .. read more

What Are The Career Options In Cyber Security?

Here are the top career options aspirants may pursue after they complete a Cyber Security course or degree from different educational institutions. In .. read more
Caching Date: 1/22/2020 4:54:13 PM