assalamualaikum... hye there !
guess what, holiday mood is ON!! yeayyy =)
i've finished my exam 3 weeks ago, and you can guess how excited i am for the moment ,enjoying the holiday. Home isn't just a place, but it is a feeling..Bid my farewell to sophomores year, n hello Year 3 !!
Being a financial mathematics student for 2 years,,pheww..((you gonna have new perspective upon numbers. Haha)).
Trained to be well-versed with theoritically-written mathematics concept ((calculus, algebra, linear algebra, differential equation, probability for scientist,)), accounting practice ((financial management, financial accounting, financial engineering)), economics knowledge ((micro~,macro~,insurance&takaful, theory of hibbah&mathematical compound interest)),,mathematical computerization, object programming..........ok, lot more to be listed (these were up to second yr only)). Don't make this post absolutely absurd. =p
Since there will be new registration this upcoming Sept, so here we go juniors:
#What makes financial mathematics differ from actuarial science??
= there isn't so much. It just that, both graduates are still obliged to sit for few professional exams to be qualified as an actuarist/ fm. There's isn't much senses for you to take actuarial science course if you tend to refrain from taking those professional examination papers ;) ((noted that you will be needed to strive yourselves for this purpose. I mean, you won't be taught personally to pass them, but need to make reviews on sample of pass years.)) ((and please be noted that there are pro&cons of taking those professional exams. I mean, it depends on your personal goal.))
Learn by heart. This is not all about numbers. You got to practice those theory in real industry.How to control the flow of money, curbing lot of specified risk that might be encountered n so on. Economic is something flexible. This is not like other pure sciences course where you can simply predict the consequence of your action, to be perfectly certain. Fluctuation do surely exist ((Doubtful debt, accruals..etc))
Both financial mathematician n actuarist are responsible for managing risk, structuring economic plan for a company, restructure budget.
As the financial market is getting more volatile these days, enterprise risk management becomes an essential component of big corporations. To furnish the demand for personnel of this profession, it is thus, BSc (Hons) Actuarial Science & Financial Mathemaics was developed; to produce graduate competent in knowledge and skills for financial investment management, assets valuation and risk management for various financial assets such as equities, bond, FOREX, commodities and derivatives. This programme exposes us to both theoretical and practical approaches to investment analysis, security analysis, and portfolio and risk management. Not to be left, comprehensive study of money markets, financial instruments, financial planning, banking and corporate financial management, the essential working knowledge for executives in the financial industry.
#What can you be with such qualification?
hihi, a bit messy for me to clarify it all here. We are all trained with financial skills, accounting & application of technological tools in financial industry. Every company will surely hv their own financial dept. That's where u'll be working then. Somehow, there's a wide range of choices!! You can even get to involve in education. (economic sifu)
You could probably be a qualified chief financial officer(CFO), chief risk officer(CRO), diplomatics officer, banks officer, financial executives...etc....
In case you are interested to be a certified accountant, as usual, nothing comes at ease, there are few exams need to be taken to be listed in ACCA (accounting board society).
ok, that's all. Hoping this will benefit you guys. I'm in holiday mood tho! Ramadhan kareem everyone. Fi hifzillah :) salam...