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what kind of math classes do you need to become a banker?

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Vijay’s Answer

For investment banking the math courses you would need to take in college are really just the pre-requisites for the corporate finance courses you will take. So map out the finance path you would like: sales & trading, investment banking, corporate banking, etc. and if you go to a business school, they will recommend a group of finance and accounting classes you should take for each path. Those classes will have specific math pre-requisites. Many trading classes will require an entry level of Calculus, the other fields will likely not.
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Vanessa’s Answer

It really depends on what part of banking you want to work in. If you want to go into commercial lending or wealth management you need to be able to understand and analyze financial statements, etc. Search the bank web sites for jobs and read the descriptions. That will help you better define the educational/skill requirements.
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Jeff’s Answer

Don't neglect good communications skills as something required for banking. In addition to being able to solve problems of varying difficulty depending on one's role, the ability to communicate those answers, or to ask for guidance, is extremely valuable. One could solve the most complex problem, but without the ability to clearly communicate the answer, the work could be underappreciated
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Rebecca’s Answer

It really depends on the banker you are referring to to. There are Corporate Banking, Investment Banking, Retail Banking, etc. And, within different type of banking, there are different departments. It may have different demand.
Generally speaking, for Corporate Banking, Retail Banking, etc., the maths you may usually use is arithmetics. But, you may need to use it with some finance and accounting skills.
However, for investment banking, if you are in the trading front desk, advance mathematics knowledge and skill may be required especially they may need to build some finance model, etc.
I would suggest you can explore more in the kinds of banking you are interested and would like to pursue. You may determine the level of maths knowledge it is required.
Hope this helps! Good Luck!
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Andrew’s Answer

Banking is a relatively broad term but foundationally speaking courses for financial literacy/familiarity would be more important (higher level math requirements are more specific to explicitly quantitative roles like anything involving more complicated products/derivatives). Would prioritize taking some kind of accounting class and corporate finance class at first
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Michael’s Answer

Most of the time, you just need basic math.

Like Miss Tang said, it can get more complicated depending where you are. On the plus side there is a full suite of computer applications that run the numbers for you. Some offer "what if" applications so that investors can see how the investments will behave in different scenarios. There are a lot of statistics behind those applications so understanding statistics will always be helpful. Economics may actually serve better in these more complicated scenarios.



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