Interested in the stock market, investing, or insurance? Follow the money to the field of financial mathematics. Financial mathematicians, often known as "quants," short for quantitative finance, use mathematical principles and computer science to predict how stocks and other financial products will perform. This field is very important in business, and can help companies, organizations, and individuals determine what financial moves to make.
Financial mathematicians combine statistics, calculus, and computer programming to help make optimal financial decisions. Financial math is used to solve problems such as risk management, portfolio creation and investing strategies.
They can focus on understanding and determining risk, setting the price or valuation of items, or optimizing financial resources.
Financial mathematicians work for a variety of organizations, including insurance companies, asset management firms, and banks.
Education Requirements
Master's degree
Average Salary
$80k
Quantitative analysts help to ensure risk management strategies result in optimal financial results. They are a professional who uses quantitative methods to help companies make business and financial decisions. A quantitative analyst must be an expert with numbers and math. Many quantitative analyst need to have programming knowledge and advanced computer skills.
Education Requirements
Bachelor's degree
Average Salary
$50k
Revenue cycle analysts analyze financial data to help their employer make fiscal decisions. The responsibilities include collecting documentation about revenue streams, analyzing financial data, and preparing reports. A revenue cycle analyst should be able to solve problems independently and with a team. You need math and communication skills and be able to use financial software applications. A bachelor's degree in business, economics, or finance are normally required.
Education Requirements
Bachelor's Degree
Average Salary
$73k
Authorized to review and verify the accuracy of financial records and endure that companies comply with tax laws. Additionally, they will take on the role of an advisor to recommend possible risk aversion measures to save cost. There are three types: external, internal, and IRS or Internal Revenue Service. Some skills an auditor would need are communication, self-motivation, meticulous attention to detail, mathematics, problem-solving, interest in finance, work deadlines and under pressure, and strong IT skills.
Education Requirements
Bachelor's Degree
Average Salary
$105k
Fraud investigators perform a variety of tasks for both civil and criminal investigations. They research records, transactions, serve and execute search warrants, and conduct surveillance. To which they will work along side members of the criminal justice system such as prosecutors, present investigations findings, and also testify in court. Some skills that are needed are communication, knowledge of internet-based crimes, legal and corporate investigation, financial investigation, inquisitiveness, persistence, and knowledge in accounting.
Education Requirements
Bachelor's Degree
Average Salary
$70k
Accountants are the people responsible for keeping and interpreting financial records, along with making sure the information is up to date and accurate. Additionally, they are also responsible for preparing accounts and tax returns, monitor spending and budgets, and financial forecasting and risk analysis. Some key skills that they must have are numerical and quantitative skills, analytical and problem solving skill, time management, and communication.
Education Requirements
Bachelor's Degree
Average Salary
$73k
Actuaries use mathematics, statistics and financial theory to analyze the financial costs of risk and uncertainty. They compile statistical data for analysis, estimate the probability and likely economic cost of an event, produce charts and reports that explain calculations and proposals, and design, test, and administer insurance policies to minimize risk. Some skills actuaries need to have are analytical, communication, computer, interpersonal, math, and problem-solving skills.
Education Requirements
High School Diploma or equivalent
Average Salary
$30k
A bank teller is responsible for completing account transactions, provide account services, and sell cashier's and traveler's checks. Some skills a bank teller would need are customer service, computer knowledge, cash handling, mathematics, data entry, and attention to detail.
Career salary data provided by: U.S. Bureau of Labor Statistics Occupational Outlook handbook and O*NET OnLine.
