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Today i’m looking through a financial mathematics exam (quant) which is something I didn’t personally take during undergrad. This is essentially math major vs. finance exam. Topics covered include probability, stochastic process, markov chains, random walk, volatility modeling and brownian motion.
You can find the questions as part of MIT open courseware, the lecture notes may help in finding the answers.
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This is what a finance exam looks like at university
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This is what a finance exam looks like at university
finance majors
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40 comments
This is a result of service economy. many good scientists go to these fields instead of working in scientific R & D leading to new inventions. As one articles said under industrial capitalism the best physicists were working on next stage after moon landing and now under service economy capitalism they are helping wall street banks to place a stock trade a nano second before its competitors
I seriously just did a similar class to this. We didn't learn that though.
your voice is very beautiful
I'm watching this as a first year banking and finance student and thinking OMG…
Quantitative finance graduate here. I had a 10 credit coursework just about stochastic process in my MSc program. It was fun. Thanks for sharing the question.
You likely just didn't take many stats course in your math days. Otherwise you come across all those concepts a lot of Brownian motion and Markov chains till your head spins.
The stochastic process is for pricing an underlying derivative of the asset. The asset price being the random (or stochastic) part, hence the need for this approach (you can actually solve it with much easier approaches).
Y tengo muchos deseos que pedir
Finanzas ⚫️
Ñam ñam
Physics PhD + wall street ==> greed
I'm kind of shocked many (if not all) of these Questions are pretty much asking for the basics of given areas, ones you would expect verbatim in a textbook. I was expecting more tricky problem solving.
Better to learn all this online 🙂
Quant analyst not post in investments banking. Investment banking analyst is a main investment bankers make most money in investments bank. Dgree required Finance, accounting
''Max wants to buy amazon in stock''-How many cats do Max has?
I am not good at maths but have always been interested in finance what do you think I should do? Any suggestions
Me: thinkin of majoring in finance
Tibees video from two years ago: hey
this exam is from what university ??????
New York sucks. Only do it if you can get a remote contract job. Travel around.
trends in data…..! might as well stare in a puddle looking for answers.
change the title to financial mathematics pleasee
the finance industry try to tempt promising scientists away from their field in order to stop human progress…as the owners of central banks wish to keep us down…they are behind all wars, Islamic terrorism, drug trade and this fake killer virus
I found finance pretty tough in university. Good prof, tough tester and grader but very supportive and encouraging… tough class.
I like your VDO clip and I had question to my teacher once. I think to build own equation for specific purpose will be difficult, including finding coefficient variable values. This will be a challenge job.
can you show how economics and accounting exam look like
Nice try with the Emma Watson look.
Thanks for this one. It's what traders and financiers learn. My broker's platform uses some of this for options probability analysis and it's very useful. You'd be surprised to see how much of quantum math pops up in options analysis. There is a real connection.
Harmonie in Harry Potter, is that you? OMG
I’m about to major in Poli Sci and minor in finance at either UW Seattle or Iowa State so thank you for posting this
Thank god you’re not american!!
I study a BSc in Financial Engineering and we have a lot of math and programming, the main courses are: Time Series, Stochastic Calculus, Quantitative Finance, Data Science, Machine Learning, Investment Portfolios and Market Microestructure and Trading Systems.
I’ve heard some of these words before.
Holy crap this looks hard
Why is the test in chinese?
what nail polish are you wearing?
Finance lecturers like to use confusing terms on things they don't even fully understand. Btw, thanks for the video! I'm a huge fan!
You unwittingly brought a good point about the fallacies of modern finance. Market movements look like stochastic processes from the hard sciences, which usually follow a Gaussian distribution. Given the 2007 financial crisis, and other significant market movements, what looks like a normal distribution is not and can be proved empirically at this point. There are too many finance majors who accept the standard teaching as fact because it works most of the time, and this is understandable. Non-normal models should be the norm in finance, but because it works so often before it fails, it is hard to convince otherwise. Basically, stock prices don't have the coherent nature of atoms banging together even if it looks like it at first glance.
Which semester ist this?
Statistics and finance is hard, unless you like weird formula's.
You don’t need calculus at all to make money in finance, basic algebra is just fine. Universities want to introduce all this fancy mathematics that work fine with their little abstract problems but don’t apply to real world.
I took a few courses in industrial economics before I switched to another minor. The math in those courses was a lot more simplistic than this. The course that's come closest to the contents of this exam was Data Science.