Is statistics important for a finance major?

Question:

Is statistics important for a finance major?

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Answer:

Yes, statistics is important for a finance major, and to earn a finance degree, you need to take basic courses in statistics. You also need to take other mathematics courses such as algebra and calculus. This is necessary to provide you with the skills needed to handle tasks such as calculating the numbers for budgets and financial planning as well as crunching the numbers to analyze financial performance. Finance is based on numbers, so to succeed in a finance career, you must have general skills in mathematics, including statistics. But you do not need complex skills in statistics or mathematics to work successfully in finance. While calculating and analyzing numbers is an important part of many jobs in the finance industry, the statistics and mathematics that you use typically is not complicated. If you acquire basic skills in statistics and other mathematics, you should have the ability to handle any tasks that you need to complete as part of your work in finance.

For more information about a degree in finance, check out this article: Financial Degree Program Overviews

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