Overview of Bachelor's Degree Programs with a Double Major in Finance and Math
It is possible to earn a double major in finance and mathematics by being accepted to both majors and completing all of the courses required for both, as well as the other general education requirements. Pursuing a double major in finance and mathematics will emphasize learning mathematical theories, foundational math courses and studies related to business finance. Studies in both of these subjects will develop strong mathematical and analytical skills. Graduates should be prepared for careers in finance, mathematics and business.
Admission Requirements for Programs with a Double Major in Finance and Math
In order to pursue a double major in finance and math students must first be accepted to the postsecondary institution. Schools typically have core high school course requirements that must be completed, and they may also require students to demonstrate they have earned a minimum established GPA in specific courses. Standardized test scores are also reviewed. Some colleges and universities consider supplemental information, such as letters of reference and extracurricular activities.
Double Major in Finance and Math Program Coursework
It's common for students pursuing studies in finance and math to take foundational mathematics courses in subjects such as algebra or calculus. The following are other types of classes commonly required for those working toward a double major in finance and math.
What is the economic relationship between a household and the rest of the world? How do governments shape economic factors, such as unemployment? Students studying macroeconomics will learn about the ways that business decisions can impact people and how government actions concerning things such as inflation can affect economic conditions.
Students will develop an understanding of the factors that determine the costs of products or services. They will learn about demand and how that relates to pricing decisions. Students will also consider factors such as market conditions when determining cost.
There are many different types of investments to which students will be introduced. They will learn about how to develop an investment strategy and the skills needed to assess market conditions when determining whether or not to pursue investment options.
Students will be familiarized with computer systems that are used for gathering data, along with learning how to use analytical software. As students develop the skills needed to turn raw data into meaningful information they will explore how this information plays a role in business operations.
In this course, students who study financial management will learn about different management strategies. They will look at the relationship between managerial strategies and how they impact the decision-making process for businesses. Students will be exposed to budgeting and how to develop a financial plan for a business.
Students will learn about probability and how it's calculated. They will cover a range of variables that can affect how probability is determined. Students will also learn about different theories and laws related to probability and how to visually represent probability.
How to Choose a Bachelor's Degree Program with a Double Major in Finance and Math
Both finance and mathematics can be offered as bachelor of science or bachelor of arts degrees. Students interested in pursuing a double major will need to ensure that the school they choose has both of these available as part of the same type of degree, or they will not have the option of pursuing a double major. In that case, they would need to consider working toward a dual degree, instead.
Career Options for a Degree with a Double Major in Finance and Math
A career as an actuary would be one strong option for a graduate with a double major in finance and math. The U.S. Bureau of Labor Statistics (BLS) reported that actuaries earned $108,350 per year in 2019. Over the ten-year period from 2018 to 2028 the BLS expects actuaries to see a 20% increase in jobs in their field. Other good options are presented through the links below.