Maths Refresher for Finance
Mathematics is at the heart of financial techniques, but many finance texts and courses assume a lot of prior knowledge. This programme bridges the gap between mathematical theory and financial practice by providing a practical and visual approach to the most useful theories and methods. Calculations will be fully explained, and Excel spreadsheets will be used as a supporting resource to provide further examples.
Recommend to a Colleague- Date:
- Please contact us
- Venue:
- Central London
- Fee:
This course is also available in New York Time Zone and Singapore Time Zone
Anyone who needs to develop their understanding and use of mathematics in a financial context.
The maths that you knew at school and some basic familiarity with Excel.
Tony Sims has wide experience of teaching mathematical methods to students at all levels. He is MBA Course Director at Kingston University Business School and has been involved in delivering both short course and management development programmes for over 20 years. During this time he has acquired considerable practical experience through consulting projects in financial model development for business. Tony's teaching methods are both engaging and effective and he is well known for his skill in teaching mathematical concepts to people without a quantitative background.
Request a Brochure with full details for Maths Refresher for Finance
Numbers, Algebra and Functions
- Linear, quadratic and other polynomial functions
- Numerical methods and the Taylor series
- Role of the exponential function in Finance
Workshops:
- Bonds and Bond Yields
- Modelling Yield Curves with polynomials and splines
- Price optimisation using quadratics
Differentials and Calculus
- Gradients, rates of change and differential calculus
- Partial Differentials and PDEs
- Definite and indefinite integrals
Workshops:
- Techniques in calculus
- Bond Prices, Interest Rates and Duration
- Role of the Diffusion Equation PDE in Finance
Matrix Algebra
- Matrix rules and operations
- Cofactors and Determinants
- The Portfolio Matrix
Workshops:
- Simultaneous equations and solutions
- Payoff Matrices
- Portfolio risk & return and the Variance-Covariance matrix
Probability and Sets
- Sets, diagrams, notation and probability laws
- Probability Trees and Discrete Probability Distributions
- Hypothesis or Significance Testing
Workshops:
- Probability Calculations
- Expected Monetary Value
- Significance Testing with Trading Data
Distributions and Stochastic Processes
- Real-world Distributions and Descriptive Statistics
- Theoretical probability distributions – Binomial, Normal and others
- Stochastic approaches to Financial Data
- Random walks and the Wiener Process
Workshops:
- Descriptive Statistics and the FTSE
- Random variables and Random walks
- Stochastic Equity Returns Modelling
Forecasting and Regression
- Time-series Approaches
- Correlation, Variance and Covariance
- Linear and multiple regression
- Real data and cautions in forecasting
Workshops:
- Simple linear regression
- Multiple regression forecasting models
Further Advanced Workshop Excel Examples:
- Simple and Log returns, Volatility and VaR
- Log returns, Alpha, Beta and the Security Characteristic Line
- Modern Portfolio Theory and CAPM
- Modelling Bond Default with Probability Transition Matrices
The course brings you back to the basics of mathematics, to those theories and equations that are really important in the financial world. As a researcher exactly what I needed to start with new research ideas.
(Assistant Professor - University of Pecs Faculty of Business and Econ.)
I highly recommend this course for people who haven't reviewed these mathematical concepts since college, or simply want to go back to those concepts (after having gained some work experience) and be reminded of their practical application.
(Financial Controller - Santander)
This has been the most useful seminar I've done in the last three years. I wanted to review and learn the most useful mathematical concepts in banking and this course has done exactly that.
(Financial Controller - Santander)
This course was just what I need. After several years in the humanities wilderness this refresher got me back on track. Tony is an excellent lecturer, and made what is quite a dry subject interesting and easy to understand. He is extremely knowledgeable.
(Senior Analyst - Investment Services)
Well structured course with relevant and extremely useful content.
(Managing Director - Investment Management)
Very practical,relevant and enjoyable.
(Analyst - )
Course Details
This course is also available in New York Time Zone and Singapore Time Zone
- To run this course at your organisation, contact us.
Call now for more information on this course or to book:
EMEA +44 (0) 20 7378 1050
London Financial Studies is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.