Friday, November 11, 2016

Computational Finance
  

     As a student majoring in finance, I always think about the how to prepare for my future career in college. After I take the introduction course of computer science this term, I realize how big the power of computer and programming is. They can make a lot of things easier and help people work more efficiently. Then, I start to think about whether there is a relationship between computing and finance. Hence, after hours of researches, I find out they do have some relationship. There is a concept called computational finance and I am going to explore what it is in this blog.

    According to wikipedia, Computational finance is a branch of applied computer science which help people to deals with practical problems in finance. It not only emphasizes practical numerical methods, but also focuses on techniques that can be applied directly to economic analyses. Therefore, We have to learn mathematical finance and numerical methods in computational finance. It is an interdisciplinary field between these two major areas which are efficient in computation of financial securities and the modeling of price markets.

     So far, we understand what the computational finance is, but is it very important for financial world? Let's keep exploring. 

      With the skills and knowledge associated with computational finance, I am able to work in quantitative roles. Not only I can work in investment banks and central banks, but also I can be hired in software companies, hedge funds, and finance department of large corporations. Now, there are many prestigious colleges offering master programs in computational finance and will guide students to learn spreadsheet models, common application for investment analysis and so on. After knowing  computational finance’roles , will you be excited and willing to know it more?


------------------------------------------------------------------------------------------------------
Picture reference:
http://www.cdm.depaul.edu/academics/PublishingImages/heroCF.jpg
http://qcfinance.in/wp-content/uploads/2013/10/stocks-1024x683.jpg

Writing reference;
https://en.wikipedia.org/wiki/Computational_finance
https://www.coursera.org/specializations/wharton-business-financial-modeling
https://www.maths.ox.ac.uk/members/students/postgraduate-courses/msc-mcf/frequently-asked-questions#WhyMSc


No comments:

Post a Comment