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Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job - Education - Nairaland

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Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Mrshape: 6:58am On Mar 31, 2023
There are several reasons why a mathematician might be employed in a bank job rather than someone who studied banking:

Analytical Skills: A mathematician is trained in logical and analytical thinking, which is an essential skill in the banking industry. Banks deal with large amounts of data and complex financial models, which require a deep understanding of mathematical concepts.

Quantitative Analysis: Mathematics is the foundation of quantitative analysis, which is used extensively in banking. A mathematician's expertise in statistics, probability theory, and numerical analysis can help banks make informed decisions about investments, risk management, and other financial activities.

Innovation: A mathematician's approach to problem-solving can bring a fresh perspective to the banking industry. They are trained to think outside the box and come up with innovative solutions to complex problems.

Transferable Skills: The skills learned in a mathematics degree are transferable to many different fields, including banking. Mathematicians are known for their ability to learn quickly and adapt to new situations, making them a valuable asset in any industry.

Overall, a mathematician's skills and expertise can be highly beneficial to the banking industry, especially when it comes to complex financial modeling, risk management, and innovative problem-solving

26 Likes 1 Share

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by saintopus(m): 7:34am On Mar 31, 2023
You are right.

1 Like 2 Shares

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Rastafryrice: 7:59am On Mar 31, 2023
engineers are more preferred

56 Likes 4 Shares

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by JoyousFurnitire(m): 8:01am On Mar 31, 2023
Rastafryrice:
engineers are more preferred

Why?
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by LikeAking: 1:07pm On Mar 31, 2023
Dey play..

2 Likes 1 Share

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by BlackMan6969(m): 1:45pm On Mar 31, 2023
JoyousFurnitire:

Why?
because we are mathematicians & more.

74 Likes 4 Shares

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Najdorf: 3:12pm On Mar 31, 2023
BlackMan6969:
because we are mathematicians & more.
Engineers always like to feel important grin

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Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by weakday(m): 3:37pm On Mar 31, 2023
If you're still young, or you have children who are, like say 14,15 to 16 and still in secondary, and they know and love mathematics very very well, like they are extremely good at it,please I beg you in the name of God, Go and start learning Competitive programming ...... Just go on YouTube and search William lin or neal wu , you will get what I'm talking about... Don't waste yaaa mathematics talent. Trust me if you're Good at that stuff, your life don better. Oyinbo people go dey rush you like sey tomorrow no dey.

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Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Ekakamba: 3:37pm On Mar 31, 2023
Kindly state the specific role.

Because I can't fathom having all the listed attributes just for the sake of being hired to perform the duties of a TELLER.

24 Likes 3 Shares

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Sacchi1162(m): 3:37pm On Mar 31, 2023
Very insightful
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by bukkysam(f): 3:37pm On Mar 31, 2023
Ok
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by opamoses1: 3:38pm On Mar 31, 2023
Depends on what you are doing in the bank.
In banks, you have:

Customer services
Sales and marketing
Finances
Economics department
E.t.c.

7 Likes 2 Shares

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Quest7777: 3:38pm On Mar 31, 2023
Engineers are generally best performers in Bank aptitude exams. cool

15 Likes 2 Shares

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Ttipsy(f): 3:38pm On Mar 31, 2023
You pole should rest abeg

Everybody want to work in the bank

Even someone that studies mass communication and non banking related course
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Autobot05: 3:38pm On Mar 31, 2023
Rastafryrice:
engineers are more preferred
To work in a bank .
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by datola: 3:38pm On Mar 31, 2023
You are correct.
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by inoki247: 3:38pm On Mar 31, 2023
Lol for which country I'm sure no be Nigeria come go see Wu study Agric dey work for bank...


Na man know man dey work for Nigeria bank so leave talk ....


Like this you will see someone that Study accounting, Banking and Finance working on a farm while you see an Agric student working in the bank ...

5 Likes 1 Share

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by mmsen: 3:38pm On Mar 31, 2023
Banking jobs are given on the basis of favors owed. All this other talk is nonsense.

2 Likes

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by PJtech: 3:38pm On Mar 31, 2023
really?
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Benjaniblinks(m): 3:38pm On Mar 31, 2023
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by BESTScientist1: 3:39pm On Mar 31, 2023
but will they employ us. One of Nigeria's best mathematics teachers?
iyen o bawa o. Ole to ji mandate lafe le danu. OBI LOKAN NAIJA LOKAN

2 Likes 1 Share

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Useku(m): 3:39pm On Mar 31, 2023
K
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by pocohantas(f): 3:39pm On Mar 31, 2023
They don’t care.
If you have a 2.1 and above from a reputable institution, below 24-26yrs, pass the entry test, interview and training sch, they will employ you.

They don’t necessarily prefer Mathematicians.
That is only in your head.

The only exception is for specialised units. Which is less than 20% of the workforce. Most are branch staff.



Science students do better in the test and training because they are good at Maths, but when they jam a business student that knows his/her onions…maybe chartered. They will know the difference between 6 and half dozen.

33 Likes 4 Shares

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Serviceweb: 3:40pm On Mar 31, 2023
The difference is clear
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by Owopariola001: 3:40pm On Mar 31, 2023
Najdorf:

Engineers always like to feel important grin

They mostly excel in Mathematics than the Mathematics students in University sha.

3 Likes

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by etrange: 3:41pm On Mar 31, 2023
Lol... these are reasons why a mathematician would be employed by a bank, not reasons why a mathematician is preferred to someone who studied banking and finance. Those are two different statements. Your title made it look like banks generally prefer mathematicians to trained bankers, and that's not true. They employ mathematician, but they don’t necessarily prefer them. A trained banker can also make a list of 100 reasons why banks would prefer them. Remember, the concept of transferable skills only comes into play when the wanted skills are not readily available. The banking industry is governed by a set of rules/laws, standard operational procedures, etc. that mathematicians are not trained on. While a mathematician can learn on the job, a trained banker who studied relevant mathematical courses in school is by far a more rounded choice of employee.

What I'm saying is, it is easy for us to undermine what other people do because we believe we can do it and more. Then we come up with reasons why we're better than the professionals. But until you've advanced in a particular industry, you'd never really understand what goes on in there.

9 Likes

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by OmotolaBoy(m): 3:42pm On Mar 31, 2023
Him more stronger calculation background
Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by ednut1(m): 3:43pm On Mar 31, 2023
Fallacy. No bank goes out to target mathematicians for recruitment. Smart people from diverse backgrounds who can pass tests and interview are recruited. And when you say bank job. Bank job is more than teller or relationship manager. There are market traders, accountants, Human Resources, loan officers, treasury, facilities management, IT, Risk and control etc.

7 Likes

Re: Why A Mathematician Is Preferred To Someone Who Studied Banking For Bank Job by solsticey2k3(m): 3:44pm On Mar 31, 2023
I think this is dependent on the department.

If it’s a sales department in the bank, the one who read banking might be preferred in this regard. While if it’s a department that deals with numbers, for example, the Credit department, the mathematician would definitely be preferred.

So in summary, it’s dependent on the department.

4 Likes 2 Shares

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