What Are the Best Business Fields for Creative Mathematics?

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SUMMARY

The discussion centers on identifying business fields that leverage advanced mathematics creatively, specifically mentioning mathematical/computational finance and actuarial science as prime candidates. Participants highlight the actuarial profession's focus on financial mathematics and insurance applications, while also recommending Operations Research for its problem-solving opportunities in business contexts. The conversation emphasizes the importance of utilizing upper-level mathematics such as graph theory and matrix analysis in these fields.

PREREQUISITES
  • Understanding of advanced mathematical concepts such as graph theory and matrix analysis.
  • Familiarity with financial mathematics and its applications in business.
  • Knowledge of actuarial science principles and practices.
  • Basic concepts of Operations Research and its relevance to business problem-solving.
NEXT STEPS
  • Research mathematical/computational finance and its career opportunities.
  • Explore the actuarial profession, including required qualifications and job roles.
  • Learn about Operations Research methodologies and their applications in business.
  • Investigate mathematical modeling techniques and their creative applications in various industries.
USEFUL FOR

This discussion is beneficial for students and professionals interested in applying advanced mathematics in business settings, particularly those considering careers in mathematical finance, actuarial science, or Operations Research.

ssayani87
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Hi all,

I'm trying to get into a business field that utilizes a lot of mathematics;

Basically, I'm looking for a field that involves a lot of upper level mathematics (Graph theory, graduate level analysis, matrix analysis, etc.), is based in the business world, and will allow me to use mathematics in a CREATIVE way, not just plug-and-chugging. (Maybe some kind of math modeling?)

I like working both alone and in teams so a field that would allow me both would also be nice.

From what I've read/researched, some classes that I've taken, and some professors that I've spoken to, it's sounding like mathematical/computational finance would be a good fit.

I now want to get the opinions of some of you guys here on PhysicsForums, so please let me know what you all think!
 
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Hey ssayani87 and welcome to the forums.

One field is the actuarial profession which is basically a business job that uses specialized mathematics: its basically all of the financial math with a big focus on insurance applications.

Hopefully Locrian will jump into give more information since he works in the field.

Apart from that you might want to consider Operations Research. This is a very important area for businesses for a variety of reasons. See the following:

http://en.wikipedia.org/wiki/Operations_research

Plenty of problems to be solved in OR so depending on what angle you take, it could provide the environment that you are looking for.
 

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