Last Updated 06 Jul 2020

Importance of Business Math in Mba Studies

Words 292 (2 pages)
Views 459

Mathematics was always essential in analyzing markets, production systems and business operation in general. The quantification of business activities than Intensified in the beginning of the 20th century, took explosive proportions In the vs. and contributed to the reformulation of whole fields such as banking and finance. Several experts state that It was the Intensely mathematical research of Sharpe, Black, Schools, Morton as well as the earlier work of Von Neumann, Dancing,

Bellman, Blackwell to mention Just a few that contributed to the widespread adoption of derivative products, risk management techniques and the Increases In production efficiency that have resulted. The expansion of computing power also contributed to the expanded use of quantitative methodology, as It allowed both the data collection and Its advanced processing. What are the goals of a such a specialized graduate studies program?

Those aspiring to actively participate In modern developments In finance, logistics, production to mention Just a few areas, need to have a firm grasp of the quantitative techniques. The program in Business Mathematics provides a first step towards such an understanding. The Program aims to prepare individuals who will follow a a career applying mathematics in real world problems, and not in research establishments. This is not to say that a career in research is precluded for our students - on the contrary.

Order custom essay Importance of Business Math in Mba Studies with free plagiarism report


But the emphasis is not on mathematical depth but in a thorough exposition of important applications of quantitative techniques in everyday business. It is not easy to combine the rigor of mathematics with the imagination required business studies. Thus our students are in a constant pressure during their studies, Just like MBA students are reputed to be. It seems though that this feature is deeply appreciated by the alumni of the program.

This essay was written by a fellow student. You can use it as an example when writing your own essay or use it as a source, but you need cite it.

Get professional help and free up your time for more important courses

Starting from 3 hours delivery 450+ experts on 30 subjects
get essay help 124  experts online

Did you know that we have over 70,000 essays on 3,000 topics in our database?

Cite this page

Explore how the human body functions as one unit in harmony in order to life

Importance of Business Math in Mba Studies. (2018, May 11). Retrieved from

Don't let plagiarism ruin your grade

Run a free check or have your essay done for you

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Save time and let our verified experts help you.

Hire writer