Mathematical Skills Demand for Financial Decision Making in Companies

Abstract

The aim of the research is to analyze companies’ demand of workforce with mathematical skills. The type of sample was not probabilistic by selfdetermination and 255 companies’ managers were surveyed. The data matrix was analyzed using exploratory factor analysis and the use of polychoric matrices. The results show that companies require their employees to know and remember mathematical operations that allow them to be fast and precise in their calculations; a better understanding of mathematics to improve their calculations in computer applications. They also need employees capable of performing calculations that allow them to solve complicated financial problems for better financial decision making.