Advanced Programme in Quantitative Finance and Risk Management

Ever since the 1950s, finance has been one of the most quantitative of management sciences, with tools from mathematics, statistics and numerical methods being regularly used for applications ranging from portfolio optimization to option pricing to risk management to trading. Today some of the largest banks and hedge funds employ ‘quants’ in large numbers. In the last decade, many Indian banks and India-based captive research and knowledge centres of global banks have also been actively employing quants in India. This programme has been designed for individuals looking to upskill themselves in the nitty-gritties of quantitative finance. The programme would also be useful for individuals who want to work in roles requiring expertise in quantitative finance and risk management.

Programme Objectives

The main objective of this programme is bring together experienced and young quantitative analysts and managers in large financial institutions, hedge funds and boutique trading and risk analytics firms and provide them with:

(i) mathematical and economic foundations of derivatives pricing and risk management

(ii) an in-depth understanding of the famous Black-Scholes model, its applications and extensions

(iii)training in numerical methods used in computational finance (via Python and R)

(iv)an introduction to most commonly used machine learning methods in finance

(v) knowledge of mathematical techniques used in quantitative risk management and

(vi) a peek into the state of the art in quantitative finance, machine learning applications and risk management

Eligibility and Admission Criteria

(i) Educational Qualification: Applicants must be working professionals with a graduate degree (10+2+3 or equivalent) in any discipline, securing at least 50% marks.On a strictly case by case basis, the program would also consider final year students of four year graduate degree programs in subjects like engineering, mathematics, physics and computer science.

(ii) Work Experience: The programme is open to professionals at all levels – senior, middle, and junior management, as well as entrepreneurs.

(iii) The eligible candidates will be selected based on their educational and professional background and motivation based on the application form submitted.

(iv) Applications with Credentials & Corporate Nominations – Selections will be based on a detailed Profile of Candidate in their own words elaborating their Academic record, Profile, Designation, Salary, Roles, Responsibilities, Job Description along with a Statement of Purpose.

Pedagogy

The pedagogy will be highly interactive, consisting of a blend of lectures, real life case studies, in-class exercises, assignments and a supervised group project. In the final campus module, all groups would be required to present their project and findings to the entire class.

Course Duration:

Spread over 4-5 months

Mode of Delivery:

The programme will be delivered on UCS’s platform through direct- to-desktop [D2D] held once a week and campus modules at IIM Ahmedabad. Please note that the online sessions will not be recorded.

Evaluation Methodology

IIM Ahmedabad shall carry out the examination and evaluation required for certification. Participants are evaluated based on examinations for all the courses. Participants will be given any one of the following grades: “Satisfactory Plus” (S+); “Satisfactory” (S); “Unsatisfactory” (U). A participant will be asked to leave the programme and the fees will then be forfeited in any of the following cases:

1. If a participant gets 2nd “U” for academic indiscipline wherein Academic Indiscipline includes cheating/copying/plagiarism in assignments and examinations and facilitating cheating in any way or is found having integrity issue during the programme.

2. If a participant gets 4th “U” for under-performance.

3. If a participant gets 1 U for academic indiscipline and 2 “U” s for underperformance.

4. The norms of the programme require a participant to have at least 80% of attendance to become eligible to receive the certificate, failing which a participant won't be awarded the certificate.

Certification

At the end of the Programme, eligible participants will receive a Certificate of Completion (CoC) of the Programme from IIM Ahmedabad subject to the assessment and fulfilment of attaining overall 80% attendance.

IIMA Alumni Status

Participants who are attending short-duration Executive Education Programmes for the first time, on or after April 1, 2012, will have to attend for a total of 21 days in one or more programmes in order to be eligible for alumni status and alumni identity card, both of which will be awarded on the payment of a one-time alumni fee of INR 10,000/- + GST.

Library Access

Restricted remote access to the library resources will be provided for the programme duration.

How to Apply

Interested candidates may apply using the application link: https://iimahmedabad.vcrvcnow.in/ACPQF-BL01/student-registration/lms.php or call on Mobile: +91 8929594554 for assistance or write to inquiry-blp@iima.ac.in

Service Provider:

VC Now