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.
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 (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. 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. Spread over 4-5 months 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. 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. 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. 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. Restricted remote access to the library resources will be provided for the programme
duration. 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 VC Now Programme Objectives
Eligibility and Admission Criteria
Pedagogy
Course Duration:
Mode of Delivery:
Evaluation Methodology
Certification
IIMA Alumni Status
Library Access
How to Apply
Service Provider: