Career opportunities in Quantitative Finance

The demand for Quantitative Finance has sky rocketed in recent years as many firms have started hiring trained graduates to help resolve their financial and risk management problems. Quantitative finance makes use of various mathematical models and deals with extremely large datasets that can be analysed to gain deeper understanding of the financial markets and various securities. Applications of this specialisation include pricing of derivative instruments, portfolio management and risk management to name a few.

What does this specialisation offer?

This course is will give an in-depth insight into:

• Forecasting and managing risk-return
• Pricing of any financial instrument
• Insight into financial product structuring
• Help build deep theoretical and practical knowledge of various concepts in Financial Engineering, Mathematical Finance and Risk Management
• Prepare for a lucrative and ambitious career as a quant finance whiz

What modules will be covered?

The core modules will cover concepts from Asset Pricing, Risk Management, etc. and introduce students to the various financial instruments such as equities, fixed income securities and derivatives. The course will then focus on specialised learning in Econometrics wherein students are exposed to ARCH and GARCH models, co-integration and dealing with high frequency data. The course will also cover various stochastic and numerical methods. It will set the tone to expose students to various estimation techniques including OLS, Maximum Likelihood and GMM.

Throughout the course, there would be extensive use of Python programming along with R, RATs and other optional modules. Given the rigour required for the program, the course can be gruelling but also very rewarding at the same time. To successfully complete any Quantitative Finance course, you must have a good understanding of Mathematics and Statistics. More importantly, irrespective of your core subject in your bachelors’ program, you should have a general interest in Mathematics and Statistics, including the various quantitative and mathematical techniques used in financial markets. You must be willing to learn and adapt to the rigour of the program.

What are the career opportunities for a Masters in Quantitative Finance?

Derivatives Analyst, Risk Analyst, Investment Analyst, Quantitative Analyst, Portfolio Engineer, Quantitative Researcher, Modeler, Trader and Securities Manager. The employers for such professionals include investment banks, commercial banks, accounting firms, and brokerages.

What does IFMR GSB, Krea University offer?

The IFMR Graduate school of Business, KREA University (IFMR GSB), Sricity offers following benefits for students enrolled in Quantitative Finance programme:

• Access to Data Analytics Lab
• Access to Bloomberg Terminal
• Access to CMIE Prowess
• Access to Harvard cases
• Access to Simulations and core courses
• Access to well-equipped library
• Access to industry experts and alumni
• Best placements in the industry

Note: This article has been published on the basis of press communication by the college