M.Sc :

The programme shall be of two years duration and shall consist of six terms each having at least sixty teaching days.

Course Structure :

1st Year

Term 1

Course No. Course Title No.of Lectures Practical Credit
111 Introduction to probability 3 0 3
112 Mathematical Foundatio 4 0 4
113 Foundation of Finance 6 0 6
114 Programming in C++ 3 4 5

Term 2

Course No. Course Title No.of Lectures Practical Credit
121 Stochastic Process and Inference 3 0 3
122 Numerical Analysis 3 2 4
123 Financial Derivatives 3 0 3
124 Corporate Finance 3 0 3
125 Object Oriented Programming in C ++ 2 4 3
126 Financial Modeling using excel 0 4 2

Term 3

Course No. Course Title No.of Lectures Practical Credit
131 Numerical Solution of Differential Equations. 3 2 4
132 Computational modeling of Financial derivatives 3 2 4
133 Financial risk Management and measurement 3 2 4
134 Stochastic Processes in Finance 3 0 3
135 Financial accounting and Regulation 3 0 3

Summer Training of at least Four Weeks duration.

2nd Year

Term 4

Course No. Course Title No.of Lectures Practical Credit
211 Fixed Income security models 2 2 3
212 Credit derivative pricing model 3 2 4
213 Elective 1 3 0 3
214 Elective 2 3 0 3
215 Elective 3 3 0 3

Term 5

Course No. Course Title No.of Lectures Practical Credit
221 Financial product design: Principles and case studies 2 2 4
222 Elective 4 3 0 3
223 Elective 5 3 0 3
224 Dissertation Preparatory Part 6

Term 6

Course No. Course Title No.of Lectures Practical Credit
231 Dissertation Final Part 0 0 10

Courses for Electives 1, 2, 4 shall be chosen from the following :

  • Fundamentals of actuarial science I
  • Fundamentals of actuarial science II
  • Time series Analysis and forecasting
  • Quantitative risk management
  • Advanced topics in financial derivatives
  • Dynamic asset management
  • Optimization in Finance
  • Monte-Carlo Methods in Financial Engineering

Courses for Electives 3, 5

  • Soft computing methods in Finance
  • Parallel computing
  • Artificial intelligence and machine learning
  • Objected Oriented software engineering.

DOWNLOAD SYLLABUS