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M.A./M.Sc. in Computational Finance (Two Year Course)
Finance as a subject has emerged to be an extremely involved branch of knowledge with growing number of stock exchanges and investors in the field. Risk and return that constitute cardinal aspects of the subject remain a major concern for every investor, individual as well as institutional. Volumes of data encountered in the processes make investment decisions difficult. In apparently erratic behaviors of the market mathematicians try to capture patterns vis-à-vis predictability, which may help investors decide on their investment. Computational Finance deals with portfolio selection, options and futures, asset pricing, managing derivative markets and hedging under uncertainty. The course imparts, besides, basic grounding on finance, expertise in modeling under uncertainty, a high level computational skill geared towards finance, knowledge of financial accounting and regulations. The aim is to produce a competent financial engineer capable of analyzing existing financial products and suggest new innovative products for the financial market. It is a unique venture on the part of the Institute to offer this prized programme in India.
Eligibility:
A candidate seeking admission to this programme should have passed Bachelor’s Degree with Mathematics/Statistics as honours/pass subject.
Intake:
The maximum number of students to be admitted into the programme is 30 which include the number of students admitted under reserved categories as prescribed by the Govt. of Odisha and in vogue at the time of admission.