Amrut Mody School of Management Amhedabad

Master of Science in Quantitative Finance
The Master of Science in Quantitative Finance programme, as envisioned by the Amrut Mody School of Management at Ahmedabad University, is a unique programme in the country for it focusses on imparting advanced quantitative techniques that is required for students who are intent on pursuing a career in Financial Modelling, Asset Management, Risk Mitigation, and Investment Banking. Unlike specialised programmes that are offered in silos, the Master of Science in Quantitative Finance programme at Ahmedabad University offers ample avenues to the students to make the most out of the broader liberal arts university ecosystem that encourages and nurtures interdisciplinarity.

The Master of Science in Quantitative Finance is a fully-residential two-year post-graduate programme offered by Amrut Mody School of Management of Ahmedabad University. This programme is a confluence of mathematics, financial markets, and economics. The contents and the depth of the courses offered in this programme have been arrived at keeping in view the demands and the expectations of industry. Graduating students are expected to have a deep understanding of the mathematical underpinnings of financial markets. They should possess requisite coding skills and should be in a position to apply the quantitative techniques in real-world context to address empirical anomalies. The pedagogy consists of, not limited to, faculty led classroom discussions, simulation exercises, case analysis/group activities, workshops, and practitioner interactions.

Programme Uniqueness

This programme is unique when compared to similar kinds of programmes offered by prestigious institutes in India and abroad in the following ways:

The programme is geared towards making students internalise economics and functioning of financial markets and its mathematical underpinnings in a holistic manner.
The programme provides a strong background in programming with applications in finance.
The programme brings to the forefront Ahmedabad University’s enduring commitment to interdisciplinarity approach as it offers a wide basket of electives for student to choose from based on their area of interest and career plans.
The programme offers strong theoretical foundations of mathematical finance in general and financial markets in particular. The programme comprises of a set of core and elective courses with focus on computational finance. The core courses are designed to build a strong foundation for the students based on which they can choose from a diverse pool of electives matching individual interests. Along with advanced techniques in finance, the courses on economics and analytics offer the right blende for making this a unique programme. 

The programme requires all students to successfully complete an internship, duration of which is between 6-8 weeks at the end of the first academic year. 

Learning Outcomes

On successful completion of the programme, a student is expected to have both strong theoretical as well as empirical understanding of the subject. Further, the internship will expose students to applying the knowledge gained in real life and thus, build a bridge between theory and practice. As a part of the curriculum, students will also acquire proficiency in relevant programming techniques that are key ingredients for a successful future career.

Programme Structure

Foundation Module

• Programming using R and Python
• Communication and Writing Skills
• Modelling for Managerial Decisions

Programme Core

• Microeconomics
• Macroeconomics I and II
• Quantitative Methods I and II
• Mathematics for Economics and Finance
• Foundation of Finance and Financial Markets
• Econometrics
• Security Analysis and Portfolio Management
• Corporate Finance
• Applications of Machine Learning

Disciplinary Core

• Financial Derivatives
• Risk Management
• Mergers, Acquisitions, and Private Equity
• Financial Time Series Analysis
• Fixed Income Securities and its Derivatives
• Asset Pricing
• Research in Quantitative Finance
• Technical Analysis

Disciplinary Electives

• Behavioral Economics
• International Trade
• Policy Evaluations
• Game Theory
• Stochastic Process
• Data and Ethics
• International Finance
• Fintech and Financial Services
• Financial Analytics
• Network Theory
• Algorithmic Trading
• Information Economics
• Environmental Economics
• International Macroeconomics
• Public Economics
• Game Theory II

Candidates may apply to the Programme based on their CAT/XAT/GMAT/GRE/GATE scores. Additionally, potential applications who have not taken any of the earlier mentioned tests can also take the AMSOM test. All shortlisted candidates would be called for a personal interview.

The University will offer admission to the candidates who meet its standard performance requirements across all the selection components, as defined by the Admissions Committee, and as approved by competent authorities.

Eligible candidates must apply in the prescribed online form with payment of application fee of INR 1200 (inclusive of GST). Duly filled application form along with the application fee can be submitted.

Candidates should note that the mere fulfilment of the minimum eligibility criteria would not ensure consideration for shortlisting.