MSc Quantitative Finance: Course, Eligibility, Fees, Colleges, Syllabus, Scope

MSc Quantitative Finance: Course, Eligibility, Fees, Colleges, Syllabus, Scope

Edited By Ankita Sinha | Updated on Oct 16, 2023 02:51 PM IST

What is MSc in Quantitative Finance?

MSc in Quantitative Finance or Master of Science in Quantitative Finance is a postgraduate degree programme in the field of finance. Master of Science in Quantitative Finance is a specialised course that provides knowledge of using mathematical and statistical techniques to solve complex financial problems. This specialisation in Finance subjects equips students with the knowledge and skills required to excel in the field of finance, such as financial modelling, risk management, asset pricing, and trading.

Master of Science in Quantitative Finance is one of the increasingly popular finance courses in recent times. MSc Quantitative Finance graduates can find various career opportunities in investment banking, financial consulting, asset management, and quantitative analysis. The Master of Science in Quantitative Finance course equips students with the knowledge and skills to handle the complex problems of modern data-driven financial markets. In this article, we will discuss the MSc Quantitative Finance course details, such as MSc Quantitative Finance fees, MSc Quantitative Finance syllabus, MSc Quantitative Finance salary, and MSc Quantitative Finance colleges.

Highlights - MSc in Quantitative Finance

Particulars

Values

Degree Name

MSc in Quantitative Finance

Degree Type

Postgraduate

Degree Duration

2 years

Entrance Exams

CAT, MAT, CMAT, SNAP

Eligibility Criteria

Bachelor’s degree

Admission process

Entrance Test

Fees for the entire duration

Rs. 5 lakhs

Average Salary

Rs. 6 LPA

Job profiles

Investment Banker, Equity Research Analyst, Risk Management Analyst

Top recruiters

Ernst & Young, Morgan Stanley, JP Morgan Chase, Genpact, CRISIL, Accenture, IDBI Life Insurance

MSc in Quantitative Finance Eligibility Criteria

Candidates who want to pursue an MSc in Quantitative Finance course should follow all the MSc in Quantitative Finance eligibility criteria. Some colleges offer MSc in Quantitative Finance admission based on the entrance examination and few colleges offer admission based on a first come first served basis. Interested candidates must check the official website for the MSc in Quantitative Finance eligibility criteria and admission procedure before applying for it.

  • Candidates must complete an undergraduate degree programme, such as a BCom, BSc degree in a related field from a recognised university in India.
  • They need to have the minimum cut-off that is defined by their preferred university.
  • Candidates can either get selected based on the marks obtained in the qualifying examination or the score acquired in the entrance examination.
  • Shortlisted candidates are required to attend the counselling process.

MSc Quantitative Finance Admission Procedure

MSc Quantitative Finance admission procedure may differ based on the university or institute. Some colleges and universities offer MSc Quantitative Finance admission on a merit basis and some colleges provide admission based on the marks obtained in the entrance examination.

  • Candidates must apply for MSc Quantitative Finance admission directly on the official website of the preferred college.
  • They should complete the application form with all academic details.
  • After completing the application form, candidates should pay the MSc Quantitative Finance fees.
  • If the college offers admission based on an entrance examination, then students need to appear for the entrance examination.
  • Some universities conduct their own entrance examination, such as Ahmedabad University for admission to the MSc Quantitative Finance course.

Top MSc Quantitative Finance Entrance Exams

In this section, we have discussed the national-level and university-level entrance examinations that can be appeared by students to apply for admission to the MSc Quantitative Finance course.

CAT: The Common Admission Test or CAT is the national-level entrance examination conducted by the Indian Institute of Management for offering admission to various MBA courses.

MAT: Management Aptitude Test or MAT is a national entrance examination conducted by the AIMA or All India Management Association for admission to various MBA courses.

XAT: Xavier Aptitude Test or XAT is a university-level entrance examination conducted by XLRI Jamshedpur for admission to various MBA courses at Xaviers and other colleges.

CUET PG: CUET PG or Common University Entrance Test-PG is a national-level entrance examination conducted by NTA (National Testing Agency) for admission to various master's degree programmes. CUET-PG entrance examination is accepted by 47 central universities in India.

SNAP: Symbiosis National Aptitude Test or SNAP is a university-level entrance examination, conducted by Symbiosis International University, for admission to various management and other courses.

Cutoff for Top Colleges

MSc Quantitative Finance cut-off is a criteria that is used to provide admission to students in various colleges in India. MSc Quantitative Finance cut-off depends on various factors, such as the number of students appearing for the entrance examination or applying for the course programme, the difficulty level of the entrance exam and the previous year's cut-off. Cut-off of any of the entrance examinations, such as CAT, MAT, XAT, and SNAP is required to offer MSc Quantitative Finance admission.

MSc Quantitative Finance Syllabus/Subjects

The MSc Quantitative Finance syllabus might vary from one college to another but overall the MSc Quantitative Finance is quite similar for every institute. In the table below, we have mentioned the MSc Quantitative Finance syllabus of Pondicherry University.

Semester I

Financial Institutions and Markets

Accounting and financial analysis

Managerial Economics

Basic Econometrics

Probability and Distributions

Lab I: Data Analytics (Minitab)

Lab II: Financial Statement Analysis (Using Excel)


Comprehensive Viva

-

Semester II

Security Markets and Portfolio Management

Empirical Methods in Finance

Applied Econometrics

Global Finance and International Banking

Statistical Inference

Lab III: Advanced Data Analytics (SPSS)

Lab IV: Corporate Finance (CMIE DataBase)

Presentation and Comprehensive Viva

Semester III

Time Series Analysis and Forecasting

Investment Banking

Lab V: Applied Financial Analytics (Using R Language)

Presentation and Comprehensive Viva

Corporate Internship

-

Semester IV

Contemporary Development in Quantitative Finance (Workshop)

Project Work

Comprehensive Viva

-

Electives (Applied Statistics)

Optimization Techniques

Stochastic modeling

Financial Mathematics

Multivariate Data Analysis

Numerical Methods

Statistical Techniques for Managers

Electives (Information Technology)

Data Warehousing and Data Mining

Management Information System

Information Security

Oracle and Database Management

Object-oriented programming using C++

Visual Basic Programming

Electives (Risk Management)

Financial Engineering and Derivatives

OTC Derivatives

Big Data Analytics

Risk Management and Strategies

Treasury and Fixed Income Securities

Forex Risk Management

MSc Quantitative Finance Fees

MSc in Quantitative Finance fees might differ from one university to another, based on the type of university, whether they are public or private. Candidates should check the MSc Quantitative Finance fees of their preferred college. The average MSc Quantitative Finance fees at Ahmedabad University are Rs. 5 lakhs.

MSc in Quantitative Finance Scope

MSc in Quantitative Finance provides various career options in the field of finance for graduates. The Masters in Quantitative Finance course equips students with a strong foundation in financial modelling, mathematical modelling, data analysis, and financial theory. Because of such topics, students prepare themselves for various career opportunities in the finance industry. Graduates after completing the Masters in Quantitative Finance Course can find jobs in different fields, such as investment banking, asset management, risk management, and hedge funds. Graduates after completing the Masters in Quantitative Finance course can pursue a Ph.D. in finance or related fields.

Career Options after MSc in Quantitative Finance

There are various MSc in Quantitative Finance career options that graduates can explore after completing their MSc in Computer Science Engineering course. Mentioned below are some popular quantitative finance jobs graduates can pursue.

Investment Banker: An investment banker is a finance professional who works for finance companies and raises cash for individuals, private firms, governments, and other organisations. He or she provides instructions on how to save time and money by recognising the risks in a project before it moves ahead.

Equity Research Analyst: An equity research analyst writes reports, forecasts, and recommendations about companies and stocks. Investment firms (buy-side) as well as individuals or brokerage firms (sell-side) that sell products to the buy-side hire equity research analysts.

Risk Management Analyst: A risk management analyst assists businesses in deciding which financial risks can occur because of acquisitions and operational expenses. A risk management analyst finds, analyses, and solves various problems that can help companies thrive or avoid unnecessary financial loss.

Top Recruiters

  • Ernst & Young
  • Morgan Stanley
  • JP Morgan Chase
  • Genpact
  • CRISIL
  • Accenture
  • IDBI Life Insurance

Benefits of Studying MSc in Quantitative Finance

The MSc in Quantitative Finance course offers numerous benefits to graduates. The Master of Science in Quantitative Finance course provides knowledge of advanced quantitative skills, such as mathematical modelling, financial modelling, risk analysis and statistical analysis. The Master of Science in Quantitative Finance course helps graduates excel in various financial jobs such as portfolio management, risk analysis, and algorithmic trading.

Comprehensive knowledge of financial markets and instruments is covered in the Master of Science in Quantitative Finance course, which enables students to make informed investment decisions and manage financial assets effectively. MSc in Quantitative Finance course opens doors to various finance-related jobs and provides a lucrative salary package.

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MSc Quantitative Finance Salary

The expected MSc Quantitative Finance salary in India after the course depends on the job profile, company, field of employment, and location. In the table below, we have mentioned the average MSc Quantitative Finance salary in India for careers that can be pursued by completing a Master of Science in Quantitative Finance course.

Job Profiles

Average Salary

Investment Banker

Rs. 6.5 LPA

Equity Research Analyst

Rs. 10.0 LPA

Risk Management Analyst

Rs. 10.2 LPA

Frequently Asked Questions (FAQs)

1. What is the MSc Quantitative Finance course?

MSc in Quantitative Finance or Master of Science in Quantitative Finance is a postgraduate degree programme in the field of finance. Master of Science in Quantitative Finance is a specialised course that provides a knowledge of using mathematical and statistical techniques to solve complex financial problems.

2. What are the eligibility criteria for the MSc Quantitative Finance course?

Candidates must complete a BCom degree programme in the related field from a recognised university in India to pursue the MSc Quantitative Finance course.

3. What are the top career choices after completing an MSc Quantitative Finance course?

The top career choices after completing MSc Quantitative Finance course are Investment Banker, Equity Research Analyst, Risk Management Analyst.

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