Interested in this College?
Get updates on Eligibility, Admission, Placements Fees Structure

Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

The Financial Mathematics programme is an AICTE approved FDP course. It will be influential for interested candidates who want to learn about the mathematical properties and relations between economic activities and investment markets. The programme is designed by IIT Roorkee in collaboration with the NPTEL team. Professor Pradeep Kumar Jha from IIT Roorkee will be the instructor and educator for the programme.

Financial Mathematics certification course is a twelve-week course that uses video lectures, assignments, and an in-person proctored exam as learning tools. Participants of the course will be well versed in various topics such as financial transactions, portfolio investments, forecasting and analysing market developments, and much more.

Financial Mathematics by Swayam offers certification and requires its participants to have a basic foundation of mathematics and probability. It also lists books that can be referred to for additional information. Candidates need to sign up on the Swayam website to gain access to this online course. All the course material and video lectures are available for free upon enrollment.

The Highlights

Undergraduate/postgraduate elective course
FDP course approved by AICTE
Industry support from financial and investment sectors
Books reference list
Twelve-week online course
In-person proctored exam
Twelve assignments
Professor from IIT Roorkee
Designed by IIT Roorkee in association with NPTEL
E-certificate available

Programme Offerings

E-certificate available
FDP course approved by AICTE
In-person proctored exam
Undergraduate/postgraduate elective course
Designed by IIT Roorkee in association with NPTEL
Books reference list
Industry support from financial and investment sectors

Courses and Certificate Fees

Fees Informations	Certificate Availability	Certificate Providing Authority
INR 1000	yes	IIT Roorkee

Financial Mathematics training only has a certification fee of Rs. 1,000. This is not a compulsory fee. Participants who do not wish to qualify for certification need not pay this fee.

Financial Mathematics programme fee structure

Course Name	Fee
Financial Mathematics (Certificate Eligibility)	Rs. 1,000

Eligibility Criteria

The Financial Mathematics programme has two prerequisites. The individuals who want to participate in the course need to have a clear understanding of basic mathematics and probability.

To become eligible for the certification, participants need to fill the online application form and pay the certification fee. They should also submit all the assignments to get a minimum scores of 10/25. In the final exam that they appear at the end of the course, they need to achieve a minimum of 30/75. Their final score needs to be higher than or equal to 40/100. By fulfilling these conditions, they can get a certification.

What you will learn

Financial Management

Financial Mathematics programme participants will be well versed in the following issues:

The complexity of portfolio investments
Forecasting and analysing market developments
Feasibility and Development of financial transactions
The globalisation of financial markets

Who it is for

Financial Mathematics can be taken up by any individual interested in the various topics in financial mathematics.

Admission Details

The Financial Mathematics by Swayam has the below-given admission process:

Step 1: Get access to the online form by logging in or signing up with Swayam. Use https://onlinecourses.nptel.ac.in/noc21_ce33/preview for details.

Step 2: Complete the online form and pay the certification fee if needed. Once it is processed, the admission process is complete.

Application Details

The Financial Mathematics programme has an online application form that can be accessed by logging into the Swayam website. First-time users can also login using their Google, Facebook, or Microsoft account or register themselves using a valid email address and choosing their username and password.

The Syllabus

Mathematical introduction
Growth and decay curves

Simple interest
bank discount

Compound interest
discrete compounding

Compounding frequency of interest
Economic equivalence

Method of comparison of alternatives
Project balance

Credit and loan
Cost of credit and amortization

Depreciation and depletion

Breakeven analysis
Leverage

Stocks and bonds
Valuation of stocks and bonds

Mutual funds
Options
Cost of capital and ratio analysis

Decision under risk &uncertainty
Risk premium
Portfolio diversification

Life Insurance
Endowment, and annuities
Insurance policies

Evaluation process

Financial Mathematics training has multiple steps that participants need to follow to get a certification. Candidates must fill the online admission form, pay the examination fee and select an exam centre.

They should submit all the assignments on time as the average score calculated from them will provide 25% of the final score. Besides, candidates must pass the final exam as it counts for 75% of the final score. The final score will be a summation of the average assignment marks and the final exam marks. The final passing score is 40/100

However, there is an additional condition. Participants must get at least 30/75 and 10/25 in their final exam and assignments, respectively. Otherwise, even if the sum of their final score is more than 40, they will not be certified.

Instructors

IIT Roorkee Frequently Asked Questions (FAQ's)

1: How much is the Financial Mathematics programme enrolment fee?

There is no enrollment fee for this course.

2: How is the assignment score calculated?

The assignment score is calculated by taking the average of the best score received on 8 out of 12 assignments.

3: Is giving the final exam compulsory?

No. Candidates only need to give the final exam if they apply for certification.

4: What books can I refer to for this course?

Candidates can refer to ‘Mathematics for Finance’ by Marek Capinski and Tomasz Zastawniak and ‘Financial Mathematics and its Applications’ by Ambad Nazri Wahidudin.

5: Will the certification have my final score printed on it?

Yes. The final score will be displayed on the e-certificate along with the break-up.