In the stormy times of global finance, the first half of 2024 has been filled with unprecedented challenges. From geopolitical uncertainties, and volatile asset prices to rising interest rates, the complexities have been growing. The Global Risk Report 2024 states that the aftermath of the COVID-19 pandemic and the ongoing Russia-Ukraine war has ‘exposed cracks in societies’ that are being further strained by episodic upheaval. Yet the Global and the Indian system have thus far proved surprisingly resilient. As a result, the demand for individuals proficient in quantitative analysis, financial modeling, risk management, and algorithmic trading has surged.

Against this backdrop of risk and risk management in the financial world, The Reserve Bank of India (RBI) emphasized how quantitative methods are becoming more and more important. In its recent Financial Stability Report, the RBI issued a solemn reminder: the adept use of quantitative models is not merely advantageous but an essential strategy in the contemporary financial landscape. As complexities deepen, the report underscored the importance of managing risks in today’s complex and interconnected environment.  

Why India Needs Professionals with Mastering Quantitative Finance and Risk Management?

India has a complex economic landscape, making the need for professionals with complete knowledge of quantitative finance and risk management most important. Given the country’s rapid growth and evolving yet unprecedented financial markets, the demand for ‘quants’ with strong financial understanding, risk management, and algorithmic trading skills has spiked. 

In response to this growing need, the e-Masters Degree in Quantitative Finance and Risk Management program by IIT Kanpur stands at the forefront of addressing these needs. The program provides participants with a comprehensive understanding of financial theory and its practical applications. 

Balancing Academics and Professional Commitments 

The unique eMasters degree program, e-Masters in Quantitative Finance and Risk Management by IIT Kanpur, is meticulously crafted to empower learners with the practical expertise essential for enhancing risk management practices within organizations. The program is tailored for ambitious traders and finance professionals who are looking to make a noticeable impact in alternative investment fields.

The program emphasizes quantitative methodologies, and participants get to delve into areas such as financial modeling, risk assessment, and decision-making frameworks. Moreover, as aspiring traders and finance professionals begin their journey towards mastery, they are not merely acquiring knowledge but also cultivating a mindset of innovation and adaptability- the ability to think creatively and respond swiftly to emerging trends. 

What Makes The Program Unique?

These key features of the e-Masters Degree in Quantitative Finance and Risk Management program make it different in today’s era. 

  • Weekend-only LIVE interactive classes 

The program offers a dynamic learning approach including weekend-only LIVE interactive classes coupled with self-paced learning. This helps aspiring participants get a flexible schedule, catering to the needs of working professionals, and allowing them to balance their academic pursuits with their professional commitments. Participants also get the flexibility to complete the program between 1 – 3 years. 

Designed with an immersive learning experience, the eMasters Program by IIT Kanpur will be delivered on iPearl.ai, a State-of-the-Art digital learning platform.

  • Learn from the Top Researchers and Faculty from IIT Kanpur

Through this program, participants can gain insights from industry stalwarts and academic leaders, ensuring that they get a rich and engaging educational experience.

  • No GATE Score Required 

Unlike the traditional process, No GATE score is required for selection here as this inclusive approach ensures that the program remains accessible to a wide range of aspiring finance professionals, irrespective of their academic backgrounds or test scores. 

  • Credit Waiver for Higher Studies

Participants can enjoy the benefit of a waiver of up to 60 credits for higher education (MTech/PhD) at IIT Kanpur, providing a seamless pathway for further academic advancement and recognition.

  • Alumni Status and Access to Exclusive Resources and Networking

By choosing the program, individuals can join the prestigious alumni network of IIT Kanpur and have access to a varied professional community, networking opportunities, and ongoing assistance. Alumni privileges include access to exclusive events, resources, and career development opportunities, fostering lifelong connections and collaborations among program graduates. 

  • Obtain e-Masters Degree from IIT Kanpur

Upon the completion of the program, participants will earn certification from IIT Kanpur, a globally recognized institution. The eMasters Degree from IIT Kanpur will serve as a testament to participants’ proficiency in quantitative finance and risk management, enhancing their credibility and career prospects in the competitive finance industry.

  • Career Advancement & Networking 

Another major highlight that makes the program unique is that participants get the opportunity to meet experts and experience the IIT Kanpur campus during campus visits, immersing themselves in a vibrant academic environment. These campus visits provide participants with an opportunity to interact with faculty, peers, and the best industry professionals, fostering collaboration, inspiration, and personal growth. 

How Does the Program Maximize Potential?

The eMasters in Quantitative Finance and Risk Management program by IIT Kanpur offers a comprehensive curriculum divided into Core (C) modules and Projects (P) to maximize the potential in the financial markets. With a 10C+2P structure, the program ensures a holistic learning experience that balances academic rigor with real-world application. 

  • As a part of the 10-module schedule, the core modules cover essential topics such as Foundations of Economics and Finance, Introduction to Derivative Contracts, and Quantitative Methods in R and Python, providing students with a solid theoretical foundation. 
  • Complementing these are Projects that allow participants to apply their knowledge in practical scenarios and prepare them for the challenges of the finance industry. 
  • From Security Analysis and Portfolio Management to Blockchain Applications in Finance, each module is carefully designed to equip students with the skills and expertise needed to excel in their careers while accommodating their professional commitments.

Why Are Professionals Choosing this Program?

Pranjal, a professional with 2 years of experience working in a startup, expresses his motivation for pursuing the eMasters degree, stating, “I want to learn how financial decisions are made using quantitative research. I believe decisions have to be backed by numbers for accuracy and prudence. This eMasters degree will help me develop the right skills in this direction.”

Dhiraj, an Assistant General Manager (AGM) at a National Bank with 18 years of experience, shares his perspective on the program, stating, “The program will help me upskill and update my knowledge as a Risk professional. In addition, it will enhance my domain knowledge and help me contribute to the risk management fraternity, financial organizations and the system at large.”

Who Are Eligible?

  • Candidates with a Bachelor’s degree (3 or 4 years program) or Master’s degree in (Engineering, Science, Economics, MBA etc) with at least 55% marks or 5.5/10 CPI.
  • Candidates with a minimum of 2 years of work experience (You need not be currently employed to be eligible).
  • Candidates with relevant experience and calculus knowledge will be preferred.

Admission Details

  • Final Round of Applications Closing on April 30, 2024
  • Class start- July 2024
  • Application fee ₹1500 (to be paid during application submission)
  • EMI options are available

The e-Masters in Quantitative Finance and Risk Management program by IIT Kanpur offers a learning experience that helps to navigate through unprecedented financial markets. Aspiring finance professionals can learn from the program’s detailed curriculum, renowned faculty, and innovative delivery model to equip themselves with the skills and knowledge needed to excel in today’s competitive and changing financial landscape. From advancing careers to making a career transition, this program provides the tools and resources to help you succeed. To learn more about the program and apply, click here.

Disclaimer:

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