It has been around 4 months since I joined IFMR. When I applied to IFMR, I wondered if I should apply to the unique PGDM-Financial Engineering programme. Back then, I didn’t want to narrow down to a very specific field in Finance. So I did not apply for the programme. And now when I see the course content & the students of the second year slogging, I am happy I didn’t opt for the FE programme. Not because the course was bad but because the course was too good for a mere mortal like me.
Are you contemplating on applying for the course? Then answer the following questions.
Are you strong in mathematics? Do words like calculus, algebra, matrices, differential equations etc. bring a sense of excitement to you?
Are you interested in hardcore finance? Do words like computational finance, financial derivatives, asset pricing, valuation, interest rate & credit risk models make some sense to you?
Are you interested in a career in Investment Banking & quantitative modelling?
If your answer to the above questions is “YES”, think no further. This course is for you. This one-of-its-kind course is very quantitative in nature & highly demanding and that is why there is a written test on probability & calculus apart from CAT. As far as the job opportunities are concerned, there are plenty of very lucrative offers.
The alumni of this program are pursuing highly successful careers, both domestically and globally. They are presently working in banks such as Deutsche Bank (Singapore and Mumbai), Barclays, Bank of America, World Bank, ICICI Bank, UBS and other leading consulting/services firms such as Murex (Singapore), Capgemini financial services, Irevna.
No wonder people from reputed institutions like IITs, BITS and Purdue University have opted for this course at IFMR.
A partial list of courses in the 2nd year of FE:
· Stochastic Calculus for Finance
· Asset Pricing
· Financial Econometrics
· Insurance mathematics
· Advanced Financial Risk Management
This course is pretty different from a conventional management course. There is a preparatory maths course in the first year for Financial Engineering.
Don’t get intimidated. If your answers to the questions above were “YES”, Go for it!!!
For Sample Question paper of the written test on higher maths for financial engineering, email: external.relations@ifmr.ac.in
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