The Certificate in Quantitative Finance offers interesting career avenues for those with a background in math and programming.

For those who are into maths or programming and want to get into the world of finance, the usual option is to pursue an MBA. There is now a relatively new programme of study that can help them make the transition. The Certificate in Quantitative Finance (CQF) promises to train people and help them find jobs in derivatives, quant IT, quant trading, risk management or insurance.

Founded by Dr. Paul Wilmott, the programme is provided by Fitch Learning. The programme is conducted by quant professionals and delivered online as a part-time professional qualification. The Certificate in Quantitative Finance has three parts: Pre-programme preparation – Maths Primer and VBA, CQF designation and Lifelong Learning

The CQF designation is split into two three-month levels (Level I and II), with exams for each level, leading to a professional certification. On completion of both the levels, the delegate will have attained the full CQF designation.

Randeep Gug, programme director of CQF says, “Graduates can take the CQF Level I to increase their employability by bridging their transition into the financial markets and to get desk-ready.”

Mr. Gug says, “There are three key elements to quantitative finance — finance, mathematics and programming. Delegates from any of those disciplines can apply. The CQF is designed in such a way that regardless of which discipline you come from, you gain the relevant skills needed to be an effective and practising quantitative finance professional. As part of the programme preparation we offer a free mathematics primer and free VBA course.”

Exam process

At the end of each module, delegates have to complete an exam, which is a combination of problem-solving and implementation of models. The exams scripts and any models that have been built as part of the exam are uploaded via the portal and evaluated by the faculty. The faculty will give marks for each question and an overall mark for the whole exam. They are also available for comments and guidance.” Says Mr. Gug, “The aim of our exams is very simple, we do not test memory (the exams are open book), we are testing the ability to solve problems and use the ideas for practical modelling purposes.”

At the end of module six, a delegate is expected to complete a full project, which involves implementing a model from beginning to end.

The course is offered online. Delegates who are in level II or who pass the certifications are provided with free quant education for an unlimited period so that they can keep themselves abreast of the latest developments in the field. CQF offers scholarship for Indian delegates who are residents in India at £2,590 for each level.