Offered by the Department of Mathematics
The MSc/PG Diploma in Financial Mathematics aims to provide a professional development package for professionals in the discipline of Finance, Insurance, Banks, Financial Analysis, Financial Consultancy and Financial Simulation sectors. The award of the degree will provide its recipients with a valuable professional qualification.
Considering new trends in the field of quantitative finance, starting from year 2020 batch, the program provides two pathways, namely,
- Financial Engineering
- Financial Analysis
Financial Analysis is focused more towards qualitative aspects, and Financial Engineering is focused on deeper quantitative aspects. Both pathways require core concepts and tools of financial mathematics in the areas of finance, applied mathematics, statistics and computer science. They form the common set of courses delivered in semester I. The split into the two pathways is introduced in semester II based on student demand. In semester III, a related industry project is introduced to strengthen the acquired knowledge in the industry setting.
A Bachelor of Science with Pure Mathematics or Applied Mathematics as a subject,
Bachelor of Science in Engineering from a recognized university,
any other equivalent qualification acceptable to the senate of the University of Colombo.
Application Fee: LKR 3,000/-
Course Fee: 310,000/- (Subject to change)
*The course fee cannot be paid as installments. However, students are eligible for Bank Ceylon Student Loan system. Please contact Bank of Ceylon, Thummulla Branch for more details.
Application for 2022 intake
Call for applications: October 2021
Tentative date of commencement: January 2022
Programme Intended Learning Outcomes
The end of the two years (SLQF Level 9) MSc in Financial Mathematics Degree holders should be able to:
- ILO I: demonstrate knowledge and proficiency in the terminologies, theories, concepts, practices and skills specific to the field of finance, financial instruments, financial markets and financial product development.
- ILO II: display critical awareness of current local/global financial issues/environments
- ILO III: observe and interpret financial markets to uncover potential opportunities and construct financial portfolios.
- ILO IV: apply best practices in financial product development / analysis to make plans, organize projects, monitor outcomes and provide financial leadership.
- ILO V: apply the Standards of Practice and Codes of Conduct of Financial Practitioners to address ethical challenges within the business environment and demonstrate intellectual maturity in a global setting.
- ILO VI: practice professionalism and uphold ethical standards and improve/update skills required for employment and life-long learning.
- ILO VII: effectively communicate & disseminate knowledge, information and ideas to specialist and a wider society
- ILO VIII: perform independently as well as interdependently
- ILO IX: demonstrate self-direction and originality in tackling and solving problems and be able to plan and implement tasks at professional levels
The MSc program will consist of two parts (Part I and Part II), Part I consists of coursework (25 C) and Part II consists of an independent guided project (5 C). The duration of the entire programme is two years (three semesters). Semester I is common for both Financial Engineering and Financial Analysis paths.
Those who obtain a GPA of not less than 2.5 for part I of the programme will be allowed to proceed to Part II of the programme. Students who fail to obtain a GPA of 2.5 but maintain a GPA of not less than 2.00 in Part I will be eligible for the award of the Postgraduate Diploma in Financial Mathematics. The students who proceed to Part II will be assigned an independent guided project of six months duration. Satisfactory completion of the research project, the other module in Part II of the programme and obtain a GPA 2.5 or above will make these students eligible for the award of MSc in Financial Mathematics. In addition to this, the general guidelines of the Faculty of Science are applicable to the award of the MSc and the Postgraduate Diploma in Financial Mathematics.
FA – Financial Analysis path
FE – Financial Engineering path
PART I: PG Diploma
|MFM 5041||Applied Finance||30L, 30P, 3C||X||X|
|MFM 5042||Optimization Methods for Finance||30L, 30P, 3C||X||X|
|MFM 5043||Financial Products & Pricing||30L, 30P, 3C||X||X|
|MFM 5044||Computing for Finance||60P, 2C||X||X|
|MFM 5045||Case Study on Financial Markets||90P, 3C||X||X|
|MFM 5046||Corporate Finance||30L, 2C||X|
|MFM 5047||Financial Risk Management||30L, 2C||X|
|MFM 5048||Economics for Finance||30L, 2C||X|
|MFM 5049||Financial Reporting and Analysis||30L, 2C||X|
|MFM 5050||Quantitative Methods in Finance||30L, 30P, 3C||X|
|MFM 5051||Investment Analysis||30L, 30P, 3C||X|
|MFM 5052||Quantitative Risk Analysis||30L, 30P, 3C||X|
|MFM 5053||Financial Econometrics||30L, 30P, 3C||X|
|MFM 5054||Computational Models in Financial Engineering||60P, 2C||X|
|TOTAL NOTIONAL HOURS (PG Diploma) – SLQF Level 8||1250||1250|
|TOTAL CREDITS (PG Diploma) - SLQF Level 8||25C||25C|
PART II: MSc Coursework - Third Semester
|MFM 5055||Quantitative Finance Project||150P, 5C||X|
|MFM 5056||Financial Analysis Project||150P, 5C||X|
|TOTAL NOTIONAL HOURS (MSc) - SLQF Level 9||1750||1750|
|TOTAL CREDITS (MSc Coursework) - SLQF Level 9||30C||30C|
*Please find the more details of the programme: MSc in Financial Mathematics Course catalog
Further information regarding the MSc Program can be obtained by contacting the program coordinator or Head/Mathematics
Contact details of the program coordinator and Head/Mathematics are as follows.
|Name||Coordinator||Phone No||Mobile No|
|Dr. Sanjeewa Perera||Head/Mathematicsemail@example.com||0112507010||0715352616|
|Dr. JK Wijerathna||Coordinatorfirstname.lastname@example.org|