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Offered by the Department of Mathematics

BSc in Financial Engineering (external) degree programme focuses on creating new financial strategies and tools used to forecast financial trends, develop financial instruments / models and establish new methods that are beneficial to businesses and organizations to make strategic financial decisions. Students pursuing this degree will learn essential Mathematics, Statistics, language and computer skills, Basic Economics and Accounting, Quantitative techniques, quantitative finance, financial modeling, risk management, corporate finance, Professional development and practices in finance.

Eligibility

G.C.E. Advanced Level Examination (New syllabus) – Three passes including Combined Mathematics or Higher Mathematics as a subject.

OR

G.C.E. Advanced Level Examination (Old syllabus) – Three passes including Applied Mathematics or Pure Mathematics as a subject.

OR

Any other equivalent professional qualification acceptable to the faculty and the senate.

Course Fees

LKR 160,000/-

Application Fee: LKR 1,500/-
Course Fee: 160,000/- per year

*The course fee cannot be paid as installments. However, our students are eligible for a student loan which can be obtained from the Thumulla Branch of Bank of Ceylon. Please contact them for more information.


Dates to be remembered

  • Activate online application: September 01st, 2020
  • Application deadline: September 30th, 2020
  • Interviews: October 25th, 2020
  • Final list: October 2020
  • Registration: January 09th & 10th, 2020
  • New batch will commence: January 17th, 2021

Rationale

The drive toward financial market expansion and development suggests the need for people who are able to identify, evaluate, forecast, disseminate and provide integrated solutions to meet the needs of financial sector. “Financial Engineering” continues to be one of the fastest growing areas within modern financing/banking. Together with the sophistication and complexity of modern financial products, this exciting discipline continues to act as the motivating factor for new mathematical models and the subsequent development of associated computational schemes. Although relatively young, financial mathematics has developed rapidly into a substantial body of knowledge and established part of mathematical science. The proposed revision is designed to fulfill the demand for expertise in the drive toward financial expansion and development.

The course is structured to support all part-time external students to engage with the Lecturers in the course modules continuously. Learning Management system (LMS) is used as a self-learning assessment and evaluation mechanism.

The intellectually exciting and practical Finance course will prepare students for a range of careers in the financial analysis field within Sri Lanka and internationally. With a degree in Financial Engineering students can harness skills necessary for economic analysis, financial forecasting, and financial practice as well as for financial consultancy, advisory and financial product development/analysis.

Programme Duration

The duration of each BSc programme will be 3 years. At each year, the programme is conducted over 2 semesters of 20 weeks. The courses are offered during weekends (Sunday). However, in conducting examinations attendance may be necessary during a few Saturdays.

Indented Learning Outcomes of BSc in Financial Engineering

The end of the 3 years (SLQF Level 5)   BSc in Financial Engineering Degree holders should be able to:

  • demonstrate knowledge and proficiency in the terminologies, theories, concepts, practices and skills specific to the field of finance and insurance financial product development.
  • observe and interpret financial markets to uncover potential opportunities and construct financial portfolios.
  • apply best practices in financial management to make plans, organize projects, monitor outcomes and provide financial leadership.
  • 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.
  • practice professionalism and uphold ethical standards and improve/update skills required for employment and life-long learning.
  • effectively communicate & disseminate knowledge, information and ideas to specialist and a wider society
  • perform independently as well as interdependently

Specific Intended Learning Outcomes

Upon completion of the BSc Financial Engineering, the following criteria shall be fulfilled:

1. KNOWLEDGE

Upon completion of the BSc in Financial Engineering programme, the student should possess knowledge and understanding of the following:

  • Insight into some of the subjects fundamental to finance.
  • Basic principles, theories and applications in the field of financial mathematics.
  • Mathematical analysis common to most financial analysis disciplines, calculus, linear algebra.
    Differential equations models for finance.
  • Numerical methods and scientific computing to solve problems in calculus, differential equations, and linear algebra.
  • Basic probability theory and statistics including data analysis, error analysis, hypothesis testing and linear regression.
  • Basic understanding of financial programming in common languages and spreadsheet applications.
  • Basic principles of Economics and Accounting.

3. COMPETENCE (Attitudes, Values, Professionalism and Vision for life, Lifelong Learning)

Upon completion of the BSc programme, the student should be able to utilize the knowledge and skills he/she has acquired to:

  • Apply analytical skills and modelling methodologies to recognize, analyze, synthesize and implement operational solutions to Finance problems
  • Apply standard quantitative scientific principles to develop finance solutions to a range of practical problems in Finance
  • Appreciate the importance of keeping up with evolving industry practice technologies and technology and research, to meet expand professional competencies and industry expectations.
  • Undertake further studies towards a graduate level degrees and professional qualifications.

2. SKILLS

Upon completion of the BSc in Financial Engineering programme, the student should have gained the skills to:

2.1 Disciplinary skills

  • Quantify and model the financial structure of projects and corporations and for that purpose apply suitable techniques.
  • Design mathematical models of the financial functions of organizations and solve the formulated problems by a range of quantitative techniques, including simulation and optimization techniques.
  • Plan, manage and analyze financial and operational structures in projects, using recognized financial techniques as well as other current best-practice methods.
  • Apply the statistical methods in order to analyze and interpret data.
  • Carry out risk assessment by disciplines of risk management and decision analysis.

2.2 Personal Skills

  • Apply financial methods to projects, i.e. have the ability to assess the financial feasibility of the projects and identify the key factors in a given situation and develop an approach to a solution.
  • Formulate and work on open-ended problems, including creative thinking.
  • Apply research methodology, including the fundamentals of technical writing and information finding, including literature search.
  • Apply standard scientific principles to develop financial solutions to a range of practical problems.

2.3 Interpersonal skills

  • Develop strategic communication skills through industry-based management case studies.
  • Communicate effectively and professionally and formulate sound arguments, both in writing and by means of presentations, using appropriate professional techniques.
  • Developing team analytical negotiation skills in providing a business proposal and project plan.
  • Be an effective team member and contribute to the management of team projects by interpreting data analysis.

Programme Structure

BSc in Financial Engineering will be completed in three years (90 Credits / SLQF Level 5) and it consists of three levels.

LEVEL I: Diploma in Financial Engineering (30 Credits)

LEVEL II: Advanced Diploma in Financial Engineering (60 Credits)

LEVEL III: BSc in Financial Engineering (90 Credits)

*Please find the more details of the programme: BSc in Financial Engineering Course catalog

LEVEL I - Diploma in Financial Engineering (30 Credits)

Semester Course Code Course Title Credit /Hours Core /Elective
Semester I FE 1101 Economics I for Finance 30L, 2C Core *
Semester I FE 1102 Mathematics for Finance 30L, 2C Core *
Semester II FE 1103 Accounting I for Finance 30L, 2C Core *
Semester I FE 1104 Statistics I for Finance 30L, 2C Core
Semester I FE 1105 Applied Finance 30L, 2C Core *
Semester I FE 1106 Computing for Finance 60P, 2C Core *
Semester II FE 1107 Financial English 30L, 2C Core *
Semester I FE 1108 Management Science I 30L, 2C Core
Semester II FE 1109 Economics II Finance 30L, 2C Core *
Semester II FE 1110 Economics II Finance 30L, 2C Core *
Semester II FE 1111 Calculus for Finance 30L, 2C Core *
Semester II FE 1112 Linear Algebra 30L, 2C Core
Semester I FE 1113 Differential Equations I for Finance 30L, 2C Core
Semester I FE 1114 Financial Markets & Instruments 30L, 2C Core *
Semester II FE 1115 Numerical Methods I for Finance 60P, 2C Core *

LEVEL II - Advanced Diploma in Financial Engineering (60 Credits)

Semester Course Code Course Title Credit /Hours Core /Elective
Semester I FE 2101 Accounting II for Finance 30L, 2C Core *
Semester I FE 2102 Advanced Applications in Spreadsheet 60P, 2C Core
Semester II FE 2103 Financial risk Management I 30L, 2C Core *
Semester I FE 2104 Investment Analysis I 30L, 2C Core
Semester I FE 2105 Management Science II 30L, 2C Core *
Semester I FE 2106 Financial Econometrics 30L, 2C Core *
Semester I FE 2107 Insurance for Business 30L, 2C Core *
Semester II FE 2108 Investment Analysis II 30L, 2C Core
Semester II FE 2109 Survival Models and Analysis 30L, 2C Core *
Semester II FE 2110 Economics II Finance 30L, 2C Core
Semester II FE 2111 Life Insurance Models 30L, 2C Core *
Semester II FE 2112 Fuzzy Modeling 60P, 2C Core
Semester I FE 2113 Financial Statement Analysis 30L, 2C Core *
Semester IL FE 2114 Numerical Methods II for Finance 60P, 2C Core *
Semester I FE 2115 Game Theory 30L, 2C Core

LEVEL III - BSc in Financial Engineering (90 Credits)

Semester Course Code Course Title Credit /Hours Core /Elective
Semester II FE 3101 Investment Analysis III 30L, 2C Core
Semester II FE 3102 Financial Risk Management II 60P, 2C Core
Semester I FE 3103 Computational Modeling 30L, 2C Core
Semester I FE 3104 Management Science III 30L, 2C Core
Semester I FE 3105 Stochastic Calculus for Finance 30L, 2C Core
Semester I FE 3106 Banking and International Finance 30L, 2C Core
Semester II FE 3107 Portfolio Management 30L, 2C Core
Semester I FE 3108 E-Commerce 30L, 2C Core
Semester II FE 3109 Professional Development in Finance 60P, 2C Core
Semester I FE 3110 Case Studies in Management 60P, 2C Core
Semester II FE 3111 Professional Financial Practice 60P, 2C Core
Semester I FE 3112 Fuzzy Modeling 180P, 6C Core
Semester II FE 3113 Financial Statement Analysis 60P, 2C Core

Evaluation Criteria

The theory course modules will be evaluated through written examinations and/or assignments where appropriate. Laboratory course modules will be evaluated by assignments and/or semester end examinations. In some instances, course units may require a mixed mode evaluation including continuous assessments.

Certificate/Diploma/Degree Awarding Criteria

Level I – Certificate

Completion of a minimum of thirty (30) credits in Level I,

AND

Obtaining a grade not lower than C in course units aggregating to at least twenty (20) credits in Level I,

AND

Obtaining an overall GPA of 2.0 or above in Level I.

Level II – Certificate

Meet requirements for Level I Certification,

AND

Completion of a minimum of sixty (60) credits with at least 30 credits from Level II,

AND

Obtaining a grade not lower than C in course units aggregating to at least twenty (20) from Level II,

AND

Obtaining an overall GPA of 2.0 or above in Level II

Diploma (SLQF Level 3)

Completion of a minimum of thirty (30) credits of the course units in Level I,

AND

Obtaining a grade not lower than C in course units aggregating to a total of 20 credits for specified set of Level I courses indicated by * ,

AND

Obtaining an overall GPA of 2.0 or above.

Advanced Diploma (SLQF Level 4)

Completion of a minimum of sixty (60) credits of the course units in Level I and Level II,

AND

Obtaining a grade not lower than C in course units aggregating to a total of 40 credits for specified set of Level I and Level II course units indicated by * ,

AND

Obtaining an overall GPA of 2.0 or above for the sixty (60) credits for Level I and Level II course units.

Degree (SLQF Level 5)

Completion of a minimum of ninety (90) credits with at least thirty (30) credits from each of Level I, Level II and Level III.

AND

Obtaining a minimum GPA of 2.0 in course units aggregating to at least twenty (20) credits at each of Level I, Level II and Level III.

AND

Obtaining a minimum overall GPA of 2.0 in Level I, Level II, Level III taken together.

Awarding Classes

If a student satisfies the requirements for obtaining a degree within three (03) consecutive academic years of the External Degree Programme

AND

First Class: If a student has a minimum overall GPA of 3.70.

OR

Second Class (Upper Division): If a student has a minimum overall GPA of 3.30.

OR

Second Class (Lower Division): If a student has a minimum overall GPA of 3.00.

Further Information

Further information regarding the  Program can be obtained by contacting the program coordinator

Contact details of the program coordinator are as follows.

Name Email Phone No Mobile No
Dr. Sanjeewa Perera bscfe@sci.cmb.ac.lk 0112507010 0715352616