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.
G.C.E. Advanced Level Examination (New syllabus) – Three passes including Combined Mathematics or Higher Mathematics as a subject.
G.C.E. Advanced Level Examination (Old syllabus) – Three passes including Applied Mathematics or Pure Mathematics as a subject.
Any other equivalent professional qualification acceptable to the faculty and the senate.
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.
On-line Application for 2021 Intake
Dates to be remembered
- Activate online application: September 01st, 2020
- Application deadline: October 10th, 2020
- Interviews: November 01st, 2020
- Final list: November 2020
- Registration: January 09th & 10th, 2020
- Inauguration of the program for 2021 intake: 31st January 2021 (through Zoom)
- Commencement of the program for 2021 intake: February 7th, 2021
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.
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 on Blended Mode. 75% of lessons are conducted via on-line mode and 25% via face to face discussions. Face to face discussions are conducted during weekends (Sunday – once in month). 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:
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.
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.
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|
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,
Obtaining a grade not lower than C in course units aggregating to at least twenty (20) credits in Level I,
Obtaining an overall GPA of 2.0 or above in Level I.
Level II – Certificate
Meet requirements for Level I Certification,
Completion of a minimum of sixty (60) credits with at least 30 credits from Level II,
Obtaining a grade not lower than C in course units aggregating to at least twenty (20) from Level II,
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,
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 * ,
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,
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 * ,
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.
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.
Obtaining a minimum overall GPA of 2.0 in Level I, Level II, Level III taken together.
If a student satisfies the requirements for obtaining a degree within three (03) consecutive academic years of the External Degree Programme
First Class: If a student has a minimum overall GPA of 3.70.
Second Class (Upper Division): If a student has a minimum overall GPA of 3.30.
Second Class (Lower Division): If a student has a minimum overall GPA of 3.00.
Further information regarding the Program can be obtained by contacting the program coordinator
Contact details of the program coordinator are as follows.
|Name||Phone No||Mobile No|
|Dr. Sanjeewa Pererafirstname.lastname@example.org||0112507010||0715352616|