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FinTech Programmes
Kaplan Quantitative Finance Certificate
Fast-Track Learning in Quantitative Finance
The Kaplan Quantitative Finance Certificate is a 3-module program that offers a fast-track learning in security pricing, portfolio management and algorithmic trading. We teach not only the fundamental knowledge, but also the latest cutting-edge technologies in Quantitative Finance. Delivered in live online format, this program is crafted by PhDs from Cornell, Yale, Columbia and CUHK, who have made a career in the frontline of the finance sector, and are experienced in professional teaching and mentoring capstone projects.
Shortage of FinTech Talent
Technological innovation has long affected various industries and workplaces, and the financial services industry is no exception. The increasingly complex financial products and technologies, the development and adoption of virtual banking, data science and AI in the banking industry - all raise the demand of FinTech talents in Hong Kong. However, a report suggests that the shortage of appropriate internal talent is a major challenge faced by many financial institutions. Given the limited number of heavily Fin-Tech focused university programs in Hong Kong, talents that are available lack the exposure and training for both emerging technologies and finance.
Future-Proof with Quantitative Finance Capabilities
The rapid development of FinTech produces new employment areas, potentially creating opportunity for graduates entering the sector. For example, in recent years, firms have reportedly hired more software developers than Google or Microsoft. Practitioners working in finance yet willing to learn more about programming and technology have an advantage, when their employers find it easy to reassign or expand work tasks. Their domain expertise in business and finance is a great way to differentiate themselves in a growing technical field.
Because of the challenging nature of the work, which needs to blend finance, mathematics, and computer skills effectively, people who have mastered quantitative finance capabilities are in great demand and able to command higher salaries.
Real-World Applications: Capstone Project [Optional but highly recommended]
The capstone project allows enrolled participants to integrate and apply the quantitative skills and knowledge that they have learnt throughout the course of their study to address or solve a real issue in the finance world. Show your capstone projects in job interviews to win your dream job, or show your boss that you are worthy of bigger responsibilities.
Program Highlights
- Starts on 18 July / 19 Sep / 14 Nov 2020
- Live online format in English
- Enroll single or all modules
- Interactive lectures with course leader
- Capstone project
- Certification examination
- Moderated discussion channel
- 4 – 18 months to complete
Who Should Attend
Individuals interested in learning quantitative finance skills that allows you to implement models to price and trade securities, optimize portfolio, manage risk, create trading or risk management strategies. Typical job roles may include:
- Hedge fund managers, risk managers, portfolio managers
- Financial analysts, quantitative traders, securities traders
- Fintech solution developers
- Quantitative analysts, financial engineers, quantitative researchers
- IT, computer programmers
- Asset managers, portfolio managers, fund managers, product managers
- Modelling analysts, data scientists
- Management consultants, auditors, financial economists
Leaders and business executives who don’t do programming at work may choose not to enroll in the capstone project and certification examination. While you don’t need to be full-blown programmers, you still need to learn how the latest technical concepts and technologies apply to use cases in the financial world. Consider learning basic programming, and come back within 18 months to make up the capstone project and certification exam.
College students, undergraduates or postgraduates in the field of Engineering, Computer Science, Sciences, Business & Finance, Economics and Law
Gap year students and sabbatical year employees looking to engage in educational and developmental activities, while producing project deliverables
Course Outline
Module 1: Security Pricing
- Introduction to Basic Fixed Income Securities
- Introduction to Derivative Securities
- Option Pricing
- Pricing of Equity Options and Foreign Currency Equity Options
- Overview of Different Interest Rates Model and Pricing of Vanilla and Interest Rate Options
- Pricing and Hedging of Exotic Interest Rate Options
Module 2: Portfolio Management
- General Introduction and Key Concepts
- Modern Portfolio Theory and Beyond
- Asset Allocation
- Risk Management
Module 3: Algorithmic Trading Strategies
- Introduction to Algorithmic Trading
- Mean Reversion
- Ensemble Methods
- Snooping and Bad Science
Refer to course brochure for details.
Course Details
- Live Online Bootcamp
- Enroll by Module or all Modules
- 30-40 hours of interactive lectures per module
- Weekly project work per module in Capstone Project Phase
- Certification Exam in multiple choice and short questions format
- Taught in English
*Module 3 has been postponed. Future course date is to be determined.
Prerequisites
This program expects you to have some basic knowledge of Mathematics and Programming:
Mathematics
Calculus: derivative, chain rule for derivative, Newton’s method
Probability: concept of random variable, expectation (mean), variance, standard deviation, variance, covariance, normal distribution, multi-variate normal distribution, conditional expectation, martingale, Brownian Motion and Bayes’ Theorem
Statistics: co-integration
Programming (Capstone Projects Only)
Students are welcomed to use any programming language to do the assignment and implementing the Capstone Project such as Julia, Python, MATLAB, C/C++ and Java.
Optional Online Pre-course: Mathematics for Quantitative Finance Bootcamp
If you were/are not major in computer science, math, statistics, engineering or other related field, and think that you may not have a sufficient background, we provide a 3-hour on-demand, self-paced online workshop (extra fees of $800) to cover the mathematics and programming fundamentals required by the program. In order to gain admission into the program, you are required to pass the online entrance exam at the end of the workshop with a pass mark of 60%.
Course Fee
|
Early Registration |
Regular Registration | |||||
|
|
Early Registration Deadline |
Interactive Lectures only |
With Capstone Project + Cert Exam |
Interactive Lectures only |
With Capstone Project + Cert Exam |
|
|
Module 1 Security Pricing (QSP) |
Jul 3, 2020 |
$10,000 |
$20,000 |
$12,500 |
$25,000 |
|
|
Module 2 Portfolio Management (QPM) |
Aug 8, 2020 |
$10,000 |
$20,000 |
$12,500 |
$25,000 |
|
|
Module 3 Algorithmic Trading (QAT) |
Oct 15, 2020 |
$13,000 |
$26,000 |
$16,500 |
$33,000 |
|
|
Package (incl all three modules)* |
Jul 3, 2020 |
$27,000 |
$54,000 |
$33,000 |
$66,000 |
|
* Participants pursuing the Kaplan Quantitative Finance Certificate must successfully complete all 3 modules within 18 months with 70% attendance, and obtain pass mark of 60% in all Capstone Projects as well as all Certification Exams.
Kaplan offers a HK$500 discount on the effective price for each module (except online Pre-Course), if you are an alumnus in any of our Financial, Accounting, Professional, Higher Education and Test Prep & Admissions programs.
Certificate
When you finish each module with 70% attendance, and obtain a pass mark of 60% in both the capstone project and the certification exam, you will earn a certificate for one of that specialization:
- Kaplan Security Pricing Certificate
- Kaplan Portfolio Management Certificate
- Kaplan Algorithmic Trading Certificate
The Kaplan Quantitative Finance Certificate will be awarded upon successful earning all 3 specialization certificates within 18 months.
If you use the Julia Language in the capstone project, your certificate will also be endorsed and recognized by Julia Computing.
If you achieve 70% attendance on the Interactive Lectures without completing the capstone project and the certification exam, you will earn the Certificate of Attendance for that module.
All certificates will be issued by Kaplan in two formats: (1) paper, and (2) blockchain-based verifiable digital credential saved in the Kaplan Credentials Passport.
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