Get updates on Eligibility, Admission, Placements Fees Structure
Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The Financial Mathematics programme is an AICTE approved FDP course. It will be influential for interested candidates who want to learn about the mathematical properties and relations between economic activities and investment markets. The programme is designed by IIT Roorkee in collaboration with the NPTEL team. Professor Pradeep Kumar Jha from IIT Roorkee will be the instructor and educator for the programme.
Financial Mathematics certification course is a twelve-week course that uses video lectures, assignments, and an in-person proctored exam as learning tools. Participants of the course will be well versed in various topics such as financial transactions, portfolio investments, forecasting and analysing market developments, and much more.
Financial Mathematics by Swayam offers certification and requires its participants to have a basic foundation of mathematics and probability. It also lists books that can be referred to for additional information. Candidates need to sign up on the Swayam website to gain access to this online course. All the course material and video lectures are available for free upon enrollment.
The Highlights
- Undergraduate/postgraduate elective course
- FDP course approved by AICTE
- Industry support from financial and investment sectors
- Books reference list
- Twelve-week online course
- In-person proctored exam
- Twelve assignments
- Professor from IIT Roorkee
- Designed by IIT Roorkee in association with NPTEL
- E-certificate available
Programme Offerings
- E-certificate available
- FDP course approved by AICTE
- In-person proctored exam
- Undergraduate/postgraduate elective course
- Designed by IIT Roorkee in association with NPTEL
- Books reference list
- Industry support from financial and investment sectors
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 1000 | yes | IIT Roorkee |
- Financial Mathematics training only has a certification fee of Rs. 1,000. This is not a compulsory fee. Participants who do not wish to qualify for certification need not pay this fee.
Financial Mathematics programme fee structure
Course Name | Fee |
Financial Mathematics (Certificate Eligibility) | Rs. 1,000 |
Eligibility Criteria
The Financial Mathematics programme has two prerequisites. The individuals who want to participate in the course need to have a clear understanding of basic mathematics and probability.
To become eligible for the certification, participants need to fill the online application form and pay the certification fee. They should also submit all the assignments to get a minimum scores of 10/25. In the final exam that they appear at the end of the course, they need to achieve a minimum of 30/75. Their final score needs to be higher than or equal to 40/100. By fulfilling these conditions, they can get a certification.
What you will learn
Financial Mathematics programme participants will be well versed in the following issues:
- The complexity of portfolio investments
- Forecasting and analysing market developments
- Feasibility and Development of financial transactions
- The globalisation of financial markets
Who it is for
Financial Mathematics can be taken up by any individual interested in the various topics in financial mathematics.
Admission Details
The Financial Mathematics by Swayam has the below-given admission process:
Step 1: Get access to the online form by logging in or signing up with Swayam. Use https://onlinecourses.nptel.ac.in/noc21_ce33/preview for details.
Step 2: Complete the online form and pay the certification fee if needed. Once it is processed, the admission process is complete.
Application Details
The Financial Mathematics programme has an online application form that can be accessed by logging into the Swayam website. First-time users can also login using their Google, Facebook, or Microsoft account or register themselves using a valid email address and choosing their username and password.
The Syllabus
- Mathematical introduction
- Growth and decay curves
- Simple interest
- bank discount
- Compound interest
- discrete compounding
- Compounding frequency of interest
- Economic equivalence
- Method of comparison of alternatives
- Project balance
- Credit and loan
- Cost of credit and amortization
- Depreciation and depletion
- Breakeven analysis
- Leverage
- Stocks and bonds
- Valuation of stocks and bonds
- Mutual funds
- Options
- Cost of capital and ratio analysis
- Decision under risk &uncertainty
- Risk premium
- Portfolio diversification
- Life Insurance
- Endowment, and annuities
- Insurance policies
Evaluation process
Financial Mathematics training has multiple steps that participants need to follow to get a certification. Candidates must fill the online admission form, pay the examination fee and select an exam centre.
They should submit all the assignments on time as the average score calculated from them will provide 25% of the final score. Besides, candidates must pass the final exam as it counts for 75% of the final score. The final score will be a summation of the average assignment marks and the final exam marks. The final passing score is 40/100
However, there is an additional condition. Participants must get at least 30/75 and 10/25 in their final exam and assignments, respectively. Otherwise, even if the sum of their final score is more than 40, they will not be certified.
Instructors
IIT Roorkee Frequently Asked Questions (FAQ's)
There is no enrollment fee for this course.
The assignment score is calculated by taking the average of the best score received on 8 out of 12 assignments.
No. Candidates only need to give the final exam if they apply for certification.
Candidates can refer to ‘Mathematics for Finance’ by Marek Capinski and Tomasz Zastawniak and ‘Financial Mathematics and its Applications’ by Ambad Nazri Wahidudin.
Yes. The final score will be displayed on the e-certificate along with the break-up.