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The Certificate in Quantitative Finance

The No. 1 Professional Qualification in Quantitative Finance

Delivered by leading academics and practitioners and led by Dr Paul Wilmott.

The program is designed for professionals and delivered on a part-time basis via evening sessions.

Each CQF Class is recorded while being delivered and all CQF delegates have access to live and recorded classes. All modules are fully supported by programming workshops.

Delegates can access the course from anywhere in the world. The CQF Alumni Network represents an exclusive global community of quantitative practitioners.

This six-month intensive program consists of straight-to-the-point formal evening lectures and other more informal workshops which deliver the necessary knowledge base and skills needed to succeed in this fast-paced working environment. This Certificate provides an in-depth coverage of practical quantitative methods important in today?s financial markets.

Maths Primer

We now include a Maths Primer course at the beginning of the CQF. This primer course is ideal for pre-CQF delegates looking to brush up on their math skills. It is a short but intensive refresher in the areas of calculus, differential equations, linear algebra and probability.

CQF Syllabus


Module 1: Basic Building Blocks of Finance Theory and Practice

- Important mathematical tools and results
- Taylor series
- Probabilistic concepts
- Stochastic calculus and Itô?s Lemma
- Transition density functions
- Central Limit Theorem
- The random behavior of asset prices
- Martingale theory

Module 2: Risk and Return

- Modern Portfolio Theory
- Capital Asset Pricing Model
- Asset allocation in continuous time
- Value at Risk
- Modeling and measuring volatility
- Financial markets and products
- The binomial model for asset prices

Module 3: Equity, Currency and Commodity Derivatives

- Hedging and the Greeks
- The Black-Scholes model
- Option strategies
- Early exercise and American options
- Elementary Monte Carlo simulations
- Elementary finite-difference methods
- Martingale theory for pricing

Module 4: Interest Rates and Products

- Fixed-income products
- Yield, duration and convexity
- Stochastic spot-rate models
- Calibration
- Data analysis
- Convertible bonds
- Heath, Jarrow and Morton

Module 5: Credit Products and Risk

- Credit risk and credit derivatives
- CDS pricing, market approach
- Synthetic CDO pricing
- Risk of default
- Transition matrices
- Copulas

Module 6: Advanced Topics

- Volatility surfaces
- Stochastic volatility
- Jump diffusion
- Exotic options
- Non-probabilistic models
- Static hedging
- Brace, Gatarek and Musiela
- Monte Carlo simulations
- Quasi-Monte Carlo methods
- Finite-difference methods

C++ in finance

C++ is critical to a role as a modern quant in a top-tier investment bank, so as part of the continual improvement of the CQF program we are including the entire Computational Finance series as a self-contained subset of the recorded Alumni Classes. CQF delegates who want to take this syllabus are advised to do so after they have completed the CQF, or in parallel with the CQF after discussion with a Course Director.

Lifelong Learning

Continuing education is paramount in the world of mathematical finance. To ensure CQF delegate are supported after they have obtained their qualification, additional regular classes and Masterclasses are delivered on both technical and topical issues. These classes are delivered by the CQF faculty in addition to world-class practitioners.

Alumni Relations

The CQF alumni community is continually expanding as a network of friends and contacts all over the world, an exclusive global community of quantitative practitioners.

As a CQF Alumnus you have access to:

A dedicated website www.cqfalumni.com where you will find amongst other great tools the CQF directory
Publications such as the CQF alumni newsletter
Regular educational events
Regular social events

What is the next step:

Visit the dedicated CQF site
Download the full CQF brochure
Watch the recording of a sample CQF lecture
Attend one of our Information Sessions in London, North America and Asia.

The best way to find out more about The Certificate in Quantitative Finance is to attend one of our Information Sessions, where you can meet Paul Wilmott, the CQF team, current and past delegates to discuss all details of the course.

Format of the Information Session:

6:30pm Presentation by Paul Wilmott to introduce the CQF
8:00pm A Q&A session reception

Click here to find out dates and locations of CQF Information Sessions

For more information and to book your place email cqf@7city.com or call Geoff Brown Tel +44 (0)207 496 8600

What delegates say about the CQF:

"The quality of the lecturers and the content of the course material is first class. Derivations start at a very simple level and work through to the final solution, with all technical aspects addressed. I have worked in options trading and risk management for the past 10 years. I have completed many courses including masters in quant finance and the CQF is certainly the one course that has increased my understanding the most. I would recommend it over most masters programs because you get the benefit of learning not only from academics but also from people in the markets who trade and risk manage derivatives"
James Pickles
Exotic Options Trader - Citigroup

"I believe that the CQF is one of the most efficient and effective way to fast track his or her understanding and practical knowledge in quantitative finance. The CQF is designed for the real world and offered me the tools to handle the pricing of all the complex derivatives, a fixed income portfolio manager can nowadays be exposed to, be they interest rate structured products or credit structured products. It equipped me with confidence to deal with ever-evolving structures proposed by banks, and above all with the ability to price and analyse the sensitivities of these products. This incredible programme offers in the matter of six months a level of credibility and recognition from colleagues, counterparts and peers, that could be achieved no other way"
Jean-Francois Blottiere
Fixed Income Portfolio Manager - Federal Finance Gestion

For more testimonials click here