Education for the higher educated

Course: Advanced Master in Quantitative Finance

Offered by: Solvay Brussels School of Economics and Management

  • Description
  • Overview

Programme overview

The Advanced Master in Quantitative Finance offers prospective students a rich curriculum combining finance, statistics, econometrics, programming and mathematics. This Master guarantees a full coverage of financial disciplines, such as asset and derivative pricing, numerical methods and programming skills. This advanced course work is designed for students with a quantitative background, obtained either from recent education or through professional experience.


Programme objectives

The main objective of this master is to train a new generation of quants. You will gain cutting-edge knowledge in quantitative finance and will learn how to apply it to real-life problems.
You will not only be exposed to up-to-date models, but you will also understand their advantages and limitations, both in theory and in practice.
By the end of the year, you will be able to:
become an analyst and/or manager in a quant group
• price equities and bonds
• construct and programme structured products
• perform tail-risk analysis
• extract information from massive databases
• understand and trade in complex derivative products such as volatility derivatives


Your profile

The Advanced Master in Quantitative Finance seeks:
  • the highest calibre students
  • students with an outstanding academic background, intellectual curiosity and the discipline necessary to succeed in a very demanding environment
  • candidates with at least a graduate degree or equivalent. This degree should be, but not exclusively, in economics, finance, mathematics, physics, chemistry or engineeringg
  • professionals in the financial sector with experience in quantitative activities
Eligible applicants must hold one of the following:
  • a master's degree (four or five years of study)
  • a post-graduate degree
  • a bachelor's degree followed by one to three years of work experience
  • another degree equivalent to the above (please consult us for more information)
Admissions will be based on the candidates' proficiency in English, on their background, motivation and on professional potential.


Programme framework

This master is a full-time course (60 ECTs) of five terms spread over 11 months. The teaching methodology will vary according to the course content and to the abilities of the students.

The course starts mid September with a week of intensive preparatory courses in statistics, mathematics, finance and economics.

Term 1, October and November, provides the technical background, with courses on stochastic calculus, estimation theory, simulation and programming.

Term 2 is the core of the programme with asset and derivative prices (theory and practice in equal foot), and portfolio and investments.

At term 3, the participants choose a minor, either advanced finance or quantitative methods. The latter is orientated towards managing quant teams, whilst the former is aimed at students interested in advanced techniques.

Term 4 is the shortest and provides courses on advanced and specialised topics, such as credit risk, big data and product structuring.

The final term, lasting four months and ending in August, is devoted to the final thesis or to a corporate internship, based on the participant's performance over the year.


Programme content


TERM 1
  • Overview of Financial Markets & Regulation
  • Principles of Scientific Programming
  • Numerical Methods
  • Estimation Techniques
  • Stochastic Calculus
  • Prepare Yourself for the Market

TERM 2
  • Asset Pricing: Theory
  • Asset Pricing: Practice
  • Derivative Pricing: Theory
  • Derivative Pricing: Practice
  • Portfolio & investments

TERM 3
MINORS IN ADVANCED FINANCE
  • ECB, central banks and financial markets
  • Financial Infrastructures
  • Risk and Risk Management in Financial Institutions
  • Financial Econometrics

MINORS IN QUANTITATIVE METHODS
  • Tail risk
  • Product Structuring
  • Advanced programming
  • Financial Econometrics
  • Fixed Income

TERMS 4
  • Credit Risk Models
  • Product Structuring
  • Financial Big Data

TERMS 5
  • Master Thesis
  • Internship

Faculty information

The faculty consists of a fine-tuned and international combination of scholars and practitioners, from expert quants to high-profile managers. Some of the practitioners, to name but a few, are directors of central banks and heads of market-risk and derivatives structuring in large financial corporations. The programme faculty includes:
  • Andy Threadgold
  • Bram de Rock
  • Céline Vaessen
  • Christophe Ley
  • David Morton de Lachapelle
  • David Veredas
  • Davy Paindaveine
  • Enrique Sentana
  • Juan-Carlos Rodriguez
  • Judith Hardt
  • Jeroen Kerkhof
  • Michael Frommel
  • Michel-Hugo Battistini
  • Olivier Scaillet
  • Peter Praet
  • Karim Marrakchi
  • Thomas Alderweireld
  • ...

Job opportunity

The obvious companies for such profiles are large financial institutions, private banking, and hedge funds, seeking to fulfil positions like quant team member, risk manager, quant analyst/risk modeller, asset liability manager, derivatives specialist, financial supervisor and product structure.

Geographically, job opportunities are not only concentrated to Europe, in particular London, Paris, Amsterdam, Frankfurt, and Zurich, but are extended to the rest of the world (e.g. Singapore, Hong Kong and New York).

However, to successfully grow in your professional life and make the right choices for your career, it is fundamental to define your goals and have the tools to achieve them. The Solvay Brussels School's career service will help you in building your career thanks to its strong connection with the business sector and to its dynamic team who will accompany each participant into the professional world. From self-assessment to networking opportunities, our team will assist participants to realise their full potential. Through a full range of seminars, coaching sessions, workshops, events and other resources, we help our participants to discover the career path best suited to their personal fulfilment.


Practical information

  • If you wish to join the Advanced Master course in September 2015, please follow the five main steps of our admission procedure:
  • Complete and submit the online pre-enrolment form together with your CV.
  • Receive feedback on your eligibility from the Academic Director.
  • Have a personal interview with the Academic Director.
  • Receive feedback on your admission. If positive, please note that you will have two weeks to finalise your registration by:
    • Completing, signing and sending back the admission documents
    • Pay a deposit of €1000

Application Deadline:

  • EU students - August 30th 2015
  • Non-EU students - June 30th 2015
Starting date: September 2015
Language: English
Location: Brussels
Tuition: 15,000 euros (contact us for more information on financial aid conditions)
Contact: Aurélie Messina, Programme Coordinator
Tel.: +32 (0)2 650 39 15
advancedmaster@solvay.edu

Level University
Form Full-time
Incompany No
Open enrolment Yes
Lead time 11 months
Location Brussels
Costs €15000
Titles No title
Required language skills English
Start month September
Country Belgium
Completion Diploma