CQF Finance
CQF Finance | Quantitative Finance Certificate
The Wilmott CQF Finance (certificate in quantitative finance) was designed by Doctor Paul Wilmott in 2003. The designation is aimed at providing a high level training for professionals working in, or intending to move into, derivatives and risk management. The program consists of 6 modules which each cover a different area of quantitative finance. The course was designed for those who are currently employed full time to allow for studying outside of the office.
The modules which the course will concentrate on are the basic building blocks of finance theory and practice, risk and return, equity/currency/commodity derivatives, interest rates and products, credit products and risk, and advanced topics. Each module covers a different aspect of quantitative finance and consists of lectures, discussions and computer workshops. At the end of each module, delegates take a written exam to gain certification in that module. The entire course takes 6 months to complete and is offered in January and June each year. There are 3 unique ways to take the Wilmott CQF finance; in an actual classroom, through a live webcast, or by using recorded classes.
The course is designed to not only provide a superior level of quantitative finance knowledge but to also educate delegates in C++ programming. The vast majority of professional software development in quant finance is in C++. To be an effective member of a quant team you need to write high-quality code, and you must also be able to understand the C++ written by others.
The CQF Finance designation aims to target a typical participant who will be a market practitioner currently employed in a bank or other financial institution. The course is also suitable for graduate students wishing to enter the financial markets. Some mathematical experience and knowledge of the financial markets is useful before starting the course studies.
The CQF finance designation will be of special interest to those working in derivatives, structuring, fund management, investment banking, financial software, risk management, trading, IT, hedge funds, and banking. Within these industries, the breakdown of where CQF finance graduates is; 20% in risk management, 16% in IT, 11% in trading, 10% in quantitative analysis, 7% in consulting, 7% in derivatives, 7% in hedge funds, 6% in structuring, 5% in fund management, 5% in others, 3% in academia, and 3% in actuary.
The academic discipline breakdown of CQF finance graduates is: 20% in finance, 17% in math, 15% in computer science, 15% in engineering, 9 % in business, 6% in economics, 5% in banking, 4% in physics, 3% in unclassified.
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