The Master of Science in Quantitative Finance Programme, as envisioned by Amrut Mody School of Management at Ahmedabad University, is a unique programme in the country for it focuses on imparting advanced quantitative techniques that are required for students who are intent on pursuing a career in Financial Modelling, Asset Management, Risk Mitigation, and Investment Banking. Unlike specialised programmes that are offered in silos, this Programme offers ample avenues to the students to make the most out of the broader liberal arts university ecosystem that encourages and nurtures interdisciplinarity.

The Master of Science in Quantitative Finance is a two-year postgraduate programme. The Programme is a confluence of mathematics, financial markets, and economics. The contents and the depth of the courses offered in this Programme have been arrived at keeping in view the demands and the expectations of the industry. Master of Science in Quantitative Finance graduates will have a deep understanding of the mathematical underpinnings of financial markets. They would possess requisite coding skills and should be in a position to apply the quantitative techniques in a real-world context to address empirical anomalies. The pedagogy consists of, and is not limited to, faculty-led classroom discussions, simulation exercises, case analysis/group activities, workshops, and practitioner interactions.

Eligibility

Bachelor’s degree with at least 50% marks (45% for SC/ST candidates) or equivalent from a recognised university in India or abroad.

A candidate who is yet to appear for the final year examination of the bachelor's degree or equivalent is eligible to apply. However, for such candidates (if selected), the final year/semester examination should have been completed by July 15, 2024, and the result of that examination must be declared by September 31, 2024, following which they must submit a copy of their mark sheet and degree certificate.

Application Process

• Complete the online application
• Upload relevant documents, pay the application fee of INR 1200 and submit the application.

Admissions Selection Process

Admissions Test

• Candidates may apply to the Programme based on their CAT 2023 / CMAT 2024 / NMAT 2023/ MAT 2023-24 / SNAP 2023 / XAT 2024 / GRE 2018-24 / GMAT 2018-24 scores.
• Candidates without such a test score must take the AMSOM Test.

Personal Interview

• Shortlisted candidates would be invited for a personal interview.
• The University will offer admission to the candidates who meet its standard performance requirements across all the selection components, as defined by the admissions committee, and as approved by the competent authorities.

Fee Structure

The tuition fee for the programme for the academic year 2023-2024 is INR 5,00,000 (INR 2,50,000 per annum) and INR 40,000 (INR 20,000 per annum) towards books/ course materials/ activity charges. 

Payment for Securing Admission: Selected candidates are required to pay the full fee for the first semester to confirm the admission.

Financial Aid, Scholarships and Fellowships

At Ahmedabad University, we believe that finances should not stand in the way of pursuing education. 

• All students will receive tuition support of INR 75,000 per year.
• Students needing additional financial assistance can opt for a Fellowship, under which they are required to undertake Teaching Assistantship under a faculty member assisting them in teaching. For students choosing the Fellowship option, the tuition support would increase to INR 1.25 lakh per year, thus reducing their tuition fees by 50% to INR 1.25 lakh per year.

Important Dates

Note: Admission to most seats get completed in early rounds. Please apply early.