BS in Physics - MS in Quantitative Finance

Skills in developing mathematical models gained through rigorous training in an undergraduate Physics programme could be useful in modelling other systems e.g. financial markets. This is one of the reasons why many, with basic training in theoretical and computational Physics, for instance, are able to work as Quantitative Research scientists and develop trading algorithms eventually. The BxMx Programme offering BS in Physics and MS in Quantitative Finance allows undergraduates interested in pursuing Physics this transition seamlessly and earn the two degrees in five years instead of six.

The BxMx Programme is aimed at creating flexible employment opportunities for students at the graduate level of education through an interdisciplinary approach that helps students develop a diverse skill set that combines mathematical modelling, data analysis, and critical thinking. Physics offers valuable tools for understanding complex systems, which can be applied to financial and economic models. It also provides a strong foundation in mathematical modelling, which can be extended to develop sophisticated models for financial markets, and a deeper understanding of the underlying principles of financial models, risk management, and derivative pricing. They can contribute to research areas such as market microstructure, econophysics, behavioural economics, and quantitative risk analysis. Graduates with expertise in physics, quantitative finance, and quantitative economics can explore various career paths in quantitative trading, risk analysis, financial engineering, economic consulting, data analysis, and research.

Programme Outcomes

  • Strong foundation in mathematical and analytical skills: By combining physics with quantitative finance and economics, students develop a robust understanding of mathematical modelling, data analysis, and problem-solving techniques. They acquire a solid foundation in calculus, statistics, and other mathematical tools that are essential in these fields.
  • Expertise in financial and economic modelling: Students gain the knowledge and skills to apply physics-based modelling techniques to financial and economic systems. They learn how to build and analyse complex models to understand the behaviour of financial markets, asset pricing, risk management, and economic indicators.
  • Cross-disciplinary perspective: Integrating physics with finance and economics provides students with a unique interdisciplinary perspective. They develop the ability to approach problems from different angles and apply insights from one field to another. This interdisciplinary mindset can be valuable in various career paths and research endeavours.
  • Career opportunities in finance and economics: Graduates of such a programme can pursue a wide range of career opportunities in the finance and economics sectors. They can work in quantitative research, algorithmic trading, risk management, financial modelling, economic consulting, and other related fields. The strong analytical skills and quantitative background make them highly sought-after by employers in these industries.
  • Academic and research pathways: Some students may choose to continue theirstudies at the gradual te level or pursue research in areas that bridge physics, finance, and economics. They can contribute to advancements in financial and economic modelling, develop innovative quantitative strategies, or explore new applications of physics principles in finance and economics.
  • Entrepreneurial ventures: The integration of physics, finance, and economics can inspire students to identify innovative business opportunities and start their own ventures. They may use their knowledge to develop new financial instruments, design algorithmic trading strategies, or create data-driven solutions for economic analysis and forecasting. Overall, an educational programme that integrates physics with quantitative finance and economics equips students with a unique skill set and perspective that can open up diverse career opportunities and avenues for further research and innovation.

Programme Must Knows

Offered by School of Arts and Sciences and Amrut Mody School of Management
Programme The BxMx Programme (Dual Degree)
Degree Bachelor of Science in Physics and Master of Science in Quantitative Finance
Minimum Programme Credits 180*

Curriculum Structure (BS in Physics and MS in Quantitative Finance)

BS in Physics

MS in Quantitative Finance