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L26012

Advanced Programme in Quantitative Finance (APQF1)

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Programme Dates Last Date to Apply Programme Fees

Venue
Start Date : 21-May-2026
End Date : 28-Nov-2026		 1-May-2026

Rs. 4,50,000/- (Non-residential, excluding GST)

Rs. 4,80,000/- (Residential, excluding GST) 

 

Blended mode – Combination of IIMB Campus & live online 

 

Independent Director Certificate Programme

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Important Dates

Last date to apply: 1-May-2026

Programme commencement date: 22-May-2026

Programme end date: 5-Dec-2026

 

 

Mode
Blended
Starting In
Apr-June
Level
Mid- Senior/Career, Mid-Career, Mid-Senior
Duration
Long Duration
International Travel
No
Alumni Status
No

Advanced Programme in Quantitative Finance (APQF) blends mathematical and statistical techniques with financial markets using practical examples and hands on market applications. It will prepare participants with practical financial market quantitative applications along with theory behind the models & methods. The program will utilize market software products and packages such as Bloomberg to produce market scenarios in financial instrument pricing and risk measurement. The participants will get equipped with software techniques used in econometric modelling, Quantitative Finance Models and Machine Learning. Participants will produce applicable results while working on their capstone project.

Program Objective

  • Fill in the gap between pure theoretical study and practical market application with financial software – based case studies and examples
  • Impart entry to mid – level market practitioners with theoretical and practical knowledge of quantitative techniques used in the financial markets
  • Fill in the demand from the market for trained analyst, trader and risk management experts.
  • Program will give theoretical knowledge with online lectures followed by on-campus personal training.
Course Outline – Details
1. Market Microstructure Global Capital Markets – FX, Fixed Income, Credit, Commodities
• Marketplaces – OTC and Exchanges
• Trading Mechanics
2. Basic Econometrics Statistical Models and Market Data
• Primer on Econometric Models
• ARMA to GARCH Models
• Curve Bootstrapping Techniques (SOFR)
• Volatility Models – Implementing GARCH
• Market Spreads and Correlations
3. Theory of Financial Instruments Cash and Derivatives Instruments
• FX and NDF
• Bonds – Sovereigns, Corporates, Inflation Linked
• Bond Forwards
• Forwards, Futures, Swaps
• Vanilla & Exotic Options
• CDS, TRS, CLO
4. Valuation Models Pricing Models – Deterministic & Stochastic
• Closed Form Models – Linear Instruments
• Simulation Models – Non-Linear Instruments
• Pricing a Spread Option
• Model Comparison and Selection
5. Financial Instruments Detailed mechanics of instruments – cash flows & sensitivities
• Pricing and Greeks
6. Financial Instrument Design with Bloomberg Bloomberg Built-in Instruments
• Swaps and Options
• Custom Instrument Design
• FX & Interest Rate Structures
7. Financial Instrument Payoff Scripting • Design a Custom Financial Instrument
• Bloomberg Scripting Interface
• Payoff Logic & Structures
8. Financial Instrument Analytics Hedging & Risk Management
• Derivatives Book Analytics
• Book Management Basics
9. Trading & Sales Desk Management • Hedging in the Marketplace
• Quoting Pricing Levels
• Sales & Trade Management
• Hedge Cost & Credit Charge
• CSA Agreements
10. Model Risk • Model Risk Framework
• Risk Measurement & Minimization
• Model Validation
11. Machine Learning Introduction to Machine Learning
• Approaches & Models
• Applications to Financial Markets
12. Accounting Accounting of Derivatives Book
13. Capstone Project Design a Financial Instrument or Book Analytics with Valuation

Programme Directors

 
Professor Sankarshan Basu
 
Profile: https://www.iimb.ac.in/user/56/sankarshan-basu
 
Professor Sankarshan Basu completed his PhD in Statistics from the London School of Economics and Political Science, UK (LSE) and brings expertise in data analysis, financial markets, instruments and financial management. He has been a visiting faculty at a number of institutes across the world. His research interests are in financial markets, financial instruments, quantitative finance and risk management. He not only studies these issues in the context of markets, products and regulatory aspects but also teaches the same at the post – graduate and PhD programs at IIMB. Further, he has also trained several executives and entrepreneurs in various executive education programs at IIMB. He has also actively consulted for a number of financial institutions in the country and serves as an independent director of a leading financial institution.

Sankarshan Basu is currently a Professor in the Finance and Accounting Area at Indian Institute of Management Bangalore (IIM Bangalore). He has been at IIM Bangalore since 2002. Between August 2022 and September 2023, he was also the Dean, Amrut Mody School of Management (AMSOM), Ahmedabad University while on leave from IIM Bangalore. At IIM Bangalore, Sankarshan has been the Chairperson of the Post Graduate Programme in Public Policy and Management (between April 2017 – March 2019), the Chairperson of Career Development Services (between April 2012 – March 2015) and Chairperson of Alumni Relations (between January 2007 – September 2011) at IIMB.

 

 
Professor Sumit Saurav
 
Profile: https://www.iimb.ac.in/user/252/sumit-saurav
 
Sumit Saurav is an Assistant Professor in the Finance and Accounting area at the Indian Institute of Management Bangalore (IIMB) and an IIMB Young Faculty Research Chair. He has completed his PhD from the Indian Institute of Management Ahmedabad. He holds an MBA from IIM Visakhapatnam and a BTech from the National Institute of Foundry and Forge Technology, Ranchi. His research interests include derivatives, financial markets, asset pricing, and banking. At IIMB, he teaches courses related to Corporate Finance, Investments, and Financial Markets in postgraduate, doctoral, and executive education programs.
 
 
Mr. Vitthal Kulkarni
 
 
Mr. Vitthal Kulkarni is an accomplished senior banking executive with recognized achievements across global financial services markets. Commercially astute with substantial international experience, and specialist business management expertise in valuations and risk analytics, dealer valuation support, market risk management and treasury information system analysis. 25+ years’ experience driving major techno-functional and software development projects at global banks to achieve significant transformation across international markets (London, Singapore and India). He was Head of Treasury Analytics function at the HDFC Bank in his recent assignment. He currently advises financial and deep tech companies on financial market analytics

Contact us

Email: ranjini.ks@iimb.ac.in

Ph: 080 2699 3264 / +91 8951974080

Who Should Attend

  • Mid-career professionals from banks, research houses, rating agencies, GCCs
  • Business owners – trading and sales, product control, risk management and back – office operations

Programme Schedule (tentative)

Programme Schedule
Sr. No Module Days Start Date End Date Mode of Delivery Programme Days No. of Sessions
1 Market Microstructure Fri–Sat 22-May-26 23-May-26 Live Online 2 5
2 Market Microstructure Fri–Sat 29-May-26 30-May-26 Live Online 2 5
3 Basic Econometrics Fri–Sat 05-Jun-26 06-Jun-26 Live Online 2 5
4 Basic Econometrics Fri–Sat 12-Jun-26 13-Jun-26 Live Online 2 5
5 Theory of Financial Instruments Fri–Sat 19-Jun-26 20-Jun-26 Live Online 2 5
6 Theory of Financial Instruments Fri–Sat 03-Jul-26 04-Jul-26 Live Online 2 5
7 Valuation Models Fri–Sat 10-Jul-26 11-Jul-26 Live Online 2 5
8 Valuation Models Fri–Sat 17-Jul-26 18-Jul-26 Live Online 2 5
9 Financial Instrument Design Fri–Sat 31-Jul-26 01-Aug-26 Live Online 2 5
10 Financial Instrument Design Fri–Sat 07-Aug-26 08-Aug-26 Live Online 2 5
11 Financial Instrument Design with Bloomberg Mon–Thu 17-Aug-26 20-Aug-26 In-person 4 20
12 Financial Instrument Analytics: Hedging & Risk Management Fri–Sat 11-Sep-26 12-Sep-26 Live Online 2 5
13 Financial Instrument Analytics: Hedging & Risk Management Fri–Sat 18-Sep-26 19-Sep-26 Live Online 2 5
14 Trading & Sales Desk Management Fri–Sat 25-Sep-26 26-Sep-26 Live Online 2 5
15 Trading & Sales Desk Management Fri–Sat 09-Oct-26 10-Oct-26 Live Online 2 5
16 Model Risk Fri–Sat 23-Oct-26 24-Oct-26 Live Online 2 5
17 Model Risk Fri–Sat 30-Oct-26 31-Oct-26 Live Online 2 5
18 Machine Learning Fri–Sat 06-Nov-26 07-Nov-26 Live Online 2 5
19 Machine Learning Fri–Sat 13-Nov-26 14-Nov-26 Live Online 2 5
20 Accounting of Derivatives Book Fri–Sat 20-Nov-26 21-Nov-26 Live Online 2 5
21 Accounting of Derivatives Book Fri–Sat 27-Nov-26 28-Nov-26 Live Online 2 5
22 Final Examination & Capstone Project Fri–Sat 04-Dec-26 05-Dec-26 Live Online 2 5

Valedictory Date (Tentative): 12 December 2026

How To Apply for the Programme

How to apply LDP

Certificate Sample

A part time programme certificate of completion will be awarded by IIMB to participants upon successful completion of the programme and satisfying programme requirements.

Sample Certificate:

Note: Certificate image is for reference to potential participants only and may change at the discretion of Executive Education Programmes Office

Programme fee and schedule

The programme fee is payable in three instalments as per the following schedule:

Please Note: *Please add GST at prevailing rates to the programme fee.