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Awarded by Part of
Real-world financial Contents
engineering
“Finance is an increasingly sophisticated About the CQF........................................................................ 3
and competitive sector to work in and
the demand for education in quantitative
Your CQF journey.................................................................. 4
finance has never been greater. With a Diverse delegate profile........................................................ 6
focus on the practical implementation of
quantitative techniques, the Certificate in
CQF alumni community........................................................ 7
Quantitative Finance (CQF) is taught by Flexible program delivery..................................................... 8
leading practitioners and is designed to
help you advance in the financial landscape.
Preparation............................................................................... 9
Once you qualify, our ever-expanding CQF program content ........................................................10
Lifelong Learning library will support you
throughout your career.
Advanced electives..............................................................12
Lifelong Learning..................................................................14
To date, more than 4500 professionals
worldwide have completed the program and Online learning resources...................................................15
the Certificate has gained global recognition
CQF faculty............................................................................16
as the benchmark qualification for anyone
in, or aspiring to enter, the sphere of Joining the program.............................................................19
quantitative finance.“
FAQs........................................................................................20
CQF Institute.........................................................................22
Founded by Dr. Paul Wilmott, the Certificate in Quantitative Finance program is now in its 16th year. Over
the years thousands of professionals from across the globe have joined the CQF program to help them master
practical, real-world financial engineering techniques and to get ahead in their field.
Three optional primers – to refresh your mathematical, finance and programming skills ahead of the program.
Six modules and advanced electives – to give you the tools and skills needed to succeed in quant finance.
Lifelong Learning library – to keep up to date on the latest quant finance techniques throughout your career.
The CQF focuses on analyzing practical quant finance techniques used in the industry to ensure that the skills
you learn can be immediately put into practice. The program is constantly evolving to reflect current employers’
needs and comprises a fully comprehensive syllabus covering quant finance as well as advanced machine learning
techniques. Awarded by the CQF Institute, the program is delivered by Fitch Learning, a leading global training
company with centers in London, New York, Singapore, Hong Kong and Dubai.
Career-long learning is essential for career- Today’s professionals need flexible, online
long success learning
• We support you throughout your career by • The CQF offers you unparalleled flexibility by
giving you access to our ever-expanding earning the qualification part time, online and
Lifelong Learning library and networking you may take up to three years to complete
opportunities with like-minded professionals. your studies.
3
Your CQF journey
Supporting you beyond the program
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Find out more about the CQF program Submit your application online at We offer three optional primers that are
by attending one of our live information www.cqf.com/apply. You will receive designed to help get you up to speed
sessions or global online webinars, a decision regarding your application ahead of the program.
where you can: within 48 hours.
Mathematics – Covers mathematical
• Meet members of the faculty Should you have any questions preliminaries used within quant finance.
• Discuss details about the program about the application process,
Python Programming – Introduces
• Find out more about your career contact us at info@cqf.com or call
scientific computing in Python to enable
options +44 (0)845 072 7620.
new users to begin implementing
Register for an information session at models.
www.cqf.com. Finance – Introduces key concepts and
asset classes needed for quant finance.
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Study options available to you: We invest in the future of our CQF alumni by offering a free
continuing professional development (CPD) program, called
Full Program – complete the program in six months
Lifelong Learning. It is designed to support you throughout
Level I & Level II – complete the program in two three- the whole of your career. Lifelong Learning consists of:
month levels
Lectures – A library of over 900 hours of lectures on every
Each module covers a different aspect of quantitative finance conceivable finance subject with regular new additions on
and consists of lectures and discussions. At the end of the latest topics and techniques being used in the industry.
modules two, three and four, delegates take a written exam.
Masterclasses – Over 100 hours of additional material to
At the end of module six delegates complete a practical
help you delve deeper into subjects.
project, developing implementation skills, supported by their
choice of advanced electives. Certificate in Mathematical Methods (CM2) – An intensive
course of 51 recorded lectures (equivalent to more than the
Module One – Building Blocks of Quantitative Finance
first two years of a university mathematics degree).
Module Two – Quantitative Risk and Return
C++ – Over 70 hours of tuition across 28 recorded sessions
Module Three – Equities and Currencies covering the theory of design and translating pricing models
into working C++ code.
Module Four – Data Science and Machine Learning I
Module Five – Data Science and Machine Learning II
Module Six – Fixed Income and Credit
Advanced Electives – Choose two from a range of electives
Final Exam for Distinction (Optional) – The final three-hour
examination takes place in exam centers worldwide. Delegates
who score 80% or above receive a distinction grade.
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Diverse delegate profile
Background and occupation
CQF delegates come from a rich diversity of different backgrounds and responsibilities, bringing a
wealth of experience to the program.
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CQF alumni community
An influential network of quant professionals
The CQF alumni network is an exclusive global community, which consists of over 4500 quantitative finance
professionals in more than 90 countries.
Amit Marwaha
Previous qualification: MBA Finance, The University of Texas at Austin
Current position: Equity Research Analyst, Fidelity Investments
“The CQF was a good way of improving my math while working at the same time. The CQF has definitely had an
impact on my job. It has given me the information, tools and the knowledge necessary to speak to clients and price
assets in an effective manner.“
Anuj Gupta
Previous qualification: MPhil in Advanced Chemical Engineering, University of Cambridge
Current position: Executive Director, Quantitative Research, JPMorgan Chase & Co.
“The CQF not only teaches you the mathematics underpinning the different financial models, it also highlights their
main assumptions and potential dangers. It has certainly helped me enhance my career aspirations while keeping
abreast with cutting-edge modeling developments.“
Elias-John Kies
Previous qualification: HBBA, Business, Wilfrid Laurier University
Current position: Director of Data Analytics and Integration, Bloomberg
“I had a firm grasp on market fundamentals yet yearned for a deeper technical perspective to analyze the increasingly
complex capital markets. The CQF filled this gap perfectly. The value of the CQF increases every day as extra lectures
are continually added. I highly recommend the CQF to any serious investment professional.“
7 www.cqf.com/cqf-alumni
Flexible program delivery
Two study options
The CQF program comprises six modules and advanced electives, which will need to be completed to obtain the
CQF qualification. You can start the program in either January or June. Dedicated to delivering flexible learning,
the CQF offers two study options so you can decide how to take the program. Additionally, you have up to three
years to complete the CQF at no extra cost.
CQF LIFELONG
PREPARATION
QUALIFICATION LEARNING
LEVEL I
OPTIONAL
PRIMERS:
• MATHEMATICS FULL CONTINUING
• PYTHON
+ OR PROGRAM PROFESSIONAL
DEVELOPMENT
PROGRAMMING
• FINANCE
LEVEL II
Level I
Level I will give you an understanding of the essential tools needed in the industry. Access to the program preparation and the
CQF App are just some of the benefits you will receive. Upon completing this level, you will have an excellent knowledge of the
mathematical tools and concepts used in quant finance, covering areas of quantitative asset management and risk management,
progressing onto pricing of equities and currency derivatives.
Level II
Building on the key skills and knowledge of Level I, Level II will deepen your understanding and further your practical skills, leading
you to completion of the CQF. Level II provides the opportunity to complete an applied project as well as access to expansive
knowledge and topical information with Lifelong Learning. Through completion of Level II, your knowledge will cover data science
and machine learning, fixed-income products, interest rate modeling, and latest techniques used in credit modeling. You will also
have the opportunity to specialize by choosing advanced electives relevant to your current or future workplace.
8
Preparation
Get ready with program primers
The CQF program begins with three optional primers in Mathematics, Python Programming and Finance. These
primers each include up to 12 hours of intensive training, should you need it. They have been designed to give
you all the preliminaries you need to know and to bring you up to speed ahead of the program.
Mathematics Primer
Covers mathematical preliminaries needed before
commencing the CQF program.
• Calculus
• Differential Equations
• Linear Algebra
• Probability
• Statistics
Finance Primer
Introduces key concepts and different asset
classes needed for the CQF program.
• Macro Economics
• Capital Markets Fundamentals
• Introduction to Money Markets
• Time Value of Money
• Introduction to Financial Assets
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CQF program content
Outlining the modules
The core program is made up of six modules and advanced electives. Modules two, three and four are
examined. At the end of module six all delegates have to complete a practical project and apply their theoretical
knowledge to real-world problems.
MODULE ONE
• Taylor Series
• Central Limit Theorem
• Partial Differential Equations
• Transition Density Functions
• Fokker-Planck and Kolmogorov
• Stochastic Calculus and Itô’s Lemma
• Manipulating Stochastic Differential Equations
• Martingales
• The Binomial Model for Asset Prices
FULL PROGRAM
MODULE FOUR
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MODULE TWO MODULE THREE
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Advanced electives
Specialize in your field
The CQF program offers you the opportunity to specialize further by choosing from our range of
advanced electives, allowing you to develop your skills with your career objectives in mind.
For more information about advanced electives and to view the full outline, please visit
www.cqf.com/program.
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Behavioral Finance for Quants R for Quant Finance
This elective will equip delegates with the tools to identify R is a powerful statistical programming language,
key psychological pitfalls, use their mathematical skills to with numerous tricks up its sleeves making it an ideal
address these and build better financial models. environment to code quant finance and data analytics
applications.
• System 1 vs System 2
• Behavioral Biases; Heuristic Processes; Framing Effects • Install R and R Studio and Navigate to Unleash the
& Group Processes Power of R and Stay Organized
• Loss Aversion vs Risk Aversion; Loss Aversion; SP/A • Understand Data Structures and Data Types
Theory • Use Some of R’s Most Useful Functions
• Linearity and Nonlinearity • Write Your Own Scripts and Code
• Know How to Deal with Some of R’s “Loveable Quirks”
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Lifelong Learning
Continuing professional development throughout your career
Our free Lifelong Learning program for alumni contains a library of over 900 hours of lectures on every conceivable
finance subject. Delivered by some of the most eminent practitioners and academics, the content is ever expanding,
with additional lectures continually taking place. You will gain permanent access to CQF lectures and the entire
Lifelong Learning library, allowing you to further your professional development at no additional cost.
LECTURES MASTERCLASSES
• Largest component of Lifelong Learning • Delve deeper into specific subjects with one or
two-day courses delivered by experts such as
• Library of over 900 hours of lectures delivered
Dr. Paul Wilmott, Dr. Claudio Albanese, Dr. Wim
by eminent practitioners and academics
Schoutens
• Ever-expanding and up-to-date content
• Over 100 hours of recorded material
Lilan Li
Current position: Chief Model Risk Quant, Nordea
“Lifelong Learning is very important to me and the CQF is outstanding
compared to alternatives. I will continue learning from the masterclasses and
extra lectures because for me learning is key and I enjoy doing it all the time.”
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Online learning resources
Study in your own time
The CQF is at the forefront of interactive online learning and is continually developing new methods and tools as
our global audience expands. Our comprehensive online learning portal gives you permanent access to all of the
recorded lectures and program materials. We also offer a CQF App, which enables you to access learning
materials on iOS and Android devices.
CQF App
The CQF App demonstrates our dedication to deliver innovative
solutions for online learning.
The App can be downloaded onto any iOS or Android device
and gives you access to the primers and lectures as the program
progresses.
Faculty Support
We are committed to your success and provide a range of
support throughout your studies.
• Weekly online problem-solving classes
• Workshops
• Tutor helpdesk
• Live one-to-one interactive lecturer support
• Dedicated CQF forum
15 www.cqf.com/lifelong
CQF faculty
World-renowned practitioners and academics
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Dr. Patrick Hagan Dr. Si-Yi Zhou
Patrick received his BS and PhD in Applied Si-Yi is an Associate Lecturer for the CQF. He
Mathematics from Caltech. He has worked at teaches applied quantitative finance in volatility
Bloomberg and several banks designing trading arbitrage, stochastic interest rate models and
systems for fixed income, credit, and foreign credit derivative pricing and risk management.
exchange derivatives, as well as developing the Before joining Fitch Learning, Si-Yi worked as a
component models, calibration methods, and Senior Risk Analyst in a City of London-based
numerical algorithm. He has also worked at consulting firm, providing constructive solutions
Exxon Science Laboratories, and has taught at to leading banks and insurance companies. He
Caltech, Stanford, the Institute for Mathematics has worked on many projects in counterparty
and its Applications, and NYU. credit risk and market risk management.
17 www.cqf.com/lecturers
CQF ALUMNI PROFILE
Name: Stewart Button
Previous qualification: Bachelor of Engineering with First-class Honors, University of Tasmania
Current position: Senior Quantitative Analyst/Developer – Algorithmic Trading and Risk Management,
Onyx Financial
The CQF has helped me look inside the world of financial markets, derivatives and
risk management systems to gain an insight which would not be possible through
practice alone. The program has given me the tools to price financial instruments and
systematically manage market and credit risk with confidence.
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Joining the program
What’s included and how to apply
Application steps
The application process comprises three simple stages. Should you have any questions about the application process,
email info@cqf.com or call +44 (0)845 072 7620.
19 www.cqf.com/apply
FAQs
Questions and answers
How do I begin my CQF studies? How long are the lectures, and what is
You start by applying online at www.cqf.com. Applying to the expected of me each week?
CQF is free. Once completed you will be contacted within 48 There are typically two live lectures that each run for 2.5
hours by a member of our admissions team indicating your hours per week. You can participate in the live broadcast
preliminary acceptance. You begin your program when you or watch them at your own convenience using the CQF
submit your enrollment form and make your initial payment. Learning Portal or CQF App. We also recommend you allow
approximately 10 hours of additional study a week.
How will I benefit from earning the CQF?
The Certificate in Quantitative Finance (CQF) is the world’s How do I become CQF qualified?
largest professional qualification in quantitative finance. The You earn the CQF qualification by completing module exams
globally recognized program will help you develop practical, and submitting a practical project. There is also the option of
market-ready skills you can apply today and in the future. sitting a comprehensive examination for distinction. You may
defer any, or all, of your examinations to a later cohort. You
How long is the program? have a three-year window to complete the program.
The CQF program can be completed in six months. We are
dedicated to flexibility and offer two study options: What happens if I fail an exam?
Full Program If you are struggling with a module, contact us to receive
The program can be taken in full by completing the six one-to-one support from a member of the CQF faculty. If you
modules and chosen electives in six months. fail one of your exams, you can either retake the examination
or defer to the next cohort. There is no extra cost for retakes
or or deferrals.
Level I & Level II
Complete the CQF in two levels of three months per level When does the program start?
within six cohorts. Level I consists of the primers and
The program is delivered twice a year, commencing in January
modules one to three. Level II consists of modules four to six,
and in June.
advanced electives and Lifelong Learning.
Do I have a sufficient math or technical What are the admissions criteria for the CQF
background to join the CQF? program?
Our admissions team looks at the academic and professional
Delegates come to the CQF with a range of backgrounds
background provided in your application form to determine
and experience. If your math is a bit “rusty” or you don’t
your suitability for the program.
think you have the finance or programming skills required
for the CQF, we offer Mathematics, Finance and Python
Programming primers. These optional primers are included in How long will it take to receive a decision on
your enrollment fees and are designed to refresh your skills my application?
ahead of the program.
The CQF Admissions team will notify you within 48 hours
indicating your preliminary acceptance onto the program.
How much does the CQF cost?
For details and a breakdown of costs, please visit our website Can I get one-to-one help from faculty?
at www.cqf.com/fees.
Our faculty members are on hand to answer your questions
For those who are unemployed or full-time students, the and guide you. If you’re struggling with a module, you can
Wilmott Scholarship covers a portion of the tuition fees. contact us and a member of our faculty will be in touch to
provide one-to-one support.
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How do I participate in the lectures? How long will I have access to the lectures?
All CQF lectures are broadcast live from our London or New Delegates have permanent access to the recorded lectures on
York training center, and are recorded and made available to the CQF Learning Portal, including Lifelong Learning and the
all delegates on the CQF Learning Portal and the CQF App latest CQF syllabus.
within 24 hours.
Do you have questions you want to ask us?
What equipment do I need to view the If you have more questions, sign up to one of our information
lectures live or recorded? sessions online at www.cqf.com. Sessions consist of a one-
hour presentation by the CQF Program Director followed by
You can view the live or recorded lectures using a computer
a Q&A.
or mobile device with internet access. We recommend you
have a minimum internet bandwidth of 1Mbps to ensure you
can view the content uninterrupted.
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CQF Institute
Educating the quantitative finance community
Promoting the highest standard in practical financial engineering, the Institute provides a platform for educating
and building the quantitative finance community around the globe. Part of Fitch Learning, the CQF Institute is the
awarding body for the Certificate in Quantitative Finance.
Since 2003, the CQF community has become the fastest-growing global network of professionals working in the
quant finance industry. The Institute organizes key industry events, including workshops and conferences, and is
an online resource for keeping its members up to date on the latest quant finance industry practices.
Societies
The CQF Institute has a growing number of active societies across the world available to its members. Societies offer an
opportunity to be part of a local community of quantitative finance professionals. With regular meet-ups and exclusive events
being held, societies provide a great chance to network and share ideas with like-minded people.
Zurich Toronto
www.cqfinstitute.org 22
The program was helpful because I was able to apply the theoretical
knowledge I had before to the practical problems you encounter in
real life. It gives you a broad spectrum of knowledge and you can apply
whatever is necessary to your current role.
Salvatore Stefanelli, CQF alumnus
Certificate in Quantitative Finance
www.cqf.com
Americas:
Tim Johnson
tim.johnson@fitchlearning.com
+1 646 943 6210
Asia Pacific:
Ben O’Malley
ben.omalley@fitchlearning.com
+ 65 6572 9792
Europe, MEA:
Kevin Brind
kevin.brind@fitchlearning.com
+44 (0)20 7496 8422
UK:
Sophie Shepherd
sophie.shepherd@fitchlearning.com
+ 44 (0)20 7496 8620
www.cqf.com/linkedin www.cqf.com/twitter
www.cqf.com/facebook www.cqf.com/youtube