Advanced Programme in Quantitative Finance (APQF1)
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Program Dates
21 May 2026 - 28 Nov 2026
Duration: 8 months
Residential: ₹ 4,80,000 + Taxes
Non-Residential: ₹ 4,50,000 + Taxes
Blended mode – Combination of IIMB Campus & live online
Last Date to Register: 1 May 2026
EEP Alumni Status
Participants who successfully complete the program will be granted IIMB EEP Alumni Status. For more details on EEP Alumni and the benefits, click here
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Overview
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.
Programme Highlights
The programme integrates on-campus immersion, live-online learning, real-world cases, masterclasses, and an applied Business Leadership Challenge to develop the strategic and technological capabilities needed to lead digital transformation.
2 Intensive Campus Immersions
Experience two transformative on-campus immersions combining strategic learning and real-world application
Business Leadership Challenge
Drive measurable outcomes through an applied leadership challenge rooted in real business scenarios
MasterClasses
Gain practical insights from industry leaders through interactive masterclasses
Innovation Centre Visit
Explore cutting-edge technologies and gain firsthand insight into how innovation fuels new digital products and services
Future-ready Perspectives
Build a future-ready mindset to navigate disruption, drive innovation, and sustain growth
Case-based Learning
Analyse real business challenges using case studies that bridge theory with practical application
Programme 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 |
Faculty
Professor 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.
Professor 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
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.
Professor 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.
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.
Programme Schedule (Tentative)
| Timings: Online sessions - Fri: 5:00PM to 7:45 (2 sessions) ; Sat: 9:00AM to 1:15PM (3 sessions) | ||||||
| In-person sessions: 9:00AM to 5:00PM | ||||||
| Days | Start Date | End Date | Mode of delivery |
# Programme Days |
#sessions | |
|---|---|---|---|---|---|---|
| 1 | Thu-Sat | 21-May-26 | 23-May-026 | In-person | 3 | 15 |
| 2 | Fri-Sat | 29-May-26 | 30-May-26 | Live online | 2 | 5 |
| 3 | Fri-Sat | 05-Jun-26 | 06-Jun-26 | Live online | 2 | 5 |
| Fri-Sat | 12-Jun-26 | 13-Jun-26 | Live online | 2 | 5 | |
| 4 | Fri-Sat | 19-Jun-26 | 20-Jun-26 | Live online | 2 | 5 |
| Fri-Sat | 03-Jul-26 | 04-Jul-26 | Live online | 2 | 5 | |
| 5 | Fri-Sat | 10-Jul-26 | 11-Jul-26 | Live online | 2 | 5 |
| Fri-Sat | 17-Jul-26 | 18-Jul-26 | Live online | 2 | 5 | |
| 6 | Fri-Sat | 31-Jul-26 | 01-Aug-26 | Live online | 2 | 5 |
| Fri-Sat | 07-Aug-26 | 08-Aug-26 | Live online | 2 | 5 | |
| 7 | Fri-Sat | 21-Aug-26 | 22-Aug-26 | Live online | 2 | 5 |
| Fri-Sat | 11-Sep-26 | 12-Sep-26 | Live online | 2 | 5 | |
| 8 | Fri-Sat | 18-Sep-26 | 19-Sep-26 | Live online | 2 | 5 |
| Fri-Sat | 25-Sep-26 | 26-Sep-26 | Live online | 2 | 5 | |
| 9 | Fri-Sat | 09-Oct-26 | 10-Oct-26 | Live online | 2 | 5 |
| Fri-Sat | 23-Oct-26 | 24-Oct-26 | Live online | 2 | 5 | |
| 10 | Fri-Sat | 30-Oct-26 | 31-Oct-26 | Live online | 2 | 5 |
| Fri-Sat | 06-Nov-26 | 07-Nov-26 | Live online | 2 | 5 | |
| 11 | Fri-Sat | 13-Nov-26 | 14-Nov-26 | Live online | 2 | 5 |
| Fri-Sat | 20-Nov-26 | 21-Nov-26 | Live online | 2 | 5 | |
| 12 | Thu-Sat | 26-Nov-26 | 28-Nov-26 | In-person | 3 | 15 |
| 13 | ||||||
| Valedictory date (tentative): | ||||||
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 Charges
| Fee type | Residential seat (excluding GST) | Non-residential seat (excluding GST) | Due date |
|---|---|---|---|
| APQF1 Confirmation fee | 100000 | 100000 | On seat confirmation |
| APQF1 First instalment fee | 100000 | 100000 | On admission |
| APQF1 Second instalment fee | 140000 | 125000 | 30-Jun-26 |
| APQF1 Third Instalment fee | 140000 | 125000 | 31-Aug-26 |
Testimonials
On successful completion of this programme, participants gain the IIMB Executive Alumni status.
The privileges of this exclusive community include:
Strategic Career Shift
"The Executive General Management Programme provided the strategic tools I needed to transition from a functional role to a leadership mindset. The campus immersions and peer networking were truly transformative."
— Senior Manager, Operations
Practical Leadership Insights
"IIMB’s faculty brings incredible depth to complex business challenges. The Business Leadership Challenge allowed me to apply classroom theory directly to my organization's growth strategy."
— Director, Financial Services
Invaluable Professional Network
"A perfect blend of academic rigor and practical insight. Earning IIMB EEP Alumni Status has opened doors to a professional community that is second to none."
— Tech Entrepreneur
Future-Ready Growth Mindset
"The focus on digital transformation and innovation helped me navigate industry disruptions with confidence. This program is essential for anyone looking to stay ahead in a fast-evolving global market."
— Head of Digital Strategy
FAQs
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Sample Certificate
Certificate
After successful completion of this programme,
you will be awarded an IIMB Executive Education Certificate, formal recognition of your
professional development.
Related Programmes
On successful completion of this programme, participants gain the IIMB Executive Alumni status.
The privileges of this exclusive community include:
Community and Network Access
Gain access to the Executive Alumni portal and LinkedIn group, fostering continued engagement within a distinguished professional community of global leaders.
Professional Recognition and Support
Receive official IIMB EEP Alumni credentials, including a dedicated email ID and ongoing support from the executive education team for your career journey.
Learning and Knowledge Resources
Stay updated with curated newsletters, exclusive IIMB research, and institutional knowledge resources designed to support lifelong learning long after your program concludes.
Beyond the Classroom
Participate in masterclasses led by industry experts and enjoy a 10% fee benefit on future IIMB Executive Education programmes to continue your growth.