QUANTITATIVE

FINANCE COHORT’25

“ENGAGE IN INTERESTING ACTIVITIES, RESEARCH WORKS

AND PRACTICAL PROJECTS!”

NOT A COURSE! WE BUILD

QUANTS!

CONTACT US:
92899 48389
operations@quantij.in
 QFC’25

ABOUT
QFC’25
At QFC’25, we’re not just offering another finance course — we’re
building a community driven ecosystem where learning is
immersive, collaborative, and future-ready. Our goal isn’t to sell
content, but to nurture thinkers and doers who are passionate
about mastering the field of Quantitative Finance.

What makes QFC’25 unique is its holistic learning experience.

You’ll explore complex concepts through simplified live lectures,
carefully selected books and research papers, and an industry-
aligned curriculum that reflects real-world applications. Learning
here goes beyond theory — it's about hands-on exploration,
curiosity-driven novel projects (and not just copy-paste), and
peer-to-peer engagement.

This year, we’re excited to have a diverse cohort of participants,

including experienced quants finance professionals, who bring
unique perspectives and collaborative opportunities. Whether
you're solving problems together or building models side-by-side,
the peer network is an integral part of the journey.

And as the field evolves, so do we. QFC’25 is actively integrating

the power of Generative AI into our curriculum — helping you
stay ahead of the curve and explore how AI can shape the future
of finance.

In short, QFC’25 isn’t just a learning experience — it’s a

launchpad for your journey into the world of quantitative finance.
We are more than excited to host you at QFC’25!
 QFC’25

OUTCOME AND COHORT

SPECIALITY

12+ Novel Quant Projects

Advanced and Deep Curriculum

Practical Implementation of Theory

Quant Trading and Quant Development Webinars

Multiple Probability Bootcamps

Duration: 150+ Hours

Group Activities
 QFC’25

COHORT
CURRICULUM
Mathematics
PRIMERS:

Linear Algebra, Calculus, Probability, Statistics, Numerical Method,

Stochastic Calculus

MATRIX COMPUTATIONS:

Linear systems, LU decompositions, positive definite systems,

Cholesky decomposition - sensitivity analysis;

Gram-Schmidt orthonormal process, singular value decomposition

(SVD), polar decomposition, Moore-Penrose inverse;

Rank deficient least squares problems; Sensitivity analysis of least-

squares problems;

Review of canonical forms of matrices; Sensitivity of eigenvalues

and eigenvectors.

Reduction to Hasenberg and tridiagonal forms; Power, inverse

power and Rayleigh quotient iterations;

Explicit and implicit QR algorithms for symmetric and

nonsymmetric matrices; Reduction to bidiagonal form; Golub-
Kahan algorithm for computing SVD.
 QFC’25

COHORT
CURRICULUM
Stochastic Calculus
PRIMERS:

Random Walk, Weiner Process, Markov Chain, Martingale,

Stochastic Differential Equation, Ito’s formula, Probability
Measures, Change of measures, Radon-Nikodym Derivatives,
Girsanov theorem, Ito’s Integral, Fractional Brownian Motion,
Gyongy’s theorem, multivariable stochastic calculus, Feynman-
Kac theorem and its applications.

MONTE CARLO SIMULATION:

Monte Carlo, Variance reduction techniques like using

antithetic variables, control variates etc.

Derivatives Pricing
Options Basics, Arbitrage and Hedging, Option Payoff Structures,
Time Value and Intrinsic Value, Put-Call Parity, Introduction to
Greeks, Black-Scholes Model Assumptions, Derivation of Black-
Scholes PDE, Risk-Neutral Valuation, Numerical Solutions to
Black- Scholes (Finite Difference, Binomial Trees, Monte Carlo
Simulations), Delta, Gamma, Vega, Theta, and Rho (First Order
Greeks), Second- Order Greeks (Vanna, Charm, Vomma), Volatility
Smile and Skewness, Kurtosis in Options, Implied Volatility and
Volatility Surface, Exotic Options (Barrier, Lookback, Asian,
 QFC’25

COHORT
CURRICULUM
Digital), Pricing Exotic Options (Monte Carlo and PDE methods),
American Option Pricing (Finite Difference and Binomial
Methods), Model Calibration Techniques,
American Monte Carlo Method [Longstaff and Schwartz
Simulation], Carr-Madan Formula.

FINITE DIFFERENCE METHODS IN PRICING

Implicit, Explicit and CN method of solving PDE for Vanilla

options, American options, Barrier options and their stability
criteria

Volatility Models
Introduction to Volatility Models, Implied Volatility Basics,
Volatility Smile and Skew,
Local Volatility Models, Deriving Dupire's Formula, Numerical
Implementation of Dupire's Formula, Relationship between Local
Volatility and Implied Volatility, Understanding Volatility
Surfaces, Calibration of Local Volatility Models, Stochastic
Volatility Models, Heston Model Introduction and Derivation,
Heston Model Parameter Estimation (Maximum Likelihood,
Method of Moments), Solving Heston Model (PDE and Monte
Carlo Methods), Volatility of Volatility, SABR Model Basics,
Calibration of SABR Model, Comparison between Local and
Stochastic Volatility Models, Local Stochastic Volatility Models,
Bridging Local and Stochastic Volatility (LSV),
 QFC’25

COHORT
CURRICULUM
Calibration of Local Stochastic Volatility Models, Bergomi-Guyon
Model, Pricing under Local Stochastic Volatility, Managing
Volatility Risk, Applications of Volatility Models in Option
Pricing

Interest Rates
Introduction to Bonds and Fixed Income Securities, Bond Pricing
Basics, Zero-Coupon Bonds (ZCB) and Yield Calculation, Coupon
Bonds and Pricing Formulas, Yield to Maturity (YTM) and Yield
Curves, Spot Rates and Forward Rates, Bootstrapping Yield
Curves, Constructing Discount Curves, Par Yield and Par Yield
Curve, Duration and Convexity, Modified Duration and Interest
Rate Sensitivity, Introduction to Interest Rate Models, Short Rate
Models (Vasicek, CIR, Hull-White), Calibration of Short Rate
Models, Pricing Bonds using Short Rate Models.
Two factor Interest Rate Models, Heath-Jarrow-Morton (HJM)
Framework, Forward Rate Models, Libor Market Model (LMM),
Interest Rate Derivatives Basics, Forward Rate Agreements
(FRAs), Swaps (Interest Rate Swaps, Currency Swaps), Pricing
Interest Rate Swaps, Swap Curve Construction, FX Swaps and
Cross Currency Swaps, Options on Bonds, Jamshidian
Decomposition, Swaptions and their Pricing, Black Model for
Swaptions, Caps and Floors(Basics and Pricing), Caplets and
Floorlets,Implied Volatility in Interest Rate Derivatives,
 QFC’25

COHORT
CURRICULUM
Convexity and Timing Adjustments in Swaps, Structured Interest
Rate Products, Managing Interest Rate Risk, Applications of
Interest Rate Models in Risk Management and Hedging, Recent
Developments in Fixed Income and Interest Rate Derivatives.

Portfolio Optimization
Introduction to Portfolio Theory, Expected Return and Risk,
Variance-Covariance Matrix Construction, Mean-Variance
Optimization (MVO), Efficient Frontier and Capital Market Line
(CML), Risk-Return Trade-Off, Constraints in Portfolio
Optimization,

Introduction to Factor Models (Single-Factor and Multi-Factor

Models), Fama-French Factor Model, Principal Component
Analysis (PCA) in Portfolio Construction, Black-Litterman Model
Basics, Bayesian Approach to Portfolio Optimization, Incorporating
Views in Black-Letterman Model,

Covariance Matrix Adjustment in Black- Letterman, Entropy

Pooling for Portfolio Optimization, Combining Views with
Entropy Pooling, Sequential Entropy Pooling, Practical
Implementations of Entropy Pooling, Robust Portfolio
Optimization, Shrinkage Methods for Covariance Estimation, Risk
Parity and Equal Risk Contribution Portfolios Techniques
 QFC’25

COHORT
CURRICULUM
Market and Credit Risk
Introduction to Market and Credit Risk, Market Risk
Metrics(Volatility, Beta, Drawdown), Value at Risk (VaR) -
Historical,Parametric, and Monte Carlo Methods, Expected
Shortfall (CVaR), Backtesting and Stress Testing for VaR, Credit
Risk Fundamentals, Probability of Default (PD),

Loss Given Default (LGD), Exposure at Default (EAD), Credit

Exposure Measurement, Credit Migration and Rating Transitions,
Counterparty Credit Risk (CCR), Credit Valuation Adjustment
(CVA) and Wrong-Way Risk, Debt Valuation and Spread Analysis,
Credit Default Swaps (CDS) - Basics and Pricing, Credit Spread
and Default Probability, Credit Risk Models (Structural and
Reduced-Form Models),

Merton and KMV Models, Basel Accords - Regulatory

Requirements for Market and Credit Risk, Capital Adequacy and
RWA Calculation, Applications of Machine Learning in Risk
Management, Recent Trends in Market and Credit Risk
Management
 QFC’25

FINAL
UTCOME
At QFC’25, we believe in building capability over hype.

We won’t sell you dreams or guarantee placements — because

that’s not what we’re about. What we offer is a rigorous, hands-
on learning experience that empowers you to deeply
understand Quantitative Finance.

Where you take that knowledge — whether it’s into top hedge
funds, trading firms, banks, consulting firms, fintechs, or
research labs — is entirely up to you.

We give you the tools, the mentorship, the peer network, and
the platform.

You build the future!

 QFC’25

REGISTER
April 2025
NOW!

January 2026

Programming Language: Python

Prerequisite: Motivation to work hard

Recording Access: Lifetime

Quant Resources, Lecture Notes, Model

Implementations

www.quantij.in