The Quantitative Finance Fellows program is for students interested in investments and in particular the software, hardware, and quantitative tools used in the financial services industry. Today, many careers in asset management (hedge funds, mutual funds, or financial advisors) require an extensive use of mathematics and statistics to analyze portfolios of stocks and bonds, beyond the traditional security analysis methods. Having such advanced statistical and modeling skills can greatly increase your marketability for high-paying jobs.
BMGT448G will expose students to common tools used to construct large financial data sets, using a variety of sources, and to analyze the data using both the SAS statistical suite and Microsoft Excel. The course is divided in two conceptual segments: Constructing financial data sets and Analyzing financial data sets. Students will also receive training in Bloomberg and Thomson Reuters Eikon.
Students will take BMGT442F (Advanced Portfolio Management) in the spring semester. This course will focus on quantitative methods of portfolio selection and is NOT a course on traditional security analysis. This course is very different from BMGT443 (Applied Equity Analysis and Portfolio Management); BMGT443 is "Fundamental Analysis" (classical ratios, such as the price to earnings ratio) and BMGT442 is "Quantitative Analyis," which uses purely statistical methods (regressions, portfolio theory, etc.) rather than analyzing the accounting statements of companies. In BMGT442F, students will use advanced econometric methods to form portfolios and backtest them to attempt to build a winning strategy.
Curriculum: one-year program
- Prerequisite: BMGT340 (Business Finance).
- Recommended (but not required): BMGT313 (Financial Statement Analysis) - Fall or Spring
- BMGT343 (Investments) required if not completed in a previous semester - Fall
- BMGT430 (Linear Statistical Models) required if not completed in a previous semester (Students with a 2nd major in ECON can substitute ECON422 for BMGT430) - Fall or Spring
- BMGT448G - Fall
- BMGT442F (previously BMGT448C, Advanced Portfolio Management) - Spring
- Finance Fellows Mentor Networking Night
- Finance Fellows Speaker Series
- Bloomberg and Reuters instruction
Students are required to attend Finance Fellows Networking Night in the Fall plus two other co-curricular events as approved by the Finance Fellows team.
Fellows Application Eligibility
- Must be a Finance Major. (You may apply if you are in the process of applying to Smith as a transfer student.)
- Rising junior or senior.
- Grade of B- or better in BMGT340 (may complete either in current spring semester and admission is provisional contingent upon satisfactory completion of BMGT340)
Application for Quantitative Finance Fellows for the 2015-2016 academic year are open January 5-February 9 at 11:59pm.
Access the application here using your UMD Directory ID and password.
Please note that you cannot save and go back to your application, so you should have your cover letter(explain why you want to be in this program and what you hope to gain from participating) and resume ready to upload.
Questions? Contact Emily Doane Heavin (firstname.lastname@example.org).