What is the scope of M.Sc in finance? Which are the good colleges in India offering the same? How can I take admission?

After a Masters in Quantitative Finance, you could pursue a career in the following areas: A front office or desk quant interacts with traders directly, and gives trading books an edge through different methods such as time-series analysis, and discovery of predictors/indicators. The objective is to determine prices, manage risk, and identify profitable opportunities. Algorithmic trading or structuring desks in the sales and trading divisions of banks. As an algorithmic trader you would develop trading strategies that exploit the inefficiencies in the market to create wealth, while an algorithmic structure typically builds the computational tools to model these trades. In portfolio analytics and risk management you would design the mathematical tools to construct optimal portfolios and manage their risks. Risk management has grown in importance in recent years, as the credit crisis exposed holes in the mechanisms used to ensure that positions were correctly hedged. A quantitative developer. You would develop robust and scalable implementations for the quantitative models that are created by the research guys. A model validation quant independently implements pricing models in order to check that models are correct. If you want to get into developing new quantitative models, then you will need a Ph.D. to break in JBIMS M.Sc. Finance programme-Best M.Sc. Finance programme in India SVKM'S NMIMS, Mumbai Gokhale Institute of Politics and Economics, Pune.

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