TRỤ SỞ CHÍNH

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Quantitative Finance and Risk Management

Quantitative Finance and Risk Management (QFRM) Major

Quantitative Finance is a new development direction of the financial field, closely combining knowledge of finance with knowledge of mathematics, data science, and programming languages.

On the foundation of common knowledge of the Banking and Finance industry, along with specialized courses of the major such as: Quantitative Finance, Quantitative Risk Management, Financial Modeling, Python Programming for Data Analysis, Social Network Data Analysis, Insurance Pricing, etc. The QFRM training program focuses on improving students' capacity in quantitative analysis; analysis and valuation of traditional securities and modern financial products; risk management; insurance pricing; trading strategies for financial assets. Thereby forming the ability to design, build, and apply models to forecast, price, manage investment portfolios, manage financial risks, or automatic trading systems, etc.

Graduates of the QFRM major can work in many different institutions such as banks (in risk management, transaction control, financial product trading, data analysis), auditing firms (in risk management), investment funds (in automatic trading, risk management, investment analysis), securities companies (in derivatives trading, automatic trading) or insurance companies (in insurance pricing). This is considered a relatively new industry and banks, investment funds, financial and insurance companies, etc. are in need of human resources proficient in quantitative finance.

Outstanding Features:

  • The Finance program is accredited under the AUN-QA standards of the Southeast Asian University Network.
  • A strong team of lecturers, including experienced scientists and experts from the Faculty of Finance, HUB, and commercial banks, securities companies, and investment funds.
  • A learning environment through experience with a modern bank application simulation room, Finpro financial data room, experimental stock exchange, Lab Machine Learning, etc.
  • Extensive relationships with securities companies, fund management companies, enterprises, banks, insurance companies, consulting companies, etc. create opportunities for practical access and abundant job opportunities. The employment rate of graduates is approximately 96% (According to the Survey of the Examination and Quality Assurance Department - HUB).
  • Academic clubs and various activities such as: Finance Student Club (BUSF), Financial Arena Competition, Smart Personal Financial Manager Competition, etc.
  • The University of Banking in Ho Chi Minh City (HUB) is also a member of the CFA Institute University Affiliation Program. The Bachelor of Finance program is highly compatible with the CFA program standards, and students have the opportunity to receive a free CFA exam scholarship.

===========================================================

TRAINING PROGRAM DESCRIPTION

MAJOR OF FINANCE – BANKING

Specialization in: QUANTITATIVE FINANCE & RISK MANAGEMENT

(Issued together with Decision No. 2517, December 15, 2021 of the Rector of Ho Chi Minh University of Banking)

General objectives of the Undergraduate Training Program majoring in Finance - Banking, specializing in Quantitative Finance and Risk Management: Students graduating from the major of Finance - Banking, specializing in Quantitative Finance and Risk Management will master the basic knowledge of economics, management, administration, accounting and in-depth knowledge of banking and finance in general and of quantitative finance and risk management in particular; Students can build and implement domestic and international financial plans/projects, start-up business, self-study, and research.

PART A: PROGRAM AND DEGREE PROVIDER INFORMATION

1. Program Name

Bachelor of Banking and Finance – Concentration in Quantitative Finance and Risk Management

2. Degree-granting unit

Ho Chi Minh University of Banking (HUB)

(The university diploma will be signed by the Rector of Ho Chi Minh University of Banking)

3. Training organizers

Faculty of Finance of Ho Chi Minh University of Banking (FOF – HUB)

4. Training major

Banking and Finance

5.Specialization

Quantitative Finance and Risk Management

6. Training major code

7 34 02 01

7. Name of diploma granted

Bachelor of Banking and Finance – Concentration in Quantitative Finance and Risk Management (noted in the Diploma Appendix)

8. Entry requirements

 

Candidates must have graduated from high school or equivalent, and at the same time meet the requirements and admission conditions specified in the annual admission regulations of the Ministry of Education and Training and of Ho Chi Minh University of Banking.

Candidates who have been admitted to HUB's Banking and Finance Major, after one semester will be assigned a major. If the number of students enrolled in the Finance major exceeds the target allocated for the major, the University will consider from the top down according to the student's GPA in the first semester.

9. Study plan

A systematic map of courses for each semester[1]  for the entire training program will be provided to students upon enrollment

10. Training duration of

the program

The duration of design training is 4 years

Depending on ability and individual conditions students can shorten the training period to a minimum of 3 years or extend the training period to a maximum of 6 years

11. Total credits

124 credits, not including the Physical Education (5 credits) and Defense

Education (8 credits) modules.

12. Student support activities

The following support activities are provided to students:

- Students are provided with learning materials by lecturers in charge of the course (paper documents and electronic documents)

- Students are provided with a system of exercises to support self-study and improve knowledge and skills, in addition to the system of exercises in class.

- Students are supported with other related issues at the student affairs office, including making complaints, giving comments, or evaluating the training quality of the university and each lecturer through the final survey conducted by the testing department.

Students can reflect, comment on, or evaluate the training quality of the university and each lecturer through direct dialogue between the university and students or self-assess through surveys in each class provided by the Department of Testing and Quality Assurance.

PART B: PROGRAM OBJECTIVES, OUTCOME STANDARDS, TEACHING METHODS

13. Educational

philosophy of the program

  • Educational philosophy: "Liberal, interdisciplinary and experiential".

14. Training program objectives

  • The general goal of the training program is to systematically equip students with knowledge of finance, mathematics, and statistics and apply advanced technology to solve financial problems, including financial analysis, pricing, investment, investment management, and risk management.
  • Graduates majoring in Quantitative Finance and Risk Management will master the fundamental and modern knowledge of finance, quantitative analysis, financial modeling and risk management; Form the necessary professional competencies in the financial sector and the necessary skills for analysis, statistical modeling, risk management, model calibration and derivative pricing. In addition, students also can self-study and research financial issues and manage risk reasonably and creatively.

15. Outcome standards of training programs

Students majoring in Finance – Banking, specializing in Quantitative Finance and Risk Management are guaranteed the requirements of the following 8 program learning outcomes (PLOs):

  • PLO1: Ability to apply basic knowledge of natural sciences and social sciences in the field of economics.
  • PLO2: Critical thinking ability
  • PLO3: Ability to organize, work in teams and communicate effectively in
  • an internationally integrated environment
  • PLO4: Demonstrating proactiveness in learning and research and management of personal resources, meeting lifelong learning requirements.
  • PLO5: Demonstrating a sense of legal compliance, professional ethics and social responsibility.
  • PLO6: Ability to systematically apply background and in-depth knowledge to solve professional problems in the fields of finance, quantitative finance, risk management and corporate governance.
  • PLO7: Ability to participate in building and developing application solutions in the fields of finance, quantitative finance, risk management and corporate governance
  • PLO8: Ability to recognize, grasp and adapt to changing trends in the Finance industry

In addition, students also meet outcome standards in foreign languages and informatics, specifically as follows:

  • Students must meet the minimum English proficiency outcome standard at level 3/6 according to the 6-level Foreign Language Proficiency Framework for Vietnam or have an equivalent international English certificate according to the list of notified schools. Students submit certificates/certificates to prove foreign language proficiency as notified by the University.
  • Outcome informatics standards: Students must have an Advanced Certificate of Information Technology Application (or other equivalent computer certificates as notified by the University). Students submit certificates to prove computer proficiency as notified by the University.

16. Teaching and

Assessment methods

  • Depending on the specific subject, teachers can combine appropriate teaching methods such as lectures, case studies, presentations, an group discussions, ... Detailed regulations on teaching methods are described in detail in the Course Description, which students can access from the beginning of each subject.
  • Student learning outcomes are assessed in many different ways including attendance, homework, class assignments, presentations, group exercises, discussion results, midterm exams, ... and final examination. Detailed regulations on subject assessment methods are described in detail in the Course Description, which students can access from the beginning of each subject.

PART C: PROGRAM STRUCTURE

17. Program structure: The program is designed to include 124 credits including:

 

Knowledge

Courses

Credits

Rate (%)

1.1

General educational knowledge

11

24

19,3%

1.2

Professional educational knowledge

32

100

80,7%

Fundamental major knowledge

18

52

41,9%

Major

8

24

19,4%

Concentration

6

24

19,4%

 Total

43

124

100%

  • Block 1: General educational knowledge: consists of 24 credits, providing general knowledge, foundation in natural and social sciences necessary for careers and lifelong learning skills of learners.
  • Block 2: Professional educational knowledge, including:

Fundamental major knowledge: consists of 52 credits, providing basic knowledge of economics, business, and management, and part of basic knowledge of banking and finance.

Major knowledge and concentration knowledge: 48 credits, providing the in-depth knowledge in the field of finance necessary for students to make financial decisions and future career choices.

The graduate internship and the graduation thesis course take place at the final stage of the training program. Internships are compulsory modules. Regarding the graduation thesis course, students may register for the graduation thesis course when satisfying the following 2 conditions[2]: (1) the student has accumulated all the modules of the training program as prescribed and the number of unaccumulated modules reaches no more than 6 credits; (2) The cumulative overall GPA of modules in the field of knowledge must be at least 6.30 on a 10-point scale (2.5 or higher on a 4-point scale). Students with scores from 6.0 to near 6.3 on a 10-point scale, if they have good topic ideas and thesis outlines, are considered and approved by the Rector on the basis that students have a request form certified by the training department with the approval of the outline of the dean of the faculty of industry management, specialized training. In case, students who are not eligible to apply for the graduation thesis course will have to study 3 graduation substitutes equivalent to 9 credits. These alternative subjects belong to the specialized knowledge of finance specified in the outcome benchmark matrix (item 16 below).

In addition to the main program, students are also equipped with soft skills through extracurricular activities organized by HUB and academic and skills clubs. Extracurricular activities are planned throughout the year and take place monthly, such as music, sporting events, summer social activities, social work, English clubs, financial clubs, scientific research clubs, physical Education, defense education, workshops ..., communication skills, teamwork skills and problem-solving skills. Active participation in extracurricular activities will be recognized in the student's training point system, one of the necessary conditions to achieve the outcome standards of the training program.

18. OUTCOME STANDARDS MATRIX - LEVEL OF SATISFACTION OF THE COURSE

No.

Courses

PLO1

PLO2

PLO3

PLO4

PLO5

PLO6

PLO7

PLO8

1.   General educational knowledge (See course description here)

1

Marxist-Leninist philosophy

2

2

2

 

 

 

 

 

2

Political Economy

2

2

2

 

 

 

 

 

3

Socialism

2

2

2

 

 

 

 

 

4

Party History

2

2

2

 

 

 

 

 

5

Ho Chi Minh’s Ideology

2

2

2

 

 

 

 

 

6

Advanced Mathematics 1

3

3

 

 

 

3

 

 

7

Probability theory and

mathematical statistics

3

3

 

 

 

3

 

 

8

General law

2

2

 

 

 

2

 

 

9

Advanced Mathematics

3

3

 

 

 

3

 

 

10

Logic applied in business

3

3

 

 

 

 

3

 

Elective courses (students choose 1 of 2 courses)

11a

Psychology

2

 

2

 

2

 

 

 

11b

Optimal methods in economics

2

2

3

 

 

3

 

 

2.   Professional educational knowledge

2.1. Fundamental major knowledge

 

 

 

 

 

 

 

 

12

Microeconomics

3

3

 

2

 

 

 

 

13

Macroeconomics

3

3

 

2

 

 

 

 

14

Introducing the financial

industry

 

 

 

2

2

 

 

2

15

Accounting principles

3

 

 

 

2

2

 

 

16

Business law

 

 

 

3

3

3

 

 

17

Marketing principles

3

 

2

2

 

 

 

 

18

Applied informatics

 

 

3

2

 

3

 

 

19

Econometric

3

3

3

 

 

3

 

 

20

Academic management

2

 

3

3

 

 

 

 

21

Financial and monetary theory

 

 

3

 

 

3

 

3

22

Corporate finance

 

 

 

 

3

2

 

2

23

Financial accounting

 

 

 

3

3

2

 

 

24

English for specific purposes 1

 

 

3

3

 

 

 

 

25

Scientific research method

2

 

3

3

 

 

 

 

26

Financial markets and financial institutions

 

 

 

 

 

2

2

2

27

Python programming for data

analysis

 

 

2

3

 

3

 

 

28

Algorithms applied in business

 

 

 

3

 

 

2

2

Elective courses (students choose 1 of 3 courses)

29a

Tax

 

 

 

 

3

3

 

3

29b

International finance

 

 

 

 

 

3

3

3

29c

Multinational corporate finance

 

 

 

 

 

2

2

2

2.2 Major

 

 

 

 

 

 

 

 

30

Analyze social network data

3

 

 

 

 

3

4

 

31

Quantitative Finance

 

 

 

3

 

3

3

3

32

Machine learning

 

 

3

3

3

 

3

3

33

English for Banking and Finance majors

 

 

3

3

 

 

 

3

34

Insurance

 

 

 

 

 

3

3

3

35

Business financial analysis

 

 

 

 

 

3

3

3

36

Financial derivatives and Risk

Management

 

 

 

 

 

3

3

3

Elective courses (students choose 1 of 5 courses)

37a

Enterprise Financial

Management

 

4

 

 

4

4

 

 

37b

Entrepreneurship in the digital age

 

 

 

 

 

4

4

4

37c

Behavioral finance

 

5

 

 

 

5

 

5

37d

Marketing of financial services

 

 

 

 

 

3

3

3

37e

Investment Banking Operations

 

 

 

 

4

4

4

4

2.3.         Concentration

38

Financial model

 

 

3

 

 

3

3

 

39

Financial investment

 

 

 

 

 

4

4

4

40

Portfolio management

 

 

 

 

4

4

4

4

41

Financial risk management

 

 

 

4

4

5

 

 

42

Internship

 

 

 

4

4

4

4

4

Elective: Students choose to write a graduation thesis or study instead of a graduation thesis

43a

Graduation thesis

 

5

 

4

4

5

5

5

43b

Replacement  graduation thesis

 

 

 

 

 

 

 

 

43b1

Insurance actuary

 

 

 

 

 

5

5

5

43b2

Quantitative risk management

 

 

 

 

 

4

4

5

43b3

Technical analysis of financial

markets

 

5

 

 

4

 

5

 

 

 

 

 

 

 

 

 

 

PART D: ASSESSMENT METHODS

19. Methods for assessing learning outcomes

Subject assessment scale: The grading scale used for grading subjects is a 10-point scale. Then it

is prescribed by the Training Department on a 4-point scale per the credit system..

Evaluation of subject results: The results of each subject are assessed with 2 score components:

process score and final exam score. The process score is weighted 50% of the module grade; The

module end score is weighted 50% of the module grade (except for the graduation thesis course

which is graded according to separate regulations). The method of assessment of each subject is

announced to students by the lecturer in charge of the subject at the first session of the subject.

Ranking of academic performance for each semester, each academic year and the entire course: Determined according to the cumulative GPA as follows::

Rating

Score on a 4-factor scale

Score on a scale of 10

Outstanding

3,6 to 4,0

9,0 to 10,0

Good

3,2 to near 3,6

8,0 to near 9,0

Fairly

2,5 to near 3,2

6,25 to near 8,00

Average

2,0 to near 2,5

5,0 to near 6,25

 

PART E: OTHER RELATED ISSUES

20. Career

opportunities

Graduates will be able to undertake a variety of jobs in the financial sector, including positions at investment banks, commercial banks, fund management companies, securities companies, Insurance companies, financial companies, international financial institutions, large businesses/corporations, information/data companies, companies providing services to the financial market with positions as follows:

  • Quantitative financial analyst
  • Financial risk analyst
  • Financial trading specialists use algorithms
  • Financial research analyst
  • Financial data analyst
  • Portfolio management specialist
  • Investment trading strategy development specialist
  • Property valuation specialist

In addition to the above job positions, graduates can also work at:

  • State management agencies in finance and banking
  • Research institutes developing financial technology
  • Financial software development companies
  • Financial technology companies
  • Or continue studying at a higher level to become a lecturer or researcher at training facilities and research institutes.

21. Learning

opportunities

Students can graduate earlier by quickly studying subjects but must ensure the order of subjects according to the curriculum. Students can complete the program: from 3 years to 6 years.

Students can study dual majors if they meet the requirements for GPA (International Economics, Accounting, Auditing, Economic Law, English Language …)

Students can continue to study postgraduate programs at home and abroad after

finishing their full-time undergraduate program at Ho Chi Minh University of Banking.

22. Information

disclosure

channels

http.//www.hub.edu.vn

http://khoatc.hub.edu.vn/

Student handbooks, leaflets, and other official information channels of the HUB

Note: Detailed information about the training program content, detailed subject content, teaching/learning methods and assessment methods for each subject can be found at the website: http://khoatc.hub.edu.vn

This document is updated annually.

 The training program tree attached

[2] According to Decision No. 1583/QD-DHNH dated September 7, 2021 on promulgating regulations on organization and management of university level training at Ho Chi Minh University of Banking.

[3] According to Decision No. 1583/QD-DHNH dated September 7, 2021 on promulgating regulations on organization and management of university level training at Ho Chi Minh University of Banking.

Update!

Faculty of Finance - HUB

Liên hệ

  • TRỤ SỞ CHÍNH

    1st Floor, Office Building, 56 Hoang Dieu 2, Linh Chieu Ward, Thu Duc City, City. HCM

    (028) 38.971.631

    khoatc@hub.edu.vn

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