A PhD in Industrial and Systems Engineering with a concentration in Quantitative Finance is a highly specialized degree program that blends advanced engineering principles with finance theory and quantitative analysis. It is designed for individuals who are interested in applying advanced mathematical and statistical methods to solve complex financial problems, and who wish to pursue careers in academia, research, or industry. The program typically covers a wide range of topics related to engineering, finance, and mathematics, including optimization, probability theory, stochastic processes, time series analysis, financial economics, risk management, and portfolio management. Students will also gain hands-on experience working with industry-standard software and tools used in quantitative finance. The coursework is often complemented by research projects, where students work closely with faculty members and industry partners to develop innovative solutions to real-world financial problems. Graduates of the program are equipped with a deep understanding of the underlying principles of quantitative finance and the technical skills needed to apply these principles in a variety of settings.
Stream | Doctor of Philosophy |
Course | PhD - Doctor of Philosophy in Industrial and Systems Engineering with Concentration in Quantitative Finance |
Full Name | PhD - Doctor of Philosophy in Industrial and Systems Engineering with Concentration in Quantitative Finance |
Eligibility | Master in relevant Subject with 55 % marks |
Duration | 3 Years |
Fees | Updated Soon |
Type | Degree |
Mode | Year |
To be eligible for admission to a PhD in Industrial and Systems Engineering with a concentration in Quantitative Finance, applicants must typically hold a Bachelor's or Master's degree in a relevant field, such as engineering, mathematics, physics, or finance. |
They should also have a strong academic record, relevant research or work experience, and excellent analytical and communication skills. |
The selection criteria for admission to a PhD program in Industrial and Systems Engineering with a concentration in Quantitative Finance may vary depending on the university or program, but typically includes the applicant's academic record, research or work experience, statement of purpose, letters of recommendation, and standardized test scores (if required). Some programs may also require a personal interview or additional materials such as writing samples.
To apply for a PhD program in Industrial and Systems Engineering with a concentration in Quantitative Finance, students should first research potential programs and universities, and carefully review the application requirements and deadlines. |
The application process typically involves submitting an online application, transcripts, letters of recommendation, standardized test scores (if required), a statement of purpose, and any additional materials required by the program. |
Applicants may also need to pay an application fee. It is important to check with each program for specific application requirements and deadlines. |
The application form for a PhD in Industrial and Systems Engineering with a concentration in Quantitative Finance is typically available on the university's website or online application portal. Applicants will need to create an account and complete the application form online, including personal information, academic history, and other required materials.
The application process for a PhD in Industrial and Systems Engineering with a concentration in Quantitative Finance typically involves the following steps:
step 1 | Research potential programs and universities |
step 2 | Review application requirements and deadlines |
step 3 | Create an account and complete the online application form |
step 4 | Submit official transcripts from all colleges and universities attended |
step 5 | Submit letters of recommendation from academic or professional references |
step 6 | Submit standardized test scores (if required) |
step 7 | Write a statement of purpose explaining your academic and professional goals |
step 8 | Pay the application fee (if required) |
step 8 | Submit any additional materials required by the program |
step 10 | Wait for notification of admission decision |
The application fee for a PhD in Industrial and Systems Engineering with a concentration in Quantitative Finance varies depending on the university or program, but typically ranges from updated Soon.
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Graduates of a PhD in Industrial and Systems Engineering with a concentration in Quantitative Finance are in high demand and have a wide range of career opportunities. According to Payscale.com, the average salary for a Quantitative Analyst with a PhD in the United States is around $118,000 per year, but can vary depending on the industry, location, and years of experience. Some common career paths for graduates include academia, working as professors or researchers in top universities around the world; the private sector, working for investment banks, hedge funds, asset management firms, or financial consulting companies; and government or regulatory agencies, where they help design and implement policies related to financial markets and risk management.
Some common career opportunities for graduates of a PhD in Industrial and Systems Engineering with a concentration in Quantitative Finance include:
Quantitative Analyst |
Financial Engineer |
Risk Manager |
Portfolio Manager |
Investment Strategist |
Financial Consultant |
Professor or Researcher |
Data Scientist |
Regulatory Affairs Specialist |
Government Policy Analyst |
Some of the top colleges and universities offering a PhD in Industrial and Systems Engineering with a concentration in Quantitative Finance include:
Q.1 - What is the procedure for Ph.D.? Admission to the University?
ANSWER: - The Ph.D. and M.Phil. programs of prestigious Universities are conducted and guided strictly as per the provisions and regulations dictated by the UGC (Minimum Standards and Procedure for Award of Ph.D./M.Phil. Degrees) (1st Amendment) Regulations, 2018 and subsequent amendments. The entire procedure for admission to the research programs encompasses a Research Entrance Exam (RET) and then an Interview/Viva Voce. The performance of a candidate in the RET is given 70% weightage, and the remaining 30% weightage is given to his/her performance at the Interview.
Q.2 - What are the modes of pursuing M.Phil. & Ph.D. programs at the University?
ANSWER: -Both the full-time and part-time modes are available at University for pursuing its Ph.D. programs and only the full-time mode is available for M.Phil. program in the desired subjects/fields. These highly-qualitative and prolific research programs are available in a rather broad range of fields/subjects. At University, the minimum time duration of the M.Phil. and Ph.D. programs is 1.5 Years and 3 Years, respectively, in general.
Q.3 - Are the Ph.D. and M.Phil. Degrees granted by any University valid abroad?
ANSWER: -Yes, of course. If the University is properly recognized under section 2(f) of the UGC Act of 1956 and is a prestigious member of the AIU (the Association of Indian Universities). It is an M.Phil. and Ph.D. degrees granted in various fields/subjects are duly valid across India and the world.
Q.4 - What are the main eligibility criteria for participating in the University Research Entrance Exam (RET)?
ANSWER: -The following are the main eligibility conditions for participating in the RET: - A rigorous Master’s Degree in the proposed subject/field obtained from any recognized university/institution located in India or abroad, with a minimum 55% marks in aggregate or an equivalent grade. Candidates belonging to SC/ST/OBC/Differently-abled categories are given a 5% relaxation in respect of this eligibility criterion. Candidates with an M.Phil. degree in the proposed field/subject, or have qualified for the UGC (JRF) Examinations/ NET/ SET/ SELT, etc., will be allowed to appear directly for the interview, without appearing in the RET. Impressive academic records, and any prior experience in research work, will be given additional advantages.
Q.5 - What relaxations are granted to the reserved categories for Ph.D.? Admission to the University?
ANSWER: - Candidates belonging to the categories of SC/ST/OBC (Non-Creamy layer)/Differently-Abled, and so on, are given all relaxations prescribed by the Govt. of India and the UGC. These relaxations are provided in form of 5% reduced marks for them at post-graduation, and also in the minimum qualifying marks at RET. Thus, candidates belonging to these categories only need to score a minimum of 45% marks at RET, to qualify for the final interview.
Q.6 - How will be the pattern of RET?
ANSWER: - The syllabus or pattern of RET consists of subject-specific matters, research methodology, and aptitude (covering logical reasoning, numerical ability, analytical reasoning, statistics, etc.).Thus, RET will contain a total of 70 multiple-choice questions (MCQs).
Q.7 - Are M.Phil. Holders/UGC- NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE exempted from appearing at RET?
ANSWER: - Yes. The holders of M.Phil. degrees in their respective fields/subjects are made exempt from appearing in RET. The same is the situation in cases of aspiring candidates who have qualified exams like UGC-NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE, etc.
Q.8 - How is the application fee paid?
ANSWER: - The Application Fee (i.e. the fee for getting participated in RET) can be paid online or offline, like the Application Form. Payment Modes: DD (in Favor of the University) / NEFT/ Cash Deposit.
Q.9 - Do working candidates require to obtain NOC from employers for pursuing research at any University?
ANSWER: - Yes, necessarily. Working Professionals who are interested in research at any University are required to obtain the NOC (No Objection Certificate) from their respective employers, in order to avert any intrusion ever during the entire doctoral course.
Q.10 - Does an M.Phil. holder require to undergo Ph.D. coursework?
ANSWER: - Yes. M.Phil. holders are again required to undergo the coursework in Ph.D. at some Universities. However, their prior knowledge in the field/subject will be very supportive to them for learning and performing efficiently during the Ph.D. program.
Q.11 - Can I pay the yearly program/course fee in installments?
ANSWER: - Yes, you can pay the yearly course fee as many as in two installments, but well within the yearly session.
Q.12 - Does Any University provide any scholarship or stipend to pursuing scholars?
ANSWER: - Yes, of course. Many Universities offer scholarships as well as stipends to meritorious and talented candidates who undertake research studies at the University. Scholarships are granted to those candidates who come under the top 21 by scoring higher marks in RET and interviews. And, stipends are provided to those scholars who also give lectures to UG or PG students at the University, in addition to doing their Ph.D. coursework. The amount of the monthly stipend will be commensurate with the candidate’s qualifications and capabilities and may go up to Rs. 20,000.
Q.13 - What other many facilities are provided to research scholars at the University Campus?
ANSWER: - All necessary and constructive resources, amenities, and facilities are offered by well-established and prestigious universities to research scholars in various streams/subjects. These facilities include the following - spacious and peaceful study rooms, erudite and well-experienced academicians and research experts, Wi-Fi and diverse IT devices, state-of-the-art laboratories, well-stocked libraries, lavish R&D amenities, separate amenities for lodging and foods for male and female candidates, peaceful and constructive environment within the university campus, and many other comforting and convenient facilities and services.