Record numbers of students have signed up to study quantitative finance, as demand for the roles within investment companies far outstrips supply.
Fitch Group, the financial data and education company, accepted 600 enrollees on to its certificate of quantitative finance programme this year, a 20 per cent rise on last year’s intake and the highest level since it launched in 2003. A third of the students came from India and China, which have become hotbeds for quant recruiters.
“There is definitely a skills shortage in quant finance,” said Randeep Gug, managing director of Fitch Learning. “The CQF was designed to fill that gap.”
Since launching 17 years ago, more than 5,000 professionals have taken the qualification worldwide. The course, which costs about $20,000, is mainly delivered online and takes six months to complete.
Mr Gug said the CQF was initially popular with developers of exotic investment vehicles such as structured