Bachelor of Science Honours in Computational Finance
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Bachelor of Science Honours in Computational Finance
Purpose:
The purpose of the Bachelor of Science Honours in Computational Finance is to provide learners with the required theoretical and practical training needed to understand and implement mathematical financial models. The qualification is needed for entry into professional practice or management positions in the quantitative finance services industry. The learner will be able to:
- Understand the concepts and structure of financial Risk management.
- Evaluate organisational financial capacity to meet future demands.
- Use financial techniques to make investment decisions.
- Be adept at problem solving using numerical methods and relevant mathematical software, in particular solving boundary-value problems and partial differential equations.
- Have a working knowledge of Ito calculus and stochastic control.
Rationale:
The qualification responds to the need for higher level quantitative and analytic skills in the finance and management sector. This qualification will be unique in the region in terms of combining Mathematics, Statistics and Finance in one Postgraduate qualification.
Outcomes
- Apply advanced theoretical principles of problem identification and solution in the Computational Finance field and reflect critically on the application thereof.
- Plan and conduct a research project in the field of Computational Finance, including gathering, analysing, synthesising and interpreting information, utilising appropriate research principles, and reflect critically on the research undertaken.
- Explore and apply different learning strategies to acquire advanced multidisciplinary capabilities in the Computational Finance field.
- Communicate effectively orally and in writing by applying professional communication principles and reflecting critically on the application thereof in the Computational Finance field.
- Utilise appropriate technology (computer software) effectively to solve complex problems in the Computational Finance environment.
- Integrate managerial and cognate disciplines to develop an advanced theoretical and practical understanding of the international and national business environment.
- Practise acceptable social sensitivity in the relationship with others and work effectively in a team by reflecting critically on the implementation thereof.
- Practise responsible citizenship through a holistic approach to the application of professional ethics and values in the Computational Finance field (Promoting citizenship).
Assessment Criteria
Associated Assessment Criteria
- Apply calculations using computational tools efficiently and correctly and solutions obtained are verified in terms of the context.
- Use mathematics to investigate and monitor the financial aspects of personal, business, and national issues.
- Use and analyze computational tools and strategies, and make estimates and approximations.
- Debate points are based on well-reasoned arguments and are supported by mathematical information.
- Apply mathematical relationships and principles involved in computations.
- Use numerical methods to find approximate solutions to suitable equations.
- Establish the effect of measurement error on final values calculated.
Integrated Assessment
- The Institution adopted a Continuous Assessment System.
- Assessment consists of a number assessment event throughout the year.
- A variety of assessment instruments are used (e.g., tests, essays, computer programs, practical reports, project reports, and oral presentations).
Qualification Details
- Type
- Honours Degree
- NQF Level
- 08
- Min. Credits
- 120
- SAQA Source
- More Information
Education Cost Calculator
This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.