Wilmott Associates supply state-of-the-art training in financial engineering. Our lecturers can teach at all levels, from the foundations to the latest theories.

Students during a coffee break on a recent training course

Some of the in-house training courses currently offered:
General Mathematics: Partial differential equations  Time series analysis  Finite-difference methods  Monte Carlo simulations	General Finance: Foundations of financial modeling  Credit risk and credit derivatives  Value at risk  Advanced financial modeling
Equities, FX and Commodities: Equity, FX and commodity derivatives  Volatility modeling  Exotic options	Fixed Income: Interest rate models and derivatives  Yield curve modeling and trading  Swaps
Other courses can be designed in consultation with the client.

Why in-house training?

The new breed of quant: Banks are hiring people with the most up-to-date set of mathematical and quantitative skills. This often means graduates with a Ph.D. in a subject such as mathematics, physics or engineering. This acknowledges the rapid increase in sophistication of the financial community and products in recent years. This development is accompanied by the need for the on-going training of such people throughout their practitioner careers. This training is best conducted by people whose job it is to educate, and who are daily making advances in their subject, with no constraints put on the direction of their thinking. This means people from the best universities, and with the best track record for innovative research.

Designed for the client: In-house courses offer many advantages for the client over the 'open' course. They can be finely tuned to the specific requirements of subject matter and timing. Training is on-site, and can be arranged around the need for students to be at their desks at crucial times. A series of courses can be particularly effective for bringing a department up to speed. Courses are not restricted in geographical location.

Cost effectiveness: 'Open' courses can be very expensive for a company if they want to train more than two or three employees. In-house training is the obvious economical alternative.

Training course format

The lectures: All lectures are given by academics, experts in their particular field. Lively discussion is encouraged, between lecturers and students, and between students themselves. Comprehensive lecture notes are provided.

Interactive work: A large part of all courses is practical. This typically involves working with spreadsheets or writing code (in C++ or VB). In this way we ensure that important ideas are fully understood and that all students receive maximum benefit from the material; they will be able to go from the lecture room to their workplace and implement models.

Examinations: Written and practical (programming) examinations can be set, and marked. Some companies find this to be an important part of the course. This ensures that students participate fully in the course and can give an indication of the level of attainment of students in comparison with those from other institutions. 

Course duration: From one to three days depending on subject matter and depth.

Course structure: Courses consist of prepared lectures and interactive PC work. If required, examinations can be set. Classes are limited to 15 students.

Course material: Prepared lecture notes are supplied.

For further information contact training@paulwilmott.com.