Erasmus+ Strategic Partnership “Creating an International Semester

for Master Programmes in Quantitative Finance”

(INTQUANT)

www.quantitativefinance.eu

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Overview

1. Consortium, duration and budget2. Project objectives3. Major project activities4. Main results5. Division of labour

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1. Consortium, duration and budget

Higher Education Institutions

Austria Italy Poland Romania

Industry Representatives

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1. Consortium, duration and budget

Project budget:•  Approved project budget: 219,823 €

Project duration:•  3 years

(01 September 2014 – 31 August 2017)

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2. Project objectives

1. Enhance quality of student mobility (structured mobility paths, specialization options)

2. Make mobility also accessible to participants with fewer opportunities (short term mobility)

3. Address demand of students who want to further specialize towards the end of their studies

INTQUANT- Creating an International Semester for Master Programmes in Quantitative Finance - Structure of the 4th semester

ShortTermMobilityOp1ons(2weeks)

Advanced Topics in Quantitative Methods in Finance (6

ECTS) Cooperation: Unipol

University of Bologna (UNIBO)

Final examination/Defense Additional courses

(6 ECTS) Master Thesis

(18 ECTS)

Advanced Topics in Asset Management

(6 ECTS) Cooperation: Raiffeisenlandesbank

Niederösterreich-Wien

University of Applied Sciences

bfi Vienna (UAS)

Final examination/Defense Additional courses

(6 ECTS)

Master Thesis (18 ECTS)

Advanced Topics in Bank Risk Management

(6 ECTS) Cooperation: Banca Comercială

Română

Alexandru Ioan Cuza University of

Iasi (UAIC)

Final examination/Defense Additional courses

(6 ECTS) Master Thesis

(18 ECTS)

Advanced Topics in Insurance Management

(6 ECTS) Cooperation: Accenture

University of Economics in

Katowice (UEK)

Final examination/Defense Additional courses

(6 ECTS) Master Thesis

(18 ECTS) Doub

leDegreeOp1

ons

(fullsemester–

30EC

TS)

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2. Project objectives

4. Enhance ties with the world of work through direct involvement of the financial industry

5. Develop, test and implement a new practice oriented course concept (incl. company case studies)

6. Reduce barriers for mobility through efficient recognition of qualifications and credits gained abroad (double degree)

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2. Project objectives

→ Core dimensions of INTQUANT:

•  Quality of mobility and access to mobility

•  Practice orientation and cooperation with industry

•  Double degree

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3. Major project activities

Harmonization of the fourth semester at all partner institutions (same structure)

Targeted structure of the fourth semester: – A course on “Advanced Topics” with a different

specialization at each partner (6 ECTS)– The master thesis (18 ECTS)– An exam and/or additional courses as required

by local standards (6 ECTS)

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3. Major project activities

Two levels of mobility:

•  Basic level: short-term mobility for the course “Advanced Topics” (6 ECTS)

•  Extended level: full semester (30 ECTS) → leads to a double degree

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3. Major project activities

“Advanced Topics” course

•  Specializations in “Advanced Topics”:–  UAS: Asset Management–  UNIBO: Quantitative Methods in Finance–  UEK: Insurance Management–  UAIC: Bank Risk Management

•  Case studies from the industry for this course

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4. Main results•  Course package “Advanced Topics”•  4 adjusted curricula•  A set of double degrees (2 new, 3 adjusted)•  6 intensive programmes in “Advanced Topics” (with

industry representatives)•  6 case study reports•  A set of programme guidelines (student selection,

grading and recognition, thesis supervision)•  A final conference and lokal workshops•  Project website: http://www.quantitativefinance.eu/ (see

section on “Project Results”)

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5. Division of labour

•  Balanced division of labour important for Strategic Partnership

•  Each “Intellectual Output” (O1-O6) was coordinated by one partner, all other partners contributed

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5. Division of labour•  O1: Newly developed course package "Advanced

Topics". Lead: UAIC•  O2: Reformed curricula in quantitative finance.

Lead: UAS•  O3: Newly developed and updated double degrees.

Lead: UNIBO•  O4: Programme guidelines. Lead: UEK•  O5: Case study reports. Lead: UAIC•  O6: Dissemination and information materials.

Lead: UAS

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5. Division of labour

•  E1-E2: Multiplier Events. Lead: UAS, each partner organizes a local one

•  C1-C6: Set of intensive programmes (IP). Lead: UAS, each partner hosts IP

•  A3: Quality control and evaluation. Lead: UEK

Thank you for your attention!