The University of Chicago Summer
Data Science in Quantitative Finance and Risk Management | Summer
Data Science in Quantitative Finance and Risk Management

Data Science in Quantitative Finance and Risk Management


Course Description

Have you started or are about to start your investment journey? Do you want to know more about terms like “recession” and “volatility,” and how they might affect your own bank account? Are you interested in mathematics and its application to human emotions? This course introduces the leading statistical models and methods which quantitative researchers use to understand the ever-evolving markets and build insightful financial strategies, such as machine learning, risk profiling, and portfolio optimization. At first, you will learn about the theoretical and applied foundations of regression and classification designs for predicting market patterns. Next, you will gain exposure to proprietary metrics (such as Expected Shortfall) used to evaluate drawdowns of both single and multi-asset portfolios. Lastly, you will experiment with portfolio allocation tactics by visualizing risk-to-reward graphs under various buying and selling conditions. These techniques can be applied to the U.S. and foreign asset classes, including equities, commodities, and cryptocurrencies. You will form research teams and play a stock market game using the skills you learned throughout the course with the objective of experiencing how professional Quants pitch asset strategies to their clients. All implementations will be done using Python.

Course Criteria

Python coding experience is required. Prior knowledge in statistics and calculus will be helpful, but is not required.

Math Intensive
Students should expect daily class and homework activities to involve coding.
Coding Intensive
Students should expect daily class and homework activities to involve coding.

Academic Interest

Social Sciences (e.g., history, sociology, business)

Application Materials

A complete application includes a transcript, two short essays, a letter of recommendation, writing sample, application fee, and a submitted parent confirmation. If you are seeking need-based financial aid, you must indicate that in your application before it is submitted. Please refer to the Application Instructions for complete details.

Instructor(s)

John Lee

Cost

$4,790

Need-based financial aid is available. Students should refer the Costs & Aid page and apply for aid when they submit their application to Summer Session.

Start Your Application

Course Duration

Summer Online

Session

Session 2

Course Dates

July 9th - July 25th

Class Days

Mon, Tue, Wed, Thu, Fri

Class Time

6:00 pm - 8:00 pm

Eligibility

9th Grade, 10th Grade, 11th Grade

Modality

Remote

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