Postgraduate MSc programs by Colombo University

Dharma SRI ABEYRATNE

The Colombo University Science Faculty will introduce two MSc postgraduate programs in Mathematics aiming to cater to the growing demand for a knowledge in Mathematics locally and internationally, Colombo University Mathematics department head Dr. J.K. Wijerathna said.

Under this initiatives, MSc Postgraduate Diploma in Financial Mathematics Degree Program and MSc Postgraduate Diploma in Mathematics Education Degree Program will be implemented by mid January next year. The Mathematics Department has been an integral part of the Sri Lankan University system since its inception in 1921 and is one of the most prestigious and well recognized mathematics departments of the present day university systems.

Until 1967 when the Colombo University was formed, the Mathematics Department served the Science and the Arts Faculties. Mathematics Honours Classes were held from 1922. Mathematics, as an art and a science, provides essential tools for the advancement in many areas in the sciences, engineering, finance and economics fields.

Pure Mathematics lies at its heart and is a core subject of human thought. It teaches logical and abstract thinking which is essential to form a sound basis for learning.

Mathematics plays a crucial role in education at the primary and secondary levels. At the tertiary level a basic knowledge of Mathematics is essential for every graduate in pursuing a successful career in today's society. In view of this, the department strives to design its curricula and organize its services and activities to realize the full potential of the mathematical ability of its students and staff, Dr. Wijerathna added.

Those with a Bachelor of Science with Pure Mathematics or Applied Mathematics as a subject or a Bachelor of Science in Engineering from a recognized university or any other equivalent qualification acceptable to the Senate of the Colombo University can apply for these two MSc. programs.

The objective of the MSc. Programs is to enhance the quantitative knowledge of finance of the graduates to an international level in theory and practice.

The program is intended to train students with financial skills required to operate in an increasingly competitive international environment.

The program provides a thorough knowledge in the theory of quantitative finance and practice.

It is anticipated that graduates of this degree will serve the needs of the financial and insurance sectors. Prospective employment opportunities are finance director, treasurer, banker, stockbroker, financier, credit manager, financial analyst, fund manager, actuarial analyst and in many more sectors, Coordinator of MSc in Financial Mathematics Dr. Sanjeewa Perera said.

The lack of sufficient knowledge in Mathematics has become the major obstacle to supply qualified professionals to the local and international job market.

Therefore such programs will play a major role in the Mathematical sector in the near future, Dr. Perera added.