INFORMATION BROCHURE

2017-18

B.Sc. (Hons.) in Mathematics and Computing

M.A/M.Sc. in Computational Finance
(Approved by Government of Odisha and Affiliated to Utkal University)

Institute of Mathematics and Applications

(Government of Odisha)
BHUBANESWAR-751029
IMA at a Glance
Vision
To generate, disseminate and preserve knowledge in
Mathematical Science and related disciplines and to use this
knowledge for promoting welfare of the people.

Mission
1. To be a Centre of Excellence in Mathematics and related
areas by providing rigorous academic study and
excitement of discovery in an atmosphere of freedom.
2. To create an environment and support for faculty and
student to work creatively and effectively for the betterment
of society.

The Institute of Mathematics and Applications was established in the year

1999, by the Science and Technology Department Government of Odisha
with wide ranging aims and objectives as notified in the Gazette No. 18,
July 23, 1999 / SRAVANA, 1, 1921. In the last eighteen years since its
inception, consistent with its aims and objectives, it has been active in
research, teaching and nurturing talents in mathematics. Impressive
activities of the Institute and its potential have persuaded the State
Government to graciously lease a piece of land measuring about twenty
one acres on which the TATA Steel Ltd. has constructed the present
campus.

Governing Council
Prof. M. S. Raghunathan, F.R.S., School of Mathematics, Tata Istitute of Fundamental Research, Mumbai - Chairman
Vice Chancellor, Utkal University, Bhubaneswar - Member
Commissioner-cum-Secretary to Government, Science & Technology Department - Member
Chairman or his Nominee, National Board of Higher Mathematics, - Member
Department of Atomic Energy, Govt. of India
Senior most Professor of Mathematics, Utkal University, Bhubaneswar - Member
Senior most Professor of Mathematics, Sambalpur University, Sambalpur - Member
Senior most Professor of Mathematics, Berhampur University : Member
Director, Institute of Physics, Bhubaneswar - Member
President, Orissa Mathematical Society - Member
Prof. R. Balasubramanian, Institute of Mathematical Sciences, Chennai - Member
Prof. P. C. Das, Retired Professor of Mathematics, IIT, Kanpur - Member
Director, Institute of Mathematics and Applications, Bhubaneswar - Member Secretary
Undergraduate (U.G.) Programme
B.Sc. (Hons.) in Mathematics and Computing, three year degree
The Institute of Mathematics and Applications is offering a well designed programme B.Sc. (Hons.) in Mathematics and
Computing in order to impart high quality education in Mathematics and Computing to those students who love
mathematics and at the same time keep career option open in Computer Science/Statistics. Besides a research career in
mathematics, there are varieties of other career options for the graduates of this programmes both in academics as well
as in the corporate sector.

Students finishing B.Sc. (Hons.) in Mathematics and Computing from this Institute have joined in Masters Degree courses
and integrated Ph.D. programmes in IISc, IITs, IMSc, ISI, CMI, TIFR, IISERs, NITs, ISM, Central / State and reputed foreign
Universities.

Course Structure
First Year
First Semester Second Semester
1. Calculus-I
1. Calculus-II
2. Discrete Mathematics with Combinatorics
2. Probability Theory
3. Matrix Algebra
3. Differential Equations- I
4. Number Theory
4. CS-II (Design and Analysis of Algorithms +
5. CS-I (Introduction to Programming and Data Lab)
Structures + Lab)
5. Environmental Studies
6. Communication English
Second Year
Third Semester Fourth Semester
1. Calculus-III 1. Differential Equations- II (PDE)
2. Classical Geometry 2. Algebra I
3. Statistics 3. Geometry (Geometry of curves and surfaces)
4. Mechanics 4. Elective- I
5. CS- III (Computer Organization and 5. CS- IV (Database Management System +
Operating System) Lab)
6. Cultural History of India
Third Year
Fifth Semester Sixth Semester
1. Algebra II 1. Algebra III
2. Optimization and Linear Programming 2. Complex Analysis
3. Analysis of One and Several Variables 3. Elective III ( or Numerical Analysis + Lab)
4. Elective-II 4. CS-VI (Computer Networks)
5. CS-V (Theory of Computation) 5. Project Work
 List of Electives
1. Electrodynamics 10. Cryptography
2. Thermodynamics and Statistical Physics 11. Bio-informatics
3. Quantum Mechanics 12. Advanced Statistics
4. Relativity and Gravitation 13. Mathematical Finance
5. Astronomy 14. Algebraic Graph Theory
6. Artificial Intelligence 15. Functional Analysis
7. Computer Graphics 16. Topology
8. Mathematical Logic 17. Algebraic Geometry
9. Coding Theory 18. Lie Algebras and Group Representations

Eligibility
A candidate seeking admission to this programme should
have passed Higher Secondary or equivalent examination
with mathematics and English as a subject.

Intake
The maximum number of students to be admitted into the
programme is 30 which include the number of students
admitted under reserved categories as prescribed by the
Govt. of Odisha and in vogue at the time of admission.

Admission Fee and Course Fees

a. 1st Year : ` 15,000/-
b. 2nd Year : ` 15,000/-
c. 3rd Year : ` 15,000/-
(Excluding hostel accommodation fees, mess fees and
other fees)
(Appropriate concession on Admission fee shall be
provided to certain reserved categories of candidates as
per Government norm)

Master Degree Programme (P.G.)

M.A./M.Sc. in Computational Finance
Finance as a subject has emerged to be an extremely involved branch of knowledge with growing number of stock
exchanges and investors in the field. Risk and return that constitute cardinal aspects of the subject remain a major
concern for every investor, individual as well as institutional. Volumes of data encountered in the process make
investment decisions difficult. In apparently erratic behaviors of the market mathematicians try to capture patterns vis- a-
vis predictability, which may help investors decide on their investment. Computational finance, otherwise called financial
engineering, deals with portfolio selection, options and futures, asset pricing, managing derivative markets and hedging
under uncertainty. The course imparts, besides, basic grounding on finance, expertise in modeling under uncertainty, a
high level of computational skill geared towards finance, knowledge of financial accounting and regulations. The aim is
to produce a competent financial engineer capable of analyzing existing financial products and suggest new innovative
products for the financial market. It is a unique venture on the part of the Institute to offer this prized programme in India.
Course Structure
The programme shall be of two years duration consisting six terms. The courses to be taught are as follows:

First Year Second Year

Term 1 Term 4
Course No. Course Title Course No. Course Title
111 Statistics and Probability 241 Numerical Solutions of Differential
112 Mathematical Foundation Equations
113 Microeconomic Theory 242 Computational Modeling of Financial
114 Financial Instruments, Markets and Derivatives
Institutions 243 Elective-I
115 Accounting for Decision Making 244 Elective-II
116 Programming in C++ 245 Elective-III

Term 2 Term 5
Course No. Course Title Course No. Course Title
121 Statistics Modeling 251 Credit Derivative Pricing Models
122 Corporate Finance 252 Monte Carlo Methods in Financial
123 Portfolio Theory and Investment Analysis Engineering
124 Financial Derivatives 253 Elective-IV
125 Financial Modeling Using Excel 254 Elective-V
126 C++ Design Patterns for Financial 255 Dissertation (Preparatory Part)
Derivatives Term 6
Term 3 Course No. Course Title
Course No. Course Title 261 Dissertation and Viva
131 Fixed Income Security Analysis
132 Actuarial Science-I
133 Financial Risk Management and
Measurement
134 Principles of Financial Engineering
135 Stochastic Process in Finance

Courses for Electives I (243), II (244), IV (253) shall Eligibility

be chosen from the following: A candidate seeking admission to this course should have
(GROUP-A) passed Bachelor degree with Mathematics / Statistics as a
A1. Actuarial Science II core subject.
A2. Quantitative Risk Management Intake
A3. Advanced Topics in Financial Derivatives The maximum number of students to be admitted into the
A4. Dynamic Asset Management programme is 30 which include the number of students
A5. Optimization in Finance admitted under the reserved categories as prescribed by the
A6. Time Series Analysis and Forecasting Government of Odisha and in vogue at the time of
admission.

Courses for Electives III (245), V (254) shall be Admission Fee and Course Fees
chosen from the following: 1st Year : Admission fee ` 40,000/-
Course fee ` 65,000/-
(GROUP-B)
2nd Year : Course fee ` 65,000/-
B1. Soft Computing Methods in Finance
(Excluding hostel accommodation fees, mess fees and other
B2. Machine Learning with Financial Application
fees)
B3. Objected Oriented Software Engineering.
(Appropriate concession on Admission fee shall be
B4. Data Mining Techniques
provided to certain reserved categories of candidates as per
B5. Parallel Computing
Government norm)
Director,
Prof. A. K. Mishra, Ph.D., D.Sc.
Faculty
Prof. M. N. Mishra, Ph.D. in Statistics
Professor Emeritus
Dr. S. Sahoo
Ph.D. in Computer Science
Guest Faculty
Prof. S. Pattanayak
Ph.D. in Mathematics, Former Director, IMA
Prof. S. Padhy
Ph.D. in Mathematics, Former Director, IMA
Dr. S. K. Sahoo
Ph.D. in Mathematics, Former Registrar, IMA
Prof. B. P. Acharya, Ph.D. in Mathematics
Prof. N. Parhi, Ph.D. in Mathematics
Prof. J. Sarangi, Ph.D. in Statistics
Prof. L. N. Sahoo, Ph.D. in Statistics
Dr. H. B. Pattanayak, Ph.D. in Mathematics
Prof. L. Maharana, Ph.D. in Physics
Prof. N. C. Kar, Ph.D. in Finance
Dr. T. Khandei Ph.D. in Mathematics
Mr. S. Nayak, MSc. in Mathematics
Dr. R. B. Das, Ph.D. in Mathematics
Prof. A. K. Das, Professor in Computer Science
Mr. A Saran, M.Tech in Computer Science
Mr. R. K. Mohanty, M.Tech in Computer Science
Mr. M. Hota, M.Tech in Computer Science & Engg.
Ms S. Mishra, M.Sc. in Computational Finance
Mr. N. Das, M.Sc. in Computational Finance
Mr. A. N. Behera, Retired Reader in Commerce
Method of Selection
Selection of candidates for admission into both B.Sc. and M.Sc.
courses shall be made on the basis of the entrance test. The
entrance test will be of two hour duration. Previous years question
are available in the institute website for reference.
Eligible candidates can appear in the entrance test. Students
appearing at the qualifying examination can also appear in the
entrance test. However if selected, they have to submit the results of
the qualifying examination at the time of admission. (Provisional
Certificate,College/School Leaving Certificate, Marksheet).
Application Procedure
(a) Online
(U.G. & P.G.)
The application can be filled in online mode following details
of instructions given in the Institute's website
www.iomaorissa.ac.in/admission.php. The filled in
application along with enclosures (detailed below) should be
up loaded by May 10, 2017, 12:00, midnight.
(b) Offline
Application form and information Brochure can be collected
from Institute's counter from 11:00 A.M to 4:30 P.M on
working days on payment of application fee (see below) in
the shape of DD of a nationalized bank payable to Director,
IMA, Bhubaneswar at Bhubaneswar.
A candidate shall be supplied with Information Brochure and
Application form by post on a written request enclosing
application fees in the form of DD. In that case the candidate
should supply his address on a separately typed or legibly
written plane paper which will be posted by the office of the
Institute on the envelope for sending Information Brochure
and Application form.
The form may also be down loaded from the Institute's
website: www.iomaorissa.ac.in/admission.php. The filled in
application along with enclosures detailed below should be
sent to the Director, Institute of Mathematics and
Applications, Andharua, Bhubaneswa - 751029 by speed
post or in person so as to reach the Institute on or before May
10, 2017, 5:00 P.M.
Application fees for both the courses
Online application: Rs 500/- (Rupees five hundred only) for
general category candidates and Rs 300/- (Rupees three
hundred only) for SC/ST candidates.
Paper copy application on hand delivery, from office counter
of IMA: Rs 600/- (Rupees six hundred only) for general
category candidates and Rs 400/- (Rupees four hundred
only) for SC/ST candidates.
Paper copy application on postal delivery by speed post : Rs
700/- (Rupees seven hundred only) for general category
candidates and Rs 500/- (Rupees five hundred only) for
SC/ST candidates.
Documents to be submitted along with the
Application Form: Facilities
The following documents are to be enclosed with the Campus Infrastructure:
application form.
Located in Bhubaneswar, Institute of Mathematics and
Photo copy (self attested) of High School certificate
Applications, integrated modern Wi-Fi Campus has a highly
Photo copy (self attested) of High School Mark sheet
functional design and strong rationale to every aspect of the
Photo copy (self attested) of caste certificate (If belong
to ST/SC) design. The serene environment provides a perfect setting
Photo copy (self attested) of valid certificate (If belong to for a professionally rewarding educational experience.
Differently Abled Category) Student activity areas such as a lounge and cafeteria,
Photo copy of the money receipt of application form spacious classrooms of varying seating capacities,
(Applicable for Application and Brochure procured in conference halls, faculty chamber, library are available.
paper form)
Computer Laboratory:
Demand Draft of appropriate value (in original) in
favour of Director, IMA, Bhubaneswar and payable at The Institute has two well-equipped and furnished computer
Bhubaneswar towards Application fee. (Applicable for laboratories that hosts servers and number of PCs, running
online submitted applications and downloaded forms different operating systems. All of the systems are connected
applied on offline mode.)
to the Windows and Linux domains separately. The systems
Two self addressed envelopes
are also configured to network laser printers, scanners and
Two recent passport size photograph
other network devices.
In addition to all the above documents the following
documents have to be submitted for P.G. admission
Photo copy (self attested) of Intermediate / Higher
Secondary certificate
Photo copy (self attested) of Intermediate / Higher
Secondary Mark sheet
Any other, please specify
Total number of documents attached

Library:
The Library has more than 9500 references on
mathematical, financial, computational and related
subjects as well as professional journals, both national and
international. It collectively supports the teaching, research
and extension programmes of the Institute. All students,
faculty members and employees of the Institute are entitled
to Library facilities on taking library membership.

Hostel:
The Institute provides limited hostel facility to both boys and
girls separately. The excellent study environment and
sophisticated accommodation of the hostel with Wi-Fi
facility accelerates the research potential of the students.
Canteen facility inside the hostel premises is available for
students. Security personnel are alert round the clock and
incase of medical emergency, vehicle facility is also available.
 Test Centres

City Code City Code

Balasore : BLS Sambalpur : SBP
Brahmapur : BAM Delhi : DLH
Bhubaneswar : BBS Kolkata : KOL
Hyderabad : HYD Chennai : CHN
Kanpur : KNR Guwahati : GHT

(Applicants can opt for test centre from the above list and the corresponding code must be entered
in the appropriate column of the application form. However the Institute reserves the right to allot a
candidate to a centre other than those opted by him/her.)

Important Dates:
Date of availability of application forms and prospectus : Wednesday, April 05, 2017
Last date of availability of application forms and prospectus : Wednesday, May 10, 2017
Last date of receipt of completed application form : Wednesday, May 10, 2017
Date of entrance test : Wednesday, May 31, 2017
Tentative date for announcement of result : Thursday, June 22, 2017

All correspondence to be addressed to

The Director
INSTITUTE OF MATHEMATICS AND APPLICATIONS
ANDHARUA, BHUBANESWAR - 751029
E-mail: admission.ima@gmail.com
Web site: http://www.iomaorissa.ac.in
Contact Number: 9437044369 (Admission-in-charge) / 9437018369 (Director)