Content wise this course is excellent, quant finance enthusiasts would love this course. Truth be told this is an insanely difficult MOOC to pass/complete, not because its hard, lets face it, the contents are very advanced and its assumed that students would have background in advanced finance, but the problem lies in the fact that the professor does not explain the topics well enough. The professor might be excellent in this field but simply can't explain well enough, he is mostly reading his notes/slides with a few drawings. Second problem is the notations used in the course is extremely confusing, it makes maths look scary. This could have been a the best MOOC on Coursera but the professor's explanation is simply not upto the mark.

I've been a market risk manager for 10 years. All I can say is the this course deliver very poor explanation on concept and understanding. It mostly focus on the formula without any meaningful of the equation. Exam questions are mostly grinding through the number and remembering the formula. Don't waste your time if you want to understand the meaning of the math behind.

Doing this course takes longer than stated and needs constant research to understand what is missing in the classes lectures. Some problems are the assumption of finance jargon is known and pricing formulas are given without fully explaining its origins stating its simple algebra.

4* for the material, 2* for the way it way taught. 3* is the average.

The course is very challenging. I felt miserable while doing most of the assignments. Math background is required.

What was good: the topic is relevant to my job. There are very few courses on this topic. The course is pretty logical and covers the problem in general.

What was bad:

1. The examples are not worked through. No excel examples. If you want to get the numbers from the slides, you have to replicate the calculation process almost from scratch.

2. The way the instructor explained the things confused me in the cases when I knew the idea in advance. I mean I used to understand the concept, and then I stopped understanding it (e.g. PCA).

3. The assignments are time consuming. There is no way to check the process. Once you end up with a wrong answer, there is no way to check if it is as arithmetical error or you got the idea wrong in general.

4. No study books or other reference or explanatory material

5. Forum is almost dead

6. Jumping back and forth from simple yield to exponential was confusing. I ended up trying different yields in the assignments. Is there anybody in the real world who uses exponential yield for bonds??

7. There were few cases in the assignments, when I ended up trying all formulas from the slides which seemed to be relevant. I did not get the idea, I was just persistent in trying everything I could. There were few time when I used wikipedia instead of slides. I still don't know where the correct formulas are on the slides. I did not find them.

8. Math assignments. How do you type in those formulas? Coursera help page did not help.

the explanation is hard to understand even for me a cfa charterholder and frm certified

very poor presentation

Probably the most rigorous course on Coursera. Requires solid effort worthy of a graduate course. Kudos to the professors, TAs for putting together the assignments.

If you don't take this course as a part of your university degree and you won't get 5 credits for it, I don't think it worth passing this course. However, you can take it and do it at your convenience.

Whereas the contents of this course are strongly relevant for every quant, and the level of this course is uniquely advanced (it's hard to find anything that advanced in Coursera, at least for quants), I was very mad about the assignments. They are definitely too cumbersome for this platform. Coursera is not the university, the certificates from here don't matter anything for the employers, they only show that you are doing something for your self-development, but nothing more.

So, the problem is that assignments require to spend really a plenty of time for doing them. Many questions require several computational (and not very easy) steps, and everything can go wrong at any of those, and after submission you'll see only that your answer is wrong. But you don't know where you've made a mistake, and you go to the discussion forums, compare some intermediary answers and check your code again and again. The most obvious solution would be at least to split these questions step-by-step.

One could say that in real work you'll face same problems, but according to my experience, it's not true (or at least you get paid for it). You definitely won't have to manually fill in bonds cash flows in huge matrices, and definitely you won't have to do bootstrap manually too.

Also it seems that the course staff doesn't answer forums discussions anymore, but it may be not true.

Coursera is needed for acquiring new knowledge, but not for parenting stubborn and persistent graduates. I've spent more time only solving the final quiz than I've spent on many other full courses here.

Why did I pass this course? I needed it for my job, and my corporate Coursera license would be cancelled if I wouldn't finish it :)

I gave 3 stars because the content is really good.

Very interesting course. Would be great if there is a second part of this course about modern pricing with OIS swap, collateral ...

Great course! Level of difficulty is about first or second year Ph.D. in economics/finance. I learned a lot.

-Michael

Great course and I learned a lot from it, much more than I initially anticipated. The staff is very supportive and gives right advise when there is a need. Would like to see more intuitive explanations along with the mathematical derivations. Not an easy course but really worth to take it to the end.

Great course! If you have not deep economic/financial background (f.i., I am an engineer) you should not rely too much to the expected time required to complete the week assignment, especially weeks 4 and 5. Lectures have a marked mathematical facet (it's a financial mathematics course, after all!) and exercises are well designed to make you understand the matter. The final exam stays in ~200 lines of Matlab (comments included), so if you are committed you will succeed.

The notations used are not clear. The instructor is not making the course as simpler as it's to be.

One of the most interesting, most important (for me) of all courses I took so far and THE WORST delivery ever! I can't say anything about knowledge of Mr Filipovic (it's not for me to judge) but I can read books on my own. What I mean is that Mr Filipovic's role in this course was but reduced to read slides. Nothing else!!! If it wasn't (unfortunately years ago) Sander Willems and couple of good students... Last but not least - if the result calculated by python is 60.7005 and the result accepted by grader is 60.73 (we were expected to provide answers up to 2 decimal points) then something is wrong.

They have asked to do some assignments but gave no assignments. I tried to unenroll from this course but that option wasn't given to me either.

5 stars for the great content. Learned a lot. Especially about curve bootstrap, HJM and calibration of HJM models. Bigs thanks to Damir Filipovic and the team making this course possible!

It would be great to have any other course on quant finance topic from Ecole Polytechnique.

For those who want to take the course:

Yes the content is superb and the course worth taking if you are into quant finance. Expect to work on the problems much more than the suggested time, even more if you want to understand the math behind. For example, I was already familiar with mathematics of risk neutral pricing and understood the change of measure technique. The latter I would put in prerequisites for the course, otherwise one will have to learn it from other sources while completing the course.

I find the course quite informative with concise material. it breaks down a complex topic into simpler parts. The course has a practical approach rather than delving deep into calculus. It's one of the few courses that I would pay money for. Rather than writing all the positives here, I'll focus on a few things that could have been done better, was to have a few examples worked out in the lectures. Also, Graded quizzes are tough and slow down the learning experience. it can be better if there are some sort of hints (solution at intermediate steps) to know whether your approach is right or not. Lastly, the discussion forum is dead but few answers in the forum were quite helpful.

Very interesting and engaging course. It covers relevant topics in fixed income derivatives. It's rather challenging and requires some prior knowledge of quantitative finance/mathematics (and more time than stated in the syllabus :)). Also not possible to pass without some programming skills. What I didn't like is that instructor didn't provide economic intuition behind math formulas and models but rather presented them from a purely mathematical perspective.

Very demanding and useful course. I learnt a lot!! It's definitely the best class that can be found on the stochastic short rate models!!! Thank you very to you Professor Filipovic and to all the person involved!!

Just one word of caution: the announced necessary time to perform practice and graded tests are often underestimated.

Thank You Professor Filipovic and Ecole Staff/Team...It was an exhausting course. It feels like I have earned it. I Look forward to more courses on Stochastic Calculus. Professor/Staff Please enlighten us with more quantitative finance courses......Sincerely Gourab Chakraborty