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Learner Reviews & Feedback for Python and Machine Learning for Asset Management by EDHEC Business School

3.1
stars
325 ratings

About the Course

This course will enable you mastering machine-learning approaches in the area of investment management. It has been designed by two thought leaders in their field, Lionel Martellini from EDHEC-Risk Institute and John Mulvey from Princeton University. Starting from the basics, they will help you build practical skills to understand data science so you can make the best portfolio decisions. The course will start with an introduction to the fundamentals of machine learning, followed by an in-depth discussion of the application of these techniques to portfolio management decisions, including the design of more robust factor models, the construction of portfolios with improved diversification benefits, and the implementation of more efficient risk management models. We have designed a 3-step learning process: first, we will introduce a meaningful investment problem and see how this problem can be addressed using statistical techniques. Then, we will see how this new insight from Machine learning can complete and improve the relevance of the analysis. You will have the opportunity to capitalize on videos and recommended readings to level up your financial expertise, and to use the quizzes and Jupiter notebooks to ensure grasp of concept. At the end of this course, you will master the various machine learning techniques in investment management....

Top reviews

ST

Apr 9, 2020

The topics covered in this course are really interesting. I learned a great deal by studying various papers covered in this course - Thank you to both instructors!

AR

May 11, 2022

Very nice course sharing many types of knowledges around data / cleaning / type of data / several algorithms / organised Python coding

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1 - 25 of 134 Reviews for Python and Machine Learning for Asset Management

By Semant J P

•

Jan 13, 2020

First about me - I been deeply involved in data science, and machine learning and trade on the financial markets. So, in addition to solid academic credentials, I have a real life practical experience. I took this course to check if there were some additional skills I could learn.

I was sorely disappointed. This is a completely useless course.

The first two courses in this specialization were amazing. This has been the worst organized and least practical course. As other reviews have pointed out, academic research on regime filtering was pandered out as machine learning in finance. I was expecting to learn practical instances of using supervised, unsupervised, deep learning used in finance. There was nothing of this sort.

I have never seen Q-Q plots being used in investment/hedge funds - we talk about annualized returns, standard deviation, Sharpe ratio, and drawdowns. These statistical markers were used by Vijay in the first two courses. Not here.

This course needs to be rebuild from scratch - and Vijay needs to be brought back in for real practical application of ML in financial services.

By Soheil S

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Jan 19, 2020

It was a terrible experience taking this course. Despite the two first courses, this one is disappointing! the ML instructor does not offer any useful material and all of the ML lectures contain ambiguous and useless material. The worst part is the quizzes. the multiple choices include ambiguous answers and that you should choose more than one and the ridiculous part is that either you would get the full mark or nothing! even if you choose some choices correctly and you never know what was your mistakenly chosen choice! I've tried the week 2 quiz for 9 times and have not been yet successful to pass it.

It's overwhelmingly complicated and unclear.

I didn't expect such a terrible course from EDHEC Business School and Coursera!

By Keith W

•

Nov 20, 2019

The jump in Python programming was not handled well - it was far too complex and an order of magnitude more complex than anything that had come before. I enjoyed the theory, but feel lost with the Python component. A 12 minute lab session with a Princeton grad student was not nearly enough to grasp the material. Bring back Vijay who is excellent in teaching Python!

By Mirkamil G

•

Apr 18, 2020

Interesting thema but bad cunstruction!

As I was enrolling in this course, I was excited to thinking about I can solve financial problems with ML on my own. But I must say I am totally disapointed after I finished it.

This is really berrible copparing to the first two courses from this specialization. The Master Vijad was so inspireble, he should come back and explian us how the Leb-Sessions was build and how can we use the programms, specially the Leb-Session for "Clustering and Grafical analysis for diversification" should be add on.

The PHD students were just reading what was happening on the slids from Prof. and even so, they read it wrong several times.

Acctually, this course can split to more than five weeks and evey details should explained specifically like the first two courses in this specialization. Maybe the Prof. Mulvey shold also find out this construction was kind of tight for someone who come from whith data-analyst or data-scientist background.

If the Master Vijad come again, I would think about to take this course one more time!

By Serg D

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Nov 23, 2019

Well, that was disappointing. What was the point bringing Princeton into this? Looks like edhec does not have in house ml experience. I did not find this course, exercises and labs to be practical at all. As another commentator said bring back Vijay!

By Dirk W

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Feb 5, 2020

Honestly, for this course, in the present state of work in progress, I can't give more than 1 star. Not well-constructed course, no right balance between theory and lab sessions. Theory on Machine Learning is on basic high-level concepts. Even the visual format of the lecture videos is irritating. Lab sessions are not always present, or not explained in a detailed manner, which is really a problem.

Stars are also missing because of a few frustrating quizzes and because of the lack of (quick/relevant) responses or answers of the moderators in the forum.

Please rework this course, with the high-quality other courses of this specialisation as example; please also take also the remarks of the students in the forum into consideration.

By Francisco C

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Jan 17, 2020

I learned about how can be used the machine learning in asset management, but to much theory and nothing practical. We received the lab done, and could not understand how implement. I missed the lab of the first two courses.

By Nicholas P D

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Mar 15, 2020

The first two courses were very well done. This one is not even close to helpful. In the first two courses the Jupyter lab sessions were my favourite and really brought all the concepts together. The prof would go step by step through the code, even if it took an hour. In this course, I completely dread the lab sessions. They are only 15 minutes long and dump 200+ lines of uncommented code on you to deal with yourself. Also, it would be really nice if they could add presentation slides. All the lectures take twice as long because I have to pause and write down the formulas. It's sad because I used to look forward to learning, now I am just here to finish the specialization.

By Xinhao

•

Mar 12, 2020

This is the worst course of this 4-courses specialization due to the useless lab-session. I miss VJ so badly....lol

By Antony J

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Oct 14, 2020

I thought this was an excellent course that covers a wide range of applications of machine learning methods to investment management that have been published in top peer-reviewed finance and statistics / operational research journals. There is enough material in the excellent Python labs to lay the foundation for at least 6 months' worth of further research study.

A cautionary note: this is fast-paced and will most benefit learners who already have a foundation in machine learning from, for example, Andrew Ng's famous course. I also recommend first completing the preceding two courses in the specialization. This could be a tough course to take in isolation.

By Ziheng C

•

Dec 24, 2019

Personally, this is the BEST online course I have ever seen. For students with basic knowledge in machine learning and finance, this can help them improve a lot, especially helping them to combine these two things. In addition, the viewpoint of Professor John Mulvey is sharp and indicate directions for applying ML in investment management courses. Best course ever.

By Michinori K

•

Feb 13, 2020

This course is clearly of lower quality than the previous two courses of the Investment Management with Python and Machine Learning Specialization. Quiz is too ambiguous and very painful to pass.

By Tommy L

•

May 20, 2020

This course is absolutely horrible. Large majority if not all of the content is just fluff. The quizzes have very little to do with the lectures or labs. Also some of the quiz questions are just wrong or are irrelevant. The code in the labs is low quality. The lecturer is bad at teaching and explaining concepts.

By Andrea C

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Jan 9, 2020

John part is really confusing and not well explained. his slides and very high level and labs are very low level with basically no explanation. The rest of the course is fine.

By ALI R

•

Jun 9, 2021

According to risk.net, Princeton University (Bendheim Center for Finance) is the best school in the world in the field of quantitative finance and the content of the course was very rich in my opinion, especially with that recently updated/added lab session. I would like to appreciate that new content. But there are a few problems for students that can be easily solved. The first problem is that some questions in the quizzes are confusing and there is nothing in the course material regarding them. The second problem is that some of the references, especially papers and reports are not available easily for further study. On MOOC1 and MOOC2 we don't have this problem. The third problem is that the students need more in-depth training on the ML techniques used in the course as most of them are new to ML field. Referring to a book is not a good way of training. The fourth problem is about the Labs. The course Labs need someone like Vijay as was in MOOC 1 and 2. These points are from a lazy student's perspective. I, personally believe that course is very rich as it presents real applications of the finance world and students can gain a lot if they consider the course demanding their further effort on learning ML and playing around with the data and codes. So, if we consider the course demanding which is not possible for every student, It is a perfect complement for MOOC1 and 2. So, I would like to thank you professor Mulvey, and lovely Lionel. Students should be grateful to you. In the end, I would like to ask this course developers to add more real applications to the course.

By Aqsa

•

Dec 8, 2020

Excellent course, very helpful for my research work

By Henry W

•

Apr 28, 2020

Professor Lionel is astute and insightful like he was in the first two courses. However the Machine Learning part taught by the other instructor and his PhD students is very lackluster; lacking explanations in both concepts and technicalities. The lab sessions and notebooks are poorly presented, libraries of codes are thrown without good explanation. The quiz questions are not covered by the content of the course, yet they are can be trivially answered, therefore the quiz completely fail to challenge the learners' understanding. As much as I liked the first two courses, I am afraid I cannot recommend this third course.

This course needs a complete rehaul, and NOT be taught by the same machine learning lecturer. Also the labs should preferably be taught in a similar style to Vijay. The combination of Lionel's insight and Vijays thoroughness is just too perfect. Its a shame Vijay cannot teach the 3rd course.

By Kasper U

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Dec 15, 2020

Unfortunately, not nearly as good as the other MOOCs. Video sessions very "high level" and lab sessions extremely short. For a learner it was really hard to gain anything except from a conceptual understanding. Not bringing the learner anywhere near to implementing nor understanding the underlying mechanics. Additionally, for a non-Python person it was absolutely nonsense. No explanation of the code. Do data handling. No hands on... All in all a sad experience compared with MOOC 1 and 2.

By Michael L

•

Aug 11, 2022

This course is excellent! At first one might think that the videos and quizzes in the material gives an first impression and introduction to the topics and that the course ends there, after having completed the quizzess and earned the necessary points for graduating. But, by spending more time actually reading into the suggested research papers, thoroughly going through all the great material (data, notebooks, academic papers) that the team at Princeton and Edhec has been so kindly to provide, the full benefits of taking this course really starts kicking in. I felt a I got a real good introduction to the topics from the videos and quizzes, but as a full-time finance professional, the greatest benefit has been the extensive amount of supporting material that I still use and come back to, to gain new perspectives and inspiration that I can learn from and utilize in my own work!

By Alejandro d H D

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Feb 3, 2022

The course is not an specialization on machine learning. It is a trip over the state-of-the-art machine learning techniques and how to apply them to financial data. You should have some previous knowledge about machine learning if you want to go through this course. If you dont have any previous knowledge, the course offers references to all the algorithms studied. Overall, a great explanation of the application of those techniques to the financial markets.

By Erick I A

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Apr 9, 2020

It was an amazing course, but definitely I will suggest for you that want to take this course to have a knowledge of investment, statistics and python. I totally recommend this course.

By Peter H S

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Aug 2, 2022

Excellent content! Great programming notebooks from Princeton University.

By Hatem H

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Mar 8, 2023

Useful ML technics, great python notebooks

By Farid N

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Aug 21, 2022

The ideas did not explain clearly and explicitly. They want to cover many topics but all in general so that you do not understand deeply what is going on.

By anurag j

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May 31, 2020

Please consider adding additional videos for the lab sessions, as one can not gain the Machine Learning python coding skills from PPT slides!