Dr Anandadeep Mandal

Dr Anandadeep Mandal

The Department of Finance
Associate Professor in Finance
Scotcoin Distinguished Chair of Digital Finance and Programme Director MSc Financial Technology

Contact details

University of Birmingham
B15 2TT

Dr Anandadeep Mandal is an applied mathematician with both theoretical and empirical interests in the field of quantitative finance. He also has a keen interest in formulating strategies through ‘data-driven problem solving’ approach. His research underpins a desire to learn, understand and explain the complex dynamics of the key issues in the society ranging from financial economics to healthcare.

Apart from mainstream disciplinary journals, he has several high impact articles involving inter-disciplinary collaborations on health applications, leading to decision making by health organizations like the NHS and the UK government.


  • PhD on Probability Distribution Fitting, Cranfield University (2016)
  • MRes in Management Science, Cranfield University (2012)
  • MSc in Finance and Investments, Durham University (2008)


Undergraduate: Advanced Finance
Postgraduate: Big Data Management and Risk Management for MSc Financial Technology and MSc Investment students.

Postgraduate supervision

Themes: Asset Pricing, Risk Analytics, Derivatives Market, Investment Science.
Applied Techniques: Stochastic Processes, Econometrics, PDEs, Stochastic Calculus, DGSE processes.


Recent publications


Mandal, A, Kaushal, A & Acharjee, A 2024, 'Climate-related discussions on social media: critical lessons for policymakers', National Institute Economic Review. https://doi.org/10.1017/nie.2024.7

Kaushal, A, Mandal, A, Khanna, D & Acharjee, A 2023, 'Analysis of the opinions of individuals on the COVID-19 vaccination on social media', Digital Health , vol. 9. https://doi.org/10.1177/20552076231186246

Reddy, RC, Bhattacharjee, B, Mishra, D & Mandal, A 2022, 'A systematic literature review towards a conceptual framework for enablers and barriers of an enterprise data science strategy', Information Systems and e-Business Management, vol. 20, no. 1, pp. 223-255. https://doi.org/10.1007/s10257-022-00550-x

Sethi, S, Manuelpillai, N, Mandal, A, Simpson, O, Morrissey, H, Ball, P, Sharrod-Cole, H, Ford, C, C. Whitttiker, A, Drayson, M, Race, A, Bateman, J, Basu, S & Cotton, J 2022, 'COVID-19 seroprevalence after the first UK wave of the pandemic and its association with the physical and mental wellbeing of secondary care healthcare workers', Brain, Behaviour, and Immunity Health, vol. 24, 100492. https://doi.org/10.1016/j.bbih.2022.100492

Oliveira, AMBDO, Mandal, A & Powers, G 2022, 'Impact of COVID-19 on stock indices volatility: long-memory persistence, structural breaks, or both?', Annals of Data Science. https://doi.org/10.1007/s40745-022-00446-0

Kaushal, A, Acharjee, A & Mandal, A 2022, 'Machine learning based attribution mapping of climate related discussions on social media', Scientific Reports, vol. 12, no. 1, 19033. https://doi.org/10.1038/s41598-022-22034-1

Morrissey, H, Ball, P, Mandal, A, Nevil, A, Paneesha, S, Basu, S, Karim, F, Hossain, MI, Phillips, N, Khawaja, J, Tanswell, J, Murray , D, Randall , K, Murthy , V, Kishore , B, Nikolousis , M, Pratt, G, Neilson , J, Pemberton , N & Wandroo , F 2021, 'COVID-19 in hematology patients: real world experience in hospitals in the UK West Midlands', Journal of Blood & Lymph, vol. 11, no. 6, 254. <https://www.hilarispublisher.com/blood-lymph/current-issue.html>

J. Power, G, Rani, N & Mandal, A 2021, 'Corporate control and the choice of investment financing: the case of corporate acquisitions in India', Review of Quantitative Finance and Accounting. https://doi.org/10.1007/s11156-021-00987-0

Sethi, S, Kumar, A, Mandal, A, Shaikh, M, Hall, CA, Kirk, JMW, Moss, P, Brookes, MJ & Basu, S 2021, 'The UPTAKE study: implications for the future of COVID-19 vaccination trial recruitment in UK and beyond', Trials, vol. 22, no. 1, 296. https://doi.org/10.1186/s13063-021-05250-4

Sethi, S, Kumar, A, Mandal, A, Shaikh, M, Hall, CA, Kirk, J, Moss, P, Brookes, MJ & Basu, S 2021, 'The UPTAKE study: a cross-sectional survey examining the insights and beliefs of the UK population on COVID-19 vaccine uptake and hesitancy', BMJ open, vol. 11, no. 6, e048856, pp. 1-11. https://doi.org/10.1136/bmjopen-2021-048856

Moreira Barreto de Oliveira, A, Binner, J, Mandal, A, Kelly, L & J. Power, G 2021, 'Using GAM functions and Markov-Switching models in an evaluation framework to assess countries’ performance in controlling the COVID-19 pandemic', BMC Public Health, vol. 21, no. 1, 2173 , pp. 1-14. https://doi.org/10.1186/s12889-021-11891-6

Mandal, A 2020, 'COVID-19 in haematology patients: A multi-centre West Midlands clinical outcomes analysis on behalf of West Midlands Research Consortium: Impact of COVID-19 on Haematology Patients', British Journal of Haematology.

Whitmill, R, Basu, S, Mandal, A, Usung, U, Babai, A & Mohamed, M 2020, 'Critical Care Support Improves Outcome of Haematology Admissions: A Retrospective Analysis during COVID Pandemic from UK: Importance of Critical Care during COVID-19', Blood, vol. 136, pp. 17-18. <https://ashpublications.org/blood/article/136/Supplement%201/17/473967/Critical-Care-Support-Improves-Outcome-of>

Mandal, A, Poshakwale, S & J. Power, G 2020, 'Do investors gain from forecasting the asymmetric return comovements of financial and real assets?', International Journal of Finance and Economics, pp. 1-46. https://doi.org/10.1002/ijfe.1961


Morrissey, H, Ball, P, Mandal, A, Nevil, A, Paneesha, S, Basu, S, Karim, F, Hossain, MI, Phillips, N, Khawaja, J, Stone, J, Murray, D, Randall, K, Murthy, V, Kishore, B, Nikolousis, M, Pratt, G, Neilson, J, Pemberton, N & Wandroo, F 2020, 'COVID-19 in haematology patients: a multicentre West Midlands clinical outcomes analysis on behalf of West Midlands Research Consortium', British Journal of Haematology, vol. 192, no. 1, pp. e11-e14. https://doi.org/10.1111/bjh.17136

View all publications in research portal


Health and NHS, Business and Economy, Benefits, Cost of Living and Tax, Climate and Environment, Foreign Affairs and International Aid