MSCF - Master of Science in Computational Finance - Carnegie Mellon University
computational finance, quantitative finance, program, degree, masters, master of science, MS, mscf, masters of science in computational finance, master of science in computational finance
www.cmu.edu
Key takeaways
- 2 year program
- total tuition fee $199,132 for 2 year in NYC
- strong reputation, rigorous course works, highly focused on computation
Program
ROUND 1
- Application Deadline: December 3, 2023
- Decision Notification: No later than March 1, 2024
- Deposit Deadline: March 28, 2024
ROUND 2
- Application Deadline: March 3, 2024
- Decision Notification: No later than May 3, 2024
- Deposit Deadline: May 23, 2024
Fees
PITTSBURGH
| ACADEMIC YEAR | FALL | SPRING | |
|---|---|---|---|
| Tuition | $64,000 | $32,000 | $32,000 |
| Student Activities Fee | $238 | $119 | $119 |
| Living Expenses - Housing | $12,570 | $6,285 | $6,285 |
| Living Expenses - Food | $7,542 | $3,771 | $3,771 |
| Books and Supplies | $2,212 | $1,106 | $1,106 |
| Health Insurance | $2,816 | $2,816 | |
| Personal and Misc. | $3,528 | $1,764 | $1,764 |
| Travel Allowance | $2,990 | $1,495 | $1,495 |
| Transportation Fee | $256 | $128 | $128 |
| Technology Fee | $460 | $230 | $230 |
| TOTAL | $96,612 | $49,714 | $46,898 |
As of April 20, 2023.
NEW YORK
| ACADEMIC YEAR | FALL | SPRING | |
|---|---|---|---|
| Tuition | $64,000 | $32,000 | $32,000 |
| Student Activities Fee | $238 | $119 | $119 |
| Living Expenses - Housing | $13,828 | $6,914 | $6,914 |
| Living Expenses - Food | $8,296 | $4,148 | $4,148 |
| Books and Supplies | $2,212 | $1,106 | $1,106 |
| Health Insurance | $2,816 | $2,816 | |
| Personal and Misc. | $3,872 | $1,936 | $1,936 |
| Travel Allowance | $3,588 | $1,794 | $1,794 |
| Transportation Fee | $256 | $128 | $128 |
| Technology Fee | $460 | $230 | $230 |
| TOTAL | $99,566 | $51,191 | $48,375 |
As of April 20, 2023.
Prerequisites/requirements
Admission prerequisites
- Calculus I and II
- Linear algebra
- Calculus-based probability
- A minimum of one-semester of an object-oriented programming language course (C++, Java, Python, C#). More than one semester is preferred.
Candidates with deficiency in one of these areas will be considered provided proper remediation is completed before enrollment, should an offer of admission be extended.
Requirements
- Online Application Form
- Current Resume
- Transcripts
- Official Test Scores - GRE or GMAT required
- English Language Proficiency Exam (Duolingo, TOEFL or IELTS)
- Application Fee - $125
Essays
There are two required short answer essays in addition to a 90-second video essay response.
You are first required to select your desired post-MSCF career path from a pre-defined choice group.
You will then respond to the following two short answer essay topics:
- Provide examples from your past professional or academic experience that highlight skills you have developed that will be directly applied in your above-selected functional area. (350 word max)
- Tell us about a time you had to overcome a challenge in order to succeed. (350 words max)
For your 90-second video essay, we want to learn more about your background and your professional motivation. You are required to respond to the following prompt:
- Provide the specific steps you took and resources you utilized to secure a previous academic or professional opportunity. Explain how this experience will benefit you in your desired career path.
Applicants can also upload an optional essay (2-pages max) to convey any additional information that the admissions committee should know in considering your candidacy.
Letters of Recommendation
Three Letters of Recommendation are required.
This is important because your application will not be forwarded to the Admissions Committee until the recommendation is received.
Curriculum
MSCF prep
Year 1
Mini 1:
Mini 2:
Stochastic Calculusfor Finance I
Mini 3:
Simulation Methodsfor Option Pricing
Stochastic Calculusfor Finance II
Mini 4:
Presentations forComputational Finance
Summer internship
Year 2
Mini 1:
Macroeconomics forComputational Finance
Electives: Choose two of four
Machine LearningCapstone Project
MSCF Studies inFinancial Engineering
Mini 2:
Electives: Choose three of five
Machine LearningCapstone Project
Market Microstructure& Algorithmic Trading
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