Overview

Over the last 25 years, increased competition, advances in technology and the globalization of markets have dramatically lowered the cost and increased the speed and volume of data available for decision-making. Extensive regulation, implemented after the 2008 financial crisis, requires financial firms to better measure and control risk in their portfolios.

To succeed, bankers, traders and money managers must understand the proper use and limitations of the mathematical models on which their decision-making is based, the statistical analysis and probabilistic distributions driving economic forecasts and the management of software development necessary to implement these tools. Our Computational Finance students are trained to meet these industry needs.

Mission

The Carnegie Mellon University mission is to create a transformative educational experience for students focused on deep disciplinary knowledge; problem solving; leadership, communication, and interpersonal skills; and personal health and well-being.

To cultivate a transformative university community committed to :

attracting and retaining diverse, world-class talent;
creating a collaborative environment open to the free exchange of ideas, where research, creativity, innovation, and entrepreneurship can flourish
ensuring individuals can achieve their full potential.

To impact society in a transformative way — regionally, nationally, and globally — by engaging with partners outside the traditional borders of the university campus.

Programme Structure

Courses include:

Financial Computing
Fixed Income
Probability
Statistical Inference
Microeconomics for Computational Finance

Key information

Duration

Full-time
- 18 months

Start dates & application deadlines

Starting 2027-08-25 00:00:00
- Apply before 2027-03-03 00:00:00

Language

English

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IELTS

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Credits

30 alternative credits

Carnegie Mellon has adopted the method of assigning a number of “units” for each course to represent the quantity of work required of students.

Delivered

On Campus

Campus Location

Pittsburgh, United States

Disciplines

Finance Computer Sciences View 909 other Masters in Computer Sciences in United States

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Academic requirements

GRE^®

Required

GMAT

Required

English requirements

TOEFL^® IBT

Schedule TOEFL®

IELTS

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

Applicants should:

Have earned an undergraduate degree in a technical discipline such as mathematics, computer science, engineering or economics.
Have taken, at a minimum, two full semesters of study in differential and integral calculus, the caliber of which is required of engineering, math or science majors as well as ordinary differential equations, linear algebra, and a calculus based probability course.
Have strong academic performance in mathematics and probability coursework.

The following application components are required:

Online Application Form
Current Resume
Unofficial Transcripts of All Academic Work
Official GMAT Score (preferred) or GRE (accepted)

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

58000 USD / year

≈ 58000 USD / year
Out-of-State

58000 USD / year

≈ 58000 USD / year
Domestic

Applies to you

In-State

58000 USD / year

≈ 58000 USD / year

Living costs

Pittsburgh

United States

1148 - 1944 USD / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Financing

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Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

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Scholarships Information

Below you will find Master's scholarship opportunities for Computational Finance.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

On this page

About

Overview

Mission

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Tuition Fees

International Applies to you

Domestic

Living costs

Pittsburgh

Financing

Funding

Scholarships Information

Available Scholarships

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