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 2025-08-26 00:00:00
- Apply before 2025-03-03 00:00:00

Language

English

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

Disciplines

Finance Computer Sciences View 494 other Masters in Finance in United States

Academic requirements

GRE^®

Required

GMAT

Required

English requirements

IELTS

Schedule an IELTS test!

TOEFL^® IBT

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

Additional medical costs (i.e. dental)
Repatriation, if something happens to you or your family
Liability
Home contents and baggage
Accidents
Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at Carnegie Mellon University and/or in United States, please visit Student Insurance Portal.

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 Fee

To always see correct tuition fees

International

64000 USD/year

Tuition Fee

Based on the tuition of 64000 USD per year during 18 months.
National

64000 USD/year

Tuition Fee

Based on the tuition of 64000 USD per year during 18 months.
In-State

64000 USD/year

Tuition Fee

Based on the tuition of 64000 USD per year during 18 months.

Living costs for Pittsburgh

1148 - 1944 USD /month

Living costs

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

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.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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.

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