Master of Science [M.S] (Computational Finance)
STEM Course
2 years
Full Time
On Campus
$58,800/Yr
$58,800 /Yr
- The Carnegie Mellon University offers an M.Sc in Computational Finance program for a duration of 2 years.
- It is a Full-time course.
- 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 students are trained to meet these industry needs.
- Job opportunities after the M.Sc in Computational Finance and the average salary goes up to 79,786 USD.
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Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $58800 (USD 58800) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room and Board | $17448 (USD 17448) |
| Health insurance | $2603 (USD 2603) |
| Other Fees | $8887 (USD 8887) |
| Total Cost | $28938 (USD 28938) |
Eligibility & Entry Requirement
Academic Eligibility:
- The average GPA of the students in this program is 3.0.
Work Experience:
- Work experience is not required.
Eligibility:
- A bachelor's degree from a regionally accredited college or university.
- A record of scholarly achievement at the undergraduate level. Applicants are expected to have a 3.0 (based on a 4.0 scale) cumulative undergraduate grade point average and a 3.0 in their major field of study.
Language Requirments:
Required Document List
Following are the required Documents:
- Test Scores: Official TOEFL or IELTS English proficiency exam test scores and also GRE Scores for Graduate Record Examination.
- Resume: Make sure to upload your résumé or CV underneath the Supplemental Information portion of the online application; It should be in PDF form.
- Letter of Recommendation: A letter of recommendation from an employer or teacher or the reference form from the Common Application may be used. This must be in English.
- Application Fees: A $60USD application fee.
- Transcript: A PDF of your most recent transcript from each college and/or university you attended, even if no degree was granted.
- Statement of purpose: A good statement of purpose typically includes why you're interested in this program, your qualifications, and your goals.
Career and Placement after Course
Following are the Job opportunities for an M.Sc in Computational Finance are:
- Financial Analyst.
- Financial Services Sales Agent.
- Financial Manager.
- Personal Financial Advisor.
- Investment Banker.
- Insurance Finance Manager.
- Financial Consultant.
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Deutschland Stipendium Program | Scholarship per student$ 4,363/Yr$4,363 | Level Of StudyBachelor | TypeCollege-Specific | |
| JN Tata Endowment Scholarship | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| Paul Foundation scholarships | Scholarship per student$ 20,174/Yr$20,174 | Level Of StudyDiploma | TypeMerit-Based | |
| 1st Formations Business Scholarship | Scholarship per student$ 800/Yr$800 | Level Of StudyBachelor | TypeMerit-Based | |
| The Kay-Grant Group Scholarship | Scholarship per student$ 1,000/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| FINCAD Women in Finance Scholarship | Scholarship per student$ 20,000/Yr$20,000 | Level Of StudyMaster | TypeMerit-Based |
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Faculty, schools and campuses
College of Engineering, Carnegie Mellon UniversityPittsburgh, Pennsylvania
- College of Fine Arts, Carnegie Mellon University
Pittsburgh, Pennsylvania
- Tepper School of Business
Pittsburgh, Pennsylvania
Important Dates
| Program | Important Dates |
|---|---|
| M.S Computer Science | Early Application Deadline For Fall 2024 Intake (29th Nov 2023) Final Application Deadline For Fall 2024 Intake (13th Dec 2023) |
| Master of Information Systems Management | Application Deadline For 2024 Intake (1st Apr 2024) |
| M.S Artificial Intelligence and Innovation | Early Application Deadline Fall 2023 (29th Nov 2022) Fall Semester 2022 Duration (9th Dec 2022) Final Application Deadline For Fall 2023 (12th Dec 2022) Duration of Spring Semester 2023 (28th Apr 2023) |
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