Carnegie Mellon University M.Sc Computational Finance Fees, Eligibility, Admission & Deadlines

Pittsburgh, PennsylvaniaLocation
UniversitySchool type
Estd1900established year
13869enrollment
Private (Not for Profit)
8.3/10

Master of Science [M.S] (Computational Finance)

2 years
Full Time
On Campus

₹48.7 L/Yr

$58,800 /Yr
14 Students Applied
5 Students Admitted
  • 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.

Tuition Fees

Year1st Year Fees
Tuition Fees₹4873932 (USD 58800)

Other Expenses

HeadAvg Cost Per Year
Room and Board₹1446265 (USD 17448)
Health insurance₹215763 (USD 2603)
Other Fees₹736643 (USD 8887)
Total Cost₹2398671 (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:

  • The students whose official language is not English are required to write IELTS or TOEFL exams before applying.

Scores Required

102 / 120

Avg. Score in

TOEFL

7.5 / 9

Avg. Score in

IELTS


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

NameScholarship Per StudentLevel of StudyType
Ritchie-Jennings Memorial Scholarship ProgramScholarship per studentVariable AmountLevel Of StudyBachelorTypeMerit-Based
TEC ScholarshipScholarship per student₹ 82,890/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Narotam Sekhsaria ScholarshipsScholarship per studentVariable AmountLevel Of StudyMasterTypeMerit-Based
QS scholarshipsScholarship per studentVariable AmountLevel Of StudyBachelorTypeMerit-Based
Jane M. Klausman Women in Business ScholarshipScholarship per student₹ 4.1 L/Yr$5,000Level Of StudyBachelorTypeMerit-Based
SWE ScholarshipsScholarship per studentVariable AmountLevel Of StudyBachelorTypeMerit-Based


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