Master of Science in Computational Finance at Carnegie Mellon University (CMU)

Carnegie Mellon University, well-known for its prestigious programs, offers a Master of Science in Computational Finance through the Tepper School of Business. This comprehensive program spans over two years and provides students with in-depth knowledge and skills in computational finance. The tuition fee for this program is approximately USD 58,800. To gain admission, prospective students need to demonstrate their English language proficiency. The university accepts scores from both the IELTS and TOEFL exams. With its strong emphasis on practical and theoretical learning, Carnegie Mellon University is an excellent choice for those looking to excel in the field of computational finance. As per GyanDhan Grading, this course maintains a high standard, making it a sought-after option for students worldwide.

12th Grade

There is no specific cutoff mentioned for 12th grade requirements.

Graduation

Applicants must hold a four-year bachelor's degree from an accredited college or university in the U.S. or an equivalent degree from a foreign country before starting the program. Prerequisites include: Calculus I and II, Linear Algebra, Calculus-based probability, and an object-oriented programming course (like C++, Python, Java, or C#). Applicants with gaps in these areas may be considered if they complete the necessary courses before enrollment.

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GRE

Marks: No specific cutoff mentioned

There is no specific cutoff mentioned for GRE.

TOEFL

Marks: No specific cutoff mentioned

There is no specific cutoff mentioned for TOEFL.

IELTS

Marks: No specific cutoff mentioned

There is no specific cutoff mentioned for IELTS.

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Carnegie Mellon University Application Process

Step 1: Prepare Documents for Application

Letters of Recommendation (LOR)

Submit three Letters of Recommendation. Choose people who know you well and can provide specific and relevant information about your potential for academic and career success.

Essays

Complete two required short-answer essays and a 90-second video essay response.

• Short-Answer Essay 1: Share an example from your past professional or academic experience that highlights a skill you developed that will be directly applied in your chosen functional area. (350-word max)
• Short-Answer Essay 2: Explain how you became interested in the field of quantitative finance. Identify any skills you are currently lacking and how the MSCF program will uniquely equip you with the knowledge you need for career success. (350 words max)

For the 90-second video essay, respond to this prompt:

Explain the specific steps you took and the resources you used to secure a previous academic or professional opportunity. Describe how this experience will benefit you in your desired career path.

Applicants may also submit an optional essay (up to 2 pages) to provide any additional information.

CV

Submit a resume that is one to two pages long, highlighting your professional achievements. Use a standard font like Times New Roman or Arial, 12-pt. size. It is required to include the month and year for the start and end dates for each position held.

Step 2: Additional Documents Required

Upload clear, scanned copies of official transcripts and degree certificates showing your name, degree earned, and the date of completion for all institutions attended, including exchange programs and transfer credits. If the transcript is in a language other than English, include an official translation following World Education Services (WES) Standards.

• Proof of English Language Proficiency (ELP) scores
• Proof of GRE or GMAT score
• A statement on the academic documents indicating that the primary language of instruction was English

Step 3: Start Your Online Application

Access the online application here: Carnegie Mellon University MSCF Application

Step 4: Application Fees

• Application fee: USD 125 (approximately INR 10.53 Thousand)
• Payment mode: Credit card

Calculated at the exchange rate of 1 USD = INR 84.27 | Tuition & expenses were last updated in December 2024"