The Business-Minded Mathematician

Grads in High Demand

The new reality on Wall Street is that finance, mathematics, statistics and computer science have become inextricably linked. So Carnegie Mellon is offering students a new program that brings these disciplines together: the bachelor of science in computational finance.

"On a daily basis, we see the financial industry identify new economic sectors that require management to secure their future growth and minimize their business risk," said Mellon College of Science professor Steve Shreve, who directs the program. "Our graduates are at the forefront of developing mathematics-based tools for managing these risks."

While mathematics is at the heart of the program curriculum, courses in finance and financial engineering are provided through the Tepper School of Business and courses in communications and organizational design are provided through the Heinz School of Public Policy & Management.

Bringing together the finance and communication skills, as well as in-depth knowledge of mathematics, statistics and computing, gives students an edge over their competitors in the market.

"There is tremendous demand for people with this combination of skills," added Shreve.

Carnegie Mellon offers interdisciplinary quantitative finance programs at every degree level, reflecting the university's strategic investment in this growing field.

In 2006, the program's graduates had a 100 percent placement rate, with several students receiving multiple offers well before graduation. The program also achieved 100 percent placement rate among rising seniors seeking internships.

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