Master of Science in Computational Finance ranked #1
QuantNet, a leading online news outlet in the field of financial engineering, has recognized the Master in Computational Finance (MSCF) program at Carnegie Mellon University as #1 in its 2013-2014 ranking of financial engineering programs. This is the second #1 ranking in a row for MSCF, which was also ranked first in the 2011-2012 Quantnet ranking.
"We created the first professional degree in computational finance almost 20 years ago, and now there are scores of them, including at Columbia, NYU, Princeton and UC-Berkeley," said Steve Shreve, Professor of Mathematical Sciences and one of the founders of the CMU MSCF program. "I believe we owe our leading position to the fact that Mathematical Sciences chose to create this degree jointly with the Tepper School of Business, the Department of Statistics, and the Information Technology Faculty in the Heinz College. To succeed in the finance industry, one needs a strong foundation in math, but one also needs to deal with data, write computer code, and understand the business environment. Inter-disciplinarity is a hallmark of Carnegie Mellon."
Although MSCF is inter-disciplinary, the Department of Mathematical Sciences plays a critical role, teaching a third of the curriculum and providing leadership in policy matters. The Department is deeply invested in the applications of mathematics to finance. The Department is home to the Bachelor's program in Computational Finance and graduates a steady stream of Ph.D. students whose research treats mathematical problems arising in finance.