Computational Finance at Carnegie Mellon

The Bachelor of Science program in Computational Finance (BSCF) at Carnegie Mellon is an applied mathematics program with finance as a well-developed application area. BSCF consists of courses in mathematics, finance, probability/statistics, and computer programming. It is a joint program of the Mellon College of Science (MCS), the Tepper School of Business, and the Heinz School of Public Policy and Management. A student in either MCS or the Tepper School can have Computational Finance as a primary major. Students in any college can have Computational Finance as a secondary major or minor.

The BSCF program includes advanced undergraduate mathematics. Because most graduates are expected to enter banks or other financial firms, students who major in BSCF prepare for their careers by also taking graduate courses in the Heinz School on professional speaking, professional writing, and organizational design.

BSCF grew out of the Master of Science in Computational Finance (MSCF), program and BSCF majors take the MSCF course 45-816 Studies in Financial Engineering. The MSCF program, begun in 1994, was the first computational finance Master's program in the world, and it has established Carnegie Mellon as a leader in this new discipline. The BSCF program was founded because recruiters sought undergraduates with skills in the same key areas of finance, mathematics, statistics and programming as they desired at the Master's level. The first BSCF class graduated in 2003, and since then most BSCF graduates have taken positions at major investment banks, including Bank of America, Citigroup, Deutsche Bank, Goldman Sachs, and UBS. One BSCF alumnus is with the hedge fund Citadel, three have gone into Master's programs in financial engineering, and one is in the Ph.D. program in finance at Columbia University.

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