MBA/Master of Computational Finance

The dual degree MBA/MSCF program gives quantitatively strong students a gateway to leadership positions in the world’s financial centers by partnering with the university's Masters in Computational Finance program, the #1 ranked financial engineering degree in the U.S.

 

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A rare and winning combination of analytic rigor and practical business skills, the Finance MBA / MSCF dual degree is a financial engineering-focused option. 

As MSCF students, dual degree students are taught:

  • traditional finance theories of equity and bond portfolio management
  • stochastic calculus models on which derivative trading is based
  • application of these models in both fixed income and equity markets
  • computational methods including Monte Carlo simulation and finite difference approximations of partial differential equations
  • statistical methodologies, including regression and time series.

As MBA students, through a variety of MBA electives, the dual degree draws upon the strength of Tepper School’s prize-winning finance and economics departments and is further broadened by a host of MBA marketing, strategy, communications, and operations courses. For a career in financial services, this dual degree is option is exceptionally strong due to its rigor and holistic integration of finance, programming, math and statistics departments from across the Carnegie Mellon campus.

PROGRAM STRUCTURE

The dual degree is offered by the Master of Science in Computational Finance program in conjunction with the MBA program from the Tepper School of Business. We encourage students interested in this option to compare it to other business schools. It is rare to find another program with the level of integrated partnership offered via a top-ranked MBA program and a #1 ranked financial engineering program...all in five semesters of coursework

Offered on our Pittsburgh campus, the dual is twenty-four months in duration. Matriculating in August, the dual MBA/MSCF student completes a fall and spring semester and a summer internship (strongly encouraged but not required), and returns in the fall, graduating in August of the second year.

Completion of the Finance MBA/MSCF dual degree requires a combined 42 courses from the MBA and MSCF programs.

Students must be in residence for five consecutive semesters (excluding the summer internship).

ADMISSIONS

Students must meet the admissions requirements for both the MBA and MSCF programs.

Applicants are required to submit both the online MBA and online MSCF applications separately, including completing each application's required essays. Three letters of recommendation are required which, along with transcripts and test scores, can be shared between the applications. Applicants are only required to pay one application fee.

Due to the sequential nature of the dual program structure, students must apply to both programs simultaneously prior to matriculating. Current MBA or MSCF students cannot apply to become a dual student.

Tuition & Financial Aid: Students pay three semesters of MBA tuition at the rate for full-time MBA students and two semesters of MSCF tuition at the rate for full-time MSCF students. Merit scholarships and loans are available to eligible students.

PLACEMENT

The Career Opportunities Center at the Tepper School of Business works directly with dual degree students to assist them in developing career plans, seeking summer internships and conducting searches for permanent employment opportunities. Historically, employment opportunities for dual students are strong and competitive, both for internships and full-time employment.  Data regarding internships, full-time employment, recruiters and salary statistics provide an excellent overview.