The MS-CF&RM degree program is ideally suited for:
- Finance professionals with several years of experience
- MBA graduates with exceptionally strong quantitative and computational skills and an exceptionally strong academic record
- Individuals who have completed an undergraduate, or a Master's degree, with a strong academic record in a science or engineering field, including applied mathematics, economics, mathematics, physics, statistics, computer science or electrical engineering.
The Certificate programs are best suited for:
- Professionals that are interested in computational finance, risk management, and/or actuarial science but cannot fully invest in the time or effort required in the MS-CF&RM degree program. For some individuals the certificates can serve as a stepping stone to the Masters degree with successful completion of the respective certificate and admission to MS-CF&RM.
Competitive applicants to the MS-CF&RM degree program will show proficiency in:
- Calculus through partial differentiation, matrix algebra, and one-dimensional optimization
- Probability and statistics at the level of an upper level undergraduate course or entry level graduate course
- A programming language such as Java or C++, or in a math or a statistics programming language such as Matlab, R/S-PLUS
Students lacking proficiency in 1 or 2 of the items above should:
- Self-study week 2 through 5 of Professor Zivot's AMATH 462 / ECON 424 material at http://faculty.washington.edu/ezivot/econ424/424syllabus.htm
- Take AMATH 461, Probability and Statistics for Quantitative Finance
Students lacking proficiency in all 3 items above should take AMATH 463 R-Programming for Quantitative Finance (offered over 3 weeks, starting in early September 2013). Proficiency requirements for the Certificate programs are similar to, but less stringent than those of the MS-CF&RM graduate degree program.
Graduate Record Examination (GRE)
Applicants with little or no professional experience are required to take the GRE exam. It is strongly recommended that interested applicants take the GRE Exam at least 30 days prior to the application deadline to assure their score is reported on a timely basis. More information on the GRE can be found at http://www.ets.org/gre. When taking the test, use 4854 (University of Washington) under Score Report Recipients and 0702 for the department code.
While the GRE is preferred, applicants who wish to substitute a (GMAT) may do so. Use GMAT code 459-75-53.
Individuals who have been out of school for some time may petition for a waiver of the GRE requirement by contacting us. Applicants who have been granted a waiver of the GRE should consider taking one or more refresher courses that are offered prior to the start of autumn quarter.
Test of English as a Foreign Language (TOEFL)
Applicants with English as a Second Language (ESL) should refer to the UW Graduate School ESL proficiency requirements at http://www.grad.washington.edu/policies/memoranda/memo08.shtml