Quantitative Fundamentals Certificate

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Overview

This certificate program provides a comprehensive set of tools to support advanced studies in the area of quantitative finance, or to prepare for employment in the financial or investment industries. Students will master the mathematical, statistical and economics fundamentals necessary for advancement in financial professions today, and will develop a fundamental understanding of R programming via course utilization.

You can augment skills and knowledge gained from your degree study or professional experience with an additional area of focus. For undergraduate students, you can take care of some of your general education credits to earn a companion credential that complements your degree. Set yourself apart in the job market with this marker of professional readiness.

For students not currently seeking a degree from UW, the Quantitative Fundamentals  Certificate is administered and awarded by Professional & Continuing Education (PCE) at the University of Washington.

For matriculated UW students: once you have successfully completed all the certificate courses, they will appear on your transcript just like your other UW courses and count as regular credits. You may also request a certificate in the mail from PCE recognizing your successful completion of the program. You may list this certificate on your resume. The certificate credential itself will not appear on your transcript.

Curriculum

Students interested in preparing for more advanced CFRM study or with a desire to enhance their computer modeling of these concepts can enroll in CFRM 425 for an introduction to R programming.  CFRM 425 is not required to earn the QFCF certificate.

The QF certificate is offered in four, 3-credit courses for a total of 12 credits:

  • CFRM 405: Mathematical Methods for Quantitative Finance
  • CFRM 410: Probability and Statistics for Computational Finance
  • CFRM 415: Introduction to Financial Markets
  • CFRM 420: Introduction to Computational Finance and Financial Econometrics

Through the Winter 2017 program, a Quantitative Fundamentals Certificate was awarded to individuals who successfully completed former courses CFRM 460, 461, 462. The revised program has been restructured for a broader audience to include a more thorough introduction to the financial industry.

Schedule

The QF Certificate spans 11 months, beginning in late September and finishing in mid-August. Certificate students are not required to attend the live online lectures; recordings will be posted on the course website to review on demand.  Assignments are due weekly.

Autumn 2018 StartTermDates
CFRM 405Autumn 2018Sept - Dec 2018
CFRM 410Winter 2019Jan - Mar 2019
CFRM 415Spring 2019Mar - Jun 2019
CFRM 420Summer 2019Jun - Aug 2019

Prerequisites

Applicants should have completed:

  • university-level college calculus courses that include an introduction to multivariable differential calculus and linear algebra (equivalent to UW MATH 124, 125 and 126: see course descriptions)
  • an undergraduate-level statistics course (e.g., UW STAT 311)

Additional introductory mathematics and statistics coursework is desirable.  AP credit or “Calculus for Business” and similar survey courses are not adequate preparation.

Other than current UW undergraduates, non-matriculated certificate students must have completed a bachelor’s degree.

Program Costs

UW undergraduate students should enroll through MyUW; the course fees below do not apply to current undergrads enrolling in the classroom sections of CFRM 405-425. You will pay regular UW tuition and have access to your normal financial aid package if applicable.

For students not currently enrolled as UW undergraduates, QF course fees are $500 per credit, with the complete QF certificate priced at $6,000.

Course fees do not include UW mandatory fees assessed on a quarterly basis, such as registration and student technology fees.  Course fees also exclude textbooks.  The all-inclusive price is approximately $6,800.

Financial aid is not available through CFRM or UW for non-degree programs, except for MS students required to take courses on a preparatory basis, who may be eligible for federal student aid.  Outside scholarships, employer reimbursement, or private student loans may be used to cover expenses.

QF coursework is not transferable to the MS degree; obtaining GNM status offers no benefit for courses in the QF certificate program.

Applying to the QF Certificate

Begin your application today!