{"id":2966,"date":"2026-01-26T10:56:35","date_gmt":"2026-01-26T18:56:35","guid":{"rendered":"https:\/\/depts.washington.edu\/compfin\/?page_id=2966"},"modified":"2026-01-27T09:36:29","modified_gmt":"2026-01-27T17:36:29","slug":"cfrm-at-uw","status":"publish","type":"page","link":"https:\/\/depts.washington.edu\/compfin\/cfrm-at-uw\/","title":{"rendered":"CFRM at UW"},"content":{"rendered":"<h5><a style=\"font-size: 16px;\" href=\"#corevalues\">Core Values<\/a><\/h5>\n<h5><a href=\"#awards\">Awards<\/a><\/h5>\n<h5><a href=\"#studentactivities\">Student Activities<\/a><\/h5>\n<h5><a href=\"#publications\">Publications<\/a><\/h5>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>The Computational Finance &amp; Risk Management program is a self-sustaining interdisciplinary offering at the University of Washington. Established by the <a href=\"http:\/\/amath.washington.edu\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Department of Applied Mathematics<\/strong><\/a> at the University of Washington, the CFRM program offers rigorous and relevant instruction grounded in both theory and practice. Recognizing the rapidly changing landscape in finance, CFRM adapts to equip students with skills and knowledge that will enable them for future success.<\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" title=\"UW Master of Science in Computational Finance and Risk Management\" width=\"600\" height=\"338\" src=\"https:\/\/www.youtube.com\/embed\/uY0z7J4fs-E?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><\/h2>\n<p>&nbsp;<\/p>\n<h4 id=\"corevalues\">CORE VALUES<\/h4>\n<p><strong><span style=\"color: #2ec7ba;\">Diversity<\/span><\/strong>: Courses cover a broad array of topics that allow students to become well versed in the worlds of finance, risk management, and computing.<\/p>\n<p><strong><span style=\"color: #2ec7ba;\">Rigor<\/span><\/strong>: Instructors and peers expect students to commit to the intellectual investment by devoting themselves to learning the theory and practice of quantitative finance and financial risk management, assuring a depth of understanding and competitive candidates upon graduation.<\/p>\n<p><strong><span style=\"color: #2ec7ba;\">Interdisciplinary approach<\/span><\/strong>: Combined support from multiple departments enables students to gain advanced knowledge in applied mathematics, economics, statistics, finance, and computing.<\/p>\n<p><strong><span style=\"color: #2ec7ba;\">Adaptability<\/span><\/strong>: Students are encouraged to provide feedback to instructors and courses. Constructive criticism has resulted in curriculum that is better adapted to the requirements of both the market and the student.<\/p>\n<p><strong><span style=\"color: #2ec7ba;\">Global Citizenship<\/span><\/strong>: CFRM&#8217;s educational environment strengthens the emerging demographics in the financial services community by placing an emphasis on gender balance, cultural diversity, and an international focus that helps to produce global citizens aware of their impact and that of their profession on the world.<\/p>\n<p><strong><span style=\"color: #2ec7ba;\">Practicality<\/span><\/strong>: Providing ties to the finance industry including instruction from finance industry professionals, seminars on trends and relevant topics, and special on-site events keeps the student experience rooted in the real world.<\/p>\n<p><strong><span style=\"color: #2ec7ba;\">Accessibility<\/span><\/strong>: Using online learning technologies to support students participating remotely, as well as for the supplemental use of classroom students, helps to extend access to students in the broadest way possible.<\/p>\n<h4 id=\"awards\">AWARDS<\/h4>\n<p>The University of Washington is a world-class institution, and is recognized globally as a leader in education.<\/p>\n<p>Why you should choose UW for graduate school:<\/p>\n<ul>\n<li>CFRM was ranked #16 in QuantNet&#8217;s 2026 Ranking of &#8220;<a href=\"https:\/\/quantnet.com\/mfe-programs-rankings\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Financial Engineering Programs<\/a>&#8220;<\/li>\n<li>Department of Applied Mathematics <a href=\"https:\/\/amath.washington.edu\/our-awards\" target=\"_blank\" rel=\"noopener noreferrer\">Awards<\/a><\/li>\n<li>CNBC ranks UW 1st among &#8220;<a href=\"https:\/\/www.cnbc.com\/2019\/07\/18\/the-top-10-public-us-colleges-that-pay-off-the-most.html\" target=\"_blank\" rel=\"noopener noreferrer\">public US schools that pay off the most<\/a>.&#8221;<\/li>\n<li>US News ranks UW 8th among world universities in the \u201c<a href=\"https:\/\/www.usnews.com\/education\/best-global-universities\/rankings\" target=\"_blank\" rel=\"noopener noreferrer\">2025 Best Global Universities Rankings.<\/a>&#8220;<\/li>\n<li><a href=\"https:\/\/www.washington.edu\/research\/or\/research-stats-rankings\/\" target=\"_blank\" rel=\"noopener noreferrer\">University Research Stats &amp; Rankings<\/a><\/li>\n<li>UW News: <a href=\"http:\/\/www.washington.edu\/news\/category\/honors-and-awards\/\" target=\"_blank\" rel=\"noopener noreferrer\">Honors and Awards<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h4 id=\"studentactivities\">STUDENT ACTIVITIES<\/h4>\n<h5 class=\"p1\"><strong>UW Actuarial Club<\/strong><\/h5>\n<p>The UW Actuarial Club is ideal for students who have an interest in actuarial science. The club is dedicated to learning about the actuarial profession, networking with students and local actuaries, and gaining new skills. For more information, please visit their <a href=\"https:\/\/www.uwactuarial.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">website<\/a>.<\/p>\n<h5>UW Algorithmic Trading Club<\/h5>\n<p>The UW Algorithmic Trading Club is for students who like to apply programming, statistics, and mathematics to solve algorithmic trading and other financial problems. It is open to students and faculty of all backgrounds and levels of experience. Find out more on their <a href=\"https:\/\/www.linkedin.com\/groups\/8961977\/\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn<\/a> or <a href=\"https:\/\/www.facebook.com\/groups\/atcuw\/\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> pages.<\/p>\n<h5>UW Foundation for International Understanding Through Students (FIUTS)<\/h5>\n<p>Based on the Seattle campus, FIUTS programs create a community of international and American students, members of the local community, and alumni around the world. Open to all, FIUTS delivers programs to a diverse range of constituents that promote cross-cultural understanding, global culture, and respect for diversity. Such programming includes Conversation Groups, excursions around Seattle and Puget Sound, and more. For more information, please visit their <a href=\"http:\/\/www.fiuts.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">website<\/a>.<\/p>\n<h5 class=\"p1\"><strong>Formal and Informal Study Groups<\/strong><\/h5>\n<p class=\"p1\">CFRM students are encouraged to develop ad-hoc study groups on campus to collaborate on teaching and learning, as well as preparation for exams in the program and professional certifications. \u00a0Students studying\u00a0for CFA, FRM, SOA, or other professional certification exams may especially benefit from collaboration, and space is available in Lewis Hall for this purpose.<\/p>\n<p>&nbsp;<\/p>\n<h4 id=\"publications\">PUBLICATIONS<\/h4>\n<p>Many CFRM students are actively engaged in academic research on problems in computational finance and risk management.<br \/>\nThere is an ever-growing list of publications written by our current CFRM students and alumni.<\/p>\n\n<table id=\"tablepress-17\" class=\"tablepress tablepress-id-17\">\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><strong>CFRM Authors<\/strong><\/td><td class=\"column-2\"><strong>Title<\/strong><\/td><td class=\"column-3\"><strong>Link<\/strong><\/td><td class=\"column-4\"><strong>Publication Year<\/strong><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Lin, Jimin<br \/>\n  UW CFRM '18<\/td><td class=\"column-2\">Jimin Lin &amp; Matthew Lorig (2019) On Carr and Lee\u2019s Correlation Immunization Strategy, Applied Mathematical Finance, 26:2, 131-152, DOI: 10.1080\/1350486X.2019.1598276 <\/td><td class=\"column-3\"><a href=\"https:\/\/www.tandfonline.com\/doi\/full\/10.1080\/1350486X.2019.1598276\" rel=\"noopener\" target=\"_blank\">Paper<\/a><\/td><td class=\"column-4\">2019<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Nguyen, Hung<br \/>\n  UW CFRM '19<\/td><td class=\"column-2\">Leung, T. and Nguyen, H. (2019), \"Constructing cointegrated cryptocurrency portfolios for statistical arbitrage\", Studies in Economics and Finance, Vol. 36 No. 3, pp. 581-599.<\/td><td class=\"column-3\"><a href=\"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/SEF-08-2018-0264\/full\/html\" rel=\"noopener\" target=\"_blank\">Paper<\/a><\/td><td class=\"column-4\">2019<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Brownson, Gregory; Cao, Loc; Lewis, Tommy; Mauer, Dominic; Nguyen, Hung; Sneeringer, Jack<\/td><td class=\"column-2\">Paper: Research Challenge on the Relationship Between Momentum Trading and Options Strategies<\/td><td class=\"column-3\"><a href=\"https:\/\/www.iaqf.org\/dev\/files\/U%20Washington_Stratton%20Oakquant.pdf\" rel=\"noopener\" target=\"_blank\">Paper<\/a><\/td><td class=\"column-4\">2018<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Lin, Jimin<br \/>\n  UW CFRM '18<\/td><td class=\"column-2\">Paper: The Quadrant Probabilities of Paired Financial Time Series <\/td><td class=\"column-3\"><a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3185813\" rel=\"noopener\" target=\"_blank\">SSRN<\/a><\/td><td class=\"column-4\">2018<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Nguyen, Hung<br \/>\n  UW CFRM '19<\/td><td class=\"column-2\">Paper: Constructing Cointegrated Cryptocurrency Portfolios for Statistical Arbitrage<\/td><td class=\"column-3\"><a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3235890\" rel=\"noopener\" target=\"_blank\">SSRN<\/a><\/td><td class=\"column-4\">2018<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Uthaisaad, Chindhanai<br \/>\n  UW CFRM '18<\/td><td class=\"column-2\">Thesis: Skew-t Information Matrix: Evaluation and Use<\/td><td class=\"column-3\"><a href=\"https:\/\/digital.lib.washington.edu\/researchworks\/bitstream\/handle\/1773\/41733\/Uthaisaad_washington_0250O_18223.pdf?sequence=1&amp;isAllowed=y\" rel=\"noopener\" target=\"_blank\">Thesis<\/a><br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/td><td class=\"column-4\">2018<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Uthaisaad, Chindhanai<br \/>\n  UW CFRM '18<\/td><td class=\"column-2\">Uthaisaad, C. (2018).  the R package skewtInfo<\/td><td class=\"column-3\"><a href=\"https:\/\/github.com\/chindhanai\/skewtInfo\" rel=\"noopener\" target=\"_blank\">skewtInfo<\/a><\/td><td class=\"column-4\">2018<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Uthaisaad, Chindhanai<br \/>\n  UW CFRM '18<\/td><td class=\"column-2\">Uthaisaad, C. and Martin, R. D. (2018).  \u201cThe Azzalini Skew-t Information Matrix Evaluation and Use for Standard Error Calculations\u201d.<\/td><td class=\"column-3\"><a href=\"https:\/\/www.ssrn.com\/abstract=3258025\" rel=\"noopener\" target=\"_blank\">SSRN<\/a><\/td><td class=\"column-4\">2018<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Brownson, Gregory<br \/>\n  UW CFRM '19 <\/td><td class=\"column-2\">Brownson, G. (2018).  \u201cShiny User Interface (UI) to the RobStatTM R Package\u201d, with Vignette<\/td><td class=\"column-3\"><a href=\"https:\/\/github.com\/GregoryBrownson\/RobStatTM-GUI\" rel=\"noopener\" target=\"_blank\">RobStatTM-GUI<\/a><\/td><td class=\"column-4\">2018<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Acharya, Avinash<br \/>\n  UW CFRM '17<\/td><td class=\"column-2\">Acharya, A. (2017).  Development of fundamental factor model part of R package factorAnalytics<\/td><td class=\"column-3\"><a href=\"https:\/\/rdrr.io\/github\/braverock\/factorAnalytics\" rel=\"noopener\" target=\"_blank\">factorAnalytics<\/a><\/td><td class=\"column-4\">2017<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Acharya, Avinash<br \/>\n  UW CFRM '17<\/td><td class=\"column-2\">Martin, R. D., Acharya, A., and Yi, Lingjie (2017).  \u201cFundamental Factor Model Vignette\u201d<\/td><td class=\"column-3\"><a href=\"https:\/\/rdrr.io\/github\/braverock\/factorAnalytics\/#vignettes\" rel=\"noopener\" target=\"_blank\">Vignette<\/a><\/td><td class=\"column-4\">2017<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Simonson, Jack<br \/>\n  UW CFRM '17<\/td><td class=\"column-2\">Paper: High-Frequency ETF Pairs Trading <\/td><td class=\"column-3\"><a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3092739\" rel=\"noopener\" target=\"_blank\">SSRN<\/a><\/td><td class=\"column-4\">2017<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Arora, Rohit<br \/>\n  UW CFRM '16<\/td><td class=\"column-2\">Martin, R. D. and Arora, R. (2017). \u201cInefficiency of Modified VaR and Expected Shortfall\u201d, Journal of Risk, 19(6), 59-84.<\/td><td class=\"column-3\"><a href=\"https:\/\/www.risk.net\/journal-of-risk\/5311726\/inefficiency-and-bias-of-modified-value-at-risk-and-expected-shortfall\" rel=\"noopener\" target=\"_blank\">Paper<\/a><\/td><td class=\"column-4\">2017<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Arora, Rohit<br \/>\n  UW CFRM '16<\/td><td class=\"column-2\">Thesis: Variability in Modified Estimators of VaR and ES<\/td><td class=\"column-3\"><a href=\"https:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;ved=2ahUKEwjTgqCu3sLdAhVrw1QKHVEgAmAQFjAAegQICBAC&amp;url=https%3A%2F%2Fdigital.lib.washington.edu%2Fresearchworks%2Fbitstream%2Fhandle%2F1773%2F36481%2FArora_washington_0250O_15786.pdf%3Fsequence%3D1&amp;usg=AOvVaw3YjfNzaYHzh8WMeEgtnVHo\" rel=\"noopener\" target=\"_blank\">Thesis<\/a><\/td><td class=\"column-4\">2016<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Chawla, Shaily<br \/>\n  UW CFRM '17<\/td><td class=\"column-2\">Paper: Investigating the Price Dynamics between Europe ETFs: EZU vs FEZ <\/td><td class=\"column-3\"><a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=2859235\" rel=\"noopener\" target=\"_blank\">SSRN<\/a><\/td><td class=\"column-4\">2016<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Arora, Rohit<br \/>\n  UW CFRM '16<\/td><td class=\"column-2\">Arora, R. (2015). R package covmat.<\/td><td class=\"column-3\"><a href=\"https:\/\/cran.project.org\/src\/contrib\/Archive\/covmat\/.\" rel=\"noopener\" target=\"_blank\">Covmat<\/a><\/td><td class=\"column-4\">2015<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-17 from cache -->\n<p>Faculty advisors include Associate Professor Tim Leung, Associate Professor Matthew Lorig, and Professor Emeritus Doug Martin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Core Values Awards Student Activities Publications &nbsp; The Computational Finance &amp; Risk Management program is a self-sustaining interdisciplinary offering at the University of Washington. Established by the Department of Applied Mathematics at the University of Washington, the CFRM program offers rigorous and relevant instruction grounded in both theory and practice. &hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2966","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/depts.washington.edu\/compfin\/wp-json\/wp\/v2\/pages\/2966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depts.washington.edu\/compfin\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/depts.washington.edu\/compfin\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/depts.washington.edu\/compfin\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/depts.washington.edu\/compfin\/wp-json\/wp\/v2\/comments?post=2966"}],"version-history":[{"count":30,"href":"https:\/\/depts.washington.edu\/compfin\/wp-json\/wp\/v2\/pages\/2966\/revisions"}],"predecessor-version":[{"id":3124,"href":"https:\/\/depts.washington.edu\/compfin\/wp-json\/wp\/v2\/pages\/2966\/revisions\/3124"}],"wp:attachment":[{"href":"https:\/\/depts.washington.edu\/compfin\/wp-json\/wp\/v2\/media?parent=2966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}