Program Offerings

Master of Science in Computational Finance and Risk Management Computational Finance Certificate Actuarial Science Certificate Quantitative Fundamentals of Computational Finance Certificate

Master of Science in Computational Finance and Risk Management (MS-CFRM)

The MS Degree in Computational Finance & Risk Management, offered by the top-ranked Department of Applied Mathematics* at the University of Washington in Seattle, provides students with: An affordable, well-rounded curriculum: full-time or part-time, on campus or online Rigorous mathematical and statistical foundations of quantitative nance Extensive instruction in the use of the open source R programming environment and nance packages Classical volatility and mean-variance methods of risk analysis and portfolio optimization Modern fat tails and tail risk methods of risk management and portfolio optimization Integration of theory, methods, and computation Interdisciplinary education by professors in Applied Mathematics, Economics, and Statistics Courses focused on real-world portfolio construction and risk management by nance industry professionals Extended internship-study options in Risk Management or Computing
*See depts.washington.edu/amath/news/nrc-ranking

Computational Finance Certicate

This three course, 12-credit graduate certicate is available online and on campus, and is ideal for individuals who wish to start a career in quantitative nance. Students will master the key mathematical, statistical and economic foundations needed for quantitative management of nancial investments. Develop uency in the R programming language for quantitative nance modeling and analysis. Program runs from Autumn to Spring. Graduate credits can be applied to the MS-CFRM degree.

I fully recommend the program, especially for those who wish to build new practical skills while testing the waters for an investment-related career or the MS degree.
JARED S., COMPUTATIONAL FINANCE CERTIFICATE GRADUATE 2013

[The] online learning culture is organized, creative and makes the student feel like in a real classroom. Getting enrolled in the Computational Finance Certicate Program is one of the best decisions I have ever made.
JUDE A., COMPUTATIONAL FINANCE CERTIFICATE GRADUATE 2013

Computational Finance & Risk Management

PROGRAMS & COURSES

UW Applied Math department has once again exceeded my expectations with excellent course curriculum and quality professors.
KINA T., COMPUTATIONAL FINANCE CERTIFICATE GRADUATE 2013

Actuarial Science Certicate

This four* course, 16-credit graduate certicate is available both online and on campus. It is an ideal program to gain the quantitative modeling and analysis knowledge needed to accelerate preparation for the actuarial certification exam series, and to enter or advance in the actuarial profession. Gain relevant, actuary-oriented, hands-on experience with R programming and probability and statistical modeling tools. Program runs from Autumn to Summer. Graduate credits can be applied to the MS-CFRM degree.
*Students lacking a solid upper level calculus-based probability and statistics course will need to take AMATH 461 prior to starting the AS-Certicate.

I certainly bring more value to any organization or employer as a result of my participation in the program.
BRIAN E., MS CLASS OF 2013

One of the greatest experiences for me as an online student was the very pleasant experience of working with a group of faculty, staff and students who genuinely went out of their way to offer help and discussion.
FRANK D., CERTIFICATE GRADUATE 2012, MS CLASS OF 2014

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Classes are delivered to full-time students in a traditional on campus learning format, as well as live or recorded online media to both online and local students. The online format is ideal for working professionals pursuing the degree on a part-time basis.

I never felt like I was on an island or disconnected from the rest of the class just because I was an online student. The Certicate Program was an excellent stepping stone to prepare me for the full time MS-CFRM.
ROSS B., CERTIFICATE GRADUATE 2013, MS CLASS OF 2015

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Single Course Enrollment

Most courses are available on an SCE basis to individuals with appropriate background knowledge.

Apply now.
MS-CFRM and Certicate programs: computational-nance.uw.edu Questions? Email compn@uw.edu or call 206-221-7727

For more information: computational-nance.uw.edu

Choose your path.

Your path forward

Curriculum and Degree Requirements
The general MS-CFRM degree has a 42-credit minimum requirement, and can be completed in four academic quarters. The Computing and Risk Management options each require a minimum of 54 credits and are normally completed by classroom students in a combined internship-study in year two. The curriculum provides students with a diverse education, and full-time students typically gain practical experience with an internship after the rst academic year.
Course MS-CFRM CF Cert AS Cert QFCF Cert

Finance Industry Afliate Instructors

The MS-CFRM program derives considerable strength from the participation of the following nance industry professionals as Affiliate Instructors:
Instructor Carino, David Dueker, Michael Everitt, Mark Ferguson, Keith Henniger, Jay Jiang, Yindeng Title Research Fellow Chief Economist Managing Director Chief Investment Ofcer Head of Modeling Senior Investment Analyst Actuarial Analyst Company Russell Investments Russell Investments BlackRock Alternative Advisors UW Investment Management OneWest Bank UW Investment Management Milliman Russell Investments Russell Investments UW Investment Management Microsoft

UW Faculty
Professor R. Douglas Martin, MS-CFRM Director Martin is Professor of Applied Mathematics and Statistics, Adjunct Professor in Finance, and Director of the Computational Finance and Risk Management program at the University of Washington. He is former Chairman of the UW Department of Statistics. Martin was a consultant in the Mathematics and Statistics Research Center at Bell Laboratories from 1973 to 1983. He founded Statistical Sciences in 1987 to commercialize the S language. Martin was also a co-founder and Chairman of FinAnalytica, Inc., developer of the Cognity portfolio construction and risk management system. He holds a Ph.D. in Electrical Engineering from Princeton University. Professor Eric Zivot, MS-CFRM Co-Director Eric Zivot is the Robert Richards Chaired Professor in the Economics Department. He is an Adjunct Professor in the Departments of Statistics, Finance, and Applied Mathematics. He teaches courses on econometric theory, nancial econometrics and time series econometrics, and is the recipient of the Henry T. Buechel Award for Outstanding Teaching. He was an associate editor of the Journal of Business and Economic Statistics. He is co-author of Modeling Financial Time Series with S-PLUS and co-developer of S+FinMetrics, and has consulted on the use of S-PLUS and R in the nance industry. He has numerous publications in leading journals. Most recently,Professor Zivot has taught his Introduction to Computational Finance & Financial Econometrics course to over 25,000 students via Coursera, a massive, open, online, course (MOOC) platform. He holds a Ph.D. in Economics from Yale University. Assistant Professor, Steve Golbeck. Research in developing stochastic models and estimation techniques in assetbacked securities. He holds a Ph.D. in Industrial Engineering & Management Sciences from Northwestern University. Assistant Professor, Kjell Konis. Research in statistical computing, author of software packages for R including lpSolveAPI (linear programming), RHugin (Bayesian belief networks), & robust (stat models). He holds a Ph.D. in Computational Statistics from University of Oxford. Instructor, Guy Yollin. Founder of Cybernetic Systems & Automation, a developer of pattern recognition systems; former Director of Financial Engineering for Insightful (developers of S-PLUS); former Quant Research Analyst, Rotella Capital Mgmt., a hedge fund. He holds an MS in Computational Finance from Oregon Health & Science University. Other Participating Applied Mathematics Faculty include: Professor Nathan Kutz, Applied Mathematics Chair Professor Randy LeVeque

AMATH 500: Actuarial Models & Estimation AMATH 500: Models for Life Contingencies AMATH 500: Special Studies in Applied Mathematics AMATH 510: Financial Data Access with SQL, VBA, Excel AMATH 540: Capital Markets & Data for Computational Finance AMATH 541: Investment Science AMATH 542: Financial Data Modeling & Analysis in R AMATH 543: Portfolio Optimization & Asset Management AMATH 544: Options & Derivatives AMATH 545: Financial Risk Management AMATH 546: Quantitative Risk Management AMATH 547: Credit Risk Management AMATH 548: Monte Carlo Methods in Finance AMATH 551: Introduction to Electronic Trading AMATH 552: Portfolio Performance Analysis & Benchmarking AMATH 553: Financial Time Series Forecasting AMATH 554: Endowment Investment Management AMATH 555: Optimization Methods in Finance AMATH 556: Statistical Modeling for Computational Finance AMATH 557: Financial Software Development with C++ AMATH 558: Fixed Income Analytics & Portfolio Management AMATH 559: Stochastic Calculus for Quantitative Finance AMATH 583: High Performance Scientic Computing AMATH 460: Mathematical Methods for Quantitative Finance AMATH 461: Probability & Statistics for Computational Finance AMATH 462: Introduction to Computational Finance & Financial Econometrics AMATH 463: R Programming for Quantitative Finance
MS-CFRM = Masters in Science Computational Finance & Risk Management CF Cert = Computational Finance Certicate AS Cert = Actuarial Science Certicate QFCF Cert = Quantitative Fundamentals of Computational Finance Certicate

MacKinnon, Libby McMurray, John Chief Risk Ofcer Murray, Steve Director of Asset Allocation Strategies Reistad, Garth Deputy Chief Investment Officer Zinn, George Corporate Vice President & Treasurer

Pre-program courses for MS-CFRM & Certicates

The following courses provide foundation material for the MS-CFRM degree, the Computational Finance Certicate (CF-Certicate), & the Actuarial Science Certicate (AS-Certicate). Mathematical Methods for Quantitative Finance (460) Probability & Statistics for Computational Finance (461) Introduction to Computational Finance & Financial Econometrics (462) R-Programming for Quantitative Finance (463) AMATH 460, 461, & 462 are offered in a 9 week Quantitative Fundamentals of Computational Finance Certificate (QFCF-Certificate), starting in mid-June. AMATH 463 is offered in a 3 week session starting in early September. AMATH 460 & 462 are also offered as free online, Coursera courses at https://coursera.org/uw. AMATH 460 & 461 are for individuals who have not taken sufcient upper level undergraduate courses in mathematics, probability and statistics or who need a refresher. AMATH 462 provides introductory concepts and methods in quantitative nance. AMATH 463 is for individuals who lack experience in solid use of a programming language (C, C++, Java) or who have no experience with R, S-Plus, or MATLAB.

Required Course (all MS degree options and certicates) MS-CFRM Computing Option Required Course MS-CFRM Risk Management Option Required Course