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edu 18/19

“In addition to providing me with the

technical skills necessary to advance my
career, the MSCF Program at Carnegie
Mellon offers direct access to faculty
at the forefront of research in applied
analysis. The curriculum is constantly
upgraded to meet the changing landscape
of quantitative finance.”
Michelle Ruvolo ✱ MSCF 2009
New York Part-Time Program
Sterling Stamos Capital Management
Director, Risk Management
 MSCF full-time class of 2009 >

> MS in Computational Finance full-time class profile.

MSCF Full-Time Class Profile

Class of 2008 2009 2010

Class size 109 97 72

Dual degree (MBA/MSCF) 4 2 3
Women 18% 19% 13%
International 64% 60% 53%
Number of countries represented 17 13 12
Average years of full-time
professional experience 3.2 yrs 2.0 yrs 2.6 yrs
Percent with full-time
professional experience 77% 64% 69%

GPA Average 3.66 3.61 3.62

GRE Quant Average 792 792 793
GRE Verbal Average 567 587 594
GMAT Average 723 721 702

Undergraduate Majors

Engineering 23% 28% 33%

Computer Science 28% 24% 16%
Science 14% 9% 8%
Math 17% 20% 20%
Economics/Business 18% 19% 23%
Other 0% 0% 0%

Advanced Degrees

% with master’s degree 40% 32% 26%

% with Ph.D. degree 17% 8% 3%
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> MS in Computational Finance full-time class of 2009.

Status and Compensation

Permanent Non-Permanent
Work Work Total
MSCF FULL-TIME GRAD Authorization* Authorization* Graduates

Total Graduates 18 47 65

Seeking Employment 17 43 60

Not Seeking Employment 0 2 2

Company-sponsored or already employed 0 1 1
Continuing education 0 1 1
Postponing job search 0 0 0
Starting a new business 0 0 0
Not seeking for other reasons 0 0 0
No Information Available 1 2 3

Percent of graduating class whose employment status is known: 95.38%

BASE SALARY (only)

# Reporting Base
MSCF FULL-TIME GRADS Salary Information MEAN MEDIAN HIGH LOW

Permanent Work Authorization* 15 $ 96,267 $ 95,000 $ 120,000 $ 75,000

Non-Permanent Work Authorization* 34 $ 85,250 $ 85,000 $ 115,000 $ 65,000

U.S. location 26 $ 85,865 $ 85,000 $ 115,000 $ 65,000
International location 8 $ 83,250 $ 78,500 $ 109,000 $ 65,000

Total Reporting 49 $ 87,398 $ 90,000 $ 120,000 $ 65,000

As of three months after graduation 50 students accepted, and 49 (98.00%) reported their base salary.

SIGNING BONUS
# Reporting % of Job Accepts
MSCF FULL-TIME GRADS Signing Bonus with Signing Bonus MEAN MEDIAN HIGH LOW

Permanent Work Authorization* 12 80.00% $ 29,875 $ 25,000 $ 50,000 $ 10,000

Non-Permanent Work Authorization* 22 64.71% $ 21,250 $ 15,250 $ 50,000 $ 5,000

U.S. location 15 57.69% $ 20,667 $ 10,000 $ 47,500 $ 5,000
International location 7 87.50% $ 22,500 $ 20,000 $ 50,000 $ 7,000

Total Reporting 34 69.39% $ 24,294 $ 20,000 $ 50,000 $ 5,000

OTHER GUARANTEED COMPENSATION

% of Job Accepts
# Reporting with Other
Other Guaranteed Guaranteed
MSCF FULL-TIME GRADS Compensation Compensation MEAN MEDIAN HIGH LOW

Permanent Work Authorization* 2 13.33% N/A N/A N/A N/A

Non-Permanent Work Authorization* 5 14.71% $ 11,400 $ 10,000 $ 15,000 $ 10,000

U.S. location 5 19.23% $ 11,400 $ 10,000 $ 15,000 $ 10,000
International location 0 0.00%

Total Reporting 7 14.29% $ 18,857 $ 12,000 $ 40,000 $ 10,000

* The Permanent Work Authorization group includes U.S. Citizens and U.S. Permanent Residents. Non-Permanent Authorized students are those who are neither U.S. Citizens nor
U.S. Permanent Residents.
 MSCF full-time class of 2009 >

> MS in Computational Finance full-time class of 2009.

Primary Source of Accepted Offers

FULL-TIME MSCF GRADS NUMBER PERCENT

School-Facilitated Activities
On-campus recruiting 5 10.00%
Correspondence opportunities 1 2.00%
Alumni 4 8.00%
Compass 0 0.00%

Job fairs 4 8.00%

Other 5 10.00%
Summer internship through school 19 38.00%
Total School-Facilitated Activities 38 76.00%

Student-Facilitated Activities
Previous employer 0 0.00%
Personal contact 2 4.00%
Own research 4 8.00%
Other 1 2.00%
Summer internship through student 4 8.00%
Total Student-Facilitated Activities 11 22.00%

Source Not Reported 1 2.00%

Total 50 100.00%

Timing of Offers and Acceptances

TIMING OF FIRST OFFER
Total Graduates First Offer After
Seeking First Offer by Graduation and by Three Did Not Report
MSCF FULL-TIME GRADS Employment Graduation Months After Graduation Receiving an Offer
NUMBER PERCENT NUMBER PERCENT NUMBER PERCENT

Permanent Work Authorization* 17 15 88.24% 0 0.00% 2 11.76%

Non-Permanent Work Authorization* 43 31 72.09% 6 13.95% 6 13.96%

Total Graduates 60 46 76.67% 6 10.00% 8 13.33%

TIMING OF ACCEPTANCE
Total Graduates Accepted Job After
Seeking Accepted Job by Graduation and by Three Did Not Report
MSCF FULL-TIME GRADS Employment Graduation Months After Graduation Accepting a Job
NUMBER PERCENT NUMBER PERCENT NUMBER PERCENT

Permanent Work Authorization* 17 14 82.35% 1 5.88% 2 11.76%

Non-Permanent Work Authorization* 43 27 67.79% 8 18.60% 8 18.61%

Total Graduates 60 41 68.33% 9 15.00% 10 16.66%

* The Permanent Work Authorization group includes U.S. Citizens and U.S. Permanent Residents. Non-Permanent Authorized students are those who are neither U.S. Citizens nor
U.S. Permanent Residents.

MSCF full-time
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> MS in Computational Finance full-time class of 2009.

Compensation by Industry

INDUSTRY PERCENT MEAN MEDIAN HIGH LOW

FINANCIAL SERVICES 94.00% $ 87,620 $ 90,000 $ 120,000 $ 65,000

Asset management 8.00% $ 102,500 $ 105,000 $ 120,000 $ 80,000
Commercial bank 4.00% N/A N/A N/A N/A
Credit reporting/Analytics 4.00% N/A N/A N/A N/A
Diversified services 8.00% $ 85,000 $ 87,500 $ 90,000 $ 75,000
Hedge funds 8.00% $ 80,000 $ 75,000 $ 100,000 $ 65,000
Insurance 6.00% $ 84,167 $ 85,000 $ 92,500 $ 75,000
Investment bank 50.00% $ 88,040 $ 95,000 $ 109,000 $ 65,000
Other finance 6.00% $ 82,333 $ 80,000 $ 95,000 $ 72,000

ENERGY 6.00% $ 84,000 $ 85,000 $ 92,000 $ 75,000

MSCF
This report includes all domestic and international acceptances as of three months after graduation.
N/A = Insufficient data

full-time
 MSCF full-time class of 2009 >

> MS in Computational Finance full-time class of 2009.

Compensation by Geography

United States International

0.00% 62.00%
$89,661
6.00%
$85,000
22.00%
$85,300
6.00%
$80,000

4.00%
$77,500
0.00%

Compensation by Undergraduate Major and Experience

Undergraduate Professional Experience

by major by years of experience

■ Technical $88,000: 74.00% ■ More than five years $92,857: 14.00%

■ Business $84,444: 20.00% ■ Four to five years $85,000: 14.00%
■ Other $88,833: 6.00% ■ Two to three years $86,300: 30.00%
■ One year or less $87,150: 42.00%
 MSCF internships full-time class of 2010 >

> MS in Computational Finance internships full-time

class of 2010. Status and Compensation
Permanent Non-Permanent
Work Work Total
MSCF INTERNS Authorization* Authorization* Students

Total Students 29 51 80

Seeking Employment 27 47 74

Not Seeking Employment 2 4 6

Company-sponsored or already employed 0 2 2
Continuing education 2 1 3
Postponing job search 0 0 0
Starting a new business 0 0 0
Not seeking for other reasons 0 1 1
No Information Available 0 0 0

Percent of class whose employment status is known: 100%

BASE SALARY* (per month)

# Reporting Base
MSCF INTERNS Salary Information MEAN MEDIAN HIGH LOW

Permanent Work Authorization* 25 $ 4,965 $ 5,000 $ 9,500 $ 1,000

Non-Permanent Work Authorization* 38 $ 4,378 $ 5,000 $ 7,917 $ 800

U.S. Location 25 $ 4,747 $ 4,763 $ 7,917 $ 800
International Location 13 $ 3,668 $ 5,000 $ 5,833 $ 800

Total Reporting 63 $ 4,611 $ 5,000 $ 9,500 $ 800

As of three months after the end of the academic year 73 students accepted, and 63 (86.30%) reported their base salary.

SIGNING BONUS
# Reporting % of Job Accepts
MSCF INTERNS Signing Bonus with Signing Bonus MEAN MEDIAN HIGH LOW

Permanent Work Authorization* 4 16.00% $ 1,250 $ 1,000 $ 2,000 $ 1,000

Non-Permanent Work Authorization* 3 7.89% $ 1,600 $ 2,000 $ 2,000 $ 800

U.S. Location 2 8.00% N/A N/A N/A N/A
International Location 1 7.69% N/A N/A N/A N/A

Total Reporting 7 11.11% $ 1,400 $ 1,000 $ 2,000 $ 800

* The Permanent Work Authorization group includes U.S. Citizens and U.S. Permanent Residents. Non-Permanent Authorized students are those who are neither U.S. Citizens nor
U.S. Permanent Residents.
N/A = Insufficient data

MSCF internships
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> MS in Computational Finance internships full-time

class of 2010. Primary Source of Accepted Offers
MSCF INTERNS NUMBER PERCENT

School-Facilitated Activities
On-campus recruiting 21 27.63%
Correspondence opportunities 6 7.89%
Alumni 7 9.21%
Compass 4 5.26%

Job fairs 1 1.32%

Summer internship through school 1 1.32%
Other 10 13.16%
Total School-Facilitated Activities 50 65.79%

Student-Facilitated Activities
Previous employer 2 2.63%
Personal contact 5 6.58%
Own research 10 13.16%
Summer internship through student 0 0.00%
Other 5 6.58%
Total Student-Facilitated Activities 22 28.95%

Source Not Reported 4 5.26%

Total 76 100.00%

Timing of Offers and Acceptances

TIMING OF FIRST OFFER
Total Students First Offer After
Seeking First Offer EAY and by Three Did Not Report
MSCF INTERNS Internships by EAY Months After EAY Receiving an Offer
NUMBER PERCENT NUMBER PERCENT NUMBER PERCENT

Permanent Work Authorization* 27 25 92.59% 1 3.70% 1 3.70%

Non-Permanent Work Authorization* 47 43 91.49% 4 8.51% 0 0.00%

Total Interns 74 68 91.89% 5 6.76% 1 1.35%

TIMING OF ACCEPTANCE
Total Students Accepted After
Seeking Accepted EAY and by Three Did Not Report
MSCF INTERNS Internships by EAY Months After EAY Accepting an Internship
NUMBER PERCENT NUMBER PERCENT NUMBER PERCENT

Permanent Work Authorization* 27 24 88.89% 2 7.41% 1 3.70%

Non-Permanent Work Authorization* 47 36 76.60% 11 23.40% 0 0.00%

Total Interns 74 60 81.08% 13 17.57% 1 1.35%

* The Permanent Work Authorization group includes U.S. Citizens and U.S. Permanent Residents. Non-Permanent Authorized students are those who are neither U.S. Citizens nor
U.S. Permanent Residents.
EAY = End of academic year
 MSCF internships full-time class of 2010 >

> MS in Computational Finance internships full-time

class of 2010. Compensation by Industry
INDUSTRY PERCENT MEAN MEDIAN HIGH LOW

CONSULTING 5.26% $ 3,150 $ 1,150 $ 9,500 $ 800

FINANCIAL SERVICES 89.47% $ 4,710 $ 5,000 $ 7,917 $ 800
Asset management 13.16% $ 4,879 $ 5,196 $ 7,917 $ 2,078
Credit reporting/Analytics 6.58% $ 4,270 $ 5,500 $ 5,500 $ 2,425
Diversified services 3.95% $ 2,924 $ 2,924 $ 3,250 $ 2,598
Hedge funds 19.74% $ 3,795 $ 4,000 $ 6,000 $ 800
Insurance 1.32% N/A N/A N/A N/A
Investment bank 39.47% $ 5,446 $ 5,268 $ 7,917 $ 800
Private equity/Venture capital 1.32% N/A N/A N/A N/A
Other finance 3.95% $ 2,425 $ 2,425 $ 2,425 $ 2,425

ENERGY/PETROLEUM/UTILITIES 1.32% N/A N/A N/A N/A

NOT FOR PROFIT/GOVERNMENT 2.63% N/A N/A N/A N/A
OTHER INDUSTRIES 1.49% N/A N/A N/A N/A

This report includes all domestic and international acceptances as of three months after the end of the academic year.
Monthly base salary data is represented.

MSCF
N/A = Insufficient data

internships
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> MS in Computational Finance internships full-time

class of 2010. Compensation by Geography
United States International

0.00%
57.89%
$5,118
9.21%
$3,595
27.63%
$3,868
5.26%
$4,272

0.00%
0.00%

N/A = Insufficient data

Compensation by Undergraduate Major and Experience

Undergraduate Professional Experience

by major by years of experience

■ Technical $4,470: 72.37% ■ More than five years $5,572: 3.95%

■ Business $5,025: 26.32% ■ Four to five years $4,258: 11.84%
■ Other N/A: 1.32% ■ Two to three years $4,640: 26.32%
■ One year or less $4,622: 57.89%