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Carnegie Mellon University

Quality
0.28
Post-master’s salaries
$108,846
% of teaching conducted remotely
All courses are available in hybrid mode, allowing students to attend remotely or in person.
Url
https://www.risk.net/quantitative-finance/7719621/quant-guide-2021-carnegie-mellon-university
Teaching staff
15
Salary ($)
108846
Description
Carnegie Mellon University’s Master of Science in Computational Finance (MSCF) is a persistent high-achiever in the Quant Guide rankings, appearing at eighth place in both the 2019 and 2020 editions. For our 2021 ranking, it slides a couple of places to tenth. The three-semester course, led by executive director and adjunct professor of business Richard Bryant, has had to make adjustments in response to the coronavirus, in common with most of its peers. For applicants unable to obtain student visas, classes have been delivered online. For those students who do attend one of Carnegie Mellon’s physical campuses – in Pittsburgh and New York – class sizes have been cut down, schedules have been adjusted to reduce corridor traffic, and mask-wearing is mandatory. The university has worked to improve ventilation, conducts regular deep cleans, and has also appointed a number of pandemic safety officers. As for the curriculum, students are expected to spend part of the summer in an industry placement. Out of 91 placements in summer 2020, only three were cancelled. However, there were adjustments: the majority of internships were conducted virtually, and some had condensed timeframes. Remote learning has also forced institutions such as Carnegie Mellon to take a fresh look at how to preserve the integrity of the learning and testing process. Speaking in August, Bryant told how staff and students were getting to grips with new , installed to discourage cheating in remote exams. In one case, the software – which also captures audio and screen activity – helped to detect one candidate who was texting during their examination, given away by a telltale tapping sound. But while they might be effective, the measures have drawn criticism from some staff and students. In response, the programme plans to adjust its invigilation approach, says Bryant. Despite various disruptions, the MSCF has remained in high demand. The latest programme received over 1,000 applications – an increase of almost 200 on last year’s figure – and extended 191 offers versus last year’s 167. The course’s graduate employment rate has risen to 99%, and graduate salaries are up, too: the mean base rate of pay over the last two years is $108,846, putting the MSCF in the Quant Guide’s highest salary quartile.
Rank
10
Offers accepted
126
Programme director
Richard Bryant
Address
Pittsburgh and New York City, US
Title
Quant Guide 2021: Carnegie Mellon University
Applications received
1,022
Full-time students
89
Accept. rate
0.19
salary_descrepancy
18700
Visiting staff teaching hours
42
sheetnames
Academia
0
Students accepting
0.47
Class size
44
Staff to Students
0.17
peer_assessment
4.1
Average Citations
3793
Programme duration
16 months
Homework hours
1,568 across programme
Offers made
191
Application deadline date
tuition
89151
employment_descrepancy
0.04
Average class size
52 in New York, 37 in Pittsburgh
Most-cited lecturers
Steven Shreve: 9535 citations John Lehoczky: 3904 citations Chad Schafer: 2895 citations Duane Seppi: 1979 citations Javier Peña: 652 citations
Ranking
53
Other
0.3
Consulting
0
Industry-affiliated teaching staff
3
Graduates employed in
Banking: 49% asset management: 16% fintech: 5% other: 30%
emplm_rate_grad
0.77
Industry-affiliated lecturers
0.2
International students
70
class_descrepancy
45
% of take-home/remote exams
100% conducted remotely.
emplm_rate_3_month_aft
0.95
Remuneration
0.51
avr_start_salary_bonus
127546
Employment rate
0.99
Teaching hours
532
Reputation
0.92
Part-time students
cohort_size
89
Asset Management
0.16
Gender balance of teaching staff
Male: 93%, female: 7%
Banking
0.49
missing_data
0
avr_gre_quant
169
Website
https://www.cmu.edu/mscf/
Fintech
0.05
Fees
$89,334
Final
0.57
Gender balance of students
Male: 71%, female: 29%
Empl. rate
0.99
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