What will I learn?

The University of Washington’s MS-CFRM leads the field of quantitative finance and financial engineering programs in terms of flexibility: our domestic and international students, with or without prior finance industry experience, can attend full-time or part-time, on campus or online, completing the CFRM curriculum alongside students ranging from brand-new college grads to senior professionals. Even embarking on the degree comes with options: students can begin the MS program directly or can prepare in stages with our certificate programs.

What the Program Covers

  • Rigorous mathematical and statistical foundations of quantitative finance
  • Extensive instruction in use of the open source R-programming environment and rapid growth of cutting edge R finance 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
  • Separate study options in computing and risk management as critical focal points in today’s markets

The MS-CFRM, offered by the Department of Applied Mathematics (AMATH) within the College of Arts and Sciences of the University of Washington, can be completed either through the standard 42 credit general program or an extended course of study. As with other MS and PhD degrees at the University of Washington, the MS-CFRM degree is awarded by the University of Washington Graduate School.

Curriculum

The Master’s degree requires a minimum of 42 credits:

  • 26 credits of mandatory coursework
  • 16 credits of elective coursework

Which department am I in?

College of Arts and Sciences

Study options

Full Time (42 credit hours)

Tuition fees
US$44,100.00 per year
The fee rate is USD $1,050 per credit
Start date

Expected September 2022

Venue

University of Washington

Schmitz Hall, 1410 NE Campus Parkway,

SEATTLE,

Washington,

98195, United States

Online/Distance (42 credit hours)

Tuition fees
US$44,100.00 per year
The fee rate is USD $1,050 per credit
Start date

Expected September 2022

Entry requirements

For students from United States

Prospective graduate students must meet the following minimum requirements: Hold a baccalaureate degree from a regionally accredited college or university in the U.S.1or its equivalent from a foreign institution; Have earned at least a 3.0 grade-point-average (on a 4 point scale) for the last 90 graded quarter credits or 60 graded semester credits. Other English Language Requirements: 580 paper-based TOEFL.

For international students

The admissions process is highly competitive. Meeting the requirements of admission does not guarantee a place in the program. In addition to all applicable UW Graduate School requirements, CFRM students must demonstrate exceptional command of:

  • Calculus through partial differentiation, matrix algebra, and one-dimensional optimization
  • Probability and statistics at the level of an upper level undergraduate course or entry level graduate course
  • A programming language such as Java, C++, Python, or in a math or a statistics programming language such as MATLAB, R/S-PLUS

English Proficiency:

The Graduate School is temporarily accepting official test scores for both the Duolingo English Test and the TOEFL ITP Plus For China to assist international students with remote testing options. This policy is currently in effect through the autumn 2021 admission cycle (i.e., students enrolling in autumn 2021).

TOEFL iBT - Minimum Required Score (ELP Required): 80; Recommended Score (ELP Satisfied): 92 or higher

TOEFL pBT - Minimum Required Score: 500

Duolingo: Minimum Required Score (ELP Required): 105; Recommended Score (ELP Satisfied): 120 or higher

IELTS: Minimum Required Score 6.5

*There may be different IELTS requirements depending on your chosen course.

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