C++ Programing for Financial Engineering Online Certificate. Approved for 15 CPE credit hours by GARP

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University of Washington Computational Finance & Risk Management program

The UW CF&RM program is established under the Department of Applied Mathematics

Recent Reviews

  1. weijiu wu
    weijiu wu
    5/5,
    I joined the CFRM certificate program first in 2011 and enjoyed the courses that the faculty offered and subsequently decided to continue progressing towards the M.S degree in computational finance and risk management. From my experience, the coursework is relevant to the real quant world, the faculty is caring in my career development, which in my experience really set them apart from many other similar programs in the country, and I benefited a great deal from the strong industry connection this program has in the area which not only helped me in landing my internship but also bridged me to my current job.
  2. Anonymous
    Anonymous
    5/5,
    W-CFRM program is an excellent program which provides students with abundant knowledge and career resources. I joined the program in 2012 and I really enjoyed the courses they taught, which are based on real-world financial problems and are highly applicable in the industry. Almost all the students got opportunities to intern during summer quarters, and many winded up as full-time job offers. If a career in the financial industry is your goal, I would highly recommend this program.
    W-CFRM program is an excellent program which provides students with abundant knowledge and career resources. I joined the program in 2012 and I really enjoyed the courses they taught, which are based on real-world financial problems and are highly applicable in the industry. Almost all the students got opportunities to intern during summer quarters, and many winded up as full-time job offers. If a career in the financial industry is your goal, I would highly recommend this program.
  3. Serena
    Serena
    5/5,
    UW-CFRM program is an excellent program which provides students with abundant knowledge and career resources. I joined the program in 2012 and I really enjoyed the courses they taught, which are based on real-world financial problems and are highly applicable in the industry. Almost all the students got opportunities to intern during summer quarters, and many winded up as full-time job offers. If a career in the financial industry is your goal, I would highly recommend this program.
  4. SSss
    SSss
    4/5,
    Please provide information about your background.
    3.54/5 overall, 4.1/5 professional. Major in Financial Engineering.
    Did you get admitted to other programs?
    Yes, Fordham, Rutgers, SMU, Alabama, Uconn
    Why did you choose this program?
    The program has strong applied Math background and Statistic oriented. Also faculties are very awesome.
    Tell us about the quality of teaching.
    Very good. Workload is a little overwhelming, However, I got a lot coding experiences, which is very useful in job hunting.
    What is unique about this program?
    1. Focus on R programming, which is increasingly popular and very cool.
    2. Practical oriented curriculum set. We do some practical oriented project, such as designing a portfolio strategy, doing becktesting and competing final return with classmates, also pricing options by numeric.
    What are any weaknesses in this program?
    Workload is heavy and study pace is really fast. I didn’t have enough time to deeply dig some point you interested in. Also, if you didn’t have a good schedule and strong motivation to push you executing your plan, you may feel bad.
    What was your experience like with career services?
    I thinks the career services is good enough. It truly provide me and my classmates a lot of opportunities, even though the companies are not all big names and the positions are not all what you like. I have to admit the career services of our program do their best with the limited recourses.
    What is the student body like?
    Math, Engineering and stats is primary. One or two are finance
    Do you have any suggestions to make the program better?
    Let the students close to live markets and pay an attention to the markest. Maybe set up a trading floor and let all the students form a mock assets management company, each acting as a role in that company and running a mock fund continuously from every beginning to their graduate.
  5. DanniLin
    DanniLin
    5/5,
    Before joining the CFRM program, I had a Bachelor of Science major in Statistics, minor in Mathematics. I felt the basic statistics skills were not enough for me, I wanted to apply my statistics and mathematics knowledge in my favorite field - finance. Since I studied my undergraduate degree in the University of Washington, I got chance to sit in the CFRM classes, the live discussion and materials taught there were really appealing to me. My friend who was a PhD at UW was taking the CFRM classes and gave me very positive feedback too. CFRM program became my top choice.

    Quality of teaching is great, the instructors are very helpful. Instructors use class time very efficiently and assign meaningful assignments. Outside classroom instructors and TAs give a lot of extra help. All the lectures are recorded and available online, which becomes very handy for review.

    CFRM program offers us seminars, career coaching events, networking events, student clubs. Those activities outside classroom provide different perspectives of learning knowledge, connecting us with what is happening in the world. Students like me who like to participate in organizing such events also get a chance to gain leadership skills.

    My classmates were friendly and with different backgrounds, which allow us always have something to learn from each other. Faculties and staffs were very helpful, especially when students look for internships and jobs. I got my first internship in a financial company during my second quarter in CFRM program, after 3 months of internship I was offered a full time job. Because the flexibility of CFRM curriculum, I could work full time in the day and go to classes at night, the materials were also available online. Without the things I learn from the program and the help from professors, I could not be offered a job while I was still studying the degree especially during years when economy was not that good. I was really thankful to everybody in the program.

    After obtaining my Master's degree from CFRM, I got an even better job offer from Microsoft. I am current a forecasting model specialist, leveraging many things I learned in CFRM program such as financial modeling, I think the 2 years I spent with CFRM were definitely worthy and significant to my future.
  6. Erik Lehr
    Erik Lehr
    5/5,
    The well-balanced blend of theoretical and practical finance which comprises the University of Washington's M.S. program in Computational Finance and Risk Management resoundingly met my objective of pursuing a quantitatively based career in finance. The curriculum is highly analytical and rigorous without being overly abstract. Theory is combined with application to ensure that concepts are not only deeply understood, but also can be used in the field. I found that the mix of academics and industry professionals in the faculty was extremely helpful in preparing for a wide range of positions in the finance industry while remaining on the cutting edge of financial theory and statistical applications. The program focus on portfolio analysis and risk management (using R) is one of several aspects that sets the CFRM program apart from many other quantitative finance programs. The CFRM faculty and staff are committed to providing students with a comprehensive experience: offering seminars from leading academics and practitioners, bringing in outside consultants to prepare students for the process of finding and getting a job, and sponsoring finance-based events in the community. My participation in this program has undoubtedly enhanced my financial research and analysis skills. I highly recommend the M.S. program to someone looking to develop or improve their knowledge and abilities in quantitative finance and financial programming.
  7. Paul Bouchey
    Paul Bouchey
    5/5,
    I was working as a Managing Director of Research at Parametric and decided to try the CFRM program. My background is in Physics and even with 15 years experience and a CFA I found the program at the UW to be extremely useful at work. The MS in Computational Finance and Risk Management at the UW has the Applied Mathematics department as its home, and consequently provides a very strong foundation in the statistical and analytical concepts of quantitative finance. However, the ability to solve a partial differential equation or derive the Black-Scholes model alone won't land you a job or help you keep it. What this program does to help prepare students for a successful career in quantitative finance is create a solid link between theory and practice. It accomplishes this through a focus on R programming, a specific course on electronic trading, and through the faculty which are a healthy mix of academics with industry experience and leading industry professionals contributing their knowledge and experience as Affiliate Instructors. Highly recommended to people who are new to investing and to those who have significant experience.
  8. Xiang
    Xiang
    5/5,
    I had an undergraduate degree in Math/Econ before joining the CFRM program. I was admitted to other programs, but I choose CFRM for the Impressive curriculum, the experienced faculties, and since I’ve set my vocational goal in China, I’m thankful that I could explore the local market and at the same time have the opportunity to be able to achieve the same MS degree as on-campus UW students.

    The Computational Finance Certificate program has been very intense, and I was overwhelmed at first. Because I live in China it was a little hard at first for me to be as in-sync as other on-campus MS-CFRM degree students, especially with the group projects. But later on with the help of my group members and other peers, and with all the discussions we had in the online General Discussion Forum and emails, I was able to catch up and understand.

    The TA recorded office hours were particularly helpful. This is because the time difference between China and Seattle made it almost impossible for me to attend the live online hours. I could always watch the recordings of the TA sessions and email the TA’s or professors whenever I was confused. The instructors and the TAs were very quick to respond and as a consequence I always able to get my problems solved in time.

    The course projects experience was very helpful in my intern and job hunting, including the last project in AMATH 543 which helped me impress the recruiter. I really love the fact that we get to practice on real-market problems. It is good to see that one of my suggestions for improvement by adding more courses with a more balanced workload has been incorporated into the curriculum.

    The CFRM definitely deserves a 5-star rating, I have just completed this degree and these past 1.5 years in the program have prepared me well for the industry.
  9. Yadwinder Garg
    Yadwinder Garg
    4/5,
    • Please provide information about your background.
    Before joining the CFRM program, I had a Bachelor of Technology in Electrical Engineering degree and I had been working in that field for 3 years.

    • Did you get admitted to other programs?
    No

    • Why did you choose this program?
    Tuition fee was among the least as compared to other programs. One of my friends was already doing a PhD at UW when I applied, so I thought it would be easy for me live in Seattle.

    • Tell us about the quality of teaching.
    Quality of Teaching is great. Instructors are really helpful. Large emphasis is given to the homework assignments which are meaningful and add a lot to the learning. The program offers almost a perfect balance of breadth and depth in the field of quantitative finance.

    • What is unique about this program?
    All the lectures are recorded and available online. This becomes really handy later on, as you can continue to do internship/work and attend the school at the same time.

    • What are any weaknesses in this program?
    When I was attending this program, it was still evolving and the syllabus of some courses wasn't very comprehensive. Now, with feedback from students, it's more thorough and offers several elective courses.

    • What was your experience like with career services?
    Being a new program, there is a slight disadvantage when you apply for jobs and the career fair at UW doesn't get many finance firms. But the faculty and program adviser work hard to get you interviews and get placed. Overall, my experience with the career services was good.

    • What is the student body like?
    I was shy and didn't interact much with my class in person, but the online discussion forums were great. Several online students were working professionals and their perspective added a lot to the knowledge.

    • Do you have any suggestions to make the program better?
    Most of the courses in first year have smaller assignments and no big projects. So when you apply for internships, you don't have much to write on your resume. It's difficult to implement, but I feel if there was a way of doing some meaningful projects in the first year itself then it would add a lot of value to the resume and give you a great point to talk about in an interview.

    • What is your current job status?
    Currently, I'm working as an intern at Research Affiliates LLC, Newport Beach, CA.
  10. XChen
    XChen
    5/5,
    Can you tell us a bit about your background?
    I had an undergraduate degree in EE, a MS degree in Transportation Planning and worked as a consultant in transportation infrastructure planning for 2 years before joining the CFRM program.

    Did you get admitted to other programs?
    I applied for CFRM program only.

    Why did you choose this program (over others, if applicable)?
    Initially, I chose this program because my family was in Seattle, but it turned out to be one of the best decisions I have ever made.

    Tell us about the application process at this program.
    Just submitted application material according to the instructions listed on the program website and the result came by email.

    Does this program offer refresher courses for incoming students? How useful was it?
    The program offers a variety of refresher courses, including probability & statistics, R programming and introduction to capital markets so that students coming from different backgrounds can be better prepared for the program.

    Tell us about the quality of teaching.
    The more theoretical courses are taught by professors from the academia while the practically-oriented courses are mostly taught by experienced professionals from the industry. The instructors are very familiar with the topics they are teaching and often offer insights of their own besides covering the standard textbook material.

    What is unique about this program?
    The program is extremely flexible in that aside from a few core courses, the student is free to choose their combination of elective courses to achieve their own goals under the assistance of the program advisor, such as a computing pathway or a risk management pathway. As the name of the program suggests, the program has an abundance of courses concerning risk management, which has become a central topic in the industry after the financial crisis.

    What are any weaknesses in this program?
    This is a relatively new program so the alumni network may not be as developed as some of the older programs. However, the program has been working very hard at building networks with the industry.

    What was your experience like with career services?
    Besides the standard career services, such as job postings and resume revising, the program also have a 3-day interview coaching session given by professional interview coaches. The program is especially active in marketing the students to local firms for internship and full-time employment opportunities.

    Do you have any suggestions to make the program better?
    Regarding the course material, I would like to see an addition of operational risk management course in the curriculum.

    What is your current job status?
    I am currently a PhD student in Applied Mathematics at University of Washington focusing on the understanding and quantitative modeling of systemic risk in the financial system. The inspiration, knowledge and skill sets I acquired from the CFRM program definitely prepared me well to study this exciting area with both theoretical and practical implications.