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 CFRM program is established under the Department of Applied Mathematics

  1. Seattlite
    Established:
    2011
    Type:
    Full-time
    Tuition:
    $37,800 - $48,600
    Location:
    Seattle, WA
    The Master of Computational Finance and Risk Management program is a degree offered in the University of Washington’s Department of Applied Mathematics.

    Students are able to attend the CFRM program on-campus full-time, online part-time, through the Computational Finance Certificate, or through single course enrollment.

    MS Admissions
    CAMPUS
    January 15 - Round 1 Deadline
    March 15 - Round 2 Deadline

    ONLINE
    May 15

Recent Reviews

  1. Anonymous
    Anonymous
    5/5,
    I’m a full-time, on-campus student graduating this fall (2015) from the CFRM program. I would classify my experience at the program as excellent. I think a prospective grad student would be hard-pressed to find another school that offered a better quant-finance education per dollar spent. The following are strengths and weaknesses of the programs:

    Strengths:

    -Rigorous mathematically. For the most part, subjects are taught fairly rigorously. This is especially true of the classes which involve derivatives pricing. In a few courses, there just isn’t enough time to spend a lot on the theory (because of the sheer volume of topics covered), but this allows you to get a taste of more subjects and study them more thoroughly if you need to use them on the job (I’ve done this, for example, with a lot of time series concepts on the job).

    -Good experience using R, VBA, and SQL. In almost every class, there are a mixture of analytical exercises and computing exercises to be completed in R. This gives students a strong background in R computing and prepares them for tackling more involved projects in industry. There is also a course in VBA and SQL that has been very important for me in practice. In all cases, students get to work with real-world data.

    -Instructors are knowledgeable. Of course, there will always be a professor or two who aren’t superstars, but for the most part the faculty are highly skilled and have no problem teaching state-of-the art techniques.

    -Strong career help. Under the direction of Bill Anderson, the team members working to help students obtain internships and to network with industry professionals are one of the biggest strengths of the program. Each year, almost 100% of students who are actively looking for internships are able to get them. I am now working in a full time position at the company that I interned at because of the CFRM program.
    -Good online presence. All courses are offered both in-person and online. This is good for working professionals who are going back to school. The format allows for flexibility and the TA’s and professors are available online for office hours every week.

    Weaknesses:

    -Not enough time to learn everything. Despite the program being 42 credits, I felt that there wasn’t enough time in the 18 month program to deeply learn all subjects. I would imagine this is the same elsewhere, however. Still, I sometimes feel like I’m not 100% prepared for what my career might throw at me.

    -I don’t feel prepared for a career in derivatives. Our iteration of the options and derivatives course was not great. This was the only class in the program that I would consider to be anything but high quality. This year and the year before I took the course, it was taught by different professors and seemed better. I feel our class was stunted by this and it made it harder to deal with derivative pricing and stochastic calculus material later on.

    - This is a new program and some of the curriculum is experimental. A few of the classes my cohort took were either being taught for the first time or were significantly altered from the previous year. As a result, the teachings were maybe not as cohesive or organized as they could have been. These things will change as the program becomes more developed, however.


    Overall, I absolutely think I made the right decision choosing this program. I was able to make it through the program with strong academic performance and now have a full-time job because of my decision to attend.
  2. EverySunnyDay
    EverySunnyDay
    5/5,
    I am a full-time CFRM student. I think it's a great program, especially for international students:

    1) Great training in career development, communication skills, which might be one of the most important things for international students who are not familiar with US culture. Not every program can have career coaches that help every student revise his/her resume, cover letter again and again (usually at least 3 iterations) and even help find the right positions for you to apply. The program has extremely strong connection to financial industry in Seattle, as well as fast growing connection nationally including New York, Chicago.

    2) Flexibility of graduation date. You can either choose to graduate in one year with general track, or choose to stay longrt by taking more courses (1.5 year, 2 year and even longer are all possible). Don't look down upon this if you are an international student!!!!

    As a student coming from anther country and plan to find a job in US, usually you want to stay longer here in order to get adapted to the culture and give yourself more time for career training/internship experience. The flexibility in choosing your graduation date, plus a much more reasonable tuition make all these possible. What's more, if you find a job/internship after one year's study, you can start to work either part-timely or full-timely and transfer to online student. That means you don't need to be in Seattle. That's extremely helpful because a lot of the times if you can't start to work right away, the company will not give you an offer. As far as I know, CFRM is the only MFE program that provide the online track choice.

    3) Seattle is so beautiful!!!!!!!!!You'll love it, I promise.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.