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 <span class="secTitleSm">Center for </span>Computational Finance<span class="secTitleSm"></span></div>
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    <!-- InstanceBeginEditable name="PageTitle" -->Computational Finance at Carnegie Mellon<!-- InstanceEndEditable -->
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<p>The Center for Computational Finance hosts the <a href="NashLectures.html">Nash Lecture Series</a>, which  brings to campus distinguished researchers who have applied mathematical  methods to solve problems in finance. Past lecturers were Robert Merton,  Stephen Ross, Harry Markowitz and Darrell Duffie.  </p>
<p>The series is named for  John F. Nash, Jr., who earned his bachelor's and master's degrees in  mathematics in 1948 from the Carnegie Institute of Technology, which has  since been renamed Carnegie Mellon University. In 1994 Nash shared in the  Alfred Nobel Memorial Prize in Economics.  </p>
<p>The Center also hosts the <a href="HeathLectures.html">Heath  Lecture series</a>, in honor of David Heath, who retired from Carnegie Mellon  in 2006. Heath is best known for the Heath-Jarrow-Morton model of the term  structure of interest rates. </p>
<p>Ph.D. students at Carnegie Mellon may choose <a href="../graduate/PhDMathFinance.html">financial mathematics</a> as a  dissertation topic. Some of these students intern in the finance industry  during their Ph.D. programs and about half these students ultimately enter  the finance industry. The other half take academic positions after  completing the Ph.D. degree.  </p>
<p>The Department of Mathematical Sciences is a  partner in the interdisciplinary <a href="http://www.tepper.cmu.edu/master-in-computational-finance/index.aspx">Master of Science in Computational  Finance</a> (MSCF). The MSCF program, begun in 1994, was the first  computational finance Master's degree in the world, and it has established  Carnegie Mellon as a leader in this new discipline.  </p>
<p>The <a href="../undergraduate/bscf.html">Bachelor of  Science in Computational Finance</a> (BSCF) is administered by the Department  of Mathematical Sciences. This program was founded because recruiters  sought undergraduates with skills in the same key areas of finance,  mathematics, statistics and programming as they desired at the Master's  level. The first BSCF class graduated in 2003, and since then most BSCF  graduates have taken positions at major banks.The Bachelor of Science  program in Computational Finance (BSCF) at Carnegie Mellon is an applied  mathematics program with finance as a well-developed application area.  BSCF consists of courses in mathematics, finance, probability/statistics,  and computer programming. It is a joint program of the Mellon College of  Science (MCS), the Tepper School of Business, and the Heinz School of  Public Policy and Management. A student in either MCS or the Tepper School  can have Computational Finance as a primary major. Students in any college  can have Computational Finance as a secondary major or minor. The BSCF program includes advanced undergraduate mathematics. Because most  graduates are expected to enter banks or other financial firms, students  who major in BSCF prepare for their careers by also taking graduate  courses in the Heinz School on professional speaking, professional  writing, and organizational design.</p>
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<td class="footerCol" ><a href="http://www.math.cmu.edu/" target="_blank">Department of Mathematical Sciences</a></td>
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