Master in Computational Finance
Union University - School of Computing
Key Information
Campus location
Belgrade, Serbia
Languages
English
Study format
On-Campus
Duration
1 year
Pace
Full time
Tuition fees
EUR 6,000 *
Application deadline
Request info
Earliest start date
Oct 2024
* Unemployed students have 50% discount | Students who completed the Short-Cycle MCF don't pay tuition fee
Introduction
The Master in Computational Finance (MCF) program creates a new type of financial experts. They combine strong problem-solving skills with advanced knowledge of finance. They handle and extract useful information from exponentially growing available data, receive firm grounding in relevant math and statistical modeling and create working prototypes in popular programming languages such as Python and R. In addition, participants implement and test their trading and hedging strategies on a realistic trading simulator.
Upon the completion of the Master degree program one receives Master in Computer Science - Computational Finance degree from the School of Computing, Union University. If one wants to just complete the coursework without writing the Master thesis, or if one has completed, say, a 3-year academic program, one can enroll into the Master in Computational Finance (MCF) Short Cycle program.
Program Mission
Our mission is to create a world-class program in computational finance in Belgrade, Serbia which facilitates the development of high-value-added activities combining finance and technology in South East Europe and around the world. We envision our program as a center of excellence where banks, fintech companies, institutional investors and other companies and institutions can significantly enhance the expertise of their employees as well as find the most talented and motivated young people with a unique mix of skills.
The program integrates the knowledge and experience of finance professionals and academics educated at the leading European and American universities with the expertise in the area of computer science, machine learning and artificial intelligence. It is carried out in English.
Organization
The MCF program is taught by the prominent faculty with PhDs from the leading international universities and significant practical experience. The Advisory Board consists of distinguished professionals working with prestigious financial institutions in the United States and Europe. These features connect the program with the world best practices and ensure its relevance.
Coursework
The coursework lasts approximately 12 months and is taught in English. It commences by remedial training in programming (Python and R), math and probability, using examples from finance and economics. After that, participants complete 5 required and 2 out of 4 elective courses. Students interested in receiving a Master in Computational Finance certificate from Collegio Carlo Alberto need to complete additional two online elective courses from the Collegio.
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Admissions
Scholarships and Funding
Currently there are several stipends for the short-cycle MCF programs and none yet for the master degree program. The stipends cover in full tuition and fees for participating in the program. If you are unsure how to proceed and what could be your optimal strategy given your goals and circumstances please contact us
Curriculum
Required Courses
- Bootcamp in Programing, Math, and Probability
- Financial Computing and Quantitative Investments
- Financial Derivatives
- Statistics and Financial Data Analysis
- Machine Learning
- Fixed Income and Credit
Elective Courses (select 2 from the list)
- Stochastic Calculus
- Quantitative Risk Management
- Numerical Methods
- Topics in Fintech
- Investments
- Algorithmic Trading, Blockchain and Decentralized Finance (DeFi)
Program Outcome
Upon the completion of the MCF Master degree program one receives the academic title Master in Computer Science-Computational Finance from the School of Computing, Union University, Belgrade. The program is accredited as the official Master program in the Republic of Serbia.
Upon completion of the MCF Short-cycle program one receives the Certificate of Completion of the Master in Computational Finance (MCF) Short-Cycle program from the School of Computing, Union University, Belgrade. The program is approved by the National Council for Higher Education of the Republic of Serbia.
Program Tuition Fee
Career Opportunities
People that combine strong finance, programming and quantitative skills with keen understanding of how financial markets and institutions work are both regionally and globally in very high demand. Graduates of MCF program, therefore, have excellent placement opportunities. In addition, some of them may be interested in creating their own fintech startups.