Computational Finance & Risk Management: Data Science Option

What is Computational Finance & Risk Management with a Data Science option?

Computational Finance and Risk Management (CFRM) is the application of advanced mathematical, statistical, and computational methods to solving quantitative finance problems. Students will investigate financial topics and explore the business world rationally, creatively, and critically, in a quantitative way.

The Data Science option in CFRM provides students with training in data science methods and practices through the study of statistical modeling, machine learning, artificial intelligence, and optimization, among other aspects of applied mathematics. 

How do you major in CFRM with a Data Science option?

  • Please visit our Admissions page for important details such as the application procedure and deadlines, admissions statistics, plus dates for upcoming info sessions!
  • Students may apply for the CFRM: Data Science option at the time of their application to the major.
  • Current CFRM majors can petition to enroll in the Data Science option during the Autumn and Spring admission cycles.

Degree requirements: 

Minimum 63-67 credits:

  • Mathematics: MATH 124, MATH 125, MATH 126 (or MATH 134, MATH 135, MATH 136) (15 credits)
  • Computing: AMATH 301, CFRM 425 (7 credits)
  • Introductory Applied Mathematics: AMATH 351, AMATH 352, AMATH 353 (9 credits)
  • Quantitative Finance: CFRM 405, CFRM 410, CFRM 415, CFRM 420 (12 credits)
  • Requirements for Data Science Option: (20-24 credits)
    • Data Science (17-19 credits):
      1. one of AMATH 481 or CSE 163 (4-5 credits)
      2. one of AMATH 482, CSE 414, or INFO 430 (4-5 credits)
      3. AMATH 483 (5 credits)
      4. one of CFRM 421, CSE 416/STAT 416, or STAT 435 (4 credits)
    • Society and Data (3-5 credits): 
      5. INFO 351 (4 credits) or SOC 225 (3 or 5 credits)

    General Education requirements for College of Arts and Sciences students may be found here.
    Minimum 2.00 cumulative GPA in courses applied to the major.

    Additional information for prospective students

    • Scholarships & Financial Aid: students can find a number of financial aid opportunities through the Student Financial Aid Office. With the Husky Promise, the UW guarantees to cover the full cost of tuition and standard fees for qualified students who otherwise could not afford to attend.
    • Career Preparation: students will experience a broad curriculum to learn high level mathematics in preparation for dynamic careers in a variety of fields and to become leaders in a society that exhibits increasing demands for competence in communication, computation, and quantitative analysis.
    • Admissions: Incoming FreshmenTransfersInternational Students
    • Additional policies, useful links, and resources may be found here!

    How do you meet with a departmental major advisor?