Seminar in Finance I (Finance Theory)

    Seminar in Finance I (Finance Theory)

    Duration4 year(s)
    Tuition Fee
    USD 45,700 / Year
    Next IntakeAugust 22, 2022

    Seminar in Finance I (Finance Theory)

    About

    Finance is the allocation of resources across states and time. We will start with allocation across states – that is a static, single period model. Allocation of resources across states is "risk." What is it? We look at arbitrage and its implications, preferences over risky outcomes, portfolio choice, and equilibrium. Surprisingly (or not) all these topics are tightly related. Next up we look at the dynamic models. The topics are the same. We now just incorporate the new dimension of time along with states. Here we look at dynamic arbitrage, dynamic preferences, and dynamic portfolio choice. Lastly we look at equilibrium asset returns. Here we explore some of the classic issues in finance about the dynamics of equity returns (the equity premium, for example).

    Requirements

    Entry Requirements

    GPA

    3.41

    Average

    3.43

    Median

    3.03-3.76

    Middle 80%

    English Requirements

    • IELTSMin 7.5
    • TOEFLMin 102

    English Program Requirements

    Candidates are required to demonstrate a level of competence in English to meet the admissions requirements of the university. You are required to take a TOEFL, IELTS, or Duolingo exam unless:

    • You attended an undergraduate institution, earning a bachelor’s degree, where the sole language of instruction was English.
    • You earned a graduate degree where the sole language of instruction was English. (Although not required, we do recommend that you take the English Language Proficiency exam.)

    You must request that the official score be sent from the testing agency to our program for us to verify the score entered into the application. Request that the official score be sent to us using the following codes:

    • TOEFL Program Code: Institutional Code = 2074; Departmental Code = 02
      • Pro Tip: The recommended TOEFL score is 25 on each section of the Internet-based test. The minimum TOEFL scores required to apply for admission are: Reading: 20, Listening: 20, Speaking: 20, Writing: 20
    • IELTS Program Code: Select Carnegie Mellon and the Tepper School of Business 
      • Pro Tip: The recommended IELTS score is 7 overall and 7 in each band. The minimum IELTS scores required to apply for admission are: Listening: 7, Reading: 7, Writing: 7, Speaking: 7, Overall Band: 7
    • Duolingo Program Code: Select Carnegie Mellon University – Tepper School of Business
      • Pro Tip: The recommended Duolingo English Test (DET) score is 120 overall

    Pro Tip: TOEFL and IELTS scores are valid for two years and must be valid at the time you submit your application.

    Pro Tip: If you earned a degree from a non-U.S. institution, your academic documents should state that the sole language of instruction for the entire university was English in order to be eligible for a TOEFL/IELTS/Duolingo waiver. If your academic documents don’t include this, you should upload an official letter from the University Registrar indicating English as the mode of instruction for the entirety of the degree.

    Fee Information

    Application Fee 75

    Seminar in Finance I (Finance Theory)

    Carnegie Mellon University

    Carnegie Mellon University

    United States of America

    United States of America, Pittsburgh