Master of Options at Carnegie Mellon University

    Master of Options at Carnegie Mellon University

    Master of Options at Carnegie Mellon University

    Carnegie Mellon University offers the Master of Options as a full-time degree delivered on campus at its main campus in Pittsburgh , United States of America. Taught in English and completed over 2 years, the program equips students with the theoretical knowledge and practical skills required for options and related professional fields. The next available intake begins on August 22, 2027.

    About Master of Options

    Requires Completion of 45-820 Finance II. This course covers derivative markets, valuation and risk management. Derivatives are financial instruments that "derive" their value from an underlying asset. Derivatives contracts come in a variety of forms, including forwards, futures, options and swaps, and are used by corporations, institutions and individuals to manage price risks associated with stocks, bonds, interest rates, commodities, currencies and credit. The course begins with an exploration of why derivatives exist and a description of key derivatives contract markets. Next, we cover valuation. Specific topics include no-arbitrage pricing relations, valuation with the Black-Scholes/Merton formula, binomial models, and Monte Carlo simulation, implied volatility, and the "Greeks". The final section of the course explores specific derivative products and risk management problems, including portfolio insurance strategies, employee stock options, stock price collars, and commodity hedges.

    Requirements and Admission Criteria for Master of Options at Carnegie Mellon University

    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.

    Tuition and Fee Information for Master of Options at Carnegie Mellon University

    Application Fee 75
    Master of Options at Carnegie Mellon University
    Carnegie Mellon University
    Carnegie Mellon University
    United States of America

    United States of America, Pittsburgh

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