Master of Trade and Investment Strategy at Carnegie Mellon University

Carnegie Mellon University

United States of America, Pittsburgh

University Rank:#52

International students can study the Trade and Investment Strategy at Carnegie Mellon University at its main campus in Pittsburgh , United States of America. This Master degree is available as a Full Time program delivered on campus in English. The program has a duration of 2 years and is offered at the university's main campus. Students can apply for the next intake starting on August 22, 2027.

About Master of Trade and Investment Strategy

"Trade and Investment Strategy" is a strategy elective on the microstructure of trade and growth in private enterprise. It combines analytic with experimental methods to investigate strategic interactions in bidding, buying, selling, designing trading mechanisms, consumption based portfolio analysis, investment dynamics, and governance. We begin with an explanation of trading in electronic limit order markets, an exchange mechanism that has been widely adopted in the financial sector, is paradigmatic of most markets, and holds great promise for efficiently regulating procurement practices and inventory control in micromarkets. To analyze optimal trading rules, we investigate the role of arbitrage in limit order markets, and then probe more deeply into auctions, which are essentially one sided limit order markets. We describe the main kinds of auctions, investigate optimal bidding behavior, and compare revenue outcomes from different auction formats. Individual valuations form the basis for bidding and trading, and in the third section of the course we investigate how those valuations are determined. We analyze how investment profiles are valued from their underlying dynamic choice profiles, we characterize attitudes towards risk, and we explain preferences for consumption at different points in time. Armed with estimates of risk tolerance and timing preferences for consumption over the life cycle, we derive optimal consumption smoothing, which determines investment and portfolio choices, and motivates the demand for mutual and pension funds, hedging practices, and more generally a financial retail sector. This leads us to our last topic, problems peculiar to large investors, whose decisions affect the affect of the operations of the firm. We focus on the goals of the board members, their willingness to deviate from expected value maximization, and the means to implement their goals through managerial compensation policy and leveraging their own firms. For more information please see the course link: http://www.comlabgames.com/45-871/ (6/13-RM)

Requirements and Admission Criteria for Master of Trade and Investment Strategy 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 Trade and Investment Strategy at Carnegie Mellon University

Application Fee 75

Master of Trade and Investment Strategy at Carnegie Mellon University

Carnegie Mellon University

United States of America, Pittsburgh