Enrollment in the Master Study program

Master study program Master in Computational Finance (MCF) lasts for one year. Upon completion one receives 60 ECTS. The enrollment deadline is November 1st. Prior to the commencement of the program we organize Bootcamp in Programming, Math and Probability.

If you are interested in studying at the MCF program, it is important first to decide whether you want to apply to the Short-cycle program (see http://mcf.raf.edu.rs) or the master degree program MCF. The coursework is identical and they cost the same. On the other hand, the entrance into the master degree program is subject to more stringent formal requirements. Another key difference is that in order to receive the master degree you need to, apart from completing the coursework, also write and defend a master thesis (in English). Last but not least, 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 at mcf[@]raf.rs.

Enrollment conditions into the master degree program Master in Computational Finance

In order to enroll to the master degree program Master in Computational Finance, a candidate has to have a completed university-level academic studies for the minimal duration of 4 years (240 ECTS) and a working knowledge of English at the level of B2. We are looking for highly motived quantitative apt applicants from different majors with a primary focus on applicants from the fields of computer science, economic sciences, engineering, natural sciences and mathematics. A candidate that has completed university education outside of Serbia needs provide a document certifying the equivalence of her degre to a degree in Serbia (this is called convalidation or nostrification) before one can apply to the master degree program. This is done at an accredited university in Serbia (in our case, at Union Unversity).

The process of selection of candidates

A candidate’s place on the ranking list is determined based on the prior academic achivements (the maximum number of points is 40 for this category) and an in-depth interview conducted in English with each individual candidate. During the interview, the Entrance Committee tests the knowledge of the candidate in the areas of differential calculus, integral calculus, ordinary differential equations, linear algebra, probability as well as basic algorithms and data structures, with implementation in a programming language of choice. The candidate is asked questions related to understanding of basic concepts and ideas. In this way, candidates are simultaneously tested in their abililty to communicate in English as well as their appropriate domain knowledge. The maximum number of points one can obtain on an interview is 60 (i.e. up to 10 points for each of the stated 6 areas of knowledge). The total number of points is, therefore 100.

The candidates are ranked based on the total number of points. The first 15 candidates are offered admissions. A candidate that has refused the admision is substituted with the next candidate on the list and so on, until the list is exausted. Candidates need to enroll in accordance to the enrollment schedule. If one does not enroll in time, the Faculty will immediately after the deadline expires update the final ranking list and enroll students that were originally “below the line” until all available slots are filled, or the the entire list of qualified candidates is exaused.

All of the above conditions and procedures apply equally to domestic and foreign students.

Candidates that have the right to enroll into a second level study program submit the following documents:

1) birth certificate,
2) certified photocopy of the Diploma or the Certificate of Completion of previous studies,
3) certified photocopy of the Diploma Supplement or the Certificate of the Exams Passed in
previous studies,
4) printed out national ID (in case of Serbian citizens)
5) proof of payment of tuition
6) foreign applicants submit a copy of their passport instead of (1) and (4).

In addition, if a candidate has a university degree obtained from a foreign institution of higher education, in order to enroll he/she has to obtain the convalidation (equivalence) of the degree in the Republic of Serbia.

If you have any questions please do not hesitate to contact us at mcf[@]raf.rs.