The Faculty was founded in 1971 (initially called the Faculty of Applied Mathematics) on the base of the Chair of Computing Mathematics, which was established at the Faculty of Physics and Mathematics in 1957. A decisive role in Faculty's establishment, defining the roadmap of its scientific research and preparing human resources for the Faculty was played by such distinguished scientists as: A.A. Lyapunov, S.N. Mergelyan, Yu.I. Zhuravlev. S.N. Mergelyan was also the first Head of the Chair of Numerical Analysis – one of the three Chairs of the newly founded Faculty.