diff --git a/.coveragerc b/.coveragerc
new file mode 100644
index 000000000..5bf3032e4
--- /dev/null
+++ b/.coveragerc
@@ -0,0 +1,27 @@
+[run]
+omit=mlfinlab/tests/*
+     scripts/*
+     /opt/conda/*
+     # Ensure we exclude any files in .local
+     */.local/*
+     */Users/*
+branch=True
+
+# This config option is in v4.0a5 only supported on the command line
+concurrency=multiprocessing
+
+[report]
+partial_branches=True
+show_missing=True
+exclude_lines =
+    pragma: no cover
+    raise NotImplementedError
+    @abc.abstractmethod
+    @abc.abstractproperty
+    def _dependencies(self):
+
+[html]
+directory=cover
+
+[xml]
+
diff --git a/.travis.yml b/.travis.yml
index de14df2a3..054acba34 100644
--- a/.travis.yml
+++ b/.travis.yml
@@ -15,4 +15,4 @@ git:
 script:
   - python -m unittest discover
   - pylint mlfinlab --rcfile=.pylintrc -f text
-  - scripts/coverage
\ No newline at end of file
+  - coverage
\ No newline at end of file
diff --git a/scripts/coverage b/coverage
similarity index 100%
rename from scripts/coverage
rename to coverage