650
Avg. GMAT
NA
Work Experience
$27K
Avg. Cost of Living
12-18
Months Duration
$83K
Avg. Salary
Introduction to University of Maryland Master of Finance
The University of Maryland’s Master of Finance (MFin) program is a rigorous and comprehensive program that prepares students for successful careers in the financial industry. The program is designed to provide students with a deep understanding of the theory and practice of finance, as well as the analytical and problem-solving skills necessary to succeed in today’s complex financial markets.
The MFin program is offered by the Robert H. Smith School of Business, which is consistently ranked among the top business schools in the world. The Smith School has a strong reputation for its finance program, and its faculty are experts in their fields.
Why Study University of Maryland Master of Finance?
55
FT Rankings
44
QS Ranking
There are many great reasons to study for a Master of Finance (MFin) at the University of Maryland. Here are just a few:
Highly ranked program: The University of Maryland’s Smith School of Business is consistently ranked among the top business schools in the world. The Smith School’s finance program is also highly regarded, and its faculty are experts in their fields.
Experienced faculty: The Smith School’s finance faculty have a wealth of experience in both academia and industry. They are passionate about teaching and are committed to providing students with the knowledge and skills they need to succeed in their careers.
Rigorous and comprehensive curriculum: The MFin program is a challenging program that covers a wide range of topics, including financial statement analysis, corporate finance, investment analysis, and risk management.
Real-world application: The MFin program emphasizes real-world application of financial theory. Students have the opportunity to apply their knowledge to real-world problems through case studies, projects, and internships.
Program Costs + Living Expenses: University of Maryland Master of Finance
Avg. Cost of Living
The cost of attendance for the University of Maryland Master of Finance program is as follows:
- Tuition: $1,631 per credit for in-state students and $2,115 per credit for out-of-state and international students.
- Fees: $641.50 per semester for 9 or more credits and $331.50 per semester for 1-8 credits.
In addition to tuition and fees, students will also need to budget for living expenses, such as housing, food, transportation, and books. The estimated cost of living for graduate students at the University of Maryland is $27,464 for the 2023-2024 academic year.
Employment Prospects: University of Maryland Master of Finance
Employed within 6 months of graduation
Avg. Salary
Most Sought-after Jobs
Private Equity Analyst
Credit Analyst
Actuary
Compliance Officer
Quantitative Analyst (Quant)
Financial Planner/Advisor
Treasury Analyst
Businesses who have hired our Master of Finance Graduates
- BlackRock
- Capital One
- Citi
- FreddieMac
- HSBC
- Morgan Stanley
- PWC
- RiskSpan
Eligibility Criteria for University of Maryland Master of Finance
Academic Requirements
- Applicants must have completed a bachelor’s degree from an accredited institution with a minimum GPA of 3.0.
- Applicants with a quantitative or analytical undergraduate major may be considered for admission with a lower GPA.
- Applicants with a non-quantitative undergraduate major may be required to complete prerequisite coursework in mathematics and statistics.
Standardized Test Scores
- Applicants are required to submit a GMAT or GRE score. The average GMAT score for admitted students is 650.
- Applicants may be eligible for a GMAT/GRE waiver if they have a strong undergraduate record and a relevant professional background.
English Language Proficiency
- International applicants whose native language is not English are required to submit a TOEFL, IELTS, or PTE score. The minimum TOEFL score is 96. The minimum IELTS score is 7.0. The minimum PTE score is 68.
Documents required: University of Maryland Master of Finance
Official Transcripts:
- From all colleges and universities attended. If not in English, include a certified translation.
Diploma or Degree Certificate:
- Submit a copy if not listed on your transcript. Include a certified translation if the document is not in English.
Standardized Test Scores:
- Official score reports from the GMAT or GRE.
English Language Proficiency Scores:
- Official score reports from the TOEFL, IELTS, or PTE if applicable.
Letters of Recommendation:
- Two letters from professional or academic contacts speaking to your qualifications for the MFin program.
Personal Statement:
- Describe your academic and professional background, career goals, and reasons for interest in the MFin program.
Resume:
- A current resume highlighting relevant academic and professional experience.
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Scholarships Available: University of Maryland Master of Finance
Here are some of the scholarships available to MF students:
- Maryland Smith Alumni Association Student Scholarship Award: This scholarship is awarded to an incoming MF student who demonstrates exceptional academic achievement and leadership potential. The scholarship is worth $5,000.
- Long Nguyen and Kimmy Duong Scholarship Program: This scholarship is awarded to an incoming MF student who is a resident of Maryland and who demonstrates financial need. The scholarship is worth $10,000.
- University of Maryland, College Park – Double Terp Award: This scholarship is awarded to an incoming MF student who has completed a bachelor’s degree from the University of Maryland, College Park. The scholarship is worth $5,000.
- International Graduate Research Fellowships: These fellowships are awarded to incoming MF students who are international students. The fellowships are worth $6,19,125.
- Point Foundation LGBT Scholarship: This scholarship is awarded to an incoming MF student who is an LGBT student.
Specializations & Electives Offered
Core Courses
All MFin students are required to complete a set of core courses that provide a strong foundation in financial theory, analysis, and tools. These courses cover topics such as:
- Financial Modeling and Valuation
- Corporate Finance
- Investments
- Portfolio Management
- Financial Markets
- Risk Management
Electives
Beyond the core courses, MFin students have the opportunity to choose from a wide range of electives to tailor their program to their specific career goals. Electives are offered in a variety of areas, including:
- Financial Engineering
- Quantitative Finance
- International Finance
- Behavioral Finance
- Real Estate Finance
- Financial Technology
- Entrepreneurial Finance
FAQs About University of Maryland Master of Finance
How do I apply for financial aid?
You are automatically considered for scholarships and graduate assistantships when the Admissions Committee evaluates your application for admission.
Where are classes held for master’s degree programs?
Classes are held at the University of Maryland’s main campus in College Park, MD.
Are transfer credits accepted?
Transfer credits are not accepted into our master’s degree programs.
When is the best time to submit my application?
There are no priority deadlines. As long as you submit your application by the dates listed on the Admissions page, you’ll be equally considered for the program.
Is work experience required for the master’s degree programs?
No – Work experience is not required for any of the specialty master’s degree programs.
