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University of Maryland Master of Finance Overview

26/10/2023

650

Avg. GMAT

NA

Work Experience

$27K

Avg. Cost of Living

12-18

Months Duration 

$83K

Avg. Salary

Summary

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

NA

US News

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:

  1. 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.

  2. 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.

  3. 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.

  4. 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

27,464

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.

Employement Prospects: University of Maryland Master of Finance

74%

Employed within 6 months of graduation

83K

Avg. Salary

    Most Sought-after Jobs

  1. Private Equity Analyst
  2. Credit Analyst
  3. Actuary
  4. Compliance Officer
  5. Quantitative Analyst (Quant)
  6. Financial Planner/Advisor
  7. 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

  1. Official Transcripts:

    • From all colleges and universities attended. If not in English, include a certified translation.

  2. Diploma or Degree Certificate:

    • Submit a copy if not listed on your transcript. Include a certified translation if the document is not in English.

  3. Standardized Test Scores:

    • Official score reports from the GMAT or GRE.

  4. English Language Proficiency Scores:

    • Official score reports from the TOEFL, IELTS, or PTE if applicable.

  5. Letters of Recommendation:

    • Two letters from professional or academic contacts speaking to your qualifications for the MFin program.

  6. Personal Statement:

    • Describe your academic and professional background, career goals, and reasons for interest in the MFin program.

  7. 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

You are automatically considered for scholarships and graduate assistantships when the Admissions Committee evaluates your application for admission. 

Classes are held at the University of Maryland’s main campus in College Park, MD.

Transfer credits are not accepted into our master’s degree programs.

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.

No – Work experience is not required for any of the specialty master’s degree programs.

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

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