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Ameer Khatri MBA Consultant

Simon MS in Finance

07/10/2023

650

Avg. GMAT

3

Semesters

$85,500

Avg. Cost of Study

18

Months Duration 

$84,934

Avg. Salary

Summary

Introduction to MS in Finance at Simon

The Master of Science in Finance program at the Simon Business School, part of the University of Rochester, is a highly regarded graduate program designed for students looking to delve deep into the world of finance and gain the knowledge and skills required for success in this dynamic field. Situated in the vibrant city of Rochester, New York, the Simon MS in Finance program offers a rich learning environment with a strong emphasis on analytics, quantitative methods, and financial theory. 

This program is known for its quantitative focus and data-driven approach to finance, making it an excellent choice for individuals looking to launch or advance their careers in finance, asset management, risk analysis, and related fields. With its strong connections to the finance industry and a network of successful alumni, the MS in Finance program at Simon offers a solid foundation for students to thrive in the financial world and attain their professional aspirations.

Why Study MS in Finance at Simon?

42

FT Rankings

Studying the Master of Science in Finance (MSF) program at the Simon Business School offers several compelling reasons:

  1. Quantitative Excellence: The Simon MSF program is known for its rigorous quantitative approach to finance. It equips students with strong analytical and mathematical skills, making them highly sought-after in the finance industry, where data-driven decision-making is paramount.

  2. Renowned Faculty: The program is taught by a distinguished faculty with expertise in various financial fields. Their commitment to academic rigor and real-world relevance ensures that students receive a top-quality education.

  3. Data Analytics and Technology Focus: Simon’s MSF program places a significant emphasis on data analytics and financial technology (FinTech), reflecting the modern financial landscape. Graduates are well-prepared to navigate the increasingly digital and data-centric aspects of finance.

  4. Practical Application: The curriculum is designed to bridge theory and practice. Students have the opportunity to apply their knowledge through projects, case studies, and experiential learning, ensuring they are ready to tackle real financial challenges.

  5. Strong Alumni Network: Simon Business School boasts a vast and influential alumni network. Graduates benefit from these connections in terms of mentorship, career opportunities, and industry insights.

  6. Flexibility and Specializations: The program often allows for specialization in areas like investment banking, corporate finance, asset management, or risk management, enabling students to tailor their education to their specific career goals.

  7. Career Services: The school’s career services department is dedicated to helping students secure internships and full-time positions in the finance industry. Their guidance and industry connections are invaluable in launching successful finance careers.

Program Costs + Living Expenses : MS in Finance at Simon

$85,500

Avg. Cost of Tuition

+ 

$14,000

Avg. Living Cost

99,500

Avg. Cost of Study

Fees: In addition to paying tuition, students must also pay fees. These fees pay for a range of costs, including student government dues, technology fees, and health insurance for students.

Living costs: Living costs change based on the lifestyle and housing preferences of the student. For a single student living on campus, however, a conservative estimate of living costs is $14,000 each year. Housing, food, transportation, personal, and health insurance costs are included in this.

Supplies and books: The price of books Depending on the student’s course load and academic interests, the cost of books and supplies may vary. However, $500 each quarter is a fair estimate for books and supplies.

Transit: Depending on the student’s commute requirements and available transit options, the cost of transportation varies. However, $200 each quarter is a fair estimate for transportation.

Additional costs: Additional costs could include things like entertainment, travel, and presents. Depending on the student’s particular spending habits, the price of these expenses may vary.

Employement Prospects : MS in Finance at Simon

84%

Employed within 6 months of graduation

84,934

Avg. Salary

    Most Sought-after Jobs

Investment manager.

Change management engineer

Fashion retail project manager

Capital markets analyst

Consultant

Mergers and acquisitions (M&A)

The employment prospects for individuals with a Master of Science (MS) in Finance from Simon Business School at the University of Rochester can vary depending on a variety of factors, including your background, the job market, and your specific career goals. However, Simon Business School is known for its strong finance program and has a good reputation, which can be a valuable asset when seeking employment in the finance industry.

Here are some potential employment prospects for graduates with an MS in Finance from Simon Business School:

    1. Investment Banking: Many graduates from finance programs pursue careers in investment banking, where they work as analysts, associates, or other roles. Simon’s finance program can provide you with the skills and knowledge needed for these positions.

    2. Corporate Finance: Companies of all sizes require financial expertise to manage their finances, make investment decisions, and plan for the future. Graduates with an MS in Finance can find opportunities in corporate finance departments.

    3. Asset Management: Asset management firms, which manage investment portfolios on behalf of clients, often hire finance professionals. You can work as an analyst or portfolio manager in this sector.

    4. Financial Analysis and Consulting: Many financial analysts and consultants assist businesses with financial planning, budgeting, and strategic decision-making. Simon’s program can provide the analytical skills necessary for these roles.

    5. Risk Management: Risk management is a critical aspect of the financial industry. Graduates with expertise in finance are often hired to assess and mitigate risks within financial institutions.

    6. Quantitative Finance: If you have a strong quantitative background, you might pursue careers in quantitative finance, which involves developing and implementing mathematical models to make financial decisions.

    7. Real Estate Finance: Real estate firms often hire finance professionals to analyze real estate investments and manage portfolios.

Eligibility Criteria for MS in Finance at Simon

Due to the focused nature of the program, a bachelor’s degree in business, economics, or accounting is preferred for admission consideration. Having a background in one of these subjects will help to ensure that you have met the prerequisites for our program. Please note that the following courses must have been taken at the undergraduate level prior to enrollment at Simon in order to be eligible for the MS in Accountancy:

  • 3 semester credits of financial accounting
  • 1 semester credit of accounting elective
  • 3 semester credits of economics
  • 3 semester credits of finance
  • 21 semester credits of business electives
  • 81 semester credits of free electives


Note: Only college credit-bearing courses will fulfill the prerequisite requirements. Coursework must be completed/accepted at a college or university and appear on an official transcript. Please email the Simon Admission Team with any questions.

Documents required : MS in Finance at Simon

  • Online Application: Students have to submit an online application form at the official website.
  • Application Fee: Students need to submit their application fees.
  • Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
  • 3 Letters of Recommendation: Three letters of recommendation are required; one letter must come from an academic source, although Stanford prefers at least two. Recommendations must be submitted online. 
  • Official GRE Test Scores: Students have to submit their GRE Test Scores.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Application Deadlines - MS in Finance at Simon

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Scholarships Available : MS in Finance at Simon

Partner School Scholarships

Simon has partnerships with 26 colleges and universities across the US to create opportunities for motivated students to pursue graduate business education. Candidates with an undergraduate degree from one of our partner schools benefit from the following: priority admission consideration, a waived Simon application fee, and a minimum of $10,000 a year in merit-based scholarships for Simon’s full-time programs.

If you are a current or former student of one of the following undergraduate institutions, you will automatically receive Partner School Scholarship consideration when you submit your Simon application for admission. Please contact us at [email protected] or (585) 275-3533 with any questions.

Specializations & Electives Offered

MS&E master’s students complete breadth as well as depth. All are required to develop competence in optimisation and analytics, organisations and decisions, and probability.  In addition, every student pursues a speciality in one of seven areas:

  1. Financial Analytics
  2. Operations and Analytics
  3. Technology and Engineering Management
  4. Computational Social Science
  5. Decision and Risk Analysis
  6. Energy and Environment
  7. Health Systems Modeling

To know in depth about the curriculum and pre-requisites click here.

FAQs About MIF

You are eligible to apply if you have earned a Bachelor of Science in a similar science discipline, but you may be at a disadvantage compared to engineering majors who have applied. Please thoroughly review the requirements of the program in the MSME Graduate Handbook to help you decide if you are prepared for our program.

 Yes. Students with a BS degree are eligible to apply to the PhD program.

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

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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