University of Maryland R.H. Smith School of Business - Master of Finance
UMD Smith Master of Finance Program Structure
The AASCB-accredited UMD Smith Master of Finance program is a 30-credit specialized master’s degree that can be completed in either 9 months, 12 months, or 20 months on its own. Undergraduate business students at the University of Maryland can also earn a bachelor’s degree and the Master of Finance degree in the “Plus 1” track. The program begins in the fall on the main campus of College Park, Maryland. No online classes are available.
Graduate students in the Master of Finance program have the option to complete one of two tracks: Financial Analysis – Risk Management, and Asset Management. Twelve credits are dedicated to the core program and 18 credits are dedicated to track electives.
Every class in the UMD Smith Master of Finance program is worth two credits each, regardless if it is an elective or a required core course. Meaning, the 30-credit program features 15 total courses. Included in the curriculum is an experiential learning opportunity, allowing students to accrue hands-on experience with established companies, such as Capital One; Citi Bank; and the Federal Housing Authority; among others.
According to the class of 2020, the average undergraduate G.P.A is 3.4. 46 percent of the student body was women, with the average GRE score being 313 and the average GMAT score being 658.
UMD Smith Master of Finance graduates can expect to earn an average annual salary of $80,000 USD. This is about $10,000 more annually than Master of Accounting graduates at UMD Smith and $5,000 more per year than Master of Supply Chain graduates.
Recent UMD Smith MFin data indicates that around 94 percent of graduates earned full-time employment within three months of earning the degree, with about 71 percent employed within just three months.
Tuition, Scholarships, and Financial Aid for the Maryland Master of Finance
Tuition for in-state residents in the University of Maryland Master of Finance program is currently $1,582 per credit. Out-of-state resident tuition is $2,015 per credit. MFin/MQF (Master in Quantitative Finance) tuition is $2,098 per credit.
In total, Maryland residents should expect to pay $49,963 (tuition and fees), while non-Maryland residents will pay around $65,247.
Numerous scholarship opportunities are afforded to Master of Finance applicants, including merit-based scholarships, which require no additional application.
Federal and private loans, as well as assistantship opportunities are offered to students to help fund their education, although the availability of certain loans may depend on the national residency of the applicant.
University of Maryland graduates potentially enrolling in the UMD Smith Master of Finance program may be eligible to waive the application fee, as well as the GMAT/GRE and video submission requirement. Eligibility is limited to UMD grads that have a GPA of at least 3.5, as well as a “B” average (or better) in Statistical Analysis or Quantitative Research Methods Courses.
Traditional applicants must provide the following:
• Official transcripts
• A completed application
• A “sufficient quantitative background”
• GMAT/GRE scores (waivers available)
• One letter of recommendation
• A current resume
• One essay
• A video response
• TOEFL or IELTS scores (for non-native-English speaking applicants)
• $75 application fee
2020-2021 Maryland Master of Finance Deadlines
|Application Deadlines||Decision Deadlines|
|October 15, 2020||November 30, 2020|
|November 16, 2020||January 15, 2021|
|January 15, 2021||March 1, 2021|
|February 15, 2021||March 31, 2021|
|March 10, 2021
Priority deadline for international applicants.
|April 21, 2021|
|April 1, 2021||May 10, 2021|