The University of Delaware Masters in Finance program is another great East Coast MSF option for anyone looking for an affordable way to pursue a specialized masters. The university is well respected and the alumni base is concentrated in NYC and Philadelphia. I posted about this program ages ago, but I will use this as a refresher post on the program for those interested.
Overview
This is a 30-credit hour, full or part time program taught at the University of Delaware campus in Newark, DE. This MSF is STEM certified allowing for an extended visa for international students. There is a dual MBA+MSF option as well as a 4+1 for undergraduates who want to go right into their masters.
Of the 30 credit hours, 24 credits are required classes and 6 are electives. You have some higher level statistics classes you can take for the electives so you can make this more quantitative if you desire.
Admissions
Application requirements are standard – resume, personal essay, two recommendations, etc. GMAT and GRE are not required, but you can take it to help offset a weak area on your application. Delaware mentions that a 3.0 undergraduate GPA is required so keep that in mind.
Delaware accepts applications on a rolling basis and students can start in the fall, spring or summer. If you are seeking merit based scholarships, make sure to apply for them based on their deadlines. Domestic applications are accepted up to a week before class starts so you have a big window.
Fall Semester
- Priority consideration for funding: February 1 (first round of funding)
- Domestic applicants: August 4
- International applicants: June 1
Spring Semester
- Priority consideration for funding: October 1
- Domestic applicants: January 1
- International applicants: November 15
Summer Session
- Domestic applicants: May 1
- International applicants: Generally not admitted for this term
Tuition is based on residency, although there isn’t that much of a difference between the two.
- Resident – $920/credit hour – $27,600
- Non-Resident – $1,028/credit hour – $30,840
Careers
So the website does not have a specific career report, but if you go to the career services page, click graduate degrees, and filter career outcomes for graduate degree and finance, you get what I think is a good indication of the programs placements. At least directionally.
Of the 2/3rds of graduating students who responded to the 2022 survey, 80% have found employment. There was no salary data, but finance jobs pay a pretty fixed amount for the analyst level.
Here is a list of top employers:
- BlackRock – Corporate Action Analyst
- Freddie Mac – Multifamily Securitization Analyst
- General Motors – Material Returns Supervisor
- JPMorgan Chase & Co. – Trading Services Analyst
- Philly Shipyard – Cost Analyst
- Sallie Mae – Statistical Modeler I
- Stifel Financial Corp. – Registered Client Service Associate
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So that is the update on this program. I would consider this an affordable and locally prominent program and would make sense for someone in the Northeast or looking to primarily working in the NYC/Philly?Baltimore area. Unlike some state schools, the tuition here is reasonable even if you are not a state resident. Plenty of UDelaware alumni in the area and this program has been around for a while now.
Here is a link to the University of Delaware Masters in Finance Program
