It has been a while since I I wrote an update on the University of Maryland Masters in Finance program. There have been some updates that I thought deserved posting and I know that this is a very popular East Coast program. Way overdue for an update on my end – apologies. Hopefully this information helps any of you considering this great MSF option.
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Class Profile
I am not sure if the below class profile is purely for the MSF program or for all the specialized business programs, but either way, it looks pretty fair and I checked some old posts and it looks in line with prior years. Pretty well balanced profile as well.
- Average GPA – 3.4
- Average GMAT – 639
- Average GRE – 309
- Years of Work Experience – 1 year
- Men / Women – 54% / 46%
General Updates
This is a 30 credit hour, STEM designated program that you can complete in 2 or 3 semesters. You can choose 3 program areas of focus – Asset Management, Climate Finance and Corporate Finance & Risk Management. You can gain experience by helping manage a portion of the UMD Global Equity Fund and the MSF helps you prepare for the CFA as well as other industry certifications.
Career Information
The University of Maryland MSF program has a 74% placement rate 6 months post graduation. This is pretty respectable considering this MSF has a good number of international students. Starting salary is $83,000 – very good when you compare other MSF’s.
I could not find a full list of placements, but the university provides a sampling of hiring firms. All good names.
- Blackrock
- Capital One
- Citi
- Freddie Mac
- HSBC
- Morgan Stanley
- PWC
- RiskSpan
I would imagine this program does well with government jobs as it is located right near the Washington DC.
Admissions
Tuition is currently (per 9/23) $2,115 per credit hour for non-Maryland residents pursing the MSF. That comes out to approximately $63,000 in tuition. If you are a resident the price will be lower. This is in the mid range of tuitions I have seen.
The application process is fairly standard. There is a GRE/GMAT waiver through the Maryland Incentive program. Criteria for this waiver is below:
In-person business master’s degree program applicants who have received their bachelor’s or master’s degree from a four-year institution within the United States are eligible for this incentive. Financial award amounts vary. If you are interested in qualifying for a GMAT/GRE waiver through Maryland Advantage, you must meet the following additional criteria:
- Earned a cumulative undergraduate GPA of 3.0 or higher
- Received a “B” or better in statistics and other advanced mathematical coursework
The application deadlines for the upcoming Fall 2023 admissions process:
- October 15
- November 16
- January 15 (Priority deadline for international candidates)
- February 15
- March 10 (Final deadline for international candidates)
- April 1
There is an upcoming information session for anyone interested in learning more about this MSF.
Master’s Programs Application Tips & Tricks
Date: to
Location: Virtual
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As I mentioned, lots of good things going on with this program. I think the information session should be helpful as well. I will reach out and see if I can get more career information as I know all of you find that very helpful. Stay tuned.
Here is a link to the University of Maryland Masters in Finance Program
