FAQs

Is this an accredited degree I'll receive?

Yes. The University of Maryland's Robert H. Smith School of Business is accredited by the AACSB (Association to Advance Collegiate Schools of Business) and your diploma will read Masters of Finance.

Are the program professors Smith School faculty?

Yes, the program is taught by many of the same world-class faculty who teach in Smith's top-ranked MBA programs, along with industry practitioners.

What kind of access will I have to professors?

All professors will be available to meet during office hours and for scheduled appointments. They will also be available via email and phone.

How much of the program is done online?

None of the course work is done online. All teaching happens in the classroom. Groups, however, may choose to work virtually between classes. Virtual team interaction and group collaboration are facilitated through an online course management tool.

Are there electives?

Yes. Students are required to complete 16 credit hours as electives.

How can I learn more about the program?

Please fill out the Information Request Form or attend an information session.

Where are classes held?

The program is offered at three locations: College Park, MD, Baltimore, MD (in the UMD Bio Park at 801 W. Baltimore Street, Baltimore, MD 21201) and in Washington, D.C. (in the Ronald Reagan Building and International Trade Center at 1300 Pennsylvania Avenue NW, Washington, D.C., 20004). 

Go to the admissions page for specific admissions requirements.

Is the application online, and is there an application fee?

Yes, the entire application process is online and the application is $75.

Do I need to submit an essay?

Yes, the written essay should articulate your qualifications and motivation for pursuing advanced education.

What is the video response?

The purpose of the video response is to assess your business communication skills and is a way for the admissions committee to get to know you in addition to your written essay.  A link to the video with instructions and details are available once you select your program of interest.  You do not need special software, just a computer or device that has a camera/webcam to create your video response.

Do I have to take the GMAT or GRE?

Yes. Because of the quantitative aspect of the program, you must submit the GMAT or GRE.  Generally, students who have produced GMAT scores in the 600s or above have been successful in the program.  At least one official score must be submitted.

Do I need to submit a transcript(s) for each college or university attended?

Yes, the online application allows you to upload a scanned official transcript(s) for each college or university attended. If the official transcript where you received your degree does not state the degree was conferred, please also upload an official diploma or official copy of your degree received (most schools already list the conferred degree on the transcript). If you are formally admitted to the University of Maryland, you will be required to submit an official transcript at new student orientation. If your transcript is not in English, please also an official transcript translated into English.

Who should provide my letter of recommendation?

A supervisor within your organization or from a professor familiar with your work.

Am I required to take the TOEFL or IELTS?

International applicants who have received an undergraduate or graduate degree from one of the countries listed here are waived of this requirement. You must have attended classes for at least 2 years and received the degree in one of these countries to be exempt from the TOEFL/IELTS requirement.  If you earned your degree from a country not on the exemption list, then you must complete the TOEFL or IELTS.  The minimum score required on the TOEFL is 100, and 7 on the IELTS.

What is the deadline for application?

Go to the admissions page for the most up to date information on deadlines.

Who in my company should I talk to about sponsoring me and how do I explain the program benefits to my company?

Seek out support at the highest levels - not just your immediate supervisor - and be ready to point out the extra benefits of the Smith Finance Program.

How much does the program cost?

The tuition is approximately $49,000 for the Baltimore and Washington, D.C., location. At the College Park location, the tuition rate is dependent on your residency status in the state of Maryland. If you qualify for in-state tuition rates, your cost will be approximately $47,000. If you qualify for out-of-state tuition rates, your cost will be approximately $59,000. These amounts do not include books and additional course materials that are required to attend class. These tuition figures are based on fall 2014 costs and will change for the fall 2015 term.

Is financial aid available?

Financial aid assistance is available through loans. Go to the University of Maryland’s Office of Financial Aid Web site for more information. We do not offer any scholarships or assistantships for students in the MSB program.

Can international students enroll in the Master of Finance program?

Yes. International students can enroll in the Master of Finance program.

Can current Master of Finance students apply to the MBA program and graduate with a dual degree in MBA/Master in Finance?

Yes. Students already in the Master in Finance program may opt to apply to the MBA program, but must complete the entire MBA application process. If a student in the Master of Finance program is admitted into the MBA program, he/she must take part in all pre-MBA program activities (i.e. orientation, workshops, etc.). Prospective students interested in the MBA/Master of Finance are highly recommended to apply to the MBA program first, then apply to the Master of Finance program.

How long is the Master of Finance program?

The full-time Master of Finance program can be completed in as little as 9 months. Most students complete the degree in 16 months. International students who require student (F-1) visas should plan on completing the program in no more than 16 months. International and domestic students who participate in the Global Equity Fund as part of their degree completion should plan to complete the degree in 20 months. Students who are not attending the Smith School on a visa may take as long as five years.

What degree will my diploma list?

Each school calls various degree programs differently, even if they have a commonly used name. At the University of Maryland, graduates of the Master of Finance program will have "Master of Finance" listed on their diploma.