Master of Science in Finance

The Master of Science in Finance develops quantitative and analytical skills demanded in today's competitive marketplace. The STEM-oriented curriculum integrates modeling, analytics, information technology, and quantitative methods into all of the finance courses. Students are able to personalize the curriculum by choosing course "clusters" that match their learning needs and areas of interest. Sample course clusters include:

  • Corporate Finance
  • Fintech
  • Investment & Portfolio Management
  • Wealth Management
  • International Finance
  • Financial Analytics
  • Psychology of Financial Markets
  • Sustainable Finance
  • Real Estate Investments

To obtain detailed program admission information, please reference the program brochure which can be requested by contacting the Office of Recruiting and Admissions at 305-284-2510 or by visiting the Miami Herbert Business School website.

Admission Requirements

Requirements for Admission

  • Completed application for admission submitted through BusinessCAS
  • A baccalaureate degree from an accredited institution
    • Official academic transcripts from all previously attended post-secondary institutions must be submitted directly to BusinessCAS.
    • International applicants must have their educational credentials from institutions outside of the United States verified by an approved international credentialing evaluation service such as World Education Services to confirm degree equivalency and GPA calculation.
  • Statement of purpose and short-essay responses to the career goal and program-related questions in BusinessCAS
  • A current resume
  • At least one letter of recommendation (up to three allowed) may be submitted through the BusinessCAS portal by including recommender contacts within the Program Materials section of the application.
  • Official GMAT (or GRE) score to be sent directly to the University of Miami Herbert Business School by using the relevant code below.
    • GMAT Institution Code is 7NV-S1-00
    • GRE institution Code is 5815
  • An official TOEFL or IELTS score is required as proof of English proficiency for international  applicants who did not receive a degree in the United States or a foreign country where English is the primary language. The following minimum score is required for admission to a graduate business degree program.
    • TOEFL - 94 or above (iBT only)
    • IELTS - 7.0 or above

If you do not yet have a GMAT or GRE score or TOEFL or IELTS score (international candidates only), you may complete and submit your application prior to taking the exam by indicating your approximate date within the Standardized Tests tab in the Academic History section. Select “Add Test Score” by the relevant test, then indicate that you have not yet taken the exam and add your estimated test date in the section provided.

We encourage candidates to upload unofficial transcripts and test scores (if required) with their BusinessCAS application in order to expedite the review of their file while official documents are processed.

QUESTIONS?

Connect with Miami Herbert Business School’s graduate enrollment advisors at (305) 284-2510, by email at mba@miami.edu, or visit the Miami Herbert Business School website.

Curriculum Requirements

The curriculum defines a common core of required courses (14 credits) and allows the selection of elective courses (20 credits). A minimum of 12 elective credits out of the 20 total elective credits must be Finance (FIN) courses. A minimum of 24 STEM credits (12 required and 12 elective) out of the 34 total program credits is required for graduation. 

One semester of part-time (10-20 hours per week) practical training and concurrent enrollment in FIN 695 is mandatory for the Master of Science in Finance degree. Practical training is defined as "alternative work/study, internship, cooperative education, or any other type of required internship or practicum that is offered by sponsoring employers through cooperative agreements with the school." The practical training and concurrent enrollment in FIN 695 must be approved in advance by the faculty director. International students in F-1 status are required to obtain authorization for Curricular Practical Training (CPT) from the Department of International Student and Scholar Services (ISSS) prior to engaging in off-campus employment.

Regular MSF Track

Required STEM Core Courses12
Quantitative and Analytical Fundamentals for Finance
Financial Investment
Corporate Finance
Financial Modeling
Finance Internship 1
Other Required Core Courses2
Communicating for Career Success
Electives20
Finance STEM Electives
Nobel Prize Winning Ideas in Financial Economics Current Topics
Quantitative Finance and Market Microstructure
Real Estate Investment and Appraisal
Real Estate Finance
Real Estate Market Analysis
Introduction to ARGUS
Advanced ARGUS
Advanced Topics in Investments
Fixed Income Securities
Alternative Investments
Impact Investing
Smif Fund Analyst I
Sector Head for Student Managed Investment Fund
Smif Fund Portfolio Manager I
Chief Investment Officer
International Finance
Advanced Topics in International Finance
Chinese Financial Markets
Latin American Financial Markets
Wealth Management and Financial Planning
Strategic Asset Management
Advanced Topics in Corporate Finance
Sustainable Finance
Financial Analysis of Mergers and Acquisitions
Private Equity and Venture Capital
FinTech
Financial Institutions
Advanced Financial Modeling
Mathematics of Financial Derivatives
Psychology of Financial Markets and Financial Decision Making
Advanced Mathematical Finance
Applied Numerical Methods in Finance
Risk Management Insurance
Selected Topics in Finance
Other STEM Electives
Managerial Decisions in a Global Economy
Global Economics
Programming for Data Analytics
Applied Regression Analysis I
Applied Time Series Analysis and Forecasting
Introduction to Mathematical Finance
Stochastic Calculus with Application to Finance
Computational Methods of Finance
Other Electives
Introduction to Accounting Analytics
Financial Reporting and Analysis
Advanced Financial Analysis
The Public Corporation: Legal Perspectives
Real Estate Law
High Performance Leadership
Graduate Business Career Connect Course
Urban Redevelopment
Total Credit Hours34

The Professional MSF Track 

The Professional MSF Track does not require the one semester internship, FIN 695.  In lieu of FIN 695, the Professional  track requires FIN 696: Finance Capstone Project or an approved professional practice or research-based course. Students  may opt into the Professional MSF track should they have extensive professional work experience within the finance field, or an interest in a research-intensive course with doctoral degree aspirations or students who require a culminating academic experience that facilitates students to think critically to solve a finance-related issue. 

Required STEM Core Courses12
Quantitative and Analytical Fundamentals for Finance
Financial Investment
Corporate Finance
Financial Modeling
Finance Capstone Project (or an Approved Professional Practice Course or Research-Based Course)
Other Required Core Courses2
Communicating for Career Success
Electives20
Finance STEM Electives
Nobel Prize Winning Ideas in Financial Economics Current Topics
Quantitative Finance and Market Microstructure
Real Estate Investment and Appraisal
Real Estate Finance
Real Estate Market Analysis
Introduction to ARGUS
Advanced ARGUS
Advanced Topics in Investments
Fixed Income Securities
Alternative Investments
Impact Investing
Smif Fund Analyst I
Sector Head for Student Managed Investment Fund
Smif Fund Portfolio Manager I
Chief Investment Officer
International Finance
Advanced Topics in International Finance
Chinese Financial Markets
Latin American Financial Markets
Wealth Management and Financial Planning
Strategic Asset Management
Advanced Topics in Corporate Finance
Sustainable Finance
Financial Analysis of Mergers and Acquisitions
Private Equity and Venture Capital
FinTech
Financial Institutions
Advanced Financial Modeling
Mathematics of Financial Derivatives
Psychology of Financial Markets and Financial Decision Making
Advanced Mathematical Finance
Applied Numerical Methods in Finance
Risk Management Insurance
Selected Topics in Finance
Other STEM Electives
Managerial Decisions in a Global Economy
Global Economics
Programming for Data Analytics
Applied Regression Analysis I
Applied Time Series Analysis and Forecasting
Introduction to Mathematical Finance
Stochastic Calculus with Application to Finance
Computational Methods of Finance
Other Electives
Introduction to Accounting Analytics
Financial Reporting and Analysis
Advanced Financial Analysis
The Public Corporation: Legal Perspectives
Real Estate Law
High Performance Leadership
Urban Redevelopment
Total Credit Hours34

Plan of Study

Regular MSF Track

Plan of Study Grid
Year One
FallCredit Hours
FIN 635 Quantitative and Analytical Fundamentals for Finance 4
BUS 610 Communicating for Career Success 2
FIN 650 Financial Investment 2
FIN 670 Corporate Finance 2
FIN 683 Financial Modeling 2
Electives 8
 Credit Hours20
Spring
FIN 695 Finance Internship 2
Electives 12
 Credit Hours14
 Total Credit Hours34

Plan of Study

Professional MSF Track

Plan of Study Grid
Year One
FallCredit Hours
FIN 635 Quantitative and Analytical Fundamentals for Finance 4
BUS 610 Communicating for Career Success 2
FIN 650 Financial Investment 2
FIN 670 Corporate Finance 2
FIN 683 Financial Modeling 2
Electives 8
 Credit Hours20
Spring
FIN 696 Finance Capstone Project 2
Electives 12
 Credit Hours14
 Total Credit Hours34

Student Learning Outcomes

  • Students will acquire the ability to apply appropriate analytical and quantitative models to a wide assortment of decisions encountered by finance professionals.
  • Students will acquire the ability to write effectively in order to excel as a professional in the field of finance.
  • Students will apply the financial concepts and quantitative and analytical techniques important to their chosen field of specialty, as defined by their Finance Internship (FIN 695) or Finance Capstone Project (FIN 696), in the solution of real-world problems.