FAQs
What exactly is the Master of Science in Finance?
The Master of Science in Finance degree is a specialized graduate degree concentrating in the analysis and valuation of financial assets, portfolio management, the role of financial intermediaries, the analysis of financial markets, and the behavior of corporations. Unlike a Master of Arts degree, the MSF degree possesses a strong quantitative component.
What are the prerequisites for the MSF program?
Before commencing the program, the student is advised to have completed the equivalent of undergraduate courses in accounting, statistics, calculus, economics, and finance. Any deficiencies should be made up by taking courses during the summer before entering the master's program.
What preparations should I make before entering the MSF program?
The MSF program at the University of Alabama is extremely quantitative. Therefore, a strong quantitative background in statistics and calculus is highly recommended.
How do I apply to the MSF program?
Application instructions can be found on the Application page for this website.
How long does the application process take?
Once all application materials have been received, a decision is usually made within three to six weeks.
Is an undergraduate degree in finance or related fields necessary to be successful in the program?
Absolutely not! Although an undergraduate degree in finance may help in understanding some concepts, any quantitative-oriented undergraduate coursework and a sincere interest in finance will allow you to be successful in the MSF program. Former students have had undergraduate degrees in areas ranging from physics to legal studies.
Is work experience necessary to be considered for admission to the program?
Work experience is not required for admission.
Can the GMAT be waived or substituted by the GRE, prior graduate coursework, or work experience?
The GMAT cannot be waived, but may be substituted by the GRE. The GMAT cannot be substituted by prior graduate coursework or work experience.
What is the school code for sending in test scores?
Test scores should be submitted using the school code 1830.
Is there a minimum TOEFL or IELTS score for international students?
Yes. TOEFL Internet-based: 79 Computer-based: 213
Paper-based: 550 IELTS: 6.5
For further information please see the international student admissions section of the admissions criteria page.
Can I send in copies of my transcipt and/or test scores?
No. Only official transcripts and test scores are accepted.
How many letters of recommendation are required?
Three.
Who teaches the courses in the MSF program?
Faculty profiles can be found online at http://cba.ua.edu/finance/faculty.
What are other graduate degrees in finance offered at the University of Alabama?
The university also offers a Ph.D. in Finance.
Does the MSF program offer night classes or online classes?
The MSF program’s courses are typically offered only during the day. Online courses are not available.
Can I work a job while pursuing the MSF degree?
Because the MSF program is extremely rigorous, it is not recommended that students have employment while pursuing the degree. However, various graduate assistantships and on-campus employment are available.
Do I have to begin the program in the fall
No. Students may commence the program in the spring or summer semesters.
Can the degree be completed part-time or over two years?
Yes, but the success rate of students who have attempted a part-time track is virtually zero.
What is the average GMAT score for students in the MSF Program? The average score accepted is 660, and applicants are rarely accepted with GMAT scores below 620.
Are there any scholarship opportunities in the MSF Program? Every applicant is considered for a variety of aid packages. Unfortunately, scholarships are rare and go to exceptional applicants.