FAQs
Frequently Asked Questions
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 are available via the link to the left of this page or at http://graduate.ua.edu/applicants.html.
How long does the application process take?
Once all application materials have been received, a decision is usually made within three to six weeks.
How many students are typically admitted to the program?
15-25 students are usually admitted each year.
What is the profile of the typical student in the program?
The average scores for the 2006 class were GMAT 657 and GPA 3.6.
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.
Who teaches the courses in the MSF program?
Faculty profiles can be found online at http://cba.ua.edu/finance/faculty/php
What types of jobs are available after graduation from the program?
An MSF degree from the University of Alabama opens doors to many positions within financial institutions as well as corporations. These positions are in areas such as
- Risk management
- Derivative trading
- Commercial banking
- Investment banking
- Asset management
- Equity and fixed income
- Sales and trading
- Mergers & acquisitions
- Financial consulting
- Corporate finance
- Portfolio management
- Government agencies
What are other graduate degrees in finance offered at the University of Alabama?
The university also offers a Ph.D. in Finance.
What fields of research are affiliated with this program?
In addition to the core program courses, there are three fields of concentration available:
- Financial Policy
- Financial Risk Management
- Real Estate
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.