Introduction
The Master of Science in Finance program at the University of Texas at Austin is an intensive and challenging 10-month program designed to equip students with the skills and knowledge needed to succeed in the fast-paced world of finance. The program covers a wide range of topics, including financial analysis, investments, risk management, and financial modeling. Students also have the opportunity to specialize in areas such as energy finance, real estate finance, and quantitative finance, allowing them to tailor their education to their career goals.
| Tuition Fees | $53,000 |
| Program Length | 10 Months |
| Program deadline | Mar 6, 2024 May 1, 2024 |
| Application Fees | $90 |
McCombs MFin Class Profile
The McCombs MFin attracts a diverse group of students from around the world creating a interesting class stats.. The average age of the class is 24, and students come from various academic backgrounds, including finance, accounting, economics, engineering, and mathematics. The class size is around 80 students per cohort, providing a small and intimate learning environment that fosters close connections between students and faculty.
The program values diversity and inclusivity and aims to create a collaborative and supportive community. McCombs MFin is a rigorous and challenging program that prepares students for a successful career in finance, and the program's alumni network is extensive and supportive.
| Class Size | 59 |
| Average GRE | 314 |
| Average GMAT | 644 |
| Women Diversity | 36% |
| Underepresented Minorities | 14% |
| International Students | 24% non-texas Students |
| Application Fees | $90 |
Acceptance Rate
The acceptance rate for the McCombs MFin is 35%, it is typically competitive, as the program attracts a large number of applicants from around the world.
Program and Curriculum .jpg)
The Texas MS Finance program is designed to let students complete the 36 credit hour degree in just 10 months. The MS Finance curriculum is lockstep through the Summer and Fall semesters. Several electives are introduced in the Spring semester that allows students to select a specialized curriculum path. With approval from the Program Director, the opportunity to take up to six credit hours outside of your program offerings is possible on an as-available basis.
Core Courses
The core courses offered in the Master of Finance (MFin) program at the University of Texas at Austin are designed to provide students with a comprehensive understanding of key concepts and principles in finance.
| Course | Description |
|---|---|
| Financial Management | Focuses on principles and techniques for effective financial decision-making within organizations, including topics such as capital budgeting, financial analysis, and risk management. |
| Valuation | Explores methods for determining the value of assets, securities, and companies, including discounted cash flow analysis, comparable company analysis, and relative valuation. |
| Financial Accounting | Covers the preparation, presentation, and interpretation of financial statements, with an emphasis on principles such as revenue recognition, asset valuation, and financial reporting standards. |
| Statistics for Financial Applications | Introduces statistical techniques and tools relevant to financial analysis and decision-making, including probability theory, hypothesis testing, regression analysis, and time series analysis. |
| Advanced Valuation and Modeling | Builds upon valuation principles to develop advanced modeling skills, including financial modeling, scenario analysis, sensitivity analysis, and Monte Carlo simulation. |
| Investment Theory and Practice | Examines theories and strategies related to investment decision-making, portfolio management, asset allocation, and risk management in financial markets. |
| Advanced Corporate Finance | Explores advanced topics in corporate finance, such as capital structure, dividend policy, mergers and acquisitions, and corporate governance. |
| Managerial Economics | Applies economic theory to analyze business decisions and strategies, including topics such as demand analysis, cost analysis, pricing strategies, and market structure. |
| Intermediate Accounting | Focuses on intermediate-level concepts and principles in financial accounting, including accounting for assets, liabilities, equity, and income statement items. |
| Portfolio Management | Examines portfolio theory and practices for constructing and managing investment portfolios, including asset allocation strategies, risk management techniques, and performance evaluation. |
| Financial Statement & Security Analysis | Provides skills and techniques for analyzing financial statements and securities, including fundamental analysis, ratio analysis, credit analysis, and equity research. |
Electives
The Master of Finance (MFin) program at the University of Texas at Austin offers a wide range of elective courses that allow students to tailor their education to align with their career goals and interests within the finance field. These elective courses provide opportunities for students to deepen their knowledge, specialize in specific areas, and develop expertise in niche areas of finance.
| Course | Description |
|---|---|
| Financial Strategies | Explores various strategies and techniques used in financial management, including capital structure optimization, financial planning, mergers and acquisitions, and risk management. |
| Energy Technologies | Examines emerging technologies in the energy sector, including renewable energy sources, energy storage systems, smart grids, and energy efficiency technologies. |
| Financial Risk Management | Focuses on identifying, assessing, and managing financial risks faced by organizations, including market risk, credit risk, liquidity risk, and operational risk. |
| Quantitative Trading Strategies | Introduces quantitative methods and algorithms used in designing and implementing trading strategies in financial markets, including statistical arbitrage, algorithmic trading, and machine learning techniques. |
| Valuation of Energy Investments | Focuses on the valuation techniques specific to energy investments, including oil and gas reserves valuation, renewable energy project valuation, and risk-adjusted discounting methods. |
| Computational Finance | Integrates computer science and finance principles to analyze and model financial markets, including topics such as numerical methods, algorithmic trading, high-frequency trading, and financial modeling. |
| Advanced Accounting | Covers advanced topics in accounting, including financial statement analysis, international accounting standards, complex financial instruments, and accounting for mergers and acquisitions. |
Specialization
The Master of Finance (MFin) program at the University of Texas at Austin recognizes the diverse interests and career aspirations of its students. To cater to these varied needs, the program offers a range of specialization options that allow students to focus their studies on specific areas within the field of finance.
| Course | Description |
|---|---|
| Energy Finance | Focuses on financial management within the energy sector, covering topics such as project finance for energy projects, energy trading, risk management in energy markets, and renewable energy financing. |
| Corporate Finance | Explores financial decision-making within corporations, including capital budgeting, capital structure, dividend policy, working capital management, and corporate governance. |
| Consulting | Introduces consulting principles and practices, including problem-solving methodologies, client communication, data analysis, project management, and industry-specific consulting approaches. |
| Asset Management | Focuses on managing investment portfolios on behalf of clients or institutions, including portfolio construction, asset allocation, security selection, risk management, and performance evaluation. |
| Investment Banking | Examines the role of investment banks in financial markets, covering services such as mergers and acquisitions, underwriting, corporate finance advisory, debt and equity capital markets, and financial restructuring. |
Scholarships
The University of Texas at Austin offers a range of scholarships to support students pursuing a Master of Science in Finance (MS Finance) degree. These MFin scholarships serve as a testament to UT Austin's commitment to fostering academic excellence and ensuring that qualified students have access to quality education regardless of financial barriers.
- Odell Fletcher Endowed Presidential Scholarship
- Academic Improvement Scholarship
- Blum Family and W. Grant Martin Family Endowed Scholarship
- Blum Family and W. Grant Martin Family Endowed Scholarship (LASSO)
- Adele Lorusso Memorial Scholarship Fund
McCombs MFin Eligibility and Requirements
In addition to learning the skills, you will need to thrive in careers in finance, analytics, marketing, or information technology, the Texas McCombs Master of Science degrees will help prepare you for the step from graduate school into a career.
Eligibility
- Online Application
- Quantitative Experience Statement
- Contact details of two referees (one of which must be academic)
- Full transcripts of your degree-level studies to date
- GMAT or GRE results (recommended but not compulsory)
- Personal statement
- Up-to-date CV.
- English language test results
Deadlines
The McCombs MFin program has several deadlines throughout the application cycle for prospective students. These deadlines are designed to help the admissions committee manage the application process efficiently and give applicants sufficient time to prepare and submit their materials.
The McCombs MFin program has three rounds of application deadlines for the fall semester. The first round typically falls in early October, the second in early December, and the third in early February. It's important to note that the admissions committee reviews applications on a rolling basis, so applicants are encouraged to apply as early as possible.
| Rounds | Deadlines |
| Round 1 | March 6, 2024 |
| Round 2 | May 1, 2024 |
Employment And Placement
The McCombs MFin provides students with the knowledge and skills necessary to succeed in a variety of finance-related careers. The program offers a comprehensive curriculum that covers topics such as financial analysis, portfolio management, corporate finance, and financial modeling.
Employment opportunities for graduates of the McCombs MFin program are diverse and include positions in investment banking, asset management, corporate finance, risk management, and consulting. Some of the top employers of UT Austin MS Finance graduates include Goldman Sachs, J.P. Morgan, Morgan Stanley, Deloitte, and PwC.
| Average Salary | The McCombs MFin program consistently delivers graduates who command competitive salaries in the finance industry. Recent data reveals that the average MFin salary for UT Austin MFin graduates stands impressively at $80,000. |
| Employment Report | As per MSF Class of 2022 Employment Report, McCombs MFin program delivers exceptional employment outcomes, with graduates commanding competitive salaries across diverse sectors. Recent data showcases average salaries of $81,000 in finance, $88,000 in consulting, $63,000 in accounting, and $75,000 in other fields |
Top Sectors Hiring from McCombs MFin
The Master of Science in Finance (MSF) program at the University of Texas at Austin prepares students for a MFin jobs. Graduates of the program have found success in a variety of sectors, with some of the top hiring sectors including investment banking, private equity, consulting, and asset management. Investment banks such as Goldman Sachs, J.P. Morgan, and Morgan Stanley regularly recruit MSF graduates for their analyst programs.
| Consulting | Finance |
| Deloitte | BNB Paribas |
| McKinsey & Co. | Ernst & Young |
| PricewaterhouseCoopers | Morgan Stanley |
| Bain & Co. | Goldman Sachs |
Alumni Info
The Master of Science in Finance program at the University of Texas at Austin has a strong alumni network that provides valuable connections and resources for current students and recent graduates.
The program's alumni network includes graduates working in a variety of fields and companies around the world, from large financial institutions to smaller boutique firms. Many alumni hold leadership positions in their organizations and are highly regarded in the finance industry.
The McCombs School of Business hosts numerous events and activities throughout the year that allow students to connect with alumni and learn from their experiences. These events include guest speaker sessions, networking events, and alumni panels, providing students with valuable insights into the finance industry and the job search process.
Some Famous Alumni at McCombs MFin
- John Mackey: Co-founder and CEO of Whole Foods Market
- Mary Erdoes: CEO of J.P. Morgan Asset Management
- David Bonderman: Co-founder of TPG Capital
- John Chidsey: CEO of Subway
- Mark Cuban: Entrepreneur and owner of the Dallas Mavericks
- Tom Horton: Former CEO of American Airlines
Application Essay
Q: In the career planning questions you will need to show you have thought about the type of employer you want to work for immediately after graduating and have researched your target organization (s) and role.
Q: You will also need to demonstrate you have the necessary skills and experience to succeed in your chosen role.
Q: If planning to set up your own business, you will need to outline what expertise or product your business will deliver and that you have researched the market.
Q: Whilst we want our students to hit the ground running, we understand that you will also be looking to develop gaps in your skillset to prepare for your chosen career and you will need to address this in the career planning questions.
Letter of Recommendation
Letters of recommendation are an important part of the application process for the Master of Science in Finance program at the University of Texas at Austin.
The program requires two letters of recommendation from individuals who can attest to the applicant's academic abilities, leadership potential, and overall fit for the program. Ideally, these letters should come from individuals who have worked closely with the applicant in an academic or professional setting, such as a professor, supervisor, or mentor.
When selecting individuals to write letters of recommendation, it is important to choose individuals who know the applicant well and can provide specific examples of their accomplishments, strengths, and potential. It is also important to give recommenders plenty of notice and provide them with any materials or information they may need to write a strong letter, such as the applicant's resume or transcript.
Interview Questions
These questions are designed to help admissions committees gain a better understanding of the applicant's motivations, experiences, and potential for success in the MS Finance program and the finance industry as whole.
Q: What motivated you to pursue a career in finance, and how has your background prepared you for this field?
Q: What specific skills or experiences do you hope to gain from the MS Finance program, and how do you plan to apply them in your future career?
Q: How have you demonstrated leadership in your past academic or professional experiences, and how do you plan to continue developing these skills?
Q: Can you describe a difficult problem or challenge you faced and how you overcame it?
Q: How do you stay up-to-date on industry trends and developments, and how do you plan to continue learning and growing in the finance field?
Q: How do you approach teamwork and collaboration, and can you describe a successful team project you worked on in the past?
Q: What sets you apart from other applicants to the MS Finance program, and how will you contribute to the program's community and culture?
Q: Can you describe a time when you had to make a difficult ethical decision, and how did you approach the situation?
Q: How do you manage your time and prioritize tasks, and how will these skills help you succeed in the MS Finance program?
Q: What are your long-term career goals, and how do you see the MS Finance program helping you achieve them?
What Makes McCombs MFin MFin Unique
Is MFin worth it? There are several factors that make the Master of Science in Finance program at the University of Texas at Austin unique compared to other MS Finance programs:
Top-ranked program: The UT Austin MS Finance program consistently ranks as one of the top finance programs in the United States. In fact, the program is currently ranked #2 in the country by U.S. News & World Report.
World-class faculty: The program's faculty are experts in a wide range of finance topics, including investments, corporate finance, and financial institutions. They bring a wealth of real-world experience to the classroom, having worked in areas such as investment banking, asset management, and financial consulting.
Comprehensive curriculum: The UT Austin MS Finance program offers a rigorous curriculum that covers a wide range of finance topics, including financial modeling, valuation, risk management, and asset pricing. Students are also required to take courses in business ethics, leadership, and communication to help prepare them for leadership roles in the finance industry.
Strong alumni network: The program has a large and active alumni network, with graduates working in top finance firms around the world. This network provides students with valuable networking opportunities and access to job and internship opportunities.
Location: UT Austin is located in the heart of Austin, Texas, a vibrant and growing city with a thriving tech and finance industry. This location provides students with unique opportunities to connect with local businesses and organizations, and to gain hands-on experience through internships and other experiential learning opportunities.
Overall, the UT Austin MS Finance program offers a comprehensive, top-ranked finance education that is uniquely positioned to prepare students for successful careers in the finance industry.
Conclusion
The McCombs MFin is an outstanding program that stands out for its comprehensive curriculum, world-class faculty, strong alumni network, and location in a thriving city. The program consistently ranks among the top finance programs in the United States, and its faculty bring a wealth of real-world experience to the classroom.
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