M.B.A. in Business Administration
The Stevens MBA program offers various formats to cater to diverse student needs, inclu...
M.S. in Finance
Hoboken, New Jersey
INTAKE: Jan & Sept
Program Overview
The M.S. in Finance is a 36-credit degree program, typically completed within 18-24 months for full-time students, though it is also designed for working professionals looking to advance their careers. The curriculum comprises 12 courses, with a minimum GPA of 3.0 required for graduation. The program focuses on providing a strong understanding of economic principles, financial markets, and the application of financial technologies for analysis and management. It also offers specialized concentrations, allowing students to tailor their studies to specific career interests within the vast financial landscape.
STEM-designated: Yes, the Stevens Institute of Technology M.S. in Finance (MFin) program is STEM-designated. This is a significant advantage, particularly for international students. The STEM designation makes them eligible for a 24-month extension of their Optional Practical Training (OPT) in the United States, allowing for a total of up to three years of valuable post-graduation work experience. This designation underscores the program's strong quantitative, analytical, and technological focus, which is increasingly vital in the modern finance industry.
Curriculum: The 36-credit MFin curriculum is structured to provide a rigorous and comprehensive education. Core courses cover foundational topics such as Financial Statement Analysis, Corporate Finance, Investment Management, Fixed Income, Derivatives, Managerial Economics, and Financial Econometrics. Students also gain practical skills in programming languages like Python and R for financial applications. The program offers several concentrations, allowing for specialization. These include Investment Banking and Valuation (aligned with CFA Level 1), Financial Analytics and Risk (aligned with the GARP Financial Risk Manager exam), and Wealth Management (aligned with CFP Board certification). Elective courses provide further depth in areas like Private Equity and Venture Capital, Sustainable Finance, Mergers and Acquisitions, and International Finance.
Research Focus: The M.S. in Finance program at Stevens integrates an applied research focus, particularly in how financial technologies and data analytics are transforming the industry. While it's not a pure research degree, the curriculum encourages students to apply common financial technologies for analysis, forecasting, and management. Faculty members are actively researching AI applications in quantitative finance, fraud detection, and high-frequency trading, and students have opportunities to learn from these insights. The program emphasizes "meta-learning" through courses that foster research abilities and communication prowess, enabling students to break down complex issues quickly and create data-driven solutions. The capstone experience also allows students to apply their knowledge to real-world scenarios, which often involves research and analysis.
Industry Engagement: Stevens Institute of Technology places a very high priority on industry engagement for its M.S. in Finance program, largely due to its strategic location. Situated just minutes from Wall Street and the financial district of New York City, the program provides unparalleled access to industry leaders, networking events, and real-world finance experiences. The curriculum is shaped by current industry demands and faculty often have strong ties to leading financial institutions. The program boasts significant recognition from professional organizations like the CFA Institute (University Affiliation Program), the CFP Board, and GARP, ensuring its curriculum aligns with industry standards and prepares students for professional certifications. Career services actively connect students with internships and full-time employment opportunities, with a strong employment rate of 94% within six months of graduation.
Global Perspective: Stevens Institute of Technology fosters a global perspective within its M.S. in Finance program through several key avenues. The university's diverse student body, attracting individuals from around the world, enriches classroom discussions with varied cultural insights and international business perspectives. The curriculum itself includes topics like International Finance, preparing graduates to navigate the complexities of global markets and cross-border financial transactions. Furthermore, Stevens offers dual degree programs, such as one with SP Jain Institute of Management and Research (SPJIMR) in India, which provides students with a broad skill set combining technical expertise and digital innovation with managerial and leadership skills, offering a truly global outlook for their finance careers.
Location
Hoboken, New Jersey
Score
IELTS 6.5
Tuition Fee
USD 46048
Postgraduate Entry Requirements
Academic Qualifications: Applicants for postgraduate programs typically require a minimum academic achievement of 70% or above in their bachelor's degree.
English Language Proficiency:
- IELTS: Overall band score of 6.5 or 7.0 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 74 or higher.
- DET (Duolingo English Test): Minimum score of 110.
Stevens Institute of Technology offers a variety of scholarships specifically designed to support international students, helping to make a world-class education more affordable and accessible. These scholarships recognize academic excellence, leadership potential, and contributions to the campus community.
Merit-Based Scholarships: Stevens provides competitive merit scholarships for international undergraduate and graduate students based on academic performance, standardized test scores, and other achievements. These awards can significantly reduce tuition costs and are automatically considered during the admissions process for many programs.
Need-Based Financial Aid: While limited, some need-based aid options are available to international students. Applicants are encouraged to provide detailed financial information to be considered for such assistance.
Graduate Fellowships and Assistantships: International graduate students may be eligible for fellowships, research assistantships, or teaching assistantships, which offer tuition waivers and stipends. These opportunities not only provide financial support but also valuable hands-on experience in research and academic work.
Special Scholarships: Stevens occasionally offers specialized scholarships targeting students from certain countries, underrepresented fields, or those pursuing specific disciplines like engineering, business, or cybersecurity. Prospective students should check the official Stevens website or contact the admissions office for current scholarship opportunities.
A Master of Science (M.S.) in Finance (MFin) from Stevens Institute of Technology, located in Hoboken, New Jersey, is a STEM-designated program that uniquely positions graduates for success in the technology-driven financial sector.
Investment Banking Analyst/Associate: Graduates can pursue careers in investment banking, assisting companies with mergers and acquisitions, capital raising (IPOs, debt issuance), and other corporate finance activities, leveraging their strong understanding of corporate finance and valuation.
Financial Analyst: This broad role involves analyzing financial data, performing valuations, creating financial models, and providing insights to support investment decisions for various entities, including corporations, investment funds, and consulting firms.
Portfolio Manager/Analyst: Specializing in investment management, graduates assist in or directly manage investment portfolios for individuals or institutions. They apply their knowledge of investment management, fixed income, and derivatives to optimize returns and manage risk.
Risk Manager/Analyst: With a strong focus on financial analytics and risk management, graduates identify, assess, and mitigate various financial risks (market, credit, operational) within banks, insurance companies, and other financial institutions. This often involves quantitative modeling and regulatory compliance.
Wealth Manager/Financial Advisor: For those interested in client-facing roles, particularly with a Wealth Management concentration, graduates advise individuals and families on financial planning, investments, retirement, and estate planning, helping them achieve their financial goals.
FinTech Specialist/Analyst: Leveraging the program's emphasis on financial technologies, graduates can work in the burgeoning FinTech sector, contributing to the development and implementation of innovative financial products, digital payment systems, blockchain solutions, or automated wealth management platforms.
Corporate Finance Manager: Within non-financial corporations, graduates manage the financial operations of the company, including financial planning, budgeting, capital structure decisions, and investment appraisal, ensuring the organization's financial health.
Treasury Analyst/Manager: These professionals manage a company's liquidity, cash flow, and financial risk. They oversee cash management, foreign exchange, and debt management, playing a crucial role in corporate finance.
Financial Data Analyst: Utilizing skills in financial econometrics and data analysis, graduates collect, process, and analyze financial data to uncover trends, build predictive models, and support decision-making, often using programming languages like Python and R.
Financial Technology Consultant: Graduates can advise financial institutions on leveraging new technologies to improve efficiency, security, and customer experience. This role combines financial expertise with a strong understanding of technological trends and implementation strategies.
