
Master of Finance
Program Details
Degree
Master of ScienceSchool
School of BusinessDepartment
School of Business Graduate ProgramAvailable
On campusTraditional finance jobs are disappearing as digital currencies, automated investing, mobile banking, and high-frequency trading require leaders to bring a new set of technology skills to decision-making.
Program Highlights
Mastering In-Demand Skills: The Stevens School of Business master’s finance degree is designed with an ever-evolving, leading-edge curriculum that equips students with the skills and knowledge sought after by top employers in the finance industry. The program's real-world relevance ensures graduates are job-ready from day one. Stevens alumni have built a solid foundation of excellence that future graduates are prepared to build on.
Wall Street Tools: Students gain hands-on experience with the latest technologies used by Wall Street firms and global financial institutions, providing them with a competitive edge in the job market. The program's emphasis on practical application ensures seamless integration into dynamic finance roles.
Unparalleled Industry Insights: Diverse and knowledgeable faculty with extensive industry experience brings unique perspectives and insights to the classroom. Students gain a comprehensive understanding of the complexities across financial disciplines that prepare them for success in a globalized financial landscape.
Powerful Professional Networks: Finance faculty members maintain close ties with the industry, enabling them to connect students with valuable professional networks and discover opportunities that align with their individual interests and career aspirations. This personalized approach helps ensure a smooth transition from academia to the finance industry.
The Heart of Global Finance: Stevens' proximity to New York City, the world's financial capital, provides students with unique unparalleled access to industry leaders, networking events and real-world finance experiences. Our strategic location offers a competitive advantage for students seeking to launch successful careers in the heart of global finance.
GMAT/GRE test scores are optional for all master’s programs. Applicants who think that their test scores reflect their potential for success in graduate school may submit scores for consideration.
A Finance Degree for Today's Tech-Driven World
The STEM-designated* master in Finance reflects the unique blend of technology, analytics and data skills required of professionals in this field, to confront the challenges of today and to better understand the business opportunities of tomorrow.
As a result of this careful curricular design, several important organizations — the CFP Board, CFA Institute and the Global Association of Risk Professionals — have recognized the Stevens master’s in Finance as providing unique value to students who complete these programs.
In addition to its curricular design, the Master in Finance remains relevant through its Hoboken location, putting the campus a 10-minute train or ferry ride from Wall Street.
*A STEM-designated program allows students from outside of the U.S. to be eligible for a 24-month extension of their Optional Practical Training (OPT).
Artificial Intelligence in Finance
Artificial Intelligence is revolutionizing the finance industry, enhancing risk management, trading automation, fraud detection and financial forecasting. AI-powered algorithms process massive datasets in real-time, enabling firms to make faster, more accurate investment decisions while reducing human error. Machine learning is reshaping credit scoring, portfolio management and algorithmic trading, giving financial professionals a data-driven competitive edge.
At Stevens Institute of Technology, we are leading the way in AI-driven finance, integrating machine learning, data analytics and financial technology into our STEM-designated Finance program. Our faculty are actively researching AI applications in quantitative finance, fraud detection and high-frequency trading, ensuring students gain hands-on experience with the latest financial innovations. Learn more about our research at the Hanlon Financial Systems Center.
Finance Careers
The master's in Finance develops in-demand knowledge and skills to put you on track for career success in a variety of roles like:
Controller
Data Analyst
Derivatives Analyst
Equity Product Support
Financial Analyst
Financial Executive
Index Development Analyst
Internal Auditor
Risk Management Analyst
Treasury Analyst
Organizations hiring Finance graduates include companies such as: Alphabet, Amazon, American Express, Bank of America, Barclays, BlackRock, Broadridge Financial Solutions, Citigroup, Costco Wholesale, CVS, Goldman Sachs, Deere & Co., Jones Lang LaSalle, JPMorgan Chase, KPMG, Morgan Stanley, Pfizer, Robinhood, UBS, UnitedHealthcare and more.
Earn a Master's in Finance Minutes from NYC
The STEM-designated Finance master’s program at Stevens prepares students for the future of finance, equipping them with in-demand technical and analytical skills. Located just minutes from Wall Street, the program provides students with unparalleled access to top financial institutions, investment banks and fintech firms. Through industry partnerships, hands-on experience with cutting-edge financial technology and networking opportunities with leading employers like Goldman Sachs, JPMorgan Chase and Morgan Stanley, students gain real-world exposure that positions them for success in the fast-paced world of global finance.
Application Deadlines
APPLICANT | FALL | SPRING | SUMMER (Domestic Applicants Only) |
---|---|---|---|
Master's Full-Time | April 15 | November 1 | May 1 |
Master's Part-Time | August 15 | January 1 | May 1 |
Graduate programs admit students on a "rolling" basis, meaning that students may still apply after the preferred deadlines.
Students requiring an F1 Visa are strongly encouraged to apply by the preferred deadlines to allow time for visa processing.
GMAT/GRE test scores are optional for all master’s programs. Applicants who think that their test scores reflect their potential for success in graduate school may submit scores for consideration.
Finance Curriculum
The Finance master's program at Stevens is available on campus or fully online.
Economics Core
MGT 506 Managerial Economics
This course introduces managers to the essence of business economics — the theories, concepts and ideas that form the economist’s tool kit. Microeconomic topics include demand and supply, elasticity, consumer choice, production, cost, profit maximization, market structure, and game theory; macroeconomic topics will be GDP, inflation, unemployment, aggregate demand, aggregate supply, and fiscal and monetary policies. In addition, basic concepts in international trade and finance will be discussed.
MGT 700 Econometrics
An introduction to the science of designing statistical models of economic processes. Students will be required to build and estimate a number of models during the term. Topics include regression theory, statistical difficulties in regression analysis, advanced topics in single-equation regression, models of qualitative choice and simultaneous equation estimation. Prerequisites: MGT 503
Finance Core
FIN 629 Fixed Income Analysis
This course addresses money flows and the cost of credit for major money market institutions, including banks, bank holding companies and the “shadow banking” system. It entails a broad survey of the structure and financial condition of the banking industry. The course provides a theoretical and practical understanding of why these markets exist and who the key players are, how the markets work, the rules governing their operation, and how they are evolving. We will spend considerable time in discussing regulation of the financial markets and financial services industry.
FIN 627 Investment Management
This course takes a practical approach to managing investments. It covers a wide variety of investment vehicles, from pure equity and debt offerings to complex derivatives and options. Various investment strategies are presented which are focused on the different fundamental approaches and tactics used by leading investors to achieve their financial goals. The course also focuses on investment styles, including momentum, growth, income, distressed, asset allocation and vulture investing. Students participate in real-time simulation experiences to create viable portfolios of stocks, bonds and other investments, tracking their performance against the overall market and the class on a weekly basis.
FIN 638 Corporate Finance
This course serves as a second semester sequence in corporate finance. Among the topics covered are: leverage on the balance sheet and weighted average cost of capital; bankruptcy, turnarounds, and recapitalizations; international currency hedging; stock options; private equity valuation; mergers and acquisitions; and the issuance of public and private securities.
FIN 510 Financial Statement Analysis
This course deals with interpretation of financial statements, evaluation of the alignment between business strategies and financial performance, identification of potential business risks, and comparison of the performance of different companies. The course introduces business analysis and valuation techniques and uses real data to help students comprehend financial statement analysis tools.
FIN 628 Derivatives
This course covers the fundamentals of financial derivatives, including the basic properties and pricing of futures, options and swaps. It also explores trading and hedging strategies involving financial derivatives. Special topics, such as exotic options and credit derivatives, are explored. The course provides the foundation of financial derivatives and lays the ground for a rigorous risk management course and other advanced quantitative courses, such as stochastic finance.
Informational, Computational and Quantitative Core
FE 511 Introduction to Bloomberg and Thomson Reuters
The focus of this course will be on equity, futures, FX, options, swaps, CDSs, interest rate swaps and so on. As part of the course, students become Bloomberg certified. The course also covers the Thomson Reuters Tick History data.
FE 515 Introduction to R
Upon completion of this course, students will understand the programming syntax of R, and should be able to use it in future courses.
Upon completion of this course, students will understand the programming syntax of R, and should be able to use it in future courses.
FE 517 SAS for Finance
This course teaches the basics of SAS programming using financial data and applications. The course provides an introduction to programming, graphics and data analysis using SAS software. The course concentrates on fundamental components of SAS: data processing; managing SAS libraries; graphical and statistical procedures; and creating, formatting and exporting reports.
FE 520 Introduction to Python for Financial Applications
This course covers the basis syntax rules, modules, importing packages, data visualization and introduction to machine learning on Python. Upon completion of this course, students will be able to complete a simple project with Python.
Foundational Courses
Foundational courses are intended for students who do not have training or prior coursework in accounting, finance and statistics. A course in business writing and communication is also required.
FIN 500 Financial and Managerial Accounting
This course will develop accounting analysis useful for managerial decision-making purposes. Topics will include an introduction to elements of financial accounting, cost-profit-volume analysis, manufacturing costs and elements of cost accounting, special decision analysis, budgeting, variances, and controllability and responsibility accounting.
FIN 523 Financial Management
This course covers the fundamental principles of finance. The primary concepts covered include the time value of money, principles of valuation and risk. Specific applications include the valuation of debt and equity securities as well as capital budgeting analysis, financial manager’s functions, liquidity vs. profitability, financial planning, capital budgeting, management of long term funds, money and capital markets, debt and equity, management of assets, cash and accounts receivable, inventory and fixed assets.
MGT 506 Economics for Managers
This course introduces managers to the essence of business economics – the theories, concepts and ideas that form the economist’s tool kit encompassing both the microeconomic and macroeconomic environments. Microeconomic topics include demand and supply, elasticity, consumer choice, production, cost, profit maximization, market structure, and game theory while the Macroeconomic topics will be GDP, inflation, unemployment, aggregate demand, aggregate supply, fiscal and monetary policies. In addition the basic concepts in international trade and finance will be discussed.
Master of Finance Specializations
A unique feature of this degree is the ability to customize the curriculum to best suit your career interests. Students can select from the concentrations below or, if desired, select four elective courses in any areas of their choosing, such as management science, financial engineering, mathematics, statistics and computer science.
Courses - Investment Banking and Valuation
FIN 530 Investment Banking
The course provides an overview of Investment Banking both from a transactional and regulatory perspective. Students will explore the structure of global markets, players, risks, motives and opportunities that make transactions happen and study lessons learned from remarkably successful stories and spectacular failures. The instructor will provide various case studies to help students understand market dynamics, transaction complexities, governance and approvals, deal sourcing - origination, due diligence, pricing, distribution as well as regulatory compliance and supervision of investment banks.
FIN 620 Advanced Financial Econometrics
This course introduces the main concepts of data analysis and econometrics applied to financial problems. The course explores data analysis techniques; time series models; and multivariate, factor and Bayesian models, which are applied to high-frequency trading, volatility forecasting, risk management, portfolio optimization and asset pricing. Students will work with historical databases, conduct their own analysis, and test trading and investment strategies based on the techniques reviewed during the class. Prerequisite: BIA 652 or MGT 700
FIN 688 Mergers, Acquisitions and Other Corporate Restructuring
This course develops the “architecture and science” of optimal strategic decision-making by building upon the basic corporate financial theory to cases of financial policies like initial public offering, debt issuance, seasoned equity offers. This course analyzes investments decisions like merger and acquisition, and divestitures decisions like spinoffs and carve-outs. corporate bankruptcy and restructuring, and other advanced models of corporate valuation. The classes are structured to maximize the synergy between advanced topics in corporate finance theory and case-based practical applications, providing students with portable, durable and marketable tools for their careers.
FIN 626 Venture Capital and Private Equity
This course addresses the fundamentals of venture capital, which includes the venture capital industry, the structure of venture capital firms and venture capital investments. It addresses in some detail the relationship between venture risk and return, the cost of venture capital, and the valuation of high-growth companies. The course covers a variety of valuation methods as well as analysis of company capital structure.
FIN 648 International Finance
The course covers a sequence of important topics such as the fundamentals of international financial management, the financial environment in which the multinational firm and its managers must function, and foreign exchange management and financial management in a multinational firm. Since the courses specifically addresses the financial management aspect of international business, considerable attentive will be directed to specific issues of international finance such as foreign exchange markets, managing exchange rate risk and various other risk management issues.
Courses - Financial Analytics and Risk
FIN 620 Advanced Financial Econometrics
This course introduces the main concepts of data analysis and econometrics applied to financial problems. The course explores data analysis techniques; time series models; and multivariate, factor and Bayesian models, which are applied to high-frequency trading, volatility forecasting, risk management, portfolio optimization and asset pricing. Students will work with historical databases, conduct their own analysis, and test trading and investment strategies based on the techniques reviewed during the class. Prerequisite: BIA 652 or MGT 700. > Full description
FA 631 Investment, Portfolio Construction and Trading Analytics
This course explores how to apply fundamental machine learning models to predict financial time series and solve financial problems. Some of the financial applications explored are algorithmic trading, model calibration, portfolio optimization and risk management.Prerequisites: Any of BIA 656, FE 590, FE 690, MIS 637 or CS 559. > Full description
FA 636 Advanced Risk Analytics
The course begins with an overall introduction to risk models such as market, credit and operational risk, before moving to discuss volatility predictive models using time series analysis and machine learning. It will also discuss multivariate risk systems, copulas and shrinkage-based techniques for risk assessment. The second half of the course is mostly dedicated to credit risk management, including the use of predictive analytics to develop early warning systems for corporate credit risk. Prerequisites: FE 535 or QF435; FE 515 or FE 520; and FE 590 or BIA 656. > Full description
You may also choose one of the following:
BIA 656 Advanced Data Analytics and Machine Learning
This course introduces time series and statistical and graphical models used for inference and prediction. The emphasis of the course is in the learning capability of the algorithms and their application to finance, direct marketing, operations and biomedicine. Students should have a basic knowledge of probability theory and linear algebra.
FE 590 Statistical Learning in Finance
This course provides an applied overview of both classical linear approaches to statistical learning and more modern statistical methods. The classical linear approaches will include logistic regression, linear discriminant analysis, k-means clustering and nearest neighbors. The more modern approaches will include generalized additive models, decision trees, boosting, bagging, support vector machines and others.
Courses - Wealth Management
Choose any four of the following.
FIN 620 Advanced Financial Econometrics
This course introduces the main concepts of data analysis and econometrics applied to financial problems. The course explores data analysis techniques; time series models; and multivariate, factor and Bayesian models, which are applied to high-frequency trading, volatility forecasting, risk management, portfolio optimization and asset pricing. Students will work with historical databases, conduct their own analysis, and test trading and investment strategies based on the techniques reviewed during the class.Prerequisite: BIA 652 or MGT 700. > Full description
FIN 658 Wealth Management Principles and Practices
This is a course on the theory and practice of wealth management. It covers the building blocks and fundamental theoretical and practical aspects of investment management and financial planning for individual investors as well as applications that put the former to use by practitioners in the industry. Students will be exposed to some of the information, tools, and analysis available to investment management professionals today. > Full description
FIN 550 Financial Planning and Risk Management
This course will review the fundamental principles of financial planning, professional conduct, education planning, risk management and regulation. The course is aligned with the principle knowledge topics evaluated on the CFP exam. The course introduces you to the financial planning process and teaches you how to work with clients to set goals and assess risk tolerance. Learn how to process and analyze information, construct personal financial statements, develop debt management plans, recommend financing strategies, and understand the basic components of a written comprehensive financial plan. > Full description
FA 631 Investment, Portfolio Construction and Trading Analytics
This course explores how to apply fundamental machine learning models to predict financial time series and solve financial problems. Some of the financial applications explored are algorithmic trading, model calibration, portfolio optimization and risk management.Prerequisites: Any of BIA 656, FE 590, FE 690, MIS 637 or CS 559. > Full description
FIN 555 Retirement and Estate Planning
This course introduces students to the principles of retirement and estate planning as well as current issues in these areas. The course is designed to enable students to understand and be conversant with the basic language of retirement and estate planning, and to understand the pertinent provisions of the US Internal Revenue Code related to these topics. > Full description
Courses - Certified Financial Planner
FIN 555 Retirement and Estate Planning
This course introduces students to the principles of retirement and estate planning as well as current issues in these areas. The course is designed to enable students to understand and be conversant with the basic language of retirement and estate planning, and to understand the pertinent provisions of the US Internal Revenue Code related to these topics. > Full description
FIN 550 Financial Planning and Risk Management
This course will review the fundamental principles of financial planning, professional conduct, education planning, risk management and regulation. The course is aligned with the principle knowledge topics evaluated on the CFP exam. The course introduces you to the financial planning process and teaches you how to work with clients to set goals and assess risk tolerance. Learn how to process and analyze information, construct personal financial statements, develop debt management plans, recommend financing strategies, and understand the basic components of a written comprehensive financial plan. > Full description
FIN 565 Financial Plan Development
This course integrates the different aspects of the financial planning process and demonstrates how to apply this knowledge to the development of a comprehensive financial plan. Students learn how to solve the main problems related to the financial planning process: cash management, debt management, taxation, insurance, retirement, investment, portfolio optimization and estate planning. At the end of the course, students should be able to construct a plan according to the CFP Board’s Financial Planning Practice Standards and client objectives.Prerequisites: FIN 550, ACC 555 and FIN 560 > Full description
FIN 560 Federal Taxation of Individuals
This course will review the fundamental principles of financial planning, professional conduct, education planning, risk management and regulation. The course is aligned with the principle knowledge topics evaluated on the CFP Certification Examination. The course introduces you to the financial planning process and teaches you how to work with clients to set goals and assess risk tolerance. Learn how to process and analyze information, construct personal financial statements, develop debt management plans, recommend financing strategies and understand the basic components of a written comprehensive financial plan. > Full description
Meet the Program Director
Dr. Emmanuel Hatzakis director of the Finance and Financial Engineering programs, joined Stevens School of Business after a long career at Bank of America, UBS, Goldman Sachs and Merrill Lynch. His teaching curriculum focuses on wealth management, financial derivatives and fintech. He has a master's and Ph.D. from the Wharton School of the University of Pennsylvania.
Developing Ethical Finance Leaders: Scholars of Finance at Stevens
At Stevens, the Master’s in Finance program goes beyond technical expertise by fostering ethical leadership and industry engagement. A key example of this commitment is the Scholars of Finance chapter, which empowers students to develop integrity, responsibility and leadership in the financial sector.
Through leadership development programs, stock pitch competitions, mentorship and networking opportunities with top financial firms, finance students gain real-world insights that prepare them for high-impact careers. The organization’s rapid success, earning the 2024 New Organization of the Year Award, underscores the university’s dedication to shaping finance professionals who drive innovation while upholding strong ethical values.
Frequently Asked Questions (FAQs)
What is Finance?
Finance is critical to the success of any business and professionals in this field help organizations maximize profitability while managing risk. The Finance Master’s program prepares students to understand and manage the financial aspects of organizations. Students learn about investment strategies, financial planning, risk management and corporate finance, giving them the skills they need to manage assets, analyze financial data and make informed financial decisions.
Master of Finance graduates are well-positioned to work in a variety of sectors, including corporate finance, investment banking and financial consulting.
What Do Finance Graduates Do?
Finance graduates are responsible for managing their organization’s financial resources. This may include responsibilities such as developing budgets, forecasting financial trends, managing investments and analyzing financial performance. They will also find themselves advising senior management on financial strategies and risk management.
Professionals with a Master’s Degree in Finance are essential in helping organizations make informed decisions that impact long-term profitability and sustainability. Their ability to analyze data and manage resources efficiently makes them invaluable in the financial sector.
How Does This Program Prepare Students for CFA or CFP Certification?
The Master of Finance curriculum aligns with CFA Institute and CFP Board standards, providing coursework that helps prepare students for these professional certifications.
Can I Pursue This Degree While Working Full-Time?
Yes! The online and part-time options provide flexibility for working professionals to advance their careers while studying.
Why Choose the Master of Science in Finance at Stevens?
Technology-Driven, AI-Integrated Curriculum
Powerful Industry Connections
Customizable Career Specializations:
Investment Banking and Valuation
Financial Analytics and Risk
Wealth Management
Certified Financial Planner
GMAT/GRE Optional: Admissions Focus on Industry Experience & Analytical Skills
On-Campus & Online Options
Direct Access to Wall Street, Top Investment Firms, and Fintech Leaders
You May Recognize This Program As...
MSF
Global Finance
Finance Management
Quantitative Finance
Investment Management and Finance
Corporate Finance
Finance and Analytics
Financial Strategy and Data Science