The Master of Finance (MFin) degree at Iowa State is designed to prepare students for careers in corporate finance, financial analysis, investing and wealth management, and risk management. Although not a “quant” program, the Iowa State MFin emphasizes more quantitative methods and skills than either an undergraduate finance degree or MBA program. As the field of Finance has become more quantitative, employers are increasingly asking for and valuing hard analytical skills.
Among other core finance topics such as financial analysis and valuation, MFin students will learn advanced regression techniques and programming approaches for data analysis, time series analysis and forecasting, use of probability distributions, optimization techniques, modelling of financial and risk variables, simulation techniques, value at risk measurement, and tools for effective risk management. These tools will equip students to effectively analyze and solve problems encountered in today’s rapidly changing financial environment.
The ISU MFin program is designed to meet the diverse needs of recent undergraduates, finance professionals, economists, engineers, computer scientists, and others who are considering a new career in the field of finance.
The Iowa State Master of Finance provides you with:
- A strong foundation in mathematical optimization, statistics, and econometrics
- Detailed knowledge in the primary functional areas of Finance — Corporate, Investments, and Derivatives and Risk Management — with numerous electives that build on this foundation
- A range of advanced skills and analytical tools for sound financial decision-making
- Small classes, allowing ample interaction with nationally recognized faculty who are engaged in cutting edge research.
- State of the art facilities, all major accounting and financial databases, and over a dozen Bloomberg data terminals – the industry standard
- Outstanding career services professionals to help you find employment and launch your career. In 2011 the ISU MBA program ranked third in the nation for job placement, with 96.3% of students accepting jobs within three months of graduation
- A beautiful campus in the heart of the Midwest
The 40 required credits can be completed comfortably in three semesters. However, students are encouraged to view this as a two-year program and to take more than the minimum number of credits if their schedule allows. Students are encouraged to explore electives from Economics or Statistics as well as other business disciplines such as Accounting or Information Systems.
Tuition and Textbooks
Tuition for the Master of Finance program is the same as the tuition for the MBA program. You should also plan to spend between $500 and $1,000 on textbooks each semester and factor this into your cost of education. Many of these will serve as valuable references and become part of your professional library.