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Master of Science in Quantitative Finance

The Finance and Real Estate Department participates in several graduate degree programs including the Ph.D. in Business Administration, the Master of Business Administration, the Master of Science in Quantitative Finance and the Master of Science in Real Estate. In the Ph.D. in Business Administration, courses in finance and real estate prepare students for careers in teaching, research, business, and government. Concentrations in both finance and real estate are offered in the M.B.A. program (see Interdepartmental and Intercampus Programs for degree requirements). The M.S. in Quantitative Finance provides an in-depth exposure to the quantitative aspects of finance. The M.S. in Real Estate provides students in-depth training in real estate decision making.

The Master of Science in Quantitative Finance degree program is designed to meet the growing demand for financial professionals equipped to implement state-of-the-art analytical techniques in support of financial decision-making. Many firms head-quartered in the Dallas-Fort Worth area such as American Airlines, Alcon Labs, J.C. Penney, Fidelity, Burlington Northern and Lockheed Martin, employ financial analysis techniques that did not exist thirty years ago. As the only program of its kind in the Dallas-Fort Worth Metroplex, UT Arlington's Master of Science in Quantitative Finance is uniquely designed to fulfill a strategic role in the education of the North Texas Labor force. Students complete a rigorous seven-course sequence that includes: finance theory, mathematical finance, financial modeling, economic theory, and econometrics. Students then complete a five-course elective program designed jointly by the student and the program advisor. The Master of Science in Quantitative Finance degree program is a specialized degree program designed to build upon the candidate's prior background.

Contact the program advisor at msfinance@uta.edu.

Admission Requirements

Admission to the M.S. in Quantitative Finance (MSQF) program is based upon the completion of the general admission requirements of the Graduate School. A record of one’s undergraduate academic performance and a score on the Graduate Management Admission Test (GMAT) are required for consideration for admission into the MSQF program. Preference is given to individuals having extensive mathematics or computer science backgrounds. Students whose native language is not English must document a TOEFL score of at least 550. International applicants scoring below acceptable levels on verbal portions of entrance examinations may be admitted conditional upon passing an English proficiency exam or upon completing the University’s Graduate English Skills Program prior to beginning graduate coursework. Applicants should submit a current professional resume that highlights professional accomplishments, language skills, computer skills, and leadership (and other interpersonal) skills. The GMAT score shall not be used as the sole criterion for denying an applicant’s admission into the MSQF program.

Multiple criteria are used in the admissions decision. Unconditional acceptance is based on the factors listed below. Denial of admission is not based on any single factor.

  1. An undergraduate GPA of at least 3.0 on a 4.0 scale as calculated by the Graduate School.
  2. An acceptable score on the GMAT. Successful students generally have a GMAT minimum score of 600.
  3. Mathematics coursework through multivariate calculus.
  4. A satisfactory one-page essay outlining the role that the MSQF degree is intended to play in the applicant’s career objectives.
  5. Positive letters of recommendation from three persons familiar with the applicant’s academic background and/or work experience.
  6. Grades in advanced undergraduate coursework.
  7. Professional work experience.

Unconditional Admission

For unconditional admission, items one through six above should indicate strongly the potential for successful academic performance at the Master’s level. Students who are unconditionally admitted, have a minimum undergraduate grade point average of 3.0 as calculated by the Graduate School (or 3.0 at the graduate level), and enroll for a minimum of six semester credit hours will be eligible for available fellowship and/or scholarship support. A standardized test score (GMAT) will not be used as the sole criterion for determining fellowship and/or scholarship eligibility.

Probationary Admission

An applicant deemed deficient in one or more of the above criteria may be considered for probationary admission upon careful review of his/her materials. An applicant admitted under this provision shall be expected to complete his/her first 12 hours of coursework with a grade of B or better.

Provisional, Deferred, and Denied Permission

Provisional admission may be granted if an applicant is unable to supply all required documentation prior to the admission deadline but who otherwise appears to meet admission requirements. A deferred decision may be granted when a file is incomplete or when denial is inappropriate. An applicant will likely be denied admission when three or more of items one through six above indicate lack of potential for success in the program. All applicant data will be evaluated carefully before a denial is issued.

Program of Work

DEFICIENCY COURSES ADVANCED COURSES
a. English 1. ECON 5310 
Microeconomic Theory
b. English 2. FINA 5323 
Investments
c. STAT 5301 
Statistics
3. FINA 5327 
Financial Derivatives
d. MATH 1426 
Calculus I
4. FINA 5330 
Corporate Finance
e. MATH 2425 
Calculus II
5. FINA 5350 
Mathematical Finance
f. INSY 5330 
Introduction to Information
Systems
6. FINA 5351 
Seminar in Finance and Real
Estate Modeling
g. ECON 5311 
Economic Analysis
7. FINA 5390 
Econometrics
h. FINA 5311 
Business Financial Management
Courses 8 through 12 
Major Elective

 

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