specialty masters program in finance...introduction • the smith school offers two premier finance...
TRANSCRIPT
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Specialty Masters Program in Finance
Dr. Liu YangAssociate Professor in Finance
Academic Director, MFin and MQF Programs
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Introduction• The Smith School offers two premier finance Masters
programs
• The Master of Finance (MFin) program started in 2009– Ranked #2 in the US by Financial Times in 2018
• The Master of Quantitative Finance(MQF) is a newer degree program starting in 2018– It serves a growing need in the finance industry for
professionals with sophisticated quantitative and computation skills
– It is STEM-eligible which gives students 24-month OPT extension
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Master of Finance
• The program consists of 30 course credits– Individual courses are (mostly) 2 credits each
– 12 credits (6 courses) are required/core courses
– The remaining 18 credits (9 courses) are elective courses
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The program can be completed in 12, 18 or 24 months
Term A Term B Term C Term D Term A Term B Term C Term D12-month CORE CORE CORE
CORE CORE CORE
18-month CORE CORE CORECORE CORE CORE
24-month CORE CORE CORECORE CORE CORE
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Master of Quantitative Finance
• The program consists of 36 course credits– Individual courses are (mostly) 2 credits each
– 16 credits (8 courses) are required/core courses
– The remaining 20 credits (10 courses) are elective courses
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The program can be completed in 18 or 24 months
Term A Term B Term C Term D Term A Term B Term C Term D18-month CORE CORE CORE CORE
CORE CORE CORECORE
24-month CORE CORE CORE CORECORE CORE CORE
CORE
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Curriculum:Three Building Blocks
Corporate & Risk Management
Investments Numerical Methods
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Corporate and Risk ManagementFinancial
Management*
Valuation*
Corporate Strategy
Corporate Restructuring
Venture Capital and Private Equity
International Investments
Enterprise and Credit Risk
Management
Financial and non-financial Risk Management
Financial Analysis and Modeling
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Investments
Capital Markets*
Derivatives* Fixed Income
Fixed Income Derivatives
Portfolio Management
Quantitative Investment
Institutional Asset
Management
Market Microstructure
Risk Management
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Numerical MethodsFinancial Data
Analytics*
Machine Learning in Finance*
Big Data in Finance
Financial Programmingq Textual Analysis
Financial Mathematicsq
Financial Engineering
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Sample CurriculumTrack: Corporate and Risk Management
2 + 7 2 + 2 2
Financial Management Capital Markets Financial Analytics
Valuation Derivatives Machine Learning
Financial Analysis and Modeling Fixed Income
Corproate Strategy Institutional Asset Management
Corporate Restructuring
International
Enterprise and Credit Risk
Financial and Non-Financial Risk
Venture Capital and Private Equity
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Sample CurriculumTrack: Asset Management
2 2 + 6 2 + 3
Financial Management Capital Markets Financial Analytics
Valuation Derivatives Machine Learning
Fixed Income Financial Math
Fixed Income Derivatives Financial Programming
Portfolio Management Financial Engineering
Quantitative Investment Textual Analysis
Institutional Asset Management Big Data
Market Microstructure
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Sample CurriculumQuantitative Finance
2 2 + 6 4+ 4
Financial Management Capital Markets Financial Analytics
Valuation Derivatives Machine Learning
Fixed Income Financial Math
Fixed Income Derivatives Financial Programming
Portfolio Management Financial Engineering
Quantitative Investment Textual Analysis
Institutional Asset Management Big Data
Market Microstructure Fintech
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Potential Job Titles
Corporate and IB
Consultant
Equity Analyst
CFO’s office
Risk Management
Risk Analyst
Credit Risk Modeler
CRO’s office
Asset Management
Portfolio Manager
Investment Manager
Financial Analyst
Quantitative Finance
Financial Engineer
Data Analyst
Algorithm Trader
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Some of Our Employers
Corporate and IB
Risk Management
Asset Management
Quantitative Finance
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International Students• You must take at least four (4) credits in each term to
maintain your visa status.– For example, you cannot take a heavy load in one term and then
take one or zero classes another term. The only exception is your final term.
• For MFIN students– To maintain your visa status over 20 months, you must choose a
career track and take pre-set course sequence.– If you do not choose a track, you have more flexibility in
choosing elective classes, but must graduate in 16 months (at most).
• MQF students who plan to stay for 20 months can register without a track.
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Plus One Students
• Plus students who have already completed 10 graduate credits should generally aim to graduate in two semesters for MFIN and three semesters for MQF.
• If you start with fewer than 10 graduate credits, your load will need to be higher in some terms.
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ELPs, Independent Study, and GEF
• Some students also take ELP’s (experiential learning projects), independent studies, and/or GEF (global equity fund) as elective credits.
• These opportunities require special approval, and admission is competitive.
• These classes may be for one, two, or more credits and count toward your 30/36 credits, so you must plan carefully to keep in line with your proposed graduation date.
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GPA Requirements• The Graduate School requires that you keep a 3.0 GPA at
all times to maintain good standing.
• If you dip below a 3.0 cumulative GPA at the end of any semester, you will be on academic probation and can be reinstated upon improvement.
• If you ultimately do not get above the required average, you will not graduate. – The Graduate School will never make exceptions to this policy.
• A 3.0 cumulative GPA is also required for international students to be eligible for CPT.
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Expectations• Be prepared. Participate. Eager to Learn.
– Check information on CANVAS and get ready for class.– Participate in classroom discussion and group studies
• Hard-working. Professionalism.– Always try your best– Be professional to your teachers, school staff and fellow
students
• Responsibility.– Plan travel around academic schedule. Be sure to check with
individual professors.
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Academic Integrity
• Be aware of the Code of Academic Integrity– http://shc.umd.edu/
• If you are not sure what is allowed, ASK!
• Note: This is a very serious issue.– The recommended penalty for cheating in
graduate level classes is expulsion.
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Academic Advising
• Elise Auvil in the Masters Program Office is your contact for academic advising and course selection.
• Advising appointments are available on Friday.
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Questions?