Master of Finance

Program specific information for Master of Finance students can be found below:

Fall 2026 Cohort 

Fall Semester (12 credits)
Term A
BUFN 610*Financial Management2 credits
BUFN 620*Capital Markets2 credits
BUFN 640*Financial Data Analytics2 credits
Term B
BUFN 630*Valuation in Corporate Finance2 credits
BUFN 650*Machine Learning in Finance2 credits
BUFN 732**Fixed Income Analytics2 credits
Spring Semester (10 credits)
Term C
BUFN 660*Derivative Securities2 credits
BUFN TBD Elective2 credits
BUFN TBD  Elective2 credits
Term D
BUFN 744**Fixed Income Derivatives2 credits
BUFN TBDElective2 credits
Fall Semester (8 credits)
Term A
BUFN TBDElective2 credits
BUFN TBDElective2 credits
Term B
BUFN TBD Elective  2 credits
BUFN TBDElective2 credits 

*Core Courses
**Required

The Master of Finance curriculum is 30 credits. Courses are subject to change.

The standard curriculum is set up to be completed in 3 semesters. Students interested in accelerating to complete the program in 2 semesters should contact their academic advisor.


Fall 2026 Cohort - Accelerated Option

Fall Semester (14 credits)
Term A
BUFN 610*Financial Management2 credits
BUFN 620*Capital Markets2 credits
BUFN 640*Financial Data Analytics2 credits
Term B
BUFN 630*Valuation in Corporate Finance2 credits
BUFN 650*Machine Learning in Finance2 credits
BUFN 732**Fixed Income Analytics2 credits
BUFN 736**

Quantitative Investment Strategies

2 credits
Spring Semester (16 credits)
Term C
BUFN 660*Derivative Securities2 credits
BUFN TBD Elective2 credits
BUFN TBD  Elective2 credits
BUFN TBDElective2 credits
Term D
BUFN 744**Fixed Income Derivatives2 credits
BUFN TBDElective2 credits
BUFN TBDElective2 credits
BUFN TBDElective2 credits 

*Core Courses
**Required

The Master of Finance curriculum is 30 credits. Courses are subject to change.

The standard curriculum is set up to be completed in 3 semesters. Students interested in accelerating to complete the program in 2 semesters should contact their academic advisor.

Students join the Master of Finance program with a variety of technical skills and educational and professional backgrounds. The resources below have been compiled to assist incoming new Master of Finance students with preparing for their fall coursework. 

All UMD students have unlimited complimentary access to LinkedIn Learning, an online library of >60,000 videos, courses, and career development paths focused on the latest software, creative, and business skills.

View Recording of June 30 Master of Finance/Master of Quantitative Finance Pre-Skills Student Chat

 

Required Asynchronous Course for Students without Microsoft Excel Knowledge

LinkedIn Learning: Excel Essential Training

 

Required Pre-Skills for BUFN 610: Financial Management with Professor Yang  

BUFN 610: Financial Management offers an introduction to corporate financial management and the content is a prerequisite for many of the other Master of Finance courses. The objective of the course is to understand how to model the monetary implications of a firm’s strategic initiatives by outlining the financial concepts and techniques used to evaluate those corporate decisions. Topics include the time value of money, valuation of common securities, construction of discounted cash flow models, capital structure, and the weighted average cost of capital. There is a limited amount of classroom time during the semester and the course covers a significant amount of material. 

Follow Financial Press 

To prepare for the pace and quantity of information in the Master of Finance program, students are strongly encouraged to make financial press part of their daily routine. This could include reading the Wall Street Journal, the Financial Times, or watching networks such as CNBC or Bloomberg. Students who are familiar with the financial issues reported upon in the press will have an enhanced understanding of the course materials. Professor Yang will devote a significant amount of time each week discussing what is taking place in financial markets and the broader economy. Students are expected to come prepared to participate in classroom discussions.

Finance Online Course: Introductory Section (Required for Students New to Corporate Finance; Strongly Recommended for All Other Students) 

“Finance Online Course: Introductory Section” offered by Harvard Business School Publishing (product number 6000-HTM-ENG) will expose students to important background material prior to the start of the course, including time value of money, financial ratios, and financial forecasting. 

  • Time estimate: This online course is estimated to take 8 to 10 hours for students with prior familiarity with the material. For students who have never been exposed to finance coursework, the online course could take as long as 20 to 30 hours. 
  • Cost: $35, to be paid individually by the student directly to HBSP
  • Registration: https://hbsp.harvard.edu/import/1423358  
  • Technical Difficulty: Contact the Harvard Business School Publishing Technical Support - https://hbsp.harvard.edu/contact-us.

Questions about the BUFN 610 pre-skills assignments related to course content can be directed to Professor Liu Yang (lyang1@umd.edu).

 

Required Summer Pre-Skills for BUFN 640: Financial Data Analytics with Professor Kozak 

BUFN 640: Financial Data Analytics introduces the skills and computing languages for analyzing financial data and testing financial models. Familiarity with basic probability theory and basic statistics is essential. Working knowledge of calculus and linear algebra is also useful. Basic experience with Python is helpful but is not required. Professor Kozak will launch course materials through his Canvas course prior to the start of the semester, and will include assignments that will be due by the first day of class focused on probability and statistics, Python, and other key topics that will be part of the coursework.   

  

Additional Optional Assignments and Reading

Incoming students do not need to be proficient with all of these tools prior to the start of classes, however, having some prior experience could help them learn more effectively.

Registration Date: 

Wednesday, May 27, 2026

Failure to register within one week of receiving instructions may result in the termination of admission to the program. Please review all of the information on this page.

 

HOW TO REGISTER

Directory ID and password must be set BEFORE registration; see Directions for Setting Up Directory ID and Password.

Step 1: Go to Testudo (Office of the Registrar website) 

http://www.testudo.umd.edu/
Click on: Registration (Drop/Add)
Enter Directory ID and Password
Select: Fall 2026

Step 2: Enter Registration Information  

Testudo will not allow students to register for courses individually. All Master of Finance students will register for either the MB11 or the MB12 track of courses for the fall semester. Enter the following information in the "Registration (Drop/Add)" screen of Testudo as shown below to register. 

  • Course: MSBF99MB
  • Section: [enter "MB11" or "MB12"]
  • Grading Method: None
  • Credits: [Leave blank] 

Click "Submit Changes" to complete registration. A message may appear stating the course is non-standard; click "Enter" to bypass this message. All graduate-level courses at the Smith School of Business are non-standard.

Step 3: Confirm Courses

Click "View Schedule" to confirm registration based on the schedule listed below.  

 

COURSE SCHEDULE

Registration is set up for a 3-semester program completion (in December 2027). Students who wish to accelerate and complete the program in 2 semesters (in May 2026) should contact Feven Girmay for additional registration guidance.

Course Number = MSBF99MB
Section = MB11 
Course Number = MSBF99MB
Section = MB12

BUFN 610 0501: Financial Management (2 credits)
Tuesdays/Thursdays, 10:00 - 11:50 a.m.
Meets: Term A

BUFN 620 0501: Capital Markets (2 credits) 
Tuesdays/Thursdays, 2:00 - 3:50 p.m. 
Meets: Term A  

BUFN 640 0501: Financial Data Analytics (2 credits)
Mondays/Wednesdays, 12:00 - 1:50 p.m.
Meets: Term A 

BUFN 630 0501: Valuation in Corporate Finance (2 credits)
Tuesdays/Thursdays, 10:00 - 11:50 a.m.
Meets: Term B

BUFN 650 0501: Machine Learning in Finance (2 credits)
Mondays/Wednesdays, 12:00 - 1:50 p.m.
Meets: Term B

BUFN 732 0501: Fixed Income Analytics
Mondays/Wednesdays, 4:00 – 5:50 p.m.
Meets: Term B

BUFN 610 0505: Financial Management (2 credits)
Tuesdays/Thursdays, 12:00 - 1:50 p.m.
Meets: Term A

BUFN 620 0501: Capital Markets (2 credits) 
Tuesdays/Thursdays, 2:00 - 3:50 p.m. 
Meets: Term A  

BUFN 640 0501: Financial Data Analytics (2 credits)
Mondays/Wednesdays, 12:00 - 1:50 p.m.
Meets: Term A 

BUFN 630 0505: Valuation in Corporate Finance (2 credits)
Tuesdays/Thursdays, 12:00 - 1:50 p.m.
Meets: Term B

BUFN 650 0501: Machine Learning in Finance (2 credits)
Mondays/Wednesdays, 12:00 - 1:50 p.m.
Meets: Term B

BUFN 732 0501: Fixed Income Analytics
Mondays/Wednesdays, 4:00 – 5:50 p.m.
Meets: Term B

Courses are completed in 7-week sessions referred to as "terms". Term A meets August through October, and Term B meets October through December; for specific dates, review the Academic Calendar

For general registration information, please see the Registration FAQ.

The schedule is subject to change.

Tuition & Fee information, including due dates and residency information can be found at:

Master of Finance Tuition & Fees