Master's Degree

Finance (M.S.)

Basic Degree Information/Description

The Master of Science degree in Finance (M.S.F.) provides an intensive education in various aspects of finance, including markets and institutions, corporate finance, international finance, financial modeling, and investments including derivative securities. Emphasis is on theoretical aspects of finance, developments in financial instruments and markets, and practical application tools and techniques. The program is designed to train students to be financial managers and analysts in corporations, banks, and investment institutions. It also provides the opportunity for students to prepare to undertake specialized certification examinations and doctoral studies in finance. The program, including admission, is supervised by the Graduate Program Committee in Finance, which includes the Graduate Advisor in Finance. General requirements for completion of the program consist of non-finance foundations of knowledge requirements, required finance courses, elective work, and a comprehensive examination.

Why pursue an ­­­­­M.S. in Finance at UTSA?

With the introduction of new products and technology to the financial marketplace in the past two decades, many areas of finance have undergone significant transformation.  An understanding of the new financial environment requires the application of state-of-the-art analytical and computational techniques.

Degree Requirements

  • Students must complete 33 semester credit hours and a comprehensive examination.
  • For a complete list of degree requirements please see the Graduate Catalog.

Admission Requirements and Deadlines

Admission pre-requisites: Students with non-finance undergraduate degrees may be required to take additional undergraduate and graduate courses for removal of deficiencies, as determined by the Graduate Program Committee in Finance. Such courses do not apply toward the degree. Please contact the department for more information.

Graduate Studies Application: Yes

Department Application: No

Transcripts: Official transcripts from all institutions attended.  All international transcripts must be recorded in English or officially translated to English.

Test Scores: The GMAT is required for this program.

Resume: Optional, but a current resume with employment or other experience is recommended.

Letters of Recommendation: Optional, but recommended.

Statement of Purpose: Yes

Minimum TOEFL Score (for International Applicants): 550 paper/79 internet

Minimum IETLS Score (for International Applicants): 6.5

Additional Requirements: International students and those with international degrees may be required to submit additional documents per our admissions policies and procedures. The Graduate School reserves the right to request any additional documents needed to fairly and consistently evaluate applicant credentials.


Application Deadline Dates

Domestic Applicants (Citizens and Permanent Residents):

  • Spring: November 1
  • Summer: May 1
  • Fall: July 1

International Applicants:

  • Spring: September 1
  • Summer: March 1
  • Fall: April 1

Contact Information

Graduate Advisor of the College of Business: Jim Aviles

Telephone: (210) 458-7315

Degree Website:

Degree Catalog Link:

Brochure: College of Business Master's Programs Brochure

Contact the Graduate School: Contact now for more information

Career Options Available for Finance Graduates

Graduate-level finance jobs in industry require employees that are knowledgeable in many areas of finance, including corporate finance, international finance, financial modeling, investments, and derivative securities. The Master of Science in Finance is a specialized degree focusing on an intensive study of finance in the areas. There is a high demand in the job market for financial analysts in corporations, banks, insurance companies, and other financial institutions.

Course Scheduling and Offerings:

The Majority of UTSA’s Finance students are employed full-time while pursuing their graduate degrees. To meet the needs of these busy professionals, classes are offered in the evening format. Special scheduling of courses during spring semesters allows Finance students to complete internships and also maintain full-time graduate status.