Master of Science in Finance

The Walton Master of Science in Finance program is innovative, inclusive, and impactful, with curriculum tied to industry input and student career goals.

Students focus on financial data analytics, the digital transformation of finance, and innovations in markets and venture finance.

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The Master of Science in Finance is designed for early-to-mid-career students who seek advanced education in finance. The program prepares students with subject matter expertise, the ability to understand diverse perspectives, and analytical skills necessary to succeed in the new digital world of finance.

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Career Outlook

Job prospects for graduates?
What can I expect?

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Courses and Schedule

What coursework is required for this degree?

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Just the Facts

How Much? How Long?
Who can enroll?

How Do I Enroll?

Admission to Walton College masters programs is selective. Enrollment in each program is limited. 

Current Student Listing

Wondering who you’ll meet in class? Get to know our current students.

Just the Facts: Master of Science in Finance

Program Length

One Year (+)

This program requires two (full-time) semesters to finish. Part-time options are available.

Start Date

Spring or Fall

New cohorts begin in both Spring and Fall semesters for this degree program.

Admissions Info

Do I Qualify to Enroll?

Complete your undergraduate degree and meet additional requirements. View Requirements

Entrance Test

GMAT or GRE

Students may be eligible for a GMAT/GRE test waiver with a 3.2 undergraduate GPA or 3 years of professional work experience. Please review our master's admissions policies.

Application Deadline

Fall Deadlines
International applicants: February 15
Priority (domestic applicants): April 15
Final (domestic applicants): July 1

Spring Deadlines
International applicants: August 15
Final (domestic applicants): November 1

Total Program Cost

$20,280

Additional tuition costs applied for out-of-state and international students.
View cost details

Financial Assistance

Paying for College

Scholarships, Graduate Assistantships, and Financial Aid

Class Profile

Current Students

View a listing of current Master of Science in Finance Students.

4+1 Degree Option

The 4+1 Master of Science in Finance program option will allow well-prepared undergraduate students to begin graduate courses during the last year of their undergraduate studies.

WHO: Walton students with a 3.2 undergraduate GPA.

WHAT: Early consideration for a graduate program and possible dual credit between an undergraduate and graduate degree.

WHEN: Apply by February 15 during the spring of your second-to-last undergraduate year for a fall start, or by September 15 of your final year for a spring start.

WHY: Save time and potentially money!

How can I apply for the 4+1 degree option?

Students interested in the 4+1 Master of Science in Finance program will require additional guidance and advising.

Speak to an Advisor



Career Outlook

According to the U.S. Bureau of Labor Statistics: “Despite employment growth, competition is expected for financial analyst positions. Having certifications and a graduate degree can significantly improve an applicant’s prospects.” Common job titles associated with the knowledge and skills obtained from the program are:

  • Financial Analysts
  • Financial Specialists
  • Budget Analysts
  • Financial Managers
  • Securities, Commodities and Financial Services Sales Agents

Per salary.com, the median salary for a finance manager with a master's degree is $127,210 - $135,724Location, experience, education and supervisory duties influence salary amounts.

Jobs and Salaries

$127K - $135K

National median salary for a finance manager with a master's degree. (Salaries vary based on location, education, experience and supervisory duties.) *Source: Salary.com

376,100

Number of financial analysts in the United States in 2022.

+29,000

Projected numeric change in the number of employed financial analysts from 2022 to 2032. (+8% change)

Source: Bureau of Labor Statistics, U.S. Department of Labor

Career Development

Close ties with our corporate partners facilitate recruiting and networking opportunities, internships, and careers.

Students can participate in corporate internships, career counseling, and take advantage of all that Walton Career Connections has to offer.

Career Services

 

Courses and Program Schedule

To obtain the Master of Science in Finance degree, students must complete the following 30 hours of coursework.

Core Courses

FINN 52403: Digital Innovation in Financial Markets The evolving role and operations of financial markets and institutions in an increasingly digital-oriented economy. The impact of technological innovations such as blockchain, nonbank financial technology firms, and machine learning on markets as it relates to investors, firms raising capital, and financial entrepreneurs.
FINN 53203: Financial Data Analytics This course introduces programming for financial data analysis, data representation and visualization using a modern programming language.
FINN 54503: Advanced Financial Modeling The course applies Business Intelligence (BI), Cloud, Artificial Intelligent (AI) tools to business data for financial analysis and modeling. Data handling and modeling make use of the latest BI platforms such as Microsoft Power BI and Tableau.
FINN 5100V: Special Topics in Finance This course focuses on advanced energy risk management strategies and tactics commonly applied by regional, national, and multi-national energy firms, including upstream, midstream, and downstream oil and gas companies, and by firms and other participants in the electricity industry. Contemporary issues related to energy, fracking, conflict, technological innovation, and the future of the energy industry will be covered. Topics include financial statement analysis and valuation of energy companies, commodity trading and risk management, forwards, futures, options, and swaps, and hedging. Fundamental credit risk analysis and risk exposure, counterparty risk, risk mitigation techniques, and country risk are also covered.
FINN 51203: Valuing New Ventures This course is for students who wish to begin careers in valuing new ventures with VCs and Angel funds, for investors interested in new ventures as an asset class, for members of startup teams who focus on acquiring and managing capital, and for R&D and innovation teams within existing large firms. The course will also add valuable techniques to those performing private equity valuations of growing firms or firms facing large strategic options, even if those firms are not technically startups.

Choose 5 from the following courses*:

FINN 52203: Financial Markets & Valuation Analysis of financial information by capital markets in the determination of security values with specific applications to retail and logistics companies. This course views these and other companies from the point of view of the capital markets.
FINN 53103: Advanced Commercial Banking This course focuses on advanced risk management strategies commonly implemented at regional and large commercial banks. Topics include financial statement analysis of banks and holding companies, credit analysis of global cash flow, Basel III capital requirements and stress testing, interest rate risk measurement and management, and interest rate hedging with derivatives.
FINN 53303: Investment Theory and Management Integration of theory, practice of investments with solution of individual and institutional portfolio management problems; Institute of Chartered Financial Analysts' Problems; variable annuity in estate planning.
FINN 5410V: Shollmier Investment Project Provide students with the opportunity to design and apply complex investment strategies used in institutional portfolio management on the Shollmier MBA Fund that can involve fixed income and equity securities as well as derivatives. Students will use top down asset allocation models, bottom up security selection, and hedge fund strategies.
FINN 52103: New Venture Finance The course is a deep dive into the legal contracting and governance issues around early stage financing. This course provides students with exposure to the startup finance ecosystem. Students will learn about the forms of early stage funding and the players offering those funding sources, how to prepare for due diligence when seeking funding, and the issues that arise about governance and control when seeking funding.
FINN 53003: Advanced Corporate Financial Management Focus on financial policy issues using real situational cases. Topics include cost of capital, capital budgeting and long-term planning, value-based management, real options, as well as project financing and valuation.
FINN 51703: Energy Finance and Risk Management This course provides an advanced introduction to energy finance, defined as the application of finance principles to energy, energy service, and related industries, concerning all aspects of the energy value chain. Topics include: (1) physical fossil fuel markets; (2) physical electricity markets; (3) financially traded energy products; and (4) credit, counterpart, country, and enterprise risk. It also introduces students to business valuation and investment banking applications in the energy industry vertical.
FINN 54303: Real Estate Finance and Investment Consideration of professional aspects of the real estate field. Emphasis is placed upon finance techniques and investment analysis. The focus is on commercial real estate. Brokerage, property management, appraisal, property development and current problems are also addressed. Students prepare a feasibly study on a commercial development project. Graduate degree credit will not be given for both FINN 44303 and FINN 54303.

* Non-Finance courses and courses in graduate microcertificates may be taken as electives with the approval of the Program Director.

Student Experience

The Master of Science in Finance program will guide students through evolving innovations in financial markets through the extensive use of descriptive, predictive, and prescriptive data analytics on the practice of finance.

Graduates of this program are expected to achieve competencies in financial modeling and proficiency in computational methods involving machine learning, optimization, and advanced computing languages. These finance skills together with deep subject matter knowledge enable graduates to identify, assess, and seize opportunities for value creation in a dynamic, digital, and rapidly changing economy.

The Northwest Arkansas Community

Join a supportive and engaging community located in the vibrant business network of Northwest Arkansas, with over 300 Fortune 500 companies with a presence in the region.

Business leaders and Walton alumni are closely connected to the college, not just during your studies, but throughout your career.

More About Northwest Arkansas