Master of Sciencein Finance

The Master of Science in Finance at UNT is a market-driven and value-added program from a top-tier research public university that can be completed in 12 months (Fall start). This program provides the necessary tools for data-driven decision-making by providing advanced knowledge of finance and modeling/data skills valued in industry. Students will learn practical applications of finance concepts through management and analysis of large real-world financial datasets, Excel-based financial modeling, and experiential learning opportunities.
Domestic students can be admitted until the week before classes start, but are encouraged to apply early. International students are strongly encouraged to apply early due to visa and I-20 processing. For fall admissions, an international student should apply no later than June 1.
UNT undergraduate students in Finance can apply to be admitted into this BBA-MS Finance Grad Track Pathway program in their junior or senior year, and take up to 6 credit hours of graduate level courses (from FINA 5310, FINA 5400, FINA 5500). The graduate level courses would fulfill corresponding BBA Finance requirements (FINA 4310, FINA 4400, FINA 4500, respectively) and will also apply towards their MS Finance.

Program Highlights

Competitively priced high-value program from a top-tier university that provides advanced finance knowledge and in-demand modeling and data skills, foundations for fast-track careers in finance.
Exposure to practical applications incorporating real-world financial data in course work, guest lectures/speakers, a student-managed investment fund, and live company projects.
Preparation for obtaining the Chartered Financial Analyst (CFA) designation, one of the highest distinctions in the investment management profession.
STEM-designated program which allows international students to work in the United States for 36 months after graduation, without being sponsored for a work visa by an employer, making it easier to obtain work experience in the United States.
The Ryan College of Business is among the one percent of business colleges and schools worldwide which hold dual accreditation in business and accounting by the Association to Advance Collegiate Schools of Business (AACSB), the premier accrediting body for business and management education.

Datasets/Platforms Used

  • CRSP (stock returns), Compustat (financial statement information)
  • Bloomberg Trading Room
  • MSCI ESG metrics (corporate and funds)
  • S&P Global Market Intelligence (Banking, Insurance and Real Estate modules)
  • Activist Insight (information on shareholder activism)
  • BoardEx (information on board members and senior executives)
  • Thomson Reuters SDC M&A and Security Issuance Database (historical data on mergers, debt, and equity issuances)
  • Refinitiv Analyst Forecast Data
  • Morningstar Direct (mutual funds performance and holdings)
  • Eventus (event study)

Program Snapshot

Credits needed to complete program: 30 (10 courses)
Core credits: 18 (6 courses)
Elective credits: 12 (4 courses)
Full-time option: 12-months with a fall semester start

Graduation Requirements: A minimum of 30 credit hours of MS Finance program coursework (excluding prerequisites) with a cumulative GPA of at least 3.00.

Application Requirements

Apply online:
Complete UNT Toulouse Graduate School Application via ($75.00 fee)

Official Transcripts:

  • Domestic Applicants: Send transcripts from all previously attended institutions, directly from the institutions to UNT Alumni are not required to submit transcripts except for institutions attended after leaving UNT.
  • International Applicants: Upload copies of official transcripts, mark sheets, and degree certificates through myUNT portal under a single pdf.

Activate EUID and My.UNT:
Within 3 to 7 business days of applying, you will receive an email and pin number via email from Toulouse Graduate School to Activate your EUID.

Upload required documents:
Through the task list on

  • Statement of Purpose to include a summary of unique events, life experiences, and qualifications that you feel distinguish your candidacy. Should not exceed 600 to 700 words.
  • Resume/CV
  • Three (3) letters/forms of recommendation either signed and on the letterhead of the reviewer or submitted via the recommendation form (downloadable form). The applicant may upload these to My.UNT or the recommender(s) may email them directly to

GMAT/GRE scores:
Submit directly to Toulouse Graduate School (GRE code is 6481). Testing waiver conditions are provided below*


  • Testing is waived for applicants who have earned a doctoral or professional doctoral degree from a regionally accredited institution.
  • Testing is waived for applicants with a Master’s degree and a 3.5 GPA from a regionally accredited institution.
  • Testing is waived for applicants with a Bachelor’s degree and a 3.5 GPA (either cumulatively or last-60-hour) from a regionally accredited institution
  • If the test score requirement is not waived: Scores may not be more than (5) years old. Recommended scores: GMAT 520-570 or GRE 153 verbal/154 quant. Applicants may test at a testing center or take the test via online format. You must request official scores be sent to the Toulouse Graduate School at UNT.

For GMAT information, visit:
For GRE information, visit:

Degree Requirements

MS Finance
Financial Management | FINA 5170
Investment Analysis and Management | FINA 5210
Advanced Topics in Financial Management | FINA 5310
Financial Markets and Institutions | FINA 5400
International Financial Management | FINA 5500
Integrative Capstone Course | FINA 5700

The Capstone course is a required culminating experience. This requirement can be fulfilled in multiple ways. A recommended option is application of knowledge obtained from the MS Finance coursework to a project involving data analysis using financial datasets.

The Capstone project is typically a group project (approved by the MS Finance Program Advisor) of 3 or 4 students working on a live company project or research project identified by faculty or students.
Theory and Application of Financial Derivatives | FINA 5220
Fixed Income Securities | FINA 5240
Mergers and Acquisitions | FINA 5340
Sustainable Finance | FINA 5330
Theory of Finance | FINA 5510
Contemporary Issues in Finance | FINA 5650
Finance Internship | FINA 5800

Up to two courses from DSCI 5210, DSCI 5240 and other 5000-level courses from the Ryan College of Business or ECON, subject to MS Finance Program Advisor approval. For course descriptions visit The number of electives offered each year will depend on enrollment.

Career Opportunities

Graduates with MS Finance degrees, often work in various analyst roles in investment management, investment banking, commercial banking, corporate finance, financial advising, insurance and regulatory positions. The FIREL department at UNT RCOB engages with reputable prospective employers (e.g., TD Ameritrade, Fidelity, Bank of America, JPMorgan Chase, Wells Fargo, Goldman Sachs, Schwab, Regions Bank, Texas Capital Bank, Capital One, Citi, Dallas Federal Reserve, etc.) to facilitate internship and placement opportunities for students. The RCOB Career Resource Center actively engages with students regarding job-related activities through various events including career fairs and employer information sessions. The UNT Office of International Student and Scholar Services provides advising to international students seeking employment opportunities. Based on reported data from U.S. MS Finance programs, salaries of graduates obtaining employment in the U.S. often exceed $65,000 per year on average.


Click here for scholarship information/applications

Scholarship applications can be submitted starting the end of December until early March of each year, but early applications are recommended.

Merit-based scholarship and assistantships

Three to four 20-hour per week Assistantships are awarded each year. Assistantships pay $12 per hour and qualify the recipient for the in-state tuition rate.

Four to five $1,000 merit-based scholarships are awarded each year. Criteria for these awards typically include GMAT/GRE scores, GPA, accreditation of recent graduating institution, and reference letters. This award qualifies the recipient for the in-state tuition rate.

Scholarship applications are due March 1st, but early applications are recommended; contact Kathy Nichols at

Meet the faculty

Connect with us

Dr. John Puthenpurackal
Department Chair
Finance, Insurance, Real Estate & Law

(940) 565-3063
BLB | 212A
Dr. Takeshi Nishikawa
MS Finance Program Advisor
Finance, Insurance, Real Estate & Law

Associate Professor
(940) 565-2511
BLB | 336B
Natalie Bernard
Director of Admissions and Academic Advising
Graduate Programs

Advisor for MS & MBA in Finance
Graduate Programs
(940) 369-7818
BLB | 201G