M.S. in Finance

Stay on Top of the Field

With globalization, emerging technologies, new regulations, and other factors, the world’s financial landscape is always shifting. Our MSF students succeed in this constantly evolving environment by mastering the enduring principles that underlie financial markets.

Our MSF program—ranked #3 in the country and #34 in the world by the Financial Times—helps students deepen their knowledge of finance, broaden their career opportunities, and make names for themselves in their fields.

Finance professionals, recent undergraduates, and others who are considering new careers can choose from part-time or full-time options.

Questions about graduate admissions or programs? Email us or call us at 617-552-3920.

#3

MSF program in the U.S.

Financial Times, 2017

$63,000

Average total compensation, U.S. students

Class of 2017

Tuition and Aid

An MSF from the Carroll School is an excellent investment in your future. We offer merit-based scholarships and financial assistance to qualified applicants. Loan and work study programs are also available.

Tuition and Aid

Program Curriculum

The full-time option allows you to complete the MSF in one full year of study. Full-time students typically take four classes in each of the fall and spring semesters, and finish their degrees by taking two classes during the summer.

Seven Core Courses

 FALL
  Investments (MFIN8801)
  Corporate Finance (MFIN8807)
  Management of Financial Institutions (MFIN8820)
  Financial Econometrics (MFIN8852)
 SPRING/SUMMER
  Active Portfolio Management (MFIN8803)
  Derivatives & Risk Management (MFIN8860)
  Advanced Corporate Finance (MFIN8881)

Three Elective Courses

  • These electives must be at the MFIN66XX or MFIN88XX level
  • MFIN77XX level courses are for Full-time MBA students only
  • Electives may have more than one pre-requisite. Please check Agora under "Course Information and Schedules" for specifics.
  • Other elective choices require department permission from Professor Michael Barry (barrymj@bc.edu)

Course waivers: please see our Course Waiver policy here.

Community Service

The Carroll School has a proud tradition of service to our community. In keeping with that tradition and with our Jesuit heritage, all M.S. in Finance students are required to complete 10 hours of community service in order to graduate. Service guidelines can be found here.

The quantitative finance track allows you to complete the MSF in one full year of study. Full-time students can typically take four classes in each of the fall and spring semesters, and finish their degrees by taking two classes during the summer.

Eight Core Courses

 FALL
  Investments (MFIN8801)
  Corporate Finance (MFIN8807)
  Management of Financial Institutions (MFIN8820)
  Financial Econometrics (MFIN8852)
 SPRING/SUMMER
 
 Four of the following five courses must be taken

  Data Analytics (MFINXXXX)
  Active Portfolio Management (MFIN8803)
  Finance Seminar: Simulation & Optimization in Finance (MFIN6640)  
  Derivatives & Risk Management (MFIN8860)
  Fixed Income Analysis (MFIN8880)

Two Elective Courses

  • These electives must be at the MFIN66XX or MFIN88XX level
  • MFIN77XX level courses are for full-time MBA students only
  • Electives may have more than one pre-requisite. Please check Agora under "Course Information and Schedules" for specifics.
  • Other elective choices require department permission from Professor Michael Barry (barrymj@bc.edu)

Course waivers: please see our Course Waiver policy here.

STEM Designation

The STEM (science, technology, engineering, math) OPT Extension is a 24-month period of temporary training available to F-1 international students who have completed a degree program in an approved STEM field.

Boston College’s Master of Science in Finance (MSF) Quantitative Finance Track is a STEM (science, technology, engineering and math) designated program. This classification allows international MSF graduates on an F-1 visa to apply for an additional 24 months of training in their field of study (called Optional Practical Training or OPT) beyond the standard 12 months.

Eligible F-1 nonimmigrant students with a STEM degree from a Student & Exchange Visitor Program (SEVP) certified U.S. school who participate in an initial period of regular post-completion OPT (typically 12 months) may be eligible to apply for a STEM OPT extension.

To qualify for a 24-month STEM OPT extension, an F-1 student must:

  • Have completed a degree in an eligible STEM field from an SEVP certified U.S. school.
  • Maintained lawful F-1 status during the standard 12 month period of OPT.
  • Have employment through an employer enrolled in USCIS’s E-Verify employment eligibility verification program.
  • Work with the employer to complete a formal training (I-983) and learning objectives.
  • Be employed at least 20 hours per week in a position directly related to the STEM degree.

For detailed information about STEM OPT, visit SEVP’s Study in the States’ STEM OPT Help Hub.

Community Service

The Carroll School has a proud tradition of service to our community. In keeping with that tradition and with our Jesuit heritage, all M.S. in Finance students are required to complete 10 hours of community service in order to graduate. Service guidelines can be found here.

The part-time option offers a flexible schedule, enabling you to earn your degree while continuing to advance your career. Part-time students take two classes per semester on average. At this pace, the total duration of the program will be approximately 20 months.

Seven Core Courses

  Investments (MFIN8801)
  Corporate Finance (MFIN8807)
  Management of Financial Institutions (MFIN8820)
  Financial Econometrics (MFIN8852)
  Derivatives & Risk Management (MFIN8860)
 CHOOSE ONE OF THE FOLLOWING
  Active Portfolio Management (MFIN8803)
  Fixed Income Analysis (MFIN8880)
 CHOOSE ONE OF THE FOLLOWING
  Financial Policy (MFIN8808)
  Advanced Corporate Finance (MFIN8881)
  Corporate Valuation and Restructuring (MFIN8821)

Three Elective Courses

  • These electives must be at the MFIN66XX or MFIN88XX level
  • MFIN77XX level courses are for Full-time MBA students only
  • Electives may have more than one pre-requisite. Please check Agora under "Course Information and Schedules" for specifics.
  • Other elective choices require department permission from Professor Michael Barry (barrymj@bc.edu)

Course waivers: please see our Course Waiver policy here.

Community Service

The Carroll School has a proud tradition of service to our community. In keeping with that tradition and with our Jesuit heritage, all Carroll School graduate students must fulfill a requirement to serve others through meaningful work as volunteers.

Boston College offers a wealth of opportunities for MSF students to apply their classroom learning and to learn directly from industry professionals. For example:

  • The Curriculum in Investment Research and Management (CIRM) is a three-course sequence of electives that merges theoretical learning with hands-on workshops. For qualifying students, the program culminates in “live money” portfolio management.

  • The Warren Buffet & Berkshire Hathaway Field Experience takes students to Omaha, where they meet with billionaire investor Warren Buffett.

  • The International Management Experience is an elective course that culminates in a two-and-a-half-week trip to Asia, Europe, or Latin America, where students interact with business leaders and government officials.

  • The International Consulting Project features travel to countries such as China or Peru to work with clients on specific business challenges.

What’s more, many graduate students at the Carroll School fulfill the University’s tradition of service by serving as mentors, role models, or tutors in underserved communities, or by providing pro bono professional services to local nonprofit organizations.

Numerous student clubs, including the Graduate Management Association and the Graduate Finance Association, provide additional opportunities for students to gain significant leadership experience as well as to develop personal and professional interests.

2017 Entering Class Profiles

Full-Time

Applicant Pool  
Applications Received 1,245
Class Size 77
Selectivity 6%
Academic and Professional Profile  
Average Undergraduate GPA 3.58
Average GMAT Score 695
GMAT Score 80th Percentile Range 629-757
Average Full-Time Work Experience 1 year
Work Experience 80 Percentile Range 0–8 years
Diversity  
Women 49%
AHANA* 8%
International 69%
Average Age 23
Age Range 20-30

*African-American, Hispanic, Asian and Native American.

Undergraduate Major
Finance 33%
Double Major 21%
Economics 22%
Accounting 10%
Other 10%
Business 4%
Engineering 0%
Math/Physical Science 0%
International Enrollments
Australia People's Republic of China
Egypt R.O.C. Taiwan
Greece   Republic of Korea
India Russia
Indonesia Spain
Nigeria Thailand
Pakistan Turkey



Part-Time

Academic and Professional Profile  
Average Undergraduate GPA 3.02
Average GMAT Score 572
Average GMAT 80th Percentile Range 503-619
Average Full-Time Work Experience 5 years
Work Experience 80th Percentile Range 0-19 years

 

Diversity  
Women 7%
AHANA* 7%
International 0%
Average Age 28
Age Range 22-42

*African-American, Hispanic, Asian and Native American.

Please reference ETS for GRE comparison information.

Faculty

Your Future Network

Carroll School MSF graduates leverage their educations in countless ways. Get to know a few alumni from your future network.