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Finance Schools in Maryland

For those interested in a master’s degree in finance in Maryland, this guide will provide information about different degree options. Students can choose from in-depth, full-time programs to flexible, part-time, or online options. Some colleges and universities offer Master of Science in Finance (MSF) degrees, while others offer Master of Business Administration (MBA) degrees with concentrations in finance. The information below can help students decide the best program for their lifestyle and career goals. Maryland, with the large metropolitan areas of Baltimore and nearby Washington DC, has many large companies and employment opportunities for graduates with finance master’s.

Finance Program Stats

  • There are 10 four-year not-for-profit colleges and universities with finance degree programs in Maryland.1
  • 5 schools offer a master’s or advanced degree in finance.1

Institution-Wide Facts

  • Highest graduation rate*: Johns Hopkins University 92%.1
  • Highest transfer-out rate*: University of Baltimore 31%.1
  • Highest net price per year*: Loyola University Maryland $34,152.1
  • Lowest net price per year*: University of Maryland-University College $12,483.1
  • Annual undergraduate tuition range for finance programs in Maryland*: $7,176–$50,410.1
  • 1 school in the Businessweek’s Top Business Undergraduate Programs in 2016: University of Maryland, College Park Robert H. Smith School of Business (#47)2
  • 1 school in the US News Best Business Graduate Schools in 2017 (top 100): University of Maryland, College Park Robert H. Smith School of Business (#50)3

*For 4-year not-for-profit colleges and universities that offer a finance degree program.

Schools in Maryland with Master’s in Finance Degrees

Traditional Master’s in Finance Programs

University of Maryland

At the Robert H. Smith School of Business at the University of Maryland, students can earn a Master of Finance (MFIN) in one to two years. For those interested in careers in corporate finance or valuation, UMD provides a thorough financial foundation. The curriculum focuses on developing skills through financial modeling, data analytics, and real-life case study examples. The program includes experiential learning opportunities, such as consulting projects in the region or opportunities with the student-run investment fund. After the core coursework is completed, students can choose electives to specialize in particular areas of finance, such as asset management, corporate finance, or risk management. The Smith School of Business also offers a Master in Quantitative Finance (MQF) for those looking to advance their quantitative and computational skills.

Loyola University Maryland

Loyola University Maryland’s Sellinger School of Business offers a Master of Science in Finance (MSF). This program is aimed at professionals looking to move into financial leadership, and classes take place on weeknights. Students can study at their own pace, and hybrid and online options are available. The curriculum focuses on technical skills, as well as knowledge of financial analysis, corporate finance, and investment management. The coursework prepares students to take the Chartered Financial Analyst (CFA) exam, and classes are offered at two locations, the Timonium and the Columbia Graduate Center. Loyola University Maryland also offers a Master of Business Administration (MBA) with a finance specialization in the same part-time format.

Johns Hopkins University

The Carey Business School at Johns Hopkins University’s Master of Science in Finance (MSF) emphasizes a theoretical and practical foundation in the finance industry. The core coursework focuses on valuation and financial analysis while also teaching general economic and institutional forces. Students complete courses such as business communication, quantitative financial analysis, and corporate finance. The program aims to develop managers and analysts who practice transparent and responsible business strategies. A significant portion of the curriculum focuses on preparing students for the Chartered Financial Analyst (CFA) exam. The MSF program can be completed in two ways: students with limited professional work experience can study full-time and working professionals can complete the program on a part-time basis with online options.

Online Master’s in Finance Programs

University of Maryland University College

The University of Maryland University of College offers a Management Master’s Degree with a Financial Management specialization. This online program is designed for mid-career professionals with a background in statistics, finance, and accounting. The curriculum is designed with the input from a board of industry leaders who advise the faculty to ensure the coursework is relevant and up-to-date. Classes teach tools to make high-level decisions through case studies and analysis of real-time data sets. Students develop a foundation in management principles, as well as specialized skills in finance decision making. Courses emphasize cost and risk management, long-term financial strategies, and financial analysis. The online program is designed to prepare students to advance in management roles in careers such as financial planning, financial analysis, and investments analysis.

University of Baltimore

At the Merrick School of Business at the University of Baltimore, students can earn an online Master of Business Administration (MBA) and pay in-state tuition, no matter where they live. The online program is aimed at working professionals, offering the same content and depth as the on-campus classes. Students can start the program at six different points throughout the year and can attend on a part- or full-time basis. The curriculum is a mix of core classes and electives, focusing on skills such as leading and managing people, managing innovation and strategy, and managing performance and risk. Students are prepared for positions in leadership and management in the financial field after graduation.

Maryland Career Opportunities for Graduates

There are many career possibilities for graduates with degrees in finance in Maryland. The metropolitan areas of Baltimore and around Washington DC, in particular, are home to many large companies and financial institutions. Large healthcare institutions, such as Johns Hopkins and MedStar Health, are based in Maryland, providing positions in healthcare financial administration. Investment firms such as Morgan Stanley, UBS Financial Services, and First Financial Group have corporate centers in the state as well. Financial positions in the federal government are mostly located in and around the Washington DC area. With a growing, diverse economy, Maryland offers many opportunities for its graduates with finance degrees.

Maryland Finance Job Information

OccupationNumber EmployedAverage Salary
Business and Financial Operations Occupations163,090$80,050
Financial Analysts5,970$98,110
Financial Examiners440$78,560
Financial Managers11,150$145,080
Financial Specialists, All Other4,900$72,790
Loan Officers4,540$76,150
Personal Financial Advisors5,110$108,940

Data from the Bureau of Labor Statistics as of 2017.4

Maryland Salary and Job Outlook

Positions for graduates with master’s degrees in finance are growing in the state of Maryland. Financial examiners earn an average of $78,560 annually in Maryland, slightly lower than the national average wage of $88,940.4,5 However, financial examiner positions in Maryland are projected to grow at a rate of 11% through 2024, higher than the projected national rate of 9.7%.7 Loan officers in Maryland earn an average annual wage of $76,150, almost exactly the national average ($76,260).4,6 Personal financial advisor positions in the state are projected to grow at a high rate of 32.1% annually, or by 230 positions a year.7 With Maryland’s favorable projections in the finance industry, students with a degree in finance may find career opportunities within the state.

Additional Resources

  • Maryland Association of Certified Public Accountants (MACPA) – Professional organization dedicated to the continued education and advocacy of certified public accountants. MACPA also has a specific network for supporting new professionals in the industry, the “Young Professional Council.”
  • Mid-Atlantic Association for Financial Professionals (MAAFP) – Organization advocating for quality and ethical industry standards. MAAFP organizes networking events and continued educational opportunities.
  • Financial Planning Association of Maryland (FPAMD) – Community of financial planning professionals dedicated to growing and improving the industry. Members can attend educational events, learn about regulatory trends, and network with other financial planners.

Directory of Maryland Master’s in Finance Programs

Hood College
401 Rosemont Ave
Frederick, MD 21701
(301) 663-3131
https://www.hood.edu/

Johns Hopkins University
3101 Wyman Park Dr
Baltimore, MD 21218
(410) 516-8000
https://www.jhu.edu/

Loyola University Maryland
4501 N Charles St
Baltimore, MD 21210
(410) 617-2000
https://www.loyola.edu/

University of Maryland, College Park
7950 Baltimore Ave
College Park, MD 20742
(301) 405-1000
https://www.umd.edu/

University of Maryland-University College
1616 McCormick Dr
Largo, MD 20774
(800) 888-8682
https://www.umuc.edu/

References:
1. National Center for Education Statistics (NCES): https://nces.ed.gov/collegenavigator/
2. Bloomberg, Best Undergraduate Business Schools 2016: https://www.bloomberg.com/features/2016-best-undergrad-business-schools/
3. US News & World Report, Best Business Schools in 2017: https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings
4. Bureau of Labor Statistics, Occupational Employment Statistics, May 2016 State Occupational Employment and Wage Estimates, Maryland: https://www.bls.gov/oes/current/oes_md.htm
5. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Examiners: https://www.bls.gov/oes/current/oes132061.htm
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Loan Officers: https://www.bls.gov/oes/current/oes132072.htm
7. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm