Unlike an MBA in Finance, the MSFA program is targeted at individuals who are looking to build up expertise in a specific field - investment management and financial analysis. MSFA students seek to increase their knowledge to compete and be successful in the financial profession. They receive training in all the areas deemed crucial by the investment management profession and embodied in the Chartered Financial Analyst CFA® designation by the CFA Institute®. The MSFA curriculum is structured around the areas of knowledge and skills necessary for this designation. MSFA students thus receive training in areas essential for practicing financial analysts and investors.
Financial Engineering is primarily focused on pricing Derivative instruments using sophisticated math (stochastic calculus) and computer programming (C++). It is an extremely narrow and technical degree with limited career options. Financial engineers typically hold undergraduate degrees in physics or electrical engineering, as opposed to one that is finance-related. Financial Analysis prepares graduates for a broader set of careers in finance. A curriculum incorporating economics, accounting, math and statistics produces students with keen insight into how the world, and financial markets work. MSFA graduates become Industry Analysts at investment firms, work in Mergers and Acquisitions at an investment bank, manage mutual funds or hedge fund investments, and advise high net worth clients and institutions on their investment strategies.
USF MSFA graduates work in professions such as equity analyst, bond analyst, portfolio manager, investment advisor, private wealth manager, securities trader, financial risk manager, compliance officer, investment banker, and venture capital investments, among others.
Yes. As a CFA Program Partner, the USF MSFA program provides a coordinated, sequential approach to the tools and knowledge covered by the annual CFA exams by incorporating 70% or more of the CFA Candidate Body of Knowledge in the curriculum.
The MSFA curriculum is structured to provide students with the knowledge they need to take the exams of the CFA Program. Students are encouraged to take these exams while enrolled in the MSFA program or shortly after graduation. Significant self study or a CFA Exam Prep course are highly recommended to help prepare students for the CFA Program exams.
No. however, MSFA students who plan to take one of the exams while enrolled in our program are encouraged to do so. CFA exam prep courses provide additional support for subject matter not extensively covered in the MSFA curriculum.
No, however, most MSFA students do take at least one level of the CFA Exam while enrolled or shortly after graduation.
Though the USF MSFA is a CFA Program Partner, passing the exams is never guaranteed. In addition to the MSFA coursework, considerable self-study and/or a CFA exam prep course may be necessary for a student to prepare adequately for the form and specific content of any of the CFA exams.
The MSFA spans four consecutive semesters over about 18 months. Students complete five courses per semester.
The Accelerated MSFA spans three consecutive semesters over 12 months. Students complete six courses per semester.
The Professional MSFA program spans four semesters over 22 months. Students complete four courses per semester.
All MSFA classes are taught at the USF Downtown San Francisco Campus. MSFA and Accelerated MSFA courses are held three days during the week, whereas Professional MSFA classes are held on Saturdays (all day). The schedule of classes may vary each semester, and from year-to-year.
Please visit the Financing Your Education section of our website for current tuition rates.
A number of merit-based scholarships available for highly-competitive applicants. Both international and domestic applicants are considered and no separate application is required. Applicants are notified of their scholarship award at the time of admission.
U.S. citizens and permanent residents may be eligible for the Federal Student Loan program. The USF One Stop office is an excellent resource for further financial aid information. Financial Aid Discounts may be available to firms that commit to a minimum of three students in any cohort.
Please visit the MSFA Admission section of our website for current application deadlines.
All students are required to have foundation courses in: Microeconomics, Macroeconomics, Accounting (financial accounting encouraged), Calculus, and Probability and Statistics prior to starting the MSFA program. Students with undergraduate degrees in Economics, Business, Finance or Accounting usually have enough courses as part of their major to satisfy the foundation requirements. Students who have not completed one or more of the foundation courses may be admitted conditionally to the MSFA program, pending successful completion of the missing foundation courses. If you want to have your transcripts reviewed to confirm successful completion of foundation courses, please contact firstname.lastname@example.org to schedule an admissions advising appointment.
The typical student in the MSFA Professional Program is a full-time working professional in the finance industry with at least 2 solid years of post undergraduate work experience.
The typical student in the MSFA Accelerated Program has the required academic background but does not have the required 2 years of work experience in the finance industry that is required for the MSFA Professional Program.
A valid GMAT/GRE score is required for admission to the MSFA and Accelerated MSFA programs. Strong candidates for the USF MSFA typically score in the 80th percentile on the quantitative section of these exams.
Relevant work experience for Professional MSFA applicants is required, in lieu of a GMAT/GRE score. However, applicants are welcome to submit score reports if they have taken either exam.
The MSFA typically enrolls 50-60 students.
The Accelerated MSFA typically enrolls 25-35 students.
The Professional MSFA typically enrolls 25-35 students.
Within their first year of the MSFA program, students may apply for admission to the USF MBA. This dual program offers a savings of both tuition and time. The MBA can be completed in just over one year (36 units). To be considered for the dual MSFA/MBA, students must have completed the first 19 units of MSFA coursework with a GPA of 3.0 or greater. Before applying, students should contact the Office of Graduate Recruiting and Admissions for further details.