University of Maryland Master Finance Eligibility, Fee, Deadlines and Scholarships

University of Maryland Master of Finance is a graduate, 30-credit programme completed in 2 or 3 semesters through full-time, in-person study at College Park. Applicants need a U.S.-equivalent bachelor’s degree and Statistics with a B or higher. The Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) are required unless the published waiver conditions apply. Fall 2027 tuition is unpublished; 2026-27 tuition was US$63,450 (INR 61.25 Lakhs) for 30 credits, as a prior-cycle reference.

The curriculum combines Financial Management, Capital Markets, Valuation in Corporate Finance, Financial Data Analytics, Machine Learning in Finance and Derivative Securities before 18 specialization credits. It suits an analytically prepared Indian applicant targeting corporate finance, asset management, risk management or investment roles, but its accelerated pacing makes pre-arrival quantitative preparation important.

• The four specializations cover Corporate Finance, Asset Management, Risk Management and General Finance.
• Python, R, Bloomberg and Mergent connect finance theory with data-led workplace preparation.
• The Smith School identifies the degree as STEM (Science, Technology, Engineering and Mathematics)-designated, which may support a longer post-study work window when federal conditions are met.

Also Check: University of Maryland Master of Finance admission

University of Maryland Master Finance Fees and Living Costs 2027

Fall 2027 tuition and programme fees are not published on the checked official surfaces. The table therefore separates the current application fee from 2026-27 rates used only as prior-cycle planning references.

The official Master of Finance (MFin) page bills international students per credit, while College Park charges vary by semester credits. This matters because the standard 30-credit plan uses two terms above eight credits and one term at eight credits.

Source: UMD Smith 2026-2027 Master of Finance and Master of Quantitative Finance tuition and fees page and current business master’s admissions page.

All INR conversions in the article use a conversion rate of USD 1 = INR 96.5372 as of 16 August 2026. Rates fluctuate daily, verify before applying.

• Fall 2027 tuition must be confirmed before accepting an offer because the university states that annual rates and fees can change.
• The Student Health Insurance Plan (SHIP) is billed after registration and its premium is not shown on the checked 2026-27 fee page.
• The calculated prior-cycle fee subtotal is US$66,028.50 (INR 63.74 Lakhs) including tuition, listed programme fees and the current application fee.

Cost of Living in College Park for Master Finance Students

The official 2026-27 graduate budget estimates annual indirect costs at US$22,982 (INR 22.19 Lakhs). It combines off-campus housing and food, personal expenses, books and supplies and transportation, so it is not a rent-only figure.

Monthly figures below are calculated by dividing each official annual estimate by 12. Use the annual total for funding evidence, then adjust the monthly cash plan after confirming housing and insurance choices.

A prior-cycle planning illustration for the reported 16-month programme length is US$96,671 (INR 93.32 Lakhs). The arithmetic is US$63,450 tuition plus US$2,503.50 listed programme and campus fees plus US$30,642.67 calculated living costs plus US$75 application fee.

This illustration excludes the unpublished 2027-28 tuition change and any SHIP premium. Verify the target fee on the official fee page before fixing a loan amount.

Check Out: United States cost of living guidance

Key insight: The target fee is unpublished, while the prior-cycle 16-month illustration reaches INR 93.32 Lakhs before SHIP. Secure a funding buffer and recheck the 2027-28 bill.

University of Maryland Master Finance Admission 2027

University of Maryland (UMD) uses holistic review for the Master of Finance, so the file must show degree equivalence, quantitative readiness, testing and a clear finance objective. The official requirements do not publish a minimum GPA (Grade Point Average) or work-experience cutoff for this programme.

For Indian applicants, a four-year bachelor’s degree is the cleanest route. A three-year degree is considered only under listed conditions involving a later master’s, 13 years of pre-university education, a post-graduate diploma or a documented exception.

A sole three-year degree from a 12-year pre-university system is not eligible when it does not qualify for graduate study in the country where it was earned.

Academic and Test Eligibility

The table separates mandatory application components from waiver conditions and a shared incoming-class benchmark. That distinction matters because an average profile is evidence of selectivity, not a published cutoff.

UMD does not publish a separate Master of Finance acceptance rate or minimum GPA. Use the shared profile to audit readiness, but make the statistics grade and finance motivation explicit in the submitted file.

English Language Proficiency

The TOEFL (Test of English as a Foreign Language) iBT (internet-based test), IELTS Academic and PTE Academic are accepted routes for applicants without a listed English-speaking degree exemption. The score scale for TOEFL depends on whether the test was taken before or after 21 January 2026.

The current Graduate School policy lists separate overall and component scores, while Smith notes that individual programmes may set higher requirements. Check the Graduate School English requirements again when submitting the Fall 2027 file.

UMD lists exemptions for degrees from qualifying United States institutions and specified English-speaking countries, not simply for an English-medium degree in India. The Graduate School accepts several online testing formats, but the institution’s current score policy controls.

• Take the new TOEFL only when you can meet its 5 overall and component requirements because the university does not publish a self-conversion.
• Choose IELTS when your preparation supports 7 in Reading, Listening and Writing plus 6.5 in Speaking.
• Resolve the three-year degree route with UMD before ordering translations because eligibility depends on the exact academic history.

Tip for Indian students: The strongest file combines a qualifying degree, documented Statistics preparation and a clear test or waiver route. Finish those checks before the first 15 October 2026 review date.

University of Maryland Master Finance Application 2027

The Fall 2027 application schedule is published with multiple dates for international applicants. The earliest listed date is 15 October 2026, the international priority date is 15 January 2027 and the final international date is 12 March 2027.

UMD says a complete application can receive an admissions decision within four weeks, but it does not publish fixed decision dates for each round. The page also says applications are reviewed on a rolling basis after 1 April 2027, so a late file depends on remaining capacity.

Deadline timezone: The official page publishes dates without a clock time or timezone. The application portal controls the cutoff, so Indian applicants should submit before the displayed date rather than rely on a last-minute conversion.

The application requires an essay, current résumé, one recommendation letter and official transcripts from every college or university attended. International applicants also need English evidence unless an official exemption applies, while Finance applicants need GMAT or GRE scores unless the automatic waiver review approves an exception.

Application Components and Sequence

Submit the transcript and résumé early because Smith automatically reviews Finance applicants for a GMAT or GRE waiver after the application is submitted. If no waiver appears within the stated review window, the file needs an official score before it can be considered complete.

Admitted students must submit two seat deposits of US$1,000 (INR 96,537) each, with the first due four weeks after the decision and the second due eight weeks later. A decision issued within three months of the start date can carry shorter deposit deadlines, so read the admission letter immediately.

• Choose 15 October 2026 when your transcript, English score, recommendation and finance essay are already complete.
• Use the 15 January 2027 priority date to gain preparation time without waiting for the final international deadline.
• Keep the first-year funding plan ready before submission because admission deposits arrive before the 2027-28 fee is published.

Read More: University of Maryland College Park profile

Application tip: The January priority date gives Indian applicants a clear middle path between the first October round and the March final deadline. Use it only with a complete waiver or test plan.

University of Maryland Master Finance Scholarships 2027

The confirmed funding options for the Master of Finance are limited and merit-based. Smith considers admitted full-time, in-person specialty master’s students for available awards, but it does not publish a separate Fall 2027 scholarship deadline.

Terrapin Scholar is the main current published award relevant to new applicants because it can provide up to US$15,000 (INR 14.48 Lakhs). Double Terp is more restricted because it requires a University of Maryland College Park undergraduate background.

The table shows the award value and the eligibility route, so Indian applicants can separate a realistic funding possibility from an award designed for returning UMD students. Smith’s consideration is holistic and awards are limited, which means the funding should reduce the required budget rather than replace the prior-cycle planning figure.

Current published award context: These awards are not confirmed as Fall 2027-specific, and the university does not state a separate scholarship application date for this intake.

For an Indian applicant without a UMD College Park undergraduate degree, Terrapin Scholar is the more relevant named route. Double Terp should not be included in the base funding plan.

Submit the admission application with a funding case that remains viable without an award because the published scholarship language does not guarantee selection or a target-cycle amount.

• Prioritise the admission file before seeking a scholarship because the published awards are tied to admission consideration.
• Use US$2,500 (INR 2.41 Lakhs) to US$15,000 (INR 14.48 Lakhs) as possible cost reductions, not confirmed target-cycle funding.
• Exclude Double Terp from your estimate unless you hold the stated UMD College Park undergraduate qualification.

Check Out: India-focused scholarship options

Scholarship reality: The named awards can reduce cost, but their limited and non-target-cycle wording leaves the 2027 budget uncertain. Keep the prior-cycle planning illustration funded before submitting the application.

University of Maryland Master Finance Salary 2027

The university reports an average starting salary of US$83,000 (INR 80.13 Lakhs) for 2023 Master of Finance graduates. It also reports that 84% secured employment within six months, while noting that the salary data do not meet the 75% MBACSEA (MBA Career Services and Employer Alliance) reporting threshold.

MBACSEA is the reporting standard used to judge whether an employment dataset is sufficiently complete. That limitation means the 84% figure is useful course evidence, but it is not a complete outcome rate for every graduate.

The latest Finance Report combines the Master of Finance, Master of Quantitative Finance and Master of Science in Accounting. It therefore supplies a current school-level proxy rather than an MFin-only outcome.

Source: University of Maryland Smith Master of Finance career page and Class of 2025 Finance Report.

The course-specific figure is the strongest outcome evidence, but its reporting limitation matters because 84% is not an audited placement rate for every graduate. The combined 2025 report adds current salary, timing and function context, yet it cannot isolate Master of Finance outcomes.

For ROI, the prior-cycle 16-month planning illustration was US$96,671.17 (INR 93.32 Lakhs). It uses 30-credit tuition, listed programme fees, 16 months of official annual living estimates and the application fee.

Fall 2027 tuition remains unpublished, so this is a planning illustration rather than a target-cycle total.

• Use the 2023 course outcome as evidence of potential, then ask how your finance preparation can compete for relevant roles.
• Use the Class of 2025 combined report for current context, but request MFin-specific clarification before treating it as your salary baseline.
• Treat the US$118,000 (INR 1.14 Crore) figure as a regional market benchmark and do not use it for a payback calculation.
• Check your eligible work-authorisation window before borrowing because the post-study route depends on visa and employer conditions.
• Gross salary changes after taxes and benefits, so use an official tax calculator before setting a repayment amount.

Host-country ROI depends on securing a relevant role within the work-authorisation window, while an India-return decision should account for the gross salary evidence and its reporting limits. The named employers show reported access to finance-related organisations, but employer presence does not establish recruiter volume or a placement guarantee.

ROI reality: The course has useful salary evidence, but the 2027 tuition is unpublished and the current report combines programmes. Build the decision around verified cost, your funding capacity and the specific role you can pursue.

United States Visa for Maryland Master Finance Students 2027

The full-time, in-person Master of Finance uses the F-1 (Student) visa. The visa application fee is US$185 (INR 17,859), while the I-901 SEVIS (Student and Exchange Visitor Information System) fee is US$350 (INR 33,788).

The programme is STEM (Science, Technology, Engineering and Mathematics) designated, but the extension depends on the degree code and employer conditions. H-1B (specialty occupation visa) selection has no single course-specific salary threshold, and permanent residence has no fixed course-linked timeline.

• OPT (Optional Practical Training) normally allows up to 12 months of post-completion employment, so apply within the status window for a role related to your training.
• A 24-month STEM extension can reach 36 months only when the CIP (Classification of Instructional Programs) code, related role, E-Verify employer and Form I-983 requirements are met.
• F-2 status allows a spouse or unmarried minor child to accompany an F-1 student, but F-2 dependants cannot work.
• Confirm the CIP code on your I-20 and the employer’s eligibility before treating the STEM extension as part of your repayment plan.

Read More: United States student visa requirements

Visa reality: The STEM designation can widen the work window, but it does not guarantee the extension or a later H-1B route. Verify the CIP code, employer conditions and current government rules before borrowing.

University of Maryland Master Finance Ranking 2027

Smith lists Finance at #19 in the QS (Quacquarelli Symonds) Business Master’s Rankings 2025. The result measures the United States finance discipline in the 2025 edition, so it is not a 2027 placement result or a salary guarantee.

The ranking can help an applicant assess the programme’s external visibility, but it does not replace the course-specific 2023 salary evidence or the current combined Finance Report. Review the QS 2025 Finance ranking scope alongside the employment evidence before assigning financial value to the position.

The position is useful as a visibility signal, while the decision still turns on the unpublished Fall 2027 tuition, verified funding and the limits of the available salary sample. Use the ranking to identify a programme worth investigating, not to infer an employment probability.

Key insight: The #19 Finance position adds discipline-level context, but the cost and outcome evidence should drive the 2027 decision. Verify the target fee and build the budget before relying on ranking value.