Chicago Booth Launches New Master in Finance for 2024

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The University of Chicago Booth School of Business has launched a new Master in Finance program, welcoming its first cohort in fall 2024. Designed to combine students' quantitative backgrounds with business fundamentals, the program offers flexible length options of 15 months (standard) or 10 months (accelerated), providing in-depth training across four specializations: asset management, investment banking, fintech, and financial research. The curriculum includes 4 core courses and 9 electives, integrating MBA-level courses, a two-week Boothcamp, and career success guidance to build analytical skills and professional competitiveness for top financial institutions.

For prospective applicants, CheersYou(清柚教育) reminds you to pay close attention to the application timeline: the Round 1 deadline is January 25, 2024. Applicants must submit GMAT or GRE scores (waiver available for UChicago undergraduates), and meet English proficiency requirements of TOEFL 104 or IELTS 7.0, with advanced quantitative coursework in linear algebra, statistics, and Python strongly recommended. Leveraging Chicago's status as a global financial hub and a robust alumni network, graduates enjoy vast opportunities in hedge funds, investment banking, fintech, and other fields—an ideal choice for those pursuing quantitative finance careers.

The University of Chicago Booth School of Business has established a new Master in Finance (MS in Finance).

 

 

It will welcome its first cohort of students in fall 2024, and the first round of applications will close on January 25.

 

CheersYou(清柚教育) brings the latest news about this program!

 

 

Program Introduction

 

This program combines students' quantitative backgrounds with business fundamentals, preparing them for careers in the financial industry. It is a quantitatively focused program built on a foundation of analytical skills.

 

For students seeking opportunities in asset management, investment banking, fintech, research, or other finance-related fields, this master's program offers comprehensive learning.

 

 

Program Duration

 

Choose between the 15-month standard track or the 10-month accelerated track, with a total of 13 courses.

 

 

Curriculum

 

  • Core courses: 4 courses

  • Electives: 9 courses (5 finance electives, 4 from the MBA program at Booth)

  • Students choose one of four specializations: Asset Management, Investment Banking, Fintech, or Financial Research

  • A two-week Boothcamp starting in mid-August, before the official start of the master's program

  • A 10-week "Succeeding in the Workplace" course, starting during Boothcamp and continuing through the fall quarter

 

 

Application Requirements

 

Application Deadlines

 

  • Round 1: Deadline January 25, 2024; decisions released the week of March 4, 2024

  • Round 2: Deadline March 29, 2024; decisions released April 29, 2024

 

 

Application Materials

 

  • Letters of recommendation

  • Essays

  • Interview

  • Prerequisite coursework: While there are no specific required courses, applicants are advised to take advanced quantitative courses and gain exposure to coding, e.g., linear algebra, statistics, multivariable calculus, Python, C++

  • GMAT or GRE scores required (waiver only for University of Chicago students)

  • TOEFL: minimum total score 104, with no subsection below 26; IELTS: minimum overall score 7.0, with no band below 7.0

 

 

Career Prospects

 

Graduates can pursue careers in fields such as hedge funds, insurance companies, pension funds, endowments, investment banking, fintech, research, or other finance-related areas, opening doors to a world of outstanding opportunities.

 

Chicago is a global hub for finance, financial professionals, and institutions, with a robust fintech ecosystem. The city's diverse financial landscape includes everything from traditional banks and insurance companies to commodity trading firms and fintech startups. These factors provide students with ample opportunities and resources to build thriving careers.