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Master of Science in Finance
Master of Science in Finance (full-time)

To become a financial leader, understanding how money and markets interact is only the beginning. With the Master of Science in Finance and the STEM-designated concentration in financial econometrics, harness financial econometrics for innovative business solutions.
Gain the computational, statistical, and econometric skills for strategic financial decision making. The Master of Science in Finance program with a STEM-designated concentration in financial econometrics provides a strong theoretical and practical foundation in the analysis of complex financial instruments, portfolio allocation, risk management, corporate finance and company valuation. With a significant portion of the curriculum dedicated to the CFA Institute’s Candidate Body of Knowledge, become an expert in your field while preparing for your CFA exams.
Program Details





Financial Aid & Scholarships
Program Features
Financial econometrics
Build quantitative skills and learn the role of computational, statistical, and econometric techniques in financial decision-making with our specialized curriculum in financial econometrics.
STEM-designated curriculum
The STEM-designated Master of Science in Finance program provides you with strong critical thinking and problem-solving skills that today’s employers demand. The STEM designation offers an Optional Practical Training STEM Extension benefit.
Choose between the 12- or 15-month program
Complete your full-time finance degree in 12 months or 15 months. The 12-month program is ideal for those looking to gain a degree in one year to enter the workforce right away. The 15-month program provides students with the opportunity to gain practical experience in the summer term, rather than taking Carey courses.
Preparation for the CFA exam
A significant portion of the curriculum is dedicated to the CFA Institute’s Candidate Body of Knowledge, preparing you to sit for the CFA exams.
Johns Hopkins in D.C.
Carey Business School’s new Washington, D.C. location at 555 Pennsylvania Ave. NW is designed for the academic needs of today and the future. This state-of-the-art Johns Hopkins location creates new opportunities for research, education, and public engagements, giving you the powerful combination of the distinctive Hopkins advantage in the heart of Washington, D.C.
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- 720 average GMAT (10th Edition)
- 333 average GRE
- 41% female / 59% male
- 3.52 average undergraduate GPA
- < 1 average years of full-time work experience
- 4 countries represented
- 23 average age
Investing in a Johns Hopkins Master’s in Finance paid off for Nnadozie Ekeocha (MSF ’18).
Interested in a part-time option?
Earn your part-time Master of Science in Finance degree and advance your finance career. The flexible, online format allows you to tailor your schedule to your personal and professional obligations, while having the same access to experiential learning, student organizations, and networking opportunities as our in-person programs.
Choose to complete your program in 15-months
The 15-month Master of Science in Finance program is ideal for students who plan to use their summer to gain practical experience. These practical experiences can include internships, consulting projects, or full-time employment. The 15-month program has the same curriculum as the 12-month but there is a lighter course load per term. This increases the capacity to attend co-curriculars throughout the academic year. Visit our FAQ page to learn more about the 15-month MS in Finance program.
Curriculum
At Johns Hopkins Carey Business School, we equip our students with the quantitative and leadership skills to analyze data, learn from it, and impact the long-term sustainability of businesses around the world. The Master of Science in Finance program gives you the entrepreneurial capacity to understand local investment environments and global financial markets. You can apply to complete your degree at either of our locations in Baltimore or Washington, D.C.
The latest edition of the Carey Business School University Catalog is available.
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Required courses (26 credits)
Business foundations (6 credits)
- BU.120.601 Business Communication
- BU.131.601 Business Leadership and Human Values
- BU.510.601 Statistical Analysis
Functional core (12 credits):
- BU.210.620 Accounting and Financial Reporting
- BU.231.620 Corporate Finance
- BU.232.710 Derivatives
- BU.230.620 Financial Modeling and Valuation
- BU.232.720 Fixed Income
- BU.232.701 Investments
STEM courses (8 credits):
- BU.232.610 Computational Finance
- BU.232.640 Empirical Finance
- BU.232.620 Linear Econometrics for Finance
- BU.232.630 Non-Linear Econometrics for Finance
Electives (8 credits):
Students choose four courses from the following:
- BU.231.790 Advanced Corporate Finance
- BU.232.790 Advanced Hedge Fund Strategies
- BU.232.750 Advanced Portfolio Management
- BU.520.710 Big Data Machine Learning
- BU.220.620 Business Microeconomics
- BU.232.650 Continuous Time Finance
- BU.231.720 Corporate Governance
- BU.232.770 Cryptos and Blockchain
- BU.232.725 Emerging Markets
- BU.233.730 Entrepreneurial Finance
- BU.230.750 Financial Crises and Contagion
- BU.231.710 Financial Institutions
- BU.232.715 Financial Stability
- BU.210.650 Financial Statement Analysis
- BU.220.610 The Firm and the Macroeconomy
- BU.230.730 Managing Financial Risk
- BU.231.740 Mergers and Acquisitions
- BU.232.760 Private Equity
- BU.232.780 The Student Managed Investment Fund
- BU.232.730 Wealth Management
- Free Carey Elective
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Our finance program is at the forefront of AI-driven transformations in finance, preparing you for the future by integrating cutting-edge AI tools into the coursework. Carey’s faculty have introduced Retrieval-Augmented Generation (RAG) and Agentic AI into required and elective courses, allowing students to leverage these technologies in their final projects and ensuring they develop the technical and analytical expertise to navigate the evolving financial landscape. Student feedback highlights AI’s critical role in financial analysis, noting these tools enhance data extraction and organization, significantly improving work efficiency.
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The Student Managed Investment Fund course, funded through generous donations, offers students the opportunity to learn real-world investment management techniques through hands-on experiences managing real assets. Students work collaboratively in small teams to carry out investment research, make trade recommendations, and execute trades approved by their student-run investment committee.
The course approaches investment management from a practitioner’s perspective, covering both necessary quantitative tools and qualitative decision-making processes. Students will review the theoretical foundation of investments, practical applications in managing investment portfolios, and ethical decision-making practices. This advanced experiential learning program helps students acquire “job-ready” skills for the investment management industry.
Contact CareyMSFinance@jhu.edu with questions.
Program comparison
- In-person classes
- Courses held in Washington, D.C. or Baltimore, MD
- STEM-designated curriculum
- Complete your degree in 12 or 15 months
- Online, flexible format
- Asynchronous and/or fully synchronous courses
- Portion of the curriculum is dedicated to the CFA Institute’s Candidate Body of Knowledge
- Complete your degree in two years
Signature experiences
Your business education doesn’t end in the classroom. Step out of your comfort zone as you partner with students across Johns Hopkins and businesses to take your learning to the next level.
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Program graduates are working in a variety of industries including investment analysis and portfolio management. Here are just a few organizations where alumni are making an impact.
Companies (sample):
- Deloitte
- Ernst & Young
- Exelon Corporation
- Geico
- Huawei
- Johns Hopkins University
- Johnson & Johnson
- Legg Mason
- Morgan Stanley
- PriceWaterhouseCoopers (PwC)
- Robert Half
- United Nations
- Wells Fargo
Titles (sample):
- Accountant
- Business analyst
- Business development
- Chief financial officer
- Consultant
- Corporate finance manager
- Credit analyst
- Financial advisor
- Financial analyst
- Global market officer
- Macroeconomic analyst
- Portfolio analyst
- Senior risk advisor
Attend an event
Carey Business School hosts various virtual admissions events for prospective students to meet with members of our admissions team. With virtual visits, informational online sessions, and regional and international events, the Carey team is ready to answer questions and support your business school journey.
Connect with a Carey student or alumni
Our students come from all over the world and represent all of Carey’s unique programs. Connect with one of them directly to learn more about life at Carey.
TSI Conferences and Events
Conferences and Events

Technology and Society Initiative
Upcoming events
The following events feature faculty affiliated with the Johns Hopkins Carey Business School Technology and Society Initiative
Check back for future events
Recent events
Eighth Annual NABE Tech Economics Conference & Industry Job Fair: Tec24: Economics in the Age of Algorithms, Experiments, and AI
Julia Levine, Michael Luca, Ozge Sahin, Colleen Stuart
EmTech 2024
Michael Luca
TSI Roundtable: Technology and Cities
December 3, 2024
Recent technological advances offer cities new opportunities to enhance services, improve quality of life, and strengthen communities. Universities play a role in advancing these efforts by conducting policy relevant research, bridging research and practice, and collaborating with local governments to develop a toolkit for leveraging for the social good. The JHU Carey Technology and Society Initiative has been active in this area, partnering with companies and governments.
On December 3, the Tech and Society Initiative hosted a roundtable discussion exploring the intersection of analytics, technology, and cities. Following opening remarks by Lindsey Parker, chief of staff to DC Mayor Muriel Bowser, the conversation explored paths to leverage technology to improve city life.
TSI Roundtable: Assessing Privacy Regulations
November 19, 2024
Johns Hopkins University Bloomberg Center, 555 Pennsylvania Ave. NW, Washington, D.C. 20001
Johns Hopkins University Bloomberg Center, 555 Pennsylvania Ave. NW, Washington, D.C. 20001 As the scope and scale of data collection continue to increase, policymakers around the globe are exploring ways to balance companies’ desire to leverage consumer data with the desire of customers to understand and influence whether and how their data is being used. On November 19, the Tech and Society Initiative hosted a roundtable discussion on privacy regulations. Following opening remarks by Devesh Raval, the Deputy Director for Consumer Protection, Federal Trade Commission (FTC), and Nellie Lew, the Assistant Director for Consumer Protection, FTC on the current landscape, there was a roundtable discussion on the tradeoffs involved in different approaches to corporate and government approaches to privacy policy.
On October 8, the Tech and Society Initiative hosted a roundtable discussion on platform regulation. Following presentations by Kush Amlani, Global Competition & Regulatory Counsel at Mozilla, and Gemma Petrie, Principal Researcher at Mozilla, there was a roundtable discussion exploring potential strategies to assess and inform platform regulation.
TSI Roundtable: The Evolving Platform Regulation Landscape
October 8, 2024
Johns Hopkins University Bloomberg Center, 555 Pennsylvania Ave. NW, Washington, D.C. 20001
Major platforms continue to shape our digital experiences as a growing share of the economy moves online. In this evolving landscape, it is critical for business leaders and policymakers to assess the societal impact of platforms. This offers opportunities for platforms to create more human-centered products. Thoughtful regulation can also play a crucial role in fostering a vibrant tech ecosystem that prioritizes consumer protection, competition, and innovation.
On October 8, the Tech and Society Initiative hosted a roundtable discussion on platform regulation. Following presentations by Kush Amlani, Global Competition & Regulatory Counsel at Mozilla, and Gemma Petrie, Principal Researcher at Mozilla, there was a roundtable discussion exploring potential strategies to assess and inform platform regulation.
Panel on the Regulation of Privacy in the U.S.
September 17, 2024 | 4 - 5:30 p.m.
Johns Hopkins University Bloomberg Center, 555 Pennsylvania Ave. NW, Washington, D.C. 20001
Companies now collect, analyze, repackage, and sell extraordinary amounts of data on customers. For instance, companies now track and sell data ranging from person-level records of smart phone locations over time to what people search for online. While this offers the promise of data-driven decisions, new products, and targeted advertisements, it also heightens concerns about privacy.
Business leaders, policymakers, and researchers alike are grappling with how and when to thoughtfully approach issues of data and privacy.
On September 17, Professor Itay Fainmesser (Carey) moderated a discussion with Alessandro Bonatti (MIT), Laura Brandimorte (University of Arizona), Alejandro Rosenberg (Federal Trade Commission), and Daniel Sokol (University of Southern California) on the economics of privacy, including a discussion of recent research on privacy, as well as current and upcoming federal and states' regulations.
Courses
Three-day Executive Education course:
Leveraging AI for Business Success
January 16 - 18, 2025 | 9 a.m. - 4 p.m.
Johns Hopkins University Bloomberg center, 555 Pennsylvania ave. NW, Washington, D.C. 20001
Join this three-day executive program to learn how artificial intelligence is transforming business, and how to leverage it in your company.
Artificial intelligence and machine learning are transforming business and society at an unprecedented rate. As these technologies become central to our lives and the business ecosystem, leaders must be equipped to navigate and leverage their potential. This program is designed to help you do just that, demystifying AI and its applications.
Who should attend? This program is tailored for managers and leaders across sectors—including finance, health care, retail, and manufacturing—and functions such as product management, research and development, sales, marketing, and talent management. No prior technical knowledge is required.
What will you learn?
- Understanding AI/ML: Gain a comprehensive overview of AI and ML technologies, including predictive models and Generative AI (GenAI), and learn how they can drive business efficiency and growth.
- Becoming AI-ready: Learn how to make your organization AI-ready, including the internal structural and functional changes needed to integrate AI effectively.
- Practical applications: Explore successful AI applications and real world case studies in different industries and how they can be adapted to your organization’s needs.
- Simulations and hands-on experience: Engage with AI capabilities through interactive simulations to see real-world applications in action.
- Ethical and risk considerations: Delve into the ethical implications and risks associated with AI, and learn best practices for designing responsible AI solutions.
Why attend? This program will provide you with actionable insights and practical tools to harness AI/ML for strategic advantage. You'll come away with the knowledge to lead your team through the AI revolution, ensuring your organization not only adapts but thrives in the evolving landscape.
Deal Me In: Study on Business Cards Shows How Business Relationships Develop
Stacey Lee, JD
Carey Business School makes prestigious list of “Schools to Watch” in 2024
Student employment
Student employment

Questions?
About
Work and Study.
Carey Business School provides assistance for full-time students seeking casual or part-time positions within the school.
To review positions and apply, visit SMILE.

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Casual or part-time positions are available to full-time students carrying a full-time course load of 9 credits or more per semester. Students must possess an excellent academic record and maintain a professional working relationship with faculty, students, and administrative staff. Student workers are permitted to work a maximum of 20 hours per week combined and may not have more than two positions at one time.
Johns Hopkins payroll will process all student paychecks and maintains student employment records and supporting documents.
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Complete Required Paperwork.
Once a student is selected for a campus employment role, they cannot begin work until they have completed all required employment paperwork, including the I-9.
Once selected for a role, instructions will be sent to the student for completion. Required documents include:
- FNIF Form (international students only)
- New Hire Form
- Family Educational Rights and Privacy Act
- Student Confidentiality Agreement
- I-9
Work hours
Full-time students may work no more than 20 hours per week during periods of enrollment. You can only work 20 hours in one week combined during all jobs. A student may not have more than two positions at one time.
During periods of non-enrollment, (i.e., summer, winter vacation, and intersession), student employees may work up to 40 hours per week. Please note: Student may not work more than 20hrs until the week following the Final examination period.
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Employee self service
It is important to update your tax and direct deposit forms in Employee Self Service once your information has been entered into the payroll system. You will be notified by carey.payroll@jhu.edu, when your information is entered into the system. Then you should have access to ESS within 3-5 business days from then.
Using ESS, you will be able to:
- View/Update your tax withholdings for Federal and MD State (depending on where you live)
- View/Update your permanent address
- View your personal data
- View/Print/Save your pay statements which are only available while an active employee in SAP and only for up to 3 years
Tax Forms
If you have questions about filing out the form or your tax withholdings, you can contact the University Tax office at office at 443-997-8688 or Tax@jhu.edu.
Direct deposit takes 1-2 pay periods before going into effect. Your first two checks will be mailed to your home address we have on file from your paperwork.
Timesheet
The Payroll Specialist will set up an online timesheet for you to keep track of your hours worked.
Timesheets are due a few days before the pay period. Please view the schedule for submission and approval cutoff dates.
If you have any questions in regards to your timesheet or any payroll issues regarding your checks, please contact the payroll office at carey.payroll@jhu.edu.
Payment
You are paid the 15th and end of the month. Payments are made in arrears: so time worked between the 1st and the 15th of the month will be paid on the last day of the month. Please note your first pay check will be issued the second cycle after your start date.
Your W-2
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Some students may be offered an opportunity to continue working as a causal employee after graduation. The hiring manager for the position must make arrangements with HR to retain a graduating student employee by April 1. Transition from student worker to casual staff and all necessary documentation must be completed within 3 days of graduation. International and visa restrictions apply. Students transferring to casual status must meet with the HR to re-verify Form I-9.
Design Leadership: How to apply
How to apply: Design Leadership MA/MBA

Admissions
Application requirements for Carey Business School's Design Leadership MA/MBA program
The Summer 2025 application is now open.
We can’t wait for you to join our vibrant learning community and to build for what’s next together.
Please review the instructions below to prepare your application.
Apply today
Your application checklist
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Begin and manage your application by creating your username and password on the Johns Hopkins University-wide platform.
- Choose “Carey Business School” as your school of choice.
- You are able to begin your application, save it, and return to finish it at a later time by logging in at your convenience.
- Your application will not be evaluated until you submit it and all supporting materials are received.
- Use Google Chrome for the best user experience while completing your application.
All official documents for the Design Leadership MA/MBA that need to be mailed (transcripts, credential evaluations, and official test scores) should be sent to:
Office of Admissions
Johns Hopkins Carey Business School
100 International Drive
Baltimore, MD 21202
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We understand the challenges some applicants are facing in completing their applications. As such, we will work with you individually to ensure your application is complete. Please reach out to an admissions officer for assistance.
Summer 2025 Application Deadlines
Deadlines Round 1 Round 2 Round 3 Candidate deadline February 5, 2025 March 5, 2025 April 9, 2025 Decision release March 19, 2025 April 16, 2025 May 21, 2025 Deposit deadline April 23, 2025 May 21, 2025 June 25, 2025
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The Design Leadership MA/MBA requires applicants to upload two unique essays through the Carey Business School online application:
- A. Why are you a strong candidate for the Design Leadership MBA/MA degree program? What makes this degree a good fit for you? How will you make a unique contribution to the Carey Business School and MICA communities? (500 words)
- Please answer either essay question B1 or B2. (500 words)
- B1. Describe your most significant success or failure. Please include the situation, attributions related to it and what you learned from it.
- B2. Describe a time your ethics were challenged. How did you address the situation and what did you learn?
Be sure your statements capture who you are, what you believe, and what you aspire to do. In addition:
- Use a 12-point font and double space your document
- Indicate which question you are answering at the beginning of each essay
- Do not mail paper copies of your essay to Admissions
- Upload all required essays
- Essays should be 300-500 words
You will also have the optional opportunity to provide any additional clarifying information that you wish to share with the Admissions committee regarding your academic record, personal history, or professional attributes.
READ: Choosing a strong reference for your graduate business school application
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Official transcripts from all U.S. schools must be sent electronically. All U.S. transcripts must be from an accredited institution recognized by the Department of Education. Please visit your school’s website to request an official transcript be sent electronically to carey.admissions.transcripts@jhu.edu.
We require transcripts from all institutions where you have attempted more than 15 credits. Final transcripts must show the degrees you have earned. Your admission decision may be delayed if you do not send transcripts from all colleges/universities attended.
If your school does not participate in an electronic transcript submission system, send official sealed transcripts to the address below:
Office of Admissions
Johns Hopkins Carey Business School
100 International Drive
Baltimore, MD 21202
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We require a resume or a CV. Please be sure to have your resume or CV fully updated, and include both the months and years of your various work experiences as strong career experience is preferred.
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Who should write your letter of recommendation? We suggest someone who knows you personally and who can speak directly about your strengths and experience. Do not focus on the person in your company at the highest level.
Be sure that you have been in their class, have reported to them directly, and/or you have shared your interest in graduate school with them.
- Please use your recommender’s work email address rather than a personal account like Gmail, which will be more closely monitored in our credential verification process.
- Recommendations from relatives and friends are strongly discouraged.
- One recommendation is required. We will read up to two.
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Applicants to the Design Leadership MA/MBA program are not required to take the GMAT or the GRE. However, if you would like to submit a GMAT or GRE test score to enrich your application, you are welcome to do so within the application. We accept scores from both the GMAT and the GRE that are up to five years old and do not have a preference for either test. Be sure to do your research on which exam is best for you. Have your scores sent directly to Carey Business School.
Johns Hopkins Carey Business School Codes:
- GMAT - KGB-B0-98
- GRE – 0834For more information, use the links below.
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A $100 nonrefundable application fee is due when you submit your online application.
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Please review the application requirements for international applicants here:
https://carey.jhu.edu/admissions/international-applicants
Admissions policies
Work experience is not required in order to be accepted into the program. However, work experience may be required to be eligible for a GRE or GMAT exam waiver.
You can only apply to one specialty master’s program at a time.
Candidates cannot apply for more than one program in a single round. If offered admission, you must accept or decline by the deadline for that round. You cannot wait to make a decision on a first offer while applying for another program in the next round.
Applicants to the full-time MS in Finance and MS in Marketing programs have the option to select Baltimore or Washington, DC as their preferred Carey location. We try our best to admit candidates to their preferred location, but do not guarantee it. Space in Washington, DC is limited and often fills following round two.
Admission to other schools in the University
Each school at Johns Hopkins University has an independent Office of Admissions and its own application process. You must apply separately to programs housed within separate schools, although some established dual degree programs only require a single application. If you are interested in a dual degree program, please visit our dual degree page for special instructions on how to apply.
Current Carey Business School students who wish to enter a degree program at one of the other schools in the university must submit an admission application to that school. Admission to the Carey Business School establishes no claim or priority for admission to any other school in the university.
Questions?
Contact the Admissions team if you have additional questions or need more information to complete your Carey Business School application.