Duke University

Overview

The Master of Science track in Finance and Economics at Duke University offers a comprehensive education that merges advanced finance principles with a solid foundation in economics and statistics. This program is designed to equip students with essential skills in empirical methods, asset pricing, and time-series modeling, while allowing for customization of elective courses based on individual academic interests and career goals.

What you'll study

The program structure integrates core statistical courses with a variety of advanced electives in finance and economics. Students will typically complete required coursework before selecting additional courses, often in consultation with their academic advisor to ensure alignment with their aspirations.

Core and track coursework

• Forecasting Financial Markets
• Financial Markets and Investments
• Causal Inference
• Statistical Decision Theory
• Time Series and Dynamic Models
• Empirical Asset Pricing
• Theoretical Asset Pricing

Electives and tailoring

Students have the opportunity to choose from a range of graduate-level electives offered by relevant departments, including economics and the Fuqua School of Business. Elective selection is typically done with advisor guidance to ensure prerequisites are met and academic objectives are supported.

Capstone / thesis

Depending on the student’s academic plan and departmental requirements, some MS tracks may include a capstone project or thesis component. It is advisable to confirm the specific culminating requirements with the program office.

Entry requirements

• Academic background: A bachelor’s degree in engineering or science from an accredited institution is required, along with transcripts that reflect an estimated GPA and grading scale.
• Standardized tests: GRE (or an equivalent test) results are mandatory.
• English proficiency: Official results from TOEFL iBT or IELTS are required for non-native speakers.
• Statement of Purpose
• Resume
• Recommendations: Three letters of recommendation are necessary.
• Interview: An interview and/or video introduction may be part of the selection process.
• Application fee: A nonrefundable application fee is required at the time of submission.

Note: Specific GPA and test score requirements may vary by applicant profile. It is recommended to check with Duke’s admissions office for the most current information and any potential test waivers.

Career prospects

Graduates of the Finance and Economics MS track are well-prepared for a variety of careers in finance, consulting, and economic analysis. With a strong analytical foundation and specialized knowledge, they often find opportunities in investment banking, asset management, policy analysis, and financial consulting, among other fields. The program's emphasis on empirical methods and decision-making prepares students to excel in dynamic and competitive environments.