The University of North Texas' Department of Finance, Insurance, Real Estate and Law provides unique educational opportunities to enhance your pursuit of a career change or advancement.

Graduate opportunities

We offer coursework leading to a Master of Science degree in Finance, which prepares you to be a financial specialist. Courses also are available that apply toward the Master of Business Administration degree with a concentration in Finance or a Doctor of Philosophy degree in Business with a concentration in Finance.

Classes are taught by faculty members who have extensive academic and industry backgrounds. They conduct research to remain up-to-date on trends and to enrich the classroom experience. Articles written by faculty members have appeared in American Economic Review, Financial Review, Journal of Financial and Quantitative Analysis, Journal of Financial Services Research and Journal of Money, Credit and Banking.

Outstanding support

You will join other students with highly diverse education and work experiences. A significant number are employed full time at corporations in the Dallas-Fort Worth area, one of the nation's most dynamic economic regions.

UNT's G. Brint Ryan College of Business, one of the largest business schools in the nation, is accredited by AACSB International — The Association to Advance Collegiate Schools of Business (777 South Harbour Island Blvd., Suite 750; Tampa, Fla. 33602; telephone 813-769-6500). This distinction means the college meets or exceeds strict academic standards for excellence in education. It also has enjoyed tremendous growth, becoming one of the nation's largest business schools.

The new Business Leadership Building contains 24 classrooms and offices for faculty, staff and doctoral students. Student learning is enhanced with interior and exterior spaces, such as a café, tutor rooms, team study rooms, a state-of-the-art general access computer lab and outdoor terraces.

All College of Business students may use the BLB Trading Room, a state-of-the-art research facility equipped with 12 terminals running Bloomberg Professional software. This gives students access to real-time market data, news and analysis, as well as the opportunity to earn Bloomberg Certification through the self-paced courses available through the terminals.

Attending UNT

Admission requirements

Master's programs

You will need to complete the admission requirements for the Toulouse Graduate School® and provide the following materials to the College of Business:

  • Official GMAT or GRE scores (average GMAT score is 530, average GRE score is 153 verbal/ 154 quantitative
  • A résumé with work and academic experience
  • Three letters of recommendation (signed and dated on letterhead or on the College of Business form)
  • A 600- to 700-word essay about unique events, life experiences and qualifications you feel distinguish your candidacy

More information on these requirements is available on the College of Business website or in the catalog.

Ph.D. program

You must meet the admission requirements of the Toulouse Graduate School® and the following program requirements:

  • Three Doctoral Applicant Evaluation Forms or letters of recommendation from professors or professional colleagues familiar with your academic record
  • An essay stating your reasons for pursuing doctoral study, personal objectives and career plans
  • A résumé or curriculum vitae

Satisfying these criteria does not guarantee admission to the doctoral program. All documents undergo a stringent review process. The director of Ph.D. programs and research will notify you if you have been accepted into the program.

For graduate school requirements and information on possible exceptions, visit the College of Business website or the Graduate School website.

Degree requirements

M.B.A. degree

  • 12 credit hours of background courses (may be waived based on undergraduate business courses)
  • 18 credit hours of M.B.A. core courses
  • 18 credit hours of concentration courses

M.S. degree

  • 18 credit hours of background courses (may be waived based on undergraduate business courses)
  • 15 credit hours of required finance courses
  • 12 credit hours of elective courses (selected from an approved list)
  • 3 credit hours of a capstone course

Contact the Graduate Programs Office at 940-369-8977 for an assessment of your preparation for the master's programs.

Ph.D. degree

  • 18 credit hours of finance doctoral seminars
  • 9 to 12 credit hours in a supporting field
  • Econometrics exit exam required at completion of first year
  • Written and oral comprehensive exams required at end of second year
  • Doctoral dissertation and research is normally completed during the third and fourth years

Course descriptions and more details about degree requirements are available on the Finance, Insurance, Real Estate & Law website. Students who apply for assistantships must complete two semesters of calculus prior to starting the program.

Certification in Finance

Certifications demonstrate a set of knowledge, skills and abilities. While not a program requirement, faculty members recommend earning one or several of the following certifications to enhance your competitive position in the job market:

  • Certified Financial Planner
  • Certified in Financial Management
  • Certified Management Accountant
  • Certified Treasury Professional
  • Chartered Financial Analyst

Financial assistance

Our college and department award several competitive scholarships to help you pursue your education. The award amounts vary based on funding. More information about these scholarships is available at the College of Business scholarships page.

Teaching and research assistantships may be available. For information on availability, contact the department by email or call 940-565-3050. Information about other financial assistance programs is at the Financial Aid website.


John Baen, Professor; Ph.D., Texas A&M University. Oil and gas leases and litigation; urban mineral management; natural disaster impacts on real estate markets.

Anjelita Cadena, Assistant Professor; Ph.D., University of Texas at San Antonio. Real estate markets, valuation and foreclosures.

P.R. Chandrasekaran,, Professor; D.B.A., Texas Tech University. Pedagogic issues on teaching finance; event studies; retirement and social security issues; investment strategies.

Michael Impson, Associate Professor; D.B.A, Louisiana Tech University. Corporate finance decisions, dividend policy, stock splits, capital structure; high-frequency data.

Ian Liu, Associate Professor; Ph.D., Drexel University. Corporate finance and investments.

Yingchun Liu, Assistant Professor; Ph.D., University of Wisconsin-Madison. Real estate investments, mortgage markets and household finance.

Yu-luen Ma, Professor; Ph.D., University of Wisconsin- Madison. Risk management and insurance; insurance telematics; usage-based insurance; insurance company operations; corporate governance for insurers.

Don N. Macdonald, Associate Professor; Ph.D., Texas A&M University. Derivatives pricing.

Tomas Mantecon, Associate Professor; Ph.D., Louisiana State University. Corporate finance decisions, dividend policy, stock splits, capital structure; high-frequency data.

Stephen Poe, Professor; J.D., University of Texas at Austin. Insurance and real estate regulation; real estate investments; corporate ethics.

Nat Pope, Associate Professor; Ph.D., University of Wisconsin-Madison. Demand and regulation of extended warranties; implications of insurer loss-reserving behavior; international property-casualty insurance issues.

Mazhar Siddiqi, Professor; Ph.D., University of Washington. Dividend policy; capital structure; real options.

Niranjan Tripathy, Professor; Ph.D., Texas Tech University. Insider trading; market microstructures; capital issuance process; agency models.

Jianren Xu, Assistant Professor; Ph.D., University of Georgia. Enterprise risk management; insurance markets.