Masters Degree in Finance
Program Description
The master of science (M.S.) in finance is designed to provide a quantitative and comprehensive examination of the finance field. Students will advance through corporate finance, investments, and market instruments and institutions. Additionally, students will experience significant exposure to supporting coursework in the closely related fields of accounting and economics. A capstone experience will tie together the major finance topics and expose students to literature, and the analysis thereof, pertinent to the field.
After a comprehensive examination of the field, students may choose their electives to satisfy their specific career goals. Students desiring to take advance certification, such as the CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner), will want to take advanced courses in Investments and Portfolio Management, while students interested in pursuing careers in other fields may want to take Entrepreneurial Finance, Capital Budgeting, International Finance, or similar advanced topics offered by the School of Business.
Business and Management programs are ACBSP accredited.
Program Curriculum
The M.S. in finance requires successful completion of 36 credit hours including 27 required credit hours and 9 credit hours of electives. The following courses are required for the M.S. in finance:
- BUSN 6070 Management Accounting
- FINC 5000 Finance
- FINC 5210 Investments
- FINC 5810 Capital Budgeting and Corporate Investments
- FINC 5830 Institutions and Financial Markets
- FINC 5840 International Finance
- FINC 5880 Advanced Corporate Finance
- FINC 5890 Financial Statement Analysis
- FINC 6290 Financial Strategies
Prerequisites:
- BUSN 5600 Accounting Theory and Practice
- BUSN 5620 Current Economic Analysis
- BUSN 5760 Applied Business Statistics
Note: Program prerequisites are to be completed before beginning coursework for the M.S. in finance for those students who have not completed prerequisite courses (or an appropriate equivalent) within five years of entering the program and having earned a grade of B or better. If the appropriate prerequisite course content was completed longer than five years prior to entering the program, the department will allow a waiver if the student demonstrates their command of the content area by successfully completing a waiver examination. Prerequisite courses may not count as electives in the 36-credit-hour M.S. in finance.
Program Learning Outcomes
1. Students can determine the value of financial assets.
- Students can determine the value of fixed income securities.
- Students can calculate the value of equity securities.
- Students can discuss market functioning and explain the role efficient markets play in security valuation.
- Students can describe the impact of economic conditions on the value of financial assets.
2. Students can analyze the financial decisions of a corporation.
- Students can evaluate capital budgeting decisions using standard methodologies.
- Students can explain the impact of capital structure decisions on financial performance and cost of capital.
- Students can identify agency problems within a corporation and formulate strategies to address them.
- Students can utilize financial analysis to assess an organization's financial condition.
3. Students can measure risk and formulate strategies to reduce it.
- Students can evaluate credit and interest rate risk.
- Students can construct strategies to reduce risk using derivatives.
Course Descriptions
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