Master of Science in Finance

Degree Requirements

At least 36 hours of management course work beyond prerequisite courses is required, including 12 hours of basic business core courses and 24 hours of graduate finance courses.  The M.S. is Finance is designed for students with or without previous educational background in finance.  Candidates in the M.S. in Finance choose one of four concentrations: Financial Analysis, Financial Management, Financial Risk Management, and Financial Engineering.  The Financial Analysis concentration is designed for students interested in pursuing a career as a financial analyst and completing the Chartered Financial Analyst (CFA) examinations.  The Financial Management concentration allows students to tailor their course work for careers in a range of activities: e.g., corporate finance, investment banking, venture capital, private equity, commercial banking, insurance, etc.  The Financial Risk Management concentration is designed for students interested in a career in financial risk management and one of the financial risk management certifications. The Financial Engineering concentration is designed for students with the quantitative ability to pursue a career applying quantitative methods to investment and risk management problems. Because several of these concentrations designed to best prepare students for certain certifications, students are recommended to complete all the course work in a particular concentration in order to prepare for its associated certification.  

Prerequisites

Calculus, basic statistics, and competence in personal computing are required as prerequisites. Candidates that have not taken equivalent courses will need to take MATH 5304 to meet the calculus requirement; OPRE 6301 to complete the basic statistics requirement, and BA 3351 to complete the personal computing requirement. 

Basic Core Courses (12 credit hours)

All students enrolling in the Master of Science in Finance program must complete the following Basic Business Core courses, or their equivalents.  Please see the catalog for further prerequisite information.

AIM 6205          Accounting for Managers

MECO 6303      Business Economics 

FIN 6301           Financial Management

FIN 6306           Quantitative Methods in Finance

Concentrations:

Financial Analysis (CFA) Concentration (24 hours):

 

AIM 6344 Financial Statement Analysis

FIN 6308 Regulation of business and financial markets

FIN 6310 Investment Management

FIN 6314 Fixed income securities and their derivatives

FIN 6320 Financial markets and institutions or FIN 6330 Behavioral Finance

FIN 6350 Advanced Financial Management

FIN 6350 Options and Futures Markets

FIN 6364 Advanced Investment Management or FIN 6370 Theory of Finance or FIN 6380 Practicum in Finance

Financial Management Concentration (24 hours):

Students must complete eight courses; of which at least one course must come from category A and five must come from category B. 

Category A:

AIM 6330: Intermediate Financial Accounting I

AIM 6332: Intermediate Financial Accounting II

AIM 6341: Planning, Control and Performance Evaluation

AIM 6342: Strategic Cost Management

AIM 6344: Financial Statement Analysis

AIM 6345: Business Valuation

AIM 6346: Financial Dimensions of Mergers and Acquisitions

AIM 6351: Individual Taxation

AIM 6352: Corporate Taxation

AIM 6380: Internal Audit

Category B:

FIN 6308: Regulation of Business and Financial Markets

FIN 6310: Investment Management

FIN 6314: Fixed Income Securities and their Derivatives

FIN 6315: Entrepreneurial Finance

FIN 6316: Private Equity Finance

FIN 6320: Financial Markets and Institutions

FIN 6330: Behavioral Finance

FIN 6340: Management of Financial Institutions

FIN 6350: Advanced Financial Management

FIN 6355: Corporate Finance and Policy

FIN 6360: Options and Futures Markets

FIN 6364: Advanced Investment Management

FIN 6366: International Financial Management

FIN 6370: The Theory of Finance and Its Applications

FIN 6382: Introductory Mathematical Finance

FIN 6384: Financial Asset Pricing and Engineering

Financial Risk Management (FRM) Concentration (24 hours):

FIN 6310 Investment Management

FIN 6314 Fixed income securities and their derivatives

FIN 6320 Financial Markets and Institutions

FIN 6340 Management of Financial Institutions or OPRE 6335 Risk and Decision Analysis

FIN 6360 Options and Futures Markets

FIN 6370 Theory of Finance

FIN 6384: Financial Asset Pricing and Engineering

ECO 6311 Statistics for Economists or MECO 6315 Approaches to Statistical Inference

Financial Engineering Concentration (24 hours):

FIN 6310 Investment Management

FIN 6314 Fixed income securities and their derivatives

FIN 6360 Options and Futures Markets

FIN 6370 Theory of Finance

FIN 6382 Introductory Mathematical Finance

FIN 6384: Financial Asset Pricing and Engineering

ECO 6311 Statistics for Economists or MECO 6315 Approaches to Statistical Inference

MECO 6312 Applied Econometrics and Times Series Analysis or MECO 6320 Econometrics