Academic Programs

Master of Science, Finance (MS-FI)

The MS-Finance curriculum is designed to provide graduates with advanced knowledge of master’s-level finance, including particular expertise in their area of specialization (chosen from Corporation Finance, Investments, or Financial Institutions and Markets).  The primary emphasis of the program is to provide students with the theoretical, analytical, and technical skills necessary to examine particular financial situations, formulate alternative plans for action, and develop policy initiatives.  The program prepares graduates to understand the context for issues encountered in the rapidly evolving domestic and international financial environment.  Quantitative and analytical course requirements in the areas of optimization techniques, computer modeling, and statistical methodology complement the finance course requirements.

Regulations for the Degree

  I. All Master of Science students will complete the Business Communication Skills Requirement explained earlier in this chapter.  The regulations, policies, and procedures given in the “Master’s Enrollment” and “Master’s Programs” sections of this chapter apply to the M.S.-Finance program. A maximum of six hours of transfer credit is permitted in this program only if 12 hours are taken in section B below; otherwise a maximum of three hours of transfer credit is permitted

II. Course Requirements. The course requirements for the degree of Master of Science with a major in finance and the format of the program follow. Consult the Course Descriptions for a listing of the prerequisites for each course.

A. Foundation Courses. The courses in this list are in addition to the 27-30 semester hours required for the degree. They are assigned as part of the admissions process based on a review of each student's transcripts. They can be exempted if equivalent course work has been previously completed with grades of C or higher.

Accounting: MBA 8025 or financial and managerial accounting principles and corporate finance principles (Acct 2101, Acct 2102 and Fi 3300).
Behavioral Science: Management principles (Mgs 3400) or marketing principles (Mk 3010).
Economics: MBA 7035 Economics for Managers or both macroeconomic principles (Econ 2105) and microeconomic principles (Econ 2106).
Mathematics: College algebra (Math 1111) and calculus (Math 1220).
Statistics: MBA 7025 or Math 1070.

B. Required Major/Technical Support Courses (9-12 hours). These courses must be completed during the first 18 hours of 8000-level course work in the M.S./Fi program.

MGS 8020 Business Intelligence (3) (or MBA 8025 Financial Statement Analysis (3) subject to approval by the MS faculty advisor)
MGS 8150 Business Modeling (3)
MGS 8110 Applied Regression Analysis (3)
MBA 8135 Corporate Finance

MBA 8135 may be exempted (with replacement) if Fi 3300, Fi 4300, and Fi 4320 or their equivalents have been completed with grades of C or higher at the time of admission..

C. Specializations (18 - 21 hours). Students not exempting MBA 8135 are required to take 18 hours of Fi-prefixed courses; 21 hours if exempting MBA 8135. These courses consist of the following:

(i) All M.S.-Finance students are required to take the following course:
Fi 8000 Valuation of Financial Assets (3)

(ii) All students are also required to take a minimum of nine (9) semester hours within a chosen finance specialization. Three areas of specialization are shown below along with various courses considered appropriate for each area that students may select from.

(iii) In addition to Fi 8000 (3 hours) and the 3 courses (9 hours) comprising the chosen finance specialization, students must select an additional six to nine semester hours of any other Fi-prefixed courses (6 hours if MBA 8135 is not exempted; 9 hours otherwise).

Corporate Finance
Fi 8040 Survey of International Finance (3)

Fi 8200 Derivative Markets I (3)
Fi 8300 Advanced Corporate Finance (3)
Fi 8320 Cases and Readings in Corporate Finance (3)
Fi 8350 Corporate Restructuring and Workouts (3)
Fi 8360 Special Topics in Corporate Finance (3) *

* May be taken multiple times for different topics.

Investments
Fi 8020 Financial Analysis and Loan Structuring (3)
Fi 8200 Derivative Markets I (3)
Fi 8240 Global Portfolio Management (3)
Fi 8260 Hedgefunds and Their Trading Strategies (3)
Fi 8310 Investment Banking (3)

Financial Institutions and Capital Markets
Fi 8020 Financial Analysis and Loan Structuring (3)
Fi 8040 Survey of International Finance (3)
Fi 8260 Hedgefunds and Their Trading Strategies (3)
Fi 8400 Financial Management of Depository Financial Services Firms(3)
Fi 8420 The Financial System (3)
Fi 8440 Finance and Banking in the Global Economy (3)

The department encourages all students pursuing the M.S. degree with a major in finance to take Fi 8000 early in their program as it is a prerequisite for all electives except Fi 8020 and Fi 8040. Fi 8000 is designed so that it may be taken concurrently with MBA 8135 to provide students greater scheduling flexibility.

III. Program of Study. Each student’s program of study must be planned in consultation with the M.S.-Finance faculty adviser prior to the completion of the first semester of enrollment. A copy of the program will be filed with the Office of Graduate Admissions and Student Services (GASS) for review and approval.

Progress toward the degree, including clearance for graduation, cannot be confirmed without an approved program of study. Any changes in the program must be approved by the faculty adviser and a copy of the changes sent to GASS. Students always must consult the Course Descriptions chapter of this catalog to determine if they have met the prerequisites for any course to be taken..

Students always must consult the Course Descriptions to determine if they have met the prerequisites for any course to be taken.

IV.Time Limit. The time limit for completing the M.S./Fi. program is five years from the first semester a course in section B or C (above) is taken.

For more information please contact the MS Finance Advisor.

Professor Milind Shrikhande - 1223 RCB - 404.413.7334

 

 


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