Sep 18, 2024  
Graduate Studies Catalog 2024-2025 
    
Graduate Studies Catalog 2024-2025

Finance


Iordanis Petsas, Graduate Program Director
570-941-7752

The Master of Science in Finance program is designed to provide an opportunity to students to have a well-rounded understanding of finance. Our program will provide students with specialized knowledge of financial securities, financial markets and institutions, foreign exchange markets, risk metrics investment criteria, capital budgeting techniques and hedging strategies. It can also help to prepare students for various professional certifications, such as the Chartered Financial Analyst (CFA) certification and the Certified Financial Planner (CFP). This graduate degree program is housed in the AACSB-accredited Kania School of Management. Students can choose to earn this degree entirely online or on-campus.

This program allows for two specializations: (1) Corporate Finance and Investments, (2) Financial Analytics. The Corporate Finance and Investments specialization allows students to broaden their career opportunities. It emphasizes financial analytical skills which students can take to the workplace in corporate finance, asset management, and investment banking. The Financial Analytics specialization meets the market demands and provides students the option to pursue a deeper understanding in data analysis.

The Program of Study

Courses for this program may be completed on a full-time or part-time basis. With appropriate planning, it may be possible that students can complete the degree in 12 months of full-time study. Students must take eight required courses in the program, two three-credit electives. In addition, students can participate in an optional on-campus residency. The residency normally will take place during the week of the graduation ceremony. The interactive residency includes three days of coursework utilizing Bloomberg terminals located in the Alperin Financial Center.

Student Learning Goals and Objectives

1. Core of Finance Knowledge

Each student will acquire a comprehensive knowledge of the core concepts in Finance.

        Students will demonstrate the ability to comprehend the performance of financial markets and institutions, manage investments, portfolios and the use of 

        derivative securities.

        Students will demonstrate the ability to solve basic valuation, risk, return and optimization problems analytically.

2. Analytical Skills

Each student will be capable of analyzing information to make sound critical financial decisions.

        Students will develop or identify and solve advanced financial problems by integrating the skills learned in the core Finance area.

        Students will evaluate financial data, documents and other market sources to support financial decisions.

        Students will develop the skills to analyze financial statements and market data.

3. Research Skills

Each student will possess the research skills needed to study domestic and global financial issues.

        Students will develop a knowledge of appropriate statistical/econometric techniques to identify and evaluate complex financial issues.

        Students will use appropriate technologies in gathering and analyzing domestic and international (country, market and firm-specific) data relevant to financial

        decision-making.

        Students will write comprehensive research reports or projects, recommending solutions to managers and investors.                                                                      

4. Value System

Each student will be ethical, socially responsible, and just when making financial decisions.

        Students will evaluate financial decisions within an ethical framework.

        Students will critique financial decisions on the basis of social responsibility.

        Students will evaluate financial decisions with regard to their impacts on environmental sustainability.

Application to the Program

  • All applicants must submit the following documents to be considered for acceptance:

  • Application for Admission

  • Statement of Intent;
  • Official transcripts from all schools attended. A bachelor’s degree from a regionally accredited US college of university, or the equivalent from an international college of university, is required. Undergraduate GPA for regular admission is 3.00 (on a 4.00 scale);
  • International Students Only: Proof of English proficiency by submitting TOEFL, STEP or IELTS scores;
  • Two letters of Reference (at least one of these letters must be from a supervisor or other professional reference);
  • Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE) score. The GMAT or GRE requirement may be waived for applicants who possess three or more years of relevant supervisory or professional experience, or possess CFA, CFP or an MBA or doctoral degree in a business-related program from a regionally accredited school. These applicants will be asked to provide a written response to a case depicting a hypothetical business scenario. The exercise is intended to measure the applicants writing and critical thinking skills, facility with numeric data as well as attitudes toward ethics and social-justice issues (case study will be provided during the application process).

Curriculum

Total Program Credits: 30

Corporate Finance and Investments Specialization
Core Courses (24 credits required) Credits
FIN 508 - Financial Management    3
FIN 582 - Advanced Financial Management    3
FIN 583 - Investment Analysis    3
FIN 585 - Derivative Securities    3
FIN 586 - Portfolio Theory    3
FIN 588 - Quantitative Analysis of Finance    3
FIN 590 - Capstone Completion    0
ECO 507 - Managerial Economics    3
MGT 501 - Responsibility, Sustainability & Justice    3
Electives (choose 2 of the following)  
FIN 565 - Fixed Income Theory and Valuation    3
FIN 575 - CFA (Level 1) Body of Knowledge    3
FIN 581 - Financial Institutions    3
FIN 584 - International Finance    3
FIN 587 - Treasury Management    3
ECO 583 - Macroeconomic Analysis: A Global Perspective     3
ACC 527 - Financial Reporting and Research    3
   
Total Program Credits 30

 

Financial Analytics Specialization
Core Courses (24 credits required) Credits
BUAN 571 - Introduction to Business Analytics    3
BUAN 572 - Data Mining    3
FIN 508 - Financial Management    3
FIN 582 - Advanced Financial Management    3
FIN 583 - Investment Analysis    3
FIN 585 - Derivative Securities    3
FIN 586 - Portfolio Theory    3
FIN 588 - Quantitative Analysis of Finance    3
FIN 590 - Capstone Completion    0
Electives (choose any 2 courses below)  
BUAN 573 - Business Analytics Using R    3
BUAN 574 - Business Forecasting Models    3
BUAN 575 - Business Simulation    3
BUAN 576 - Business Database Management Systems    3
BUAN 577 - Data Visualization    3
BUAN 588 - Business Analytics Using Python    3
   
Total Program Credits 30