The MS Finance degree plan includes courses in finance, business fundamentals and ethics, and 18 credits dedicated to your selected specialization or customized concentration.

Daniels Compass Courses | 8 Credit Hours

BUS 4610 The Essence of Enterprise | 4 Credit Hours

Today's business environment is increasing characterized by complex questions without clear black and white answers that span well beyond the historically narrow focus on the enterprise. Managers of tomorrow must be equipped with analytical and conceptual skills that allow them to see connections between social and environmental challenges and opportunities from local to global levels and how they interact and influence enterprise-level value creation and innovation in a responsible manner. This course provides a perspective —i.e., a worldview—that appropriately places the enterprise in the context of an interconnected world where success—organizationally and personally—is determined by how well one applies the necessary functional skills and organizational understanding to opportunities and challenges framed by globalization—both shared and disparate values—and the need for creativity, innovation and entrepreneurial spirit. This course draws on the history of business practice and leadership to provide a foundation for personal self-discovery and professional direction.

BUS 4610 The Essence of Enterprise | 4 Credit Hours»

BUS 4620 Ethics for the 21st-Century Professional | 4 Credit-Hours

A fundamental purpose of this course is to engage students in ongoing reflection and dialogue about their responsibilities as managers and leaders. Of particular emphasis are the ethical, professional, social and legal responsibilities of managers and leaders, especially as it relates to numerous stakeholders and communities. This course focuses on the idea of "community" and the ethical and social relationships of business leaders and business organizations in their communities. A particular focus will be the role of the business manager and executive as a professional with unique and special responsibilities. These roles will be examined by analyzing a variety of issues that students will face during their careers. The goal is to provide students with a generalized understanding and skills that can be employed in dealing with other issues that may emerge in their business careers. Prerequisite: BUS 4610.

BUS 4620 Ethics for the 21st-Century Professional | 4 Credit-Hours»

Business Core Courses | 12 Credit Hours

ACTG 4610 Financial Accounting | 4 Credit Hours

The purpose of this course is to provide students with an understanding of the financial statements issued by companies to external parties, such as shareholders and creditors. The course covers the fundamentals of accounting, from recording economic events in the accounting records to the preparation of the company’s financial statements. In addition, the course examines major transaction categories, accounting policy choices of business firms and their financial statement implications, as well as the content of publicly-traded companies’ Form 10-K annual reports. (Autumn, Winter, Spring, Summer)

ACTG 4610 Financial Accounting | 4 Credit Hours»

STAT 4610 Business Statistics | 4 Credit Hours

This course introduces students to the basic analytical tools in statistics and business analytics, and provides the theoretical concepts and skills that are building blocks for future courses. The approach is to present students with a “corporate” view of how statistical tools are used to analyze data and facilitate business decision-making. Students will familiarize themselves with all of the statistical techniques and models presented in the course and will demonstrate knowledge in applying the appropriate techniques and models to various data sets and interpreting the results of the analysis. The Microsoft Excel Data Analysis and Solver Toolkits will be used to conduct statistical analyses, allowing students to become more proficient overall in using Microsoft Excel and to place their emphasis on applications to core business disciplines, statistical reasoning, and proper interpretation of results.

Learning Outcomes:

  1. Learn and understand the basic tenets of probability distributions, and be familiar with the distributions most often used in business modeling.
  2. Conduct and interpret various statistical hypothesis testing techniques on single and multiple populations.
  3. Conduct and interpret various regression analyses on single and multiple independent variables.
  4. Conduct and interpret optimization modeling in a variety of business scenarios.
  5. Use the results of statistical analysis to support business decisions.
  6. Construct analytic models, to include multiple regression and simulation models, and apply them in the functional areas of business such as finance, accounting, marketing, and operations.
  7. Demonstrate proficiency in performing data management, statistical analysis, and analytic modeling in a spreadsheet environment.

STAT 4610 Business Statistics | 4 Credit Hours»

FIN 4630 Managerial Finance | 4 Credit Hours

This course discusses basic principles of finance and provides practical tools for financial decisions and valuation. The purpose of this course is to give students a thorough introduction to the basics of finance. You will learn how to value distant and uncertain cash flows. You will learn how to apply the tools to make investment decisions for a firm. You will also survey the fundamental drivers of financing policy in a corporation and learn how financial markets interact with businesses. This course is divided into four sections. The first covers the use of financial statements to glean information about the firm, its performance and financial needs. Section II deals with the basic building blocks of financial valuation: time value of money analysis, bond and stock valuation. During the remainder of the course, we turn our attention to applying the tools of valuation to the main types of corporate financial decisions. Section III analyzes firms’ capital budgeting decisions and Section IV considers a company’s investment in working capital. Offered FA, WI, SP and Sum. Pre-requisite: ACTG 4610

FIN 4630 Managerial Finance | 4 Credit Hours»

Finance Core Courses | 24 Credit Hours

ACTG 4220 Financial Accounting Analysis | 4 Credit Hours

The major course objective is to increase Finance Majors’ understanding of financial accounting for improved financial statement analysis and decision making. The course focus will be on current financial accounting issues and the interpretation of financial accounting information from a user perspective. This course is not an approved elective for the MACC degree. PREREQ: ACTG 4610 and FIN 4630. (Winter).

ACTG 4220 Financial Accounting Analysis | 4 Credit Hours»

FIN 4200 Financial Institutions and Markets | 4 Credit Hours

This course is a survey of equity and credit markets. It is designed to provide an understanding of the financial markets, the securities traded in those markets and the risk-return relationship in the equity and credit markets. Students will study the distinctions between the various securities traded in these financial markets and determine how each security is priced or valued. The statistical foundations of risk and return will be explored. A fundamental understanding of the theoretical and empirical foundations of financial asset pricing models will be covered. Principal content elements will include market efficiency, diversification, the CAPM and Fama-French models, yield to maturity for corporate bonds, the term structure of interest rates, duration and convexity as well as return calculations used in the money market. Offered FA, SP. Prerequisites: FIN 4630 and STAT 4610 or FIN 4170.

FIN 4200 Financial Institutions and Markets | 4 Credit Hours»

FIN 4410 Financial Planning & Analysis | 4 Credit Hours

This course builds on the material learned in FIN 4630. It examines the determinants of return on equity and the capital structure decision, with an emphasis on how these affect shareholder value and the value of the firm. Corporate financial planning and sustainable growth will be addressed. Business valuation will be calculated using proforma financial statements to estimate free cash flows in the discounted cash flow approach. Other approaches to business valuation will also be examined. The course will also cover EPS drivers and cash flow statement analysis. PREREQ: FIN 4630 or equivalent. Offered FA, SP, and Sum. Prerequisite: FIN 4630.

FIN 4410 Financial Planning & Analysis | 4 Credit Hours»

FIN 4610 Multinational Financial Management | 4 Credit Hours

Multinational Finance explores financial management in the international arena. Topics include derivative securities, currency risk, international capital budgeting, and international portfolio management. Upon completion of this course, students should be able to accomplish the following objectives: explain the determinants of foreign exchange rates and how exchange rate risk can be hedged; understand derivatives on currencies; explain and identify the financial difficulties and opportunities faced by corporations when operating internationally; apply advanced techniques for making international corporate investment decisions; identify the determinants of the expected returns on international investments; discuss current issues in international finance. Prerequisite: FIN 4630. Offered FA, WI, SP and Sum.

FIN 4610 Multinational Financial Management | 4 Credit Hours»

FIN 4860 Derivatives | 4 Credit Hours

This course provides a theoretical foundation for the pricing of contingent claims and for designing risk management strategies. It discusses more advanced material in financial derivatives and is intended for students who have a quantitative background and are interested in enhancing their knowledge of the way in which derivatives can be analyzed. This course covers option pricing models, hedging techniques, and trading strategies. It also includes portfolio insurance, value-at-risk measure, multistep binomial trees to value American options, interest rate options, and other exotic options. Prerequisite: FIN 4200. Offered FA, WI.

FIN 4860 Derivatives | 4 Credit Hours»

Finance Elective to Complete MSF | 18 Credit Hours

Select from the following:

Corporate Finance Courses

FIN 4420 Capital Expenditures Analysis | 4 Credit Hours

This course will show you how managers of large corporations create value for their owners. The major focus of the course will be on capital investment decisions are made, but several ways to create value, such as the decision to lease or buy an asset and merger decisions will also be examined. A manager’s ability to create shareholder value through asset acquisitions depends upon having defined appropriate criteria for making accept / reject decisions. These criteria must, therefore, be firmly grounded in financial theory. Thus, much of the course will be devoted to an examination of those aspects of the theory of finance relevant to creating value from making asset investment decisions. Offered WI. Prerequisite: FIN 4630.

FIN 4420 Capital Expenditures Analysis | 4 Credit Hours»

FIN 4870 Strategic Finance | 4 Credit Hours

Addresses theory, concepts, and techniques associated with asset management and creation of value from a strategic orientation. Links financial theory and practice to strategic and operational objectives of the firm, prepares student to incorporate risk and uncertainty into analytical decision-making process and to analyze divestiture, restructuring, and liquidation decisions. Prerequisites: FIN 4410. Offered FA, SP.

FIN 4870 Strategic Finance | 4 Credit Hours»

FIN 4885 External Finance | 4 Credit Hours

This is an advanced Corporate Finance course, focusing on the decisions by companies related to external sources of financing. There will be a mix of theory and practice, with many outside speakers providing insight into the practice component. External financing will be examined in the context of several different situations and contexts, including the different sources used as the company moves through its life cycle. Throughout the class, we will relate financial decision making to the ethical and regulatory issues embodied in the Dodd-Frank Act. Learning outcomes include: understanding and describing the current economic and financial environment; understanding the role of the economic and financial environment on the debt/ equity decision; understanding the sources of startup capital and angel investing; understanding the bank loan application and evaluation process; understanding the role and timing of venture capital and private equity in external financing; understanding the decision and process involved in going private; understanding the merger and acquisition process as a way to finance growth; and understanding the external financing alternatives and process in situations of financial distress or bankruptcy. PRERQ: FIN 4410. Offered WI and Sum.

FIN 4885 External Finance | 4 Credit Hours»

Investment Courses

FIN 4320 Security Analysis and Valuation | 4 Credit Hours

This course focuses on (i) analytical models of investment valuation—the discounted cash flow models, relative valuation models, and contingent claim pricing models; (ii) collecting, analyzing, and interpreting financial information; (iv) producing industry-standard financial analyst research reports on stocks; and (iv) developing investment strategies based on research papers and the latest innovations in finance.  Prerequisite: FIN 4200. Offered FA, WI, SP & SU.

FIN 4320 Security Analysis and Valuation | 4 Credit Hours»

FIN 4330 Portfolio Management | 4 Credit Hours

This course covers four major areas with a strong emphasis on financial modeling and quantitative techniques as they apply the tenets of portfolio theory to “real life” portfolio management: Modern Portfolio Theory; Portfolio Construction Methods; Risk Measurement and Analysis; Portfolio Performance Measurement and Return Attribution. Offered WI, Sum. Prerequisite: FIN 4200.

FIN 4330 Portfolio Management | 4 Credit Hours»

FIN 4890 Fixed Income Analysis | 4 Credit Hours

This course provides an in-depth understanding of the basic concepts related to option-free bonds and bonds with imbedded options. Focus will be on a limited number of topics ranging from bond valuation to price volatility. The course is designed so upon completion the student should have an understanding of bond characteristics such as duration and convexity. An understanding of how these items relate in a portfolio context as well. In addition, an awareness of how binomial trees are used to price a broad spectrum of bonds is provided. The student is also expected to have an understanding of how hedging the risk of bond portfolio is accomplished. Prerequisites: FIN 4200. Offered WI.

FIN 4890 Fixed Income Analysis | 4 Credit Hours»

FIN 4710 Marsico Investment Fund I

FIN 4720 Marsico Investment Fund II

Additional Courses
FIN 4700 Finance Seminar (topics vary)