Advance your career as a financial planner, manager, or analyst with one of three specializations in our master’s in finance degree program.
Prepare for professional certification as a Chartered Financial Analyst (CFA). The coursework in this specialization is aligned with the content covered in the internationally recognized CFA exam. You will gain hands-on practice for the competency-based certification exam and complete a simulated CFA exam as part of your capstone. You will explore best practices in financial analysis and decision making, investment strategies, risk assessment and management, and other topics relevant to today’s finance professional. In addition to gaining knowledge of corporate governance issues, learn how to partner with other parts of an organization to help managers make decisions in a dynamic business environment.
This program can be completed in as little as 20 months. Time to completion will vary by student, depending on individual progress and credits transferred, if applicable. For a personalized estimate of your time to completion, call an enrollment advisor at 855-646-5286.
|Course Code||FNCE 6000||Course||Decision-Making Tools for Today's Financial Professional||Credits||(3 sem. cr.)|
|Course Code||FNCE 6010||Course||Analysis and Communication for the Financial Professional||Credits||(3 sem. cr.)|
|Course Code||FNCE 6020||Course||Legal and Ethical Issues in Accounting and Finance||Credits||(3 sem. cr.)|
|Course Code||FNCE 6030||Course||Managerial Finance||Credits||(3 sem. cr.)|
|Course Code||FNCE 6640||Course||Advanced Managerial Finance||Credits||(3 sem. cr.)|
|Course Code||FNCE 6643||Course||Applications in Corporate Finance I||Credits||(3 sem. cr.)|
|Course Code||FNCE 6647||Course||Applications in Corporate Finance II||Credits||(3 sem. cr.)|
|Course Code||FNCE 6655||Course||Investment Theory and Portfolio Management||Credits||(3 sem. cr.)|
|Course Code||FNCE 6660||Course||Derivatives and Risk||Credits||(3 sem. cr.)|
|Course Code||FNCE 6900||Course||CFA Capstone||Credits||(3 sem. cr.)|
Today's effective finance professionals use a variety of financial management tools as they seek to evaluate alternatives and make sound financial recommendations. Students will gain practical experience of a financial professional's role by using financial modeling tools such as breakeven and cost-volume-profit analysis for model pricing and cost sensitivity; forecasting and cost prediction; variance cost analysis; relevant cost analysis; project valuation; and prioritization using payback, rates of return, and discounted cash flow methods. Students' increased diagnostic critical-thinking skills will help them to construct effective, ethical, fact-based arguments, which are among the fundamental capabilities required for financial decision-making. Using relevant management articles, case studies, and topic analyses, students also examine how to align business needs with fact-based solutions, how to identify new opportunities, and how to manage and enhance an organization's competitive position.
An essential skill for nearly all financial professionals is the ability to effectively communicate with the organization to manage internal and external relationships. The importance of communication in finance is emphasized, and students are presented with the opportunity to practice using the tools required for effectual and efficient presentation of information while gaining critical-thinking, reading, and scholarly writing skills. Students explore various written and presentational forms of communication that financial professionals use within organizational and managerial settings. Students examine techniques for developing and presenting white papers, memoranda used to communicate issues and recommendations to management, and financial and nonfinancial information. They learn about concepts in balanced communication coverage and how to adapt to constantly changing modes of communication, including social networking, blogging, and using professional organizations and training programs to their advantage. Through these activities, students gain a better understanding of the roles and responsibilities of the financial professional as well as the ethical methodologies required to maintain a professional obligation to the community and their clients.
In the news, it is too often that we hear about cases of financial fraud and misconduct involving major corporations. It is a social and professional obligation of financial professionals to be concerned and knowledgeable on topics involving legal and ethical issues in accounting and financial reporting. In this course, students learn to appreciate this role and explore the various legal and professional responsibilities of which financial professionals must be aware when developing financial statements and reports. They examine a variety of issues, such as the differences between statute and regulation and between common and statutory law. Students also assess the role of bankruptcy and its impact on business relationships. Through the extensive use of current and seminal case studies, students take a practical approach to examining the best practices of doing business in today's sociopolitical climate from a legal and ethical perspective.
Today's companies are challenged to constantly do more with less. Effective managers know how to deploy scarce financial resources in ways to achieve optimum returns on these resources. Students will discover the latest financial tools and analytic methods to strengthen the capital investment decision-making process. Students will use critical-thinking skills to apply and, at times, challenge traditional financial theory, while balancing various stakeholder interests in the financial decision-making process. Students will examine a range of contemporary issues and techniques relevant to sound and ethical financial decision-making. Topics include the role of stakeholders in optimizing firm value, assessment of an organization's financial position, effective communication of financial information and goals, the analysis of risk and reward in financial decision-making, the impact of financial decisions and capital structure on firm value, the role of ethics in financial decision-making, and the evaluation of financial decisions to enter international markets.
The focus of this course is on how students use financial information for internal decision-making purposes. It is designed for the leader who will be using, rather than producing, financial information. Decision making is an art. Good decision makers need to be able to anticipate the alternatives, evaluate the advantages and disadvantages of each, and recognize the tradeoffs inherent in each alternative. Students in this course will approach financial decision making using this framework that also overtly includes rigorous stakeholder analysis and implications. Stakeholder analysis sometimes leads to controversial decision alternatives, but it is this exercise that will develop the students' talents for challenging the traditional and finding the balance between stakeholder expectations and creating opportunity for the organization. The objective of this course is for students to apply finance theory and principles to the analysis of important business problems. Specific topics will include capital budgeting, cost of capital, real options, capital structure, payout policy, and enterprise valuation.
Corporate finance managers use a variety of financial management tools when identifying possible alternatives for recommendations on financial management decision-making. Students in this course use the tools of finance to help managers maximize their firm's value. Topics include the time value of money, net present value, internal rate of return, capital budgeting, capital structure, working capital management, multinational concepts, and dividend policy.
Students in this course build on what they learned in Corporate Finance I and focus more deeply on contemporary issues and optimal financial decision-making. Students participate with hands-on demonstrations of how to become more skillful in various financial management environments. Topics include valuation, advanced capital budgeting, cost of capital, risk, standard deviation, variance, covariance, capital asset pricing model, and beta. Additional topics include multinational concepts, leasing, option pricing, derivatives, hedging, and other advanced financial applications.
Investments and portfolio management is a combination of different investment assets for the purpose of achieving investor goals while minimizing overall investment risk. Students in this course examine capital markets with an emphasis on securities valuation. Topics covered in this course include fixed-income markets, measuring risk with alphas and betas, asset pricing, portfolio management strategies, equity markets, and derivatives markets.
Derivatives are financial contracts with values that are derived from the behavior of something else, such as interest rates, stock indexes, mortgages, commodities, or even the weather. Students in this course examine the types of market risk managers face in their day-to-day operations and the use of financial derivatives. The students focus on the theory and practice of the valuation of derivative securities such as forward contracts, futures contracts, swaps, and options and how they are used to mitigate risk. They also examine the risks faced by the market's underlying properties of each of these instruments and their use in managing the various risks faced by market participants.
In this course, students review content from prior Chartered Financial Analyst (CFA) exams on a variety of topics, including ethics and professional standards, corporate finance, financial reporting and analysis, quantitative methods, alternative investments, derivatives, equity investment, and fixed income. Students conduct research, discuss with peers, and analyze the answers to actual CFA exam items to gain a thorough understanding of the format, concepts, and principles on which exam questions are based, gaining confidence and preparedness for taking the CFA exam.