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Explore our MS in Finance for the Professional (Self-Designed) specialization

Advance in your finance career and influence the future of your organization with this self-designed specialization that allows you to meet your unique career goals and focus on facing today’s financial challenges. As a practitioner, you will learn to create solutions to financial problems, evaluate financial instruments, leverage resources for optimal profitability, develop strategic financial objectives, seize new business opportunities, mitigate corporate risk, and improve investment decision making. You will explore best practices in financial management and analysis, business risk assessment, valuation, and investment strategies that transcend international borders.

Program Savings

Receive your first course at no cost or a 10% tuition reduction for the life of the program if you reside in the U.S. and start this program on November 2, 2020. Contact one of our Enrollment Specialists to learn more.

Get Started Now

Curriculum

Minimum Degree Requirements

  • 30 total semester credits
    • Core courses (12 sem. credits)
    • Specialization courses (18 sem. credits)

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 Specialist at 855-646-5286.

Courses

Course Code Title Credits

CORE COURSES

FNCE 6000

Decision-Making Tools for Today's Financial Professional

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.

(3 sem. cr.)
FNCE 6010

Analysis and Communication for the Financial Professional

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.

(3 sem. cr.)
FNCE 6020

Legal and Ethical Issues in Accounting and Finance

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.

(3 sem. cr.)
FNCE 6030

Managerial Finance

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.

(3 sem. cr.)
FNCE 6640

Advanced Managerial Finance

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.

(3 sem. cr.)
FNCE 6643

Applications in Corporate Finance I

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.

(3 sem. cr.)
FNCE 6647

Applications in Corporate Finance II

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.

(3 sem. cr.)
FNCE 6655

Investment Theory and Portfolio Management

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.

(3 sem. cr.)

Choose 2 electives fro the following courses:

FNCE 6630

Tax Analysis and Decision Making

Students in this course are provided with an overview of current topics in taxation strategies for individuals and corporations. They learn about the Internal Revenue Service Code on tax differences, including book and tax accounting, inclusions, exclusions, deductions, credits, and tax aspects of property transactions. Students employ a "walk-through" technique through which they gain first-hand experience in the use of tax research services. Students also explore how economic, social, and cultural forces influence tax policy.

(3 sem. cr.)
FNCE 6635

Financial Budgeting and Forecasting Analysis

Managers are continually faced with the complexities of budgeting and forecasting their business operations. Complexities include many factors, such as one-time and ongoing expenses; investments; and risk related to investment proposals, time periods, and other financial considerations. Students will explore budgeting and forecasting along with related processes within the organizational context. Students will also review the implications of budgeting and forecasting as well as methods to plan for and prioritize the use of scarce resources, while considering ethical issues related to sustainability.

(3 sem. cr.)
FNCE 6660

Derivatives and Risk

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.

(3 sem. cr.)
FNCE 6600

Managing Operational and Financial Business Risks

Accountants and business managers must be astute and proactive in managing a business to combat the inevitable threat of operational and financial risks, including those involving credit, market, liquidity, reputation, technology, and legality. In this course, students assess the tools used by accountants and managers in managing these risks. They explore the various processes used to identify, analyze, and assess risks, and they learn the appropriate use of financial and operational controls to mitigate such risks. Additionally, students examine ways to implement techniques, such as developing a risk control matrix and using the concepts of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework to improve an organization's enterprise risk management.

(3 sem. cr.)
FNCE 6610

Managing Regulatory Compliance

Regulatory compliance involves the policies and processes that organizations use to ensure that they follow the rules and regulations in place by the firms that control financial activity in a given jurisdiction. In this course, students explore the facets of regulatory compliance, focusing on the role of accounting with respect to corporate governance within an organizational setting. They also focus on how organizations build transparency into their governance and compliance systems. Students review and explore the responsibilities of management in terms of compliance and auditing and explore the complex processes of checks and balances that comprise compliance systems. Students further develop their understanding of regulatory compliance through a review of the Foreign Corrupt Practices Act and the Sarbanes-Oxley Act, in addition to an evaluation of decisions made by the Securities and Exchange Commission and the Public Corporation Accounting Oversight Board.

(3 sem. cr.)
FNCE 6781

Information Security Governance

Students in this course cover information security issues in an organizational context, recognizing the increasing stakes in keeping systems safe from tampering and disclosure. Topics include management structures and processes for enterprise information security; information security in the supply chain; legal, regulatory, audit, and policy issues; risk management; and the business case for information security.

(3 sem. cr.)
VIEW ALL COURSES Less Courses

Tuition and Fees

Curriculum Component Requirements Cost Total *
Tuition 30 total semester credit hours $975 per semester hour $29,250
Technology Fee Per semester $210 $1,050


TOTAL $30,300


Transfer up to 15 credits $15,045


Total with Maximum Transfer Credits† $15,255

The tuition reflects the minimum credits to completion. Program completion varies by student, depending on individual progress and credits transferred, if applicable. For a personalized estimate of your time to completion, call an Enrollment Specialist at 855-646-5286.

*Tuition and fees are subject to change. Books and materials are not included and may cost between $1,000 and $1,400.

Maximum transfer credit total includes reduction in technology fee as related to reduced number of courses over time

FINANCIAL AID

Many Walden degree-seeking students—67%—receive some form of financial aid.* Create a customized plan that makes sense for you.

*Source: Walden University’s Office of Financial Aid. Data reports as of 2018.

Find Ways to Save

Program Savings

Receive your first course at no cost or a 10% tuition reduction for the life of the program if you reside in the U.S. and start this program on November 2, 2020. Contact one of our Enrollment Specialists to learn more.

Get Started Now

Admission Requirements

Program Admission Considerations: A bachelor's degree or higher.

General Admission Requirements: Completed online application and transcripts. Please note that the materials you are required to submit may vary depending on the academic program to which you apply. More information for international applicants.

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