Finance (MS)*


DRAFT 2017-2018 GRADUATE STUDIES CATALOG

Effective 1 June 2017 through 31 May 2018

Please see the Graduate Catalog Archives for PDF versions of past catalogs.




This program is offered by the Walker School of Business & Technology.

Program Description

The master of science (MS)* in finance is designed to provide a quantitative and comprehensive examination of the finance field. Students will advance through corporate finance, investments, and market instruments and institutions. Additionally, students will experience significant exposure to supporting coursework in the closely related fields of accounting and economics. A capstone experience will tie together the major finance topics, with a significant focus on mergers and acquisitions, and will expose students to literature, and the analysis thereof, pertinent to the field.

After a comprehensive examination of the field, students may choose their electives to satisfy their specific career goals. Students desiring to take advanced certification, such as the CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner), will want to take advanced courses in Derivatives, Financial Statement Analysis, Investments and Portfolio Management, while students interested in pursuing careers in other fields may want to take Entrepreneurial Finance, or similar advanced topics offered by the George Herbert Walker School of Business & Technology.

This program is offered online, at the St. Louis home campus, and at select campuses in the United States and internationally. Please see the Campus Locations section of this catalog for a list of campuses where this program is offered.

*NOTE: The master of science (MS) is abbreviated as MSc in Vienna.

acbsp logoThe master of science in finance is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

Learning Outcomes

  • Students can determine the value of financial assets.
  • Students can analyze the financial decisions of a corporation.
  • Students can evaluate credit and interest rate risk.

Program Curriculum

The master of science in finance requires successful completion of 36 credit hours including 27 required credit hours and 9 credit hours of electives. The following courses are required for the master of science in finance:

  • BUSN 6070 Management Accounting (3 hours)
  • BUSN 6120 Managerial Economics (3 hours)
  • FINC 5000 Finance (3 hours)
  • FINC 5210 Investments (3 hours)
  • FINC 5810 Capital Budgeting and Corporate Investments (3 hours)
  • FINC 5830 Institutions and Financial Markets (3 hours)
  • FINC 5840 International Finance (3 hours)
  • FINC 5880 Advanced Corporate Finance (3 hours)
  • FINC 6290 Mergers and Acquisitions (3 hours)

Prerequisites

  • BUSN 5600 Accounting Theory and Practice (3 hours)
  • BUSN 5620 Current Economic Analysis (3 hours)
  • BUSN 5760 Applied Business Statistics (3 hours)

Note: Program prerequisites are to be completed before beginning coursework for the master of science in finance for those students who have not completed prerequisite courses (or an appropriate equivalent) within five years of entering the program and having earned a grade of B or better. If the appropriate prerequisite course content was completed longer than five years prior to entering the program, the department will allow a waiver if the student demonstrates a command of the content area by successfully completing a waiver examination. The prerequisite courses BUSN 5600 and BUSN 5620 may not count as electives in the 36-credit-hour master of science in finance.

Dual Degree Option: MBA/MS Finance

The MBA/MS finance dual degree option requires the completion of 48 credit hours: 2 courses (6 credit hours) that are required for both programs, 6 required courses (18 credit hours) in the MS in finance, and 8 required courses (24 credit hours) in the MBA.

Upon completion of the 48 credits, two separate diplomas are issued at the same time. The two degrees cannot be awarded separately or sequentially under this arrangement.

MBA/MS Finance Dual Degree Curriculum

  • BUSN 5760 Applied Business Statistics (3 hours)
  • BUSN 6070 Management Accounting (3 hours)
  • BUSN 6110 Operations and Project Management (3 hours)
  • BUSN 6120 Managerial Economics (3 hours)
  • BUSN 6200 Strategy and Competition (3 hours)
  • FINC 5000 Finance (3 hours)
  • FINC 5880 Advanced Corporate Finance (3 hours)
  • MNGT 5590 Organizational Behavior (3 hours)
  • MNGT 5990 Corporate Responsibility and Society (3 hours)
  • MRKT 5000 Marketing (3 hours)
  • FINC 5210 Investments (3 hours)
  • FINC 5810 Capital Budgeting and Corporate Investments (3 hours)
  • FINC 5830 Institutions and Financial Markets (3 hours)
  • FINC 5840 International Finance (3 hours)
  • FINC 6290 Mergers and Acquisitions (3 hours)
  • FINC XXXX One FINC Elective course to meet requirements (3 hours)

Admission

Students who are interested in applying to this degree program should see the Admission Section of this catalog for general requirements.

Send all admission materials to:

Office of Admission
Webster University
470 E. Lockwood Ave.
St. Louis, MO 63119

Advancement to Candidacy

Students are admitted to their graduate program upon completion of all admission requirements. Students are advanced to candidacy status after successfully completing 12 credit hours of graduate credit, with grades of B– or better. In the MBA program and other specialized programs, courses required as prerequisites to the program do not count toward the 12 credit hours required for advancement. A student who receives one F or two C's before advancement is dismissed. Students admitted on a conditional basis into the School of Business and Technology, the College of Arts & Sciences, or the School of Communications are limited to taking one course per term. Such students who earn one grade of C or below before they are advanced to candidacy will be dismissed without further right to appeal for reinstatement but may apply for readmission after one calendar year from the date of dismissal. Exceptions for international students may apply.