Finance (MS)*


2020-2021 GRADUATE STUDIES CATALOG
Volume 1: 2020.2021

Effective 1 June 2020 through 31 May 2021

Please see the Temporary Adjustments to Policy on Grading for Graduate Courses for Spring 2020

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


This program is offered by the George Herbert Walker School of Business & Technology. It is available online, at the St. Louis home campus, and at select U.S. and international campuses. Please see the Campus Locations and Offerings section of this catalog for a list of campuses where this program is offered.

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 markets 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, Advanced 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.

*NOTE: The master of science (MS) degree is abbreviated as MSc when completed in Vienna with Austrian accreditation.

acbsp logoThe MS 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 30 required credit hours and 6 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 5100 Financial Modeling (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 in Finance

54 to 57 Credit Hours

Requirements for a dual degree with the MBA program generally include the required MBA courses (33 hours) and the required coursework in the additional degree program, except where noted below. If BUSN 5000 has been waived, the required hours are reduced by 3 credits and the BUSN 5000 course does not require a substitution.

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

  • BUSN 5000 Business (3 hours)
  • MBA 5010 Value Creation (3 hours)
  • MBA 5030 Market Analysis and Business Planning (3 hours)
  • MBA 5100 Adding Value through Human Capital (3 hours)
  • MBA 5300 Providing Value to Customers (3 hours)
  • MBA 5400 The Supply Chain and Business Processes (3 hours)
  • MBA 5500 Information Support for Decision Making (3 hours)
  • MBA 5910 Cases in Value Creation (3 hours)
  • MBA 5920 Walker Consulting Project: Adding Value to Organizations (3 hours)
  • BUSN 6070 Management Account (3 hours)
  • BUSN 6120 Managerial Economics (3 hours)
  • FINC 5000 Finance*^ (3 hours)
    (prerequisites: BUSN 5760* and BUSN 5600)
  • FINC 5100 Financial Modeling (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)

*FINC 5000 and BUSN 5760 substitute for MBA 5020.
^FINC 5000 substitutes for MBA 5200.

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.

Admission

Applicants to the MS in finance must have completed a bachelor's degree or higher in a business discipline in a program accredited by ACBSP, AACSB, IACBE, EQUIS or AMBA. An applicant without such a degree wishing to enroll in this program will be required to first complete the following undergraduate courses (or their equivalents) with a grade of C- or better (17 credit hours total, not including individual course prerequisites):

  • MNGT 2100 Management Theory & Practices
  • ACCT 2010 Financial Accounting
  • BUSN 2750 Introduction to Statistics
  • ECON 2000 Survey of Economics
  • MNGT 2500 Marketing
  • BUSN 3500 Business & Global Issues
  • BUSN 4500 Ethical Issues in Business

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

Send all admissions 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.