Master of Science in Finance

Curriculum

To earn a Master of Science in Finance, students must successfully complete 33 credit hours (11 courses). The typical program will consist of six core cores and five elective courses. However, students may request that they be allowed to substitute an elective course for a core course if they can demonstrate to the program director that they have already mastered the material in the core course.

Core Courses (18)
MSF 501Mathematics with Financial Applications3
MSF 502Statistical Analysis in Financial Markets3
MSF 503Financial Modeling3
MSF 504Valuation and Portfolio Management3
MSF 505Futures, Options, and OTC Derivatives3
MSF 506Financial Statement Analysis3
Elective Courses (15)
Select a minimum of five courses from the following: 115
Alternative Investments
Alternative Investments3
Commodities and Managed Futures3
Corporate Finance
Corporate Finance3
Investment Banking3
Entrepreneurial Finance
Entrepreneurial Finance3
Financial Econometrics
Time Series Analysis3
Bayesian Econometrics3
Financial Engineering
Models for Derivatives3
Term Structure Modeling and Interest Rate Derivatives3
Computational Finance3
Financial Markets
Global Financial Markets3
Market Microstructure3
Financial Programming
.NET and Database Management3
C++ with Financial Markets3
High Frequency Finance
OOP and Algorithmic Trading Systems3
High Frequency Finance3
Investment Management
Equity Valuation3
Structured Fixed Income Portfolios3
Quantitative Investment Strategies3
Risk Management
Market Risk Management3
Credit Risk Management3
Enterprise Risk Management3
Trading
Equity and Equity Derivatives Trading3
Foreign Exchange Market and Fixed Income Strategies3
Total Credit Hours33
1

Elective classes are organized into concentrations. Students who complete two or more courses within a particular concentration will have the concentration recognized on official transcripts.

Core Requirement

All Master of Science in Finance students must complete the six core classes unless they have obtained written permission from the program director to substitute an alternative class for a core class.

Course Substitutions

To the extent that students have completed commensurate coursework or professional experience, substitutions to the required curriculum may be permitted, with the approval of the program director. Qualified students may substitute courses from the Master of Mathematical Finance for elective courses in the Master of Science in Finance program.

Free Electives

Up to two graduate-level electives may be taken from outside the courses prescribed above. These electives may be taken from other offerings at the Stuart School of Business, the Chicago-Kent College of Law, or Mies Campus graduate programs, provided that:

  1. They are consistent with the Master of Science in Finance program objectives.
  2. They have been approved, prior to the student’s registration, by the Master of Science in Finance program director or the student’s academic adviser.

Students may also transfer up to two classes from a graduate program at another AACSB accredited university if the student has not used the classes to satisfy the requirements for a degree at the university. Additional classes may be transferred with the permission of the program director.

Prerequisite Courses

Some students may be required to take prerequisite courses in mathematics, statistics, or computer programming before being admitted to a graduate course. Undergraduate course offerings, which typically are listed with a primary numeral of four or below cannot be used as free electives in the Master of Science in Finance program.