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.

MASTER OF FINANCE CURRICULUM

Core Courses18
Math with Financial Appls.3
Statistical Analys in Fin Mkts3
Financial Modeling3
Valuation/Portfolio Management3
Futures/Option/OTC Derivatives3
Financial Statement Analysis3
General Electives - select 9-15 credit hours from any 500 level MSF course, excluding core courses.9-15
Optional Concentrations - complete 6 credit hours to fulfill a concentration requirement
Corporate Finance
(6)
Select 6 credit hours from the following list:6
Corporate Finance3
Investment Banking3
Entrepreneurial Finance
(6)
Select 6 credit hours from the following list:6
Entrepreneurial Finance3
The Venture Capital Process3
Financial Econometrics
(6)
Select 6 credit hours from the following list:6
Time Series Analysis3
Bayesian Econometrics3
Financial Technology
(6)
Select 6 credit hours from the following list:6
Models for Derivatives3
Term Struc Mod & Int Rate Der3
Computational Finance3
High Frequency Finance
(6)
Select 6 credit hours from the following list:6
OOP & Algorithmic Trading Sys3
High Frequency Finance3
Market Microstructure3
Investment Management
(6)
Select 6 credit hours from the following list:6
Equity Valuation3
Struct Fixed Income Portfolios3
Machine Learning3
Quant Investment Strategies3
Risk Management
(6)
Select 6 credit hours from the following list:6
Market Risk Management3
Credit Risk Management3
Energy Commodities Analytics (MSF 568 and MSF 547 also count toward Trading concentration)3
Enterprise Risk Management3
Trading
(6)
Select 6 credit hours from the following list:6
Machine Learning3
Energy Commodities Analytics3
Equity & Equity Deriv Trading3
FOREX & Fixed Income Strat3

Minimum degree credits required: 33

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.