Finance Concentration

This concentration will prepare you for a career in financial management of a business enterprise.

You will gain detailed knowledge of the principles and techniques of financial decision-making, valuation and capital markets. This concentration emphasizes analytical, computational and managerial skills for financial problems faced by decision-makers.

With a finance concentration, you can choose from a number of career opportunies. Corporate positions range from financial analysis and financial planning to control and asset-liability management. In financial intermediaries, opportunities are available for security analysts, trust advisors, portfolio managers, bank loan officers and account executives. Consulting firms provide growing job opportunities. Additionally, government agencies offer many employment opportunities similar to those in the private sector.

Concentration Requirements

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The Finance concentration requires five courses total (15 credits), MGF 633 and four electives from the courses listed below:

MGA 632LEC Fin Statement Analysis

Development of a framework for the analysis of financial statements: study of the firm's competitive environment and business strategy, critical review of accounting quality, assessment of financial condition, and evaluation of future prospects. Methods for translating forecasts into firm value estimates are studied, as well as the use of the analysis framework in making specific business decisions, such as investing in equity securities and evaluating firms' creditworthiness.

Credits: 3.00
Semesters offered: Fall 2017 | Spring 2018


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
19911 F1A LEC TR 11 a.m. - 12:20 p.m. Alfiero 103 Kross, William

Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
11583 S1A LEC TR 8 - 9:20 a.m. Alfiero 102 Kross, William

MGE 602LEC Global Economics

This purpose of this course is to provide business students with six core abilities in macro/globaleconomics: to understand the historical debate between government¿s role and free enterprise in the economy; to understand the components of the aggregate demand for goods and services; to be able to predict the effects of monetary policy on interest rates, prices, and national income; to understand the benefits of long term supply side changes and the policies that affect supply-side economics, to understand the impact of international trade and financial investment flows on interest rates, exchange rates and national income; and to be able to predict how various economic policies affect the long term growth potential of both developed and emerging markets.

Credits: 3.00
Semesters offered:


MGF 632SEM Corporate Governance & Finance

Credits: 3.00
Semesters offered: Fall 2017
Pre-requisite: MGF 611 or MGF 631 (or equivalent)


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
21441 F1F SEM UNSP Online Nguyen, Thanh Chi

MGF 634LEC Quantitative Methods in Finance

The objective of this course is to ensure students have a solid foundation in the mathematical foundations required to understand and work with complex financial securities and derivatives. This foundation will be useful in higher level finance courses and as practitioners working in financial markets. Topics covered include stochastic calculus, continuous time finance, numerical methods, finite differences, and taylor series approximations. Applications from finance such as bond pricing, option pricing and portfolio theory are used as examples to illustrate the mathematics.

Credits: 3.00
Semesters offered: Fall 2017


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12640 F1F LEC TR 3:30 - 4:50 p.m. Norton 213 Oprisan, Adina

MGF 635LEC Financial Derivatives

The objective of this course is to give students and understanding of the wide range of derivative financial securities including forwards, futures, swaps and options. Financial securities and markets are changing rapidly and the objective of this course is to help students be better prepared to enter a career in finance. Students will learn how these securities are priced and used in risk management and speculative strategies by individuals and companies. This course is the introductory course in a two course sequence with MGF636 Complex Financial Instruments.

Credits: 3.00
Semesters offered: Fall 2017 | Spring 2018
Co-Requisite: MGF 633 or MS Accounting Majors.


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12641 F1F LEC MW 8 - 9:20 a.m. Jacobs 110 Seo, Hoontaek

Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
19163 S2F LEC MW 8 - 9:20 a.m. Alfiero 102 Unknown

MGF 636LEC Complex Fin Instruments

This course deals with pricing and market mechanisms of such complex financial instruments as options, futures, and assets with contingent payoff structures. The investment usefulness of the financial instruments as well as applications of the pricing models of options are thoroughly covered.

Credits: 3.00
Semesters offered: Spring 2018


Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
11618 S1F LEC MW 11 a.m. - 12:20 p.m. Clemen 322 Roesch, Dominik Maximilian

MGF 637LEC Financial Modeling

This course covers the models of corporate finance and investments. We will cover how to use spreadsheet programs, such as Microsoft Excel, to build and analyze financial models. The financial models we will review are pro forma financial statement analysis, cost of capital modeling, portfolio management modeling, etc. Also, other empirical models of corporate finance and asset pricing will be introduced, such as time series properties of stock return etc. Although MGF633, MGF 641, and MGF 642 are not prerequisite for this course, taking those courses simultaneously will be plus.

Credits: 3.00
Semesters offered: Fall 2017 | Spring 2018


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12543 F1F LEC MW 11 a.m. - 12:20 p.m. Alfiero 103 Mohr, Elizabeth Jane

Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
11611 S1F LEC MW 9:30 - 10:50 a.m. Jacobs 110 Mohr, Elizabeth Jane
23189 S2F LEC MW 12:30 - 1:50 p.m. Alfiero 102 Mohr, Elizabeth Jane

MGF 638LEC Fixed Income Securities

This is a course about fixed-income securities and markets. It covers topics that are important for any MBA student that anticipates hedging interest rate exposures or otherwise transacting in the fixed-income market. The course reviews basic bond pricing concepts and important features of interest rate futures and options contracts. It also introduces a few (somewhat complicated) models of the term structure. This is a rigorous course that requires students to be familiar with basic investments and calculus concepts. While MGF633 is not a prerequisite for this course, students that are taking MGF633 simultaneously with the course will be better prepared. Like most finance courses, the course focuses more on lasting financial principles than on current institutional details.

Credits: 3.00
Semesters offered: Spring 2018


Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
11534 S1F LEC TR 9:30 - 10:50 a.m. Talbrt 115 Liu, Ping
11511 S2F LEC TR 12:30 - 1:50 p.m. Norton 216 Liu, Ping

MGF 639SEM Security Trading

Credits: 3.00
Semesters offered: Fall 2017
Pre-requisite: MGF 611 or MGF 631 (or equivalent)


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
21439 F1F SEM TR 3:30 - 4:50 p.m. Norton 209 Wolfe, Brian A
21440 F2F SEM TR 11 a.m. - 12:20 p.m. Baldy 113 Wolfe, Brian A

MGF 641LEC Fin Policies & Strategy

The course emphasizes financing policies, e.g., capital structure policies, maturity decisions, dividend decisions, and determining financing needs and how to design optimal, long-term financing arrangements, including capital structure planning. The concept of the market for corporate control is introduced as a means of management discipline. Three to six comprehensive cases are used.

Credits: 3.00
Semesters offered: Fall 2017 | Spring 2018


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12300 F1F LEC TR 2 - 3:20 p.m. Baldy 115 Ogden, Joseph

Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
11622 S1F LEC TR 11 a.m. - 12:20 p.m. Jacobs 106 Jiang, Feng
17853 S2F LEC TR 8 - 9:20 a.m. Jacobs 112 Jiang, Feng

MGF 644LAB Conduct Research Fixed Income

Students will learn to conduct research using one or more fixed-income databases. The learning process includes a limited number of lectures on fixed-income pricing theory and models, formal training onaccessing and analyzing data from the database(s), and guidance in the development and presentation of a professional research report.

Credits: 3.00
Semesters offered: Fall 2017


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12642 F1F LAB TR 5 - 6:20 p.m. Alfiero 103 Ogden, Joseph

MGF 645LAB Conduct Research Equities

Students will learn to conduct research using one or more databases that contain accounting and market equity data. The learning process includes a limited number of lectures on empirical finance and financial analysis, formal training on accessing and analyzing data from the database(s), and guidance in the development and presentation of a professional research report.

Credits: 3.00
Semesters offered: Fall 2017 | Spring 2018


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12643 F1F LAB TR 3:30 - 4:50 p.m. Alfiero 103 Ogden, Joseph

Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
22219 S1F LAB TR 2 - 3:20 p.m. Norton 216 Labert, Thomas A

MGF 646SEM Institutional Investing

The seminar focuses on investment policy and portfolio management of tax-exempt institutional funds, with an emphasis on endowments. The class will discuss asset allocation, risk, the role of active management, incentive structures, governance, and manager selection and evaluation.

Credits: 3.00
Semesters offered: Spring 2018
Pre-requisite: MGF 611 or MGF 631 or equivalent or


Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
20697 S1F SEM F 9 - 11:40 a.m. Norton 210 Nguyen, Thanh Chi

MGF 647TUT Supervised Research

Instructional and practical experience in the skills and techniques of research through association with a faculty member actively engaged in research. Credit up to 6 hours, depending on the type and amount of research activities.

Credits: variable
Semesters offered: Fall 2017 | Spring 2018 | Winter 2018


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12521 F6F TUT ARR Arr Arr Jiang, Feng
21525 F8F TUT ARR Arr Arr Suk, Inho
12518 F4F TUT ARR Arr Arr Wool, Phillip Stephen
12455 F5F TUT ARR Arr Arr Unknown
12516 F3F TUT ARR Arr Arr Schwartzkopf, Jay J
12387 F2F TUT ARR Arr Arr Tiu, Cristian-Ioan
20594 F7F TUT ARR Arr Arr Fotak, Veljko N
12424 F1F TUT ARR Arr Arr Chung, Kee Ho

Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
11416 S8F TUT ARR Arr Arr Suk, Inho
11510 S2F TUT ARR Arr Arr Tiu, Cristian-Ioan
11384 S5F TUT ARR Arr Arr Wool, Phillip Stephen
21409 S9F TUT ARR Arr Arr Jiang, Feng
11608 S1F TUT ARR Arr Arr Mohr, Derek J
11402 S6F TUT ARR Arr Arr Wu, Chunchi
11410 S7F TUT ARR Arr Arr Dunbar, John Francis
11478 S4F TUT ARR Arr Arr Fotak, Veljko N
11445 S3F TUT ARR Arr Arr Chung, Kee Ho

Winter 2018 (01/04/2018 - 01/24/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
10260 W1F TUT ARR Arr Arr Ulbrich, Thomas R

MGF 656LEC Acquisition Transactions

This course is devoted to an in-depth analysis of one or more transactions for the purchase of a business entity. The focus of the course will be the perspectives and concerns of the buyers. We will also review the perspectives and concerns of each of the other major participants in the transaction and identify how these perspectives and concerns are reflected in the ultimate structure of the transaction and the associated documentation. This course is co-taught by School of Law and School of Management faculty, and is cross-listed with LAW856.

Credits: 3.00
Semesters offered:


MGF 657LEC Financial Innovation

This course introduces students to financial innovations and new products in the financial system. The course provides a general understanding of the financial evolution process, the causes and consequences of financial innovations, and the cost and value of these innovations. The course covers such topics as theory of financial innovation, the financial engineering process, birth and growth of new financial products, financial innovations and new debt, equity and derivative products, and the role of financial instruments in financial, investment and ristk management. The course emphasizes the motivations of financial innovation and methods to design financial instruments to solve complex financial problems and enhance investment returns.

Credits: 3.00
Semesters offered: Fall 2017


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12588 F1F LEC MW 9:30 - 10:50 a.m. Jacobs 112 Wu, Chunchi

MGF 658LEC M&A Strategy/Financing

Examines the development of the private equity and venture capital industries over the past 20 years. Students will learn the various aspects of identifying, analyzing, structuring and financing acquisitions. This will provide an in-depth study of the business concepts reflected in the legal documents analyzed in the existing course MGF 656 / LAW 856 Acquisition Transactions.

Credits: 3.00
Semesters offered: Fall 2017 | Spring 2018
Pre-requisite: MGF 633 or MGE 604 or MS Accounting


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12336 F1F LEC F 9 - 11:50 a.m. Alfiero 103 Dunbar, John Francis

Spring 2018 (01/29/2018 - 05/11/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
19164 S1F LEC F 9 - 11:40 a.m. Jacobs 112 Dunbar, John Francis

MGF 661LEC Mgmt of Fin Institutions

The financial services industry is very dynamic and continues to undergo dramatic changes. Many forces contribute to the changes including interest rates, overall market and credit factors, consolidation within the industry, and regulations. From this perspective, the course explores the basic management problems in the credit, investment, and financing administration functions of financial institutions, including commercial banks in the United States and abroad.

Credits: 3.00
Semesters offered: Fall 2017
Pre-Requisite: MGF 631 Or MGQ 606


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12381 F1F LEC MW 8 - 9:20 a.m. Alfiero 104 Suchak, Sudhir D.
12623 F2F LEC MW 2 - 3:20 p.m. Alfiero 103 Suchak, Sudhir D.

MGF 675LEC Multinational Banking and Finance

This course provides an in-depth study of practical applications and current issues faced by internationally active, large and complex banking organizations. Students will have an opportunity to further study how the changing landscape of multinational banks has affected commercial and international lending. We will also discuss key challenges today's corporate CFOs face in funding domestic and global business growth.

Credits: 3.00
Semesters offered: Fall 2017


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
20493 F1F LEC F 1 - 3:40 p.m. Alfiero 103 Suchak, Sudhir D.

MGF 685LEC International Finance Mgmt

This course is designed to familiarize students with several basic areas of international financial management, including foreign exchange markets, international financing and investment decisions, international financial markets, transfer pricing, and selected policy issues. In all these fields, theory, applications, and cases are equally emphasized. Typical topics include international financial accounting; speculating, covering, and hedging activities in foreign exchange markets; translation, economic and political risks; arbitrage operations; capital budgeting; the cost of capital and international capital asset pricing; and the determination of security prices.

Credits: 3.00
Semesters offered: Fall 2017
Pre-Requisite: MGF 611 and MGQ 608


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
12462 F1F LEC MW 3:30 - 4:50 p.m. Jacobs 110 Fotak, Veljko N
12545 F2F LEC MW 2 - 3:20 p.m. Jacobs 110 Fotak, Veljko N

MGF 690SEM Special Topics in Finance

Credits: variable
Semesters offered: Fall 2017


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
20388 F1F SEM Financial Analysis with R M 5 - 7:50 p.m. Jacobs 214 Yan, Yuxing

MGF 696LEC Portfolio Theory & Strategy

This course focuses primarily on stock investment strategies for active investors in inefficient markets and secondarily on portfolio strategies in efficient markets. Students will gain an understanding of the technical analysis of price movements, psychology of market participants, and multi-factor expected return models. Typical investment approaches such as value and growth investing are thoroughly examined.

Credits: 3.00
Semesters offered: Fall 2017
Co-Requisite: MGF 633


Fall 2017 (08/28/2017 - 12/08/2017)

Reg. Num. Section Type Topic Days Time Location Instructor
20238 F2F LEC MW 2 - 3:20 p.m. Alfiero 102 Tiu, Cristian-Ioan
12644 F1F LEC MW 5 - 6:20 p.m. Jacobs 122 Tiu, Cristian-Ioan

  • LAW 688 Securities Regulation

Only MGF 644 or MGF 645 (not both) may be used toward the finance concentration.

Finance Internships

Finance concentration students who do not have at least one year of qualifying work experience must complete a credit-bearing internship. Sample finance internship sites include:

  • A.G. Edwards
  • M&T Bank
  • Prudential Securities, Inc.
  • United Parcel Service
  • Rich Products
  • Perry’s Ice Cream
  • Morgan Stanley
  • Smith Barney
  • Sorrento Lactalis

Student Organizations

The Financial Management Association (FMA) offers you an opportunity to broaden your exposure to the various aspects of real-world finance through guest speakers, formal meetings and investment games. A typical yearly schedule includes speakers from such fields as banking, investment analysis and corporate finance. In addition, FMA sponsors activities in conjunction with other student organizations (such as the Society for Human Resources Management or the American College of Healthcare Executives) to keep pace with developments in other functional areas.

Department of Finance Faculty