Financial Risk Management Track

Are you ready for the next step in your finance career?

  • Immerse yourself in a rigorous introduction to risk diversification and measurement, portfolio theory, statistics, programming finance models in statistical software and Excel skills.
  • Apply your knowledge to such topics as foreign currency trading and risk, interest and inflation rate models and hedging strategies. You’ll also perform statistical analysis using big data, learn about investments, financial derivatives, fixed income securities and financial institutions.
  • Take courses in corporate finance, financial modeling, programming and independent research. You can even take graduate courses outside the Finance Department to complete a customized program that fits your interests.
  • Prepare for the CFA exam with a curriculum that matches the topics on the exams, to help you prepare for that career-differentiating certification.

Contact Us

Graduate Programs Office
School of Management
University at Buffalo
203 Alfiero Center
Buffalo, NY 14260-4010

Tel:  716-645-3204
Fax: 716-645-2341
som-apps@buffalo.edu
Meet our Team

The MS Finance is a STEM (science, technology, engineering and mathematics) curriculum with 36 credits typically completed in three semesters. Some students extend to a fourth semester, and UB undergraduates may be able to complete the program in two semesters. All majors are welcome to apply; however, business, math, economics and engineering majors are ideally suited to the program.

Currciulum

Fall Start

MGF 633LEC Investment Management

This course provides students with a general understanding of the operation of capital markets and basic analytical tools of investment management. Specifically, the course covers such topics as principles of valuation, risk analysis, modern portfolio theory, Capital Asset Pricing Model (CAPM), market microstructure, index models, arbitrage pricing models, bonds and common stocks valuation, efficient market hypotheses, investment management, and option pricing models.

Credits: 3.00
Semesters offered: Fall 2017 | Spring 2018


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


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


STEM or Non-STEM Elective (select one)

Spring Start

MGF 633LEC Investment Management

This course provides students with a general understanding of the operation of capital markets and basic analytical tools of investment management. Specifically, the course covers such topics as principles of valuation, risk analysis, modern portfolio theory, Capital Asset Pricing Model (CAPM), market microstructure, index models, arbitrage pricing models, bonds and common stocks valuation, efficient market hypotheses, investment management, and option pricing models.

Credits: 3.00
Semesters offered: Fall 2017 | Spring 2018


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


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


Note: MGF 641 counts towards finance concentration, not IA concentration.

STEM or Non-STEM Elective (select one)

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