Quantitative Finance Track

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

  • Focus on equity, bond and derivative markets in a curriculum built on advanced mathematics, finance and statistics.
  • Hone your skills in such topics as traditional CFA-relevant finance principles, quantitative methods, complex financial instruments and mathematical modeling using stochastic calculus.
  • Prepare for a wide variety of finance careers, from managing foreign-exchange risk for a multinational corporation, to designing complex corporate securities at an investment banking firm, to managing interest rate risk using derivatives at a major commercial bank.

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 undergraduate students may be able to complete the program in two semesters. All majors are welcome; however, business, math, economics and engineering majors are ideally suited to the program, provided you have the requisite calculus background.

Curriculum

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MGA 604LEC Fin Analysis & Reporting

This course provides an introduction to the fundamental concepts and issues of financial accounting with emphasis on the interpretation of financial statements. The course addresses the economic consequences of transactions and their presentation on corporate financial statements. A primary objective is to introduce corporate financial statements as a tool for company valuation and decision making. Emphasis is on the analysis of effects of decisions on financial performance and use of financial statements to evaluate organizations.

Credits: 3.00
Semesters offered:


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 2018 | Spring 2018


MGE 602LEC Global Economics

This purpose of this course is to provide business students with six core abilities in macro/global economics: 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:


MGE 692 Special Topics in Economics

This course is not offered.

MGF 632SEM Corporate Governance & Finance

Credits: 3.00
Semesters offered: Fall 2018
Pre-requisite: MGF 611 or MGF 631 (or equivalent)


MGF 639SEM Security Trading

Credits: 3.00
Semesters offered: Fall 2018
Pre-requisite: MGF 611 or MGF 631 (or equivalent)


MGF 641LEC Financial Policies and Strategies

This course provides an in-depth treatment of corporate finance concepts for all finance majors, with the purpose of furthering students' understanding of major corporate financial policies and decisions. These decisions include choosing between competing investment opportunities, measuring risk and return, how to value a business, how much debt to issue, how much equity to issue, what level of dividend to payout, and incentive structure for managers, and so on. The course starts with a discussion on corporate financial goals and corporate governance issues. It then proceeds to cover topics that center on corporate investment decisions, corporate valuation, and capital structure issues.

Credits: 3.00
Semesters offered: Fall 2018 | Spring 2018


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

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


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 2018


MGF 658LEC M&A Strategy/Financing

Provides a detailed understanding of the merger and acquisition process, both from the sell-side (using auctions or negotiated sale processes) and the buy-side (including the perspective of strategic buyers and private equity firms). Students will learn key aspects of acquisition strategy, deal structure, valuation, due diligence, financial modeling, accounting and regulatory issues, as well as preparation and presentation of oral and written investment memorandums. The course will also introduce the financing and transaction documents necessary to consummate an acquisition and steps to improve post-closing success.

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


Fall 2018 (08/27/2018 - 12/07/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
12211 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 2018
Pre-Requisite: MGF 631 Or MGQ 606


MGF 685LEC International Finance Management

This course is designed to familiarize students with the core concepts related to international financial management, including foreign exchange markets (from institutional details to quantitative models for the forecasting of future exchange rates), currency risk derivatives (spanning both a discussion of contract characteristics and quantitative methods for pricing and valuation of currency forwards, options, and swap contracts), quantitative approaches for risk management and hedging in cross-border settings, quantitative analysis of currency arbitrage operations, analysis of translation, economic, and political risks, cross-border financing, issues with cross-border taxation, analysis of institutional details and recent statistics on foreign debt and equity markets, and other topics.

Credits: 3.00
Semesters offered: Fall 2018
Pre-Requisite: MGF 611 and MGQ 608


Fall 2018 (08/27/2018 - 12/07/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
12335 F1F LEC MW 3:30 - 4:50 p.m. Jacobs 110 Fotak, Veljko N

MGF 694LEC Financial Modeling Using "R"

This course utilizes "R," instead of Excel, as the computational tool. Students will learn how to download and process public data associated with economics, finance and accounting. Students will also learn how to apply "R" to various finance theories.

Credits: 3.00
Semesters offered: Fall 2018
Pre-requisite: Two graduate courses, preferably Co


Fall 2018 (08/27/2018 - 12/07/2018)

Reg. Num. Section Type Topic Days Time Location Instructor
25037 F1F LEC M 5 - 7:50 p.m. Jacobs 214 Yan, Yuxing

MGF 691 Special Topics in Finance

This course is not offered.

An alternative graduate course may be approved by the program director as an elective

Note: Not all electives are offered every semester.

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