MS Finance/MS Real Estate Development

Prepare to lead in one of the world’s most dynamic and influential industries.

Learn from experienced developers and real estate professionals in the resurgent City of Buffalo, a vibrant laboratory for applied study in proximity to global financial and employment centers in New York, Boston and Toronto. Join an industry that creates places where people live and work, develops local economies and employment, and shapes cities and environments.

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 School of Management and the School of Architecture and Planning offer a collaborative program leading to both the Master of Science in Finance (Financial Risk Management or Quantitative Finance track) and Master of Science in Real Estate Development (MSRED) degrees.

You can complete the collaborative MSF and MSRED in 2 ½ years and 75 credits. (If you were to complete the MSF and MSRED programs separately, it would take three years and 84 credits.)

Total Hour Requirements

Real Estate  Credits School of Management Credits
RED core courses
RED electives
MSRED credits
36
6-9
42-45
MSF core courses
MSF electives
MSF credits
24
9-12
30-33

Note: 6 credits of electives must be taken from MSRED and 6 credits must be taken from MSF.  3 credits (one class) can be selected from either department by the student.

Search School of Management courses and descriptions.

MSF/MSRED Collaborative Program (Financial Risk Management Track)

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 2019 | Spring 2020


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 2019
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 2019
Pre-Requisite: MGF 611 and MGQ 608.


STEM or Non-STEM Elective (select one)

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MSF/MSRED Collaborative Program (Quantitative Finance Track)

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 2019 | Spring 2020


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 2019


MGF 635LEC Financial Derivatives

Objectives of this technical course include providing students with knowledge of specific trading mechanics, basic economic concepts and technical asset valuation tools to successfully employ a wide variety of derivative securities into a risk management context; as well as to understand risk-return tradeoffs associated with specialized speculative strategies in derivatives markets. A broad survey of rapidly-changing forward, futures, options, swaps (and other related derivative types) is followed by emphasis upon asset pricing models of complex financial instruments using both classical economic theory and advanced mathematical techniques. Basic knowledge of differential calculus is expected. Basics of stochastic calculus will be covered. Students will be prepared to employ material learned into a corporate (or smaller firm) environment for management of business-related risk from fluctuating commodity prices, interest rates changes, foreign exchange fluctuations and construction of stock/bond investment fund 'portfolio insurance'.

Credits: 3.00
Semesters offered: Fall 2019 | Spring 2020
Co-Requisite: MGF 633 or MS Accounting Majors.


Elective (select one)

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