The information below is for those students entering the program in Fall 2017.
You must take at least two STEM electives out of the four electives in the financial risk management (FRM) track.
In this course, students will use financial econometric models to analyze problems of model specification, estimation, analysis and forecasting commonly faced by analysts in financial markets. The course materials cover the measurement and estimation of asset returns, earnings, macroeconomic data, risk and related applications in financial data analysis and visualization. Topics include regression analysis of time series/ARIMA models, multiple regression specifications and models of asset volatility including ARCH and GARCH. Throughout the course, students will use the statistical functions of the R programming language to analyze, model and forecast a variety of financial data.
Credits: 3
Semesters offered: Fall 2023 | Spring 2024
"This course is broken into two segments. In the first segment we¿ll learn about IPOs, an introduction to the trading process and how it works, and complete the Bloomberg Market Concepts Certification which will cover Economic Indicators, Currencies, Fixed Income, Equities along with introductions to Cryptocurrencies and Bitcoin. Students will be introduced to the early leaders in algorithmic trading and document their own trading strategies. In the second segment of the course, students will gain a solid understanding of order types, ECNs, and the different types of participants in our markets. We will cover topics such as the impact of High Frequency Trading and the usage of Dark Pools."
Credits: 3
Semesters offered:
Pre-Requisite: MGF 611 or MGF 631 (or equivalent)
This course provides an in-depth study of practical applications and current issues faced by internationally active, large and complex banking organizations within the financial markets. In the first segment we will learn financial concepts such as ratio analysis, cash flow determination, and understand how Banks assess the relative risk of a corporation within the financial markets. We will then apply risk model using live case studies to assess the corporation's default risk. In the second segment we will focus on international trade finance and foreign exchange and how Banks assist corporations in hedging foreign exchange transactions. Working on case studies, students will learn international arbitrage, derivation of the International Fisher Effect, and understand and apply using practical applications currency futures, forwards and options in the international foreign exchange markets.
Credits: 3
Semesters offered: Fall 2023 | Spring 2024
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
Semesters offered:
Pre-Requisite: Two graduate courses, preferably Co
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
Semesters offered:
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
Semesters offered: Spring 2024
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
Semesters offered: Fall 2023
Fall 2023 (08/28/2023 - 12/11/2023)
Reg. Num. | Section | Type | Topic | Days | Time | Location | Instructor |
11690 | F1F | LEC | T | 8 - 10:50 a.m. | Baldy 101 | Tiu, Cristian I |
Students taking this course should expect to learn about financial derivatives. Among others, students will learn about how to price financial derivatives and how to incorporate various real-world frictions into binomial trees and stochastic processes (such as underlying the commonly used Black & Scholes model). In a case-study we will use R programming to replicate the risk-neutral price of a variance swap (underlying the so called Volatility Index or VIX). The course will be of particular interest for students who contemplate pursuing a career in the financial industry, e.g. as a Quantitative Analyst. The required prior courses depend on your trajectory (e.g., MGF 633 "Investment Management" or MGF 634 "Quantitative Methods in Finance"). Please consult your study guide for details. In general, students are expected to possess good knowledge of mathematics and statistics. Students should also feel comfortable with Excel and some basic programming knowledge will be helpful. Mathematical, statistical, and Excel skills required for this course will be reviewed during the course.
Credits: 3
Semesters offered: Spring 2024
Spring 2024 (01/24/2024 - 05/07/2024)
Reg. Num. | Section | Type | Topic | Days | Time | Location | Instructor |
11168 | S1F | LEC | MW | 11 a.m. - 12:20 p.m. | Jacobs 110 | Roesch, Dominik Maximilian |
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
Semesters offered: Fall 2023
This course is not offered.
The objective of this course is to explore how institutions and leaders create value for their internal and external constituents by examining corporate governance and its respective nomenclatures.
Credits: 3
Semesters offered:
Pre-Requisite: MGF 611 or MGF 631 (or equivalent)
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
Semesters offered:
Pre-Requisite: MGF 611 or MGF 631 or equivalent or
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
Semesters offered: Fall 2023
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
Semesters offered:
Pre-Requisite: MGF 633 or MGE 604 or MS Accounting
This course is not offered.
One other graduate course may be approved by the program director as an elective.
Note: Not all electives are offered every semester.
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
Semesters offered:
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
Semesters offered: Spring 2024
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
Semesters offered: Fall 2023
This course is not offered.
The objective of this course is to explore how institutions and leaders create value for their internal and external constituents by examining corporate governance and its respective nomenclatures.
Credits: 3
Semesters offered:
Pre-Requisite: MGF 611 or MGF 631 (or equivalent)
"This course is broken into two segments. In the first segment we¿ll learn about IPOs, an introduction to the trading process and how it works, and complete the Bloomberg Market Concepts Certification which will cover Economic Indicators, Currencies, Fixed Income, Equities along with introductions to Cryptocurrencies and Bitcoin. Students will be introduced to the early leaders in algorithmic trading and document their own trading strategies. In the second segment of the course, students will gain a solid understanding of order types, ECNs, and the different types of participants in our markets. We will cover topics such as the impact of High Frequency Trading and the usage of Dark Pools."
Credits: 3
Semesters offered:
Pre-Requisite: MGF 611 or MGF 631 (or equivalent)
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
Semesters offered: Fall 2023 | Spring 2024
Note: MGF 641 counts towards finance concentration, not IA concentration.
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
Semesters offered:
Pre-Requisite: MGF 611 or MGF 631 or equivalent or
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
Semesters offered: Fall 2023
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
Semesters offered:
Pre-Requisite: MGF 633 or MGE 604 or MS Accounting
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
Semesters offered: Fall 2023
Pre-Requisite: MGF 611 or MGQ 608 and MGQ 609 or a
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
Semesters offered: Fall 2023
Pre-Requisite: MGF 611 and MGQ 608 or MS Finance S
Fall 2023 (08/28/2023 - 12/11/2023)
Reg. Num. | Section | Type | Topic | Days | Time | Location | Instructor |
11566 | F1F | LEC | MW | 3:30 - 4:50 p.m. | Jacobs 106 | Fotak, Veljko N | |
22795 | F2F | LEC | MW | 12:30 - 1:50 p.m. | Alfier 103 | Fotak, Veljko N |
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
Semesters offered:
Pre-Requisite: Two graduate courses, preferably Co
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.