MS Finance Handbooks

2020-2021

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Financial Risk Management Track

First Semester Second Semester Third Semester Electives Prerequisites

If your undergraduate degree is in a non-business discipline, you must have completed business courses equivalent to those below:

View/search courses and descriptions.

  • Economics (Equivalent to MGE 302)
  • Finance (Equivalent to MGF 301) 
  • Statistics (Equivalent to MGQ 301)

If you do not have a business background, but are strong in math or a quantitative discipline like engineering, we encourage you to apply for the MS Finance program. If you are conditionally admitted, you may be required to complete a preparatory curriculum in accounting, economics, finance or statistics.

Financial Risk Management / Fintech Track

Fall 1 Spring Fall 2 Electives Prerequisites

If your undergraduate degree is in a non-business discipline, you must have completed business courses equivalent to those below:

View/search courses and descriptions.

  • Economics (Equivalent to MGE 302)
  • Finance (Equivalent to MGF 301) 
  • Statistics (Equivalent to MGQ 301)

If you do not have a business background, but are strong in math or a quantitative discipline like engineering, we encourage you to apply for the MS Finance program. If you are conditionally admitted, you may be required to complete a preparatory curriculum in accounting, economics, finance or statistics.

Quantitative Finance Track

First Semester Second Semester Third Semester Electives Prerequisites

If your undergraduate degree is in a nonbusiness discipline, you must have completed business and mathematics courses equivalent to those below:

If you do not have a business background, but are strong in math or a quantitative discipline like engineering, we encourage you to apply for the MS Finance program. If you are conditionally admitted, you may be required to complete a preparatory curriculum in accounting, economics, finance or statistics.

Quantitative Finance / Fintech Track

Fall 1 Spring Fall 2 Electives Prerequisites

If your undergraduate degree is in a nonbusiness discipline, you must have completed business and mathematics courses equivalent to those below:

If you do not have a business background, but are strong in math or a quantitative discipline like engineering, we encourage you to apply for the MS Finance program. If you are conditionally admitted, you may be required to complete a preparatory curriculum in accounting, economics, finance or statistics.

MSF/MSRED Collaborative Program (Financial Risk Management Track)

Fall 1 Spring 1 Fall 2 Spring 2 Fall 3

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 2020 | 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 2020
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 2020
Pre-Requisite: MGF 611 and MGQ 608.


STEM or Non-STEM Elective (select one)

MSF/MSRED Collaborative Program (Quantitative Finance Track)

Fall 1 Spring 1 Fall 2 Spring 2 Fall 3

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 2020 | 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 2020


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 2020 | Spring 2020
Co-Requisite: MGF 633 or MS Accounting Majors.


Elective (select one)

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If you need access to a MSF handbook previous to the 2017-2018 academic year please call the Graduate Program Office at 716-645-3204.