The Master of Science in Finance provides specialized education for dynamic careers in corporate finance, financial institutions and investment management.

Students elect either the corporate finance or the investments concentration. The program is open to students with strong quantitative and analytical skills, regardless of their undergraduate major.

You may enroll on a full- or part-time basis, but course availability is greatest during the fall and winter semesters. The program usually can be completed within 12 months of full-time study. Admission is rolling, and you may begin the program in September or January. May admission is also usually possible for part-time students.

University of Michigan-Dearborn students who have been admitted to the MS-Finance may take up to 6 graduate credits during the final semester of their undergraduate program.

Curriculum for students admitted before Fall 2016

MS in Finance
The professors are very approachable, and this is very important to me because of my language barrier.
Akiko Clayton, MS in Finance ‘15

Corporate Finance Concentration

  • Prepares students to work with businesses' financial tactics and strategy
  • Available on campus, on-line, or a combination of the two

The Master of Science in Finance Corporate Finance Concentration requires 10 courses or 30 credit hours.

  • (0-4 courses/0-12 credit hours)

    ACC 505 - Developing and Interpreting Financial Information
    BE 530 - Economic Analysis: Firm and Consumer
    DS 520 - Applied Statistical Modeling
    FIN 531 - Finance Fundamentals and Value Creation

    Each is required, but at most 3 courses/9 credits of foundations may be counted toward the 30-credit degree requirement. Previous equivalent undergraduate or graduate coursework may qualify students to exempt any of the foundation courses. Students who are not eligible to exempt at least one of these courses would have to complete 33 credits in order to fulfill the degree requirements.

  • (3 courses/9 credit hours)

    FIN 581 - Topics in Corporate Finance
    FIN 650 - Corporate Valuation and Strategy
    FIN 652 - Derivatives and Risk Management

  • (2 courses/6 credit hours)

    Two courses from the following, at least one of which must be ACC 514, ACC 555 or ACC 608:

    ACC 514 - Financial Reporting
    ACC 516 - Advanced Financial Accounting I
    ACC 555 - Cost Management
    ACC 560 - Introduction to Federal Income Taxation
    ACC 601 - Information Technology Auditing
    ACC 603 - Controllership
    ACC 608 - Financial Statement Analysis
    ACC 660 - Advanced Federal Income Taxation

  • (2-5 courses/6-15 credit hours)

    BE 583 - The Global Economy: Crisis and Growth
    FIN 651 - Investment Process, Analysis and Management
    FIN 654 - Financial Intermediation
    FIN 655 - International Financial Management
    BA 690 - Graduate Research
    BI 500 - Business Internship

    At most one course from:

    DS 630 - Applied Forecasting
    DS 631 - Decision Analysis
    DS 632 - System Simulation

Investments Concentration

  • Prepares students to analyze investments, construct investment portfolios, and advise clients on investment selection and portfolio strategy
  • Available on campus, but includes some on-line course options
  • Calculus is not required for admission but is a prerequisite for the elective course FIN 656 (Fixed Income Securities)

The Master of Science in Finance Investments Concentration requires 10 courses or 30 credit hours.

  • (0-4 courses/0-12 credit hours)

    ACC 505 - Developing and Interpreting Financial Information
    BE 530 - Economic Analysis: Firm and Consumer
    DS 520 - Applied Statistical Modeling
    FIN 531 - Finance Fundamentals and Value Creation

    Each is required, but at most 3 courses/9 credits of foundations may be counted toward the 30-credit degree requirement.  Previous equivalent undergraduate or graduate coursework may qualify students to exempt any of the foundation courses.  

  • (4 courses/12 credit hours)

    ACC 608 - Financial Statement Analysis
    FIN 651 - Investment Process, Analysis and Management
    FIN 652 - Derivatives and Risk Management
    FIN 653 - Topics in Investments and Capital Markets

  • (3-6 courses/9-18 credit hours)

    BE 583 - The Global Economy: Crisis and Growth
    FIN 581 - Topics in Corporate Finance
    FIN 654 - Financial Intermediation
    FIN 655 - International Financial Management
    FIN 656 - Fixed Income Securities
    BA 690 - Graduate Research
    BI 500 - Business Internship

    At most one course from:

    DS 630 - Applied Forecasting
    DS 631 - Decision Analysis
    DS 632 - System Simulation

Program Details

    • Complete at least 15 BE and FIN credits, excluding BE 530 and FIN 531
    • Complete at least 30 credits in the degree program
       

    At most 3 courses/9 credits of the 4 required foundations courses may count toward the 30-credit degree requirement. Previous undergraduate or graduate coursework deemed substantially similar to ACC 505, BE 530, DS 520 or FIN 531 may qualify to exempt students from those courses. Exempt courses must be replaced with elective courses within the degree program.

    In addition, up to 6 transfer credits for previous equivalent graduate coursework can be applied to the degree if those credits have not been counted toward a degree.  

    Exemptions and transfer credit are granted at the discretion of the program faculty.

  • Goal 1:  Students will demonstrate analytical skills in solving problems.

    Objectives of the Corporate Finance concentration:  MS in Finance students will have the ability to:

    1. Analyze and manage risk in a global setting.
    2. Estimate the value of real assets.
    3. Evaluate managerial decisions concerning financial policy.​


    Objectives of the Investments concentration:  MS in Finance students will have the ability to:

    1. Analyze and manage risk in a global setting.
    2. Estimate the value of financial assets.
    3. Apply portfolio theory concepts to construct optimal risky assets portfolios that meet the objectives and constraints of their clients.


    Goal 2:  Students will be persuasive and/or informative communicators.

    Objective 1:  MS in Finance students will be able to convey finance knowledge through effective communication.