MS in Finance

The Master of Science in Finance at the University of Michigan-Dearborn prepares students for success in the financial professions. 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

Corporate Finance Concentration

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

Foundation Courses (0-4 courses/0-12 credit hours)

     

ACC 505
BE 530
DS 520
FIN 531

Developing and Interpreting Financial Information
Economic Analysis: Firm and Consumer
Applied Statistical Modeling
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.  

Required Courses (3 courses/9 credit hours)

FIN 581
FIN 650
FIN 652

Topics in Corporate Finance
Corporate Valuation and Strategy
Derivatives and Risk Management

Accounting Electives (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
ACC 516
ACC 555
ACC 560
ACC 601
ACC 603
ACC 608
ACC 660

Financial Reporting
Advanced Financial Accounting I
Cost Management
Introduction to Federal Income Taxation  
Information Technology Auditing
Controllership
Financial Statement Analysis
Advanced Federal Income Taxation

General Electives (2-5 courses/6-15 credit hours)

BE 583
FIN 651
FIN 654
FIN 655
BA 690
BI 500

The Global Economy: Crisis and Growth
Investment Process, Analysis and Management
Financial Intermediation
International Financial Management
Graduate Research
Business Internship

   At most one of the following:

DS 630
DS 631
DS 632

Applied Forecasting
Decision Analysis
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)

Foundation Courses (0-4 courses/0-12 credit hours)

      

ACC 505
BE 530
DS 520
FIN 531

Developing and Interpreting Financial Information
Economic Analysis: Firm and Consumer
Applied Statistical Modeling
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.  

Required Courses (4 courses/12 credit hours)

ACC 608
FIN 651
FIN 652
FIN 653

Financial Statement Analysis
Investment Process, Analysis and Management
Derivatives and Risk Management
Topics in Investments and Capital Markets

Elective Courses (3-6 courses/9-18 credit hours)

BE 583
FIN 581
FIN 654
FIN 655
FIN 656
BA 690
BI 500

The Global Economy: Crisis and Growth
Topics in Corporate Finance
Financial Intermediation
International Financial Management
Fixed Income Securities
Graduate Research
Business Internship

        At most one of the following:

DS 630
DS 631
DS 632

Applied Forecasting
Decision Analysis
System Simulation

General Requirements, Transfer Credit and Course Exemptions

  • 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.