The dual MBA/MS in Finance combines a broad managerial education with specialized training required for success in the financial professions.

Whether you select the corporate finance or the investments concentration, the Master of Science in Finance at the University of Michigan-Dearborn will help prepare you to succeed in your chosen finance profession, and the MBA will provide you with the perspective to help manage your organization and the people who work in it. If you have strong quantitative and analytical skills, we welcome your application, regardless of your undergraduate major or previous work experience.

The dual MBA/MS-Finance allows students to receive both the MBA and MS-Finance simultaneously upon completion of the required 57-66 credit hours.

You may complete the program on campus, on-line, or any combination of the two, depending on which program options you select. You may enroll on a full- or part-time basis during the fall and winter semesters, and some courses are often available during the summer. 

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 MBA/MS-Finance may take up to 6 graduate credits during the final semester of their undergraduate program.

Curriculum

The MBA/MS-Finance requires 19-22 courses or 57-66 credit hours.

MBA Core Courses

(5 courses/15 credits)

BPS 516 - Corporate Social Responsibility
ISM 525 - Computer and Information Systems
MKT 515 - Marketing Management
OB 510 - Organization Behavior
OM 521 - Operations Management

MBA Applied Integrated Management (AIM)

(4 courses/12 credits in three areas)

  • International Business (3 credits) from: BE 583 The Global Economy: Crisis and Growth (no credit if you have already completed BE 580), FIN 655 International Financial Management, MKT 622 Global Marketing, OB 610 International Dimensions of Management
  • Capstone (3 credits): BPS 535 Strategic Planning and Decision Making
  • General AIM Courses (6 credits) from: ACC 616 Corporate Actions and Reactions, BA 605 Managerial Decision Making, BA 611 Organizational Economics, BPS 585 Managing Strategic Innovation and Change
MBA Electives or Optional Concentration

(3 courses/9 credits)

Tailor the degree to your own interests with an optional MBA concentration in Accounting, Business Analytics, Human Resource Management, International Business, Information Systems Management, Marketing, or Supply Chain Management. (Students in the dual-degree program may not earn the MBA Finance concentration.) 

Alternatively, you may elect courses from our extensive list of graduate business courses. Students may count up to 3 credits in non-business graduate courses or Business Internship (BI 500, 505, or 560) toward the MBA electives with the approval of the Graduate Programs Office.

MSF Foundation Courses

(0-4 courses/0-12 credits)

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 57-66 required credits. Previous equivalent undergraduate or graduate coursework may qualify students to exempt any of the foundation courses. 

Finance Concentrations

Students choose either the MSF Corporate Finance concentration or the MSF Investments concentration.

MSF Corporate Finance Concentration

This concentration prepares students to work with businesses' financial tactics and strategy. Courses are available on campus or on-line.

MSF Required Courses

(3 courses/9 credits)

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

MSF Accounting Electives

(2 courses/6 credits)

Two courses from the following, at least one of which must be ACC 555, ACC 608 or ACC 614:

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

MSF General Electives

(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
FIN 657 - Investment Fund 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

MSF Investments Concentration

This concentration prepares students to analyze investments, construct investment portfolios, and advise clients on investment selection and portfolio strategy.

Calculus is not required for admission but is a prerequisite for the elective course FIN 656 (Fixed Income Securities).

MSF Required Courses

(4 courses/12 credits)

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

MSF Elective Courses

(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
FIN 657 - Investment Fund 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

Program Details

Breadth Requirements
  • Complete MBA AIM courses in at least 3 different disciplines
  • Complete no more than 4 AIM, MBA Concentration, and Elective courses (12 credits) in any one discipline other than Finance
  • Complete at least 5 BE and FIN courses (15 credits), excluding BE 530 and FIN 531
  • Complete no more than 7 courses (21 credits) in Finance, excluding FIN 531
  • Complete graduate business courses in at least 7 different disciplines 
     

No single course may be counted toward more than one requirement or concentration in the dual degree program. (For example, you may not use the same course to fulfill both an AIM and a concentration requirement).

Course Waivers, Exemptions and Transfer Credit

MBA Core Course Waivers

Students may waive BPS 516, ISM 525, MKT 515, OB 510 or OM 521 if they have equivalent courses in an AACSB business program completed within the previous 10 years and have earned at least a 3.2 post-60 GPA (that is, your GPA in courses taken after your first 60 undergraduate credit hours). Students who do not meet these criteria may request to have their courses evaluated for waiver credit at the time of admission. Students must have earned a B or better in equivalent courses as a part of a degree program completed within the previous 10 years.  
 

MSF Foundation Course Exemptions

Previous coursework deemed substantially similar to ACC 505, BE 530, DS 520 or FIN 531 may qualify to exempt students from those courses. Students who use more than one MSF Core Course exemption must replace those courses with elective courses within their MSF concentration.

 

Regardless of waiver and exemption credits granted, students must earn at least 57 credits in the dual-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, waivers and transfer credit are granted at the discretion of the program faculty.

Program Goals and Objectives

Master of Business Administration

Goal 1: Students will have an understanding of the core business disciplines and be able to apply this knowledge to global business situations.

Objectives: MBA students will:

  1. Demonstrate knowledge of disciplinary concepts, terminology, models, and perspectives.
  2. Identify business problems and apply appropriate solutions (problem-finding/problem-solving).
  3. Integrate knowledge across disciplinary areas (integrative thinking).
  4. Apply knowledge in a global environment.
     

Goal 2: Students will be effective communicators.

Objectives: MBA students will:

  1. Demonstrate an ability to effectively communicate in a manner that is typically required of a business professional.
     

Goal 3: Students will appreciate the importance of ethical/corporate social responsibility principles.

Objectives: MBA students will:

  1. Identify and explain alternative approaches to ethical/corporate social responsibility issues.

Master of Science in Finance

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.

College of Business Graduate Office

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