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

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 the finance-related professions. Our Bloomberg Finance Lab allows you to earn your Bloomberg certification and manage real portfolios to help you stand out on the job market.

90% of MS-Finance students would reccomend the program to a friend

Admission and Enrollment

If you have strong quantitative and analytical skills, we welcome your application, regardless of your undergraduate major or previous work experience.

Admission Process

Admission is rolling, and you may begin the program in September or January. May admission is also usually possible for part-time students. 

Learn more about our admission criteria and process.

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

GMAT/GRE Waivers

Applicants with three years of professional work experience, a degree in business or engineering, or other credentials may be eligible to waive the GMAT/GRE admission requirement. If you believe you may qualify to waive the GMAT/GRE, simply answer "yes" in the appropriate question on the application for admission.

Enrollment Options

You can complete the MS in Finance in the evenings on campus, on-line, or any combination of the two. 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. The program usually can be completed within 16 months of full-time study.

Corporate Finance Concentration

  • Prepares you 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 10-11 courses or 30-33 credit hours.

Foundation Courses

(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

Previous equivalent undergraduate or graduate coursework may qualify students to exempt any of the foundation courses. Students may complete the MS-Finance in 30 credit hours if they have completed one or more equivalent courses, with a converted grade of "B" or better, before admission.  Otherwise, students complete all four foundation courses in the program, for a total of 33 credit hours.

Required Courses

(3 courses/9 credit hours)

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

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

Investments Concentration

  • Prepares you to analyze investments, construct investment portfolios, and advise clients on investment selection and portfolio strategy
  • Available on campus, on-line, or a combination of the two
  • 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 10-11 courses or 30-33 credit hours.

Foundation Courses

(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

Previous equivalent undergraduate or graduate coursework may qualify students to exempt any of the foundation courses. Students may complete the MS-Finance in 30 credit hours if they have completed one or more equivalent courses, with a converted grade of "B" or better, before admission.  Otherwise, students complete all four foundation courses in the program, for a total of 33 credit hours.

Required 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

General Electives

(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

Similar Degree Options

If you're looking for a broad degree in management but have an interest in finance, consider the online or campus MBA with the Finance concentration. Campus MBA students can also pursue their Bloomberg certification and manage portfolios in the Investment Fund Management course.  

Interested in math, statistics, or quantitative analysis? The MS-Business Analytics with the Financial Analytics concentration might be the best option for you.

Program Details

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.

Program Goals and Objectives

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.

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