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MS in Finance

The Master of Science in Finance degree program is designed to prepare students for managerial careers in corporate finance, investment analysis and portfolio management, financial consulting and financial institutions. The analytical, deductive nature of the program creates financial professionals who can adapt to dynamic changes in the deregulated financial industry and its dramatic growth in investment options. Its courses prepare students to sit for the Certified Financial Analyst (CFA) exam.

Students may complete the program on a full-time or part-time basis, with the full-time program beginning exclusively in the fall semester.

Curriculum

The program of study consists of 10 courses and a comprehensive exam based on the finance courses completed by the student. The exam will be administered at the end of the studentís last term. Students must pass the exam to earn their degree.

Course Sem. Cr. Hrs.
ACCT-603 Accounting for Decision Makers 3
A graduate-level introduction to the use of accounting information by decision makers. The focus of the course is on two subject areas: (1) financial reporting concepts/issues and the use of general-purpose financial statements by internal and external decision makers and (2) the development and use of special-purpose financial information intended to assist managers in planning and controlling an organizationís activities. Generally accepted accounting principles and issues related to International Financial Reporting Standards are considered while studying the first subject area and ethical issues impacting accounting are considered throughout.
FINC-721 Financial Analysis for Managers 3
An examination of basic financial theories, techniques, and practices. Topics include: time value of money, valuation, capital asset pricing, risk and diversification, cost of capital, capital budgeting techniques and spreadsheet analysis. (Pre- or co-requisite: ACCT-603)
FINC-725 Securities and Investment Analysis 3
A survey of topics in investment analysis, including the study of financial markets, features of various financial assets and security pricing. Focus is on individual security analysis (as distinct from portfolio analysis). Asset pricing theory is used in valuing securities. Practical issues in equity valuation are discussed including risk evaluation, macroeconomic/industry/competitive analysis and the use of corporate SEC filings. (FINC-721)
FINC-760 Finance in a Global Environment 3
This course has a specific focus on international business problems that are financial in nature. Topics include an examination of the international environment the firm operates in, international investment, exchange rates and the management of risks arising from shifting exchange rates, and the problems of short and long-term asset and liability management. (Pre- or co-requisite: FINC-721)
FINC-722 Financial Management II 3
This advanced course in corporate finance focuses on financing policies, financial planning/control, and other advanced corporate topics. Specific topics include the financing process, alternative financing instruments, restructuring, cost of capital, corporate applications involving options, working capital management and the use of financial budgets/forecasts. (FINC-721)
FINC-740 Options and Futures 3
This course focuses on financial derivative securities. Their role in financial management is becoming increasingly important, especially in portfolio management. This course covers valuation of various options and futures as well as their use in risk management. Specific topics include options and futures pricing models, options strategies, and contemporary topics such as index arbitraging. (FINC-721)
FINC-742 Financial Modeling and Analysis 3
Students apply computer technology to solve finance-related problems using a variety of analytical methods. Analytical methods include spreadsheet modeling, mathematical optimization, regression, decision tree analysis and Monte Carlo Simulation. Typical topics covered are financial forecasting, pro-forma financial statements, equity valuation, cash budget forecasts, and portfolio analysis. This is a hands-on course that focuses on collecting, managing and analyzing financial data. (Pre- or co-requisite: FINC-721, FINC-722, FINC-725)
One 700-level Statistices Course 3
One 700-level Economics Course 3
One 700-level Finance Course 3
FINC-790 Field Exam 1
All MS-Finance students take a field exam at the end of their program. This course provides basic help to students taking this exam. (All required finance courses in the MS in Finance program)
Total Semester Credit Hours: 31

For more information on this program call 585-475-6916, send us an email, or request more information.

When you are ready to apply, you can do so through the RIT Office of Admissions for Graduate Programs.



Special Note: For students who enrolled prior to fall 2014, please visit the Office of the Registrar for historical course catalogs for download to view degree requirements.