Master of Science in Business Ethics & Compliance (MBEC)
NECB's Master of Science in Business Ethics & Compliance (MBEC) program is the first U.S. program of its kind. Long-term professionals and new hires will benefit from this course of study, which was developed in timely response to disasters like the sub-prime mortgage crisis. Regulatory standards for business transactions, oversight and financial management are stricter than ever, forcing corporations to require compliance training in order to improve efficiency. Rooted in standards of excellence, NECB's cutting-edge Master's program prepares graduates for compliance management while training them to exercise ethical judgment in the governance and operation of their companies.
M.S. Degree Benefits
NECB's Master's program advantages include:
- Coursework led by experienced business professionals and academic experts
- Career-building internships and extracurricular activities
- Convenient and flexible curriculum delivery
- Innovative curriculum that's applicable to a range of industries, including banking, government, recreation management and pharmaceutical sales
Program Details
This industry-leading program is directed by a staff of business professionals and faculty who are versed in regulatory issues, finance and accounting, government administration, information systems, business ethics and more.
Impacting Your Future
NECB's Master of Science in Business Ethics & Compliance was developed to help graduates achieve business success through the understanding and application of ethical procedures, guidelines and strategies. After obtaining their Master's of Science, graduates will feel confident in their ability to:
- Develop and implement compliance plans, policies and procedures
- Foster a workplace culture of ethics, responsibility and integrity
- Evaluate compliance risk and develop plans to mitigate that risk
- Work with state and federal regulators and financial service agencies
Career Options
Upon completion of their M.S. programs, NECB graduates will have the opportunity to be recruited by a number of industry-leading companies, non-profits and government organizations. Positions include:
- Compliance Officer
- Marketing Officer
- Corporate Auditor or Consultant
- Finance Compliance Education Coordinator
- Business Magazine Writer
Degree Planning
The worksheet below will assist you with designing your course schedule around degree requirements.
Course Descriptions
MBE501 Regulations and Regulators
Purpose: The purpose of this course is to understand the philosophy, history and context of regulations and regulatory agencies and apply to principles and perspectives of regulation within these regulatory bodies. Learners will evaluate and assess the external role of the compliance process, including federal, state and local regulations. Emphasis is devoted to a study of the complex regulatory environment that has grown up for financial services firms in an effort to safeguard the public's savings, bring stability to the financial system, and prevent abuse of financial services customers.
Back to top
HRM605 Employee & Labor Relations
Purpose: In this course, students consider the connections between employment issues and product markets, labor markets, and business strategies. The focus is on the effect of the constantly changing relationship between employers and their workers. Topics discussed include the complex structural, behavioral, and legal environment of management-employee relations with attention both to working with labor unions and to employee relations in settings in which workers are not collectively represented.
Back to top
MBE510 Governance, Ethics, and Compliance
Purpose: The purpose of this course is to understand, evaluate and assess the internal role of the compliance process. The focus is on evaluating and defining the role of management and the governing board in relation to ethics and compliance. The overall objective of the course is to introduce students to the wide of GEC (Governance, Ethics and Compliance) – to its infrastructure (the key components) and to its substance (the key issues). The course will explore the leading requirements of a solid GEC program as well as the leading governance, compliance and corporate responsibility issues and risks facing organizations today as well as how to recognize red flags, key indicators and warning signals.
Back to top
MBE515 Enterprise Risk Management
Purpose: This course will survey the evolving topic of Enterprise Risk Management (ERM) specifically focusing on key elements of the process that are of most importance to banks and other financial service companies. Students will develop an understanding of the global framework within which the discipline of risk management is maturing. Students will learn how to identify, measure, and manage risk, within the context of the firm, using a number of technical and non-technical tools. A description of the current legal and regulatory framework as well as best practices surrounding risk management, compliance, and ethics, will also be covered.
Back to top
MBE525 Fraud Examination and Techniques
Purpose: This course introduces the basic fundamentals behind fraud and its impact on the business world. It aids in gaining an understanding of the significance of fraud in the modern accounting world. This course prepares you to identify, detect, investigate, and prevent financial fraud. It outlines the nature of fraud and the different types of fraud, to include unique e-business fraud that is now possible in today's technological world. This course also touches on cutting edge elements of data analysis in fraud detection as well as the investigation and concealment of information. It will explore consumer fraud activities, as well as tax fraud strategies and methods. A specific focus will be on the financial statement fraud standards to include SAS 99 and Sarbanes Oxley impacts.
Back to top
MBE540 Corporations and Compliance: Case Studies
Purpose: The purpose of this course is to identify and assess both how corporations "went wrong" and what corporations consistently "do right" in business ethics and corporate compliance. Student will identify specific areas of regulatory and non-compliance based on actual case studies. They will also examine specific corporate policies and procedures which have been successful in creating a positive and productive corporate compliance culture.
Back to top
MBE550 Conducting Internal Investigations
Purpose: Most executives and HR professionals will have to conduct at least one formal investigation during their careers. Many will have to do so on numerous occasions for reasons such as theft, drug use or possession, discrimination, threats, assaults or sexual harassment. This course is a guide to conducting thorough and lawful internal investigations. Investigative legal ramifications, principles and techniques will be examined in this course.
Back to top
MBE560 The Culture of Ethics and Compliance
Purpose: The purpose of this course is to provide a broad overview and summary of business ethics within the competitive business environment. Students will be asked to reflect on fundamental ethical principles and practices and assess the application of those ethical principles and practices to specific corporate and business cultures. Students will also have the opportunity to research a specific area of interest and write a thesis paper, or identify a problem within a work environment and develop a plan to solve that problem. The purpose of the thesis paper is to have the student demonstrate his or her ability to apply the knowledge acquired in the program to an actual work setting and to utilize skills of observation and analysis as demonstrated in a formal paper.
Back to top
MBE565 International Business Ethics, Compliance and Law
Purpose: This course is designed to prepare students to understand and synthesize certain essential aspects of international business ethics and compliance. In an increasingly global marketplace, it is particularly useful to comprehend the policies, practices and values of companies in different nations. This course covers such concepts as they relate to social and ethical responsibilities of multinational corporations and other business organizations in the private sectors of different regions of the world. Students will explore the social, cultural and ethical norms of businesses in certain countries in various regions, including North America, Europe, Asia, South America and Africa. Throughout the course, students will discuss and analyze different case studies that exemplify key issues in international business ethics and compliance.
Back to top
MBE570 Capstone: Ethics and Compliance
Purpose: This course is designed for students to apply all of the principles and theories, including compliance standards, practices, and structures learned throughout the program. It is designed to detail the role and responsibilities required for this newly emerging and increasingly influential and relatively new profession. Knowledge, skills, and abilities required in this multifaceted position will be examined, as well as establishing reporting and accountability standards. Students are required to develop a comprehensive compliance program. Textbooks for MBE570 - No required purchases. See course syllabus for more information.
Back to top
ACC501 Forensic Accounting in Financial Services
Prerequisite: ACC201 Accounting I and ACC202 Accounting II
Purpose: This course offers a thorough examination of the current methods and legal concerns for detection and prosecution of economic crimes. The course walks through the forensic process of initial detection, indictment and finally to gaining a conviction from the accountants standpoint. A thorough discussion will be covered on organized crime activities such as gambling, fraud, and money laundering, as well as how to detect and trace this type of activity. This course examines how prosecutors enable tax code violations, offshore banking violations, and the Rico statutes to gain conviction of fraudulent and illegal crimes. The forensic accountant is the chief tool used in this process from the standpoint of initial detection, information gathering, and supporting the case from an expert witness and subject matter expert. It is this forensic knowledge and ability that allows for these types of crimes to be detected, and brought to an end within publicly traded organizations today.
Back to top
ACC520 Forensic Data Analysis
Prerequisite: ACC201 Accounting I and ACC202 Accounting II
Purpose: This course covers the data collection and analysis aspect of forensic science applied to both the accounting and computer world. Most digital evidence is stored within the computer's file system, but understanding how file systems work is one of the most technically challenging concepts for a digital investigator because there exists little documentation. This course prepares you to understand and be able to testify about how file system analysis is performed. This course begins with an overview of investigation and computer foundations and then gives an authoritative, comprehensive, and illustrated overview of contemporary volume and file systems: crucial information for discovering hidden evidence, recovering deleted data, and validating your tools. Along the way, the course examines data structures, analyzes example disk images, provides advanced investigation scenarios, and uses today's most valuable open source file system analysis tools. This course relies heavily on the fundamentals presented within the Certified Fraud Examiner (CFE) and Certified Forensic Accountant (CFA) credentialing authorities.
Back to top
ACC525 Asset Recovery & Loss Prevention
Prerequisite: ACC201 Accounting I and ACC202 Accounting II
Purpose: This course has been designed to introduce forensic accountant students to the basics of loss prevention and asset recovery principles employed within the business industry today. This course functions as a bridge between physical security and computer security as it requires that both be in sync with one another to fully prevent loss within the enterprise. Proven strategies for prevention of fire, crime, error, fraud, and mismanagement actions are presented. The focal point of this aspect of the forensic accounting process is to not only prevent the loss, but also put in place proper tools for recovering a loss if uncovered during an investigation. Strategies for doing this will be provided and discussed in detail during this course. Forensic accountants must be prepared for advances in technology, and the ever-evolving open door that these technologies present from a loss prevention and recovery process.
Back to top
ACC530 The Forensic Audit
Prerequisite: ACC201 Accounting I, ACC202 Accounting II, and ACC501 Forensic Accounting or Permission of the College
Purpose: This course provides an overview of forensic accounting fraud auditing and investigative accounting techniques and tools. Fraud is no simple vice for business. Recent years have seen it grow both in size and complexity, to the point where some estimates place losses due to fraud at well over $100 billion a year. With the increasing complexity of financial structures and the intensity of business competition, fraud has become harder to detect and more enticing to commit. Much of the responsibility for the detection of fraud has fallen to the accounting profession, forensic accountants must learn how to recognize its signs early on and how to best approach and investigate potential cases. This course focuses on the investigation, detection, documentation, and prevention of accounting frauds, stock frauds, and employee theft and embezzlement. It provides an in-depth analysis of how fraud occurs within an organization and explains the latest techniques for fighting it.
Back to top
To request more information the Master of Business Ethics & Compliance degree program or to inquire about admission status, or financial aid opportunities, call 800-997-1673.
In an effort to keep our students and prospective students informed, the following consumer information is provided as required by federal regulations.
This program of study is designed to prepare students for the types of occupations listed below. The occupations listed are based on federal government information and represent the types of positions for which the program generally prepares graduates. The College makes no representation or warranty that its graduates have obtained these positions or that any future graduates will obtain these positions.
The information below is based on current and historical data and does not constitute a promise or guarantee of future performance. There are many factors that will change the cost of a program, the time to complete the program, or the amount of debt that an individual may incur in order to complete the program, including transfer credits, eligibility for grants or scholarships, the decision whether to attend on a full- or part-time basis, course failures, and non-continuous attendance. The following represents general program information that may vary for individual students based on their circumstances and campus locations. The College reserves the right to adjust tuition and fees and to add or delete programs of study at any time, in accordance with applicable statutes and regulations.
Success
| Q: |
What is the reported completion time for this program, assuming continuous, full-time enrollment?
|
| A: |
This program is designed to take 50 weeks to complete.
|
| |
The length of the program will vary based on individual circumstances such as choosing to attend less than full time, failing or retaking a course or courses, changing programs, or choosing to take a greater than full-time course load.
|
| Q: |
What percentage of students completes this program within this time frame?
|
| A: |
N/A
|
| |
The completion rate is calculated based on the cumulative results of students at all locations that offer this program, who completed between July 1, 2011 and June 30, 2012. The completion rate is calculated using the formula provided by the U.S. Department of Education. It may not include all graduates who actually graduated from the program within the maximum allowable timeframe. To protect the privacy of our students, programs with less than ten completers within an award year will be listed as "N/A."
|
Placement rates are not required to be calculated by the New England Association of Schools and Colleges (NEASC). However, please feel free to contact the campus with an placement questions or to request and placement information.
|
Financing
| Q: |
What financing options are available to pay for this program?
|
| A: |
In addition to any grant and scholarship aid for which they are eligible, students may use loans to finance their education. The median debt for program graduates is as follows. |
| |
Federal loans: |
N/A
|
| |
Private educational loans: |
N/A
|
| |
Institution financing plan: |
N/A
|
| |
The median loan debt for Federal loans is calculated based on students who graduated between July 1, 2011 and June 30, 2012, using the formula provided by the U.S Department of Education. An individual's loan debt will vary based on individual factors such as a student's decision to pay for the program from sources other than student loans or to borrow more than is needed to pay the direct costs of education, transfer credits, course failures, and program changes. Private educational loan data are based only on information reported to the College. To protect the privacy of our students, programs with less than 10 completers with an award year will be listed as "N/A".
|
Cost
| Q: |
What is the current cost of this program? (may vary by campus)
|
| A: |
Tuition and fees: |
$24000.00 |
| |
Books and supplies: |
$1000.00 |
| |
On-campus room & board: |
Not offered |
| |
The amount quoted does not factor in individual circumstances such as transfer credits, course failures, and price changes. The College does not offer on-campus room and board. The amount quoted reflects the maximum amount of tuition and fees charged that have been charged for this program at the time this disclosure was published. Tuition and fees are subject to change at the discretion of the College. Please contact the campus staff for the most current and accurate tuition and fee information available.
|
