Master of Science in Finance (MSF)
The Master of Science in Finance program at New England College of Business is designed to meet the academic and skill needs of those who desire a career in modern finance. The program is academically rigorous and has proven to be most useful to those pursuing careers within the following areas of finance: asset management, debt, equity, and commodities trading, investment banking, mutual funds, hedge funds, insurance. This accelerated graduate degree program requires 10 courses and can be completed within 16 months of continuous enrollment.
Using both theoretical and applied methods, the MSF program prepares students to enter the field of finance or advance in their current positions. Upon completion of the program, MSF alumni are expected to:
- Gather, examine, and interpret financial market data
- Research and develop investment plans
- Develop and utilize financial models
- Devise profitable trading strategies utilizing currencies and commodities
- Utilize derivatives for the purpose of speculation and financial risk management
- Identify and address ethical dilemmas in finance
As a final deliverable all MSF students will construct a comprehensive investment analysis report on par with those found in the financial press.
To receive unconditional admission, candidates must hold an undergraduate degree from a regionally-accredited institution and have a final cumulative GPA of 2.7 (B-). Also required is completed coursework in finance, statistics, calculus, economics, or accounting at either the undergraduate or graduate level. Those candidates who have not may be granted conditional admission and be required to complete additional undergraduate-level courses.
A host of employment opportunities are available to holders of an MSF degree. Sample career titles include:
- Financial Analyst
- Investment Advisor
- Financial Planner
- Director of Finance
- Chief Financial Officer
- Treasury Officer
- Bank Examiner
- Portfolio Manager
- Stock Trader
- Bond Trader
The course curriculum along with the knowledge and skills acquired while obtaining the MSF degree offers excellent preparation for an individual to pursue the following professional designations:
- Certified Financial Planner (CFP)
- Chartered Financial Consultant (ChFC)
- Chartered Financial Analyst (CFA)
Course Descriptions and Sample Syllabi
The course curriculum fosters critical thinking, research, and the development of analytical skills in demand within the financial services industry:
Purpose: This is the first or second course which MBA and MSF students take in the graduate program. It provides an applied approach to the use of quantitative models in managerial decision analysis. The course focuses on data collection, testing, analysis, and presentation of research findings. Upon completion of the course, students should be able to utilize statistical data in decision making, apply regression analysis techniques, demonstrate the ability to perform hypothesis testing, and build statistical models using Excel spreadsheets. A mid-level working knowledge of Microsoft Excel is necessary to successfully complete the course.
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Purpose: Financial Markets explores the features and functions of the key financial markets along with the institutions that serve the markets. Specifically, this overview compares and contrasts the equities, debt, money, and mutual fund markets. It analyzes the individual markets, as well as the interaction among them. The course also focuses on the Federal Reserve System: its integration with the investment market industry and how it affects economic conditions.
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Purpose: This is the first or second course which MSF students take, and one of the 12 core courses that MBA students take, as part of their respective graduate programs. This course deals with managing business funds and planning their use to accomplish organizational objectives. The primary objective of this course is to introduce the fundamental skills required to manage the financial aspects of a business as well as create and maintain organizational value. The main topics include: time value of money; financial statement analysis; valuation concepts; Weighted Average Cost of Capital (WACC); capital budgeting techniques; uncertainty & trade-off between risk and return; and the Security Market Line (SML). A basic working knowledge of a financial calculator and/or Microsoft Excel is necessary to successfully complete the course.
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Purpose: To provide an in-depth analysis of the securities industry. It describes and compares the different types and features of advanced securities such as mortgaged backed, asset backed, and derivatives. The course introduces a securities market model describing the various participants such as banks, brokers, insurance companies, mutual fund companies, and investment advisors. Within this model, business and system requirements for investment management and trading, custody and securities processing, and securities accounting are described in detail. It also presents future industry challenges.
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Purpose: The course introduces the student to global financial markets and operations of multinational firms. Topics to be discussed will include foreign exchange markets, international financial markets, international banking, international trade tariff and quotas, Euromarkets, and investment decisions in the global marketplace.
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Purpose: In this course, students will develop and build comprehensive financial models relative to various corporate finance and investment scenarios. Excel and VBA macros will be used to build models for financial forecasting, Time Value of Money, Amortization, Financial Planning and investment pricing. A mid-level working knowledge of Microsoft Excel is needed to successfully complete the course. Basic knowledge of Microsoft Visual Basic for Applications (VBA) is also helpful.
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Purpose: The course is designed to foster an understanding of derivativesâ€”primarily forwards, futures options, swaps, collateralized debt obligations and credit default swaps. This is achieved through an introduction of the basic techniques of pricing and trading. The course also focuses on the usage of these instruments for speculation and risk management.
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Purpose: The course examines the state of ethics in the financial industry. Students will observe how the culture of the finance industry serves as an impediment to ethical behavior and compliance with current regulations and propose solutions to finance-related ethical dilemmas. These issues will be critically analyzed relative to agency relationships, market transactions, fiduciary responsibility as well as SEC and FINRA regulation of investment activity.
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Purpose: This course identifies and evaluates business and personal risk using insurance as a risk management tool. Students will study introductory and advanced topics in risk management as well as life, health, property and liability insurance with their related legal and compliance issues.
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Purpose: The Financial Capstone is the final course in the MSF Program. The purpose of the course is for the student to demonstrate a broad mastery of the knowledge and skills gained throughout the program. Through a combination of theoretical and applied financial concepts and techniques, the expected outcome of the course is the production of a high quality investment analyst report on par with those seen in the financial press. This final project should demonstrate the studentâ€™s expertise in the field of finance.
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To request more information the Master of Science in Finance degree program or to inquire about admission status, or financial aid opportunities, call 800-997-1673.
Consumer Information for
Master of Science in Finance (Master's)
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.
|Business Teachers, Postsecondary||25-1011.00|
|Financial Managers, Branch or Department||11-3031.02|
|Fraud Examiners, Investigators and Analysts||13-2099.04|
|General and Operations Managers||11-1021.00|
|Personal Financial Advisors||13-2052.00|
|Treasurers and Controllers||11-3031.01|
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.
|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:|| 23% of graduates from this program finished in this time.
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.
|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.|
|Private educational loans:||$0.00|
|Institution financing plan:||$0.00|
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".
|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.