Business Administration, Finance Concentration, and Finance and Investment Management, Bachelor’s Master’s Combined Program

Overview

Program Prerequisites and Admission Requirements

• Admission to the Cameron School of Business as a finance concentration student
• Minimum GPA: 3.2
• Completion of the Undergraduate Request to Enroll in Graduate Courses Form
• Two letters of recommendation
• Cover letter and resume

Rationale for Proposed Program

This program is an opportunity for students who excel in finance to pursue a specialized master’s program linked to the Chartered Financial Analyst (CFA) designation. The CFA Program is known for its rigor, and is described by The Economist this way*

The Chartered Financial Analyst (CFA) qualification is roughly equivalent to a specialised postgraduate finance degree, including a mixture of economics, ethics, law and accountancy. It is much liked by employers in financial services. Whereas there are tens of thousands of finance degrees available around the world, ranging from the excellent to the worthless, there is only one CFA, managed and examined by an American association of financial professionals, the CFA Institute. It used to be just an American qualification. But explosive growth has made it, in effect, a global currency.

The combined program will benefit students by:

• Allowing 6 graduate credits to satisfy undergraduate concentration electives
• Giving accepted students preference for departmental CFA Exam scholarships

*The Economist, 24 Feb 2005 http://www.economist.com/node/3690585

Curriculum

• FIN 501 - Ethics in the Financial Marketplace (2 CH)
• FIN 502 - Ethics in Decision Making (1 CH)
• FIN 530 - Equity Investments (3 CH)
• FIN 531 - Alternative Investments (3 CH)
• FIN 532 - Economics for Financial Professionals (3 CH)
• FIN 533 - Derivatives & Risk Management (3 CH) replaces FIN 433  
• FIN 534 - Fixed Income Analysis (3 CH)
• FIN 536 - Corporate Finance (3 CH)
• FIN 538 - Financial Reporting and Analysis (3 CH) replaces FIN 438  
• FIN 540 - Portfolio Management and Wealth Planning (3 CH)
• FIN 580 - Quantitative Investment Analysis (3 CH)

Timeline

• Once students are admitted to the CSB and eligible to take their 400-level finance electives, they can apply for admission into the 4+1 program. Admission to the 4+1 program does not guarantee admission to the MSF program upon completion of the B.S. in Business Administration.
   
• With the help of the MSF Director, students can select up to six credits of 500-level finance classes to substitute for their 400-level finance electives
   
• Students who successfully complete the two 500-level electives and all remaining B.S.B.A. degree requirements are awarded the B.S. in Business Administration with a Finance Concentration
   
• In the final semester of their B.S. program, students apply to the MSF program. If admitted to the MSF, the six credits earned at the 500-level will count towards the degree requirements of the M.S. Finance & Investment Management degree.

Frequently Asked Questions

Q: How many classes will students need to complete to earn the MSF?
A: Students must complete the full 30 credits of MSF courses, but six of those credits can be earned before they begin the program.

Q:  Can students be admitted to the MSF program upon graduation from the BSBA if they earn Cs in their 500-level electives?
A:  Graduate applications will be evaluated based on our existing admissions criteria. A student who meets the criteria can be admitted to the MSF program. Courses at the 500-level that earned a grade of C will not count towards the MSF degree requirements and must be replaced or retaken after advising by the MSF Director.

Q: For double concentration students in economics and finance, what double dipping is allowed?
A: Students with double concentrations will have to choose the finance version of the 4+1 or the economics version of the 4+1, but cannot do both simultaneously.