Finance (M.S.)
Admission Requirements
Admissions into the Master of Science in Finance program is contingent upon admission to the Wayne State University Graduate School. In addition, applicants must meet the following requirements:
- Baccalaureate degree in business administration, a discipline area of business administration such as accounting or finance, or in a quantitative field such as mathematics, economics, physics, engineering, statistics or the sciences from a regionally accredited institution
- Minimum GMAT score of 550; or minimum GRE score of 155 on Quantitative Reasoning and 154 on Verbal Reasoning
- Overall undergraduate grade point average (GPA) of 2.75, with 3.0 major grade point average (GPA) on a 4.0 scale
- Three letters of recommendation from professors or employers
On-campus or telephone interviews may be required.
A completed application for Graduate Admissions, the application fee, and an official transcript from each college or university attended are required before a student can be considered for admissions to graduate status.
Program Requirements
The M.S. Finance (M.S.F.) program requires a total of 30 credit hours. Up to six transfer credits from previous equivalent graduate coursework can be applied to the degree if those credits have not been counted toward another degree, are from an AACSB accredited institution, are equivalent substitutes, have a B grade or better and are not older than 6 years.
Students can pursue the M.S.F. full time or part time. Students must complete the program within six years.
A minimum cumulative grade point average (GPA) of 3.0 or greater is required for graduation. A maximum of two courses in which a C grade has been received may be used to meet graduation requirements, provided this is offset by sufficient A grades to maintain the required 3.0 GPA.
The M.S.F. curriculum will provide the student with a solid foundation for the Chartered Financial Analyst (CFA) level one exam and will prepare them for a variety of financial roles. There are three phases of course work required:
- Foundation
- Core
- Electives
Foundation Requirements
Before progressing to the core courses of the program, students should possess a solid foundation in finance and accounting as comprised by the following set of courses:
| Code | Title | Credits |
|---|---|---|
| BA 6000 | Introduction to Accounting and Financial Reporting | 3 |
| BA 6005 | Basics of Financial Management | 3 |
The graduate level foundation courses (BA - Business Administration) cited above are open only to students who have been formally admitted into a graduate program at Wayne State University. Analogous courses offered at the undergraduate level (as determined by the admissions evaluation process) may be taken to satisfy foundation requirements PRIOR to graduate admissions. However, once a student has been formally admitted to the M.S.F. program, no graduate credit will be allowed for subsequent registration in undergraduate courses.
If the applicant's business administration, finance or accounting degree is from a college or university located outside of the United States, some or all of the foundation requirements may not be waived because U.S. generally accepted accounting principles (US GAAP) may not have been studied.
Core
Core courses form the backbone of the M.S.F. program, providing general analytical methods and technical tools that can be applied to a variety of sub-specialties in finance.
| Code | Title | Credits |
|---|---|---|
| Financial Accounting for Decision Making | ||
| Corporate Financial Management | ||
| Applied Financial Analysis | ||
| Money and Capital Markets | ||
| Advanced Managerial Finance | ||
| Investment Policies | ||
One course in Quantitative Methods in Finance (3 cr.) | ||
Electives
Please select three courses (9 credits) from the available elective courses:
| Code | Title | Credits |
|---|---|---|
| Entrepreneurs' Ecosystem | ||
| Entrepreneurial Finance and Venture Capital | ||
| Topics in Finance | ||
| Futures and Options | ||
| International Finance | ||
| Internship in Finance | ||
| Mergers and Acquisitions | ||
| Portfolio Management/Student Managed Investment Fund (SMIF) | ||
| Directed Study | ||
One course in Fixed Income Securities | ||