Master of Science in Administrative Studies concentration in Financial Economics

The Master of Science in Administrative Studies concentration in Financial Economics provides a strong conceptual understanding of finance, combined with an understanding of the workings of financial markets and institutions. The concentration focuses on the dynamic areas of corporate finance, mergers, acquisitions, venture capital, investment analysis, derivatives and hedging, portfolio management, international finance, mutual funds, and banking. Students develop the requisite skills to forecast and analyze information to make detailed financial decisions while maintaining sight of the larger global economic perspective.

Students who complete the Administrative Studies master’s degree concentration in Financial Economics will be able to demonstrate:

  • An understanding of critical and innovative thinking, a global business perspective, enhanced communication skills, as well as the technical tools and techniques necessary for business decision-making.
  • Advanced knowledge of financial concepts, such as time value of money, discounted cash flows, compound interest, and valuation of projects using net present value (NPV), internal rate of return (IRR), payback period, and modified internal rate of return (MIRR).
  • An understanding of portfolio management, the importance of correlations, utility functions, asset allocations, and optimal portfolio construction, as well as investment risk management, hedging strategies, credit risk, and counterparty risk.
  • Proficiency in equity valuation, dividend discount models (DDM), relative valuation techniques, and free cash flow discounting methods. Students will also be proficient in fixed-income security valuation, fixed-income portfolio management, the concept of duration and convexity, and different fixed-income instruments, such as government bonds, corporate bonds, municipal bonds, convertible and callable bonds, etc.
  • A thorough understanding of derivative instruments (options, futures, and swaps) and their characteristics, such as payoffs, profit structures, multiple instrument strategies, and applications.
  • A good understanding of international investing strategies, foreign currency risk and currency risk management using derivative products, foreign country interest rate risk management, including the importance of political risk and expropriation risk considerations.

Core Requirements

A total of 48 credits is required.

All students must satisfy the degree core courses, concentration requirements, concentration electives, and free electives as indicated. Waived courses from core or concentration areas must be replaced by an elective course in order to meet the 48-credit-hour requirement.

Degree Core Courses

(Five courses/20 credits)

MET AD 642 Project Management
Sprg ‘15

The course examines the concepts and applied techniques for cost effective management of both long-term development programs and projects. Project management principles and methodology are provided with special focus on planning, controlling, and coordinating individual and group efforts. Key topics of focus include overview of modern project management, organization strategy and project selection, defining a project and developing a project plan and scheduling resources, project risk analysis, work breakdown structures, and project networks. MS Project will be introduced in this course to provide hands-on practical skills with the above topics. Mastery of key tools and concepts introduced in this course provides a significant competitive advantage in the marketplace.   [ 4 cr. ]

Section Type Instructor Location Days Times
A1 IND Greiman FLR 134 M 11:00 am – 2:00 pm
B1 IND Cipriano CAS 203 T 6:00 pm – 9:00 pm
C1 IND Keegan CAS 208 W 6:00 pm – 9:00 pm
D1 IND Keegan FLR 121 R 11:00 am – 2:00 pm
OL IND Bernardin ARR
BHA IND Reichel S 8:30 am – 4:00 pm
BNR IND Kieffer U 8:00 am – 3:30 pm
MET AD 648 Ecommerce
Sprg ‘15

Provides a detailed examination of how businesses can successfully use Internet and Web technology. Students are introduced to the concepts and issues of electronic commerce. Topics include comparison of e-commerce procedures, payment mechanisms, applications in different industry sectors, security, the challenges of starting and maintaining an electronic business site, as well as a comparison with traditional business practices.   [ 4 cr. ]

Section Type Instructor Location Days Times
E2 IND Page FLR 266 M 6:00 pm – 9:00 pm
E3 IND Shahossini FLR 266 R 6:00 pm – 9:00 pm
EL IND Chee FLR ARR T 11:00 am – 2:00 pm
OL IND Becker ARR
MET AD 655 International Business, Economics, and Cultures
Sprg ‘15

This course considers macroeconomic factors of relevance to the firm: aggregate economic activity, cyclical movements, and fiscal and monetary policies. The course reviews the problems of decision-making relating to demand, production, costs, market structure, and price, and provides an analysis of the interplay between governments, economic systems, labor, and multinational corporations (MNCs). Topics include: the basis for the existence, organization, and growth of MNCs; a comparison of major economic and government systems; areas include the impact on the firm's business transactions and trade due to taxation, regulation, legal environments and labor influences. This course additionally investigates the relationship between the interaction of national culture and development. Topics range from developing nations' rain forest and species management to pollution generated by developed nations. Culture, policy, and development are also discussed in relation to the impact of the business interactions (agriculture, fishing, technology transfer, etc.) among developing and developed nations.  [ 4 cr. ]

Section Type Instructor Location Days Times
C1 IND Lee KCB 102 W 6:00 pm – 9:00 pm
C2 IND Lee CAS 226 W 12:00 pm – 3:00 pm
OL IND Lee ARR
MET AD 731 Corporate Finance
Sprg ‘15

Emphasizes issues of accounting, finance, and economics that are important in most management contexts. Stresses understanding financial statements, planning and control, cost and benefit evaluation, cash flow analysis, and capital budgeting.   [ 4 cr. ]

Section Type Instructor Location Days Times
A1 IND Noorian CAS 221 M 6:00 pm – 9:00 pm
MET AD 741 The Innovation Process: Developing New Products and Services
Sprg ‘15

Addresses the specifics of new product and service development and fostering innovation and technology to increase performance. Topics include generating and screening initial ideas; assessing user needs and interests; forecasting results; launching, and improving products and programs; bringing innovation to commercial reality.   [ 4 cr. ]

Section Type Instructor Location Days Times
D1 IND Unger SHA 210 R 6:00 pm – 9:00 pm
D2 IND Unger SHA 210 R 11:00 am – 2:00 pm
OL IND Unger ARR

Concentration Requirements

(Four courses/16 credits)

MET AD 630 Financial and Managerial Accounting
Sprg ‘15

Introduction to the concepts, methods, and problems of financial and managerial accounting. Includes data accumulation, accounting principles, financial statement analysis, measurement and disclosure issues, cost analysis, budgeting and control, production costs, and standard costs.   [ 4 cr. ]

Section Type Instructor Location Days Times
B1 IND Barskaya CGS 527 T 6:00 pm – 9:00 pm
D1 IND Sumani CAS B20 R 6:00 pm – 9:00 pm
MET AD 712 Financial Markets and Institutions
Sprg ‘15

Investigation and analysis of organization, structure, and performance of U.S. money and capital markets, and institutions. Examines regulation of the financial industry and the role of financial instruments.   [ 4 cr. ]

Section Type Instructor Location Days Times
A1 IND Ahmed FLR 134 M 6:00 pm – 9:00 pm
OL IND Sullivan ARR
MET AD 717 Investment Analysis and Portfolio Management
Sprg ‘15

Mechanics of securities markets, types of available investments, and an introduction to determination of securities values. Problems of investment policy are approached through studies of portfolio selection methods and the valuation of special classes of securities (e.g., growth stocks).  [ 4 cr. ]

Section Type Instructor Location Days Times
D1 IND Passacantand KCB 104 R 6:00 pm – 9:00 pm
OL IND Chambers ARR
MET AD 763 Multinational Finance and Trade
Sprg ‘15

Applies the concepts of corporate finance to the problems of multinational financial management. Major topics include private and public institutions, foreign exchange rates, capital flows, speculation, analysis of alternative foreign investments, analysis of sources and uses of corporate funds abroad, multinational tax and profit planning, international risk analysis, and capital budgeting.   [ 4 cr. ]

Section Type Instructor Location Days Times
C1 IND Visdomini FLR 134 W 6:00 pm – 9:00 pm

Elective Courses

Concentration Electives

(Two courses/8 credits)

Choose two courses from the following:

MET AD 610 Enterprise Risk Management
Sprg ‘15

This overview course examines the management issues involved with assessing the security and risk environments in both the private and public sectors in order to assure continuous system-wide operations. The course studies the elements of risk assessment and operational continuity using the project management framework of planning, organizing, and control. Students are exposed to the role of the firm in crisis response and management as well as the terms, systems, and interactions necessary to assure continuous operations. Topics include: the role and need for comprehensive assurance strategy and planning; the security aspects of the firm; an overview of the system-wide structure?as well as the organizations within that structure?designed to plan for and respond to local or national crisis; the social and emotional impact on the workforce as well as its effect on productivity; and the organizational infrastructure relating to national, regional, and international compliance. 4 cr  [ 4 cr. ]

Section Type Instructor Location Days Times
C1 IND Banasiewicz PHO 205 W 6:00 pm – 9:00 pm
OL IND Banasiewicz ARR
MET AD 616 Enterprise Risk Analytics

Introduces students to the data analytical approaches used by business organizations to manage their exposure to risk. Addresses three major data analytical pillars of risk management; 1. financial analyses, which offer an overview of actuarial analysis used by the insurance marketplace and the value-at-risk (VaR) methodology used by banks and other financial intermediaries; 2. catastrophe modeling, commonly used in business continuity planning to prepare for major emergencies; and 3. causal analyses, used by a wide spectrum of business entities to risk-adjust their decisions. Students will learn not just how the traditional and emerging data analytical / information producing tools support the goal of minimizing the cost of risk, but also the students will learn how those informational assets can be used to enhance the organization's competitiveness.   [ 4 cr. ]

MET AD 671 Business Analytics Foundations

Students will learn how to use data effectively to drive rapid, precise, and profitable analytics-based decisions. The framework of using interlinked data-inputs, analytics models, and decision-support tools will be applied within a proprietary business analytics shell and demonstrated with examples from different functional areas of the enterprise.  [ 4 cr. ]

MET AD 673 Corporate and Social Responsibility

The course provides an introduction to the main concepts of Global Responsibility and its impact on management. It addresses many issues surrounding what are commonly referred to as Corporate and Social Responsibility as well as the issues of related sustainability. The course covers topics such as: Marketing, Finance, ethics, Risk Assessment, Communication and Strategy. The course is designed to help understand why corporate social responsibility is important in the public and private sectors and enable students to examine how the organizational can be impacted by CSR.  [ 4 cr. ]

MET AD 709 Case Studies in Current Corporate Financial Topics

Finance forecasting and planning; capital budgeting, cost of capital, dividend policy, rate of return, and financial aspects of growth. Readings and extensive use of case studies.   [ 4 cr. ]

MET AD 713 Derivative Securities and Markets
Sprg ‘15

Provides an overview of operation, mechanics, and structure of the derivative markets and covers the concepts of options and futures pricing, arbitrage, and risk management. Emphasizes the theory of risk management and hedging opportunities offered by derivative securities.   [ 4 cr. ]

Section Type Instructor Location Days Times
C1 IND Vodenska SMG 315 W 6:00 pm – 9:00 pm
MET AD 714 Mergers and Acquisitions
Sprg ‘15

This course examines the process by which takeovers and other corporate control transactions take place. Of particular interest will be the defensive measures by management against hostile bids, buyout transactions, the relation of takeovers to capital structure changes, and the insider trading in takeover contests.   [ 4 cr. ]

Section Type Instructor Location Days Times
B1 IND Sullivan CAS 208 T 6:00 pm – 9:00 pm
MET AD 715 Quantitative and Qualitative Decision-Making
Sprg ‘15

Explores decision making and policy formulation in organizations. Includes goal setting and the planning process, rational models of decision making, evaluation of alternatives, prediction of outcomes, cost-benefit analysis, decision trees, uncertainty and risk assessment, and procedures for evaluation of outcomes.   [ 4 cr. ]

Section Type Instructor Location Days Times
EL IND Zlatev FLR ARR T 6:00 pm – 9:00 pm
OL IND Zlatev ARR
BCP IND Cleary S 8:30 am – 4:00 pm
MET AD 716 Managing Financial Institutions

Course acquaints the student with the role of financial management in the new broad financial service industry. Topics include the changing legal/regulatory environment in which financial institutions operate liquidity and reserve positions, assist-liability management marketing issues as well as the tools necessary for managing financial institutions.   [ 4 cr. ]

MET AD 718 Overview of Mutual Funds Industry

Provides a comprehensive review of the operations of the mutual funds industry. The organization and management of a mutual funds firm, back office operations, accounting procedures and marketing processes are covered in depth. The course provides a historical context of mutual funds, their development and role of mutual funds in private, corporate and retirement accounts.   [ 4 cr. ]

MET AD 722 Legal and Regulatory Issues in the Financial Industry

A review of the legal and regulatory issues that govern the financial industry. The course reviews SEC regulations as well as the financial legal environments that affect the financial system, the operations of financial firms and protect shareholders and company employees. The course provides a historical context in which the legal and regulatory systems have evolved and relates that history to today's complex financial environment.  [ 4 cr. ]

MET AD 744 Venture Capital and Financing Innovation

Provides an analysis of the economics of innovation and the means by which firms secure the necessary capital to begin or expand operations. Procedures for raising venture capital through investment institutions and individuals are discussed.  [ 4 cr. ]

MET AD 745 Global Competitiveness

Reviews the process whereby organizations establish and pursue goals within internal and external constraints, resources, and opportunities. Topics include strategy and tactics; the process of strategic choice and adjustment; resource assessment; environmental and competitor analysis; stakeholders and values; and strategy implementation, control, and valuation.   [ 4 cr. ]

MET AD 749 International Economics

This course involves the study of the foundations of the trade theory as well as modern international economics issues. It utilizes a self-directed approach through computer testing, electronic interaction with the instructor, video-tape series, and a comprehensive research project. 4cr.  [ 4 cr. ]

MET AD 764 Multinational Tactics, Strategy, and Positioning

Introduces the student to the contemporary word of international business through an examination of the social, cultural, economic, ecological and commercial aspects that impact global operations. Emphasis is on both the thorough understanding of the effect that international business has on the different functional aspects of the enterprise as well as the manner in which firms organize, operate and formulate strategies in order to maximize their chances of successful operations.  [ 4 cr. ]

MET AD 765 Management in a Changing Environment
Sprg ‘15

The relationship between contemporary American organizations and their larger social and ethical environment. Through cases, stakeholder analysis, and current issues, this course focuses on analyzing and interpreting the social environment, the effects of public policy on organizations and their social responsibility, and the managerial skills needed to anticipate and respond to emerging social issues.   [ 4 cr. ]

Section Type Instructor Location Days Times
B1 IND Halfond SMG 210 T 6:00 pm – 9:00 pm
MET AD 773 International Business Simulation

Through the use of an international business simulation, students develop the ability to manage in the shifting international environment by integrating finance, strategy, and marketing skills to expand their company globally. By selling, exporting, or manufacturing in up to fourteen countries the simulation is intended to provide the student with a "real life" approach to international expansion, environmental stability, inflation and currency issues, financial operations as well as international sales and manufacturing issues. The objective of the course is to offer an overview of the factors affecting global business operations in a stimulating learning environment that is enjoyable and challenging. Intensive course.  [ 4 cr. ]

MET AD 780 Ethics in Management

Those in leadership and managerial positions are often confronted with difficult decisions that have far-reaching implications and the ability to balance competing social and ethical values. This practical course explores different ways of approaching challenging ethical dilemmas through theories, cases, contemporary issues, and exercises -- and in the context of various cultures and business and organizational settings. 4 cr.  [ 4 cr. ]

MET AD 783 International Investments

Topics include the concepts of investment and portfolio management applied to the complex multinational and multicurrency environment; analysis of international money, capital markets and foreign exchange markets, as well as foreign company evaluation. Students are exposed to the concepts and techniques of risk management, global equity investing, and the world's major stock markets.  [ 4 cr. ]

MET AD 855 Strategic Advantage
Sprg ‘15

Strategy concerns the long-term direction, scope and performance of an organization within its specific context. Strategic planning and implementation requires actions, performance goals, resource applications to be aligned with the efforts of other functions and departments, and with the major strategic orientation of the firm. Strategic Advantage develops critical understandings and insights about strategy and strategic management at the business unit level to ensure that competitive advantage is developed and sustained.  [ 4 cr. ]

Section Type Instructor Location Days Times
EL IND Leybourne ARR

Elective

(One graduate-level course/4 credits)

Students are encouraged to use this graduate-level course to broaden their understanding of finance. This course may be selected from other Administrative Sciences offerings or Metropolitan College departments as well as from other Boston University schools and colleges, with an advisor’s approval.

 

View all Administrative Sciences graduate courses.