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.

Students enrolling in MET AD 571 Business Analytics Foundations:

All students:

Provides an overview of fundamental mathematical concepts, with emphasis on the solution of word problems. Topics covered include quadratic equations, signed numbers, polynomials, graphs, roots and radicals, and basic concepts of differential and integral calculus. Prerequisite course which may not be used for credit toward the MSAS degree.   [ 2 cr. ]

Section Type Instructor Location Days Times
F1 IND Mendlinger CAS 208 SU 9:00 am – 2:00 pm
F2 IND Mendlinger CAS 208 SU 9:00 am – 2:00 pm

International students:

Techniques for effective written and verbal communications. This course is a special offering for students for whom English is a second language. Prerequisite course: credits can not be used toward the MSAS degree.   [ Var cr. ]

Section Type Instructor Location Days Times
A1 IND Mendlinger EPC 209 M 6:00 pm – 9:00 pm

Prerequisites can be satisfied only by obtaining a B grade or better in the prerequisite courses, or by passing the department’s waiver exams. Prerequisites cannot be applied toward degree requirements.

Students are expected to satisfy the program prerequisites in their first semester.

Prerequisite Waiver Policy

A waiver exam is available for MET AD 510. Students must take this exam prior to the start of classes or must sign up for MET AD 510 in the first semester.

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)

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 Cipriano CAS 208 M 6:00 pm – 9:00 pm
B1 IND Warburton HAR 228 T 6:00 pm – 9:00 pm
C1 IND Keegan FLR 134 W 11:00 am – 2:00 pm
D1 IND Maltzman CAS 326 R 6:00 pm – 9:00 pm
O1 IND Greiman ARR
BHA IND Campbell S 8:30 am – 4:00 pm
BNR IND Kieffer U 8:00 am – 3:30 pm

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
E1 IND Chee FLR 122 T 11:00 am – 2:00 pm
E2 IND Page CAS 225 M 6:00 pm – 9:00 pm
E3 IND Shahossini KCB 107 W 6:00 pm – 9:00 pm
O1 IND Chee ARR

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
A1 IND Lee CAS 428 M 6:00 pm – 9:00 pm
A2 IND Lee FLR 121 M 12:00 pm – 3:00 pm
O1 IND Lee ARR

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 235 M 6:00 pm – 9:00 pm
D1 IND Julio CAS 325 R 6:00 pm – 9:00 pm
O1 IND Vodenska ARR

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 202 R 6:00 pm – 9:00 pm
D2 IND Unger EPC 206 R 12:30 pm – 3:30 pm
O1 IND Unger ARR

Concentration Requirements

(Four courses/16 credits)

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 Mcgue CGS 515 R 6:00 pm – 9:00 pm
O1 IND Simches ARR

Prereq: MET AD630, MET AD731
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 CAS 218 M 6:00 pm – 9:00 pm
O1 IND Cohen ARR

Prereq: MET AD731
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 Holmes CAS 226 R 6:00 pm – 9:00 pm

Prereq: MET AD731
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 EPC 208 W 6:00 pm – 9:00 pm

Concentration Electives

(Two courses/8 credits)

Choose two courses from the following:

Prereq: AD100 Pre-Analytics Laboratory
This course presents fundamental knowledge and skills for applying business analytics to managerial decision-making in corporate environments. Topics include descriptive analytics (techniques for categorizing, characterizing, consolidation, and classifying data for conversion into useful information for the purposes of understanding and analyzing business performance), predictive analytics (techniques for detection of hidden patterns in large quantities of data to segment and group data into coherent sets in order to predict behavior and trends), prescriptive analytics (techniques for identification of best alternatives for maximizing or minimizing business objectives). 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. ]

Section Type Instructor Location Days Times
E1 IND Zlatev FLR 266 M 6:00 pm – 9:00 pm
O1 IND Rabinovich ARR

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 202 W 6:00 pm – 9:00 pm
O1 IND Carroll ARR

Prereq: METAD571
The course offers an overview of the key current and emerging enterprise risk analytical approaches used by corporations and governmental institutions and is focused on understanding and implementing the enterprise risk management framework on how to leverage the opportunities around a firm to increase firm value. The major risk categories of the enterprise risk management such as financial risk, strategic risk and operational risk will be discussed and risk analytics approaches for each of these risks will be covered. Students will learn how to use interlinked data-inputs, analytics models, business statistics, optimization techniques, simulation, and decision-support tools. An integrated enterprise risk analytics approach will be demonstrated with examples from different functional areas of the enterprise.  [ 4 cr. ]

Section Type Instructor Location Days Times
O1 IND Gunes Corlu ARR

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. ]

Prereq: MET AD630, MET AD731
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. ]

Section Type Instructor Location Days Times
C1 IND Sullivan FLR 121 W 6:00 pm – 9:00 pm

Prereq: MET AD630, MET AD731
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. ]

Prereq: MET AD630, MET AD731
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
O1 IND Sullivan ARR

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
E1 IND Maltzman FLR 266 T 6:00 pm – 9:00 pm
O1 IND Zlatev ARR
BCP IND Cleary S 8:30 am – 4:00 pm

Prereq: METAD630, MET AD731
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. ]

Prereq: MET AD630, MET AD731
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. ]

Section Type Instructor Location Days Times
B1 IND Mcgue FLR 134 T 6:00 pm – 9:00 pm

Prereq: MET AD 630, MET AD 731
This course covers the nature and analysis of fixed income securities and an in-depth examination of some of the particular features of some major classes of fixed income instruments, valuation, sensitivity to risks, and management of fixed income portfolios.   [ 4 cr. ]

Section Type Instructor Location Days Times
O1 IND Chambers ARR

Prereq: MET AD630, MET AD731
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. ]

Prereq: MET AD731
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. ]

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. ]

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. ]

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. ]

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. ]

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. ]

Prereq: MET AD630, MET AD731, MET AD717
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. ]

Strategy concerns the long-term direction, scope and performance of an organization within its specific context. While senior managers are normally responsible for strategic planning, the implementation of strategy is most effective if managers at all levels ensure that their actions, performance goals, resource applications, etc. are aligned with the efforts of other functions and departments, and with the major strategic orientation of the firm. This module aims to develop critical understandings and insights about strategy and strategic management at the business unit level.  [ 4 cr. ]

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.