Master of Science in Financial Management concentration in Investment Analysis
The Master of Science in Financial Management concentration in Investment Analysis is designed for professionals already working in, or seeking positions in, investment research, risk management, security selection, and portfolio management. Students will gain in-depth knowledge of investment strategies, asset valuation, and investment management, and will be prepared to excel at a variety of careers in finance involving analysis and valuation of financial assets as well as risk management.
Students will study the overall investment process as well as the key elements involved, such as asset allocation and security selection. They will obtain basic understanding of debt, equity, and derivatives securities such as options and futures contracts. Students will also learn about services provided by mutual funds and be able to construct portfolios with different risk levels.
The concentration in Investment Analysis provides students with an in-depth understanding of systematic and firm-specific risks, and how to reduce firm-specific risk by combining different securities in a portfolio. Additionally, students will study the capital asset pricing model (CAPM) concept; be able to calculate bond prices, accrued interest, promised yields, and realized yields; and understand active bond portfolio management. Moreover, students will learn how to value a firm using constant growth or multistage dividend discount models, financial statements, and financial ratio analysis.
Students who complete the Financial Management master’s degree concentration in Investment Analysis will be able to demonstrate:
- Understanding of the overall investment process and the key elements involved in the investment process, such as asset allocation and security selection.
- Basic understanding of debt, equity, and derivatives securities.
- Basic understanding of options and futures contracts.
- Basic understanding of the services provided by mutual funds, and the ability to identify sources of information on investment companies.
- The ability to construct portfolios of different risk levels, given information about risk free rates and returns on risky assets.
- Full understanding of systematic and firm-specific risk, and how one can reduce the amount of firm-specific risk in the portfolio by combining securities with differing patterns of returns.
- Insight on the concept and usage of the capital asset pricing model (CAPM).
- Experience with the calculation of bond prices including accrued interest, promised yields, and realized yields.
- Competence with active bond portfolio management.
- Basic understanding of some of the macroeconomic factors that affect security prices.
- Familiarity with the roles of fiscal and monetary policy in influencing interest rates and security prices.
- The ability to value a firm using either a constant growth or multistage dividend discount model and the price/earnings ratio model; the ability to analyze a firm using the basic financial statements to perform ratio analysis.
- The skills to calculate potential profits resulting from various option trading strategies and to formulate portfolio management strategies to modify the risk-return attributes of the portfolio; the skills to calculate option prices in a two-state world (via a simplified binomial model).
- Comprehension of market timing, timing performance measures, and the problems that timing causes in performance measurement.
A total of ten courses (40 credits) is required.
Students must complete the degree core courses, Investment Analysis concentration requirements, and electives, as shown below:
Degree Core Courses
(Four courses/16 credits)
MET AD 630 Financial and Managerial Accounting
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. ]
|A1||IND||Barskaya||CGS 505||M||6:00 pm – 8:45 pm|
|C1||IND||Barskaya||CGS 505||W||6:00 pm – 8:45 pm|
MET AD 678 Financial Regulation and Ethics
Financial Regulation and Ethics is a course designed to thoroughly review the important topics of financial regulations, policies, and ethics. The course will explore an overview of the financial systems, their history, problems, and issues for the purpose of understanding the enactment of regulations as a method to protect the financial systems and investors. Also, regulators and their authority will be identified, both domestically and internationally.
Ethics, an extremely important aspect of finance will be discussed and explored. Ethics is a difficult topic to define and can be impacted by social norms. During the ethics portion of the course, students will study where ethics have failed and caused major issues for the financial marketplace and individual companies. [ 4 cr. ]
|B1||IND||Stodder||CGS 527||T||6:00 pm – 8:45 pm|
|B2||IND||Stodder||FLR 266||T||12:30 pm – 3:15 pm|
|D1||IND||Potel||CAS B25B||R||12:30 pm – 3:15 pm|
MET AD 685 Quantitative Methods for Finance
Finance is a highly competitive and dynamic industry that demands quantitative oriented professionals. This course will equip students with the empirical techniques which are used in the analysis of financial markets with a strong focus on financial applications using actual data.
The goal of this course is to provide students with a number of econometric techniques which are used in the analysis of financial markets based on asset pricing and corporate finance models. In particular, the emphasis will be on classical linear regression models, time series analysis, and limited dependent variable models applied to the following topics: predictability of asset returns; event study analysis; econometric tests of the CAPM and multifactor models; volatility modelling, etc. [ 4 cr. ]
|C1||IND||Julio||CAS 326||W||6:00 pm – 8:45 pm|
|C2||IND||Stodder||CAS 326||W||2:30 pm – 5:15 pm|
MET AD 731 Corporate Finance
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. ]
|B1||IND||Ahmed||MCS B33||T||6:00 pm – 8:45 pm|
|D1||IND||Page||CAS B06A||R||6:00 pm – 8:45 pm|
(Four courses/16 credits)
In addition to the MS in Financial Management degree core courses (16 credits), students pursuing a concentration in Investment Analysis must also take the following concentration requirements and electives:
MET AD 713 Derivative Securities and Markets
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. ]
|C1||IND||Holmes||CGS 527||W||6:00 pm – 8:45 pm|
|C2||IND||Holmes||FLR 123||W||2:30 pm – 5:15 pm|
MET AD 717 Investment Analysis and Portfolio Management
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. ]
|B1||IND||Chee||CAS 428||T||6:00 pm – 8:45 pm|
|D1||IND||Chee||PHO 205||R||6:00 pm – 8:45 pm|
MET AD 719 Fixed Income Analysis
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. ]
|C1||IND||Chee||CAS B06A||W||6:00 pm – 8:45 pm|
Plus one of the following:
MET AD 709 Case Studies in Current Corporate Financial Topics
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. ]
|A1||IND||Sullivan||CAS 324||M||6:00 pm – 8:45 pm|
MET AD 712 Financial Markets and Institutions
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. ]
|A1||IND||Noorian||CAS 204A||M||6:30 pm – 9:15 pm|
|D1||IND||Ahmed||CAS 204A||R||6:00 pm – 8:45 pm|
MET AD 714 Mergers and Acquisitions
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. ]
|B1||IND||Sullivan||PHO 205||T||6:00 pm – 8:45 pm|
MET AD 763 Multinational Finance and Trade
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. ]
|C1||IND||Visdomini||CAS B25B||W||6:00 pm – 8:45 pm|
(Two courses/8 credits)
Select two from the following list:
MET AD 605 Operations Management: Business Process Fundamentals
This course helps students to develop an understanding of the impact of business processes on the organization's performance and provides students the key tools to analyze and improve processes in both manufacturing and service sectors. [ 4 cr. ]
|B1||IND||Maleyeff||KCB 106||T||12:30 pm – 3:15 pm|
|D1||IND||Cashton||CAS 226||R||6:00 pm – 8:45 pm|
MET AD 610 Enterprise Risk Management
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. ]
|C1||IND||Carroll||CAS 426||W||6:00 pm – 8:45 pm|
MET AD 642 Project Management
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. ]
|A1||IND||Keegan||CAS 227||M||2:30 pm – 5:15 pm|
|B1||IND||Cipriano||SHA 206||T||6:00 pm – 8:45 pm|
MET AD 644 Project Risk and Cost Management
Prereq: MET AD642
This course introduces the art and science of project risk as well as continuity management and cost management. Managing the risk of a project as it relates to a three-part systematic process of identifying, analyzing, and responding is examined through actual case studies. Students learn how to manage the components of a project to assure it can be completed through both general and severe business disruptions on local, national, and international levels. Students learn the process of cost management, early cost estimation, detailed cost estimation, and cost control using earned value method. Students study in depth the issues of project procurement management and the different types of contracts for various scope scenarios. [ 4 cr. ]
|B1||IND||Reichel||STH B20||T||6:00 pm – 8:45 pm|
MET AD 648 Ecommerce
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. ]
|B1||IND||Page||CAS 324||T||12:30 pm – 3:15 pm|
|C1||IND||Appeltans||FLR 266||W||6:00 pm – 8:45 pm|
MET AD 680 Global Supply Chains
This course analyzes the managerial activities required to support manufacturing and service industry international strategies to assure that the products/services are delivered/provided in the quality and timely manner expected through the use of global supply chains, outsourcing relationships, and multi-country operations. The course focuses on contemporary strategic issues that affect both large and small corporations and includes: the strategic role of the internet, international trade and logistics, cross cultural teaming, supply chain dynamics, information management, inventory scheduling and control, international coordination, and transportation and customer service. 4cr. [ 4 cr. ]
|A1||IND||Gunes Corlu||CAS 203||M||6:00 pm – 8:45 pm|
|D1||IND||Page||CAS 237||R||12:30 pm – 3:15 pm|
MET AD 715 Quantitative and Qualitative Decision-Making
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. ]
|B1||IND||Zlatev||PHO 203||T||6:00 pm – 8:45 pm|
|B2||IND||Zlatev||FLR 134||T||12:30 pm – 3:15 pm|
MET AD 741 The Innovation Process: Developing New Products and Services
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. ]
|C1||IND||Unger||PHO 203||W||6:00 pm – 8:45 pm|
MET CJ 632 White-Collar Crime
The purpose of this course is to examine the nature and extent of corporate and white-collar crime, including detection, deterrence, and criminal liability sanctions, as well as, the social and legal changes related to corporate illegality. Students will use case materials which address securities fraud, money "laundering", professional deviance, and political corruption, in addition to other topics. Students will also analyze policy responses including RICO and other laws, regulations and court processing. [ 4 cr. ]
|A1||IND||LeClair||MCS B33||M||6:00 pm – 8:45 pm|
MET CS 555 Data Analysis and Visualization
This course provides an overview of the statistical tools most commonly used to process, analyze, and visualize data. Topics include simple linear regression, multiple regression, logistic regression, analysis of variance, and survival analysis. These topics are explored using the statistical package R, with a focus on understanding how to use and interpret output from this software as well as how to visualize results. In each topic area, the methodology, including underlying assumptions and the mechanics of how it all works along with appropriate interpretation of the results, are discussed. Concepts are presented in context of real world examples. Recommended Prerequisite: MET CS 544 or equivalent knowledge, or instructor's consent. [ 4 cr. ]
|A1||IND||Teymourian||CAS 325||M||6:00 pm – 8:45 pm|
|D1||IND||Teymourian||CAS B27||R||6:00 pm – 8:45 pm|
|J1||IND||Teymourian||CAS 325||M||6:00 pm – 8:45 pm|
Or choose any other graduate-level course 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.