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BU Online Distance Education programs

Master of Science in
Banking & Financial Services Management

Overview

Best Online Programs U.S. News & World Reports Graduate Business 2014

#8, Best Online Business Programs (U.S. News & World Report 2014).

The global financial crisis of 2008 has exposed the vulnerability of the banking and financial sector, and continues to raise complex issues regarding lending and the management of assets. There is no better time to study first-hand the causes and effects of the failure of numerous major financial institutions. As we move forward, high-caliber finance managers will continue to be in demand as opportunities for improvement and better practices arise.

The Master of Science in Banking & Financial Services Management is designed to prepare students for success in the fast-paced, dynamic financial sector by combining a solid foundation in general management practices with expertise in corporate finance, global markets, and the financial services industry. Students explore:

  • Investments
  • Managing cash
  • Capital raising strategies
  • Merger and acquisition processes
  • Securities markets
  • Corporate operations
  • Defense measures against hostile bids
  • Buyout transactions
  • Analyzing financial statements
  • Electronic commerce practices and their importance in both national and international markets

Students who complete the masterís degree in Banking & Financial Services Management will be able to demonstrate:

  • 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.

With appropriate advanced planning, you can use degree electives from your online Master of Science in Banking & Financial Services Management to satisfy up to two required courses in an Administrative Sciences graduate certificate program—leaving only two additional courses to be completed in order to receive a graduate-level certificate.

Requirements

Students must complete the six core management courses in addition to the four Banking & Financial Services specialization courses, and two additional courses.

Getting Started

Please complete this form to receive more information about your program of interest, application deadlines, as well as opportunities to attend online information sessions (webinars).