Banking & Financial Services Management, Master’s Degree

With the failure of numerous major financial institutions, the global financial crisis of 2008 exposed the vulnerability of the banking and financial sector, and has continued to raise complex issues regarding lending and the management of assets in an environment of interdependent financial and economic networks. As a result, high-caliber finance managers and analysts will continue to be in demand as opportunities for improvement and innovative 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 investment analysis, mergers and acquisitions, securities markets, corporate finance, international economics, ecommerce practices, buyout transactions, financial statement analysis, and decision-making tools and strategies.

Students who complete the master’s 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.

Awards & Accreditations

US News Ranking#6, Best Online Business Programs (U.S. News & World Report 2016)


EPAS AccreditedAccredited by the European Foundation for Management Development (EFMD) Program Accreditation System (EPAS)


AACSB AccreditationAccredited member of AACSB International―The Association to Advance Collegiate Schools of Business

 

Why Choose BU’s Master of Science in Banking & Financial Services Management?

  • In 2016, Metropolitan College’s online master’s degrees in management were ranked #6 among the Best Online Graduate Business Programs (Excluding MBAs) by U.S. News & World Report.
  • MET’s online management programs are accredited by the European Foundation for Management Development (EFMD) Program Accreditation System (EPAS), and Boston University is an accredited member of AACSB International―The Association to Advance Collegiate Schools of Business.
  • The MS in Banking & Financial Services Management program expands upon classic theory taught in traditional MBA courses, providing the insights, critical thinking, and analytical skills needed to solve problems in today’s changing business landscape.
  • Professor Irena Vodenska was the principle investigator for Boston University’s part of the international, multi-institutional “Forecasting Financial Crisis” grant funded by the European Union.

Career Outlook

Financial Managers

7% increase in jobs through 2024

$117,990 median annual pay in 2015

Economists

6% increase in jobs through 2024

$99,180 median annual pay in 2015

Financial Analysts

12% increase in jobs through 2024

$80,310 median annual pay in 2015

Financial Examiners

10% increase in jobs through 2024

$78,010 median annual pay in 2015

Securities, Commodities, and Financial Services Sales Agents

10% increase in jobs through 2024

$71,550 median annual pay in 2015

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition



Curriculum

The Boston University Metropolitan College Master of Science in Banking & Financial Services Management consists of twelve required online courses (48 credits).*

*Degree requirements may vary for those students transferring credits from previous coursework at Boston University or receiving course waivers due to professional designations.

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.

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

Core Courses

(Six courses/24 credits)

METAD642 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 credits]

METAD648 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 credits]

METAD655 International Business, Economics, and Cultures

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 credits]

METAD715 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 credits]

METAD731 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 credits]

METAD741 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 credits]

Specialization Courses

(Four courses/16 credits)

METAD630 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 credits]

METAD712 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 credits]

METAD714 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 credits]

METAD717 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 credits]

Additional Courses

(Two courses/8 credits)

Choose two additional Administrative Sciences graduate-level courses, with the advice of the Administrative Sciences department coordinator.

The following courses offered by other Metropolitan College departments are allowed with advisor approval:

METCJ610 Cybercrime

This course is designed to help students understand and apply the nature of computer crime in the criminal justice field. Several theories (both micro-level and macro-level) will be presented and will be analyzed in depth and applied to computer crime cases both past and present. Students will see how major theories have been re-developed to be applied to computer crime, and by using these theories, students will both develop and explore different strategies for future law enforcement. Students will be presented with common types of fraudulent schemes, as well as several laws that have been enacted and developed specifically for computer crime. In addition, causes, victimization, legal issues, control strategies, and societal costs regarding the "computer-crime" problem will be explored and evaluated. [4 credits]

METCJ650 Terrorism

This course will include a general introduction to the overt as well as underlying ideology, history, reasons and causes of terrorism. Both domestic and international terrorism will be discussed. Domestic hate groups will also receive particular attention. The roles of politics and the media will be discussed. Students will be exposed to the philosophies of terrorists and terrorism. Counter terrorism will also be discussed at length. Students are expected to participate actively in the course. There will be written assignments, a midterm, a class presentation, and a final paper. [4 credits]

METCS634 Agile Software Development

This course provides students with a comprehensive overview of the principles, processes, and practices of agile software development. Students learn techniques for initiating, planning and executing on software development projects using agile methodologies. Students will obtain practical knowledge of agile development frameworks and be able to distinguish between agile and traditional project management methodologies. Students will learn how to apply agile tools and techniques in the software development lifecycle from project ideation to deployment, including establishing an agile team environment, roles and responsibilities, communication and reporting methods, and embracing change. We also leverage the guidelines outlined by the Project Management Institute for agile project development as a framework in this course. [4 credits]

METCS684 IT Security Policies and Procedures

This course enables IT professional leaders to identify emerging security risks and implement highly secure networks to support organizational goals. Discussion of methodologies for identifying, quantifying, mitigating and controlling risks. Students implement a comprehensive IT risk management plans (RMP) that identify alternate sites for processing mission-critical applications, and techniques to recover infrastructure, systems, networks, data and user access. The course also discusses related topics such as: disaster recovery, handling information security; protection of property, personnel and facilities; protection of sensitive and classified information, privacy issues, and criminal terrorist and hostile activities. [4 credits]

METCS688 Web Analytics and Mining

The Web Analytics and Mining course covers the areas of web analytics, text mining, web mining, and practical application domains. The web analytics part of the course studies the metrics of web sites, their content, user behavior, and reporting. Google analytics tool is used for collection of web site data and doing the analysis. The text mining module covers the analysis of text including content extraction, string matching, clustering, classification, and recommendation systems. The web mining module studies how web crawlers process and index the content of web sites, how search works, and how results are ranked. Application areas mining the social web and game metrics will be extensively investigated. Laboratory Course. Prerequisites: MET CS 544, or MET CS 555 or equivalent knowledge, or instructor's consent. [4 credits]

Faculty

Irena Vodenska

Irena Vodenska

Associate Professor of Administrative Sciences
PhD, Boston University; MBA, Vanderbuilt University; MS, BS, University of Belgrade

John D. Sullivan

John D. Sullivan

Associate Professor and Chair of Administrative Sciences
PhD, Northeaster University; AM, Harvard University; MBA, Northeastern University; BA, Regis University

Getting Started

To learn more or to contact an enrollment advisor before you get started, request information using the button below and tell us a little about yourself. Someone will be in touch to answer any questions you may have about the program and detail the next steps in earning your degree. You can also start your application or register for a course at Metropolitan College.