MS in Financial Management

The Master of Science in Financial Management (MSFM) at Boston University’s Metropolitan College is designed for students seeking a specialized education in global finance, including investment analysis and international finance. Available on campus, online, and in a blended format, the Financial Management master’s program is designed for students seeking careers in corporate finance, financial management, investments, and multinational finance. Many of the program’s courses would also benefit students whose career plans include obtaining a Chartered Financial Analyst® (CFA) designation.

Students in the Master of Science in Financial Management program have the option of choosing a concentration in Investment Analysis or a concentration in International Finance.

Students who complete the master’s degree in Financial Management will be able to demonstrate:

  • Knowledge applicable to all aspects of finance, including corporate finance, international finance and trade, and investments and derivatives.
  • An understanding of risk–reward characteristics of financial markets and securities.
  • Mastery of quantitative approaches to analysis of domestic and international financial industry challenges in areas of security valuations and risk management.
  • Comprehension of the importance of ethical behavior in all aspects of business, management, and finance.
  • Awareness of significant changes in the global financial regulatory environment, especially after the subprime credit crisis of 2008, and how these changes impact the overall financial system.

Degree Requirements

Credits for graduate courses in Administrative Sciences that meet the program criteria and receive a grade of B– or higher may be transferred to the Administrative Sciences certificate programs, with the prior approval of the department.

Two elective courses taken outside of the Administrative Sciences department may be applied to the Master of Science in Financial Management degree.

An average grade point average of 3.0 or higher must be earned to remain in good academic standing and satisfy the requirements to earn the degree or certificate.

A total of ten courses (40 credits) is required, distributed as follows:

Degree Core Courses (four courses/16 credits)

  • MET AD 630 Financial and Managerial Accounting
  • MET AD 678 Financial Regulation and Ethics
  • MET AD 685 Quantitative Methods for Finance
  • MET AD 731 Corporate Finance

Specialization Courses (four courses/16 credits)

  • MET AD 712 Financial Markets and Institutions
  • MET AD 714 Mergers and Acquisitions
  • MET AD 717 Investment Analysis and Portfolio Management

And one of the following:

  • MET AD 709 Case Studies in Current Corporate Financial Topics
  • MET AD 713 Derivative Securities and Markets
  • MET AD 719 Fixed Income Analysis
  • MET AD 763 Multinational Finance and Trade

General Electives (two courses/8 credits)

Select two from the following list:

  • MET AD 605 Operations Management: Business Process Fundamentals
  • MET AD 610 Enterprise Risk Management
  • MET AD 642 Project Management
  • MET AD 644 Project Risk and Cost Management
  • MET AD 648 Ecommerce
  • MET AD 680 Global Supply Chains
  • MET AD 715 Quantitative and Qualitative Decision-Making
  • MET AD 741 The Innovation Process: Developing New Products and Services
  • MET CJ 632 White-Collar Crime
  • MET CS 555 Data Analysis and Visualization

Or choose any other graduate-level course selected from other Administrative Sciences department offerings or Metropolitan College departments as well as from other schools and colleges within Boston University, with an advisor’s approval.

Concentration Options

Concentration in International Finance

The concentration in International Finance is designed for professionals whose work involves multinational corporations and global financial markets. By completing this concentration, students will be equipped to address corporate questions pertaining to foreign exchange risk, transaction and translation exposure, and corporate strategy and foreign direct investment. Graduates will be qualified for jobs in areas of credit risk evaluation, quantitative security selection, risk measurement and mitigation, cash management, and impact of foreign exchange rates on cost of capital and budgeting.

The concentration in International Finance will provide the necessary tools for students to navigate through the multinational financial system, understand international portfolio management, and explore the balance of payments and international economic linkages. Students will be able to specialize in a highly desired area of finance as we witness increased level of cross-border investments and multinational mergers and acquisitions.

Students who complete this concentration should be able to understand multinational financial management; explain the concept of equilibrium exchange rates; differentiate between nominal and real exchange rates; define social, political, cultural, and economic country risks; identify basic factors that determine foreign exchange risk for a company; determine the cost of capital for foreign investments; and describe the risks and advantages of international investing.

International Finance Concentration Requirements

In addition to the MS in Financial Management degree core courses (16 credits), students pursuing a concentration in International Finance must also take the following concentration requirements and electives:

(four courses/16 credits)

  • MET AD 709 Case Studies in Current Corporate Financial Topics
  • MET AD 717 Investment Analysis and Portfolio Management
  • MET AD 763 Multinational Finance and Trade

And one of the following:

  • MET AD 712 Financial Markets and Institutions
  • MET AD 713 Derivative Securities and Markets
  • MET AD 714 Mergers and Acquisitions
  • MET AD 719 Fixed Income Analysis

General Electives (two courses/8 credits)

Select two from the following list:

  • MET AD 605 Operations Management: Business Process Fundamentals
  • MET AD 610 Enterprise Risk Management
  • MET AD 642 Project Management
  • MET AD 644 Project Risk and Cost Management
  • MET AD 648 Ecommerce
  • MET AD 680 Global Supply Chains
  • MET AD 715 Quantitative and Qualitative Decision-Making
  • MET AD 741 The Innovation Process: Developing New Products and Services
  • MET CJ 632 White-Collar Crime
  • MET CS 555 Data Analysis and Visualization

Or choose any other graduate-level course selected from other Administrative Sciences department offerings or Metropolitan College departments as well as from other schools and colleges within Boston University, with an advisor’s approval.

Concentration in Investment Analysis

Designed for professionals already working in, or seeking positions in, investment research, risk management, security selection, and portfolio management, the concentration in Investment Analysis provides in-depth knowledge of investment strategies, asset valuation, and investment management. Graduates of the program 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.

Investment Analysis Concentration Requirements

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:

(four courses/16 credits)

  • MET AD 713 Derivative Securities and Markets
  • MET AD 717 Investment Analysis and Portfolio Management
  • MET AD 719 Fixed Income Analysis

And one of the following:

  • MET AD 709 Case Studies in Current Corporate Financial Topics
  • MET AD 712 Financial Markets and Institutions
  • MET AD 714 Mergers and Acquisitions
  • MET AD 763 Multinational Finance and Trade

General Electives (two courses/8 credits)

Select two from the following list:

  • MET AD 605 Operations Management: Business Process Fundamentals
  • MET AD 610 Enterprise Risk Management
  • MET AD 642 Project Management
  • MET AD 644 Project Risk and Cost Management
  • MET AD 648 Ecommerce
  • MET AD 680 Global Supply Chains
  • MET AD 715 Quantitative and Qualitative Decision-Making
  • MET AD 741 The Innovation Process: Developing New Products and Services
  • MET CJ 632 White-Collar Crime
  • MET CS 555 Data Analysis and Visualization

Or choose any other graduate-level course selected from other Administrative Sciences department offerings or Metropolitan College departments as well as from other schools and colleges within Boston University, with an advisor’s approval.