Master of Science in Financial Management
The Master of Science in Financial Management (MSFM) at Boston University’s Metropolitan College provides students with 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:
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.
MS in Financial Management Program Options
The MS in Financial Management is available on campus and in the following formats:
Dual Degree & Concentration Options
Dual Concentration Option
The dual concentration allows students to obtain additional specialized knowledge by completing both Financial Management concentrations. Students qualify for a second concentration by completing the requirements for both concentrations with a minimum of 15 total courses. The exact number of courses needed may be more than 15 depending on the student’s concentrations and the courses required.
Dual Degree Option
In appreciation of the converging nature of management skills and technology, the Administrative Sciences department collaborates with Metropolitan College’s departments of Actuarial Science and Computer Science. Degree candidates in either program may apply 8 credits from one degree toward a second degree in one of these disciplines, thereby reducing their work by two courses. Students must be accepted by both departments, but they may request that application materials such as references and transcripts be forwarded from the first program to the second.
The Administrative Sciences department reviews each student’s prior academic background in relation to their current professional standing to determine suitability. Candidates for admission to the degree program are selected on the basis of academic transcripts, academic and professional references, and often interviews. Degree candidates have six years to complete the program from the date of their first course.
Part-time students who hold a bachelor’s degree but have not applied as degree candidates may enroll in the department’s classes on a space-available basis for a maximum of two courses prior to obtaining acceptance to the program. Students should consult prerequisite requirements for the program to determine what courses would be appropriate in this situation. It is important to note that a maximum of one course (four credit hours) with a grade of B+ or better completed prior to acceptance, not used toward another degree, and taken no more than four years prior to matriculation, may be credited toward degree requirements with department approval. A written request on the appropriate department form must accompany the student’s application. Students requesting full-time admission are expected to have completed a minimum of one year of work experience.
Applicants who require an I-20 visa from Boston University must submit an International Student Data Form (ISDF), along with financial and other documentation as required by the International Students & Scholars Office (ISSO). Since financial aid is not available to foreign students, each international applicant will be asked to provide a financial declaration showing adequate funding for both tuition and living expenses for the duration of the program. All credentials must be submitted in English. International students must submit copies of current or recently issued visa or I-20 documentation. Boston University will not issue an I-20 without this information. Additional information may be obtained at bu.edu/isso.
International students must demonstrate an understanding of English, including the ability to read and write with proficiency. Students whose native language is not English must submit results from the following:
- The Test of English as a Foreign Language (TOEFL) Internet-Based Test (iBT), with a minimum total score of 84, and minimum scores in each section as follows: Reading—21; Listening—18; Speaking—23; and Writing—22
- The International English Language Testing System (IELTS), with a minimum total score of 6.5, and minimum scores of 6.5 in each section
The institutional code number for Metropolitan College graduate programs is 3087. There is no institutional code required for the IELTS.
Applicants are exempt from language testing if they:
- Completed a four-year undergraduate degree at an accredited college or university in a country where English is the standard language: Australia, The Bahamas, Bermuda, British Virgin Islands, Canada (except Province of Québec), Ireland, New Zealand, and the United Kingdom.
For information on the TOEFL iBT, visit www.ets.org/toefl. Information may also be obtained at United States embassies or consulates.
Students who do not meet the minimum TOEFL requirement may wish to contact Boston University’s Center for English Language & Orientation Programs (CELOP) for further information.
All application materials must be submitted in English. A copy of the original document must accompany translations of academic records and other materials. Records of university study should show courses, grades, type of degree received, and exact or approximate rank in class.
Transfer of Credits
A maximum of two graduate-level courses (8 credits), completed with a grade of B+ or better and not used toward another degree, may be transferred from an accredited university with approval from the Administrative Sciences department. The courses must have been completed no more than two years prior to matriculation. To request transfer of credits to the MSFM, students must fill out a transfer of credit form and attach all pertinent information.
Part-time students who hold a bachelor’s degree, but have not yet applied as degree candidates, may enroll in a maximum of two courses on a space-available basis. Before registering in any of our graduate courses (600 level or higher) you will need to provide the department with an undergraduate transcript confirming your degree from an accredited university. Please note that only two courses taken prior to acceptance into the MSFM program will be counted toward the degree.
Two elective courses taken outside of the Administrative Sciences department may be applied to the Master of Science in Financial Management degree.
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.
No grade lower than B– may be applied toward degree, certificate, or diploma requirements. Students with less than a 3.0 cumulative GPA will be placed on academic probation. Students on academic probation must make satisfactory progress toward achieving a minimum of 3.0 by the following semester, and must be in a position to graduate with a 3.0 or better within the remaining program courses. While grades of B or B– are normally considered passing, these grades will not assist in raising an unsatisfactory GPA to a satisfactory level. Therefore, students must obtain a minimum grade of B+ during a probation period.
Students who, in the determination of the department and based on past academic performance, are not in a position to raise their GPA to the necessary level to graduate within the remaining courses will be dismissed from the program. Students who have not removed themselves from academic probation after one semester for full-time status (three semesters for part-time status) will be dismissed from the program.
Online and Boston-based graduate students can participate in a variety of international study experiences through the Administrative Sciences department. These include taking a partner institution’s online course or participating in one of the department’s intensive courses abroad.
The department strongly believes that international opportunities are a vital part of today’s business education, and strives to make opportunities available to our students whether part-time, full-time, or online. MET partner institutions are located in a variety of countries, including England, France, Germany, Mexico, and Taipei. Information about a range of international opportunities is available from the department or, for online students, the online program coordinator.
International students studying on campus are required to demonstrate proficiency in written and oral English skills, and must complete the following course unless waived by the department:
MET AD 501 Business Communication for 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. [ 4 cr. ]
|A1||IND||Mendlinger||CAS 201||M||6:00 pm – 8:45 pm|
Prerequisites cannot be applied toward degree requirements. Students are expected to satisfy the program prerequisites in their first semester.
A total of ten courses (40 credits) is required.
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||Mcgue||STH 113||M||2:30 pm – 5:15 pm|
|B1||IND||Barskaya||CGS 515||T||6:00 pm – 8:45 pm|
|C1||IND||Mendlinger||CAS 201||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. ]
|A1||IND||Tsum||SOC B63||M||6:00 pm – 8:45 pm|
|B1||IND||Stodder||COM 217||T||6:00 pm – 8:45 pm|
|D1||IND||Stodder||KCB 107||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||Becker||COM 215||W||6:00 pm – 8:45 pm|
|C2||IND||Julio||STH 113||W||2:30 pm – 5:15 pm|
|D1||IND||Becker||STH 113||R||6:00 pm – 8:45 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||SAR 104||T||6:00 pm – 8:45 pm|
|D1||IND||Englander||MCS B25||R||6:00 pm – 8:45 pm|
|D2||IND||Staff||KCB 104||R||12:30 pm – 3:15 pm|
(Four courses/16 credits)
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||HAR 322||M||6:00 pm – 8:45 pm|
|C1||IND||Ahmed||SAR 104||W||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||Visdomini||EPC 208||T||6:00 pm – 8:45 pm|
|D1||IND||Durham||CAS 218||R||6:00 pm – 8:45 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. ]
|A1||IND||Chee||CAS B20||M||6:00 pm – 8:45 pm|
|B1||IND||Becker||CAS 216||T||6:00 pm – 8:45 pm|
|D1||IND||Holmes||SAR 104||R||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 216||M||6:00 pm – 8:45 pm|
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. ]
|B1||IND||Holmes||CAS B20||T||6:00 pm – 8:45 pm|
|B2||IND||Vodenska||CAS 315||R||12:30 pm – 3:15 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. ]
|D1||IND||Chee||CAS 216||R||6:00 pm – 8:45 pm|
|D2||IND||Chee||PSY B45||R||12:30 pm – 3:15 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||Stodder||SHA 201||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. ]
|A1||IND||Maleyeff||CAS 214||M||2:30 pm – 5:15 pm|
|C1||IND||Maleyeff||CAS 237||W||6:00 pm – 8:45 pm|
|D1||IND||Cashton||EPC 206||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||KCB 102||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||Maltzman||CAS 227||M||6:00 pm – 8:45 pm|
|A2||IND||Keegan||MCS B25||M||2:30 pm – 5:15 pm|
|B1||IND||Cipriano||SHA 206||T||6:00 pm – 8:45 pm|
|C1||IND||Maltzman||STH 113||W||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||Belack||EPC 203||T||6:00 pm – 8:45 pm|
MET AD 648 Ecommerce
The course provides a detailed examination of the history of e-commerce, along with important concepts related to the ways that businesses can successfully use Internet and Web technology. Students are introduced to the concepts and problems associated with 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. The development of a WordPress-themed website is a minor feature of the course. 4cr. [ 4 cr. ]
|D1||IND||Page||SAR 104||R||12:30 pm – 3:15 pm|
|D2||IND||Appeltans||CAS 201||R||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. ]
|D1||IND||Gunes Corlu||CAS B06B||R||6:00 pm – 8:45 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||Maltzman||CAS 324||T||6:00 pm – 8:45 pm|
|B2||IND||Zlatev||EPC 206||T||12:30 pm – 3:15 pm|
|D1||IND||Maltzman||EPC 203||R||6:00 pm – 8:45 pm|
|BNR||IND||Cleary||ROOM||S||8:30 am – 4:00 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||SOC B57||W||6:00 pm – 8:45 pm|
|D1||IND||Unger||CAS 204A||R||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. ]
|D1||IND||Cofield||KCB 102||R||6:00 pm – 8:45 pm|
MET CS 555 Data Analysis and Visualization with R
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||MCS B19||M||6:00 pm – 8:45 pm|
|D1||IND||Teymourian||MCS B19||R||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.