A Focused Curriculum to Target Your Goals

This flexible, part-time program will expose you to both domestic and international financial markets and the securities traded therein through valuation of financial assets and quantitative methods. You will have the opportunity to analyze concepts like market efficiency, intrinsic value, and risk and learn how to build unique valuation models to suit particular investment alternatives.

Your coursework will include:

Required Courses Details

Financial Strategy

Develops financial, analytical, and communication skills necessary to develop and implement a financial strategy consistent with firm value creation in a dynamic environment. Stresses the impact of ethical and legal considerations, global markets, and technological innovation on efficient economic outcomes. Emphasizes written and oral communication skills. Upon completion of this course, students should be able to identify and analyze a firm’s strategic opportunities and propose a suitable financial strategy that is consistent with firm value creation. 

3 credits

Details

Electives (select 3) Details

International Finance Management

Develops specific concepts, policies, and techniques for the financial management of the multinational firm. Topics include operation of the foreign exchange markets, foreign exchange risk management, sources and instruments of international financing, foreign direct investment and the management of political risk, multinational capital budgeting, and financing control systems for the multinational firm.

3 credits

Details

Investment Banking

Discusses policy, strategy, and administration of financial services firms. Topics include issuance of securities, the service function within financial services, pricing a negotiated issue of common stock or competitive bid issue, and meeting capital requirements of a securities firm. 

3 credits

Details

Mergers and Acquisitions

Explores the environments that have recently given rise to a large number of corporate mergers and the business factors underlying these corporate combinations. Examines the financial, managerial, accounting, and legal factors affecting mergers. Studies how to appraise a potential merger and structure a merger on advantageous terms.

3 credits

Details

Business Turnarounds

Concentrates on the diagnosis, prescription, and implementation of actions pertinent to business turnarounds, troubled companies, workouts, bankruptcies, and liquidations. Case studies and readings guide the student through the maze of financial, ethical, legal, general business, and strategic aspects of turnarounds, culminating in the student evaluating and developing a turnaround plan.

3 credits

Details

Valuation and Value Creation

Explores recent developments in financial management and financial analysis through the use of modern finance theory to make capital allocation decisions that lead to long-run value maximization for the corporation. Focuses on applications and financial model building, risk analysis for valuation applications, and business strategies to measure and manage corporate value and value creation. Topics are relevant to value consultants, corporate managers, and securities analysts.

3 credits

Details

Entrepreneurial Finance

Uses the basic processes, principles, tools, and concepts of finance within the parameters of a small business to develop a complete financial plan. Constructs a comprehensive plan that projects the future circular flow of funds by analyzing and then integrating the impact of both investment decisions (use of funds) and financial decisions (source of funds).

3 credits

Details

Risk Management and Insurance

Introduces the concepts of risk and risk bearing in the business firm. Topics include risk identification and analysis, measurement of loss possibilities, and the principal methods of managing such contingencies. The focus is broad enough to include some nontraditional areas, such as speculative risk and foreign operations. Discusses insurance in detail as a major method of managing certain types of risks. Emphasis is on aspects that directly relate to the financial management function, such as insurance markets and products, selecting insurers and insurer intermediaries, legal frameworks involved in the transfer of risk to insurers, pricing of insurance contracts, and principles followed by insurers in selecting risks.

3 credits

Details

Analyzing Financial Statements to Assess Firm Performance, Strategy, and Value

Provides students with the knowledge and skills necessary to assess the underlying economic condition and strategic direction of a firm through the analysis of its financial statements using a case-based approach. Identifies potential distortions contained in financial reports using techniques such as operating, financing, and investing cash flow analysis and through the examination of financial statement footnote disclosures. Performance measures are derived that eliminate distortions and improve the quality and comparability of financial information. These measures enable effective firm comparisons to key competitors and historical performance. Forecasted financial statements are utilized to make estimates of firm value. 

3 credits

Details

Entrepreneurial Finance, Innovation Valuation, and Private Equity

Covers qualitative and quantitative aspects of entrepreneurial finance, such as venture capital and angel financing. Also covers private equity (i.e., buyout/leveraged buyout firms) but in less detail. Introduces students to valuation aspects in entrepreneurial finance, including valuation of startups, using real options to value innovation-intensive firms; valuation in staged financing; etc. Case-work emphasizes the practical aspects of qualitative and quantitative issues related to venture capital financing, entrepreneurship, and innovation from the perspective of the financier and the startup firm. Also covers many issues related to the venture capital industry, such as the limited partnership structure of the venture capital/private equity industry, venture capital term sheets and contracts, exit of portfolio firms, and international investments.

3 credits

Details