MBA/MS in Finance Joint Degree

A joint MBA and MS in Finance (MSF) degree will prepare you to be a leader in the business world. You'll gain the hands-on expertise and networks necessary to thrive in a competitive global environment, and you'll learn deep skills in financial analysis and valuation for decision making in all aspects of business investment, financing and operating activities, so that you will be prepared to fully engage in organizations ranging from small and medium enterprises to major corporations.

A combined 78 credits for these two degrees (36 credits for the MS in Finance and 42 credits for the MBA)  is reduced to as little as 63 credits through credit-sharing.

How to Apply 

Students must apply and be accepted to both programs of study. The GMAT or GRE is required for application (unless waived by AACSB QPA, prior work experience, or other graduate/terminal degree).

Tuition Information

While the student is enrolled in both the MS in Finance and the MBA programs, the Professional MBA tuition rate will apply for all terms except any term during which a student is enrolled exclusively in MSF courses. During those terms, the MSF tuition rate will apply.


Program Type

Major, Dual Degree



Required Credit Hours


MS in Finance Courses

*Electives. 15 credits required.

3 credit hours

This course is intended to help students become more informed consumers of financial statement information.  It is aimed at developing their understanding of the Generally Accepted Accounting Principles (GAAP) that underlie external financial reporting and solidify their grasp of key general purpose financial statements (income statement, balance sheet, statement of cash flows).  Students will then learn how to analyze and interpret the financial statements to assess the business entity’s profitability, liquidity and solvency and use earnings and cash flow information to value the business entity.  

3 credit hours

Corporate Finance (FINC 613) covers advanced topics in financial analysis and decision-making, including advanced valuation, short-term finance, long-term finance (debt and equity), capital structure, payout policy, leasing, mergers and acquisitions, and corporate governance.  Prerequisite FINC 530. 

3 credit hours

Provides advanced coverage of the structure of the finance industry, money and capital markets, derivatives, foreign exchange, central banks and monetary policy, depository institutions and regulation. 
Prerequisite FINC 530. Offered every spring.
3 credit hours

Offers students the opportunity to work in teams with a real company to develop an analysis and recommendation in credit analysis, structured finance, project finance, merger, acquisition and/or related topics. Students will utilize methods, skills and techniques acquired in the MSF to solve a real-world business challenge. In doing so, students make high-stakes and impactful recommendations to top management under time-pressure and with high expectations for quality and analysis. 
Prerequisites FINC 530, FINC 613, and FINC 615.
3 credit hours

Multinational Corporate Finance (MF) covers topics in financial decision making in multinational firms. More specifically, topics covered include foreign exchange, the international monetary system, parity conditions, balance of payments, currency and interest rate derivatives, translation and transaction exposure, economic exposure, international financing, euromarkets, international portfolio management, country risk analysis, and cost of capital. Prerequisite FINC 530.
Applied Data Analytics - 3 credit hours

Shows students how to apply data analytics to real-world finance situations (e.g., risks versus reward trade-offs in constructing investment portfolios) and will touch on FinTech, data visualization and machine learning.

ISYS-611 - 3 credit hours 

Within the context of data analytics, this course teaches students to manage information as a strategic asset with the potential to create significant business value. Students will be exposed to various approaches to managing the capture, retention and disposition of information. Special emphasis will be placed on the legal/regulatory, ethical, risk management and cybersecurity requirements of managing information. Topics include the role of information systems in an organization, information systems governance (which is designed to ensure that IT investments create organizational value), data governance (which seeks to ensure that organizational data meet the standards for quality data), and strategies for identifying measurable sources of ROI. Prerequisites: None Hybrid Course, Lecture, Online. Offered fall and summer.
3 credit hours

Covers the analysis of fixed income and related derivatives, including how to price fixed cash flows, interest rate risk and hedging, the term structure, repurchase agreements, forwards, futures, swaps, options, corporate bonds, credit default swaps and asset-backed securities. 
Prerequisite FINC 530.
3 credit hours

Provides both a conceptual framework as well as practical guidance for building wealth and implementing effective and successful financial plans for high-net worth families and individuals. 
Prerequisite FINC 530.
3  credit hours

Helps students assess potential investment opportunities in commodities, hedge funds, private equity, cryptocurrency and real estate with an eye toward value maximization and portfolio diversification. 
Prerequisite FINC 530.
3 credits 

Equity Investments (EQ)provides in-depth coverage of topics in the analysis and valuation of common stocks, modern portfolio theory and management, performance evaluation, risk management and hedging with options and futures. Prerequisite FINC 530.

Professional MBA Courses

*These courses may be awarded as advanced standing credit based on previous coursework.

1.5 credits

This course provides graduate business students with an introduction to fundamentals of accounting for corporations. Topics will include the accounting cycle, an introduction to the basic financial statements of a corporation and determinations of corporate profitability and solvency.
1.5 credits

This course is a prerequisite for ECON 520 and covers introductory topics in both microeconomics and macroeconomics.

1.5 credits

Financial Management is about decisions firms make in two broad areas: the investments it makes and how it pays for them. The first involves expenditures for physical capital, human capital, technological capability, brand capital, and so forth. The second involves raising money in financial markets. In business decision making, the objective is to maximize shareholder wealth. Why the emphasis on shareholders? Among stakeholders generally (i.e., customers, employees, suppliers, government, communities, etc.), shareholders alone possess a uniquely comprehensive and long-term view of the firm's viability as an ongoing enterprise. This perspective arises from the residual nature of shareholders' claim to earnings and assets. Wealth is created when the return from investing business resources exceeds their opportunity cost.

FINC 501 Finance Fundamentals provides an introduction to fundamental topics which are prerequisite for FINC 530

Financial Management:

• Financial Statements and Ratio Analysis
• Financial Statement Forecasting
• Time Value of Money

Prerequisite: ACCT 501

1.5 credits

This course provides the necessary foundation in probability and statistics necessary for students looking to go on to study the application of statistics to business. In this course, students will learn the rules of probability, how to identify and use common probability distributions, and how to conduct basic hypothesis tests.
1.5 credits

The primary responsibility of all managers is to make decisions in situations in which there are multiple competing objectives. This course introduces students to a set of tools that can be applied to scenarios in a variety of business environments. Specifically, this set of tools will include data summarization, data visualization, optimization methods, Monte Carlo simulation, multi-criteria decision analysis, and decision trees. Subsequent courses in the program will utilize these analytical methods within their specific decision environments.

1.5 credits

This course examines the ways in which leaders, managers, and employees can improve employee performance and commitment - key factors underlying competitive organizations. Guided by an examination of contemporary research and real-world cases, students will develop the knowledge and tools needed to help them navigate the opportunities and challenges inherent in managing themselves and others to generate enduring social and financial value, while incorporating long-term sustainable business objectives into the vision for the firm.
3 credits

In this course, students will learn how to apply statistical methods of inference, produce and interpret statistics that attempt to answer typical business questions, and use probability theory and statistical methods to draw conclusions. Students are required to arrive having a working understanding of basic probability and statistics up through and including hypothesis testing. This course places heavy emphasis on the application of statistical techniques to business problems and the interpretation of results for a non-technical audience.  

PR: STAT 501 
3 credits

This course provides graduate business students with a deeper understanding of the accounting cycle used in companies to produce both internal and external financial information. Special emphasis is placed throughout the course on understanding, analyzing and interpreting financial statements and related information. Additionally, students will be introduced to decision making tools such as ratio analysis and challenged to utilize them to critically evaluate financial information and make effective decisions. The basics of corporate sustainability reporting will also be covered.  

PR: ACCT 501
3 credits

The course covers selected topics in microeconomics. It emphasizes the integration of microeconomic theories and tools from a managerial perspective. The applied aspect of the course comes from analyzing case studies and studying empirical evidence of the theories. Topics include both traditional topics in microeconomics (quantitative demand analysis, elasticities, production and costs, market structures and profit maximization), in addition to advanced topics (game theory and pricing strategies).

CO or PR: STAT 510 
1.5 credits

Supply Chain Management (SCM) is the business process that has evolved from the integration of the traditional business disciplines of forecasting, demand planning, materials planning, purchasing, production, operations management, transportation, inventory management, warehousing, packaging, materials handling, customer service, and related information systems. SCM focuses on efficient and effective customer satisfaction from the exchange of goods, services and information to complete the business transaction from supplier's supplier to customer's customer. This course provides insight into the goals and best practices of each business discipline included in the SCM process, and how these disciplines integrate to ensure a competitive advantage and corporate success. Students will assess industry specific differences in managing the flow of materials, goods, services, information and cash via the processes, technologies, and facilities that link primary suppliers through to ultimate customers for both service and product industries.
1.5 credits

This course teaches graduate students essential qualitative decision-making skills for analyzing business issues with an ethical dimension. Conflicting and complementary conceptions of the ethical decision-making model are presented that demonstrate how to critically reason through ethical dilemmas in business across all business functions. These rational processes will enable students to effectively recognize, evaluate and resolve ethical conflicts. Throughout the seminar, the analytical frameworks will be applied to common ethical challenges to businesses. The purpose is for students completing this module to be able to identify which ethical framework is most appropriate for addressing a given real world issue and ultimately be able to apply that framework to facilitate responsible decision making. Thus, the course begins with a detailed description and application of each ethical decision-making framework to ensure students understand how and in what contexts these tools are utilized. Then, attention is paid to the various individual, organizational, and institutional factors that affect ethical misconduct in the workplace. Personal cognitive influences, common intra-organizational pressures, regulatory factors, and market forces are discussed in terms of how they moderate ethical behavior in business. Once students learn the sources of ethical indiscretions in organizations, methods for constructing and manipulating organizational environments to increase the likelihood of ethical behavior among the firm's stakeholders are offered.

1.5 credits

This course is designed to develop the legal literacy of MBA students by raising their conscious awareness of potential legal problems or challenges as they discharge their professional responsibilities. Because business decisions have legal implications, it is important that managers understand the legal environment in which they must function. In fact, the significance of the law is so great it has been suggested that modern organizations are immersed in a "sea of law."

As a part of an integrated professional MBA program students will come to understand how law affects all aspects of business. This is not a standalone legal course. In this course we will bring a legal sensitivity to the financial, managerial, organizational and strategic dimensions of business. The larger goal of this course is to develop a legally astute manager. Although we tend to think of the law as the exclusive province of lawyers, the reality is that law is too important a matter to be entrusted to lawyers alone. To do so is in effect an abdication of the business professional's responsibilities. The legally astute manager understands that success in business requires, among other things, the development of critical thinking skills. There is no better context in which to develop those skills than in the study of business law. Critical thinking skills honed in the study of law provide a foundation for business professionals who must navigate across a wide range of disciplines in order to achieve business success. Toward that end, MBA students will examine substantive concepts relative to such matters as contract formation, risk management, intellectual property, environmental management, employee relations and corporate form and governance.

As we live in a time in which the law, business and society nexus is so significant, it would be foolhardy to underestimate the importance of legal education in shaping our business leaders.

3 credits

Financial Management is about decisions firms make in two broad areas: the investments it makes and how it pays for them. The first involves expenditures for physical capital, human capital, technological capability, brand capital, and so forth. The second involves raising money in financial markets. In business decision making, the objective is to maximize shareholder wealth. Why the emphasis on shareholders? Among stakeholders generally (i.e., customers, employees, suppliers, government, communities, etc.), shareholders alone possess a uniquely comprehensive and long-term view of the firm's viability as an ongoing enterprise. This perspective arises from the residual nature of shareholders' claim to earnings and assets. Wealth is created when the return from investing business resources exceeds their opportunity cost.

FINC 530 Financial Management provides an advanced discussion of the analytical techniques used to assess the impact of business decisions on shareholder value. The course covers these topics:
• Valuation-stocks, bonds, corporate valuation
• Interest rates and financial markets
• Investment decision making (capital budgeting analysis)
• Risk, return and the opportunity cost of capital
• Market efficiency
• Capital structure

PR: FINC 501, ACCT 515, STAT 510, GRBU 503

3 credits

This course examines the role of marketing in creating exchanges that satisfy consumer and organizational objectives thereby creating value for the firm. The course focuses on formulating and evaluating marketing strategies. Students learn how marketing mix decisions - product, place, promotion and price - are made as part of a cohesive strategy. Contemporary concepts and theories will be presented with a focus on analytical and financial models that will assist marketing managers in making better decisions. Emerging perspectives on strategic sustainability, marketing management and the impact of digital media are also emphasized.

PR: ECON 501

1.5 credits

Strategic sustainability advances students' managerial skills for identifying, researching, evaluating and communicating innovative opportunities involving the efficient and effective management of financial, social, and environmental resources. Building on our commitment to the Principles for Responsible Management Education (PRME), this course experience serves as a foundation for strategic sustainability, models and tools across the curriculum. Students work individually, and in teams to frame problems, research and develop training seminars, and manage resources for assigned topics. The focus is inspiring innovation, and creating competitive advantage - both short and long term - for organizations.

Deliverables include presentations of mini training seminars to peer, analytical life cycle assessment along with participation in class discussions while applying critical thinking to identify productivity gains, cost savings, revenue increases, and profit growth when implementing sustainable business practices. The course is taught as a seminar where sharing learning, best practices and sustainability knowledge across teams and individuals enables all to gain insight to emerging issues beyond the scope of a single entity. Students work within an integrated curriculum to analyze internal/external situations, drivers and risks; to identify problems and opportunities; to evaluate return on investment from alternative courses of action; and to value both short- and long-term prosperity. Students independently learn about, apply, and reflect on proven models and methodologies while honing their skills as a researcher, analyst, writer, and speaker.

PR: GRBU 503

3 credits 

This is a dynamic course that provides an overview of executive leadership and opportunities to interact with senior managers. The course draws on the collective experience and wisdom of distinguished business leaders who visit the class to provide students with executive perspectives on the challenges associated with thinking entrepreneurially, strategic leadership, developing a vision and motivating organizational change. Students use a variety of conceptual frameworks in leadership and related areas to assess and evaluate these "executive insights" (e.g., via papers and projects) with an eye toward developing their own leadership skills, particularly their ability to seize opportunities and create effective solutions for the contemporary challenges facing business leaders.
3 credits 

This course addresses the process of planning and implementing business strategies. In order to develop a future direction for an organization, this class builds on the formulation of a company's mission, industry analysis, an organization's internal assessment, innovation, and strategic planning. This course emphasizes corporate governance, sustainability, and ethics in strategic management.
3 credits 

The second half of our integrative capstone sequence, the Capstone Project involves student teams working with a real company client to develop a set of strategic recommendations for advancing the business. In this course, students will assess the firm's strategic context and diagnose its internal operations as well as its products and/or services as they relate to customer needs. In doing so, students will experience what it is like to make high-stakes and impactful recommendations to top management under time pressure and with high expectations for quality and analysis. Final deliverables for each team include a detailed report that lays out specific action steps and metrics (e.g., for productivity gains, cost savings, increased revenues/profit growth) as well as a sophisticated presentation to company management that highlights the team's analysis and recommendations.

PR or CO MGMT 540