Finance - MS

Finance Degree Program

Master of Science

The program is designed to produce finance professionals with a solid foundation in modern finance theory who are capable of performing applied research. Courses in the program will emphasize quantitative financial analysis, investments and portfolio management, derivatives, corporate finance, capital budgeting, business valuation, financial markets, multinational finance, security valuation, investment banking, and alternative investments. The program includes 30 credits of coursework, a comprehensive exam, and is delivered online. Students without a prior background in business or finance may be required to take 0 – 8 units of Common Body of Knowledge courses. The MS Finance program is accredited by AACSB International—The Association to Advance Collegiate Schools of Business.

Program Coordinator

Arjan Premti
Hyland 3514
Phone: 262-472-5462
Email: gradbus@uww.edu

Department

Hyland 4300
Phone: 262-472-1945
Email: gradbus@uww.edu

Admission Requirements:

1) University Requirements

To qualify for admission to a degree program in good standing, you must have:

  1. A baccalaureate or higher degree from a regionally accredited institution.
  2. At least a 3.0i overall grade point average in all the graduate work previously completed at UW-Whitewater, with no grades of I or IP pending.
  3. One of the following:
    • At least a 2.75 overall grade point average in the undergraduate degree program, or
    • At least a 2.90 grade point average in the last half of the undergraduate degree program, or
    • A master's degree or higher from an institution regionally accredited at the corresponding graduate level, or
    • At least 12 credits of graduate work completed on a regular grade basis at UW-Whitewater.

     iAll grade point averages are on a 4.00 basis.

2) Additional Admission Requirements

  • Admission to a master’s business degree program requires an applicant to:

  • Meet the UW-Whitewater graduate admissions policy, and
  • Satisfy one of the following
    1. Earned an AACSB accredited undergraduate business degree with a 3.0 GPA or higher, or
    2. Earned an undergraduate degree with a 3.5 GPA or higher, or
    3. Have at least 4 years of professional work experience and an undergraduate degree with a 3.0 GPA or higher, or
    4. Have 7 or more years of professional work experience, or
    5. Served or serving in the US Military with qualified active duty, or
    6. Earned a graduate degree from a regionally accredited US or an equivalent institution, or
    7. Hold a College of Business and Economics approved professional certification, or
    8. Completed the Graduate Management Admission Test (GMAT) or the Graduate Record Exam (GRE)* with
      • A composite score of at least 1100 based on the formula:
        (GMAT Score) + [200 X (overall undergraduate grade point average based on a 4-point scale)], or
      • A composite score of at least 1150 based on the formula:
        (GMAT Score) + [200 X (last half of undergraduate grade point average based on a 4-point scale)], or
      • A composite score between 950 – 1100 for consideration for probationary

International Students

If you are a student from a country where English is not the native language, you will also need to supply results for the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS).  A TOEFL score of 79 internet-based, or an IELTS score of 6.0 is required for admission.

Exceptions
Exceptions to the admission requirements may be made on a case-by-case basis. 
Due to competitive enrollments, admission may be limited despite fulfillment of the entrance requirements shown here.

Additional Program Policies:

  1. In order to enroll in 700 level graduate courses offered in the College of Business and Economics, a student must be enrolled in a graduate degree program or a graduate certificate program. A student with a Guest status or with Post Master’s status can take 700 level graduate course(s) on a space available basis.
  2. Candidates must obtain approval from their adviser before enrolling in courses. Courses taken without the approval of the adviser may not apply toward completion of the program. Prior to entering the program or during the first four weeks of the semester, candidates shall prepare a program in consultation with their adviser. This program must then be submitted to the Program Coordinator for approval. Any changes (including add/drop) to the program must have the written approval of the Coordinator. All changes are initiated by students through their adviser.
  3. Courses in the Common Body of Knowledge must be taken at the beginning of the program. Program and course prerequisites will be rigidly enforced. Failure to comply will result in the student being dropped from the course.
  4. Students who are dropped from the program for academic reasons or who fail to meet the admission requirements are not eligible to pursue further graduate business courses in the College of Business and Economics.
  5. The maximum course load is 15 graduate units during fall and spring semesters and 12 units during the summer term.
  6. Business-related course work taken in an applicant’s undergraduate program where the applicant has graduated more than five years prior to the date of admission to the Graduate School may not be considered as satisfactory in meeting Common Body of Knowledge requirements.
  7. Candidates who have not enrolled in a graduate course at UW-Whitewater within two consecutive semesters must conform to any new requirements in the program at the time they are reactivated.
  8. Within the confines of the Constitution of the Graduate Faculty and the policies and procedures adopted by the Graduate Council, the Graduate Studies Committee in the College of Business and Economics is the final governing authority on all policy and procedural matters in the Graduate Business Program.

Courses

FNBSLW 542   ADVANCED BUSINESS AND COMMERCIAL LAW   3 Units

This course provides an advanced study of the law for business or pre-law students, including an examination of the Uniform Commercial Code and the Law of Sales, Negotiable Instruments, Secured Transactions and Documents of Title. This course also includes a study of the Law of Business Entities and Creditor and Debtor Relations.
PREREQ: MUST BE ADMITTED TO A COBE GRADUATE DEGREE PROGRAM

FNBSLW 691   TRAVEL STUDY   Repeatable   1-3 Units

Variable topics. Faculty-led courses abroad.

FNBSLW 696   SPECIAL STUDIES   Repeatable   1-3 Units

Variable topics. Group activity. Not offered regularly in the curriculum but offered on topics selected on the basis of timeliness, need, and interest, and generally in the format of regularly scheduled Catalog offerings.
PREREQ: MUST BE ADMITTED TO A COBE GRADUATE PROGRAM; HAVE DEPARTMENT CONSENT

FNBSLW 718   FINANCIAL MANAGEMENT   2 Units

Consideration of the finance function as it relates to other organizational roles, the use of capital budgeting techniques, other quantitative methods, and model building in decision making. Not open to students with an undergraduate finance degree.
PREREQ: ACCOUNT 701, OR ACCOUNT 244 WITH A GRADE OF "C" OR BETTER, OR EQUIVALENT; MUST BE ADMITTED TO A COBE GRADUATE DEGREE OR CERTIFICATE PROGRAM

FNBSLW 732   QUANTITATIVE FINANCIAL ANALYSIS   3 Units

This course focuses on understanding the statistical tools required for financial data analysis. Topics covered include: regression analysis, the assumptions of the regression model and the significance of the regression coefficients, time series analysis including ARIMA, ARCH and GARCH models, simulations, scenario analysis and decision trees.
PREREQ: ECON 703 OR 245 OR AN EQUIVALENT UNDERGRADUATE OR GRADUATE COURSE THAT COVERS DESCRIPTIVE STATISTICS AND HYPOTHESES TESTING; ADMITTED TO A GRADUATE BUSINESS PROGRAM

FNBSLW 735   BUSINESS VALUATION USING FINANCIAL STATEMENTS   3 Units

This course focusses on using financial information to value and analyze firms. There is no major corporate investment decision that can be made without first asking and answering the question, 'what is it worth?'. The goal of this course is to build students' skills and confidence in using contemporary practices in the valuation of projects, divisions, and companies.
PREREQ: FNBSLW 718, OR FNBSLW 344 WITH A GRADE OF "C" OR BETTER, OR EQUIVALENT CLASS; MUST BE ADMITTED TO A COBE GRADUATE DEGREE PROGRAM

FNBSLW 736   INVESTMENT BANKING   3 Units

This course intends to bridge the gap between finance theory and practical applications in the area of investment banking. It introduces students to the primary valuation methodologies and provides a comprehensive overview of the fundamentals of valuation, mergers and acquisitions, and corporate finance.
PREREQ: FNBSLW 735

FNBSLW 737   SECURITIES VALUATION   3 Units

The course reviews the basics of equity valuation, the different approaches to valuation, and the different definitions of value. Specifically, students are exposed to return concepts such as required returns, asset pricing factors, beta estimation, and WACC. This course also provides a comprehensive analysis and valuation of fixed-income securities, which is the central part of the course.
PREREQ: FNBSLW 718 OR 344 OR EQUIVALENT; FNBSLW 735; ADMITTED TO A GRADUATE BUSINESS PROGRAM

FNBSLW 739   FINANCIAL PLANNING PROCESS   3 Units

This course explores the quantitative and qualitative aspects of the Personal Financial Planning process. It includes study of the following areas: determining financial objectives, formulating investment objectives, tax planning, insurance planning, retirement planning and estate planning.
PREREQ: FNBSLW 718, OR FNBSLW 344 WITH A GRADE OF "C" OR BETTER, OR EQUIVALENT CLASS; MUST BE ADMITTED TO A COBE GRADUATE DEGREE PROGRAM

FNBSLW 740   FINANCIAL DERIVATIVES   3 Units

This course covers the foundation of derivatives valuation and the utilization of financial derivatives as risk management or speculative tools.
PREREQ: FNBSLW 732

FNBSLW 750   REAL ESTATE FINANCE AND INVESTMENT   3 Units

Consideration of the institutional environment affecting the financing and ownership of real estate. Detailed evaluation of both the nature of and the risks associated with lender and investor yields from real estate investment.
PREREQ: MUST BE ADMITTED TO A COBE GRADUATE DEGREE PROGRAM

FNBSLW 755   MULTINATIONAL BUSINESS FINANCE   3 Units

An advanced course of international financial principles covering major macroeconomic factors affecting international corporate decisions, foreign exchange transactions, hedging strategies, international capital structure decisions, capital budgeting, international financial markets, and taxation.
PREREQ: FNBSLW 718, OR FNBSLW 344 WITH A GRADE OF "C" OR BETTER, OR EQUIVALENT CLASS; MUST BE ADMITTED TO A COBE GRADUATE DEGREE PROGRAM

FNBSLW 760   FINANCIAL MARKETS   3 Units

Structure and operation of the markets for corporate debt and equity securities, municipal obligations, and mortgages. Detailed examination of stock markets and their use by investors.
PREREQ: FNBSLW 718, OR FNBSLW 344 WITH A GRADE OF "C" OR BETTER, OR EQUIVALENT CLASS; MUST BE ADMITTED TO A COBE GRADUATE DEGREE PROGRAM

FNBSLW 765   ALTERNATIVE INVESTMENT ASSETS   3 Units

Today's large investors must consider investing outside of fixed income and equity. Investments in non-traditional assets is growing. This course explores the four largest alternative asset classes: Hedge Funds, Private Equity, Commodities and Real Estate Investment Trusts (REITs). The course material provides coursework preparing students for two different professional designations, Chartered Financial Analyst (CFA) and Chartered Alternative Investment Adviser (CAIA).
PREREQ: FNBSLW 780

FNBSLW 770   CAPITAL BUDGETING   3 Units

Financial planning for working capital management and long range investment projects. Emphasis on capital budgeting problem solving. Readings on capital budgeting and related topics, cost of capital structure, and dividend policy.
PREREQ: FNBSLW 718, OR FNBSLW 344 WITH A GRADE OF "C" OR BETTER, OR EQUIVALENT CLASS; MUST BE ADMITTED TO A COBE GRADUATE DEGREE PROGRAM

FNBSLW 780   PORTFOLIO THEORY AND PRACTICE   3 Units

Formulation of objectives and the development of portfolios to meet these objectives for individuals and institutions. Special attention will be focused on statistical and analytical techniques for portfolio selection and management.
PREREQ: FNBSLW 718, OR FNBSLW 344 WITH A GRADE OF "C" OR BETTER, OR EQUIVALENT CLASS; MUST BE ADMITTED TO A COBE GRADUATE DEGREE PROGRAM

FNBSLW 785   FINANCIAL MODELING   3 Units

This course provides hands-on experience for students to access financial information and perform financial analysis. It covers formula building, referencing, integrated financials, scenario and sensitivity analysis, and data visualization techniques.
PREREQ: FNBSLW 718, OR FNBSLW 344 WITH A GRADE OF "C" OR BETTER, OR EQUIVALENT CLASS; MUST BE ADMITTED TO A COBE GRADUATE DEGREE PROGRAM

FNBSLW 790   WORKSHOP   Repeatable   1-6 Units

Variable topics. Group activity oriented presentations emphasizing `hands on` and participatory instructional techniques.
PREREQ: MUST BE ADMITTED TO A COBE GRADUATE PROGRAM; HAVE DEPARTMENT CONSENT

FNBSLW 794   SEMINAR   1-3 Units

Variable topics. Group activity. An advanced course of study in a defined subject matter area emphasizing a small group in intense study with a faculty member.

FNBSLW 798   INDIVIDUAL STUDIES   Repeatable   1-3 Units

A student may satisfy up to 3 credits of the 9 credit emphasis by pursuing this course with one or more members of the graduate faculty. A copy of the proposal must be on file in the chairman's office prior to registration.
PREREQ: MUST BE ADMITTED TO A COBE GRADUATE PROGRAM; HAVE DEPARTMENT CONSENT

FNBSLW 799   THESIS RESEARCH   Repeatable   1-6 Units

Students must complete a Thesis Proposal Form in the Graduate Studies Office before registering for this course.
PREREQ: MUST BE ADMITTED TO A COBE GRADUATE PROGRAM; HAVE DEPARTMENT CONSENT