The Master of Science (MSc) in Finance
The current tumultuous global financial crisis may be the first you have ever experienced in your lifetime, yet less severe financial crises happen every ten or twenty years. Understanding financial modeling, mergers and acquisitions and real options, corporate governance, business ethics and business strategy from a historical and current perspective can be an invaluable asset toward career advancement.
A Master of Science (MSc) in Finance from Webster is designed to provide a quantitative and comprehensive examination of the finance field. Students advance through the topics of corporate finance, investments, and market instruments and institutions. Additionally, students experience significant exposure to supporting coursework in the closely related fields of accounting and economics. A capstone course ties together the major finance topics and exposes students to literature, and the analysis thereof, pertinent to the field. After a comprehensive examination of the field, students may choose their electives to satisfy their specific career goals.
Webster Vienna has become a recognized educational institution in the University Affiliation Program (UAP) of The CFA Institute. The Master of Science in Finance program has been acknowledged as incorporating at least 70 percent of the Chartered Financial Analyst® (CFA®) Program Candidate Body of Knowledge. Also, a limited number of Webster Vienna's students can apply for the CFA® Program Awareness Scholarship each year.
- Graduates can determine the value of financial assets.
- Graduates can analyze the financial decisions of a corporation.
- Graduates can measure risk and formulate strategies to reduce it.
The Master of Science (MSc) in Finance requires successful completion of 36 US credit hours, including 33 US credit hours of core courses and 3 US credit hours of electives from the field. Students who require prerequisite courses may have to complete more than the minimum required US credit hours for this degree.
The following courses are required for the MSc in Finance:
- BUSN 6070 Management Accounting (3 hours)
- BUSN 6120 Managerial Economics (3 hours)
- FINC 5000 Finance (3 hours)
- FINC 5210 Investments (3 hours)
- FINC 5810 Capital Budgeting and Corporate Investments (3 hours)
- FINC 5830 Institutions and Financial Markets (3 hours)
- FINC 5840 International Finance (3 hours)
- FINC 5880 Advanced Corporate Finance (3 hours)
- FINC 6290 Mergers and Acquisitions (formerly Financial Strategies) (3 hours)
- FINC 6250 Thesis (6 hours)
- BUSN 5600 Accounting Theory and Practice (3 hours)
- BUSN 5620 Current Economic Analysis (3 hours)
- BUSN 5760 Applied Business Statistics* (3 hours)
* if not waived, it counts towards elective credit hours
Note: Program prerequisites are to be completed before beginning coursework for the MSc in Finance for those students who have not completed prerequisite courses (or an appropriate equivalent) within five years of entering the program and having earned a grade of B or better. If the appropriate prerequisite course content was completed longer than five years prior to entering the program, the department will allow a waiver if the student demonstrates their command of the content area by successfully completing a waiver examination. The prerequisite courses BUSN 5600 and BUSN 5620 may not count as electives in the 37-credit-hour MSc in Finance.