THE UNIVERSITY OF ALABAMA GRADUATE CATALOG
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7.4.7 CURRICULUM IN FINANCE

The master's in finance program offers a specialized curriculum with focused training in finance. The course of study is designed to provide insight into the following topics: (1) the important role of financial intermediaries; (2) the management of financial intermediaries and an understanding of the markets in which they participate; (3) the valuation of financial assets such as stocks, bonds, derivatives, and other specialized assets, and how they are managed in a portfolio; (4) the determination and behavior of interest rates and rates of return on assets; and (5) the incentives and determinants of corporate behavior.

 

The master's in finance is designed to offer advanced applied and theoretical expertise in investments, banking, corporate finance, and/or financial engineering. The financial risk strategy track within this master's program addresses modern techniques for managing financial risk. Students selecting this track will have the opportunity to be trained in state-of-the-art techniques in valuing and using derivative securities, with a particular emphasis on mortgage-backed securities, structured notes, and computer-based solution design within an object-oriented framework.


Successful completion of the master's in finance provides students with knowledge useful for pursuing careers in investments, financial management, banking, and other financial services. With the appropriate choice of courses, students can apply to transfer many of their master's courses into the doctoral program in finance.


Admission Requirements
Students accepted into the program are not required to have obtained an undergraduate degree in business. Before commencing the program, however, the student is advised to have completed the equivalent of undergraduate courses in accounting, statistics, calculus, economics, and finance. Any deficiencies should be made up by taking courses during the summer before entering the master's program. See the Admission Criteria section of this catalog for more information.


Degree Requirements
The following courses are required for the master's degree in finance:

 

Required courses

 

EC 508 Microeconomic Theory or

 

EC 610 Seminar in Microeconomic Theory

    3

EC 509 Macroeconomic Theory and Policy or

 

EC 611 Seminar in Macroeconomic Theory

3

EC 570 Mathematical Economics or EC 571 Econometrics or

 

EC 513 Economic Forecasting and Analysis

3

FI 510 Financial Management

3

FI 512 Money and Capital Markets

3

FI 515 Quantitative Investment Analysis

3

FI 522 Bank Administration

3

FI 596 Capstone Project     

3

____

Total semester hours of common core courses

24

 

 

Electives chosen with approval of advisor

6

____

Total hours semester for the master's degree

30

 

Additional information on degree requirements can be found in the Degree Requirements section of this catalog.


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