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Introduction to the Master of Science in Finance Program

The Master of Science in Finance (MSF) program at Loyola University Chicago is designed to provide students with a comprehensive understanding of financial principles and analytical skills, preparing them for a successful career in the ever-shifting global financial landscape.

Program Overview

The MSF program is closely linked to professional practice and vital industry connections, ensuring that the curriculum remains relevant and cutting-edge. The program is divided into three sets of courses: prerequisites, required courses, and electives.

Required Courses and Electives

The required courses are designed to develop strong analytical and modeling skills, while the electives enable students to explore topics in corporate finance, risk management, and asset management. The program includes the following required courses and electives:

• ETHC 441N: Business Ethics (3 hours)
• or MGMT 446: International Business Ethics
• FINC 452: Investment Management (3 hours)
• FINC 453: Topics in Advanced Financial Management (3 hours)
• FINC 620: Financial Mathematics and Modeling I (3 hours)
• FINC 622: Derivative Securities (3 hours)
• FINC 630: Capstone Master of Science Finance (3 hours)
• Electives: Select six of the following courses (18 hours)
  • ACCT 404: Financial State Analysis
  • FINC 455: International Financial Management
  • FINC 456: Management of Financial Institutions
  • FINC 553: Applied Portfolio Management
  • FINC 554: Fixed Income
  • FINC 556: Investment Banking
  • FINC 624: Interest Rate Risk Management
  • FINC 626: Credit Risk Management and Structured Finance
  • FINC 628: Valuation

Prerequisites

The prerequisite requirement is met if students have completed a minimum of one undergraduate course (3 credit hours) of comparable content in the prerequisite subject area within the last five years with a grade of B (or equivalent) or higher. The prerequisites include:

• Calculus: Select one of the following or an equivalent course (3-4 hours)
  • MATH 131: Applied Calculus I
  • MATH 161: Calculus I
• Principles of Micro/Macroeconomics: Select one of the following or an equivalent course (3 hours)
  • ECON 201: Principles of Microeconomics
  • ECON 202: Principles of Macroeconomics
  • ECON 420: Managerial Economics
• Statistics: Select one of the following or an equivalent course (3 hours)
  • ISSCM 241: Business Statistics
  • ISSCM 491: Managerial Statistics with Artificial Intelligence (AI)
  • STAT 103: Fundamentals of Statistics
  • STAT 203: Introduction to Probability & Statistics
• Introductory Accounting: Select one of the following or an equivalent course (3 hours)
  • ACCT 201: Introductory Accounting I
  • ACCT 400: Financial Accounting for Business Decisions
• Business Finance: Select one of the following or an equivalent course (3 hours)
  • FINC 334: Principles of Corporate Finance
  • FINC 450: Financial Management

Suggested Sequence of Courses

The suggested sequence of courses is meant to be used as a suggested path for completing coursework. An individual student's completion of requirements depends on course offerings in a given term as well as the start term for a major or graduate study. Students should consult their advisor for assistance with course selection.

Learning Outcomes

The Master of Science in Finance program will provide students with specialized knowledge in the following areas:

• Learn the concepts of risk and return relationship, diversification, micro and macro structure of global capital markets, and tools for stock and bond portfolio optimizations.
• Learn models and techniques for asset valuation, debt-equity decisions, real options, and cost of capital calculation.
• Learn the application of financial mathematic modeling techniques involving writing and implementing computer codes.
• Learn the concept and valuation of derivatives and their application to manage risk.
• Learn the concepts and application of responsible decision making.

Graduate and Professional Standards and Regulations

Students in graduate and professional programs can find their Academic Policies in Graduate and Professional Academic Standards and Regulations under their school. Any additional University Policies supersede school policies.