2007-09 - Graduate School - The University of Alabama

Graduate Catalog: Section 7.4.7http://graduate.ua.edu/catalog/17900.htmlTHE UNIVERSITY OF ALABAMA GRADUATE CATALOGTable of Contents > Manderson Graduate School of Business7.4.7 CURRICULUM IN FINANCEThe master's in finance program offers a specialized curriculum with focused training in finance. The course of studyis designed to provide insight into the following topics: (1) the important role of financial intermediaries; (2) themanagement of financial intermediaries and an understanding of the markets in which they participate; (3) thevaluation of financial assets such as stocks, bonds, derivatives, and other specialized assets, and how they aremanaged 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 programaddresses modern techniques for managing financial risk. Students selecting this track will have the opportunity to betrained in state-of-the-art techniques in valuing and using derivative securities, with a particular emphasis onmortgage-backed securities, structured notes, and computer-based solution design within an object-orientedframework.Successful completion of the master's in finance provides students with knowledge useful for pursuing careers ininvestments, 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 RequirementsStudents accepted into the program are not required to have obtained an undergraduate degree in business. Beforecommencing the program, however, the student is advised to have completed the equivalent of undergraduatecourses in accounting, statistics, calculus, economics, and finance. Any deficiencies should be made up by takingcourses during the summer before entering the master's program.Degree RequirementsThe following courses are required for the master's degree in finance:Required coursesEC 508 Microeconomic Theory orEC 610 Seminar in Microeconomic Theory 3EC 509 Macroeconomic Theory and Policy orEC 611 Seminar in Macroeconomic Theory 3EC 570 Mathematical Economics or EC 571 Econometrics orEC 513 Economic Forecasting and Analysis 3FI 510 Financial Management 3FI 512 Money and Capital Markets 3FI 515 Quantitative Investment Analysis 3FI 522 Bank Administration 3____Total semester hours of common core courses 21Electives chosen with approval of advisor 9____Total hours semester for the master's degree 30THE UNIVERSITY OF ALABAMA GRADUATE CATALOG:: TABLE OF CONTENTSThe Graduate School | UA Catalogs | Graduate Publications | Contact Update: Sep. 2007