Available entirely online!

Master of Science in Finance

Earn your Master of Science in Finance from a top-ranked AACSB-accredited university. Designed for busy professionals, this dynamic program can be completed entirely online at a pace that meets your needs.

Get more information today:

Earn Your Master's in Finance Entirely Online

The Manning School of Business (MSB) Finance Department, in collaboration with the Division of Online & Continuing Education, is now offering the Master's of Science Degree in Finance entirely online. All of UMass Lowell's programs offered by the MSB are accredited by the Association to Advance Collegiate Schools of Business (AACSB) International. This accreditation is the highest level of accreditation for a business school, and documents the commitment of the Finance Department, the Manning School of Business, and the University of Massachusetts Lowell to excellence in education and continuous improvement of programs to keep them rigorous and relevant.

Undergraduate non-business majors who have not previously taken undergraduate courses in Financial Accounting, Business Financial Analysis, and Microeconomics with grades of B- or better must do so prior to applying to this program. This requirement can be satisfied by taking the following three UMass Lowell courses: ECON.2010 Microeconomics; ACCT.5010 Financial Accounting; FINA.5010 Business Financial Analysis. These prerequisite course credits may not be counted towards the master's degree.

A Trusted Education

UMass Lowell's Robert J. Manning School of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB) International. This is the highest level of business school accreditation an institution can achieve in the United States.

Curriculum Outline

- 10 courses total

The Benefits of Learning Online with UMass Lowell

The University has built a solid reputation by offering one of the largest selections of online programs available through a traditional university. Courses are taught by full-time faculty who are experts in their fields, and by adjunct faculty who, as practicing professionals, bring real-world experience to the online class discussions.

At UMass Lowell, we are committed to providing you with high-quality, affordable online programs that make earning your degree or certificate more convenient than ever before. Our students have access to online course technical support 24X7, and our academic advisors and program coordinators are happy to help you with your questions.

Course Descriptions

ACCT.6010 Accounting Information for Management Decisions

Prerequisite: Student must be matriculated and must have completed foundation core courses. Focuses on the manager's view as opposed to the accountant's view of the decision process and related quantitative and qualitative information needs. The course material examines accounting information that will achieve faster, better, and cheaper operations. New strategic cost management models, such as ABC and target costing, are explored and contrasted with traditional cost approaches. 3 credits. If not currently matriculated in a Manning School of Business program, please contact the MBA staff at MBA@uml.edu or call 978-934-2848 for permission to take courses.

Prerequisites:

Pre-req: MBA; Foundation Core.


FINA.6010 Corporate Finance

Relates working capital strategy, capital investment analysis, long-term financing, and capital structure decisions in a risk-return framework to the dynamics of the firm and the market in which it operates. 3 credits. If not currently matriculated in a Manning School of Business program, please contact the MBA staff at MBA@uml.edu or call 978-934-2848 for permission to take courses.

Prerequisites:

MBA, MSA, MS ITE or MSF.


FINA.6020 Advanced Corporate Finance

This course covers advanced topics of financial decision-making concepts such as financial restructuring, mergers and acquisitions, different forms of debt and equity financing, leasing, and real options. The course includes techniques to incorporate uncertainty in financial analysis, to hedge corporate risk, and to restructure a firm through leveraged buyouts or under bankruptcy protection. It also includes advanced topics such as real options, theories of behavioral corporate finance, and the process to navigate extraordinary financial situations such as financial restructuring and liquidation. 3 credits. If not currently matriculated in a Manning School of Business program, please contact the MBA staff at MBA@uml.edu or call 978-934-2848 for permission to take courses.


FINA.6100 Global Financial Markets and Monetary Policy

This course examines the interactions between changing perceptions of macroeconomic conditions and movements in the prices and yields on financial market instruments. The orientation of this course is heavily institutional with emphasis on helping students develop a "Wall Street" perspective on asset choice and the likely impact of macroeconomic conditions and policies on financial market prices. At the same time, the dependence of macroeconomic policy outcomes on global financial markets' expectations of future real growth in the US and in the world economy, expectations of inflation, sovereign default risk and of interest rates will be stressed. 3 credits. If not currently matriculated in a Manning School of Business program, please contact the MBA staff at MBA@uml.edu or call 978-934-2848 for permission to take courses.

Prerequisites:

CSCE Graduate Restrictions


FINA.6110 Financial Statement Analysis

This course introduces to students a comprehensive financial statement analysis and valuation framework that integrates financial reporting, financial analysis and valuation, and the application of this framework to fundamental analysis. This course provides students with hands-on experience in financial statement analysis. Students will be introduced to general tools of financial analysis, theoretical concepts, and practical valuation issues. By the end of the course, students should be comfortable with using firms financial statements to develop an understand of their performance and to establish a basis for making reasonable valuation estimates.

Prerequisites:

MBA, MSF, or MSA & Core Pre-req


FINA.6210 Security Analysis and Portfolio Management

This course introduces the student to the main theories and practice of investments and portfolio management. The student will learn about various investment opportunities including real and financial assets; the investment environment including the money and capital markets; the investment process including identification of goals, data gathering and analysis etc.; and, decision making under a changing market environment. The material covered will include: selection of assets - with special emphasis on securities selection through technical analysis and fundamental analysis, computation of risk and return of individual assets, asset allocation and portfolio formation, computation of risk and return of portfolios, measurement of portfolio performance and rebalancing of portfolios. Also included in the material will be topics such as the "pyramid" approach, forecasting and the use of indicators and, market and industry indexes, models such as the CAPM, bond and stock valuation, mutual funds, domestic versus global investment etc. 3 credits. If not currently matriculated in a Manning School of Business program, please contact the MBA staff at MBA@uml.edu or call 978-934-2848 for permission to take courses.


FINA.6220 Advanced Portfolio Management

This course develops investment theory as applicable to portfolio management and securities selection. Topics covered include identification of investor goals, identification of investment opportunities in real and financial assets under volatile capital market conditions as well as analysis and decision making under conditions of certainty and uncertainty. Related concepts include technical analysis and fundamental analysis, pyramid approach to investing, changing risk and return through asset allocation and portfolio formation, valuation of basic securities and rebalancing of portfolios. 3 credits. If not currently matriculated in a Manning School of Business program, please contact the MBA staff at MBA@uml.edu or call 978-934-2848 for permission to take courses.

Prerequisites:

MBA Found Core or MSA


FINA.6240 Fixed Income Securities

Financial securities whose valuation depends on interest rates, such as Treasury securities, municipal bonds, and corporate bonds are called Fixed Income Securities. In this course, students will learn how to value and manage the risk of these securities. 3 credits.

Prerequisites:

MBA, MSA, MS ITE or MSF.


FINA.6510 Bank Management

This course introduces students to the financial management of banks and other financial institutions. The course covers topics relevant to various types of banking institutions: the environment within which they operate in the USA (including current Federal Reserve's policies); relevant government regulations; the management of commercial and consumer lending; interest rate volatility and management, other sources of bank risk and management techniques, measurement of performance and its management.

Prerequisites:

FINA.601 Corporate Finance


FINA.6610 Financial Risk Management

This course deals with the theoretical and practical approaches to effective financial risk management. It covers risk management techniques for corporations and for management of equity, bond, derivatives and investment portfolios. Topics include measurement of corporate risk exposure, portfolio risk exposure and value at risk (VAR) for financial institutions; risk and diversification, modern portfolio theory, concentrated equity positions, portfolio benchmarking, the importance of asset allocations; market risk management, currency risk exposures, credit risk management, interest rate risks, and operational & integrated risk management; and computer applications. 3 credits.

Prerequisites:

FINA.6010


FINA.6750 Financial Derivatives

The primary emphases in this course are the valuation and practical application of derivatives for both hedging and speculation. Topics include the characteristics of options, forward contracts, futures, and swaps; arbitrage and the valuation of derivatives; creating value and profit diagrams; and the structure of the derivatives markets. Ethical and economic issues associated with the use of derivatives as reported in the current financial press are also covered. 3 credits. Matriculated MBA students with completed MBA Foundation Core; or permission of MBA Coordinator.

Prerequisites:

Matriculated MBA students


FINA.6910 International Financial Management

The international dimension of the finance function of the firm. Financial constraints of the international environment and their effect on the standard concepts of financial management. The techniques of adapting risk analysis to the international situation. Study of international currency flows, monetary systems, forward cover and international banking policies. 3 credits. If not currently matriculated in a Manning School of Business program, please contact the MBA staff at MBA@uml.edu or call 978-934-2848 for permission to take courses.

Prerequisites:

Matriculated MBA students


FINA.6990 Finance Seminar

Please contact the Program Coordinator ChanWung_Kim@uml.edu for the course description.

Prerequisites:

Matriculated Manning School of Business graduate students who have completed 49.201, ACCT.501, and FINA.501, or permission of Coordinator.


Program Requirements

To be recommended for a University of Massachusetts Lowell master's degree, candidates must satisfy all of the general requirements below, plus any additional requirements that may be required by the department through which the program is offered. Any additional requirements for this program are either listed below or may be found in the University's Graduate Program Catalog.

General Requirements:

  • Students must complete the program of study designed by the department in which he or she is enrolled and approved by the University.
  • Satisfactory grades in all subjects offered for the degree must be earned (See Academic Standing).
  • All financial obligations, including tuition, fees, and expenses, must be satisfied as evidenced by completion.
  • Upon completion of all their courses, graduate degree candidates must submit a signed Declaration of Intent to Graduate (DIG) form to the Registrar's Office.

Graduate Program Policies

In applying for a degree program or registering for courses, each student assumes full responsibility for knowledge of and compliance with the definitions, regulations and procedures of UMass Lowell as set forth on our website. For additional information, please refer to the Graduate Program Policies found within the UMass Lowell Graduate Catalog.

Registration

The Division of Online & Continuing Education offers courses during the Fall, Spring and Summer semesters. Approximately two months prior to the start of each semester, we post the upcoming semester course schedule on our website. Once you know which course(s) you would like to take, current students can register using SIS Self-Service, while new students, who have not already applied and been accepted into a program, must use the Non-Degree Registration Form.

You may take courses without being officially enrolled in a certificate or degree program, but you must meet the particular course prerequisites. Registrations are accepted on a first-come, first-served basis. Class size is limited. We recommend that you register early to reserve your place in class.

If you would like to be notified by email when we post our next semester's course schedule, click here.

For more information, please visit our Registration Information Page .

Tuition

Please refer to our tuition and fees page for up-to-date pricing information or refer to the Online & Continuing Education Course Bulletin that is published each semester.

New Students

If you have not already applied and been accepted to a program.
Register with Non-Degree Reg. Form

Current Students

If you have applied, been accepted and are currently enrolled in a program.
Register with SIS Self-Service

Questions:

Online & Continuing Ed Support:
Email our Student Support Center for assistance, or call 800-480-3190 and press 1 to speak with an advisor.

Restrictions

RESIDENTS OF Arkansas, Kansas and Minnesota: State and federal laws require colleges and universities to be authorized to offer online degree programs in states other than their own. Due to these regulations, the University of Massachusetts Lowell is unable to accept applications or registrations for online courses, degrees or certificate programs from residents of Arkansas, Kansas or Minnesota. Current UML students that move their residence to one of these states should contact Catherine_Hamilton@uml.edu in Online & Continuing Education to determine their eligibility to continue their program of study.

Please Note: While every effort has been made to ensure the accuracy of the information presented within this website, the Division of Online & Continuing Education reserves the right to implement new rules and regulations and to make changes of any nature in its program, calendar, locations, tuition and fees. Whenever possible, appropriate notice of such changes will be given before they become effective. In applying for a degree program or registering for courses, each student assumes full responsibility for knowledge of and compliance with the definitions, regulations and procedures of UMass Lowell as set forth on our website. For additional information, please refer to the Graduate Program Policies found within the UMass Lowell Graduate Catalog.

Admission Requirements

  • Undergraduate Degree: Please provide official transcripts. A minimum overall GPA of 3.0 is required.
  • GMAT with a minimum score of 500. This can be waived for undergraduates with a GPA of 3.5 or higher from an AACSB-accredited undergraduate program. UMass Lowell undergraduates with a GPA of 3.2 or higher can have this requirement waived upon receipt of a recommendation by a UMass Lowell faculty member.
  • TOEFL for international students: (600+ paper-based, 250+ computer-based, or 100+ Internet-based).
  • Successful completion of all other University admissions requirements, including a statement of purpose and three letters of recommendation. See UMass Lowell's Graduate Admissions Requirements for details.
Apply Online

Questions Regarding Your Graduate Application?

Email Graduate_Admissions@uml.edu or call 800-656-4723.

For General Assistance:

Call the Division of Online & Continuing Education at 800-480-3190 if you have general questions about registering for your online courses, or to find out who the advisor is for your graduate program. Our team of Student Support Specialists are here to help!

Already Applied?

Check the Status of Your Application

Fees

There is a $50 application fee when you apply into this graduate degree program. Please see the Student Financial Services website for more information.

Restrictions

RESIDENTS OF Arkansas, Kansas and Minnesota: State and federal laws require colleges and universities to be authorized to offer online degree programs in states other than their own. Due to these regulations, the University of Massachusetts Lowell is unable to accept applications or registrations for online courses, degrees or certificate programs from residents of Arkansas, Kansas or Minnesota. Current UML students that move their residence to one of these states should contact Catherine_Hamilton@uml.edu in Online & Continuing Education to determine their eligibility to continue their program of study.