Program
Overview
Executive
Master of Science in Finance
1-year Program
Global financial markets and corporations have grown increasingly
complex. Virtually each business day witnesses the dawning of new
and more sophisticated forms of financing, financially engineered
products, and tools for risk management. How can today's financial
executive thrive amidst this sea of change?
The Baruch Executive Master of Science in Finance Program is uniquely
designed to help financial executives master cutting-edge financial
analytical tools and strengthen their judgment to use these tools
effectively. This program can provide finance professionals with
the critical advantage needed for career advancement and professional
development.
During the past
decade, fundamental change has swept through the world of finance
presenting significant challenges for the financial services industry.
Finance professionals have found it difficult to keep current, let
alone develop the competitive edge necessary for success in the
21st century. Located in the heart of New York City, the global
capital of finance and home to the world’s largest banks and
financial institution, Baruch College is one of the most important
hubs of intellectual influence that incorporates Wall Street experience
in the areas of banking, finance , accounting and investment.
This 1-year
program teaches modern finance theory, applications, and analytic
skills, providing professionals with the tools needed to cope effectively
with today's changing markets. Within the comfortable environment
of the classroom, executives learn real world financial and investment
decision-making under different market conditions. This innovative
program blends theory with advanced financial management problems
and teaches essential up-to-date knowledge now used by the most
successful professionals in finance. This practical degree is ideal
for professionals interested in upgrading their technical finance
skills or for those with strong quantitative backgrounds seeking
to change careers. This exceptional educational experience is designed
to produce highly effective performers in today's fast-changing
world of finance. Program learning is facilitated by small class
size and an emphasis on group work, enabling a student to work closely
with faculty and peers rich in professional experience. Students
preparing for the CFA examinations will gain an advantage as most
of the CFA subject areas are covered in the curriculum.
Classes are
taught by faculty who are experts in modern financial theory and
its applications. Baruch's professors are known for blending cutting
edge theories with practical business applications to make each
class an exciting and rewarding experience. Students follow the
program as a cohort further enhancing the learning experience and
results in a network of future business relationships.
Program
Structure
The entire Executive
Master of Science in Finance program comprises 10 graduate courses.
In compliance
with university policy, students must complete all 10 courses in
order to graduate. No exemption will be granted from any course
of the program.
Each course
of the program comprises 36 contact hours with the visiting university
faculty.
All courses
are taught by overseas faculty from Baruch College, City University
of New York.
The classes
for each course are usually conducted in the follow manner over
a 2-week period:
Weekdays evenings:
7:00pm – 10:00pm
Saturday Afternoons:
2:00pm – 6:00pm
Sundays:
9:00am – 6:00pm
Program time schedule will be published prior to the commencement
of the program, and the university will keep student informed of
the detail timetable for each individual course.
Executive
Master of Science in Finance (Curriculum)
- 10 of these
courses are offered in this Executive Program
- Curriculum
is subject to change by the Zicklin School of Business
- Most of the
CFA subject areas are covered in this program except for ethical
and professional standards. Students who plan to study for both
qualifications will enjoy an advantage
ECO
9705 Managerial Economics
Application of basic economic concepts to the decision problems
of the firm. Demand, supply, cost and profit functions, and
capital budgeting are analyzed conceptually and with the use
of quantitative tools to give them empirical content.
FIN
9771 Corporate Financial Theory and Applications
This course offers an introduction to corporate finance, with
a strong emphasis on fundamental principles. Topics include
capital budgeting under certainty and uncertainty, capital structure,
dividend policy, external financing, financial distress, and
the use of financial engineering to raise capital.
FIN
9772 Quantitative Tools for Finance
This is a course in applied financial econometrics. The course
will familiarize students with a number of tools needed to statistically
analyze financial data and expose students to a number of important
financial databases. The use of spreadsheets to facilitate analysis
will be developed. Tests of asset pricing models will be discussed.
FIN
9773 Investment Theory and Applications
A variety of financial instruments and their valuation will
be explored. Topics include the basis of financial engineering,
dividend discount models, modern portfolio theory, bond valuation,
and the management of interest rate risk. Concepts such as no-arbitrage
pricing and diversification will be developed and applied.
FIN
9759 Mergers and Acquisitions
Why and how firms merge and restructure and the effects on stock
prices, capital structure (debt versus equity), and market power.
The legal, ethical, and regulatory aspects of mergers will also
be considered.
FIN
9786 International Financial Markets
Covers such topics as foreign exchange markets and their role
in international movements of funds; Eurocurrency; Eurobonds;
international stock markets, interaction among and integration
of national and international money and stock markets; and regulation
of Eurocurrency markets and flow of funds.
FIN
9792 Advanced Managerial Finance
Advanced analysis of special problems of financial management
with particular emphasis on decision making under uncertainty.
Applicable articles, problems, and cases will be assigned.
FIN
9793 Advanced Investment Analysis
Security valuation and portfolio management and analysis, empirical
evidence, imperfections, and institutional implications. Applicable
articles, cases, and problems will be assigned.
FIN
9797 Options Markets
Study of options, including the following topics: the structure
and operation of organized exchanges, investment strategies
under different market scenarios, arbitrage pricing, the valuation
of options as a mechanism to price corporate securities, portfolio
insurance as a trading strategy, and recent developments in
the options markets.
FIN
9720 Risk Management and Control: Bond Markets
The course begins with an examination of the various types of
bonds that can be purchased or issued and their characteristics.
Calculation of price and yield are covered next. The implied
forward curve is examined for indications of the direction interest
rates will be moving and identifying the appropriate strategy
for the interest rate forecast. The course splits into controlling
risk in floating rate notes and then fixed rate notes. Libor
based derivatives are applied to controlling interest rate risk.
Then credit spread derivatives are applied to control credit
premia risk and default risk. Emphasis next turns to the fixed
rate bond and how to control interest rate risk using Treasury
futures and Futures options. Lastly focuses turns to the possibility
of international investments, and the need for currency hedging.
FIN
9983 Selected Topics in Investment: Financial Statement and
Analysis
In-depth study of the analysis and interpretation of financial
statements by external decision makers. The course includes
measures of liquidity, solvency, capital structure, return on
investments, and operating performance. The impact of accounting
conventions and alternative standards on analytical measures
is also explored.
Program
Delivery
The classes
will be delivered via face-to-face lectures with professors from
the United States. The professors will usually stay in Hong Kong
for 2 to 3 weeks and are available for additional academic consultation
with students outside classroom hours.
Hong Kong-based
students will also enjoy online access to the award-winning William
and Anita Newman Library in New York.
The library
was awarded the Best College Library in America 2003 by ACRL.
Assessment
Students will
be assessed using a combination of examinations, assignments and
case studies.
The course professor
will inform the students at the commencement of the class on the
actual assessment methods that would be used for that specific course.
Different professors
have different teaching styles and different assessment preferences.
However, students
should expect the assessments to be rigorous and challenging, in
keeping with the demands of an advanced degree program from a leading
American university.
Grades awarded
by the professor will be final and will be part of the official
student record lodged at Baruch College, City University of New
York.
Students should
treat their course assessments seriously and put in the requisite
time and efforts to secure a good grading in order to graduate.
Program Tuition
The program
fee covers lectures, tutorials, textbooks, course materials, seminars,
assignments, tests, examinations and academic assistance. The program
is 100% taught by professional faculty from Baruch College, City
University of New York. University professors are flown in on a
scheduled basis to deliver the various courses in Hong Kong over
the academic year.
Students may
pay in 4 quarterly instalments over the period of the 1-year program,
with the first instalment due upon acceptance into the program.
This program
is eligible for the Hong Kong Government Non-means Tested Loan Scheme.
Prospective students should enquire directly with the Student Financial
Assistance Agency at http://www.sfaa.gov.hk/
for details.
Prospective
students are advised to attend the program previews to get the latest;
information and updates.
Admission
Requirements
To be eligible
for admission to this program, candidates should possess at least
the followings:
- A recognized
undergraduate degree or its equivalent plus at least 3 years of
working experience at an executive or management level; or,
- A 3-year
Higher Diploma from an accredited university plus at least 5 years
of working experience at an executive or management level, plus
- A satisfactory
GMAT score
A limited number
of candidates without a university degree or who do not meet the
minimum academic requirements may be considered on the basis of
the length and level of their management experience. Admission to
the Program is competitive and the University will select those
who demonstrate a high promise of success.
How to apply:
All applications must be submitted to the Baruch College's representative
of Hong Kong Office before the closing date. Each application
package must contain the following:
- A duly completed
"Application for Admission" to Graduate Studies (click
here to download the form)
- An up-to-date
curriculum vitae
- Testimonial
or proof of working experience
- Official
transcripts of undergraduate or previously studies
- Two letters
of recommendation
- Application
fee
- Two recent
photos
- Copy of HKID
- GMAT score
report (if applicable)
When your
application file is completed, please send the package to:-
Program Director
Charter Management Association
Official Exclusive Representative
City University of New York
Unit 4, 25/F, 168 Plaza,
168 Sai Yeung Choi Street,
Mong Kok, Hong Kong.
Tel: (852) 2308-1188
Fax: (852) 2308-1138
Graduation
To be eligible
to graduate, students must complete all 10 graduate courses for
a concentration (30 credit hours), maintain a GPA of 3.0 or higher,
and satisfy all policies, rules and regulations of Baruch College,
Zicklin School of Business.
Successful students
will be awarded the Executive Master of Science degree from Baruch
College, The City University of New York. This Master degree is
identical to the degree awarded to on-campus students.
Graduation ceremonies
are conducted in Hong Kong and New York on an annual basis.
Students can
choose to graduate in Hong Kong or New York or both.
In the case
of overseas graduation, traveling expenses will have to be borne
by the students. |