This 12-credit (four courses) certificate program in finance provides core knowledge needed in the field of finance. Finance is the basis of all good decisions made in business and the best financial officers create enormous value. Gain an understanding of financial decision processes to maximize shareholder wealth, financial statement analysis, financial institutions as well as other current special topics in finance.
Advance Your Knowledge. Advance Your Career. Take four courses as a standalone credential or apply all the courses toward the Master of Science in Finance degree. Students select from four classes out of six options to focus their studies on their job and/or interests.
Graduate Advanced Certificates: • are in great demand by employers because they offer focused knowledge in a given business discipline. • are geared for different levels of employees; those looking to deepen their knowledge in a specific subject area, those seeking to gain a new area of expertise and credential, or for those needing to update their skills. • provide learning opportunities for those who already have a master’s degree or for those students looking to try a few classes before committing to an entire degree.
For more information on the Master of Science in Finance program see the program page.
Students Select any Four Finance Courses below for a Total of 12 credits · Corporate Finance (MFIN 5500) · Financial Institutions, Money and Markets (MFIN 5502) · Financial Statement Analysis (MFIN 5503) · Managing Risk (MGPS 5020) · Investment Theory and Practice (MFIN 5504) · A Special Topics Course
MFIN 5500: Corporate Finance (3 cr.) Corporate finance focuses on the financial decision making process that is designed to maximize shareholder wealth. It provides a framework for making a wide variety of decisions, such as choosing the optimal combination of debt and equity to finance a corporation’s operations, identifying the most profitable projects to pursue, determining the most appropriate distribution of dividends to stockholders. The course introduces the concept of the time value of money, and examines techniques applicable to the pricing of fixed-income assets and capital budgeting, assessing the respective advantages and disadvantages of each approach. The statistical properties of risk and return for financial assets, modern portfolio theory, the Capital Asset Pricing Model (CAPM), and several equity pricing models, such as the dividend discount model and the Gordon growth model are analyzed. Financial statements analysis, techniques for determining the optimal capital structure of a corporation including an analysis of the Miller-Modigliani Theorem, and an overview of dividend policies are also covered.
MFIN 5502: Financial Institutions, Money and Markets (3 cr.) This course focuses on the structure of the banking system and other financial institutions, along with the numerous issues facing them, such as analyzing investments, evaluating consumer credit, capital management, risk management and changes in the regulatory environment. The course analyzes the main types of financial intermediaries operating in the U.S. financial system, such as commercial banks, investment banks, pension funds and mutual funds. The activities of commercial banks are analyzed in detail, including a discussion of capital requirements and deposit insurance. Consideration is given to credit risk and concentration risk in a commercial bank’s loan portfolio. Additional areas covered are the role of investment banks in securities underwriting, trading, market making, pension and mutual funds, the Federal Reserve System and monetary policy, derivatives, and recent regulations, such as Dodd-Frank.
MFIN 5503: Financial Statement Analysis (3 cr.) In recent years, a series of financial scandals has erupted in which financial statements were manipulated in order to mislead investors; these include WorldCom, Tyco, Enron and most notably, the Bernard Madoff debacle. In response to these scandals, legislation has been passed that attempts to improve the transparency of financial statements to the public, including Sarbanes-Oxley (SOX). These scandals have highlighted the vital importance to investors of understanding and interpreting financial statements while remaining alert to potential manipulations of these statements. The course provides an intensive analysis of the statements that are essential for understanding the financial condition of a corporation: the balance sheet, the income statement and the statement of cash flows. The course takes a detailed look at financial ratios, such as earnings per share, book value per share, the dividend payout ratio, etc. and how these can be used to analyze the profitability and creditworthiness of a corporation. The course also introduces techniques for forecasting financial statements. Several key techniques for analyzing equity prices are introduced, including the dividend discount model, the price-earnings ratio and the DuPont formula. The course concludes with a look at techniques for rooting out different types of fraud that may be concealed by financial statements.
MGPS 5020: Managing Risk (3 cr.) Worldwide theories, research, principles, and practices pertaining to the discipline of managing risk have evolved significantly over the past ten years, especially in countries such as Canada, the UK, Australia and New Zealand. Continued catastrophes have emphasized the need for more robust systems for managing risk accompanied by a highly sophisticated approach that supports the development of an appropriate risk mentality. This course is designed so that students can obtain a robust understanding in the discipline of risk management better-termed “managing risk”. Students will review case studies of companies that have both been successful in their efforts to manage risk and those that have been unsuccessful. In both situations, an in depth analysis will be applied to determine the root causes for the successes and failures. Upon completion of this course students will have learned how to: gain an appreciation for evolution of this managing risk discipline over the past 20 years to what is now considered best in class thinking; extract the essential ingredients for managing risk throughout the organization and assemble them; take a holistic approach to risk using the objectives, principles, process and framework from ISO 31000; think in an integrated fashion and participate in effective risk management implementation efforts; conduct an initial assessment of the adequacy of a company’s risk management system; and appreciate the role of rating agencies, regulatory agencies, various standard setters, other professional organizations, and the Board of Directors.
MFIN 5504: Investment Theory and Practice (3 cr.) In recent years the increasing complexity of capital markets, combined with an ongoing economic slump, have greatly complicated the job of investment analysts and portfolio managers. Successful investing requires a firm understanding of the wide variety of securities trading in the debt, equity and derivatives markets, along with several alternative approaches to portfolio management. This course is designed to provide a solid background in fundamental valuation techniques, along with sound principles of portfolio management. Key models of asset returns are analyzed in detail; techniques for measuring and managing investment risk are introduced, along with several measures of performance measurement.
MFIN 5650: Special Topics in Corporate Finance (3 cr.) This container course offered periodically, examines special topics and emerging issues in corporate finance using a seminar approach. The course will enable the students to explore the most current challenges affecting the finance industry, focusing on evolving approaches to and best practices for the analysis and management of corporate finance in a strategic context.
MFIN 5750: Special Topics in Investment (3 cr.) This container course offered periodically, examines special topics and emerging issues in investment management using a seminar approach. The course will enable the students to explore the most current challenges affecting investment analysis and selection as well as analysis of options, futures, and convertible securities. The course focuses on evolving approaches to and best practices for the analysis and management of traditional and alternative investments.
How to Apply to School of Business programs
Starting terms: Graduate Program Modules and Advanced Certificates: Spring, Summer, Fall and Winter
HR Management and Organizational Effectiveness
Graduate International students please see this additional information. (Advanced certificates are not eligible for international admissions).
1. On-Line Application: The School of Business on-line application can be found at the following link: APPLY NOW
2. Personal Essay: In a candid personal essay of 500-750 words, explain: How and why did you decide to pursue this program Why the selected academic program is good match for your future goals What you as a candidate can bring to our classroom What special skills, leadership abilities, volunteer or other life experience make you a good overall fit for the selected program?
3. Resume: Submit a current resume indicating educational and business experience.
4. Transcripts: Graduate Domestic (All Master of Science and Advanced Certificates) An earned undergraduate degree with a minimum GPA of 3.0* is required. Please send official transcripts from every school attended to date sent directly to the School of Business Admissions Office. Student copies are not acceptable. MSB will consider a slightly lower GPA with significant workplace history.
5. Recommendations: Two letters of recommendations, either academic or professional, from a reference writer who can speak to the candidate’s intellectual capability and ability to handle the rigors of the applicant’s program. Letters can be uploaded via the on-line application. References writers may provide their own letter or you may forward our standard Professional Letter of Recommendation form available on our website if you prefer.
6. Application Fee: Fee waivers are available for attending Open Houses. Please check the website for our next available dates and to RSVP. Please note that paying the application fee must be the last step you complete prior to submitting your application. Visit the Paypal page and click return to MVille Application page to complete the submission. Graduate and Advanced Certificate: $75
7. Health Records: Due at the time of enrollment, Adult students please submit the Health Form with proof of immunization against measles and rubella, in compliance with New York State regulations. This requirement applies to only students born on or after Jan. 1, 1957
8. International Applicants: International students are eligible for Master of Science degrees only because of program and visa requirements. For admissions, if your undergraduate education was conducted at a non-US institution, we will require transcript credentials from either (WES) World of Education Services Inc. (www.WES.org) or a member of (NACES) National Association of Credential Evaluation Services. (www.naces.org/members.html). Please review this list carefully as we cannot accept credentials from organizations not on this list. If your undergraduate education was not conducted in English, we will require a test of English language skills through any of the following sources: TOEFL, IELTS, ITEP. Please note that our minimum IBT TOEFL is 85, IELTS is 7 and ITEP is B2.
9. Optional: GRE, GMAT for graduation applications and SAT & ACT test scores for undergraduate applications are optional and not a required component to determine an admissions decision, however if you wish to submit any testing scores, we are happy to consider them as part of your overall application if you feel it will strengthen your application.
Submit all materials to: Manhattanville School of Business Office of Admissions 2900 Purchase Street -- Reid G5 Purchase, NY 10577
For any questions on the application or submission materials please contact Monika Pottgen, Assistant Director of Recruitment and Admissions at 914.323.5150 or email@example.com.
Please consult the website or Admissions Department for any deadlines and/or for questions regarding non-matriculated status.