Master of Science in Finance
Description and Outcomes
The Master of Science in Finance program focuses on helping you gain advanced technical knowledge and skills in a range of financial areas. Courses help increase your understanding of the factors that influence high-level decision making and provide you with opportunities to develop and implement your critical thinking skills to solve complex financial problems.
The program is designed to prepare you to make quality decisions based on the analysis of financial information. The curriculum encourages you to be a lifelong learner and addresses the evolving professional skills of master's degree students.
The general program is designed to help you develop specific skills in the areas of financial planning, corporate finance, banking, financial markets, and investment management. Completion of this program may be especially beneficial if you who wish to pursue a variety of opportunities in the financial service sector.
You are required to select a concentration in financial analysis or financial planning.
Certified Financial Planner Board of Standards Certification Information
The Master of Science in Finance with a concentration in financial planning is a CFP Board-Registered Program in financial planning education. After successfully completing the Master of Science in Finance program you must register for and complete FP107: Financial Plan Development, provided by Kaplan University’s School of Professional and Continuing Education, if you wish to meet all education requirements necessary to sit for the CFP® Certification Examination.
During FP107, you will receive instruction on and review sample financial plans based on various case facts. You will then be required to complete a written financial plan, which you will present orally via a video recording.
For detailed information related to obtaining CFP® certification, you may access the CFP Board website located at: http://www.cfp.net/.
The Master of Science in Finance program consists of a minimum of 56 quarter credit hours. Upon successful completion of the program, you will be awarded a master of science degree.
- Decision Analysis: Use financial and other information to make and justify business decisions.
- Risk Management and Investment Analysis: Identify financial risk and create a plan to minimize exposure.
- Leadership: Apply financial theory to facilitate overall guidance of an organization and improve day-to-day processes including the interpretation of financial data.
- Ethical Practices: Comply with laws, regulations, and financial principles while developing and living by a personal code of ethics.
- Communication: Compose and report clear and accurate financial information to stakeholders.
In addition to the discipline-specific outcomes, professional competencies are integrated throughout your academic program. You can review the professional competencies associated with your academic program in the graduate School of General Education section of this Catalog.
Policy information specific to the Master of Science in Finance program is noted below.
You must meet the below admissions requirements in addition to Kaplan University's general requirements.
Prior to enrollment, you must submit an unofficial transcript indicating receipt of a bachelor's degree in finance from an accredited institution or a minimum of 30 semester or 45 quarter credit hours in undergraduate coursework across the Common Professional Components (CPC) to align with Accreditation Council for Business Schools and Programs (ACBSP) accreditation standards. By the end of the first term, you must provide the University with an official copy of the transcript. Refer to the First-Term Responsibilities section for additional information.
ACBSP’s CPC include areas such as marketing, management, finance, economics, law, ethics, accounting, globalization, policy, IT, and statistics. If you have completed the required hours and satisfy the other program entry requirements, no additional coursework is needed to enter the master’s degree program. If you do not meet this requirement, you will be required to take a Peregrine entrance exam free of charge to assess your knowledge in the CPC areas. If you do not meet the minimum scoring requirement of 50% on the exam, you will be required to take a leveling course, comprised of up to six modules, before being enrolled in the program. The required module(s) will be determined by the Peregrine score in each CPC area. You are responsible for the fee for each Peregrine module required.
For example, if you do not meet the undergraduate coursework requirements, and do not receive a passing score on the exam in the IT and finance areas, you would be required to take both module 2 and module 6 (bolded below) of the leveling course:
Instructions for completing the Peregrine entrance exam or modules will be provided by your Admissions Advisor.
If you are granted admission to the program and you do not have an undergraduate degree in finance, you may be required to complete additional foundational coursework, which may include MT217 Finance, MT480 Corporate Finance, and MT482 Financial Statement Analysis, pending review of the situation by the Dean. Candidates to the program must pass their prerequisite courses with a “B” or better to be admitted to the program.
If you possess a bachelor's degree unrelated to business, management, accounting, or finance, you may be admitted with approval from the Dean of the School of Business and Information Technology. The Dean conducts evaluations on a case-by-case basis. The Dean will also identify additional required foundational coursework which must be completed prior to acceptance into the program.
If you are an international applicant, you must submit, prior to enrollment, an official college transcript evaluated for equivalency to a United States college diploma by an authorized school official, appropriate outside agency, or approved foreign credential evaluator. If you possess a bachelor's degree unrelated to business, management, accounting, or finance, you must submit an additional course-by-course equivalency evaluation to determine whether you have already completed coursework equivalent to MT217 Finance, MT480 Corporate Finance, and MT482 Financial Statement Analysis. You are responsible for any costs incurred as a result of this service.
- You may not use transfer credit to replace GF599 Graduate Capstone in Finance. This course must be completed at Kaplan University.
- As a newly enrolled student, you may request to test out of GB512 Business Communications by passing a course assessment with a predetermined score. To register for a course assessment, you must contact your Education Advisor at least 1 week prior to the start of the first term. Refer to the Types of Credit section for additional information.
Certification, State Board, and National Board Exams
You are responsible for understanding the requirements of certification, state board, or national board licensing exams. Such requirements may change during the course of your program. You are not automatically certified in any way upon program completion. Although certain programs are designed to prepare you to take various certification and licensing exams, Kaplan University cannot guarantee you will be eligible to take these exams or become certified. Your eligibility may depend on your work experience, completion of education and/or degree requirements, not having a criminal record, meeting other licensure or certification requirements, or the program or the University itself having appropriate accreditation or licensure.
Upon completion of the financial analysis concentration, you may be eligible to take the Certified Financial Analyst (CFA) certification exam.
If you complete the financial planning concentration and the FP107 course, you may be eligible to take the Certified Financial Planner™ (CFP®) Certification Examination. Certified Financial Planner Board of Standards, Inc., owns the CFP®, Certified Financial Planner™, and federally registered CFP (with flame design) in the U.S., which are awarded to individuals who successfully complete initial and ongoing certification requirements. Kaplan University does not certify individuals to use the CFP®, Certified Financial Planner™, or federally registered CFP (with flame design) marks. CFP® certification is granted solely by Certified Financial Planner Board of Standards, Inc., to individuals who, in addition to completing an educational requirement, have met its ethics, experience, and examination requirements.
|GF500||Financial Institutions and Markets||4|
|GF510||Risk Analysis and Management||4|
|GF530||Financial Statement Analysis||4|
|GF540||Investment and Securities Analysis||4|
|GF560||Fixed-Income and Futures Investing||4|
|GF599||Graduate Capstone in Finance||4|
|Total Core Requirements||40|
|Open Elective Requirements|
|Concentration Courses (see below)||16|
|Total Open Elective Requirements||16|
Concentration courses are completed within the open electives requirement of the degree plan.
|GB540||Economics for Global Decision Makers||4|
|GF580||Ethics for Financial Professionals||4|
|GF581||Financial Strategies for a Global Environment||4|
|GF582||Statistical Methods for Decision Making||4|
|GF590||Personal Financial Planning||4|
|GF591||Individual Insurance Planning||4|
|GF592||Income Tax Planning and Strategies||4|