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  Nov 20, 2017
 
 
    
2012-2013 Graduate Catalog [ARCHIVED CATALOG/PREVIOUS EDITION]

Finance, Insurance, and Real Estate Department


Chair: M.D. Ryngaert
Graduate Coordinator: M. J. Flannery

Complete faculty listing: Follow this link.

The Department of Finance, Insurance, and Real Estate offers graduate work leading to the Master of Science degree with major programs in finance, in real estate, and in entrepreneurship (nonthesis option); and the Doctor of Philosophy degree in business administration with a concentration in finance or real estate. Complete descriptions of the minimum requirements for the M.S. and Ph.D. degrees are provided in the General Information section of this catalog.

Finance, Real Estate, and Entrepreneurship are also available as concentrations within the M.B.A program. For information about the M.B.A. program, please consult that listing in the General Information section.

Doctor of Philosophy - The Ph.D. program has a strong emphasis on scholarly research training. Admission requirements include (a) minimum grade point average of 3.5 in the last two years of an undergraduate program and in any previous graduate-level work, (b) minimum GRE score of 1300 or GMAT score of 600 (both verbal and quantitative scores must exceed the sixtieth percentile), and (c) (for nonnative speakers of English) a minimum score of 550 on the TOEFL. Generally students will not be admitted to the Ph.D. program unless they have been offered financial assistance by the University. Detailed information about the finance and real estate concentrations is provided below.

Finance

The student pursuing a concentration or major in finance typically specializes in corporate finance, financial markets and institutions, or investments. The Ph.D. curriculum consists of course work of four types: research foundations, the major field, a minor or supporting field, and a breadth requirement.

The research foundation requirements are comprised of courses in microeconomic theory, macroeconomic theory, mathematical methods and applications to economics, mathematical statistics, and econometrics. The actual courses will depend on the student’s background and proposed thesis research.

The major field in finance consists of at least 16 credit hours in graduate course work in finance including financial theory, corporate finance, and seminars in empirical methods, market micro structure, and special topics. Students may elect to have one “strong” minor (16 credit hours), two “weak” minors (8 credit hours each), or a supporting field which is not declared as a minor. If a supporting field is chosen, at least 16 hours of course work acceptable to the student’s supervisory committee must be taken. The supporting field option is selected when a student wishes to take courses across a number of departments. The department offers a combined B.S./M.S. program. Contact the graduate coordinator for information.

The breadth requirement applies only to students with no prior course work in business and consists of financial and managerial accounting or their equivalents, plus two courses out of the following areas: managerial economics, production operations management, or problems and methods in marketing management. Other requirements are listed in the General Information section of this catalog.

Master of Science degree in Finance, nonthesis option: This M.S. program option consists of at least 32 credits in letter-graded courses. It is designed to ensure that each student acquires a basic knowledge of the major financial economics subject areas: corporate finance, derivatives, fixed income securities, investments, international finance, and real estate. The program is designed to prepare students with an undergraduate background in finance for positions in commercial banking, money management, investment banking, and securities markets. The Department also offers a combined bachelor’s/master’s program. Contact the graduate coordinator for information.

Master of Science degree in Finance/juris doctorate joint degree program: This joint degree program culminates in the M.S. and J.D. degrees. Applicants must meet the entrance requirements for both the Warrington College of Business Administration and the Levin College of Law. Admission to the second degree program is required no later than the end of the second consecutive semester after beginning one degree in the joint program.

Real Estate

The research foundations are identical to those listed above for finance. The major field, minor, and supporting field requirements have the same credit stipulation as those outlined above for finance, except that the major work is in real estate.

The breadth requirement, as in all concentrations for the business administration program, applies only to students entering without prior course work in business. It consists of at least three courses from the following list (two or more fields must be represented): managers and legal environment of business, finance, money and capital markets, problems and methods of marketing management, consumer behavior, and financial and managerial accounting.

Master of Science degree in real estate, nonthesis option: This M.S. option consists of at least 34 credits of letter-graded courses. It is designed to ensure that each student acquires a basic knowledge of the various functional areas in real estate, real estate finance and investment, real estate development, real estate law and institutions, real estate asset management, international real estate, and advanced training in specialized areas. The capstone course (REE 6948 ) involves actual projects in which students work in teams to undertake a real estate problem for real clients. This two-tiered program of study provides both a firm theoretical foundation for later professional effectiveness and an applied bridge to professional practice.

Master of Science degree in real estate/juris doctorate joint program: This joint degree program culminates in the M.S. and J.D. degrees. Applicants must meet the entrance requirements for both the Warrington College of Business Administration and the Levin College of Law. Admission to the second degree program is required no later than the end of the second consecutive semester after beginning one degree of the joint program.

Entrepreneurship

Master of Science degree in entrepreneurship, nonthesis option: This M.S. program consists of at least 30 credits in letter-graded courses. It is designed to provide students with the entrepreneurial and innovation skills needed for the cultivation and development of entrepreneurial practice and innovation management. Development of skills in idea generation, feasibility analysis, business plan creation, and management of early-stage and high-growth ventures are an integral part of the program. Students are not required to have an undergraduate degree in business.

 

 

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