Santa Clara University

Leavey School of Business

Master of Science in Finance

Introduced in June 2013, the Master of Science in Finance is designed to produce graduates who have the skills to:

  • Evaluate risk, devising appropriate risk and investment management strategies
  • Interpret and analyze financial information, and develop financial model to assist decision-making
  • Understand ethical standards in business and recognize and evaluate issues of ethics and integrity facing financial
  • Develop and strengthen skills in leadership and collaboration

The MSF program is a one year, full-time degree program which equips the students with the business skills and practical experience to ready themselves for careers in banking, consulting, corporate finance, government, and investments. Summer Bootcamp courses are shared with MS in Entrepreneurship students. With finance elective courses the student can focus in corporate finance, investment management, or capital markets. The MSF program is taught by the same faculty as the MBA program, and has the same Association to Advance Collegiate Schools of Business International (AACSB) accreditation. A new class begins each June.

ADMISSIONS

Admissions requirements for the MSF program are similar to those for the evening MBA program (please refer to the Admissions section, Chapter 3) with the following exceptions:

  • Admission is in the summer quarter only
  • Deferments are generally not permitted
  • Professional work experience is not required
  • An interview is required

Please refer to www.scu.edu/business/msf/admissions for additional information.

ACADEMIC INFORMATION

Pre-program Requirement
Admitted students have until the end of their first term in residence (end of Summer quarter) to complete the Calculus requirement. We encourage students to complete the requirement before enrolling in the program if possible. Calculus may be satisfied by: (a) having taken a minimum of 3 quarter units of college calculus within the past 10 years with a grade of C or better, or (b) having a bachelor’s degree in engineering, mathematics, or the physical sciences if accompanied by a strong GMAT/GRE quantitative score, or (c) passing the OMIS 351 Mathematical Analysis Equivalency Exam, or (d) completing OMIS 351 with a P (passing) grade or an approved business calculus course elsewhere with a grade of C or better during the first quarter. Students with math/science/engineering degrees are waived from this requirement.

Course Waiver Policy
Students in the MSF program may receive credit for coursework taken previously in limited circumstances. Students with a professional qualification (CPA, CMA, Chartered Accountant or similar) or recent (within 6 years) substantial coursework in accounting, including through Intermediate Accounting, may receive credit for the Accounting requirement. Students with substantial preparation in statistics, including coursework (within 6 years) may receive credit for the Statistics core requirement. A minimum grade of B is required in each class accepted for waiver credit. Transcripts for students with undergraduate degrees in Finance will be evaluated on an individual basis to determine if any waiver credit will be granted.

The determination of whether prior coursework or professional qualification is sufficient for credit may be made by the admissions staff in many circumstances. In unusual situations, students may be asked to prepare a petition outlining their prior preparation for faculty review.

This policy applies to matriculated students only. Policies for non-matriculated students may be different.

Program Description
The MSF program requires 49 units to complete the degree. Below is the required curriculum, listed by term.

Summer Bootcamp (12 units)

  • ACTG 2300 Financial Accounting (3 units)
  • MGMT 2505 Business Integrity and Society (3 units)
  • MGMT 2501 Managerial Competencies and Team Effectiveness (3 units)
  • OMIS 2353 Statistical Methods (3 units)

Fall Quarter (13 units)

  • ACTG 2303 Corporate Financial Reporting (3 units)
  • ECON 2401 Economics for Business Decisions (3 units)
  • FNCE 2452 Financial Management (4 units)
  • Unrestricted Elective (3 units)

Winter Quarter (12 units)

  • FNCE 2453 Corporate Finance (3 units)
  • FNCE 2455 Investments (3 unit)
  • Unrestricted Electives (6 units)

Spring Quarter (12 units)

  • Finance Electives (3 courses/9 units)
  • Unrestricted Elective (3 units)

Finance electives may be clustered to create a focus in corporate finance, investment management, or capital markets.

Note: Please refer to Chapter 18 for all course descriptions.

Leaves of Absence
Due to the full-time nature of the MSF program, a student requiring a leave of absence may be required to withdraw from the program. Alternatives to continuing his/her education should be discussed with the director, M.S. Programs.

Program Withdrawal
Students who want to withdraw from the program and the university must notify the Graduate Business Programs Office of their intent in writing. Some portion of the tuition may be refunded and will be determined at time of withdrawal notification. Withdrawal from the university is not complete until the student clears obligations with the Bursar’s Office.

Transferring into Another Graduate Business Program
Transferring into another graduate business program is possible. A transfer will be granted only once, is not automatic, and is at the discretion of the faculty director and the assistant dean.

For information regarding entrance into the MBA program after completion of the MSF program, contact the Graduate Business programs Office, 116 Lucas Hall.

Academic Standing
To qualify for the MSF degree, a student must maintain an overall grade point average (GPA) of at least 3.0 in all work taken in the Leavey School of Business. A grade of C- is considered a minimum passing grade in each course. A grade of F is considered a failing grade, and the units will not be counted toward graduation requirements.

After bootcamp (sessions 1 AND 2), if a student has a cumulative GPA below a 3.0, he/she will be placed on academic probation. A student then has one quarter to raise the GPA to 3.0.

The administration will reach out to the faculty midway through the term to acquire a status update on academic performance to ensure students are aware of academic resources and tutoring in an attempt to resolve matters before they can become GPA issues.

If a student has a cumulative GPA below a 3.0 at the end of his/her final quarter and all course requirements have been satisfied, no degree will be awarded until the cumulative GPA is a 3.0 or better through completion of additional course work in the SCU graduate business school.

Student Responsibility
Students enrolled in the MSF program are required to follow the same policies and procedures as students in the evening MBA program. Each student is personally responsible for knowing all of the academic regulations of the graduate business school. This includes, but is not limited to: grading, honor code, leave of absence, withdrawal, and concurrent enrollment policies. Please refer to the Academic Information section, Chapter 5, for additional information.

STUDENT LIFE

MSF program students can take advantage of all of the Graduate Business student life activities, which include but are not limited to:

  • Student network events
  • Career management seminars
  • Career fairs
  • Career counseling
  • End-of-quarter networking socials
  • Academic awards and recognition
Printer-friendly format