Gain a strong foundation in management principles and specialized skills in financial decision making with a master's degree in management with a specialization in financial management.
The Master of Science in management with a specialization in financial management from University of Maryland University College provides you with solid management skills that are essential to the core functions of every organization. This program offers you the tools to make high-level decisions that can impact an organization's current operations and financial future.
These program requirements are for students who enroll in the 2018–2019 academic year. For prior year academic requirements, visit the catalog archive in the Current Students section.
About the Management Master's Degree with Financial Management Specialization
Courses in the financial management specialization feature projects for companies, studies of real crises, and analysis of real-time data sets. Among other topics, you'll study financial management methods used by government agencies, nonprofit groups, and privately held companies, as well as behavioral finance, long-term financial management and investing, international finance, and strategic financial management. A board of industry leaders and employers advises our faculty to make sure courses stay up-to-date with industry trends.
What You'll Learn
Through your coursework, you will learn how to
- Manage your organization's current financial operations (cash, inventory, accounts receivable policy, payables, short-term loans, etc.)
- Make long-term financial decisions, such as evaluating and selecting capital investments, financing capital requirements, taking a company public, and navigating mergers and acquisition as well as bankruptcy/liquidation
- Incorporate international environments and opportunities into your planning
- Manage costs and risks and evaluate investments using industry software
- Perform financial analysis and modeling
- Make strategic management decisions to solve operational problems
In past projects, students have had the opportunity to
- Use Harvard University's case studies on companies facing financial challenges to analyze their situation and propose solutions
- Examine the sources of the 2008 global financial crisis and analyze how companies acted to recover or moderate its effects
- Play the role of a new CFO tasked with performing a comprehensive analysis of a hypothetical S&P 500 company and document findings in a paper for review by the company's CEO
This program can help prepare you for the following certification exams:
- Accredited Valuation Analyst (AVA)
- Certified Financial Examiner (CFEx)
- Certified Government Financial Manager (CGFM)
- Certified Healthcare Financial Professional (CHFP)
- Certified Risk Professional (CRP)
- Certified Treasury Professional (CTP)
- Certified Valuation Analyst (CVA)
- Chartered Asset Manager (CAM)
- Chartered Economist–Economic Policy Analyst (ChE)
- Chartered Financial Analyst (CFA)
- Chartered Market Analyst (CMA)
- Chartered Portfolio Manager (CPM)
- Chartered Trust and Estate Planner (CTEP)
- Chartered Wealth Manager (CWM)
- Financial Risk Manager (FRM)
- Master Financial Manager (MFM)
- Master Financial Professional (MFP)
- Registered Business Analyst (RBA)
Management Master's Degree with Financial Management Specialization Requirements
Our curriculum is designed with input from employers, industry experts, and scholars. You'll learn theories combined with real-world applications and practical skills you can apply on the job right away.
Master's - specialization Courses
- UCSP 615
(to be taken within the first 6 credits of study)
- MGMT 610
- MGMT 615
- MGMT 640
- MGMT 650
Core Rules & Recommendations
- MGMT 610 must be taken within the first 6 credits.
- MGMT 640 and MGMT 650 should not be taken at the same time.
- If you don't have recent statistics experience, take UCSP 630 before MGMT 650.
- If you lack a recent background in finance or accounting, you should take UCSP 620 before MGMT 640.
- FIN 610
- FIN 615
- FIN 620
- FIN 630
- FIN 640
- FIN 645
- FIN 660
Specialization Rules & Recommendations
- FIN 610 must be taken before all other FIN courses.
- MGMT 640 must be taken before FIN 610.
- FIN 620 and FIN 630 must be taken before FIN 660.
- FIN 630 must be taken before FIN 645.
- MGMT 670
Capstone Rules & Recommendations
You must complete 24 credits, including all core requirements, before enrolling in MGMT 670.
- You must maintain a GPA of 3.0 or higher at all times.
- All degree requirements must be fulfilled within five consecutive years.
- Any transfer credits must have been earned within the five-year time frame to be applied toward a graduate degree.
This program is designed to help prepare you for a leadership position in financial management in areas such as financial planning, financial analysis, investments analysis, loans, and consulting.
Experience Recommended for Success in the Program
This program is designed for midcareer professionals. We recommend a background in statistics, finance, and accounting. If you don't have recent statistics experience, we recommend you take UCSP 630. If you lack a background in finance or accounting, we recommend you take UCSP 620. We recommend UCSP 605 if you'd like to improve your graduate writing skills.
Student Clubs and Organizations
Type: Academic club
Available To: Undergraduate and Graduate
The Accounting and Finance Forum provides information about the accounting and finance majors as well as topics of interest from course selection to career paths. It assists students with the exploration of resources on accounting and finance careers and the accounting and finance fields, including job postings and information about career opportunities.
About the Faculty
Our world-class faculty members combine academic credentials with a wealth of experience in the field.
Faculty members in this program hold or have recently held positions including
- Chief economist
- Chief statistician
- Financial analyst
- Financial consultant
- Financial manager
- International investment project manager
- Mortgage banker
- Portfolio manager
Our faculty work or have worked at organizations including
- Agrani Bank
- Government of Mexico
- Ibbotson Associates
- Schabacker Investment Management
- United Nations Development Bank
- U.S. Department of Commerce