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Finance (MS)

by | Nov 16, 2022 | 0 comments

Finance (MS)

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    CONTACT

    Steve Firestone

    Program Director, Associate Professor of Finance

    Hall of Sciences 338

    201-736-8648

    sfirestone@drew.edu

    CONTACT INFORMATION

    Office of Graduate Admissions

    36 Madison Avenue Madison, NJ

    973-408-3111

    gradm@drew.edu

    Contact a specific staff member

    Admission Requirements

    • Bachelor’s degree from an accredited institution
    • Completed application
    • Official transcripts
    • GRE or GMAT scores optional
    • Resume/CV
    • Personal statement

    Non-Drew Students:
    In addition to submitting either GMAT or GRE scores, students must have completed undergraduate coursework in calculus, statistics and principles of microeconomics and macroeconomics. Some or all of these prerequisites may be waived based on prior undergraduate coursework.

    Drew Students:
    Students must officially apply to the MS in Finance program during the final semester of their senior year of undergraduate study. (Applications from recent graduates will also be considered.)

    Prerequisites

    The required courses below may be waived based on prior undergraduate coursework.

    • Principles of Microeconomics
    • Principles of Macroeconomics
    • Introductory Statistics
    • Calculus and Analytical Geometry
    • Introduction to Programming (Financial Engineering Concentration only)
    Additional Navigation

      Master of Science in Finance

      Drew’s STEM-designated Master of Science in Finance (MS) program is a rigorous 30 credit immersion in the quantitative and analytical methods and tools used in financial services today.

      Building on Drew’s two decades of success with our unique Wall Street Semester and strong ties to the financial services industry, MS students receive the training and credentials needed to succeed in careers in a variety of organizations, including banks, financial firms, global corporations, government agencies, and nonprofits.

      Unique to the Drew MS in Finance program, participating students will have opportunities to apply their knowledge and skills through financial internships, in the real world, while completing classroom coursework. Mentors work with students in diverse areas such as municipal bond research, derivatives trading, and private equity, and each student has the opportunity to network with NYC-based financial institutions while studying at Drew.

      A team-based portfolio management assignment occurs during the capstone which allows students to present asset allocation recommendations to a panel of industry practitioners and financial experts. Drew’s co-curricular programming includes guest lectures and trips into NYC to visit financial firms, regulators, and even nonprofits centered on promoting ethical financial behavior and financial literacy.

      Concentrations

      Financial Engineering
      Drew’s STEM-designated Master of Science in Finance program with a concentration in Financial Engineering is a rigorous, 30-credit immersion in advanced finance. Students will learn how to apply finance, mathematics, programming, and engineering methods to build models and solve complex financial problems. Across the financial markets, there is a growing need for financial engineering skills in algorithmic trading, risk management, securitization, and derivatives. Drew students will be leading that change forward.

      Financial Engineering at Drew >

      Drew’s STEM-designated Master of Science in Finance program with a concentration in Investment Management is a rigorous, 30-credit immersion into investments. This concentration emphasizes expertise in financial statement analysis, investment ethics, and advanced portfolio management techniques. Last year, Drew’s Master of Science in Finance Program fielded competitive teams for the CME Group University Trading Challenge and the Chicago Quantitative Alliance (CQA) Investment Challenge. Graduates are prepared for careers in a variety of organizations, such as retail and institutional investment management, trading, and other investment-related services.

      Investment Management at Drew >

      Recent Internships

      Recursion Co., NextGen Strategic Advisors, New Jersey Department of the Treasury, DriveWealth, Fairfield Advisors, Finlay Parker Holdings, StratoBridge Asset Management, National Municipal Research, Brean Capital, and WBB Asset Management.

      Recent Full Time Placements

      Morningstar, BNY Mellon, Chubb, Bank of America, KPMG, Pagaya Investments, State Farm, Colliers, Toorak Capital Partners, Creatd, L’Oréal, Wiss & Company, Aon, Chengtay, Panasonic, Shanghai Pudong Development Bank and China Minsheng Bank.

      Full-Time Faculty

      Directors: Steve Firestone, Associate Professor of Finance, Associate Chair – Department of Business and Hamed Yousefi, Assistant Professor of Finance

      Qiqi Liang, Assistant Professor

      Adjunct Faculty

      F. Michael Hussain
      John Nolan
      Joy Palmer
      Kerem Yaman

      Full-Time (One-Year Option)
      Step-by-Step Path to Your Degree

      Fall (12 credits)
      This initial semester covers the basics, including understanding financial statements, analyzing systemic and other external factors, as well as exploring the foundations of investing and securities valuation.

      • Financial Statement Analysis (3 credits)
      • Financial Risk Management (3 credits)
      • Investments I (3 credits)
      • Financial Quantitative Analysis (3 credits)

      Building on the fall semester, students will go on to learn about topics, including financial analysis, capital budgeting, and capital structure, as well as emotional-based financial decision-making, experimental finance, psychological theories, and behavioral biases.

      • Corporate Finance (3 credits)
      • Investments II (elective, 3 credits)
      • Derivatives (elective, 3 credits)
      • Behavioral Finance (elective, 3 credits)

       

      Focusing on experiential learning and collaboration, the final semester will challenge students to apply what they’ve learned within the context of an organization, and through the capstone project, work in small groups to analyze and present a multifaceted financial case.

      • Internship (3 credits)
      • Capstone (3 credits)

      Part-Time (Two-Year Option)
      Step-by-Step Path to Your Degree

      Year 1: Fall (6 credits)
      Year one begins with the basics, including understanding financial statements, analyzing systemic and other external factors—as well as exploring the foundations of investing and securities valuation.

      • Financial Statement Analysis (3 credits)
      • Investments I (3 credits)

      The spring semester introduces students to data analysis from multiple perspectives, using previously learned and new mathematical methods to answer empirical questions in finance. Additionally, students have opportunities to fortify core coursework information with learnings found in Drew’s elective offerings that cater to a broad cross-section of interests and career goals.

      • Behavioral Finance (3 credits)
      • Investments II (3 credits)

      Year two addresses the quantitative and qualitative measures of finance. Students learn to identify and assess risk using multiple risk management best practices, while simultaneously focusing on the application of mathematical tools, concepts and models used to approach the real-world problems of finance.

      • Financial Risk Management (3 credits)
      • Financial Quantitative Analysis (3 credits)

      Corporate finance theories and their applications and unstructured and structured data analysis are the focus of the second spring semester. As students become more immersed and comfortable with topics including financial analysis, capital budgeting, capital structure, cost of capital and management of short-term liquidity, they will learn to and apply strategies to evaluate corporate long-term strategic decisions and be exposed to some programming.

      • Corporate Finance (3 credits)
      • Derivatives (3 credits)

      The final stretch. Focusing on experiential learning and collaboration, the final semester will challenge students to apply what they’ve learned within the context of an organization, and through the capstone project, work in small groups to analyze and present a multifaceted financial case.

      • Internship (3 credits)
      • Capstone (3 credits)

      Latest News

      Drew University Welcomed Into CFA Institute University Affiliation Program

      Drew University has become the latest school to be welcomed into the CFA Institute University Affiliation Program (UAP). Drew’s Master of Science in Finance program has been acknowledged as incorporating at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK) and placing emphasis on the CFA Institute Code of Ethics and Standards of Professional Conduct within the program. These programs position students well to obtain the Chartered Financial Analyst (CFA®) charter, which has become the most respected and recognized investment credential in the world. Drew’s entry into the CFA Institute UAP signals to potential students, employers, and the marketplace that Drew’s curriculum is closely tied to professional practice and is well-suited to prepare students to sit for the CFA exams. Through participation in this program, Drew is also eligible to receive a limited number of CFA Program Student Scholarships each year.
      LEARN More

      “Drew professors really care about their students and are willing to sacrifice their time to help. Professor Firestone spent his free time talking with me, answering my career questions, and providing valuable insight whenever I needed advice—even after I graduated. I wouldn’t be in my current position without his help.”

      Ping-Hua (Kevin) Chiu G’19
      Options Trader, Tetrion Capital

      Drew University has partnered with the Global Association of Risk Professionals (GARP), a leading organization in the risk management industry.

      The academic partnership will provide students in the Caspersen School of Graduate Studies’ Master in Finance program access to scholarships, highly regarded certification programs, research fellowship opportunities and a global network of more than 200,000 certified professionals.

      “GARP is very pleased to announce the addition of Drew University to the GARP Partnership for Risk Education. The Master of Finance degree offered by the Caspersen School of Graduate Studies is a highly rigorous program. The program is supported by top-notch faculty with strong connections to the New York City financial community. The curriculum is interdisciplinary in its approach and is designed for direct application in the financial sector. Students matriculating in this program will be well positioned to pursue the FRM designation and to assume strategic roles within the global risk management industry.” – William May, Global Head of Certifications and Educational Programs, GARP

      LEARN More

      “At all levels, the professors at Drew are truly mentors. They understand the culture of a classroom really begins with their attitude, interest in the topic, and classroom policies. Every teacher I have had the pleasure of coming in contact with at Drew absolutely cares and conducts their classroom as an all-inclusive environment.”

      Mitchell Weiser G’19
      Acquisitions Analyst, CREC Capital (Colliers Intl)

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