2019-2020 Graduate Academic Catalogue 
    May 18, 2024  
2019-2020 Graduate Academic Catalogue [ARCHIVED CATALOG]

Master of Science in Finance

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Office: Timonium Campus, Suite 08
Telephone: 410-617-5067
Website: www.loyola.edu/sellinger

Assistant Dean: Susan Hasler
Director of Graduate Evening Programs: Patricia Tarrant

This program is no longer accepting applications.

The Master of Science in Finance (MSF) offers advanced financial training. The MSF program builds on a foundation of business and qualitative skills and is designed to offer a strong conceptual understanding of finance in order to develop a student's analytical and critical thinking skills. Additionally, the program is designed to enhance the student's ability to sit for the initial professional certification examinations within the finance profession. Four major themes are stressed within the MSF program: technical competence, application of financial tools to decision making, value creation for stakeholders, and professional responsibility and ethics.

Admission Criteria

Detailed admission information (application procedures, required documents, deadlines, etc.) can be found under Admission.

GMAT Waiver Policy

Applicants to the MSF program who meet certain provisions can request consideration for admission without submitting a GMAT score. If, upon review by the admission committee, the applicant is considered admissible without a GMAT score, that requirement will be waived.

Applicants who wish to be considered for a GMAT or GRE waiver must:

  • Meet at least one of the classifications in the table below;
  • Request the GMAT or GRE waiver using the check box on the online application form;
  • Supply the required documentation and submit a petition form to an admission advisor;
  • Submit a complete application file before the waiver request will be considered.
Basis for GMAT/GRE Waiver Required Documentation
Hold a terminal degree such as a JD, MD, DO, PhD, EdD, PharmD, or DDS. Official transcript(s)
Hold a graduate degree (master's level) and/or professional certification (CPA, CFA, CMA, CIA or CFP), with evidence of significant quantitative course work and a minimum 3.25 cumulative GPA for highest degree earned. Official transcript(s) for degree
Copy of licensure or certification
Have graduated with a bachelor's degree with a minimum cumulative GPA of 3.4 from a regionally accredited program or equivalent, determined by the Graduate Business Admission Committees. A math proficiency exam may be required if quantitative coursework is not evident. Official transcript(s)
Admission advisor's verification of regional accreditation
Have a minimum 3 years of progressive, professional, full-time work experience that entails a significant scope of responsibility (managing people/projects/budgets) and employs in-depth quantitative and analytical skills.  An interview with an academic advisor is required. Detailed professional résumé to include listing of job roles, time in role, and promotions

An interview with an academic advisor may be required. Petition for a GMAT or GRE waiver does not guarantee approval and is considered by the Admission Committee in conjunction with an applicant's complete admission file. The Admission Committee reserves the right to require a GMAT or GRE score or alternative testing from an applicant even if the basic conditions are met.

Financial Aid

Student loans are available. All applicants should file a Free Application for Federal Student Aid (FAFSA) to be considered for aid. Inquiries concerning loans should be directed to the Office of Financial Aid, 410‑617‑5020.

Prerequisites and Basic Competencies

The MSF program attracts students with strong intellectual abilities, demonstrated records of success and the keen desire to pursue a successful career in the field of finance. The program focuses on students who have a bachelor's or master's degree in a business discipline; however, students with strong academic and experience credentials from any academic discipline are accepted.

A student entering the MSF program should have facility in algebra and graphing of mathematical functions, graphic interpretation, and probability. Proficiency in these areas will be assumed with recent college or graduate level credit (grade of B or better in a single course) in finite mathematics, precalculus, or mathematical models for business. Proficiency may also be established through superior GMAT performance or a score of 80 percent or better on the Math Proficiency Exam. 

Courses in the MSF program use computer software for presentation and analysis. Students can expect to receive assignments using spreadsheets, and they may also be required to employ specialized software, CD or online databases, or mainframe systems. Prior to beginning the program, students must be able to design and manipulate spreadsheets and be familiar with Microsoft Excel, Word, and PowerPoint software at the intermediate level. Once enrolled, advanced help courses are offered without charge through Technology Services, 410‑617‑5555.

Degree Requirements

A minimum of 30 core course credits is required of all students. For specific policy information on non-Loyola coursework considered for advanced standing or transfer, as well as Loyola coursework eligible for application from one Loyola business program to another, see Transfer Credit under Academic Regulations and Policies .

The curriculum consists of 10 three-credit courses. Students take nine required courses and then choose the tenth course from two course options (see below).

Preprogram Competencies

  • Math proficiency in finite mathematics.
  • Reflective Learning and Program Orientation (non-credit)

A program orientation presents an overview of the administrative procedures and various student support services available for MSF students.  The orientation also provides an introduction to the concept of "reflection" as an integral tool for lifelong learning.  Newly admitted students will have an opportunity to meet with advisors and other university personnel. Students are required to complete the orientation.

Proficiency Exams

In GB 715 - Applied Business Statistics , there is the opportunity to demonstrate proficiency through an exam and receive credit for this course.   Exams are available by appointment through the Graduate Business Programs Office. The testing fee is $100 per exam.  Students must receive an 80% or better on the exam to receive credit for the class.  For more information on waiver test availability or to arrange to sit for an exam, contact the Graduate Business Programs Office at 410‑617‑5067.

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