Walsh College

Master of Science in Finance


Master of Science in Finance

Walsh College Finance Program Brochure (pdf)

The Walsh College Master of Science in Finance (MSF) Degree offers graduate education in all aspects of finance. It entails a blend of courses in financial and it cognates, accounting and economics. There are three concentrations available in the MSF program, including financial management, financial services, and managerial economics. Each student is required to complete all courses in a chosen concentration to complete their course of studies.

The MSF consists of 12 courses for 36 semester credit hours, including eight core courses, three concentration courses, and a capstone course. Courses are offered in a hybrid format, combining in-person classroom instruction with online learning. Select courses will require on-campus attendance while others will be available entirely online. Most on-ground courses will be taught in a 2+2 format, with two hours of on-campus instruction and the equivalent of two hours of online instruction.

The MSF degree requires a minimum of 24 semester credit hours in residence at Walsh College. Students have the capacity to earn a dual MBA/MSF degree with only 18 additional credit hours of study for a total of 60 semester credit hours.

Graduate Communication Assessment

The graduate communication assessment must be taken prior to your first COM 510 Communication and Success Strategies class session. There is no fee associated with this assessment.

The graduate communication assessment is a tool designed to measure written communication skills. Students will select from two topic essays, appropriate for graduate students, which will be evaluated based on the following criteria:

  • Grammar and mechanics
  • Style
  • Organization and development

The graduate communication assessment may be taken at the Troy Campus Testing Center or the Novi Campus Library.  An appointment is required.

Appointments made be scheduled at the Troy Campus Testing Center using this link: https://www-secure.walshcollege.edu/Test_Scheduling/.  For the Novi Campus, please contact the Administrative Office at 248-349-5454 to schedule an appointment to take the assessment at the Novi Library.

Please refer to your admission packet for more information regarding the graduate communication assessment.

 Gateway Courses
 COM 510 Communication and Success Strategies*
 ACC 510 Financial and Managerial Accounting*
*Graduate Gateway Courses: Both COM 510 and ACC 510 must be completed with a "B" (3.000) or higher to continue on in the MSF program.
 Core Courses
 QM 520 Business Analytics
 FIN 510 Financial Management
 FIN 515 Financial Markets
 ECN 523 Global Economics
 FIN 506 Financial Statement Analysis
 FIN 521 Investments
 Capstone Experience (Select One)
 FIN 532 Portfolio Analysis
 FIN 550 Case Studies in Finance
 FIN 551 Case Studies in Mergers and Acquisitions
 FIN 590 Mergers and Acquisitions
A minimum cumulative GPA of 3.000 must be earned while in residence. All other courses must be completed with a "C" (2.000) or higher.

MSF Concentrations - Select One

All MSF students must complete a minimum of three courses in a selected concentration. The following concentrations are available. Students must meet course prerequisites.

Financial Management

This concentration is designed for students interested in a career in financial management and corporate consulting. Coursework provides an opportunity to learn the advanced skills necessary for performing financially-oriented analytical and managerial functions within the corporate environment.

 Financial Management
 FIN 504  Financial Theory and Practice
 FIN 512 International Finance
 FIN 587 Business Valuation

Financial Services

This concentration is designed for students desiring the graduate-level skills necessary in the financial services industry. It is recommended for students interested in career paths in banking, investment banking, consulting, real estate, leasing, or the financial service function of major corporations.

 Financial Services
 FIN 509 Bank and Financial Institution Management
 FIN 520 Real Estate
 FIN 525 Risk Management

Financial Economics

This concentration is designed for students interested in acquiring graduate-level skills in utilizing economic principles as a basis for financial decision-making. A variety of applied economics courses are available for students selecting this concentration.

 Financial Economics
 ECN 527 Managerial Economics
 ECN 528 Economic Environment of the Firm
 ECN 529 Case Study of the Entrepreneurial Firm

No GMAT Required

We evaluate your application in a careful review of what you have accomplished since graduating from college, together with your academic record in your other degree programs. Those are much better indicators of your success as an MBA student than a formal test score.

View graduate admission requirements or contact the Admissions & Advising office to schedule an appointment:



The MSF program is also available as part of a dual-degree option with the MBA. The Dual MBA/MSF allows students to complete two distinct graduate degrees in one concise program. The Dual MBA/MSF requires a total of 18 additional courses for 60 semester credit hours. For course descriptions and other detailed program information, please refer to the Walsh College Catalog.


According to the U.S. Bureau of Labor Statistics, the deregulation of the banking industry has allowed banks, insurance companies, and brokerage firms to broaden their financial services portfolios, creating additional need for financial analysts and personal financial advisors.  Financial managers are among the occupations in Michigan adding the most jobs, with projected openings expected to grow faster than average through 2010. Senior-level positions in corporate finance including senior financial and cost analysts. Controllers and CFO’s would typically require a MSF or a CPA.  Students seeking jobs at top securities firms where the pay can be lucrative will face stiff competition.  


According to the National Association of Colleges and Employers (NACE), starting salaries for graduates with a master’s degree in finance range from $55,400 to $84,000. Experience and promotion in this field can lead to a much higher earnings potential. CFOs can earn from $87,000 to $360,000 depending on the size of the company.  The U.S. In May 2013, the U.S. Bureau of Labor Statistics reports that the median salary for financial analysts was $78,380.

Walsh College MSF Alums

Lorraine Goodrich, MSF '03

Chief Financial Officer

Automotive Industry Action Group

"In today’s competitive job market, an advanced degree from Walsh can really send your resume to the top of the pile! The networking opportunities are exceptional. Walsh was also a great fit for me as a working professional."

Lou Schmidt, BBA '90 & MSF '97


HoneyBaked Ham Company of Michigan

"Walsh has been good to me and my family. I can’t imagine getting a better education. With the scholarship, we hope to help along a student who aspires to be a successful business person – someone who is hard-working and driven to contribute at a higher level."

Mike Semanco, MSF '99

President & COO

Hennessey Capital

"As the state's largest graduate business school, Walsh has the business side of innovation covered."  

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