Walsh College

Master of Science in Finance


Master of Science in Finance

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 finance and its cognates, accounting and economics. There are two concentrations available in the MSF program: financial management and financial services. 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.

Master of Science in Finance Program

12 courses, 36 credits


Gateway Courses

ACC 508

Introduction to Accounting*

COM 510

Leadership Communication*

*Graduate Gateway Courses: Both ACC 508 and COM 510 must be completed with a "B" (3.000) or higher to continue on in the MSF program.

Core Courses

ECN 523

Global Economics

FIN 506

Financial Statement Analysis

FIN 510

Financial Management

FIN 515

Financial Markets and Institutions

FIN 521


QM 520

Business Analytics

Select one of the following concentrations:

Financial Management Concentration

FIN 504

Financial Theory and Practice

FIN 512

International Finance

FIN 587

Business Valuation

Choose one:


  FIN 550

Case Studies in Finance

  FIN 590

Mergers and Acquisition


Financial Services Concentration

FIN 509

Bank and Financial Institution Management

FIN 525

Risk Management

FIN 532

Portfolio Management

FIN 549

Finance MAP


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.

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, the Novi Campus Library, or an approved external testing site. 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.  Proctors and locations external to Walsh College must be pre-approved by the Walsh College Testing Center. Click here for additional information and guidelines for securing an out-of-area proctor.

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

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:


Dual Degree Option

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.

Opportunities for Employment

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.  

Salary Expectations

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
Hitachi Business Finance, a Division of Hitachi Capital America

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


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