KOGOD
MS FINANCE
PUBLIC KOGOD
PRIVATE KOGOD GRADUATES KNOW the interconnectedness of business, government, and nonprofits, and possess a strong global awareness of the impact of business on individuals and cultures around the world.
THE MASTER OF SCIENCE IN FINANCE
American University’s Kogod School of Business Master of Science in Finance (MSF) provides students with a rigorous and intellectually sophisticated framework for quantitative analysis and decision making in finance and finance-related areas, such as asset management, real estate, corporate finance, financial regulation, and banking. Located at the top of Embassy Row in Washington, D.C., Kogod is at the heart of financial market regulation and policy. Kogod faculty continue to be published in the top Finance journals and are also engaged in extensive work with major government agencies and international institutions, such as the SEC, CFTC, Federal Reserve Bank, IMF, and the World Bank, as well as major corporations. The intensive MSF degree program provides students the opportunity to become highly skilled professionals, ready to compete, succeed, and lead in today’s rapidly-changing global finance environment.
YOU MIGHT LIKE TO KNOW »» American University’s Kogod School of Business is accredited by The Association to Advance Collegiate Schools of Business (AACSB); this represents the highest standard of achievement for a business school worldwide.
»» Top American University undergraduates admitted to the combined BS/MS Finance program may apply up to nine approved credit hours toward fulfillment of the requirements for both degrees.
DEGREE REQUIREMENTS
33
GRADUATE CREDIT HOURS (WITH OPTION TO WAIVE THREE)*
PREREQUISITES
Prior to admission into the MSF program, the fulfillment of prerequisite coursework is required in accounting, economics, and basic statistics. Students who have not completed these may take them at Kogod in non-degree status prior to their admission into the degree program. The MSF program requires completion of 18 credit hours of core courses, and 15 credit hours of electives. CORE COURSES
»» »» »» »»
Financial Management* Financial Modeling Quantitative Methods I Derivatives and Risk Management »» Quantitative Methods II »» Fixed Income Analysis Students may also choose to take up to six hours of graduate-level courses in mathematics, statistics, accounting, and economics through American University’s College of Arts and Sciences. * Financial Management may be waived based on demonstrated fulfillment of subject matter by passing a waiver exam.
ELECTIVE COURSES
»» CFA Intensive Review »» Advanced Financial Management
»» Corporate Governance »» Corporate Valuation and Financial Strategy
»» Financial Regulation »» Financial Statement Analysis »» Investment Analysis and Portfolio Management
»» Investment Banking »» Financial Intermediation in Emerging Markets
»» Financial Institutions Management
»» International Finance »» Student-Managed Investment Fund
YOU MIGHT LIKE TO KNOW »» Full-time students can complete the program in one calendar year, including summer courses.
»» Part-time students can complete the program in two years. »» The CFA Intensive Review course helps students prepare for the Chartered Financial Analyst Level I examination. For those that take this course, more than 70 percent pass the exam on the first try, well above the national average.
»» Many resources are available to MSF students, including the Financial Services & Information Technology Lab, and the American University Library.
CAREER DEVELOPMENT
The Kogod Center for Career Development (KCCD) is committed to helping MSF students meet their career goals. Students benefit from KCCD’s one-on-one coaching, customized finance industry and networking events, and on-campus recruiting. Every year MSF students secure internships and full-time positions with a diverse set of employers.
TOP MSF INTERNSHIPS 2011 - 2013
BENNETT GROUP FINANCIAL SERVICES; CAPITOL PARTNERS; CAPSTONE STRATEGIC; CHINA; CHINA INTERNATIONAL FUND MANAGEMENT CO., LTD.; CONSERVATION INTERNATIONAL; CREATIVE INVESTMENT RESEARCH; FANNIE MAE; FEDERAL REALTY INVESTMENT TRUST; GRASSROOTS BUSINESS FUND; INSTITUTE OF INTERNATIONAL FINANCE; INSTITUTIONAL SHAREHOLDER SERVICES (ISS); INTERNATIONAL EXECUTIVE SERVICE CORPS (IESC); INTERNATIONAL FINANCE CORPORATION (IFC); K&M CONSULTING; MSCI; OVERSEAS PRIVATE INVESTMENT CORPORATION; TAYLOR-DEJONGH; U.S. DEPARTMENT OF THE TREASURY; UN FOUNDATION; WORLD BANK TOP MSF EMPLOYERS 2011 - 2013
BLACKROCK; BLOOMBERG; THE BURNEY COMPANY; CAMBRIDGE ASSOCIATES; CHINA EQUITY INVESTMENT; DAGONG CREDIT RATING CORPORATION; DELOITTE FINANCIAL ADVISORY SERVICES; FANNIE MAE; FREDDIE MAC; GEORGETOWN INTERNATIONAL; HSBC; INTERNATIONAL FINANCE CORPORATION (IFC); MERRILL LYNCH; NAVIGANT CONSULTING; PRUDENTIAL; PRICEWATERHOUSECOOPERS; STANDARD & POOR’S; UBS WEALTH MANAGEMENT; THE WORLD BANK; 3M
YOU MIGHT LIKE TO KNOW Classes of 2011-2013 Salary Data:
$70,769 MEAN / $98,000 HIGH
DISTINGUISHED FACULTY JIM MOSER, MSF Faculty Program Director,
Executive-in-Residence Moser recently worked as the deputy chief economist at the U.S. Commodity Futures Trading Commission (CFTC). While at the CFTC, he analyzed the Dodd-Frank rules restricting speculation in oil and other commodities. Previously, he was a research officer at the Federal Reserve Bank of Chicago and a senior director at the Chicago Mercantile Exchange. Moser’s research focuses on the contribution of derivatives to the real economy; the arrangements private markets make to resolve problems arising from the use of derivatives; and the proper role of government in regulating derivatives activity. H. KENT BAKER, University Professor Baker has extensive industry experience and has provided consulting and training services to more than 100 organizations. Baker is one of the leading survey researchers in finance. He has authored several books and published more than 200 articles for publications including the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analyst Journal, Journal of Portfolio Management, and Harvard Business Review. ROBIN LUMSDAINE, Professor
Lumsdaine is the Crown Prince of Bahrain Chair in International Finance at Kogod. She has a wealth of academic, public, and private sector experience, having held senior positions at the Board of Governors of the Federal Reserve System and Deutsche Bank, and previous faculty positions at Brown and Princeton. Her research has been published in Econometrica, the Review of Economic Studies, the Journal of Financial Economics, the Economic Journal, the European Economic Review, and other academic journals. Lumsdaine is also a National Bureau of Economic Research (NBER) Research Associate, a Center for Financial Stability (CFS) Senior Fellow, and the recipient of National Institutes of Health (NIH) grants. Her current research areas include international finance, systemic risk, central bank communications, aging and health care policy, financial literacy, and econometrics.
JEFFREY HARRIS, Professor Harris is currently the Gary D. Cohn Goldman Sachs Chair in Finance at Kogod. He has an extensive background in market microstructure and regulatory issues. Harris recently served as Chief Economist at the U.S. Commodity Futures Trading Commission, with prior experience as Visiting Academic at the Nasdaq Stock Market and at the U.S. Securities and Exchange Commission. His research appears in the Energy Journal, European Financial Management, Financial Management, the Financial Review, the Journal of Finance, the Journal of Investment Management, the Journal of Financial Economics, the Journal of Futures Markets, the Review of Futures Markets and the Review of Financial Studies. MICHEL ROBE, Associate Professor Robe has written extensively on insider trading, investor protection, optimal security design, and the costs of volatility for the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, the International Economic Review, as well as various other academic journals and in books. His current research deals with the organization and evolution of commodity and financial futures markets, derivatives-market microstructure, and cross-market shock transmission. He has been a Visiting and then Consulting Senior Economist with the U.S. Commodity Futures Trading Commission (CFTC). Robe also consulted for the U.S. Securities and Exchange Commission, the U.S. Department of Energy, and the U.S. Energy Information Administration. Robe was named Kogod Graduate Professor of the Year in 2012. ROBERT HAUSWALD, Finance Department Chair,
Associate Professor Hauswald’s research focuses on financial intermediation and regulation, corporate cooperation, financial contracting, and project and corporate finance, and has been published in the Review of Financial Studies and the Journal of Financial Economics. His teaching interests include international financial management, advanced corporate finance, financial engineering including fixed income securities, and the management of financial institutions.
ENGAGED ALUMNI
CAMDEN WILLIAM NUNERY, MSF ’11
Employer: U.S. Commodity Futures Trading Commission, Washington, D.C.
ZAK WALKO, MSF ’13 Employer: Deloitte, Washington, D.C. Internships: State Street Bank & Trust Co., London, United Kingdom Kogod Activities: Deloitte Recruiting Team for AU
YUANYUAN ZHAO, MSF ‘14 Employer and Internship: Fannie Mae, Washington D.C. Kogod Activities: 2013 Kogod Case Competition, Graduate Teaching Assistant
On his Kogod Experience: “I wanted to make a career transition. The MSF program made that possible. The program was rigorous, covering the foundations of finance, and the faculty was outstanding. They were excellent teachers, but more than that, they took an interest in my development and career, providing sound advice and support as I worked to pursue my goals.”
On his Kogod Experience: “When I was researching graduate schools, I wanted a program that would provide intellectually challenging, quantitative–based coursework. That is exactly what I’ve found in Kogod’s MSF program.”
On her Kogod Experience: “Kogod stood out to me due to its rich history, reputation and perfect location. The MSF program is highly student-centered with courses and activities designed for various academic interests and career paths.”
YOU MIGHT LIKE TO KNOW Kogod’s Student-Managed Investment Fund (SMIF) provides students with an opportunity for real-world experience in securities analysis and portfolio management. Currently, students oversee $470,000 in assets from a variety of positions, including analysts, fund managers, and portfolio managers. The program mimics the structure of an asset management team, similar to those at Fidelity or Vanguard.
KOGOD GRADUATE ADMISSIONS
Submit your online application and view application requirements at kogod.american.edu/apply All applicants are required to submit a GMAT or GRE score. Individual degree programs may offer test optional admission or waiver of the examination per the requirements detailed on the individual program webpages. Visit kogod.american.edu/admissions for more information.
SPRING 2015 DEADLINES MS admissions decisions are made on a rolling basis
NOV 15 DEC 10 2014 INTERNATIONAL APPLICANT DEADLINE
2014 FINAL DOMESTIC APPLICANT DEADLINE
FALL 2015 DEADLINES MS admissions decisions are made on a rolling basis
FEB 20 MAY 1 2015 INTERNATIONAL & SCHOLARSHIP PRIORITY DEADLINE
2015 FINAL SCHOLARSHIP CONSIDERATION DEADLINE
APPLICATIONS FOR THE MSF PROGRAM SHOULD BE SUBMITTED BY JULY 15.
CONTACT INFORMATION
Kogod Graduate Admissions American University’s Kogod School of Business 4400 Massachusetts Avenue, NW Room 115 Washington, DC 20016-8044 Jim Moser, MSF Faculty Program Director, Executive-in-Residence PHONE 202 885 1998 E-MAIL moser@american.edu WEBSITE kogod.american.edu/MSF E-MAIL kogodgrad@american.edu OFFICE OF ADMISSIONS 202 885 1913 DIRECTIONS kogod.american.edu/visit
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CONCEPT & DESIGN BY DESIGN ARMY
PHOTOGRAPHY BY CADE MARTIN
COPY BY PAULA WHEELER
ALL INDIVIDUALS PHOTOGRAPHED ARE MEMBERS OF THE AMERICAN UNIVERSITY COMMUNITY
NOTES
4400 MASSACHUSETTS AVENUE NW, WASHINGTON, DC 20016 WEBSITE: KOGOD.AMERICAN.EDU TELEPHONE: 202 885 1913