MS/MBA in Finance

The Master of Business Administration (MBA) program has been designed to provide the appropriate academic preparation for individuals to hold professional careers in either the private or the public sector. It is a comprehensive program directed to equip students with the theoretical basis complemented with necessary tools, techniques, skills, and applications to cope with the complexities and demands of the internal and external business environments, and to make better decisions.

The program builds on and develops fundamental knowledge in the area of finance. Students are guided and mentored as to the appropriate pedagogical methodologies that are essential to acquiring critical analytical skills and research capabilities. The individual course of study follows a personalized, interdisciplinary curriculum developed in conjunction with the graduate advisor. The program is a 39 credit-hour, self-contained program. The length of the program for a full-time student is normally two years, but the degree may be earned in less time by attending summer session courses.  

Students who have chosen their emphasis in finance are provided with the necessary theory, concepts, applications, institutional environment, and analytical tools essential to proper decision making. The program is designed to prepare students for a variety of careers in financial institutions, financial markets and banks. The degree prepares them as well to pursue post-graduate studies and professional certification programs; for example, Junior Investment Analyst (JIA), Certified Valuation Analysts (CVA), Certified Finance Risk Manager (FRM) and Chartered Financial Analyst (CFA).

 

 
 
TOTAL REQUIRED CREDITS FOR GRADUATION (39 credits)
CORE REQUIREMENTS (18 credits)
CODE DESCRIPTION PREREQUISITE CR.
ECO 500 Business Economics Placement Test
3
FIN 500 Financial Management Placement Test
3
MGT 500 Contemporary Management Placement Test
3
MGT 501 Adv. Quantitative Methods in Business Placement Test
3
MGT 502 Research Methods in Business Placement Test
3
MKT 500 Marketing Management Placement Test
3
EMPHASIS ELECTIVES (12 credits)
CODE DESCRIPTION PREREQUISITE CR.
FIN 520 International Business Finance FIN 500
3
FIN 530 Behavioral Finance FIN 500
3
FIN 535 Financial Engeneering FIN 500
3
FIN 540 Financial Markets FIN 500
3
FIN 545 Corporate Financial Planning FIN 500
3
FIN 550 Investment Analysis & Portfolio Managem FIN 500
3
FIN 555 Islamic Banking Fundamentals Consent of Advisor
3
FIN 556 Islamic Banking Operations Consent of Advisor
3
FIN 560 Bank Financial Management FIN 500
3
FIN 565 Financial Valuation FIN 500
3
FIN 570 Bank Auditing FIN 500
3
FIN 575 Advanced Bank Auditing FIN 570
3
FIN 578 Risk Analysis & Strategy FIN 500
3
FIN 580 Options / Derivatives FIN 500
3
FIN 582 Financial Risk Management FIN 500
3
FIN 585 Small Business Finance FIN 500
3
FIN 590 Special Topics in Finance Consent of Advisor
3
FIN 592 Mergers & Acquisitions FIN 500
3
FIN 594 Banking Operations FIN 500
3
FIN 595 Advanced Banking Operations FIN 594
3
FIN 596 Seminar in Finance Consent of Advisor
3
ELECTIVES (9 credits)
The electives are to be chosen from other concentration courses with the consent of the advisor, and may include the following courses
CODE DESCRIPTION PREREQUISITE CR.
FIN 598 Research Project in Finance Consent of Advisor
3
FIN 599 Research Thesis in Finance Consent of Advisor
6
Course Descriptions
ECO 500
Business Economics
Students are presented with advanced concepts and analytical tools of microeconomic theory: demand, supply and equilibrium; opportunity cost; efficiency; perfect and imperfect competition; oligopoly and game theory; risk and uncertainty; economics of information; investment; public goods and externalities. Applications and case studies in managerial decision-making. Furthermore, this course shall emphasize to students the mutual relationship between the macroeconomic environment and business, including how fiscal, monetary, foreign exchange, and other policies of the government interact to help shape the macroeconomic environment. Causes and consequences of inflation and unemployment. Economic growth and technological progress. Open economy, international flow of goods and capital, exchange rates.
Prerequisite: Placement Test
FIN 500
Financial Management
Concepts and theories applicable to the financial administration of a firm. Cases, problems, and readings to illustrate various financial problems and techniques for solving such problems. Topics include valuation, risk and return, capital budgeting, cost of capital, financial analysis and planning, and working capital management.
Prerequisite: Placement Test
MGT 500
Contemporary Management
Students are coached to build on the different management theory approaches so that they are capable to integrate appropriate skills for better decision-making, to acquire an understanding of the practices related to leadership and organizational behaviour of the business constituents to manage structure and change affecting business strategies and to develop an understanding of the recent trends in management theory.
Prerequisite: Placement Test
MGT 501
Adv. Quantitative Methods in Business
Examination of important quantitative approaches to management decision-making. Application of various analytical methods, models, and theories to a variety of management decision areas. Use of tools such as decision theory, simulation, PERT/CPM and linear programming to minimize risk and uncertainty in management activities. Quantitative controls and decision support as applied to the operations of business. Advanced applications in business analysis, decision support, and development of decision support system. Introduction to econometric techniques used in business: Simple and multiple regressions.
Prerequisite: Placement Test
MGT 502
Research Methods in Business
Applications of research methods to facilitate business enterprise decision-making. Topics include review of the different research methods used (qualitative and quantitative), business environment analysis and problem definition, secondary literature review, data collection methodology as tied to hypotheses defined, questionnaires design, sampling techniques, statistical validation and results interpretation. Several cause-effect techniques studied. Students are to work on a research topic to experiment with these topics.
Prerequisite: Placement Test
MKT 500
Marketing Management
Controllable and uncontrollable marketing variables in today's business environment. Topics include factors affecting consumer demand and methods of satisfying it, market structure, and product-mix selection, distribution, promotion, pricing, and market research. The course structure, projects, and cases are designed to develop the students' ability to generate effective marketing strategies in the face of uncertainty in group and competitive setting. Marketing planning, marketing research, designing, and marketing policies will be implemented.
Prerequisite: Placement Test
FIN 520
International Business Finance
Theories and financial management practices unique to business firms, which operate in, or are influenced by, an increasingly global economy. Examines the financial management of multinational firms and the interrelationships between financial planning and the international economic environment. Topics include direct investment theory, capital budgeting, financing trade and investments, risk management, and working capital management. Determination of exchange rates; foreign exchange markets; country risk; international banking; international capital markets and stock exchanges; globalization of financial markets; global cash management; special topics pertaining to the financial management of multinational corporations.
Prerequisite: FIN 500
FIN 530
Behavioral Finance
Students, in this course will cover the basics of what is behavioral finance. Topics include an overview of the classical paradigms for decision making under risk (utility theory); the implications for portfolio selection and asset pricing; identification of market anomalies and inefficiencies; and, psychological biases and limits of real investors. This course also emphasizes existing theories, including efficient markets theory, the theory of limits to arbitrage, behavioral asset pricing models, behavioral models for portfolio selection, Prospect Theory, Cumulative Prospect Theory, loss aversion, probability distortion, and mental accounting.
Prerequisite: FIN 500
FIN 535
Financial Engeneering
This course offer students a thorough understanding of the theories, strategies, skills, and techniques related to options, futures, and other financial instruments. Students will be practically trained in skills in basic pricing analysis, use of pricing models, and trading and hedging strategies. Real life industry case analysis will be extensively used in the course with the intention to effectively use theoretical models, monitor market prices, and track strategy positions. Online applications will support the course material.
Prerequisite: FIN 500
FIN 540
Financial Markets
An analysis of the structure of financial markets, the determination and behavior of interest rates, the functioning of and the flow of funds.
Prerequisite: FIN 500
FIN 545
Corporate Financial Planning
Financial planning in a systems framework. An integration of existing financial theory and practice. Financial planning systems allowing the manager to acquire an overview of the various functions of the firm; to examine alternative courses of action with speed and thoroughness; to reduce the response time in reacting to change in the environment and to improve future decisions by learning from feedback of previous decisions. Advanced analysis of special corporate finance topics including risk, value, capital budgeting, cost of funds, capital structure, option valuation, mergers, and acquisitions.
Prerequisite: FIN 500
FIN 550
Investment Analysis & Portfolio Managem
Examines the role and functioning of securities markets, security valuation techniques, and the theory and practice of portfolio management.
Prerequisite: FIN 500
FIN 555
Islamic Banking Fundamentals
Prerequisite: Consent of Advisor
FIN 556
Islamic Banking Operations
Prerequisite: Consent of Advisor
FIN 560
Bank Financial Management
Basic financial concepts, techniques, and strategies used in banking, including the management of commercial banks assets and liabilities, and how it differs from that of non-bank firms. Study of theories justifying existence of banks based on their role in mitigating problems of asymmetric information through loan screening and monitoring. Measurement and management of bank risks - interest rate risk, liquidity risk, foreign exchange risk, and off-balance sheet risk. Special emphasis on interest rate risk (duration and gap analyses); models of term structure of interest rates, the use of derivatives (options, futures, swaps, caps, floors, etc.) in hedging, capital adequacy, deposit insurance, and credit rationing. Recent issues in banking including securitization, pricing of mortgage-backed securities, and prepayment risk.
Prerequisite: FIN 500
FIN 565
Financial Valuation
This course concentrates on the application of financial theory and models to valuing companies and investment projects. Students shall focus on the fundamental concepts of corporate finance and how to apply them. The primary focus is on valuation (including the WACC approach, APV approach, and multiples) and capital structure. Topics include valuation techniques, forecasting and analysis of financial statements, estimation of incremental cash flows, determination of cost of capital, valuation of projects and companies, and valuation for mergers and acquisitions. Valuation techniques taught in this course include: Capital Asset Pricing Model (VAPM), Arbitrage Pricing Theory (APT), equity valuation models, discounted cash flow models, financial ratios models. Also covered are strategies for WACC determination and global risk determination. Case studies are used extensively to acquaint students with real life examples and applications.
Prerequisite: FIN 500
FIN 570
Bank Auditing
This course prepares students to acquire, understand, and perform the skills, functions, and roles necessary for auditing banking operations accounts. Moreover, it provides students with working knowledge on the various auditing procedures and programs. Case studies shall be analyzed and developed to make students capable to practically appreciate the potential of the Internal Auditing profession.
Prerequisite: FIN 500
FIN 575
Advanced Bank Auditing
Advanced techniques on bank audit shall be reviewed, analyzed and improved. Students are provided with professional skills that bank auditors are applying in the Lebanese Banking Institutions. Case studies are analyzed to assess successes and/or failures and to suggest major improvements of the Bank operations. Students shall be ready to perform the functions of Bank Audit Manager after finalizing this course.
Prerequisite: FIN 570
FIN 578
Risk Analysis & Strategy
Valuation of derivative securities such as options and futures contracts; costs and benefits of using derivative securities to change the risk exposure of corporations and financial intermediaries, including dynamic portfolio policies; how prices for these securities are determined in actual markets. Selected investment topics and advanced portfolio management techniques.
Prerequisite: FIN 500
FIN 580
Options / Derivatives
Introduces the rapidly developing markets in futures and options. Subjects include the nature of such markets, the pricing of instruments in the markets, and the use of such instruments.
Prerequisite: FIN 500
FIN 582
Financial Risk Management
Financial risk management principles and techniques are fundamental to the contemporary manager. Financial firms and institutions are required to develop standardized schemes to deal with Basel II requirements. Financial risk management aims to analyze, control, and if necessary, reduce financial risks to an acceptable level. This course aims to integrate risk management as part of financial theory and practice. Topics included are: Markets mechanisms and risk management, interest-rate risk, currency risk, assets valuation, equity and commodity price risk, risk assessment techniques and quantification tools, financial methods for measuring risk and qualitative approaches to risk assessment. Case studies are extensively used to acquaint students with practical cases.
Prerequisite: FIN 500
FIN 585
Small Business Finance
The financing problems that face new entrepreneurs including financial planning, valuing and raising capital.
Prerequisite: FIN 500
FIN 590
Special Topics in Finance
Theoretical and applied aspects of specialized financial areas. Evaluation of models, current trends and problems. Examines selected topics of current interest in various areas of finance, including corporate financial management, investment analysis and portfolio management, or financial institutions and markets. A multiple set of one credit courses based on case studies and projects.
Prerequisite: Consent of Advisor
FIN 592
Mergers & Acquisitions
This course aims to provide students with the theory and practice of mergers and acquisitions (M&A) process. Topics such decision-making, environmental analysis, financial, marketing, legal, and operational factors that influence the progress of Mergers and Acquisitions, and top management roles are covered. Emphasis in this course is on the the financial aspect as an integral factor for success. Case studies are reviewed and analyzed to acquaint students with the reality of M&A exercises.
Prerequisite: FIN 500
FIN 594
Banking Operations
Students are provided with theoretical and applied aspects of specialized Bank operations. Evaluation of models, processes and current trends and problems is performed.
Prerequisite: FIN 500
FIN 595
Advanced Banking Operations
This course prepares students to deal with advanced topics in banking operations. Students shall have working knowledge in the legal relationships between banks and the Central Bank of Lebanon, money laundering, credit operations and regulatory issues, capital and reserve accounting entries and regulations, securities and shares, and other automated operations. Case studies are heavily used to emphasize the role of top management in these operations.
Prerequisite: FIN 594
FIN 596
Seminar in Finance
Developed to introduce the most recent applications in the field of Banking and Finance. Students are coached and mentored to use critical thinking and problem solving techniques. Case studies are used.
Prerequisite: Consent of Advisor
FIN 598
Research Project in Finance
Students aim to apply theoretical and practical concepts into a selected field of finance. The final work is a review of secondary literature or building a case study to reveal a trend or a specific behavior characteristic of the working environment. This research may reveal some originality.
Prerequisite: Consent of Advisor
FIN 599
Research Thesis in Finance
Students conduct a full-fledge research using a specific research methodology to investigate in depth an issue related to finance practices. Original research results should be obtained.
Prerequisite: Consent of Advisor

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