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Subject Topic: Master’s in Finance (MSF) (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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MinneCPA
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Posted: 22 Jun 2010 at 11:56 | IP Logged  

I'm curious to hear about people's experience in studying for the MSF.  My undergrad was in Accounting, and I've passed the CPA, but I'm short of the 150 hours.  I decided to go for a master's in something that interests me, so I'm starting an MSF program this fall.  I also think the degree would help me with my current employer.  I have limited experience in the subject area - the only finance course I took in undergrad taught me next to nothing.  Any input into similar programs is appreciated.
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Alex2008
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Posted: 22 Jun 2010 at 12:31 | IP Logged  

Why do you take that path if you have limited experience in Finance? What university are you going to attend? I heard that the MSF degree is very difficult.
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umbdude
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Posted: 01 Jul 2010 at 08:02 | IP Logged  

MinneCPA wrote:
I'm curious to hear about people's experience in studying for the MSF.  My undergrad was in Accounting, and I've passed the CPA, but I'm short of the 150 hours.  I decided to go for a master's in something that interests me, so I'm starting an MSF program this fall.  I also think the degree would help me with my current employer.  I have limited experience in the subject area - the only finance course I took in undergrad taught me next to nothing.  Any input into similar programs is appreciated.


I went for a MSF part-time over the course of 1.75 years and finished in late 2005.  The experience depends on what school you go to.  My school has a heavy emphasis on case studies, so in some classes we would pretty much work on cases all semester - that means a lot of Financial Modeling with Excel and writing up reports for the analysis, as well as group work (and some presentation).  The overall experience would be similar to one in an MBA program, compared with MAcc, which I think is more traditional lectures + exams. (I took 1 graduate Cost Accounting course. It required me a lot more effort than any of my MSF classes but I don't have a BS in accounting.)

Some of the classes you can take are: Corporate Finance (intro & advanced), investment analysis, economics, security analysis, fixed income analysis, credit analysis, statistics, investment banking, and financial modeling etc.  It really depends on what track you want to follow - you can usually concentrate in Corporate Finance or Investment Management (CFA track).

Overall, I enjoyed my MSF program most because I like group work and case studies are fun to analyze. I also like the practical approach (building spreadsheets and writing up reports) the program offered.

Because you already have a BS in accounting and passed all CPA exams, I think you could benefit from MSF.  Going for an MAcc seems redundant and having finance courses can diversify your background a bit.

Hope this helps.
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MinneCPA
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Posted: 01 Jul 2010 at 13:31 | IP Logged  

Thanks umbdude, very helpful post.  Like you said, a MACC would be redundant.  I didn't want to go for an MBA because the thought of retaking all those business courses at a graduate level doesn't sound like much fun.  Specializing in finance is exactly what I'm looking for in a graduate program.  Thanks for the input!
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