Finance

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Program Overview

The master's degree in finance is designed to prepare students for managerial careers in corporate finance, investment analysis, portfolio management and financial consulting. The analytical, deductive nature of the program develops financial professionals who can adapt to dynamic changes in the deregulated financial industry and its dramatic growth in investment options. Students will earn the same degree and be taught by the same faculty as if they enrolled in the MS Finance program being taught on the RIT campus in Rochester, New York.

Curriculum and Program Schedule

The graduate program consists of 12 courses (48 quarter credit hours), which include seven courses (28 quarter credit hours) of finance core courses, plus five breadth courses (20 quarter credit hours). Each student is required to successfully pass a comprehensive exam. RIT faculty will offer the program entirely in Dubai. Students will be able to complete a master's degree in 18 months through a combination of blended online learning and quarterly intensive seminars. Class schedules will cater to working professionals, and intensive seminar classes will be offered in the evening and on weekends.

Admission Requirements

Admission to RIT's graduate programs is granted to qualified applicants who show high potential for success. In evaluating an application, the graduate admissions committee pays careful attention to each individual's undergraduate academic record, GMAT score, resume and personal statement. Pre-requisites for admission include a baccalaureate degree from an accredited college or university with an equivalent grade point of average of 3.0 out of a 4.0 scale, a working knowledge of algebra and statistics and basic computer literacy. In addition, all applicants are required to meet the English language requirement for graduate study at RIT by submitting either a TOEFL score (minimum score of 80 internet based, 213 computer based or 550 paper based), or an IELTS score of at least 6.5.

TOEFL/IELTS
Interested in Classroom Courses- Private Tutoring?
Princeton Review Contact: www.PrincetonReviewUAE.com
Official Contact: www.ets.org/toefl/
UAE Contact: http://www.amideast.org/uae/default.htm
Locations in UAE:

Dubai +971 04 334 0040
Knowledge Village +971 04 362 5243
Abu Dhabi +971 02 671 3331
Al Ain +971 03 755 5456
Sharjah +971 06 556 2227

GMAT/GRE
Interested in Classroom Courses- Private Tutoring?
Princeton Review Contact Information: www.PrincetonReviewUAE.com
UAE Contact: http://www.veritasprep.com/gmat/Dubai/
Official Contact: http://www.mba.com/mba/thegmat

Locations in UAE:

Dubai +971 04 334 0040
Knowledge Village +971 04 362 5243
Abu Dhabi +971 02 671 3331
Al Ain +971 03 755 5456
Sharjah +971 06 556 2227

Sample Schedule

Fall 2008 (August - November)
Accounting for Decision Makers
Statistical Analysis for Decision Makers

Winter 2008 (November - February)
Economics for Managers
Financial Analysis for Managers

Spring 2009 (March - May)
Financial Management II
Organizational Behavior and Leadership

Summer 2009 (June - August)
Optional travel to Rochester, New York to complete a short elective

Fall 2009 (August - November)
Securities and Investment Analysis
Finance in a Global Environment

Winter 2009 (November - February)
Seminar: Islamic Finance and Banking
Innovation in Financial Markets & Securities

Spring 2009 (March - May)
Options and Futures
Financial Modeling and Analysis

Course Descriptions

Accounting for Decision Makers
This course is an introduction to accounting concepts and the use of accounting information by decision makers. Topics include: financial statements; measurement of assets, equities, and income; financial statement analysis, cost behavior and measurement; profitability analysis; relevant costs for special decisions; budgeting; and responsibility accounting.

Economics for Managers
This course focuses on the fundamental economic theories most useful for the management of the firm. Applications drawn from current economic events are utilized to better understand the internal and external environments of the firm and to help managers formulate effective business strategies and policies. Although no prior knowledge of economics is required, this is more than just a survey or principles course. Some important intermediate level economics tools of analysis (both microeconomic and macro-economic) are introduced to provide managers with the skills necessary to apply economics in a meaningful way to business decision making.

Statistical Analysis for Decision Making
This is a course in applied statistics emphasizing inference (estimation and testing). Topics to be covered include: review of descriptive statistics, normal distribution, sampling distributions, estimation, test of hypothesis for single and two populations, linear, multiple regression and model building methods.

Financial Analysis for Managers
An examination of basic financial theories, techniques, and practices. Topics include: time value of money, valuation, capital asset pricing, risk and diversification, cost of capital, capital budgeting techniques.

Securities & Investments Analysis
This course is a study of securities and other investment media and their markets. Its focus is on the analysis of investment values based on fundamental analytic procedures, technical analytic procedures, and the impact that modern portfolio theory has on the value of financial assets. Topics include return, growth, risk, accounting procedures, tax considerations and the impact of various institutional arrangements on value determination.

Finance in a Global Environment
This course has a specific focus on international business problems that are financial in nature. Topics include an examination of the international environment the firm operates in, international investment, exchange rates and the management of risks arising from shifting exchange rates, and the problems of short and long-term asset and liability management.

Financial Management II
This advanced course in corporate finance focuses on financing policies, financial planning/control, and other advanced corporate topics. Specific topics include the financing process, alternative financing instruments, restructuring, cost of capital, corporate applications involving options, working capital management and the use of financial budgets/forecasts.

Options & Futures
This course focuses on financial derivative securities. Their role in financial management is becoming increasingly important, especially in portfolio management. This course covers valuation of various options and futures as well as their use in risk management. Specific topics include option and futures pricing models, option strategies and contemporary topics such as index arbitraging.

Organizational Behavior and Leadership
This course examines why people behave as they do in organizations and what managers can do to improve organizational performance by influencing people's behavior. Students will be exposed to the impact of organizations on leaders, individuals, groups, and cultures, and to different frameworks for diagnosing and dealing with problems in organizational settings. Topics include leadership, motivation, team building, conflict resolution, organizational change, and managing organizational cultures, creativity and ethical leadership.

Seminar: Islamic Finance and Banking
A Comprehensive guide to the unique concepts and structures crucial to understanding and participating in the Islamic Financial Market today, including:

The distinguishing features and core principles central to Islamic investment and finance
The key role of Islamic law and how Sharia boards make their decision
How to understand the distinctive asset classes and their role within modern financial markets
The practicalities of Salam and its derivative Istisna'a
The development and intricacies of Islamic retail and wholesale banking
The impacts on wealth management and private banking

Financial Modeling and Analysis
Students apply computer technology to solve finance-related problems using a variety of analytical methods. Analytical methods include spreadsheet modeling, mathematical optimization, regression, decision tree analysis and Monte Carlo Simulation. Typical topics covered are financial forecasting, pro-forma financial statements, equity valuation, cash budget forecasts, and portfolio analysis. This is a hands-on course that focuses on collecting, managing and analyzing financial data.

Innovation in Financial Markets and Securities
Advanced course exploring the twin-issue of:
(a) innovation in market structures and security design and
(b) use of complex securities by market participants.
Topics include financial engineering, market microstructure, debt and equity market innovations, securitization, interest rate/credit derivative applications, and hedging methods.

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