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Master of Science in Finance

Curriculum

This 16-month, full-time program is delivered over four terms. It offers two streams to choose between: Investment Management and Risk Management.

The Investment Management stream focuses on financial instruments, financial markets and finance theory. The Risk Management stream allows students to delve deeper into credit, market and operational risk. All students are exposed to fundamental finance theory and practice, as well as learning practical programming skills in C++, VBA and Matlab.

If you wish, you can also join the Student Investment Advisory Service (SIAS) Fund team to put your new skills and knowledge into practice.

The MSc Finance program starts with three courses delivered online in mid-July. The first portion of the courses run for four weeks online, the latter half will be completed in-person during the Fall semester.

Mathematics for Computational Finance

Part 1: Review the mathematical tools essential for the study of finance, including linear algebra, differential equations and optimization.

Statistics for Financial Economics

Part 1: Review elements of probability and statistics employed in finance, including probability models, inference and basic time series analysis.

Basic Accounting

Mathematics for Computational Finance

Part 2: Complete the 2nd half of the class in-person and enhance your understanding of the content learned online in the study of finance, including linear algebra, differential equations and optimization.

Statistics for Financial Economics

Part 2: Complete the 2nd half of the class in-person and enhance your understanding of the content learned online about the elements of probability and statistics employed in finance, including probability models, inference and basic time series analysis.

Financial Modeling Tools

To gain an understanding of the merits of an investment, thorough mathematical analysis is often required. This course provides an introduction to two commonly used software programming languages used for such analysis. The course concentrates on programming using VBA (Visual Basic for Applications) and MATLAB. A short discussion of an object oriented language (either Java or C++) will be given if time permits near the end of the semester. A heavy emphasis is placed on hands-on laboratory sessions and practice problems drawn from a variety of topics covered in other MSc courses such as linear regression, asset allocation and option pricing.

Financial Statement Analysis

This course will provide an understanding of the linkages between financial reporting, such as annual reports and prospectuses including the three principal financial statements (balance sheet, income statement and cash flow statement) and how useful information about a company can be extracted from them. Coverage includes basic and advanced principles of financial accounting and financial statement analysis along with a comprehensive conceptual framework indispensable to assist managers and financial analysts to interpret reported financial information.

Principles of Corporate Finance

Managerial Communications

Principles of Investments

Optional: SIAS

Advanced Equity Analysis

Advanced Fixed Income Analysis

Financial Econometrics

Financial econometrics is the intersection of statistical techniques and Finance. It provides a set of tools that are useful for modeling financial data and testing theoretical models in Finance. All the topics introduced in this course will require a deep understanding of regression and hypothesis testing with the emphasis on Finance related questions.

Business Strategy, Ethics and Regulatory

Environment

Optional: SIAS (Continued)

Negotiation and Conflict Resolution

IM: Portfolio Theory and Asset Pricing

This course covers the theory and empirical evidence relevant for investing, particularly in the context of portfolio management. (ie, Markowitz optimal allocation, CAPM, Index and multifactor models). It stresses the international dimensions of portfolio theory (ie, international diversification, optimal global portfolio selection and emerging markets) as well as issues of portfolio strategy, asset allocation and performance evaluation.

IM: Strategic Asset Allocation

This course explores asset allocation models, including the Black-Litterman model, as well as extensions. Students will develop a good understanding of the theoretical and practical issues relating to the establishment of investment policy. The course analyzes investors’ return objectives, risk tolerance, investment horizon, tax considerations, liquidity needs and other unique circumstances.

IM: Investment Banking and Private Equity

RM: Market Risk Management

Students will investigate Value at risk (VaR) and coherent measures of risk, including their advantages and shortfalls. While the course provides a broad overview of risk measurement and management concepts, students will take the time to fully examine actual risk measurement tools and methods using market data.

RM: Credit Risk Management

Credit derivatives are the biggest financial innovations in the last 20 years. Credit risk analysis and management are of great interest to investment banks, commercial banks, traders, regulators and rating agencies. This course provides an introduction as well as an in-depth understanding of credit risk measurement and credit derivatives. The objective is to provide a practice-oriented balance between developing a sound conceptual framework and market understanding and insight.

RM: Advanced Derivatives

Optional: SIAS (Continued)

In addition to the core curriculum, you will choose 3 electives. The courses will be based on various relevant topics like Fintech, Data visualization or Responsible Investing to provide you with the opportunity to broaden your understanding of the finance industry.

Elective 1

Elective 2

Elective 3

Optional: SIAS (Continued)

Curriculum is subject to Board of Governors & Senate approval.


Connect with our team

Our admissions team is more than happy to answer your questions so you know what you can expect before, during, and beyond your program.

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The MSc Finance program gave me the technical foundation that I couldn’t function without. I work with clients in very senior roles, and it’s important to demonstrate your technical knowledge to gain their trust.

Christine Jakshoej, MScFin

Head of Professional Services America

FINCAD

The learners I work with are 95% Indigenous, and I find that they become more interested and retain information more, when we speak and learn from an Indigenous lens. The Indigenous content integrated into the program has been very beneficial to me in terms of how I can incorporate Indigenous information into the curriculum I currently teach.

Wanda Rockthunder, EMBA IBL

Business Instructor, Saskatchewan Indian Institute of Technologies

Cree, a citizen of the Muskowekwan First Nation, Saskatchewan

My key lessons from the program were learning how to effectively frame and structure a problem or situation, manage a tight schedule, know what to prioritize and how to prioritize it, and identify core problems quickly and addressing them.

Bobby Dhillon, EMBA

Senior Vice President, Marketing & Planning

G&F Financial Group

The immediate impact of the GDBA has been a change in the way I approach my day professionally. I am equipped to make better decisions. My confidence level has been elevated significantly, and I am enjoying a new sense of optimism in my career.

Percival Chang, GDBA

Manager & Investment Funds Advisor

PH&N Investment Services

The i2I program is perfect for people like me who are deeply involved in science, and who want to look for opportunities in the business world. A program like this opens your mind and teaches you that there is another world of possibilities outside of the lab.

Elena Groppa, i2I

Postdoctoral Research Fellow in the Faculty of Medicine

University of British Columbia Biomedical Research Centre

The comprehensive simulations provided the greatest learning for me. They helped change my mindset and connect the different areas of learning into a comprehensive view of how an organization runs.

Matthew Grunert, MOT MBA

Sr. Director, Digital Operations & IT

Motorola Solutions

I always saw myself working beyond clinical pharmacy. I felt that I could also shine on the business side of healthcare. I knew that with my strong clinical training an MBA would help open more doors and give me the mobility I was looking for in my career.

Morenike Akinyemi, FT MBA

Senior Project Manager, Transformation Delivery

Provincial Health Services Authority

The Part-Time MBA was excellent. It gave me exactly what I expected to receive, and I think that is the highest compliment you can pay a program. It met all my expectations and provided a solid grounding in business skills and strategies.

Oliver Zihlmann, PT MBA

Director of Development and Alumni Engagement

UBC Faculty of Pharmaceutical Sciences

MSc Fin: Christine

EMBA IBL: Wanda

EMBA: Bobbie

GDBA: Percival

i2I: Elena

MOT MBA: Matt

FT MBA: Morenike

PT MBA: Oliver

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Graduate

Segal Graduate School

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V6C 1W6

+1 778.782.5013

grad-business@sfu.ca

Undergraduate

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Burnaby, BC Canada

V5A 1S6

+1 778.782.5567

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Undergraduate & Graduate

SFU Surrey

250 – 13450 102 Avenue

Surrey, BC Canada

V3T 0A3

+1 778.782.8019

sfubeedie_undergrad@sfu.ca

grad-business@sfu.ca