Learn Specialized CFA® Coursework
More than 70% of the curriculum is based on the Candidate Body of Knowledge (CBOK™) developed by the CFA® Institute. Unlike an online master’s in finance, our MFE program places emphasis on the CFA® Institute Code of Ethics and Standard Practices, with a focus on the concepts and skills covered by the Chartered Financial Analyst examination.
Providing the basis for future coursework, with an emphasis on understanding the dynamic relationship between the economy and financial markets.
|MFE 6000||Quantitative Analysis for Financial Markets||Credits|
Students will learn the basic tools necessary for understanding how economic theory is applied to financial markets. Financial economic theory is expressed in the language of mathematics and is applied to the real world using statistics. This course offers a blend of mathematics and statistics designed especially for the financial market practitioner. Major topics include solving systems of equations, optimization, probability theory, and hypothesis testing.
|MFE 6010||Macroeconomics and Business Fluctuations||Credits|
Analyses of demand for money, inflation, interest rates, capital growth, asset markets, financial intermediaries, and the relationship between money and the business cycles. Other topics include national income, savings, investment, unemployment, fiscal, and monetary policies.
|MFE 6100||Managerial Accounting||Credits|
Introduction to the basic tenets and processes of accounting systems for financial statements and managerial reports. Study of the financial reporting process for investor and creditor decisions, including internal controls. Study of cost behavior, budgeting and capital budgeting for managerial reports.
|MFE 6110||Financial Statement Analysis||Credits|
Solid foundation in the environment of financial reporting.
Cementing knowledge gained by applying complex financial concepts and theories to business, trade, and investment scenarios.
|MFE 6050||Managerial Economics||Credits|
Measuring economic relationships, analyzing market behavior of consumers and firm, and examining some major economic decisions of business firm.
|MFE 6200||Corporate Finance||Credits|
The roles and responsibilities of financial manager with special emphasis on advanced tools and techniques for solving complex financial problems.
|MFE 6230||Portfolio Theory||Credits|
The decision making process in the management of individual and institutional securities portfolios.
|MFE 6390||Statistics and Econometrics: Theory and Application||Credits|
Classical linear regression and various diagnostic tests and remedies for violations of classical assumptions, and various forecasting models.
|MFE 6400||International Trade and Financial Economics||Credits|
The benefits from international trade. The law of comparative advantage, the factor endowment explanation of international trade, and other theories of international trade. Other topics include foreign exchange markets, interest arbitrage, portfolio theory, balance of payments, and international banking.
|MFE 6500||Fixed Income Analysis||Credits|
The role of fixed income investments and other alternative investments in financial markets and the analysis of these financial instruments in investment portfolios.
Comprising the pinnacle of MFE study, including a research topic of your choice related to financial economics under the supervision of a faculty member.
|MFE 6220||Quantitative Analysis in Equity Markets||Credits|
Covers the principles of valuation for common stock (equities) and the principles of portfolio management for equity portfolios. Presents tools and theories used by investors to identify and evaluate various investment alternatives in forming investment portfolios. Topics include sources of investment information, relationship between investment risks and returns, analysis and valuation of securities (focusing on common stocks), portfolio theory, portfolio performance evaluation, and investor and market behavior. For forecasting purposes in equity markets, the course covers Autoregressive and Moving average (ARMA) models, random walks and unit roots, ARCH/GARCH models, and the Vector Autoregressive (VAR) models. Students obtain a theoretical understanding of each model and their applications in equities. The application of these models is studied using econometric software, such as EViews and SAS.
|MFE 6440||Financial Derivatives||Credits|
A risk management course dealing with contract specifications. Characteristics of options and futures trading procedures. The pricing mechanism that joins commodity, options, futures, and futures options markets.
Research in selected fields of financial economics under supervision of staff member.
Is an MFE Right for You?
What about a Master of Finance Online?
When compared to an online master’s in finance, you’ll find that the MFE goes deeper into the knowledge base required for careers in the investment management sector, such as market-based economics, global influences on trading, and financial vehicles such as equities, bonds, futures, options, and interest rate swaps. The same can be said when stacking the MFE up against an online master’s in economics, which is primarily a study of economic theory.
How does the MFE compare to an MBA with a concentration in finance?
It’s important to remember that the MBA was originally designed to help managers run a business. The primary goal of the MFE is to train you to become a financial analyst, seeking employment in financial services. To this end, an MFE prepares you for the CFA exams and emphasizes the interaction between financial markets and economic environment.
Increase Your Value and Your Worth
What can you do with your online master’s in financial economics? On average, a Chartered Financial Analyst can earn 25% more than an MBA graduate with the same number of years of experience.
There is considerable demand for CFAs to serve a growing customer base at banks, insurance companies, and brokerage firms. Each day 10,000 baby boomers retire, and they depend on investment advisors and managers to help ensure their financial health. That’s almost 4 million potential new clients every year.
The OHIO MFE offers a high placement rate, with entry-level, CFA-credentialed graduates earning starting salaries ranging from $60,000 to $90,000. MFE graduates with experience often earn more than six figures.
Banks (Trust Departments)
Money Management Firms
PayScale reports median salary of $69,518, with earnings ranging from $47,000 to $198,000.
The Bureau of Labor Statistics reports median pay of $78,620 (2014), with the highest 10% earning more than $154,680. The profession has an estimated 12% growth rate through 2024.
The Bureau of Labor Statistics reports median pay of $115,320 (2014), with an estimated 7% growth rate through 2024.
PayScale reports median pay of $92,432 (2016).
CNN/PayScale report median pay of $123,000, with top pay of $209,000. Portfolio Manager also ranks 12th on CNN/PayScale’s Best Jobs in America, with a 10-year growth rate of 27%.
Chief Financial Officer
The pinnacle of achievement for a financial professional is reaching chief financial officer status. PayScale reports median CFO pay of $121,942 (2016), with earnings ranging from $67,000 to $252,000. CFOs are also likely to receive significant bonuses and profit sharing in addition to base pay. In fact, Salary.com rates median CFO salaries for 2016 at $304,596.