Business Administration, Finance Concentration (M.B.A.) - Graduate - 2009 University Catalog
You are viewing the 2009 University Catalog. Please see the newest version of the University Catalog for the most current version of this program's requirements.
The goal of the MBA Program is to combine conceptual approaches to business with practical application in order to give students needed skills to prepare them for today's global economy. Montclair State graduates are well-rounded, self-motivated and employed in many of the best companies in the region. Equipped with an education built upon standards of excellence, alumni enjoy tremendous opportunities for a rich and rewarding career.
The curriculum stresses the conceptual foundations of business disciplines and current managerial practices. This blend of theory and practice builds a strong foundation for immediate practical application as well as post-graduate professional growth.
The Montclair MBA provides individuals the opportunity to design unique programs to meet their specific needs and interests. Students may choose to concentrate in one of seven areas or they may select from an array of courses that provide a broad education. Full-time faculty with doctoral teach 95 percent of MBA classes. The remaining classes are taught by persons with outstanding professional credentials.
The School of Business Administration invites applications from persons with baccalaureate or post-baccalaureate degrees. Because we actively seek a diverse student body, all previous academic majors are considered for admission. Both full-and part-time students are welcome. Courses are offered in the late afternoon, evenings and Saturdays.
ADMISSIONS
Candidates must submit an application for graduate admission which includes:
- One official copy of the academic transcript from each college and/or university attended.
- Scores from the Graduate Management Admission Test.
- A statement of professional objectives.
- Two letters of recommendation from persons qualified to evaluate the applicant's promise of academic achievement and potential for professional growth.
- A non-refundable fee of $60.00 must accompany each application.
Although prior work experience is not an admission requirement, it is strongly recommended for all MBA applicants. APPLICATIONS MAY BE SUBMITTED AT ANY TIME OF THE YEAR. The GMAT is required of all students. No application will be considered without these scores.
Through prior academic experience, challenge examinations and/or graduate level transfer credits, the 48 semester hour MBA requirement may be reduced by a maximum of 15 semester hours. The remaining 33 semester hours must be completed at Montclair State University and must meet the following minimum requirements:
- All advanced courses must be taken and completed at Montclair State University.
PROGRAM REQUIREMENTS
Complete 48 semester hours including the following 5 requirement(s):
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MANAGERIAL DECISION MAKING
Complete 3 courses:
ECON 501 Economic Analysis 3 INFO 501 Statistical Methods 3 INFO 503 Information Systems 3 -
FUNCTIONAL CORE
Complete 5 courses:
ACCT 501 Financial Accounting 3 FINC 501 Corporate Financial Management 3 INFO 505 Production/Operations Management 3 MGMT 505 Management Process and Organizational Behavior 3 MKTG 501 Marketing Management 3 -
MANAGING THE BUSINESS ENVIRONMENT
Complete 3 courses: (The MBA Director may authorize substitute electives if eligible).
ACCT 502 Managerial Accounting 3 ECON 505 Aggregate Economics 3 INBS 501 International Business: Concepts and Issues 3 -
FINANCE CONCENTRATION
Complete a total of 9 semester hours from the following:
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FINC 551 Investments, Portfolios and Security Analysis 3 FINC 553 Financial Derivatives 3 FINC 554 Advanced Financial Policy 3 FINC 556 Mergers and Acquisitions 3 FINC 570 Case Studies In Financial Management 3 FINC 575 Independent Study in Finance 1-3 FINC 576 Seminar in Financial Innovations 3 FINC 577 Selected Topics in Finance 3 -
1 course from the following list may be taken.
ECON 502 Financial Institutions and Monetary Policy 3 FINC 502 Financial Institution and Monetary Policy 3 -
1 course from the following list may be taken.
ECON 533 Corporations and International Financial Markets 3 FINC 533 Corportations and International Financial Markets 3 INBS 533 Corporations and International Financial Markets 3 -
1 course from the following list may be taken.
ECON 542 Business Fluctuations and Forecasting 3 FINC 542 Business Fluctuations and Forecast 3 -
1 course from the following list may be taken.
FINC 552 International Financial Policy 3 INBS 552 International Financial Policy 3
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STRATEGY & LEADERSHIP: CAPSTONE COURSES
Complete 2 courses:
MGMT 513 Leadership and Behavior 3 MGMT 580 Advanced Strategic Management 3
Course Descriptions:
ACCT501: Financial Accounting
A study of basic accounting concepts and their significance to the financial analyst and manager. Problems relating to income determination, valuation, reporting and analysis are stressed. Alternative conceptual foundations of reporting standards are presented and evaluated. 3 sh.
Prerequisites: M.B.A. degree students, M.A. Fine Arts majors with concentration in Museum Management or M.A. Theatre majors with concentration in Arts Management only.
ACCT502: Managerial Accounting
This course examines the development of theory, concepts and practices of providing information for use within the organization. Cost concepts and classifications schemes, the use of accounting information for internal decision making, static and flexible budgeting for managerial control and activity based costing techniques are among the topics covered. 3 sh.
Prerequisites: ACCT 501, ECON 501.
ECON501: Economic Analysis
The resource allocation and distribution of income implications of a market-oriented economy operating under various degrees of competition. Also analyzed are the determinants of consumer and market demand and the theoretical cost structure of firms. 3 sh.
Prerequisites: M.B.A. degree students, M.A. Environmental Studies majors with concentration in Environmental Management (ESEM), Doctor of Environmental Management (ENVM) students; or M.B.A. Director approval.
ECON502: Financial Institutions and Monetary Policy
This course analyzes the structure and functioning of the monetary and financial system. The component parts and the system as a unit will be examined as they interrelate to affect the economy. Topics include commercial banking system, federal reserve system, financial markets, financial intermediaries, determination of the level and structure of interest rates, and contemporary problems, both theoretical and applied, in the area of monetary policy. This course is cross listed with FINC 502. 3 sh.
Prerequisites: ECON 501 and 505.
ECON505: Aggregate Economics
This course develops contemporary macroeconomic theories to explain aggregate employment, national income and the levels of interest rates and prices. Along with developing various models the course examines current research and reviews the economy's recent macroeconomic performance. 3 sh.
Prerequisites: M.B.A. degree students, M.A. Environmental Studies majors with concentration in Environmental Management (ESEM), Doctor of Environmental Management (ENVM) students; or M.B.A. Director approval.
ECON533: Corporations and International Financial Markets
Discusses the economic theories and problems which confront business institutions when dealing in international financial markets. Analyzes the various market instruments and how a corporation may use them. Cross listed with FINC 533 and International Business INBS 533. 3 sh.
Prerequisites: ECON 501.
ECON542: Business Fluctuations and Forecasting
Theories to account for variations in business activity; macroeconomic models and other forecasting approaches; economic fluctuations in the United States; proposals for reducing fluctuations; Harrod-Domar model and other modern theories of growth. Cross listed with Economics and Finance FINC 542. 3 sh.
Prerequisites: Departmental permission.
FINC501: Corporate Financial Management
An introductory course in corporate financial management which provides students with an understanding of the fundamental concepts of modern finance from an analytical and quantitative perspective and serves as a foundation course for further work in finance. The course stresses: valuation; capital budgeting decisions; capital structure and dividend decisions. 3 sh.
Prerequisites: ACCT 501, and ECON 501, and INFO 501; major within the School of Business; M.B.A. degree students only.
FINC502: Financial Institution and Monetary Policy
This course analyzes the structure and functioning of the monetary financial system of the United States. Topics include Commercial Banking System, Federal Reserve System, financial markets, financial intermediaries, determination of the level and structure of interest rates, and key issues in monetary policy in the United States. Cross-listed with Economics and Finance, ECON 502. 3 sh.
Prerequisites: ECON 501 and 505.
FINC533: Corportations and International Financial Markets
Discusses the economic theories and problems which confront business institutions when dealing in international financial markets. Analyzes the various market instruments and how a corporation may use them. Cross listed with ECON 533 and International Business, INBS 533. 3 sh.
Prerequisites: ECON 501.
FINC542: Business Fluctuations and Forecast
Theories to account for variations in business activity; macroeconomic models and other forecasting approaches; economic fluctuations in the United States; proposals for reducing fluctuations; modern theories of economic growth. Cross listed with Economics and Finance, ECON 542. 3 sh.
Prerequisites: Departmental permission.
FINC551: Investments, Portfolios and Security Analysis
Develops the analytical methods relevant to investment management. Techniques are presented for the evaluation of corporate equity, debt, and other securities. Portfolio theory is presented in the context of formulating and managing appropriate asset portfolios. 3 sh.
Prerequisites: FINC 501.
FINC552: International Financial Policy
Analytically oriented introduction to the political, economic, operational and tax environment in which international business, particularly multinational corporations, functions. Stressing methods of analysis, which enable defensive strategies against risk, the course is comprised of five major units: Political and country risk; foreign exchange risk; long-run investments and financing; working capital management; and control performance evaluation and tax planning. Cross listed with International Business, INBS 552. 3 sh.
Prerequisites: FINC 501.
FINC553: Financial Derivatives
This course extends the array of financial instruments covered in the initial investment course to include modern hedging instruments such as futures, options and swaps. Included is a description, analysis, and use of these instruments by corporations, banks, and investors. 3 sh.
Prerequisites: FINC 551.
FINC554: Advanced Financial Policy
Focuses on the application of valuation, investment, financing and dividend decisions to case studies. It examines various practical problems in capital budgeting, the valuation of different kinds of debt and options, and financial planning and strategy. 3 sh.
Prerequisites: FINC 501.
FINC556: Mergers and Acquisitions
This course examines the process by which mergers and acquisitions take place. The focus of the course is on the environment surrounding mergers and acquisitions, including motivations for M&A, how targets or buyers are found, M&A as a step in the strategic planning process, valuation of the target company, ethical issues in the M&A process, and implementation of the M&A. 3 sh.
Prerequisites: FINC 501.
FINC570: Case Studies In Financial Management
Emphasizing the central theme of value creation and capital market efficiency that reappear throughout the course, students will analyze through a case-study method the way in which the subjects of financial analysis and forecasting, the cost of capital, capital budgeting, the management of shareholders equity and corporate debt, innovative financial instruments, and corporate restructurings (including mergers and buyouts) contribute to creating firm value. 3 sh.
Prerequisites: FINC 501.
FINC575: Independent Study in Finance
Under faculty guidance and supervision, this tutorial course is open to students who wish to pursue individual study and research in a particular discipline. Written permission of the appropriate department chair and the MBA director must be secured prior to enrolling in this course. 1 - 3 sh.
Prerequisites: Departmental approval.
FINC576: Seminar in Financial Innovations
Designed to describe and analyze the new developments in the field of finance - corporate, international, and financial markets and institutions - that have appeared over the last five years and the possible directions for the future. The content of the course is intended to be dynamic rather than static, as new financial instruments and institutions are introduced into this fast changing field. 3 sh.
Prerequisites: FINC 551 and FINC 552, or FINC 551 and FINC 554, or FINC 551 and 570, or FINC 552 and FINC 554, or FINC 552 and FINC 570, or FINC 554 and FINC 570.
FINC577: Selected Topics in Finance
An in-depth study of a selected topic, issue, problem or trend in finance. The specific subject matter is not offered as an existing regular course or deserves more time-emphasis than is possible in a regular course. When offered, topics and prerequisites are announced in the course schedule book. May be repeated once for a maximum of 6.0 credits as long as the topic is different. 3 sh.
Prerequisites: FINC 501.
INBS501: International Business: Concepts and Issues
This course offers students an in-depth introduction to international business concepts and issues in addition to exposure to the fundamentals of international business, students will become aware of the dynamics of global business environment, international competition in both the domestic and foreign markets as well as strategic issues in international business management and operations. The course adopts a critical approach; it presents both sides of an international business issue. Greater emphasis will be placed on managerial implications of information presented in the course. The course also includes discussion of ethics and social responsibility in the conduct of international business. 3 sh.
Prerequisites: ECON 501; M.B.A. degree students only.
INBS533: Corporations and International Financial Markets
Discusses the economic theories and problems which confront business institutions when dealing in international financial markets. Analyzes the various market instruments and how a corporation may use them. Cross listed with Economics and Finance, ECON 533 and FINC 533. 3 sh.
Prerequisites: ECON 501.
INBS552: International Financial Policy
Analytically oriented introduction to the political, economic, operational and tax environment in which international business, particularly multinational corporations, functions. Stressing methods of analysis which enable defensive strategies against risk; the course is comprised of five major units: political and country risk; foreign exchange risk; long-run investments and financing; working capital management; and control performance evaluation and tax planning. Cross listed with Economics and Finance, FINC 552. 3 sh.
Prerequisites: FINC 501.
INFO501: Statistical Methods
Introduction to statistical techniques with applications in business decision making and problem solving. Topics include methods of descriptive data analysis, probability and probability distributions, methods of inferential data analysis including estimation and hypothesis testing and an introduction to experimental design principles, correlation, regression model building and an introduction to time series forecasting. 3 sh.
Prerequisites: Course in undergraduate calculus; M.B.A. degree students only.
INFO503: Information Systems
Examines the information requirements of an organization. The differences in the kinds of information needed at the various organizational levels (operational, administrative and strategic) are emphasized. How to plan and implement a comprehensive information system is discussed as well as methods to measure its effectiveness. 3 sh.
Prerequisites: M.B.A. degree students only.
INFO505: Production/Operations Management
Emphasizes human and mechanical productivity in planning a comprehensive and effective production or operations system. Employs a case approach to the study, formulation, and solution of business problems through the application of managerial, quantitative and information systems methodology. 3 sh.
Prerequisites: INFO 501, 503, MGMT 505; M.B.A. degree students only.
MGMT505: Management Process and Organizational Behavior
Review of classical and modern approaches to the managerial process as it relates to the manager's functions of planning, organizing, staffing, leading, and controlling. These reviews will be tied to the open-system model and the contingency approach as an overall framework for understanding the management of organizations. 3 sh.
Prerequisites: Only M.B.A.and D.Env.M.students, M.A.Fine Arts majors with concentration in Museum Management, M.A.Theatre majors with concentration in Arts Management, or M.A.Theatre majors with concentration in Arts Management.
MGMT513: Leadership and Behavior
The purpose of the course is to help students understand leadership behavior. The course reviews current theoretical and empirical literature from the behavioral sciences as it relates to leadership. Topics covered include leadership styles, power and leadership, leader-follower interactions, and the manager as leader. 3 sh.
Prerequisites: MGMT 505.
MGMT580: Advanced Strategic Management
The focus of this course is on actual business situations and their impact on the total organization including the role of top management in dealing with these problems. The structure of the course is based on the strategic management process which includes identification, evaluation, and implementation of policy and strategy. 3 sh.
Prerequisites: Completion of the business core and a minimum of 12 semester hours of advanced courses; MBA students only.
MKTG501: Marketing Management
This business core requirement assumes little or no prior formal education in the discipline of marketing. As such, a solid introduction to the language of the discipline, body of knowledge, tools and techniques must necessarily be covered through a text and readings format supplemented with class lectures which are grounded in heavy case analysis and real-world illustrations. The pivotal distinctiveness of this graduate offering lies in drawing the student into issues that are industry and company specific (preferably drawn from the student's career related industry/company). 3 sh.
Prerequisites: M.B.A.degree students, M.A.Fine Arts majors with concentration in Museum Management, or M.A.Theatre majors with concentration in Arts Management only.
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