Mar 31, 2023  
2022-2023 Graduate Catalog [Current Academic Year] 
2022-2023 Graduate Catalog [Current Academic Year] This is not the most recent catalog version; be sure you are viewing the appropriate catalog year.

Finance [M.S.]

The Master of Science in Finance (FNCE) is a STEM-designated program intended to develop principled financial professionals who are prepared for a broad range of financial careers with a solid foundation in financial theory and applied financial skills. Our students are highly equipped with practical business problem-solving skills and creative thinking to address market challenges. They are committed to the ethical and legal standards that govern the practice of financial services. 

The program is delivered in a flexible hybrid format over five consecutive 7.5 week accelerated semesters allowing students to complete the 30-hour core requirements in only 10 months.

Our MSF program covers over 70% of the CFA Body of Knowledge and prepares students to sit for Level I, II and III of the CFA Exams.

This is a designated STEM program (See OPT Extension).


Program Admission

Admit Term and Deadline

The cohort program begins each fall for students. Therefore, the following priority deadline has been established to receive all application materials required for admission to the MSF program.

Early Admission Deadline - December 1 After December 1st, applications are accepted on a rolling basis until all open enrollment positions are assigned.

Minimum Graduate School Requirements

For full admission, applicants must have 1) Earned a four-year baccalaureate degree from a regionally accredited U.S. institution or an equivalent degree from a non-U.S. institution, 2) a minimum cumulative undergraduate grade point average of 2.7 on a 4.0 scale, or 3.0 in the last half of the undergraduate program. Conditional admission may be available to applicants who do not meet minimum admission requirements.

Program Requirements

Applicants must also meet the following program requirements. Requirements may be more stringent than the minimum graduate school requirements.

  • A minimum undergraduate GPA of 3.0 
  • Resume submitted with the application.
  • A personal statement (250-word maximum) detailing the applicant’s interest in an MSF is submitted with the application.
  • A GMAT score of 550 or higher or (a GRE quantitative score of 155 or higher and a 310 total GRE score). GMAT and GRE scores can be waived if certain conditions are met. See GMAT and GRE Waiver Policy . Approval of a GMAT or GRE waiver does not guarantee admission. Prospective students must still apply and meet all other admissions requirements.

Conditional Admission Domestic students will be admitted under conditional admission with a GMAT score of less than 550 but greater than 500 as long as their GPA is greater than 3.5. Students will have one year to maintain a GPA of greater than 3.25 with no final grades below a B- to be taken off of conditional admission status. Students with a GPA less than 3.25 after the first year or a course grade less than a B- will be removed from the program. International students will not be conditionally admitted.


Your application will be submitted using BusinessCAS, a Centralized Application Service (CAS) hosted by Liaison. After reviewing the admission requirements, please review the application instructions  and select the appropriate application below.

Domestic Applicants Domestic applicants are required to submit only the transcript from the institution granting their bachelor’s degree if either of the following criteria is met: 1) Lists 30 or more credit hours with an overall GPA of 3.0 or over OR 2) Lists 60 or more credit hours with an overall GPA between 2.7 and 2.99. Within the application, follow the instructions to submit an official transcript. The University may ask applicants to submit additional transcripts after applying.

International Applicants Before applying, applicants must review the international application/process deadlines at as they may differ from general program requirements.

For additional information regarding the application process, please see Graduate Admissions or International Admissions.


Department Information

Accounting, Finance, and Information Systems 403 Hill Hall, 734.487.3320

Department Head

Advisor Information

Please contact the department for advisor information.

Degree Requirements: 36-42 hours

Students must maintain a minimum GPA of 3.25 to graduate from this program.

Foundational Requirements: 6 hours

  • 3 hrs (or equivalent) with a B or higher 
  • 3 hrs (or equivalent) with a B or higher

    Course equivalents must be from an AACSB accredited university and approved by the finance faculty. Equivalency exams may be allowed in some cases.


    Students that are required to take ACC 501 and ECON 500 have the option to enroll in these courses the summer prior to their first fall semester or to take ACC 501 their first semester and ECON 500 their second semester.

Thesis (Optional): 0-6 hours

In addition to the core 30 credit hour required courses, students can take an optional 4-6 credits of thesis coursework during the fall and winter semesters.

Critical Graduation Information

Each graduate student is responsible for fulfilling the requirements or equivalents of the Eastern Michigan University catalog in force at the time of their initial registration or a subsequent catalog, including the one in effect at the time of their graduation.

Master’s degree requirements must be completed within six (6) years of first enrollment in the master’s degree program.

In the event a student does not complete the master’s degree requirements within six years of the date of their original registration, the student may be required to have their credits re-evaluated by the academic department(s) of their degree in keeping with catalog requirements in force during the year of their graduation.

The following are minimum requirements for all master’s degrees awarded by Eastern Michigan University. Some programs require more than the minimum in one or more areas below.

  • A master’s degree must require a minimum of 30 credit hours.
  • No more than six credits of independent study courses and no more than 12 credit hours of special topics and independent study courses combined may be applied to a graduate degree.  
  • Residency Requirement:
    • For students admitted to master’s degree programs of 36 or fewer required hours, at least 24 new graduate hours beginning the semester of acceptance and enrollment into the degree program must be earned at EMU. The remaining program requirement hours may be met through transfer or prior degree credit (EMU or elsewhere). 
    • For students admitted to master’s degree programs of 37 or more required hours, at least 30 new graduate hours beginning the semester of acceptance and enrollment into the degree program must be earned at EMU. Minimum degree hours must still be met for graduation. The remaining program requirement hours may be met through transfer or prior degree credit (EMU or elsewhere).
    • Residency and enrollment in multiple programs: Students enrolled in multiple master’s/specialist degree programs must have 24 unique credit hours in each degree program.
  • Only credits from one completed graduate certificate may be applied to a master’s or specialist degree in a relevant field of study, as determined by the Graduate School and with the approval of the degree-granting academic department, and be included in the residency hours above.
  • Students must maintain a 3.0 cumulative GPA in all graduate-level courses taken at EMU and in their program of study to remain in good academic standing and be eligible for graduation. Students do not need to be registered for classes during the semester of graduation.
  • The Graduate School does not permit the use of undergraduate courses (499 and below) to meet degree requirements on graduate programs of study.
  • Some master’s programs require a thesis; others require a special project or internship; others require students to pass a final exam. See the Graduate School website for Thesis and Dissertation Manuals, all forms, and information about research and human subject approval. Every completed thesis or dissertation must be submitted to Digital Commons. Any form of graduate student work submitted to Digital Commons must first be approved by a faculty advisor and the Graduate School.