UMUC

Graduate School of Management & Technology - Programs

Master of Science in Financial Management and Information Systems

Career Path

The MSFS program prepares graduates for a range of entry to senior level positions within the CFO/CIO organization of public and private businesses. Depending on a student's background and an employer's criteria, graduates of the MSFS program may qualify for positions such as:

  • CFO or CIO
  • Financial Manager
  • CFO Liaison with the CIO Office
  • CIO Liaison with the CFO Office
  • CIO or CFO Liaison with the business units
  • Financial, Budget, or Management Analyst

Student Profile

Students entering this program are not required to have backgrounds in any particular educational or professional field. Those interested in the accounting specialization must have completed 15 semester hours of accounting coursework with a grade of C or better in each course prior to enrolling in any graduate level accounting course.

The program will assist students who are:

  • Currently in either a financial management position or information systems/technology job and who want to become a project leader or integrator associated with the specification, design, and implementation of financial systems within the organization
  • Currently a CFO or CIO and who need to know more about these two disciplines that are becoming more closely integrated in modern organizations
  • Currently not in a financial management or information systems/technology job, but with some academic background in business, and who want to transition into a position within an organization that focuses on being a project leader or integrator associated with the specification, design, and implementation of financial systems within the organization

Program Objectives

Graduates of this program will be able to:

  • Successfully apply financial management and information systems concepts, principles, and analysis techniques in the strategic and operational decision-making processes within their organizations
  • Effectively communicate financial management and information systems ideas, concepts, and solutions
  • Evaluate the effects of technology on an organization’s financial system
  • Evaluate issues and innovations in financial management and information systems technology, and their effects on managerial decision-making
  • Apply financial principles in evaluating the costs and benefits of information systems/technology investment
  • Evaluate and design financial information systems to meet organizational needs and objectives
  • Develop and evaluate alternative solutions to organizational problems

Dual Degrees

Enhance your credentials! Graduates of the MSFS program can elect to pursue dual degrees in the following areas:

Master of Science in Financial Management and Information Systems/
Master of Business Administration

Students must complete all requirements for the first degree before beginning the second degree.

Required Courses

UCSP 611 Introduction to Graduate Library Research Skills (0), to be taken within the first 6 credits of study.

  • DMBA 603 The Marketing of New Ideas (6)
  • DMBA 604 Technology and Operations Management (6)
  • DMBA 606 Organizations and the External Environment (6)

Master of Financial Management and Information Systems/
Master of Science in Accounting and Financial Management

Students must complete all requirements for the first degree before beginning the second degree. Students must have completed 15 credits of undergraduate accounting courses with a grade of C or better in each course before enrolling in any accounting course.

Required Courses

UCSP 611 Introduction to Graduate Library Research Skills (0), to be taken within the first 6 credits of study.

  • ACCT 610 Financial Accounting (3) (Must be taken prior to any other accounting courses.)
  • ACCT 608 Fraud Examination and Accounting Ethics (3)
  • ACCT 612 Auditing Process (3)
  • ACCT 613 Federal Income Taxation (3)
  • ACCT 665 Special Topics in Accounting (3)

Capstone Course

  • MSAF 670 Accounting and Financial Management Capstone (3)