Master of Science in Management: Financial Management

Financial Management Specialization

The Financial Management specialization covers financial management in:

  • Organizations
  • Financial management of current operations
  • Capital markets
  • Institutions
  • Investment valuation
  • Multinational financial management
  • Behavioral finance
  • Cost management
  • Strategic financial management

The program emphasizes development of management skills and the use of financial analyses in decision making and performance management.

Career Path

The MSM program prepares graduates for a number of entry-, mid-, and high- level positions, as determined by a student's work experience.

Depending on a student's background and an employer's criteria, graduates of the Financial Management specialization may qualify for these positions:

  • Controller or Treasurer
  • Financial Manager
  • Capital Investment Analyst
  • Financial Liaison with Business Units
  • Credit or Cash Manager
  • Financial Consultant or Advisor
  • Financial, Budget, or Management Analyst
  • Cost Analyst or Program Analyst



  1. Students who have not taken a finance course recently are strongly encouraged to take UCSP 620 and UCSP 621 prior to taking MGMT 640.
  2. Students should take MGMT 610 and MGMT 640 as their first two 3 credit classes.
  3. MGMT 630 is not recommended for this specialization because it will restrict students to one class a semester for future semesters due to prerequisites.
  4. Students who have not had any recent statistics use should take UCSP 630 prior to taking MGMT 650.
  5. Students who wish to improve their graduate writing skills may take UCSP 605, Effective Graduate Writing (0).

Core Required Courses

UCSP 615* Orientation to Graduate Studies at UMUC (0), to be taken within the first 6 credits of study

  • MGMT 610 Organizational Theory (3)
  • MGMT 615 Intercultural Communication and Leadership (3)
  • MGMT 640 Financial Decision Making for Managers (3)
  • MGMT 650 Statistics for Managerial Decision Making (3)
Capstone Course

MGMT 670 Strategic Management Capstone (3)

Clustered Course Option

MGMT 630 Organizational Theory and Behavior in a Global Environment (6) is a six-credit course. Students who receive credit for MGMT 630 may not receive credit for MGMT 610 or MGMT 615.

Core Rules

  1. MGMT 610 must be taken within the first 6 credits of the MS in Management program.
  2. Students must complete 24 credits, including other core requirements, before enrolling in MGMT 670.
  3. MGMT 640 and MGMT 650 should not be completed simultaneously.
  4. MGMT 640 is prerequisite to FIN 610 in the Financial Management specialization.

Financial Management (FIN) Specialization Required Courses

  • FIN 610 Financial Management in Organizations (3)
  • FIN 615 Financial Analysis and Modeling (3)
  • FIN 620 Long-Term Financial Management (3)
  • FIN 630 Investment Valuation (3)
  • FIN 645 Behavioral Finance (3)
  • FIN 660 Strategic Financial Management (3)
  • FIN 640 Multinational Financial Management (3)

Specialization Rules

  1. MGMT 640 is prerequisite to FIN 610.
  2. FIN 610 is the prerequisite to all courses required for this specialization.
  3. FIN 610, FIN 620, and FIN 630 are prerequisite to FIN 660.
  4. FIN 630 is prerequisite to FIN 645.

Note: Some course titles and numbers were revised beginning with the fall 2007 semester. If you began your program prior to fall 2007 and have chosen to follow the pre-fall 2007 curriculum, please refer to the pre-fall 2007 Study Plan to determine your degree requirements.

* The UCSP 615 requirement may be waived if you previously earned a graduate degree from a regionally accredited institution. For more information, contact your academic advisor.

Request Info

Apply Now

Or call 855-655-UMUC (8682) to speak directly with an advisor.

Learn More

Master of Science in Management

Related Certificates

Courses of Interest

No courses have been added yet. To add a course, click on a course title, then click "add to courses of interest" below the course description.