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Master’s in Financial Analysis

Online Master of Science Degree in Financial Analysis


The Master of Science in Financial Analysis (MSFA) online program at the College for Financial Planning®—a Kaplan Company is dedicated to the advanced study of financial analysis and to developing financial analysis professionals through higher learning and quality student experiences, focusing on critical thinking, ethics, and lifelong learning.

The graduate degree program will develop students’ skills as highly competent financial analysis professionals. Students will demonstrate this via mastery of the learning objectives within the program. Instructors will use a variety of assessment strategies to develop student competencies in financial analysis.

College for Financial Planning®—a Kaplan Company’s programs are accredited by the Higher Learning Commission.

Program at a Glance

Flexible, Online Format

The MSFA program requires ten (10) courses with a total of thirty (30) credits. Course content is delivered through an innovative and flexible format.

 

  • Courses are accessed through an online format where content and interaction is asynchronous.
  • Learning is supported with access to highly credentialed faculty. To augment student learning and success, faculty provide live weekly sessions for office hours, problem solving, and support.

With this flexible format you can complete the MSFA in under two years, on a part-time basis.

 

Prepare for the CFA® Exam

Coursework in the MSFA online program is aligned with the learning outcomes of the CFA Institute’s CFA Program, helping concurrently prepare candidates for the Chartered Financial Analyst® (CFA®exam. 

Kaplan Schweser Review Materials

After students successfully complete fifteen (15) credit hours in the online MSFA program, they will have access to Kaplan Schweser’s CFA Essential Study Package to prepare for the CFA exam.

 

This access as part of the MSFA program will last until the latest available exam registration available on the CFA® Institute website at the time students complete 15 credit hours in the online MSFA program. 


Financial Analysis Program Details

Program Curriculum

The Master of Science in Financial Analysis online program is aligned with the learning outcomes of the CFA Institute’s CFA Program. The CFA program—administered through the CFA Institute—helps you earn an industry-leading designation in the field of financial analysis: the CFA charter. As students concurrently earn a master’s degree, each course in the online MSFA program was created with the goal of preparing students to have a deep understanding of financial analysis that is required to sit for the CFA exam.

Through a combination of theory and practice, students will study:

  • Economic analysis utilized in investment decision making
  • Financial statement analysis
  • Quantitative methods and analysis beneficial to financial analysis
  • The investment environment including financial markets, institutions, and the investing process
  • Corporate finance
  • Security analysis and valuation
  • Alternative investments, derivatives, and risk management
  • Advanced portfolio management
  • Professional standards and ethics in the investments industry

Learn more about the CFA Program

Required Courses for the MSFA Program

The MSFA program requires ten (10) courses with a total of thirty (30) credits, which include:

3 credits

Prerequisite(s):  None

This course studies the financial system including financial institutions, instruments and markets. Topical coverage includes time-value-of-money, diversification, risk and return characteristics of securities, bonds, bond features, bond pricing, stocks, market efficiency, interest rate determination, and the term structure of interest rates.


3 credits

Prerequisite(s):  None

This course covers the fundamentals of quantitative concepts and techniques including descriptive statistics, probability distributions, sampling, hypothesis testing, correlation analysis, linear regression, and time-series models.

 


3 credits

Prerequisite(s): None

This course explores economic issues relevant to financial analysis and investments. Topics include supply and demand, industry structure, central banking and monetary policy, fiscal policy and taxation, economic growth, interest rate determination, inflation, international trade, currency exchange, and economic decision-making.


3 credits

Prerequisite(s): None

This course covers financial statement analysis starting with the origin of financial data and uses of financial reporting. Topical coverage includes revenue recognition and income determination with in depth analysis of the income statement. Coverage also includes applied financial statement investigation including cause-of-change, common-size, and trend analyses.


3 credits

Prerequisite(s):  ACCT545

Building on financial statement analysis tools and techniques covered in ACCT545, this course will provide advanced analysis of the asset side of the balance sheet, including receivables, inventory and long-lived assets. Additional coverage includes using financial information in making decisions associated with credit analysis, contracting and valuation. In depth study of the sources and uses of cash, as identified in the statement of cash flows (operations, investing, and financing). 


3 credits

Prerequisite(s):  ACCT550, ECON535, FINA515, and FINA525

This course covers the advanced analysis of equity and debt securities including the valuation of common stock, preferred stock, and various types of fixed-income instruments. In regard to common stock, coverage includes valuation techniques including discounted cash flow analysis, price multiples, and the residual income model.  Bond features and characteristics including time-to-maturity, types of coupons, callability, and conversions are covered. Relevant topics include investing strategies, duration, convexity and risks relevant to securities, including default, credit, interest rate and reinvestment risk. Additional coverage includes behavioral finance, technical analysis, and the efficient market hypothesis.

 

 


3 credits

Prerequisite(s):  ACCT550, FINA515, FINA525, FINA 565, and ECON535

This course examines the financial structure of corporations with an emphasis on understanding financial statements, time-value-of-money, cash flows, working capital management, capital structure, financing decisions, cost of capital, and capital budgeting techniques.

 

 

 


3 credits

Prerequisite(s):  FINA565 and FINA575

This course explores the mechanics and markets for options, forward and futures contracts with an emphasis on risk management, forward and futures pricing, equity options, and interest rate derivatives.

 

 

 

 


3 credits

Prerequisite(s):  FINA565, FINA575 & FINA585

This course studies portfolio construction with a focus on asset allocation and diversification. Additional topics include assessing risk-adjusted performance of portfolios, security selection, performance measurement, and evaluation. The course involves an applied perspective of the money manager, including the development of the investor policy statement and understanding objectives and constraints of different types of investors (individual, institutional, et al).

 

 

 

 

 


3 credits

Prerequisite(s):  FINA595

This course comprehensively covers learning outcomes embedded throughout the MSFA curriculum through two distinct parts. In Part I, the course involves a series of applied problem sets focused on economic analysis, quantitative methods, financial statement analysis, corporate finance, and fixed income analysis. In Part II of the class, there is a case-study focused on advanced economic analysis, equity analysis, portfolio management, and professional ethics/standards in the investments industry.

 

 

 

 

 

 


Course Sessions

We offer multiple start dates to give you flexibility as you pursue your Master of Science in Financial Analysis online.

  • Courses are 8 weeks long.
  • A minimum of 135 hours of study per course is recommended (approximately 17 hours per week).

 2021
Fall Term I
2021
Fall Term II
2022
Spring Term I
2022
Spring Term II
2022
Summer
Starts OnAug 16Oct 25Jan 10March 21June 6
(Term dates)(8/16/21 to 10/10/21)(10/25/21 to 12/19/21)(1/10/22 to 3/6/22) (3/21/22 to 5/15/22)(6/6/22 to 7/31/22)

Tuition and Fees

Application Fee: $35

Tuition:  $1,725 per course (10 courses are required) or $17,250 for the entire degree tuition. 

Books, materials, software, and publisher access is additional.

Career Opportunities in Financial Analysis

Upon successful completion of the online MSFA program, graduates will gain important knowledge and skills and be well positioned for the field of Financial Analysis. As indicated by the Bureau of Labor Statistics Occupational Outlook for Financial Analysts, the occupation is expected to grow faster than the average over the next decade.*

The MSFA’s curriculum and learning outcomes are valued by various types of employers including:

  • Institutional investment firms, mutual funds and money managers
  • Retirement plans and pensions
  • Retail brokerage and financial planning
  • Insurance companies
  • Commercial banks’ trust and wealth management departments
  • Various non-financial industries that have financial analysis functions within their operating structure

*Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Financial Analysts, at https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm. National long-term projections may not reflect local and/or short-term economic or job conditions, and do not guarantee actual job growth.

For more information on the Master of Science Degree in Financial Analysis, fill out the form below

Application Process

  1. Submit a completed Graduate Degree Application with non-refundable application fee
  2. Order official transcripts directly from the college/university where the undergraduate degree was earned and have it sent directly to the Registrar’s Office. Transcripts submitted to the College from the student will not be accepted. 

College for Financial Planning
Attn: Office of the Registrar
9000 E. Nichols Ave Suite 200
Centennial, CO 80112
Registrar@cffp.edu

Please note:

If your native language is not English and/or your post-secondary education was completed from a school outside the U.S., you must demonstrate English language proficiency by achieving a minimum score of 85 on the Test of English as a Foreign Language (TOEFL) exam. The College for Financial Planning code assigned by the test provider (ETS) for reporting TOEFL scores is 7126. You must identify the College using this code on the day the test is taken or submit a follow-up request. Score reports must be received by the College directly from the ETS test provider. For more information, visit the TOEFL test website at www.ets.org/toefl.
If you attended an institution outside the U.S. you are required to obtain a comprehensive equivalency report for educational purposes from an approved third party evaluation agency that is a member of the National Association of Credential Evaluation Services (NACES). A list of approved agencies may be found on the NACES website at www.NACES.org.

Evaluation reports must be received by the College directly from the evaluation agency. Student copies are not accepted. If you are petitioning for review of potential transfer credit, a course-by-course evaluation needs to be completed and submitted to the Registrar’s Office for review. If you are not petitioning for transfer credit a document-by-document evaluation is sufficient.

Admissions Requirements

Prospective students for the Master of Science in Financial Analysis degree program at the College for Financial Planning are required to meet the following minimum requirements:

Full Acceptance

Must meet one of the following requirements
(A, B, C, D, or E)

  • Higher Learning Commission (HLC)
  • Middle States Commission on Higher Education (MSCHE)
  • New England Commission on Higher Education (NSCHE)
  • Northwest Commission on Colleges and Universities (NWCCU)
  • Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
  • WASC Senior College and University Commission (WSCUC)

  • Higher Learning Commission (HLC)
  • Middle States Commission on Higher Education (MSCHE)
  • New England Commission on Higher Education (NSCHE)
  • Northwest Commission on Colleges and Universities (NWCCU)
  • Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
  • WASC Senior College and University Commission (WSCUC)

  • Higher Learning Commission (HLC)
  • Middle States Commission on Higher Education (MSCHE)
  • New England Commission on Higher Education (NSCHE)
  • Northwest Commission on Colleges and Universities (NWCCU)
  • Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
  • WASC Senior College and University Commission (WSCUC)
  • Higher Learning Commission (HLC)
  • Middle States Commission on Higher Education (MSCHE)
  • New England Commission on Higher Education (NSCHE)
  • Northwest Commission on Colleges and Universities (NWCCU)
  • Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
  • WASC Senior College and University Commission (WSCUC)

    • An official transcript evaluation from a NACES member is required to confirm equivalency
    • Cumulative GPA must be 3.00 or higher in any major, or
    • Cumulative GPA must be 2.50 or higher if major was accounting, economics, engineering, finance, mathematics, or statistics


      Conditional Acceptance

      Must meet one of the following requirements
      (A, B, or C):

      • Higher Learning Commission (HLC)
      • Middle States Commission on Higher Education (MSCHE)
      • New England Commission on Higher Education (NSCHE)
      • Northwest Commission on Colleges and Universities (NWCCU)
      • Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
      • WASC Senior College and University Commission (WSCUC)
      • Higher Learning Commission (HLC)
      • Middle States Commission on Higher Education (MSCHE)
      • New England Commission on Higher Education (NSCHE)
      • Northwest Commission on Colleges and Universities (NWCCU)
      • Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
      • WASC Senior College and University Commission (WSCUC)

        • An official transcript evaluation from a NACES member is required to confirm equivalency

          Master of Science in Personal Financial Planning

          Our online program is tailored for financial planners who are ready to expand their knowledge beyond typical licensing credentials. Already a CFP® professional? You may qualify for up to 15 hours of transfer credit.

          Kaplan Schweser CFA Exam Prep

          With nearly 30 years of proven success, Kaplan Schweser takes pride in its place as one of the leading global providers of financial education for students and business professionals around the world.