Metropolitan College of New York
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MBA in Financial Services

Course Offerings

The MBA in Financial Services is a comprehensive MBA which includes courses required for students with little or no prior business study. Up to twelve (12) credits of the fundamental/prerequisite courses (in bold), which are mainly in the first semester, may be waived for students with prior business study and grades of “B” or better. The second semester introduces students to the diverse world of financial services. The third and fourth semesters are clinical semesters where business plans are researched and implemented. These semesters combine academic study with real management initiatives.

Credits Semester 1 Semester 2 Semester 3 Semester 4
2 Principles of Financial Accounting Money and Banking Banks and Financial Institutions The Real Estate Industry
2 Management Information Systems Financial Services Regulation The Securities Industry The Insurance Industry
2 Research Methods and Statistics Managerial Acounting Risk Management International Business
3 Managerial Principles and Practices Managerial Finance Problems in Managerial Finance Strategic Technology Issues in Financial Services
3 Business Law and Ethics Marketing Management Constructive Action I: Financial Industry Research Constructive Action II: Financial Services Business Plan

Semester 1

Principles of Financial Accounting (ACC 501) (2 credits)
Fundamental accounting procedures and the uses of accounting information. Topics include: recording transactions; controlling, costing and analyzing inventories; reporting and controlling liquid assets; measuring and reporting long-operating assets; current and contingent liabilities; the time value of money; accounting for long term debt; installment notes payable; analyzing and reporting owners' equity; balance sheets and statements of cash flow; and managing and accounting for corporate income tax. Students also learn the legal and tax benefits of corporations, proprietorships and partnerships.
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Management Information Systems - MIS (MIS 501) (2 credits)
The course focuses on the theoretical, managerial, and hands-on approaches to the study of computers and information technologies for problem solving and decision making. Topics include: information systems; system components and properties; and types of information useful to end-users; strategic uses of computers and computer networks in organizations, to analyze systems, information flows, transaction processing, applications of database management; major trends; concepts, applications and technical alternatives in telecommunications. Students will work with standard applications software packages including Microsoft Office, spreadsheet applications, database management, graphics, as well as software specific to their respective areas of specialization.
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Business Research & Statistics (BUS 501) (2 credits)
Business Research is defined as systematic inquiry whose objective it is to solve managerial problems. Students will learn a variety of techniques and tools to solicit, evaluate and communicate information for problem solving purposes. The course will look at different types of research processes; how to write a research proposal; create and implement design strategies; gather and evaluate data, and then present the results to appropriate audiences. There will be a strong emphasis on statistical skills and analytic techniques.
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Managerial Principles and Practices (MGT 501) (3 credits)
An overview of The process of planning, organizing, leading and controlling material and human resources in order to achieve the stated goals of the organization. Topics include major management theories; the macro and micro dimensions of an organization; managing suppliers, customers, competition, staff and personnel, budgets, and communications.
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Business Law & Ethics (LAW 501) (3 credits)
A survey of electronic media management principles and practices and electronic media structures, services, and products. This course also covers the history and development of telecommunications, radio, TV, cable, as well as emerging technologies, products, and services.
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Semester 2

Money & Banking (BKG 502) (2 credits)
The nature and functions of money and the role of depository institutions and central banks in affecting the supply of money and credit in the U.S. Consideration of the changing U.S. financial environment and the influence of monetary policy on interest rates, prices and the overall level of economic activity.
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Financial Services Regulation (BKG 503) (2 credits)
A review of current federal laws and regulations that govern the financial services industries, including the Federal Reserve Act of 1913; the Securities Acts of 1933, 1934 and 1940; the Monetary Control Act of 1980; the Riegle-Neal Act of 1994; and the Gramm-Leach-Bliley Act of 1999. Various laws protecting consumers in their financial services activities will be reviewed. The roles of the SEC, the state insurance commissions, and such self-regulatory organizations as the NYSE will be examined.
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Managerial Accounting (ACC 502) (2 credits)
Students will understand the accumulation and analysis of accounting information for management decisions. Topics include master budgets and responsibility accounting; flexible budgets, standards, and variance analysis; relevant costs for decision making such as joint costs and cost allocation.
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Managerial Finance (FIN 501) (3 credits)
Overview of the effective management of financial resources. Topics include: analyzing fiscal data; budgeting; the construction of cash flow projections; financial statement analysis; taxation issues; internal and external reporting requirements; internal controls; the hiring and supervising of accounting staff and personnel; borrowing; basic risk and return concepts; security pricing and analysis; capital budgeting; the cost of capital; strategic planning and investment decisions.
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Marketing Management (MKT 501) (3 credits)
The course covers the function of marketing in the overall business and the relationship among various aspects of marketing. Topics include consumer behavior, market research, product planning and development, pricing, advertising strategies, budgeting, personal selling, media cross-marketing, marketing regulation, strategic marketing planning, international marketing, special events and sales promotion, public relations and publicity.
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Semester 3

Banks and Financial Institutions (BKG 504) (2 credits)
Topics include the history of banking and financial institutions, regulation and the role of the Comptroller of the Currency and other regulators, bank operations, credit analysis, non-credit services, personal banking, and the changing role of banks in a deregulated financial services environment.
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The Securities Industry (BKG 505) (2 credits)
This course covers the operation of Wall Street and the securities industry, including investment banking and the securities exchanges. Focus is on the products, markets, vocabulary and players, the primary and secondary markets for securities including investment banking, the stock exchanges and over-the-counter transactions, margin, clearing and settlement, and industry technologies.
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Risk Management (MGT 502) (2 credits)
Students study the risk management process and its applications, including traditional and newer concepts of risk and applications in the financial services industries. Topics include the definition and characteristics of “risk”; types and components of risk management; analyzing and prioritizing risk; and such tools of risk management as hedging and derivatives.
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Problems in Managerial Finance (FIN 502) (3 credits)
This course covers the application of finance principles (from FIN 520) to capital investment decisions to develop the student’s financial analytical ability through the discussion and analysis of problems and cases. Topics covered include financial concepts and planning; valuation, rates of return and leverage; cost of capital; dividend policy; sources and uses of investment and working capital; and future developments in finance.
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Financial Industry Research (PCA 502) (3 credits)
The course focuses upon three areas: the fundamentals of secondary research, research specific to the financial services industry, and applied research related to the development of the Financial Services Business Plan, which is completed in the next semester.
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Semester 4

The Real Estate Industry (RES 502) (2 credits)
Introduction to real estate, including the nature and description of real estate; rights and interests in land; acquisition and transfer of title; different kinds of ownership, title records and contracts; landlord and tenant relationships; and real estate brokerage. Topics include the financing of real estate; commercial real estate including factors affecting value, market; and property development and management.
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The Insurance Industry (INS 502) (2 credits)
The focus is on financial, accounting, and management principles of the insurance industry. Further emphasis is placed on interactions between selling new business and maintaining adequate levels of surplus. Topics include how an insurance company operates; how coverage and investment decisions impact an insurer’s financial position; contract premium setting, coverages and limitations; and the role of the regulators.
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International Business (BUS 502) (2 credits)
Study of international business practices and the geographic, demographic, technological, political, economic and socio-cultural forces that impact cross-cultural business management. Topics include theories of international trade and economic development, international monetary systems and foreign investment, comparative management, and managing for cross-cultural and multi-ethnic effectiveness both at home and abroad.
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Strategic and Technology Issues in the Financial Services (MIS 502) (3 credits)
Assessment of the strategic and technological factors driving the financial services industries, including the interrelationships among competitors and regulators. Students will learn the enduring theories and concepts that help firms define and implement their strategies within the specific context of the complex and rapidly changing financial services industry environment. Concepts for the design and implementation of new strategies, technologies and forms of organization are emphasized.
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Financial Services Business Plan (PCA 503) (3 credits)
The practicum is a supervised program through which students receive credit for a meaningful work experience or internship in the financial services industry or for work on an entrepreneurial venture they will pursue. All students will prepare a thesis length paper including original research and statistical or legal research.
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Mailing Address MCNY (60 West Street, New York, NY 10006 · 463 East 149th Street, Bronx, NY 10455)
Phone Number  (800) 33 THINK | 212 343 1234