Note: This is the 2022–2023 eCalendar. Update the year in your browser's URL bar for the most recent version of this page, or .
Program Requirements
The Master of Management in Finance; Non-Thesis (MMF) program is a flexible-length specialized masters degree in finance. The choices are program completion within 12, 16 and 20 months. The program is part of the Faculty’s expanding portfolio of specialized MM programs. The distinguishing features of the program are 1) a quantitative level well-above the average current MBA elective and 2) a close interaction with the private sector. The crucial 9-credit major paper requirement is fulfilled either by 1) completing a three-month internship on a financial project with a corporation and writing a detailed report; or by 2) independently working on a research project. The program will contain an investment and corporate finance focus and it will have an advisory board of executives from financial and non-financial corporations.
Required Courses (21 credits)
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ACCT 604 Financial Statements 1 (3 credits)
Overview
Accounting : Introduction to financial accounting, including the objectives of financial statement analysis. Discussion of the limitations of the financial information used in financial statement analysis.
Terms: Summer 2023
Instructors: Tan, Hongping (Summer)
Prerequisite: FINE 673
**Due to the intensive nature of this course, the standard add/drop and withdrawal deadlines do not apply. Add/drop is the third lecture day and withdrawal is the sixth lecture day.
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FINE 674 Fintech (3 credits)
Overview
Finance : Exploration of the impact of information technologies on financial systems. How the digitalization of payments affect the structure of the banking system and sustains financial inclusion. Basic principles of cryptography and use them to understand the architecture of large permissionless blockchains. The capabilities and limitations of this technology as well as its developments (permissioned blockchains, smart contract, stablecoins). The role of platforms in the development of new financial technologies and the role of artificial intelligence in finance.
Terms: Fall 2022
Instructors: Tinn, Katrin (Fall)
Restrictions: Not open to students who have taken FINE 691 when topic was "Fintech".
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FINE 678 Financial Economics (3 credits)
Overview
Finance : Theoretical foundations of modern financial economics, including the principles underlying the theoretical results on individual portfolio decisions under uncertainty and the implications for the valuation of securities.
Terms: Summer 2023
Instructors: Croitoru, Benjamin (Summer)
Prerequisite: FINE 673.
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FINE 679 Corporate Finance Theory (3 credits)
Overview
Finance : Fund raising for companies: The choice between long-term debit and equity. The basic concepts of valuing a company.
Terms: Fall 2022
Instructors: De Motta, Adolfo (Fall)
Prerequisite: FINE 673.
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FINE 680 Investments (3 credits)
Overview
Finance : Financial markets, portfolio theory, and portfolio management.
Terms: Fall 2022
Instructors: di Pietro, Vadim (Fall)
Prerequisite: FINE 673.
**Due to the intensive nature of this course, the standard add/drop and withdrawal deadlines do not apply. Add/drop is the second lecture day and withdrawal is the fifth lecture day.
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FINE 681 International Capital Markets (3 credits)
Overview
Finance : International finance, including comprehensive analysis of the institutions and the theoretical models that characterize open economies.
Terms: Summer 2023
Instructors: Barras, Laurent (Summer)
Prerequisite: FINE 673.
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FINE 682 Derivatives (3 credits)
Overview
Finance : Introduction to the valuation and hedging of derivatives contracts such as options, futures and forwards.
Terms: Winter 2023
Instructors: Andrei, Daniel (Winter)
Prerequisite: FINE 673.
Complementary Courses (24 credits)
12 credits from:
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ACCT 605 Financial Statements 2 (3 credits)
Overview
Accounting : The company valuation process. Establish frameworks using public data.
Terms: This course is not scheduled for the 2022-2023 academic year.
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: ACCT 604
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FINE 683 Advanced Corporate Finance (3 credits)
Overview
Finance : Financial tools required for good business decisions, focusing on the relation between finance and corporate strategy.
Terms: Winter 2023
Instructors: Kondo, Jiro (Winter)
Prerequisite: FINE 679.
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FINE 684 Fixed Income Analysis (3 credits)
Overview
Finance : Fixed income financial instruments and their uses for financial engineering and risk management.
Terms: Winter 2023
Instructors: Ericsson, Jan Edvard (Winter)
Prerequisite: FINE 682.
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FINE 685 Market Risk Management (3 credits)
Overview
Finance : Measuring and managing risks facing corporations, focusing on aspects of market risks.
Terms: Winter 2023
Instructors: François, Pascal (Winter)
Prerequisite: FINE 682.
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FINE 686 Global Corporate Finance (3 credits)
Overview
Finance : Multinational financial management, including quantitative approach to tackle issues currently faced by multinational corporations and all enterprises interested in accessing global markets.
Terms: This course is not scheduled for the 2022-2023 academic year.
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: FINE 681.
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FINE 687 Global Investments (3 credits)
Overview
Finance : Top-down portfolio management skills, including basic understanding of the global investment approach.
Terms: This course is not scheduled for the 2022-2023 academic year.
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: FINE 681.
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FINE 688 Mergers and Acquisitions (3 credits)
Overview
Finance : Mergers and acquisition (M&A) activities and the processes used to successfully accomplish and create shareholder value from these activities. Joint ventures and alliances, governance and regulatory, cross border M&A, divestitures.
Terms: Fall 2022
Instructors: Schumacher, David (Fall)
Prerequisite: FINE 679.
or any other relevant 600-level courses offered by Desautels Faculty of Management with permission of the Program Adviser.
12 credits from:
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FINE 670 Fundamentals of Financial Research (3 credits)
Overview
Finance : Research methodology, where a research project will be carried out under the supervision of the Faculty supervisor. Specific tools will be tailored based on a particular research topic and the recommendations of the supervisor.
Terms: Summer 2023
Instructors: Ericsson, Jan Edvard (Summer)
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FINE 671 Applied Finance Project (9 credits) *
Overview
Finance : Research project supervised by a Faculty member of the Desautels Faculty of Management.
Terms: Fall 2022, Winter 2023, Summer 2023
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: FINE 670
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FINE 671D1 Applied Finance Project (4.5 credits) *
Overview
Finance : Research project supervised by a Faculty member of the Desautels Faculty of Management.
Terms: Winter 2023
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: FINE 670
Students must register for both FINE 671D1 and FINE 671D2
No credit will be given for this course unless both FINE 671D1 and FINE 671D2 are successfully completed in consecutive terms
FINE 671D1 and FINE 671D2 together are equivalent to FINE 671
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FINE 671D2 Applied Finance Project (4.5 credits) *
Overview
Finance : For course description see FINE 671D1.
Terms: Summer 2023
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: FINE 671D1
No credit will be given for this course unless both FINE 671D1 and FINE 671D2 are successfully completed in consecutive terms
FINE 671D1 and FINE 671D2 together are equivalent to FINE 671
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FINE 671N1 Applied Finance Project (4.5 credits) *
Overview
Finance : Research project supervised by a Faculty member of the Desautels Faculty of Management.
Terms: This course is not scheduled for the 2022-2023 academic year.
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: FINE 670
Students must also register for FINE 671N2
No credit will be given for this course unless both FINE 671N1 and FINE 671N2 are successfully completed in a twelve month period.
FINE 671N1 and FINE 671N2 together are equivalent to FINE 671
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FINE 671N2 Applied Finance Project (4.5 credits) *
Overview
Finance : For description see FINE 671N1.
Terms: This course is not scheduled for the 2022-2023 academic year.
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: FINE 671N1
No credit will be given for this course unless both FINE 671N1 and FINE 671N2 are successfully completed in a twelve month period.
FINE 671N1 and FINE 671N2 together are equivalent to FINE 671
*Note: Choose either FINE 671 or FINE 671D1/D2 or FINE 671N1/N2.
Or
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FINE 689 Integrative Finance Project (12 credits)
Overview
Finance : Supervised research project.
Terms: Fall 2022, Winter 2023
Instructors: di Pietro, Vadim; Kondo, Jiro (Fall) di Pietro, Vadim; Kondo, Jiro (Winter)
Prerequisite: 33 credits completed in the regular coursework of the Master of Management in Finance Program. The proposal must be submitted by the student at the beginning of the project and accepted by a finance faculty member and by the master's program.
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FINE 689N1 Integrative Finance Project (6 credits)
Overview
Finance : Supervised research project.
Terms: This course is not scheduled for the 2022-2023 academic year.
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Students must also register for FINE 689N2
No credit will be given for this course unless both FINE 689N1 and FINE 689N2 are successfully completed in a twelve month period
FINE 689N1 and FINE 689N2 together are equivalent to FINE 689
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FINE 689N2 Integrative Finance Project (6 credits)
Overview
Finance : Integrative Finance Project.
Terms: This course is not scheduled for the 2022-2023 academic year.
Instructors: There are no professors associated with this course for the 2022-2023 academic year.
Prerequisite: FINE 689N1
No credit will be given for this course unless both FINE 689N1 and FINE 689N2 are successfully completed in a twelve month period
FINE 689N1 and FINE 689N2 together are equivalent to FINE 689