Santa Clara University

Leavey School of Business

Master of Science in Finance

Introduced in June 2013, the Master of Science in Finance is designed to produce graduates who have the skills to:

  • Evaluate risk, devising appropriate risk and investment management strategies
  • Interpret and analyze financial information, and develop financial model to assist decision-making
  • Understand ethical standards in business and recognize and evaluate issues of ethics and integrity facing financial
  • Develop and strengthen skills in leadership and collaboration

The MSF program is a one year, full-time degree program which equips the students with the business skills and practical experience to ready themselves for careers in banking, consulting, corporate finance, government, and investments. With finance elective courses the student can focus in corporate finance, investment management, or capital markets. The MSF program is taught by the same faculty as the MBA program, and has the same Association to Advance Collegiate Schools of Business International (AACSB) accreditation. A new class begins each June.


Admissions requirements for the MSF program are similar to those for the evening MBA program (please refer to the Admissions section, Chapter 3) with the following exceptions:

  • Admission is in the summer quarter only
  • Deferments are generally not permitted
  • Professional work experience is not required
  • An interview is required

Please refer to for additional information.


Course Waiver Policy
Students in the MSF program may receive credit for coursework taken previously in limited circumstances. Students with a professional qualification (CPA, CMA, Chartered Accountant or similar) or recent (within six years) substantial coursework in accounting, including through Intermediate Accounting, may receive credit for the Accounting requirement. Students with substantial preparation in statistics, including coursework (within six years) may receive credit for the Statistics core requirement. A minimum grade of B is required in each class accepted for waiver credit. Students with substantial preparation in Microeconomics, including coursework (within six years) may receive credit for the Economics core requirement. Transcripts for students with undergraduate degrees in Finance will be evaluated on an individual basis to determine if any waiver credit will be granted.

The determination of whether prior coursework or professional qualification is sufficient for credit may be made by the admissions staff in many circumstances. In unusual situations, students may be asked to prepare a petition outlining their prior preparation for faculty review.

This policy applies to matriculated students only. Course waivers may reduce the unit load in a given quarter. International students are required to maintain the term-unit load requirements as outlined by the Global Engagement Office at Santa Clara University. Policies for a non-matriculated students may be different.

Program Description
The MSF program requires 48 units to complete the degree. Below is the required curriculum, listed by term.

Summer Bootcamp (12 units)

  • ACTG 2300 Financial Accounting (3 units)
  • ECON 2401 Economics for Business Decisions (2 units)
  • FNCE 2452 Financial Management (4 units)
  • OMIS 2353 Statistical Methods (3 units)

Fall Quarter (12 units)

  • FNCE 2453 Corporate Finance (3 units)
  • FNCE 2455 Investments (3 units)
  • MGMT 2501 Managerial Competencies and Team Effectiveness (3 units)
  • Non-Finance Elective (3 units)

Winter Quarter (12 units)

  • ACTG 2303 Corporate Financial Reporting (3 units)
  • Finance Electives (3 units)
  • MGMT 2512 Practice and Morality of Leadership (3 units)
  • Unrestricted Electives (3 units)

Spring Quarter (12 units)

  • Finance Electives (3 courses/9 units)
  • Unrestricted Elective (3 units)

Finance electives may be clustered to create a focus in corporate finance, investment management, or capital markets.

Note: Please refer to Chapter 18 for all course descriptions.

Leaves of Absence
Due to the full-time nature of the MSF program, a student requiring a leave of absence may be required to withdraw from the program. Alternatives to continuing his/her education should be discussed with the director, M.S. Programs.

Program Withdrawal
Students who want to withdraw from the program and the university must notify the Graduate Business Programs Office of their intent in writing. Some portion of the tuition may be refunded and will be determined at time of withdrawal notification. Withdrawal from the university is not complete until the student clears obligations with the Bursar’s Office.

Transferring into Another Graduate Business Program
Transferring into another graduate business program is possible. A transfer will be granted only once, by application, and is at the discretion of the faculty director and the senior assistant dean. Applications can be submitted between September 15th and March 15th of each academic year.

Students wishing to apply for a transfer to another graduate business program will need to complete the following:

  • M.S. transfer application
  • A brief personal statement (1 page) advocating transfer
  • A recommendation from a SCU faculty member attesting to performance and supporting the transfer

The Faculty Director and Senior Assistant Dean will review the application, personal statement, and recommendation in concert with the student’s GRE/GMAT score and academic performance in the current M.S. program before making a decision on the request. A transfer back to the M.S. in Finance is not possible once the student is approved to transfer to another graduate business program.

For information regarding entrance into the MBA program after completion of the MSE program, contact the Graduate Business Admissions Office, 109 Lucas Hall.

Academic Standing
To qualify for the MSF degree, a student must maintain an overall grade point average (GPA) of at least 3.0 in all work taken in the Leavey School of Business. A grade of C- is considered a minimum passing grade in each course. A grade of F is considered a failing grade, and the units will not be counted toward graduation requirements.

After bootcamp (sessions 1 AND 2), if a student has a cumulative GPA below a 3.0, he/she will be placed on academic probation. A student then has one quarter to raise the GPA to 3.0.

The administration will contact the faculty midway through the term to acquire a status update on academic performance to ensure students are aware of academic resources and tutoring in an attempt to resolve matters before they can affect GPA.

If a student has a cumulative GPA below a 3.0 at the end of his/her final quarter and all course requirements have been satisfied, no degree will be awarded until the cumulative GPA is a 3.0 or better through completion of additional graduate course work in the Leavey School of Business.

Student Responsibility
Students enrolled in the MSF program are required to follow the same policies and procedures as students in the evening MBA program. Each student is personally responsible for knowing all of the academic regulations of the graduate business school. This includes, but is not limited to: grading, honor code, leave of absence, withdrawal, and concurrent enrollment policies. Please refer to the Academic Information section, Chapter 5, for additional information.


MSF program students can take advantage of all of the Graduate Business student life activities, which include but are not limited to:

  • Student network events
  • Career management seminars
  • Career fairs
  • Career counseling
  • End-of-quarter networking socials
  • Academic awards and recognition
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