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  • Master of Science in Accounting and Finance
  • Graduate Studies

  •  
  • Master of Science in Accounting and Finance

    Program Coordinator: Sheri Erickson, Ph.D
    Center for Business 204B, 218.477.4073
    erickson@mnstate.edu

    Program Description

    The Master of Science in Accounting and Finance program is designed to provide a unique blend of two disciplines and practice. Students completing the program will be well-prepared to pursue careers in investment management or accounting and to obtain professional designations like Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA).

    Professional certifications are becoming increasingly important in today’s competitive business environment. This program helps prepare students to obtain one or more of these professional certifications. One goal of the program is to improve the marketability of both accounting and finance graduates.

    Accreditation

    The School of Business is accredited by AACSB International. Fewer than 5% of the world’s business schools have achieved this distinction, which involves a process of rigorous internal review and evaluation. AACSB accreditation signifies that the School of Business has a high quality teaching environment, a commitment to continuous improvement, and curricula responsive to the needs of business.

    Admission Requirements

     

    The items listed below are required for admission to this program; only complete files are reviewed. Send all materials to:

    Graduate Studies Office
    MSU Moorhead
    1104 7th Ave. S.
    Moorhead, MN 56563

     

    Admission to the program requires a bachelor's degree in accounting or finance. In addition, those graduating with a finance degree must have successfully completed Intermediate Accounting I and II in order to take courses in this program.

     

    MSUM Students:

    1. Baccalaureate degree in Accounting or Finance* or equivalent from a regionally accredited institution.
    2. 3.0 grade point average.**
    3. Completed "Application for Admission to Graduate Study" form.
    4. Official transcripts from ALL colleges and universities attended.

    NON-MSUM students:

    In addition to the four items above, please complete and submit the following:

    1. Non-refundable $20.00 fee for first-time applicants to Minnesota State University Moorhead.
    2. Cover letter stating reasons for wanting a Master’s degree in Accounting and Finance.
    3. Two current or recent letters of recommendation

    International applicants:

    1. International Application for Admission to Graduate Study form.
    2. Application fee of U.S. $20.00 for first-time applicants to MSUM.
    3. A comprehensive course-by-course transcript evaluation by either Educational Credential Evaluators (ECE) or World Education Services (WES) is required for transcripts from all post-secondary colleges and universities outside of the United States. ECE or WES evaluation must certify international degree as equivalent to a baccalaureate degree from a regionally accredited American institution.
    4. GPA requirement (at least 3.0 cumulative on a 4.0 scale)
    5. For those whose native language is not English, an official score from either TOEFL or the IELTS is required. The TOEFL required score is 550 (paper-based) or 213 (computer-based) or 78-80 (internet-based).  A band score of 6.5 is required on the IELTS. 
    6. Completed Sponsor Form listing the availability of adequate monetary support for the duration of graduate study and an official bank statement.  The current requirement is at least $18,000 per year in U.S. funds. 
    7. Completed, signed International Student Agreement Form.
    8. International Student Transfer Form (is appropriate).
    9. International students must purchase the University health insurance. No exceptions will be made.

    *Students with bachelor’s degree in disciplines outside accounting and finance must have the equivalent of ACCT 330, intermediate accounting I, ACCT 331, intermediate accounting II, ACCT 350, cost accounting, FINC 340, financial management, and FINC 360, principles of investment. Bachelor’s degrees will be evaluated by the School of Business faculty to determine whether any additional undergraduate coursework is necessary to be admitted to the program.

    **If applicant’s GPA is below 3.0, a provisional admission may be allowed under the following conditions:

    1. The applicant takes the Graduate Management Admissions Test (GMAT) with the expectation the applicant earns a score of at least 550.
    2. If the above requirements are not met, the applicant may be granted conditional admission which is granted at the discretion of the MSUM School of Business Faculty.
     

    Pre-Admission Enrollment Option

    You may take up nine (9) graduate credits as a Graduate Special student before being formally accepted into the program.  Although this does not guarantee admission, it gives you an opportunity to start taking classes immediately.  For more information contact the Graduate Studies Office at graduate@mnstate.edu or 218-477-2134. You may view the easy admission requirements for the Graduate Special status on the website.  This temporary non-degree status would be changed after formal admission and all credits taken would be transferred into the program.  

     

    Degree Requirements

    1. 31 credits for degree completion; 15 core credits, 15 elective credits, 1 portfolio credit
    2. A student must maintain a minimum GPA of 3.0 in the program. If a student’s GPA falls below 3.0 then the student will be placed on probation and allowed to take only 6 credits the following semester. If after taking 6 credits during probation, the student’s GPA is still below 3.0 then the student will be expelled and not allowed to reapply.
    3. Students who wish to transfer credits from other institutions or have taken courses before admission to the graduate program should refer to the “Residence and Transfer of Credit” section in the Graduate Bulletin for further information.
    4. Completion of oral examination which serves as a review of the student’s portfolio.

    Course Requirements

    Core Requirements (16 Required Credits)
    BUS 602 Quantitative Methods (3)
    BUS 640 Financial Statement Analysis (3)
    BUS 642 Corporate Finance (3)
    BUS 644 Accounting for Managerial Decision Making (3)
    BUS 648 Investments (3)
    BUS 696 Project/Action Research (Plan B) (1)

    Restricted Electives
    Students select 5 courses from the following list:
    ACCT 507 Commercial Transaction, Property, and Special Topics (3)
    ACCT 532 Advanced Accounting II (3)
    ACCT 541 Individual Taxation (3)
    ACCT 543 Corporate/Partnership Tax (3)
    ACCT 561 Audit II (3)
    FINC 546 Financial Decision Making (3)
    FINC 560 Portfolio Analysis and Management (3)
    FINC 563 Futures and Options (3)

    Note: Students enrolling in 400 level cross-listed courses to meet undergraduate degree requirements will not be allowed to use them for graduate credit.

    Suggested Order for Your MS in Accounting and Finance

     

    Fall Semester

    Spring Semester

    BUS 640, Financial Statement Analysis, 3 cr.
    BUS 642, Corporate Finance, 3 cr.
    BUS 602, Quantitative Methods, 3 cr.
    Elective I, 3 cr.
    Elective II, 3 credits

    BUS 648, Investments, 3 cr.
    BUS 644, Accounting for Managerial Decision Making, 3 cr.
    Elective III, 3 cr.
    Elective IV, 3 cr.
    Elective V, 3 cr.
    BUS 696, Student Projects

     

    Additional Information

    Graduate Application Form
    Printable copy of this information in PDF