The Finance faculty in the Master of Finance program at the School of Graduate Professional Studies at Penn State Great Valley offers a four-course (12-credit) graduate certificate program in financial risk management.
Financial risk management involves identifying and quantifying risk exposure and controlling the risk exposure. This certificate program is designed to help prepare individuals to manage financial risk, including credit risk, market risk, interest rate risk, currency risk, and inflation risks using financial derivative instruments such as: forwards, futures, swaps, and options. Course work emphasizes the development of competencies in the valuation of financial derivatives, fixed income securities, and quantitative methods in finance. Content is both theoretical and applied, with an emphasis on practical application of knowledge gained.
The program is ideal for individuals who wish to develop and expand their analytical, technical, evaluative, and communication skills and expertise in this particular area of finance. Individuals working or aspiring to work as financial risk managers and in related positions focusing on the area of derivatives and managing risk in organizations, including insurance companies, commercial and retail banks, asset management firms, and regulatory agencies, will find the program particularly valuable.
This certificate program is an attractive option for individuals who desire advanced education but who do not wish to pursue a master's degree at this time. It is valuable for recent college graduates and others who wish to enroll in courses to determine if they are interested in a complete master's degree program, as well as for professionals who already hold a master's degree and wish to update or expand their knowledge and skills. With program approval, the courses in this graduate certificate program may be applied to the Master of Finance degree program or the Master of Business Administration program at Great Valley, subject to restrictions outlined in GCAC-309 Transfer Credit. Certificate students who wish to have certificate courses applied towards a graduate degree must apply and be admitted to that degree program. Admission to the M.Fin. or M.B.A. graduate degree program is a separate step and is not guaranteed.
Effective Date: Fall 2011
Expiration Date: Summer 2020
Applicants apply for admission to the program via the Graduate School application for admission. Requirements listed here are in addition to Graduate Council policies listed under GCAC-300 General Admissions Standards. International applicants may be required to satisfy an English proficiency requirement; see GCAC-305 Admission Requirements for International Students for more information.
Applicants are expected to have achieved a 3.0 (B) or higher undergraduate grade point average and should have satisfactorily completed some course work in Business Statistics, Financial Management/Corporate Finance, and Microeconomics. Applicants holding a master's degree should have attained at least a cumulative grade point average of 3.0 in previous graduate work. Professional experience will be taken into consideration for admission.
Supporting credentials include official transcripts from all post-secondary institutions attended, a current résumé, and a statement of intent or career objective.
Admission decisions are made by a faculty committee and are based on the quality of the applicant's credentials in relation to those of other applicants. Evaluation criteria include professional and academic accomplishments. Upon approval, certificate program students will enroll in course work on a nondegree basis. Note that admission as a nondegree graduate student neither guarantees nor implies subsequent admission to a degree program. Nondegree students are not eligible to receive fellowships or graduate assistantships.
Requirements listed here are in addition to requirements listed in Graduate Council policy GCAC-212 Postbaccalaureate Credit Certificate Programs.
The graduate certificate in financial risk management requires a total of four courses (12 graduate credits). Students completing each of the four courses with a grade of B or better will be eligible to receive a graduate certificate.
|FIN 531||Financial Management||3|
|FIN 813||Speculative Markets||3|
|BUSAD 525||Quantitative Methods in Finance||3|
|BUSAD 827||Fixed Income Securities||3|
|or FIN 805||Multinational Managerial Finance|
Graduate courses carry numbers from 500 to 699 and 800 to 899. Advanced undergraduate courses numbered between 400 and 499 may be used to meet some graduate degree requirements when taken by graduate students. Courses below the 400 level may not. A graduate student may register for or audit these courses in order to make up deficiencies or to fill in gaps in previous education but not to meet requirements for an advanced degree.