|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
ASSOCIATE’S,
BACHELOR’S, MASTER’S DEGREES TGIF
students are able to earn a Mercy College Associate in Applied Science in
Banking or Bachelor of Science in Business Administration Degree with a Concentration in Banking thanks to a collaboration
between The Global Institute of Finance and Banking and Mercy College.
Associate’s Degree Curriculum
Open
Electives: Depending on the number of credits
transferred, students may have to take some additional courses as open
electives in order to complete a total of 60 credits for the Associate’s
Degree. Associate
in Applied Science in Banking The
following principles apply to students from TGIF who matriculate with Mercy
with the intention of earning an A.A.S. in Banking Degree.
·
TGIF students may receive up to 42 credits for courses
successfully completed at TGIF.
·
TGIF students who have earned college credits for courses
successfully completed at accredited two-year colleges may transfer up to 30
credits for these courses.
·
The transfer credits must be applicable to the degree
requirements of Mercy.
·
Transfer credits will be accepted only for courses in which the
student received a grade of “C” or higher.
·
Matriculating students must successfully complete at least 30
credits in residence, 15 of which must be in their major concentration, in
order to receive a degree from Mercy. Bachelor’s Degree Curriculum
Open Electives: Depending on the number of
credits transferred, students may have to take some additional courses as open
electives in order to complete a total of 120 credits for the Bachelor’s
Degree. Bachelor
of Science in Business Administration with a Concentration in Banking
·
TGIF students may receive up to 57 credits for courses
successfully completed at TGIF.
·
TGIF students who have earned college credits for courses
successfully completed at accredited two-year colleges may transfer up to 75
credits, including their credits for courses completed at TGIF and at two-year
colleges.
·
TGIF students who have earned college credits for courses
successfully completed at accredited four-year colleges may transfer up to 90
credits, including their credits for courses completed at TGIF and at two-year
colleges.
·
The transfer credits must be applicable to the degree
requirements of Mercy.
·
Transfer credits will be accepted only for courses in which the
student received a grade of “C” or higher.
·
If a student has an Associate’s Degree with 48 credits in the
liberal arts and sciences from an accredited institution of higher
education and an average of “C” or higher in courses taken toward
that degree, full credit may be received for having completed the general
education requirements for the Bachelor’s degree at Mercy.
·
Matriculating students must successfully complete at least 30
credits in residence, 15 of which must be in their major concentration, in
order to receive a degree from Mercy. Transcripts:
Transcripts of those who would
like to pursue Associate’s or Bachelor’s Degree will be evaluated on an
individual basis. Advice on
scheduling and planning courses will be provided. Internet Courses: TGIF students will be able to
take many Mercy College courses to complete their Associate’s, Bachelor’s
Degree or Master’s Degree at their offices or homes through the Internet.
For information concerning
course availability, registration, and tuition, call TGIF at (212) 480-3200. Master
of Science in Banking Degree The
purpose of this program is to prepare graduates for management roles in the
banking industry. The program is
designed to meet the need of adult learners for professional development
through graduate education and the need of banking organizations for people
who have the knowledge and skills to perform complex management functions in a
rapidly changing environment. The Mercy College Master of
Science in Banking Degree program, which was developed in a collaboration
between The Global Institute of Finance and Banking and Mercy College, is
based on a model that has been successfully used for graduate-level education.
This degree program differs from existing graduate programs which
typically focus on finance, but not on banking. The general learning
objectives of the program are oriented to the student’s application of an
integrated knowledge of six areas of banking to real world situations.
The six knowledge areas are the
financial system, bank operations, bank lending, securities markets, international banking and strategic management for financial
institutions. A Concentration
in Securities is also available, see p.16 for a course description.
The content of the program is also drawn from the fields of accounting,
law, economics, finance, management and marketing.
This learning process promotes the development of interpersonal skills
by assigning students to cohorts and requiring them to take all of their
courses with the same group of colleagues. The curriculum of the program
is divided into six 6 credit courses, each of which covers an area of banking
and relates to a general learning objective.
The degree requirement is 36 credits.
Students are expected to complete the program in two years, including
two summer sessions. Courses in
the Master’s Degree program are available on the Internet. The Global Institute of Finance and Banking, Mercy College, Master of
Science in Banking Degree
Program Directors:
Required Banking Courses:
Admission Requirements
·
A bachelor’s degree degree from an accredited college or
university;
·
An acceptable record in academic work as reflected by official
transcripts; or work experience.
·
At least two years of prior work experience:
·
Two letters of recommendation that provide evidence of personal
and professional qualifications for graduate study. Program Students will earn a Mercy
College Master of Science in Banking Degree upon successful completion of this
two year, 36 credit, program. Term
Schedule Students will take one 6
credit banking specific course per semester as offered (see required banking
courses). Variations of this plan
are possible if students or banks have special needs (in-house, etc.).
Transfer Credit
Policy A maximum of 6 credits may be transferred into the
program. Lesser amounts of
transfer credit will not be considered. In
order to receive 6 transfer credits the student must have completed one of the
following:
·
A Banking for Professionals Certificate at The Global Institute
of Finance and Banking is Center for Advanced Banking Studies.
·
Three 10 session courses in the TGIF’s Center for Advanced
Banking Studies including Fundamentals of Banking, Law for Bankers 1 and Law for Bankers 2.
·
Any three 10 session courses in TGIF’s Center for Advanced
Banking Studies and graduate or undergraduate courses in Principles of
Banking, Law 1 and Law 2 with a grade of “C” or better in each.
·
Graduate courses in Principles of Banking, Law 1 and Law 2 with
a grade of “C” or better in each.
·
A Certificate of completion of ABA’s Stonier Graduate School
of Banking.
·
A Certificate of completion of TGIF’s Applied International
Banking Program. Graduation Requirements To be eligible for graduation
students must complete all 36 credits in the program with a grade point
average of 3.0 or higher based on the Mercy College’s grading system. The 36
credits include the comprehensive requirement, which students will fulfill by
successfully completing the bank management simulation project embedded in the
final course. Students will
undertake this project in teams of 4 to 5 individuals.
They will be required to make an oral presentation as members of a team
and to write a report as individuals. They
will be graded on their performance as team members and as individuals.
Peer review will be a component of their evaluation as team members. Master
of Science in Securities
The
purpose of this program is to prepare students for professional practice in
securities-related activities. This field includes investment banking,
securities trading, brokerage, financial risk management and portfolio
management. The curriculum was designed with the guidance of external
practitioners to meet the need for graduate level education in this field.
The general objectives of the
program are for students to apply the following areas of knowledge to
securities-related activities: ·
The Financial System; ·
Securities Operations; ·
Investment Banking; ·
Financial Markets; ·
Financial Risk and Portfolio Management; ·
Strategic Management for Financial Institutions. ·
Functions and relationships of financial intermediaries and
financial markets. ·
Accounting, legal, transfer, and control systems for securities
operations. ·
Securities underwriting and mergers/acquisitions advising. ·
Trading and brokerage in securities, currency, and derivative
markets. ·
Financial risk management and portfolio management. ·
Strategic management for financial institutions. Admission
Requirements
·
A bachelor’s degree from an accredited college or university;
·
An acceptable record in academic work as reflected by official
transcripts
·
At least two years of prior work experience: Admission
Procedures ·
An application form and general information regarding
eligibility for the Master of Science Program in Securities may be obtained
from TGIF at 212-480-3200 contacting the Program Director. Questions
pertaining to this process may be addressed to the Director of the Graduate
Program in Securities either by telephone, in writing, or through a personal
interview. ·
Each applicant to the Program must submit the following: a)
A completed application for admission to the Master of Science in
Securities Degree Program, accompanied by the $35 application fee; b)
An official undergraduate transcript from the college or university
previously attended; c)
A resume that summarizes all work experience; d)
Two letters of reference indicating personal and professional
qualifications for graduate study;
·
Each applicant must have an interview with the Program Director
or designee.
Curriculum The curriculum for this
program was developed with the guidance of external practitioners. It was
designed to meet the needs of students who intend to pursue careers in
securities-related activities. The curriculum consists of the following six
courses:
SECR 510 The Financial System
………………………………………………………………………………6
credits
SECR 520 Securities Operations
………………………………………………………………………………6
credits
SECR 530 Investment Banking
………………………………………………………………………………...6
credits
SECR 540 Financial Markets
…………………………………………………………………………………...6
credits
SECR 550 Financial Risk and
Portfolio Management
……………………………………………………….6 credits SECR 560 Strategic
Management for Financial
Institutions……………………………………………6
credits
Total
Credits……………………………………………………………………….36
credits The
comprehensive requirement, an individual research project, will be embedded in
SECR 560 Strategic Management for Financial Institutions. Scheduling
Students will take one course at a time. Each course will
run over a period of 15 weeks, with 26 sessions meeting two evenings per week.
Each course will run over a period more than 90 hours of instruction, for
which 6 credits will be granted. Students will take three course per year, or
18 credits, so they will complete the program in two years. The courses may
also be taken on the Internet. Maintenance
of Matriculation Matriculation is maintained by registering for courses in
successive semesters unless the student has obtained written
permission for a leave of absence from the Program Director. The
maximum consecutive time period allowed for a leave of absence is two
semesters. A student who fails to register for a quarter without obtaining a
leave of absence is considered to have withdrawn from the College and must
reapply for readmission to the Program Director. Maintenance
of Good Academic Standing Students must maintain a cumulative 3.0 grade point
average in the program in order to be in good academic standing. Those
students whose grade point averages are below 3.0 for two consecutive courses
will be placed on academic probation. At the end of each term the Academic
Review Committee will review the performance of such students, and those who
have not demonstrated satisfactory progress toward a 3.0 index will be
dismissed. The Academic Review Committee will be comprised of the Director of
the Program and two faculty members. The committee will make final decisions
on academic standing. Degree
Requirements To be eligible for graduation students must complete all
36 credits in the program with a grade point average of 3.0 or higher based on
the Mercy College grading system. The words “With Distinction” will appear
on the diploma of a student whose quality point index, upon meeting all
requirements for graduation, is at least 3.75. The 36 credits include the
comprehensive requirement, which students will fulfill by successfully
completing a research project in the final course. This project enables
students to develop their skills in research and independent thinking as well
as in writing and oral communication.
Time
Limit Requirements for the M.S. degree must be completed within
five years from the candidate’s date of matriculation (exclusive of time
spent in the Armed Forces). Exception may be made by the Program Director if
the candidate’s request demonstrates circumstances beyond the student’s
control that temporarily interfere with the ability to complete the program on
time. The Global Institute of Finance and Banking, Mercy College, Master of
Science in Securities Degree
Program Directors:
Required Securities Courses: SECR
510 The
Financial System An
introduction to the study of the banking and securities industries.
Establishes the functions of financial intermediaries and financial markets
in the financial system. Examines the roles of banks, thrifts, and
nondeposit intermediaries as well as the roles of the various financial
markets, including money markets, bond markets, and equity markets in
meeting the needs of lenders and borrowers, including governments,
businesses, and consumers. 6 credits. SECR
520 Securities
Operations A
study of securities operations. Introduces accounting systems for brokerage
firms and investments banks. Topics include securities regulations;
licensing requirements; brokerage operations, trading operations and
portfolio management operations; payment systems; settlement and securities
transfer mechanisms; custodial arrangements; audit and internal control
systems; operational planning and human resource polices and practices. 6
credits. SECR 530 Investment Banking A study of investment banking. Provides
techniques of financial statement analysis, with emphasis on interpretation
and understanding of financial statements. Examines the subject of corporate
finance, including asset valuation, capital budgeting, capital structure and
risk concepts. Focuses on the activities of underwriting securities and
performing an advisory role for corporate mergers and acquisitions. The
later area includes accounting aspects of mergers, acquisitions and other
restructuring techniques. 6 credits. SECR 540
Financial Markets A
study of financial markets. Examines the brokerage and trading activities of
banks and securities firms. Provides detailed knowledge of how brokers and
dealers function in financial markets, including the markets for Treasury
bills, bank CDs, bankers acceptances, commercial papers, Fed funds, repos
and reverses, Eurodollars, Treasury bonds, municipal bonds, corporate bonds,
asset-backed securities, equities, stock indexes, currency markets and
derivative instruments. 6 credits. SECR
550 Financial
Risk and Portfolio Management A
study of financial risk management and portfolio management in banks and
securities firms. Introduces principles of financial management, examines
various types of risk and offers strategies for managing these risks. Topics
include credit risk, rate risk, liquidity risk and currency risk management
as well as asset/liability management and portfolio management. Provides
techniques of asset allocation, diversification, securities analysis,
performance evaluation and hedging with derivative instruments. 6 credits. SECR 560 Strategic Management for Financial Institutions This course requires students to integrate
knowledge acquired in the other courses under the perspective of strategic
management. Topics include leadership, strategic planning, organizational
structure, marketing, budgeting, human resource development and overall
performance evaluation. Students will work together in teams to develop a
strategic plan for a bank and/or securities firm, the features of which are
provided in a case study. They will also complete an individual research
project. 6 credits. Credits Awarded and degrees granted by Mercy College
|
