Master of Science in
Securities Degree
All courses in the program may be
completed online
Financial services in
the 21st century require men and women of vision,
knowledge, versatility and flexibility. A commitment to life
long learning will separate industry leaders from the rest.
This unique Master of
Science degree program is the result of a collaborative
initiative between The Global Institute of Finance and Banking,
the most experienced educator of bankers in the United States,
and Mercy College, an institution of higher education with a
history of developing and implementing creative and innovative
academic programs designed to meet the needs of today's
business professionals.
This course of study helps
prepare financial services professionals for the requirements of
today's financial environment, particularly securities
management, and for the rapidly changing environment of the
future. In addition, this program can position you to continue
on to earn a Master of Business Administration (MBA) focusing on
additional areas of importance such as electronic banking and
commerce, marketing and strategic management.
The unique partnership
between TGIF and Mercy College provides you with practical
experience, academic excellence and innovative learning models
continuing our tradition of success.
Investigate
the TGIF and Mercy College vision of financial services in the
new century.
Admission
Admission
Requirements:
1. A
Baccalaureate Degree from an accredited college or university
2. An
acceptable record in academic work as reflected by official
transcripts
3.
At least two years prior work
experience in an area relevant to the program
4.
Two letters of recommendation
that provide evidence of personal and
professional
qualifications for graduate study.
Each applicant to the
program must submit the following:
A completed
application for admission to the Master of Science
Program in Securities,
accompanied by a $35.00 application fee
An official undergraduate
transcript from the college or university(s) previously attended
A resume that summarizes
all work experience
Two letters of reference
indicating personal and professional qualifications for graduate
study.
The applicant must
interview with either of the Program Directors.
Upon completion of all
requirements, qualified applicants will be admitted to the
program.
Programs are offered in
the following formats:
Classroom:
All courses in the program may be completed at either of the
following locations:
The Global Institute
of Finance and Banking
80Maiden Lane, New York, NY 10038
Online:
All courses in the program may be completed online
Curriculum
The curriculum for this
unique program was developed by experienced bankers, securities
professionals and educators, and contains subject matter
identified as critical to successful financial services
professionals by senior executives at some of the world's
leading financial institutions. It was designed to meet the
needs of students who intend to pursue careers in this
challenging and volatile industry.
The curriculum consists of
five required courses which focus on the significant areas of
expertise required by senior managers and professionals in the
field, and a major directed case study and research project.
Courses are offered on a
full semester basis with each course representing six credits.
As members of a cohort,
students are expected to complete the program as part of a group
who will network, conduct group research, participate in group
and individual projects and, it is expected, complete the
program in six semesters over two years.
Every course has
significant research requirements and group interaction. It is
expected that students in this program will work collaboratively
with fellow students and course instructors.
Courses
SECR 510 The
Financial System
SECR 520 Securities
Operations
SECR 530 Investment
Banking
SECR 540 Securities
Markets
SECR 550 Financial
Management
SECR 560 Strategic
Management
Course
Descriptions
SECR 510 The Financial System
This
course provides an overview of the financial system. In
examining intermediaries and financial markets, the course will
focus on how they serve groups of borrowers and lenders. This
establishes the functions of financial intermediaries and the
financial markets in the financial system. Included in this
examination will be the roles of banks, thrift institutions 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, not for profit institutions
and consumers. Topics include the flow of funds system; the
basic roles of intermediaries and financial markets; the types
and varieties of financial intermediaries including life
insurance companies, banks, thrifts, pension funds and mutual
funds; the major financial markets- the money market: Treasury
bills, Fed funds, bank CDs, commercial paper, and bankers
acceptances; and capital markets- Treasury notes and bonds,
residential mortgages, corporate bonds and stock; the basic role
of the Fed in regulating banks and managing short term interest
rates.
SECR 520 Securities Operations
This course focuses on the
key elements of securities operations. It will examine
accounting systems utilized by brokerage firms and investment
banks. Topics will include securities industry regulations;
licensing regulations; brokerage operations; settlement and
securities transfer mechanisms; custodial arrangements; audit
and internal control system; operational planning and human
resource policies and practices.
SECR 530 Investment Banking
This course will be a
study of investment banking. It will present an examination of
financial statement analysis, with emphasis on interpretation
and understanding of financial statements. In addition, it will
present an examination of corporate finance including the time
value of money, asset valuations, optimal management of short
term assets and liabilities, capital structure and risk
concepts. It will focus on the activities of underwriting
corporate securities and performing an advisory role in the
process of corporate mergers and acquisitions. Topics will
include financial statement analysis; essentials of corporate
finance; risk assessment and management; rating systems; credit
enhancements; securities valuation and pricing; securities
distribution channels, including the international dimension;
regulations governing the underwriting of corporate securities;
underwriting fixed-income securities, asset-backed securities,
and equities; identifying potential mergers and acquisitions;
and advising companies on mergers and acquisitions.
SECR 540 Financial Markets
This course will examine
financial markets. It will present a study of the brokering and
trading activities of banks and securities firms. In addition,
it will provide detailed knowledge of how brokers and dealers
function in financial markets, including the markets for
Treasury bills, bank CDs, bankers acceptances, commercial paper,
Fed funds, repos and reverses, Eurodollars, Treasury bonds,
municipal bonds, corporate bonds, asset-backed securities,
equities, stock indexes, futures, options and currency markets.
The focus of this course will be on the business of brokering
and trading; the activities of banks and securities firms in
these markets and how they make profits from them. Topics
include the general functions of brokers and dealers; how
securities are traded in the following markets: Treasury bills,
bank CDs and bankers acceptances, commercial paper, including
the Euro market, Fed funds, repos and reverses, Eurodollars
(both time deposits and bank CDs), Treasury bonds, municipal
bonds, corporate bonds (including the Eurobond market),
asset-backed securities (mortgages, auto loans, credit card
receivables), equities and stock indexes, futures and options
(financial futures, stock options, index options), and currency
markets (spot, forward, futures, options).
SECR 550 Financial Management
The course is an
examination of financial management in banks and securities
firms. It will introduce key principles of financial
management, examine various types of risk, and will provide
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. It
will present an analysis of techniques for asset allocation,
diversification, securities analysis, valuation models,
performance evaluation and hedging. The focus of the course is
on the management of financial assets, positions and portfolios
critical to the success of banks and securities firms.
SECR 560 Strategic Management
This course requires
students to integrate knowledge acquired in the other courses
under the perspective of strategic management. Topics include
leadership concepts and practices; 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 or
securities firm, the features of which will be provided in a
case study. In addition, each student will complete an
individual research project
Admission Procedures:
Prior to applying, in
person or online, please contact the Program Director regarding
your interest. General information regarding eligibility for
the program may be obtained from TGIF, 212-480-3200. Questions
pertaining to this process may be addressed to either Director
of the Graduate Program in Securities by telephone, letter,
interview or e-mail. |
