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Full-Time MBA concentration in Finance
If you want to be prepared with the knowledge and savvy you need to succeed on Wall Street, the Rutgers Business School MBA concentration in finance is built for you
A fresh curriculum inspired by today’s top industry leaders, our graduates move into executive positions across the financial services and across industries – from banking and hedge funds to insurance and healthcare.
Our broad and rigorous finance curriculum gives you solid knowledge on all aspects of money management – investments, collection, disbursement, borrowing, fundraising. From preparing the financial reports needed to manage operations and satisfy regulations, to overseeing cash and investment flow and assessing an organization's financial status, you graduate prepped for a variety of positions with wide-ranging responsibilities.
Rutgers STEM MBA
You can now choose to earn a STEM degree with any of our MBA concentrations. To qualify, you need to take a minimum of 30 credits of STEM-designated courses. The Core Curriculum provides 9 STEM credits. Full-Time students seeking the STEM certification should take Data Analysis & Decision Making as a Foundation course, at least 3 STEM-designated Concentration Courses, and additional STEM Foundation or Elective courses.
(*) Indicates a STEM-designated course
Required Course: Aggregate Economic Analysis [22:223:520 (FT) | 22:223:591 (PT)]
Introduces theory and empirical estimation of aggregate economic relationships, including the general price level, income, output, employment, and wages. Covers national income accounting and other economic data sources, consumption, investment, the banking system, and the supply of and demand for money, interest rates, prices, wages and employment, business fluctuations, and international economics.
Advanced Financial Management [22:390:605] *
Examines the problems faced by the corporate financial manager on the theoretical, analytical, and applied levels. The impact of the financing decision upon the value of the firm is analyzed. Theoretical and analytical aspects of the capital budgeting decision are examined in detail with emphasis on methods of incorporating risk into the capital budgeting decision. An analytical framework is presented to evaluate leasing, bond refunding, and mergers and acquisitions. Theories of corporate governance are discussed.
Financial Institutions and Markets [22:390:604] *
Presents a detailed overview of the theory and institutional features of the U.S. financial system. Provides a comprehensive review of U.S. financial markets. Covers a survey of flow-of-funds data and U.S. financial markets and institutions, capital market theory, financial factors and economic activity, theory of the level and structure of interest rates.
Investment Analysis and Management [22:390:603] *
Provides overview of the fields of security analysis and portfolio management. Introduces the analysis of individual investments with special reference to common stocks and bonds. Designed for the finance major who is interested in the security/investment area as a possible career.
Analysis of Fixed Income Securities [22:390:611] *
Explores the investment characteristics, pricing, and risk/reward potential of fixed-income securities. The securities covered include bonds---with and without embedded options; mortgages and mortgage-backed securities together with their derivatives such as collateralized mortgage obligations (CMO's), income-only (IO's) and principal-only (PO's) strips; interest rate swaps; and interest rate futures and option contracts. In addition, this course will explore the strategies for investing in portfolios of fixed-income securities.
Applied Portfolio Management [22:390:658] *
This course enables students to manage a small part of the Rutgers University's endowment under the direction of professional fund managers. Students will learn to become experts in a sector / industry, understanding its drivers and impact on stock prices. Students will be required to write two comprehensive stock reports (one Long and one Short Sale recommendation) and present their findings in front of the class. The course will follow a Graham & Dodd / Buffett philosophy, viewing stock as ownership in a business. Class will meet approximately every other Saturday afternoon in New Brunswick, to better accommodate the guest speakers that are an integral part of the course. Two class sessions will take place in Manhattan. The course has been featured in The Star Ledger, Bergen Record, Rutgers Magazine, Rutgers Focus and other media. A scholarship of $1,000 (The Brick-Whitcomb Prize) will be awarded to the student who submits the best stock report in the class.
Corporate Risk and Insurance Management [22:390:601]
Provides a survey of the current practices of businesses in protecting themselves from chance events that threaten their assets or their operations. Options ranging from risk preparation to transfer of risk to others, such as suppliers, are considered.
Decoding of Corporate Financial Communications [22:010:648]
Interpretation and in-depth analysis of reported financial data. The role of taxes and tax disclosures will be included in the class discussions. Some aspects of valuation will be discussed. Issues include reported numbers making sense; reporting choices made by the preparer/firm when other choices under GAAP are available; strategy of firms in their choice of financial information disclosures; comparison of financial information within and across industries; projection of key information variables like earnings or cash flows into the future; financial reporting information used to gauge the riskiness of firms; prediction of the probability of bankruptcy using financial data.
Financial Statement Analysis [22:390:613] *
Presents techniques for analyzing a firm's current and projected financial statements for the purposes of credit analysis, security analysis, and internal financial analysis. Topics covered include financial distress prediction, evaluation of short-term and long-term loan requests, the impact of accounting information on security returns, determinants of bond ratings and yields, and the reliability of historical and forecasted accounting data. A working knowledge of spreadsheet analysis is expected. Special emphasis is placed on acquiring data from printed and computer databases and an introduction to specialized online databases and the Internet.
Hedge Funds [22:390:681] *
This course will provide students with a solid and working understanding of hedge funds. The course will not only cover an overview of the hedge fund industry, but also provide students with a strong understanding of more than a dozen hedge fund strategies, including equity long / short, global macro, statistical arbitrage, merger arbitrage, convertible arbitrage, and fixed income arbitrage. The course will make extensive use of Excel spreadsheets to model specific hedge funds strategies and will also include live instruction on using cutting-edge Internet resources. In my view, often the best way to learn is by doing, so students will also manage a simulated $1 million hedge fund portfolio and design and present a hedge fund investment strategy group project.
International Financial Markets [22:390:606]
Offers an understanding of the international financial structure and studies its impact on business and individuals in various nations. The course is divided into three parts: the study of the adjustment mechanism used by nations to solve balance of payments difficulties; the examination of international liquidity and the new techniques being developed to replace gold; and a brief look at the implications of these developments in guiding the international operations of banks, other financial institutions, and business firms.
The purpose of this course is to provide students with the necessary knowledge on how to use and not to use the models for derivatives. While the course will primarily focus on payoffs, usage, pricing, hedging, and institutional details of the most fundamental or vanilla versions of Options and Futures, it will also deal in some detail with more recent studies in the theory of derivative pricing. Students will acquire a robust conceptual knowledge of the fundamental issues that determine the valuation and behavior of these instruments. Though this course focuses on the intuitive economic insights of those models, some advanced math is required, including stochastic calculus. Be prepared for some necessarily non-trivial math if you take the course.
Portfolio Management [22:390:608] *
Comprehensive coverage of the theory and practice of money management as well as in-depth analysis of the theory and practice involved when securities are combined into portfolios. Like Investment Analysis and Management, the course is designed for finance majors interested in a career in money management.
Entrepreneurial Finance [22:390:612]
Entrepreneurial Finance is a course designed for students who plan to get engaged in working with a high growth venture. The course focuses on financing of new ventures that are expected to grow and in which students may take a role of an entrepreneur, an advisor, an investor or an employee. Entrepreneurial Finance is created to expose students to the basic problems that are specific to financing new and growing ventures such as design of a business plan, contracting and valuation, choice of seed and follow-up financing and financing venture’s growth. The course also offers a basic coverage of venture capital and angel investors.
Treasury Management [22:390:694]
This elective course introduces how a Corporate Treasurer manages the finances of a business along with supporting the supply chain component of a business through various supply chain finance concepts. The course will take an in-depth look at the working capital of a business with a focus on the management of the cash conversion cycle. There will be case studies reviewed in the class that discuss the use of derivatives to manage the debt structure of a business, the use of international treasury management techniques to increase the opportunity cost of a firm, and how to determine the appropriate line of credit based upon cash flow projections and pricing.
Indexing & ETFs [22:839:670]
This is an advanced, modern finance course with the objective of studying indices and Exchange Traded Funds (ETFs) and their application in investment management. The course is divided into two major segments. The first provides a comprehensive overview of the theories and practical experience that are the foundations for indexing. This includes a review of Modern Portfolio Theory (MPT) and its influence on the evolution and role of indexing in investment management, a deep dive into best practices in index (portfolio) construction necessary to fully understanding ETFs, and a thorough overview of the latest in index products across all asset classes. The second segment provides a thorough examination of ETFs, including their anatomy, mechanics, application in investment strategy, and eco-system of industry participants.
Just a short distance from New York City, we are at the center of global business and a short drive or train ride into the finance capital of the world.
If you want to pursue finance, this is the place to be
Finance MBA students can attend classes at either of our Newark or New Brunswick campuses, so you can pick the location that works best for you.
Connections that Build Careers
Rutgers Finance MBA alumni are some of the most successful and connected in the industry. Our Finance Alumni Network comprises hundreds of alumni who gather frequently for prestigious networking events featuring the financial world's top influencers. Access to world-class speakers and successful alumni is part of your Rutgers Finance MBA experience.
Activist investor Bill Ackman speaks to Rutgers Business School students and alumni at Finance Alumni networking event at CITI.
Nearness to New York City and relationships with top companies means we have direct access to high-powered executives – thought leaders who influence our curriculum, mentor our students and are passionate about hiring Rutgers grads.
Those connections turn into a powerful advantage: More than 20 percent of Rutgers MBAs pursue careers in finance after graduation, landing jobs at many of the nation’s leading companies, including Merrill Lynch, J.P. Morgan Chase, Prudential Financial, State Farm Insurance, BNY Mellon and pharmaceutical giants like Merck.
Whatever the job title, you can be sure your Rutgers finance MBA has prepared you for it.
George Rusnak explains the importance of an MBA and CFA for a successful career in the finance industry
Our Finance MBA students have proven that their knowledge and education makes them stand out among the sharpest student minds in the world.
Rutgers Finance MBA students are innovative and excellent and they have the receipts to prove it. Our students have excelled in competitions like the ETF Global Portfolio Challenge and have a legacy of success at the CFA Institute Research Challenge.
Our students lead in the classroom and outside of it, and that leadership paves the way for career success.
Watch: CFA vs. MBA? George Rusnak, RBS MBA ’01, says you need both in this helpful video filled with advice and tips for your career.
Dean’s Professor of Business and Chair, Finance & Economics
Professor Ivan E. Brick joined Rutgers Business School at Newark and New Brunswick in 1978. He has been the Chair of the Finance and Economics department since 1996.
Professor Brick has published numerous papers in academic journals such as the Journal of Finance, Journal of Financial Quantitative Analysis, International Economic...
The Rutgers Business School MBA program has given me the analytical skills, and allowed me to develop the soft skills, to know I can walk into any office, conference room or networking event and know that I can contribute something of value.
Sebastian Rojas, Finance and Supply Chain Management