MASTER OF FINANCIAL MANAGEMENT PROGRAM SHEET & APPLICTION INFORMATION

PROGRAM OVERVIEW 

The part-time Master of Financial Management (MFM) degree is a specialized program designed to prepare individuals to excel in the financial services industry. The curriculum is designed to be immediately relevant in the workplace and is offered in a dynamic learning environment in which students bring their professional experiences to the classroom enhancing the academic curriculum and furthering the learning experiences of all.
 
The Drake MFM program is unique. No other program in the state provides this combination of specialized financial knowledge making the program well suited to professionals in the financial markets, insurance, banking and investment areas as well as more general business applications where an emphasis in financial management is required. During the MFM development process, feedback was sought from senior professionals within the financial services industry. Their feedback confirms that the MFM is well designed providing both broad based business knowledge and depth of knowledge within the field of finance. In particular, the option to pursue coursework that parallels the CFA examination was seen as an added strength to the program. 

DRAKE MFM CONNECTION TO THE CHARTERED FINANCIAL ANALYST (CFA) DESIGNATION

The three part CFA exam, which when passed entitles a person to become a “CFA Charterholder”, typically requires three years to complete. Topics tested relate to investment, accounting, economics, corporate finance, ethics, portfolio management, statistics, asset valuation and derivative securities Approximately 40% of the candidates sitting for the first level are between the ages of 25 to 30 and typically one in three pass the level 1 exam. The Drake MFM can be pursued using a strategy to support a student seeking the CFA designation. Assuming the learner (in consultation with an advisor) selects the appropriate mix of electives, he/she will have studied nearly all of the materials tested in the level 1 and 2 exams. Level 3 concentrates on applications of the basic tools emphasized in the first two exams, so again, students of the Drake MFM will be exposed to CFA tested materials. While there is no guarantee that 100 percent of the CFA exam content will be covered, by selecting the proper mix of electives, a person can secure good command of a large body of knowledge included in the three CFA exams.

NEED MORE INFORMATION?

For more information about the Drake MFM Program, please contact Drake at (515) 271-2188                 
(toll free 1-800-44-DRAKE, ext. 2188), or by e-mail: cbpa.gradprograms@drake.edu.