Beginning in the fall, the University of Michigan-Flint will offer a Master of Science in Applied Finance (MSAF), a fully online program designed to equip students with practical financial expertise for career advancement or a transition into the finance industry. With an asynchronous format, the program is ideal for full-time professionals and students balancing busy schedules.
Students will join a diverse network of business leaders, gaining insights from peers across industries and backgrounds. This collaborative environment fosters critical thinking, problem-solving and team-building skills essential for today’s global workforce.
My City asked Dr. Yener Kandogan, UM-Flint’s Interim Dean for the School of Management and Professor of International Business, to tell us more about the new program.
Dr. Yener Kandogan
UM-Flint’s Interim Dean for the School of Management and Professor of International Business
Photo Courtesy UM-Flint
MC: What inspired the creation of the online MSAF degree at UM-Flint?
YK: According to the U.S. Bureau of Labor Statistics, Financial Managers job outlook over the next ten years is growing at 16% above average in the U.S., and according to State of Michigan Bureau of Labor Market Information and Strategic Initiatives, this rate is at 18% for Michigan.
The overall goal is to meet the needs of the students wanting a specialized degree in finance. The program will prepare graduates for various finance-related positions in multiple sectors of the economy domestically, nationally and internationally. The program has two-fold contents, practical and theoretical, that provide the graduate with sufficient tools to pursue a career in finance and/or enter a Ph.D. program in finance.
MC: How does this program differ from traditional finance master’s programs?
YK: The Applied Finance program has a practical approach that provides sufficient tools to improve candidates’ current position in the financial sector or to pursue a new career in finance. The MS is also suitable to prepare those who seek advanced degrees such as a Ph.D. in finance.
The new program equips students to capitalize on global financial market opportunities while tailoring their expertise to career goals. It offers advanced training in financial management, data analytics, investment analysis, portfolio management and financial modeling.
MC: Are there opportunities for students to specialize or tailor the degree to their career goals?
YK: Yes, the program offers two specialized concentrations: Corporate Finance – Focuses on strategic decision-making, financial planning, and value creation within corporate settings.
Investment – Equips students with the knowledge to assess investments, build portfolios and advise clients on investment strategies.
MC: What are some potential career paths for graduates?
YK: According to the U.S. Bureau of Labor Statistics, the median annual wage for financial analysts is $99,890, highlighting the strong career prospects for graduates in this field. Program graduates can pursue opportunities such as Senior Financial Analyst, Finance Manager, Investment Analyst and Vice President of Finance.
The Master of Science in Applied Finance (MSAF) at UM-Flint is offered in a 100% online format, allowing students to benefit from flexible class interactions while accommodating the demands of professional life of our students. The program holds AACSB accreditation, a prestigious distinction earned by only 5.5% of business schools worldwide, ensuring a high standard of excellence in finance education.
For more information, visit umflint.edu/graduateprograms/online-msaf/
