Doctor of Business Administration – Finance

Doctor of Business Administration: Finance

A Doctor of Business Administration is the highest professional degree level in the study of Business Administration and enables you to compete for senior-level positions by enhancing your knowledge of business trends, research and theories.

You schedule shouldn’t be the reason, you’re unable to advance your career with a DBA degree. Which is why CMU offers affordable and flexible online DBA degree programs, ideal for working professionals, parents and other individuals seeking to obtain a DBA degree while balancing work and home. Our online DBA degree program enables you to further develop the skills, knowledge and theories obtained in your acquired degrees, the workplace and life to confidently pursue professional opportunities.

The lifeblood of every organization – private, public, religious or corporate – is its financial resources. Managers must know how to manage and allocate resources in order to ensure long-term profitability and organizational health. This concentration assists students with developing these essential skills.

FIN 7420: Investment Analysis and Portfolio Management (Prerequisite: 7040) (3 credit hours)

The focus of this course is on the financial theory and empirical evidence that are useful for investment decisions.
The topics such as Financial Theories, Empirical Evidence in the Equity and Equity Options Markets, Fixed-Income and Credit Sensitive Instruments, Market Efficiency and Portfolio Management will be covered in this course.

FIN 7430: Financial Economics (Prerequisite: 7040) (3 credit hours)

This course focuses on application of economic principles to analyze financial markets. The course examines price fundamentals, models explaining asset pricing, and the implication of efficient markets and no-arbitrage.

FIN 7440: Financial Markets and Institutions (Prerequisite: 7040) (3 credit hours)

This course examines the nature, scope and role of financial institutions in the economy; supply of and demand for loanable funds; money market; capital markets; the level and structure of interest rates; monetary, fiscal and debt management policies. The course covers fundamental knowledge on the structure, function and role of the financial system in light of the web of links and interconnections with the banking sector. The course will cover financial intermediaries, financial instruments and the different markets where credit institutions are active players.

FIN 7460: Derivatives and Risk Management (Prerequisite: 7040) (3 credit hours)

This course focuses on financial derivatives, namely options, futures and swaps. The goal is to provide a complete overview of the main characteristics of these securities and pricing and hedging issues, from the point of view of the investment bank or large investor. The topics that cover risk management are: Risk assessment, Controlling risk, Quantifying financial risks, Financial methods for measuring risk, Qualitative approaches to risk assessment.

FIN 7470: Seminar in International Finance (Prerequisite: 7040) (3 credit hours)

This course will focus on decision making in an international context. It covers major topics in international financial markets. The course will cover topics such as foreign exchange markets, spot exchange rate, forward exchange rate, currency futures, options, balance of payments, international monetary system, purchasing power parity and interest rate parity.

FIN 7490: Seminar in Valuation, Mergers and Acquisitions (Prerequisite: 7040) (3 credit hours)

This course will focus on the increasingly dynamic trends in the global marketplace that have caused multinational firms to structure complex mergers and alliances, all with the goal of enhancing shareholder value. Many of these transactions fail to achieve their potential. The course will evaluate the strategic implications and tactical aspects of mergers, acquisitions, and alliances. Topics covered include the role of the board of directors and senior management in identifying new opportunities to increase shareholder value; valuation methodologies (both quantitative and qualitative); deal structure; due diligence; corporate governance; legal, tax, regulatory, organizational, and environmental planning.

BUS 7001-FIN: Business Administration Career Practical Training (3 credit hours) Repeatable in BUS 7002 or BUS 7003 (1 credit hour)

This course is an elective externship course. This course of 3 semester units requires 135 hours of externship in the eight-week session.
This course may be repeated, however, only the first 3 semester credits count toward the required units required for graduation. The course is designed to give the student practical On-The-Job experience in the directed area of Business Administration. The course presents an opportunity for student to apply and practice their knowledge and skills they have learned in their degree program and further develop their passion for their chosen industry in a real-world setting.

Courses

The Doctor of Business Administration (DBA) degree requires 61 graduate semester credits beyond the Master’s degree. The dissertation preparation courses account for 13 of the total required credits. Competency Examinations are required prior to approval of the dissertation proposal. The 10 core courses account for 30 total required semester credits.

Course No. Title Credit Hours
BUS 7020 Seminar in Organizational Theory and Corporate Governance 3
BUS 7040 Seminar in Advanced Corporate Finance 3
BUS 7050 Modern Business-Driven Technologies and E-commerce 3
BUS 7060 International Sustainability and Social Responsibility 3
BUS 7070 Globalization and Global Business Strategy 3
BUS 7080 Applied Statistics 3
BUS 7090 Organizational Change Management and Business Ethics 3
BUS 7100 Seminar in Advanced Marketing 3
BUS 7110 Strategic Human Resource Management 3
BUS 7130 Seminar in Advanced Strategic Management 3

All DBA students who do not have an MBA or a Master’s degree in a business-related field may have to take some or all of these four foundation courses in Accounting, Operations Management, Finance, and Marketing if the University determines a student does not possess enough foundational knowledge in these areas to be successful in their DBA program at CMU. The following is a list of the 3 semester unit foundation courses that may be required:

Course No. Title Credit Hours
ACC 6140 Managerial Accounting 3
MGT 6170 Operations Management 3
FIN 6160 Managerial Finance 3
MKT 6120 Marketing Management 3
Course No. Title Credit Hours
BUS 8200A DBA Competency Examination: Research Methods 0
BUS 8200B DBA Competency Examination: Applied Statistics 0
BUS 8200C DBA Competency Examination: Strategic Management 0
BUS 8210 Business Research Methods 4
BUS 8220 Dissertation Process 4
BUS 8221 A-B Dissertation Process Extension - if necessary * Repeatable 3
BUS 8230 Dissertation Completion 4
BUS 8231 A-B Dissertation Completion Extension - if necessary * Repeatable 3
BUS 8240 Dissertation Defense and Degree Completion 1

Education Costs

  • Tuition per Unit: $707
  • Tuition per 3 Unit Course: $2,121
  • Total Program Tuition: $43,127

At the end of the DBA program, the student should be able to:

DBA PLO #1: Demonstrate comprehensive knowledge of the theoretical understandings of the different disciplines and concepts covered in the business administration program.

DBA PLO #2: Critically analyze the scholarly literature and empirical evidence of the theories in each area of concentration or specialization.

DBA PLO #3: Communicate knowledge both orally and in writing using academic language.

DBA PLO #4: Demonstrate the content of applicable knowledge of business disciplines in research methodology.

DBA PLO #5: Perform academic research projects and write papers on different topics within the concentration area.

DBA PLO #6: Analyze and evaluate the underlying multiple data collections techniques used in business.

DBA PLO #7: Develop, implement, and evaluate strategic planning in real business settings.

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