Doctorate of Business Administration – Finance

Doctorate of Business Administration: Finance

A Doctorate’s Degree in 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.

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.

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 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. We 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 66 semester 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 66 graduate semester credits beyond the Master’s degree. The dissertation preparation courses account for 12 of the total required credits. A comprehensive exam is required prior to approval of the dissertation proposal.

Course No. Title Credit Hours
BUS 7010

Seminar in International Economic Theory, Policy and Trade

3
BUS 7020

Seminar in Organizational Theory

3
BUS 7040

Seminar in Advanced Corporate Finance

3
BUS 7050

Managing Social Responsibility

3
BUS 7060

Corporate Governance and Globalization

3
BUS 7070

Global Business Strategy: Managing Across Borders and Cultures

3
BUS 7080

Applied Statistics

3
BUS 7090

Organizational Change Management and Process

3
BUS 7100

Seminar in Advanced Marketing

3
BUS 7110

Strategic Human Resource Management

3
BUS 7120

Business Values and Ethics

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 five foundation courses in Economics, 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
ECO 6150 Managerial Economics 3
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 8210

Dissertation Process

4
BUS 8220

Research Methods and Design

4
BUS 8230

Dissertation Completion and Defense Preparation

4

Education Costs

  • Tuition per Unit: $606
  • Tuition per 3 Unit Course: $1,818
  • Total Program Tuition: $39,996 (66 units)

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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