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Department of Accounting, Economics and Finance Finance and Economics Graduate Program

Department of Accounting, Economics and Finance

Master of Science in Finance and Economics­(M.S.F.E.)


Financial Engineer BadgeThe Paul and Virginia Engler College of Business at West Texas A&M University offers a Master of Science in Finance and Economics (MSFE).­ The MSFE graduate program was ranked #2 in The Financial Engineer's 2019 Financial Economics Rankings of economics and finance graduate programs.­ Overall scores for the rankings are based on several factors, including the program's acceptance rate, incoming students' undergraduate GPA, employment after graduation, and starting salary.­  The program earned a 2019 #26 ranking (#14 for Veterans) as a best graduate business program by U.S. News & World Report.­  Visit the Engler College of Business Ranking and Recognition page for additional information.  The MSFE is designed for students who want to improve their understanding of economics and finance, particularly those interested in or already working in:

  1. Finance institutions and finance departments in business and government;
  2. Policy-oriented and community service occupations in the private and public sectors;USNWR - MSFE (VETS)
  3. Economic and financial consulting and advising;
  4. Teaching at the high school, community college, or instructor level;
  5. Preparation for law school or doctorate programs in economics, finance, management, or marketing. The program's orientation toward application as opposed to theory enhances opportunities for graduates in a broad range of occupations and institutions.

­The 36 credit hour MSFE program is generally designed for completion within a two-year period, although a few students may complete the program sooner due to their individual needs. Courses can be completed on campus, via online instruction, or students have the option of combining course requirements by completing course in a combination of both campus and online instruction offerings.

In addition, look at the following if you would like to briefly get to know more about our graduate faculty or review faculty introductory videos to some of our graduate courses.

Receive Your Personalized Plan of Study: Please send a copy of your current resume and your unofficial transcripts today to receive your personalized Plan of Study. If your transcripts are from a foreign university, please send official evaluated transcripts via one of the listed Foreign Credential Evaluation Services, or contact the WTAMU International Student Office for more information regarding international student admissions.

The Master of Science in Finance and Economics (MSFE) degree program is also available completely online.

Full Admission Requirements

  1. Undergraduate grade point average (GPA) of 3.0 or higher
  2. While all applicants are welcome to take the GMAT exam, those with an UG GPA of 3.0 or higher may request to have this requirement waived by completing a GMAT Score Waiver Request Form and emailing it to gradbusprograms@wtamu.edu. Alternately, you may submit an Electronic GMAT Score Waiver Request Form.
  3. Official transcripts from all post-secondary institutions
  4. Three letters of recommendation (at least one letter must be a professional recommendation). The Paul and Virginia Engler College of Business Recommendation Letter Form is available for downloading.
  5. Resume showing career progress
  6. Statement of goals for pursuing a graduate business degree
  7. Proficiency in foundation business courses

Consideration may be provided for excellence in previous academic program, GMAT performance, career progression in
industry and/or in military service.

We recommend that you visit our MSFE Application Guide for details about how to apply to our program. The guide includes all of the links, email addresses, and street addresses that are relevant to the application process.

Degree Requirements

Students seeking a Master of Science in Finance and Economics degree must first establish proficiency in Economics, Finance, Accounting, and Statistics. This proficiency may be established by courses taken in an undergraduate program, by completing advanced standing examinations in these areas, or by taking the following courses: ECON 6300, FIN 6300, ACCT 6300, CIDM 6300.

M.S.F.E. Core Courses (21 graduate hours)

Theory of Households and Firms (select one)

­­­  ECON 6305: Seminar in Advanced Microeconomic Theory­­­
  ECON 6370: Economics of Health and Medical Care
­­­  ECON 6372: Current Issues in Industrial Organization
Monetary and Fiscal Policy (select one)
­­  ECON 6306: Seminar in Advanced Macroeconomic Theory
­­  ECON 6312: Seminar in Money and Banking
­­  ECON 6332: Problems in Government Finance and Fiscal Policy
Corporate Governance ­(select one)
­­  FIN 5311: Corporate Governance and Ethics
­­  FIN 6350: Seminar in Financial Planning
Corporate Finance­ (select one)
­­  FIN 6320: Seminar in Finance
­­  FIN 6370: Financial Management of Health Care
Asset Valuation ­(select one)
­­  FIN 5320: Investment
­­  FIN 5321: Portfolio Management
­­  FIN 6322: Security Analysis
International (select one)
­­  ECON 6341: Seminar in International Economics and Economic Development 
­­  FIN 5323: International Finance
­­  FIN 6323: Multinational Finance
Quantitative Analysis ­(select one)
­­  CIDM 6305: Quantitative Analysis in Business
  ECON 6308: Seminar in Data Analytics
­­  ECON 6320: Econometrics
­­  ECON 6362: Advanced Business Forecasting

Additional Requirements:

  • Nine­ semester hours of graduate elective courses in economics or ­finance or CIDM 6305 (excluding leveling courses ECON 6300 or FIN 6300).­
  • Six semester hours of graduate elective courses in economics (ECON), finance (FIN), accounting (ACCT), computer information & decision management (CIDM) or general business (BUSI), excluding leveling courses ACCT 6300, ECON 6300, FIN 6300, or CIDM 6300).­

Upon MSFE coursework completion, degree candidates are required to pass a­ comprehensive exam.­ 

To learn more about specific graduate course, please review the available course introductory videos.

Learning Objectives for the MSFE Program

Goal 1: Professional Communication:
1.1 Writing:­ Demonstrate capacity to employ written presentation channels to communicate finance and economics research results.
1.2 Oral Communication:­ Demonstrate capacity to employ oral presentation channels to communicate finance and economics research results.

Goal 2: Critical Thinking:
2.1 Critical Thinking: Demonstrate capacity to use finance and economic analytical tools to analyze complex problems and recommend feasible solutions.

Goal 3: Business Environment:
3.1 Business Ethics: Demonstrate capacity to recognize and evaluate ethical dimensions of financial decisions and effects on stakeholders.
3.2 Global Business Environment: Demonstrate knowledge of the issues involved in conducting business in a diverse, global environment.

Goal 4: Finance and Economics Integration:
4.1 Theoretical Integration: Demonstrate knowledge and understanding of advanced theoretical concepts in microeconomics, macroeconomics, and financial management.
4.2 Quantitative Integration: Demonstrate knowledge and understanding of advanced quantitative and statistical skills to solve finance and economic problems.

Programs Goals, Objectives, and Rubrics

MSFE Comprehensive Exam

The­ MSFE comprehensive exam will be offered the first Friday of finals at the end of each semester.­  The comprehensive examination covers MSFE goals 2, 3, and 4 with an explicit focus on objective 4.1 and an implicit focus on objectives 2.1, 3.1, 3.2, and 4.2.­­  Click on the learning objectives and study hints for exam assistance.­  Please contact Dr. Anne Macy for more information.

MSFE Program Faculty for 2017-2018

David Allen Ammerman - Ph.D., Kansas State University
Anne-Christine Barthel - Ph.D., University of Kansas
Liang Chen - Ph.D., University of Kentucky
De'Arno De'Armond - Ph.D., Texas Tech University
John Francois - Ph.D., University of Kansas
Eric Hoffmann - Ph.D., University of Kansas
Shan Lei - Ph.D., University of Missouri
Anne Macy - Ph.D., Texas Tech University
Ryan Mattson - Ph.D., University of Kansas
Neil Meredith - Ph.D., University of Georgia
James Owens - Ph.D, Harvard University
Rex Pjesky - Ph.D., University of Oklahoma
Nurul Raif - Ph.D., Louisiana State University
Bin Shao - Ph.D., University of Illinois
Oscar Solis - Ph.D., Texas Tech University
Brandli Stitzel - Ph.D., University of Oklahoma
Neil Terry - Ph.D, Texas Tech University
Huabing Wang - Ph.D., University of Alabama
Yafei Zhang - Ph.D., University of Iowa

­Contact Information

Paul and Virginia Engler College of Business
Office of Graduate Business Programs
Phone:  806.651.2500
Email:  gradbusprograms@wtamu.edu

For program specific or comprehensive examination questions, please contact: Dr. Anne Macy, professor of finance at amacy@wtamu.edu.