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Columbia University Course/Program Name
Application closes on
National :23 Jan
International :23 Jan

MS Accounting and Fundamental Analysis

 Course Level
Masters / PG
Full Time

2 Years
 Start month

 Tuition fee

127644 USD
127644 USD

Application fee

International 100 USD
National 100 USD
Columbia Business School
Scores accepted
IELTS (min)7
TOEFL-IBT (min)100
TOEFL-PBT (min)600
GRE (avg)315
GMAT (avg)715

World University Ranking

About this course

The Masters of Science in Accounting and Fundamental Analysis is a three semester master’s degree program offered by the Accounting Division of Columbia Business School. The Program provides academically distinguished and industry-oriented students the opportunity to obtain a rigorous, graduate level training in Accounting, Fundamental Analysis, Statistics, Finance, and Economics . Students take a carefully constructed curriculum of Doctoral and MBA courses offered at Columbia Business School. The program has some overlap with our PhD program, but is intended for students who prefer a shorter and more industry-oriented experience than the School’s Doctoral Program.

The goal of the program is to provide students with the quantitative and theoretical tools for a successful career in Investment advisory, equity and credit analysis, and consulting.

Candidates should have academic preparation equivalent to that of entering PhD students, and should be fully prepared to participate in PhD classes and to complete a substantial research project. Applicants who may also be considering MBA or PhD programs are encouraged to carefully review the academic differentials between the offerings to better understand the preparation for post-MS opportunities.

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Eligibility Criteria

Columbia expects that a large majority of students will come from undergraduate business (accounting) or economics backgrounds and will have hence completed the basic financial accounting and managerial accounting core courses. Students who do not have formal coursework in accounting could also be admitted but would be expected to prepare for and pass exemption exams for these courses.


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Course Modules

Fundamental Analysis Kernel (5 Courses, 15 credits) with three courses chosen from the following four plus two PhD seminars


  • Earnings Quality and Fundamental Analysis (B8008)
  • Financial Statement Analysis and Valuation (B8009)
  • (PhD) Fundamental Analysis for Investors, Managers, and Entrepreneurs (B8010)
  • Accounting for Value (B8022)

The PhD seminars provide the training and exposure that are critical for students as they work on their MS thesis.

  • (The first PhD Seminar, on Valuation and Financial Statement Analysis (B9110) exposes students to empirical research in accounting as applied to valuation, fundamental analysis, and investing.
  • The second PhD Seminar is chosen from an advanced empirical research seminar or an accounting theory seminar.

Together, these courses make the MS candidates attractive to hedge funds, investment management firms, and consulting firms who seek quantitatively trained professionals well trained in the state of art in academic research.

Training in Statistics, Finance and Economics (3 Courses, 9 credits)

Students take two courses in statistics and econometrics. These courses could be the existing PhD level courses offered by the Decisions, Risk, and Organizations group in the Business School or equivalent courses elsewhere in the university.

Students also take a PhD level course in Economics or Finance offered by the Finance and Economics group of the business school.

Additional Electives (at least 2 Courses 6 credits)

Students take two additional elective in an allied discipline such as Economics or Finance or an additional PhD seminar in Accounting. Examples of relevant electives include

  • Capital Markets
  • Advanced Corporate Finance
  • An additional PhD seminar in Accounting, Finance or Economics

Course Sequence

The likely course sequence by semester will be as follows, subject to scheduling: 

Fall Semester (4 courses, 12 credits)

  • PhD Seminar on Valuation and Financial Statement Analysis (B9110)
  • One statistics or econometrics course
  • Two courses for the fundamental analysis kernel requirement

Spring Semester (4 courses, 12 credits)

  • One remaining course for the fundamental analysis kernel requirement
  • A PhD Seminar in Finance or Economics
  • The remaining statistics and econometrics requirement
  • Second PhD Seminar in Accounting Research

Summer Semester (2 courses, 6 credits) and thesis (3 credits)

  • Two additional elective courses
  • Thesis


All MS degree students will be required to complete a substantial research project under the supervision of a faculty member. They will get ideas for a research project from the PhD seminar courses and the skills to execute it from their statistics classes.

The thesis will be guided by faculty member who will assign a grade. The professor will meet at regular intervals with all MS students over the summer to discuss their ongoing research in a classroom environment.

The expectation is that students will submit their thesis and complete the program (possibly related to the thesis) at the end of the summer semester. However, students also have an option of a summer internship (possibly related to their thesis) delaying completion of course requirements to the following fall.

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How to Apply

Application Requirements 
The following materials must accompany the online application:

  • Transcripts
  • GPA
  • GMAT or GRE
  • International Applicants
  • Essays
  • Recommendations 

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