The Vanderbilt Master of Science in Finance (MSF) is a ten-month, on-campus degree offering a fast track to a wide array of career possibilities. You might be wondering, “Is a masters in finance worth the time and money?” The MS Finance degree teaches you the technical skills you’ll need to be successful in corporate finance, investment banking, sales and trading, asset management, real estate, consulting, investment research and more. At Vanderbilt, this degree comes with a small-by-design approach to learning and flexible MBA-level finance curriculum that enables you to tailor your studies around your interests and career goals. You also get one-on-one career coaching and leadership development. You’ll learn finance from professors like Bob Whaley, Craig Lewis and Bill Christie, each of whom have made a notable impact on the world of finance. And like many of our students, you may qualify for a merit-based scholarship to help with the
THE MONEY MASTERS
BASEL I. In 1988 a faceless, un-elected group of bankers met in Basel, Switzerland at the Bank for International Settlements (“BIS”) – the “Central Banker’s bank” which even Swiss authorities may not enter – and in their “Basel I accords” agreed to a set of minimum capital requirements (8%) for banks. This was a number fine for some banks, but higher than what was in place for France and especially Japanese banks. To raise more capital to reach the 8% level, French and Japanese banks had to reduce loans, causing a recession in France and a depression in Japan, one from which Japan has never fully recovered.
BASEL II. In 2004, the same group met and agreed to Basel II (“The Return of Basel I”)– which required banks to value their capital based on market values, or “mark-to-the-market.” These rules were approved for the US on November