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Financial Management Coursework

1. To be awarded an undergraduate degree, students must:

  • Successfully complete all courses required in the major program, including:
  • General Education
  • Business or Professional Core
  • Major Area and Elective Courses
  • Technical transfer credit (for specific degree completion programs only)

2. Meet these grade point average (GPA) requirements:

  • All students must attain a minimum Franklin University cumulative GPA of 2.00
  • All students must attain a minimum GPA of 2.25 in the major area, and each major area course must be completed with a grade of “C” or better to count toward degree requirements

3. Complete the residency requirement

  • Students seeking a bachelor’s degree must complete a minimum of 30 credit hours at Franklin University to be eligible for a degree.
  • Students seeking an associate’s degree must earn 20 credit hours overall in residence at Franklin University to be eligible for a degree.

4. Complete the payment of all requisite tuition and fees

5. Not be under disciplinary dismissal due to academic dishonesty or a violation of the Student Code of Conduct

Program Chairs and Academic Advisors are available for consultation to provide information and guidance regarding the selection of courses, the accuracy of schedules, and the transfer process. However, students are responsible for understanding and meeting the degree requirements of their major program or degree and for planning schedules accordingly.

Overall Residency Requirements

Students seeking a bachelor’s degree must complete a minimum of 30 credit hours at Franklin University to be eligible for a degree. Students seeking an associate’s degree must earn 20 credit hours overall in residence at Franklin University to be eligible for a degree. 

Course Level Requirements

A student must have 40 credit hours overall that are equivalent to 300/400 level Franklin University courses for a bachelor’s degree. A student must have a minimum of 12 credit hours of courses that are equivalent to 200 level or above for an associate’s degree.

Business Core Requirements

Majors that have Business Core requirements are Accounting, Applied Management, Business Administration, Business Economics, Business Forensics, Energy Management, Entrepreneurship, Financial Management, Financial Planning, Forensic Accounting, Human Resources Management, Information Systems Auditing, Logistics Management, Management & Leadership, Marketing, Operations & Supply Chain Management, and Risk Management & Insurance. The Business Core is the foundation of the related academic disciplines appropriate for a baccalaureate degree in business. The purpose of the Business Core is to provide students with a conceptual understanding of organizations, how the functional areas interrelate to achieve organizational goals, and how to apply professional decision-making competencies and technical skills in today’s environment. After completing the Business Core, graduates will be able to:

  • analyze an organization’s accounting information in order to develop sound business decisions
  • identify and apply valuation models relevant to an organization’s financial decisions
  • identify the impact of forces influencing the major functional areas of business (e.g., ethical, legal, technological, economic, global and social)
  • apply marketing activities to the delivery of goods and services in business-to-business and business-to-consumer markets
  • apply interpersonal and resource management skills to enhance business success

Business Principles (BSAD 110) is a Business Core prerequisite. Transfer students with the equivalent of four business courses are not required to take Business Principles.

Major Area Requirements

A student must have 20 credit hours in the major area that are equivalent to 300/400 major level Franklin courses for a bachelor’s degree. A student must have 12 hours of major area courses that are equivalent to 200 level or above for an associate’s degree. A minimum 2.25 GPA is required in the major area for students enrolled in either the associate’s or bachelor’s degree programs, and each major course must be completed with a grade of “C” or better to count toward degree requirements.

Capstone Requirement

Every major has a capstone experience for which credit cannot be transferred into the University. This is a Franklin course designed to integrate and assess the learning outcomes specific to each major as a whole. This course should be taken as the last major course. If, given the academic scheduling process and the student’s projected graduation date, this is not possible, then the student should have Senior Standing (90 or more credit hours), plus the skill-based General Education courses (COMM, SPCH, WRIT, MATH, COMP), all business or professional core courses, and the capstone prerequisite courses.

Subsequent Degree Requirements

Students pursuing subsequent bachelor’s degrees must earn in residency at Franklin University a minimum of 30 credit hours at the 200 level or above, of which a minimum of 16 credit hours must be major area courses equivalent to 300/400 level courses.

Additional Degree Requirements

Students seeking an additional bachelor’s (or associate’s) degree must successfully complete a minimum of 30 credit hours (including the major requirements) beyond the first bachelor’s (or associate’s) degree. (See the “Subsequent Degree” section of the Academic Bulletin.)

Transfer Credit

Transfer credit and credit awarded on standardized exams, proficiency exams or portfolio credit awarded by another institution will not count toward the residency requirement at Franklin University. Credit awarded based on proficiency examination or portfolio evaluation conducted by Franklin University may apply as appropriate major area credit, but will not reduce the hours required toward the residency requirement.

We have some exciting news for students interested in our online programs! We are offering scholarships in the amount of $500 for the online Graduate Certificate Program and $750 for the online Master of Public Financial Management for qualified students who have applied and been admitted to the programs by June 1, 2018.

"The Masters of Public Financial Management program at the Martin School has more than exceeded my previous graduate studies experiences. The faculty have demonstrated a thorough expertise of the material and a genuine passion for instructing. The coursework, discussions, and texts have been personally challenging and professionally fulfilling. I have found the topics covered to be completely applicable to my current position in public finance and can envision how this new knowledge will directly benefit my current organization as well as any future organization I am a part of." - Andrew Wells, current student

The Master of Public Financial Management is designed to meet the current and expanding national demand for well-trained financial managers for public and non-profit organizations. Public institutions are faced with multiple challenges as they attempt to efficiently and effectively manage their finances and initiate new programs that are financially sustainable. The Martin School is among the top graduate programs in the nation in public financial management, and is one of very few offering an online MPFM degree program.

Like the PFM Graduate Certificate, the MPFM consists exclusively of online coursework, which will engage students weekly through assignments, readings, exams, and other activities with the same level of rigor of other traditional Master programs offered by the Martin School of Public Policy and Administration. Where the MPFM differs from the Graduate Certificate, however, is in its depth. This 36-credit hour degree program includes all of the courses found in the Graduate Certificate, plus an additional 24 credit hours focused on technical, central financial management questions.

How does this degree compare to our other offerings? If you are interested in both the certificate and the master program, we encourage you to check out this graphic to get a "bird's eye view" of the differences between the two. The MPFM differs from our MPP and MPA programs, though, in a couple of key ways:

  • The MPFM program will prepare students for advanced-careers in public financial management and analysis. The MPP program prepares students for a policy analyst or research career; the MPA prepares students for public management and administration positions.
  • The MPFM will offer advanced topics in public accounting, audit, municipal securities, public pensions/insurance, and other special topics in public finance, topics not included in the MPA or MPP programs.
  • The MPFM program will be offered completely online, allowing for non-traditional students and the flexibility of online coursework.Our MPA and MPP programs do not offer online classes; however, the majority of our MPA and MPP courses are in the evenings to accomodate working professionals living in the area.
Tuition and Fees

Like the Graduate Certificate program, all MPFM students will pay the in-state tuition rate, which is assessed per credit hour, in addition to semesterly fees. For the current tuition rate, visit the Registrar's website.

Prerequisites

For admission, students must meet all requirements of the University of Kentucky Graduate School, including a baccalureate degree from an accredited university. To be considered, potential MPFM students must submit a GRE/GMAT score, a biographical sketch, and three letters of recommendation through the Graduate School's online portal. For more information about applying, click here. Given the nature of the program, applicants are strongly encouraged to have some experience or education in accounting, however it is not a formal prerequisite.

The requirement to submit GRE or GMAT scores may be waived for students who are enrolled in the Graduate Certificate Program in Public Financial Management and have successfully completed 9 or more credit hours toward the ceritificate. The Director of Graduate Students shall make the recommendation for the waiver upon review of the student's performance in the Certificate Program.

Curriculum

The program can be completed in two years, including coursework throughout the summer between years one and two. Students take one 3-credit hour course at a time in 8-week sessions, with the exception of the first summer session, which is 4 weeks long. The culmination of the program is the Capstone Project, which is a self-selected research project centered on relevant policy questions.

It is important to note that the first year is identical to the Graduate Certificate program. If a student starts out in certificate track and would like to switch over to the Master's degree program, it is possible for the student to count those credit hours towards that degree. However, the application requirements differ between the Graduate Certificate and the MPFM; the interested student would have to meet those requirements; this would require the student to apply to and be accepted by the MPFM program in order to pursue that degree option.

Fall

(8 weeks)

Session 1

Fall

(8 weeks)

Session 2

Spring

(8 weeks)

Session 1

Spring

(8 weeks)

Session 2

Summer

(4 weeks)

Session 1

Summer

(8 weeks)

Session 2

Year 1

PA 631: Public Financial Management: Budgeting & Debt Management

PA 632: Public Funds Management

PA 625: Governmental Accounting and Financial Condition Analysis

PA 627: Governmental Auditing

PA 696: Legal Issues in Public Financial Management

PA 626: Applications in Governmental Accounting and Audit

Year 2

PA 683: Tax Policy

PA 695 Data and Revenue Forecasting

PA 633: Municipal SecuritiesPA 697: Special Topics in Public Financial ManagementPA 694: Public Pensions and InsurancePA 681: Capstone Project

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