Questions |
FIN 503 (Full-Time MBA)
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TO 501
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TO 502
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| How many times may I take the exam? | Once | Once | Once |
| Can I bring any electronic devices (e.g. calculator, laptop, Palm)? | Financial calculator and laptop. | A calculator with square root, logs and exponents only. Laptops, cell phones, PDAs, and Internet capable devices are not allowed. | A calculator is allowed. Laptops, cell phones, PDAs are not allowed. |
| Can I bring any notes or books? | No books allowed but you are allowed one 8x11 sheet of paper with notes on both sides. | No books and no notes. We will provide formulae and tables. | No books, but we will provide formulae and tables. |
| Do I need to pre-register for the exam? | No | No | No |
| Who should take the waiver exam? |
Full-Time MBA: You should think seriously before taking the waiver exam. Consider taking FIN 603 in Fall instead of waiving the core, FIN 503. You may want to take the waiver exam only if you have a strong academic background in finance and appropriate real world experience .
EVE MBA: You may consider taking the waiver exam if you have had a graduate-level finance course and two-to-three years of work experience in the finance field. |
In the past, students who have had a good chance of passing the exam either had:
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In the past, students who have had a good chance of passing the exam either had:
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What will the exam cover? |
This exam will test you on the fundamentals of Financial Management. The basic concepts that will be covered on the waiver exam are: Time Value of Money, Capital Budgeting, Risk and Return and Efficient Markets Hypothesis.. A good way to prepare for this exam is to review Chapters 1 through 15 of Corporate Finance by Ross, Westerfield, and Jaffee, 8th Edition. Please gauge your knowledge of the topics by doing as many problems as you can. | Constrained Optimization, Probability, Binomial and Normal Distributions, Decision Analysis, Descriptive Statistics, Inference, Hypothesis Testing, Correlation, Regression, Forecasting with Regression | Probability, Binomial and Normal Distributions, Descriptive Statistics, Inference, Hypothesis Testing, Correlation, Regression, Forecasting with Regression |
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May I waive the course because I have taken a similar course before, or because I would rather take something else? |
No, you must pass the waiver exam to waive the course. | No, you must pass the waiver exam to waive the course. | No, you must pass the waiver exam to waive the course. |
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Do I have to know EXCEL or any particular software package to pass this exam? |
No |
No. There will be statistical output on the exam. We will provide a brief summary of the meaning of regression output. |
No. There will be statistical output on the exam. We will provide a brief summary of the meaning of regression output. |
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Is there a practice exam? |
No | No | No |
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Is there a book I should study? |
A good way to prepare for this exam is to review Chapters 1 through 15 of Corporate Finance by Ross, Westerfield, and Jaffee, 8th Edition. Please gauge your knowledge of the topics by doing as many problems as you can. |
Most introductory texts are sufficient, including: Ken Black, Business Statistics; Wiley & Sons, Management Science(chapters on constrained optimization and linear, integer, and mixed programming); Powell & Black,Management Science |
D.F. Groebner, P.W. Shannon, P.C. Fry, and K.D. Smith, 7th edition,Business Statistics: A Decision Making Approach, Prentice Hall.
Or a textbook with equivalent coverage. |