Questions
|
FIN 503 (Full-Time MBA)
FIN 551 (Eve MBA)
|
OMS 501
(Eve MBA)
|
OMS 502
(Full-Time MBA)
|
| How many times may I take the exam? |
Once |
Once |
Once |
| Can I bring any electronic devices (e.g.
calculator, laptop, Palm)? |
Financial calculator only. |
A calculator with square root, logs and
exponents only. Laptops, cell phones, PDAs, and Internet capable devices are
not allowed. |
A calculator with square root, logs and
exponents only. |
| 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 513
in Fall A 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:
- A good introductory statistics course and substantial statistical
experience at work
- Two or more 14 week courses in statistics; at least one course beyond
the introductory class.
|
In the past, students who
have had a good chance of passing the exam either had:
- A good introductory statistics course and substantial statistical
experience at work
- Two or more 14 week courses in statistics; at least one course beyond
the introductory class.
|
|
What will the exam cover? |
This exam will test you on
the fundamentals of Financial Management. The basic concepts that will be
covered are: Time Value of Money, Capital Budgeting, and Risk and Return. 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 |
|
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. |
|
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. |
|
Is there a practice exam? |
No |
No |
No |
|
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. |
