Financial Economics — Accelerated Bachelor's to Master's Program


University of Detroit Mercy's College of Liberal Arts & Education combined bachelor's and master's degree programs will increase your knowledge and skills in financial economics as a full-time student for 10 semesters (5 academic years) before entering the workforce. This program features a Bachelor of Arts with a major in financial economics and a Master of Arts in Financial Economics.

Through Detroit Mercy's undergraduate curriculum, students focus on the academic study of economics as it applies to the realm of financial institutions and markets with a strong foundation in the theory and application of financial economic principles. Within the context of a liberal arts education, the program provides the fundamental knowledge and understanding of the principles, theories, history and institutions of an economy and the dynamics of domestic international financial developments. The program also prepares the students to think critically and to evaluate the moral and ethical issues that the students would encounter in the realm of financial markets.

From there, the graduate program focuses on the study of economic theories and financial principles pertaining/relevant to the workings of the U.S. and international financial institutions and systems. The program also provides a deeper knowledge and understanding of the history, institutions and evolution of the world’s financial interactions.

To obtain both the undergraduate degree and graduate degree of this accelerated program, the student must fulfill the requirements of undergraduate degree by completing the University core curriculum, the requirements for the undergraduate major, and a minimum of 126 credit hours AND fulfill the requirements of the graduate program and the 30 credit hours of the degree. Both graduate and undergraduate requirements total a minimum of 156 credit hours.

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    Admission to the Program

    Qualifications for the accelerated programs for new freshmen are:

    • Enter the accelerated/5-year option as a full-time incoming freshman;
    • Have a high school ACT composite score of 24, with a minimum of 22 in each section;
    • Have a high school grade point average of 3.4 overall on a 4.0 point scale; and
    • Place into appropriate-level freshmen math and writing courses at University of Detroit Mercy.

    Qualifications for the accelerated programs for juniors and transfer students are:

    • Receive program and Dean's Office approval;
    • Can transfer in up to first term as a junior;
    • Have a minimum GPA of 3.25; and
    • Have a minimum of 72 credits.

    Program Requirements

    • Must maintain full-time status throughout undergraduate and graduate segments
    • All undergraduate and graduate requirements must be met
    • May take up to four graduate classes in the senior year
    • May experience different financial aid packages for onsite and online graduate programs

    How it Works—Save Time and Money

    The student pays full-time undergraduate tuition during the first four years and regular graduate tuition for the fifth year. One economic benefit to the student is that the cost of the first 12 graduate credits (2 courses in the Fall and 2 courses in the Winter) has been covered by the normal undergraduate tuition meaning that no additional costs are incurred in the fourth-year-full-time tuition rate. Since the graduate program will be reduced by the 4 graduate courses taken while an undergraduate student, the graduate program can be done faster and more economically. Certain financial aid benefits are also applied to the entire 5-year program usually resulting in more cost-savings.

    The student MUST maintain full-time status during the first three years. Depending on the program and the student’s incoming record such as AP Credits, full-time status usually means 15-18 credit-hours per semester. This will result in the student having 102-108 credits entering the senior year. During the senior year, the student must remain full-time, finishing their undergraduate degree while taking up to 12 credits of graduate work. A maximum of 12 graduate credits are allowed in the undergraduate portion of the program (6 credits in fall and 6 in winter). For freshmen, this program MUST be completed in five years from start to finish. If the student does not finish within the five years, then the program reverts to the costs associated with earning a master's degree outside of the five-year program and other financial aid benefits may be lost. Students who transfer into the program MUST maintain full-time status until the completion of the program.


    Degree Information

    For specific information on each degree, please refer to the catalog entry:


    Sample 5-Year Program

    (Note: Full-time status must be maintained in all semesters)

    • First Year: 36 undergraduate credits
    • Second Year: 36 undergraduate credits
    • Third Year: 36 undergraduate credits
    • Fourth Year:
      • First Semester: 9-12 undergraduate credits, 6 graduate credits
      • Second Semester: 9-12 undergraduate credits, 6 graduate credits
    • Fifth Year
      • First Semester: 9-12 graduate credits (depending on program)
      • Second Semester: 9-12 graduate credits (depending on program)

Department Chair: Raphael Shen, S.J., Ph.D.
Briggs Building, Room 315
McNichols Campus

Telephone: 313-993-1738
Fax: 313-993-1166