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Financial Management

Financial Management (Curriculum 837)

The objective of the Financial Management Curriculum is to prepare officers for business, financial, and analysis positions within the DoN and DoD. Financial Managers assist the DoN's decision-making processes at all levels by providing accurate, timely and relevant information and analysis. They are concerned with the optimal allocation of human, physical and financial resources to achieve the DoN's goals and objectives while assuring efficient and effective expenditure of public funds. Graduates of the Financial Management Curriculum will be prepared for assignment to positions in strategic planning, business analysis, financial analysis, budgeting, accounting, business and financial management, and internal control systems and auditing.

Graduate courses cover topics such as financial reporting standards, cost standards, cost analysis, budgeting and financial management, internal control, auditing, management planning and control systems, strategic resource management, quantitative techniques used in planning and control, system acquisition and program management, and the Planning Programming, Budgeting Execution System (PPBES) used within the Department of Defense.

Financial Management Energy Specialty (Curriculum 838)

As requested by the Secretary of the Navy, the NPS energy degree program is designed to enhance national security by reducing the demand for energy, expanding energy supply options, and considering energy consumption and the associated costs and logistics challenges in all decisions about military strategic planning, structuring, and equipping the force. To achieve these energy goals, the nation needs a cadre of energy professionals knowledgeable in energy science, technology, policy, management and analysis. This is the requirement that NPS’ energy programs, both graduate degree programs and academic certificates, were created to fill.

The Graduate School of Business & Public Policy offers an eighteen-month MBA in Financial Management with an energy focus. The Financial Management — Energy curriculum prepares officers for business, financial management, and analysis positions within the DoN and DoD, and provides an advanced education in energy-related problem solving.

Graduate courses cover topics such as energy economics, energy strategy and policy, financial reporting standards, cost standards, cost analysis, budgeting and financial management, internal control, auditing, management planning and control systems, strategic resource management, quantitative techniques used in planning and control, system acquisition and program management, and the Planning Programming, Budgeting Execution System (PPBES) used within the Department of Defense.

Graduates of the Financial Management — Energy curriculum will be prepared for assignment to positions in strategic planning, business analysis, financial analysis, budgeting, accounting, business and financial management, and internal control systems and auditing.

Conrad Scholar Program

The Conrad Scholar Program's objective is to enhance professional development opportunities for students and faculty, and conduct and direct research supportive of the Office of the Assistant Secretary of the Navy (Financial Management and Comptroller) in areas of resource management. Up to four top Financial Management M.B.A. students per graduating class are identified as potential Conrad Scholars and cleared to complete their theses. Their thesis topics are selected to address issues of importance to the Defense Department's financial management community and are approved by the program sponsor, the Director of the Office of Budget (FMB). The students brief their theses to the FMB and other interested members of the Operational Navy (OPNAV), Headquarters, Marine Corps (HQMC) and Secretariat staffs. Additionally, they may be asked to write an essay for publication based on their theses.

If Conrad Scholars have their essays published, it provides excellent exposure for their research. Numerous requests for copies of Conrad Scholar theses have resulted in extending the reach of their research and its value to the Department.

CAPT Henry J. Sanford, USN (Ret.), is the Conrad Chair in Financial Management at the Naval Postgraduate School; he was appointed in August 2011.

Conrad Chair: Henry (Hank) Sanford: hjsanfor@nps.edu

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