The newly-developed Master of Science degree track in business journalism is offered jointly by the SJMC and FIU's College of Business Administration and combines courses in advanced investigative reporting with basic business courses. The track requires a total of 36 credit hours and can be completed in 20 months of part time study, including one intensive weekend of instruction monthly. Some classes can be taken online.

Courses from the SJMC include advanced print reporting, advanced public affairs reporting, investigative reporting techniques and computer-assisted reporting. Courses from the College of Business Administration include basic accounting, corporate finance and financial analysis. In addition, the program requires one elective course in international business. Each student must also produce a professional project - either a paper or a series of articles on a subject that reflects the student's area of concentration.

The program addresses the educational needs of three types of professionals: experienced reporters and editors looking for a specialty that will help them earn better assignments and help accelerate their professional advancement; reporters and editors already covering business who want to expand their knowledge and add the skills necessary to do investigations in subjects like free trade, corporate corruption or the changing American economy; and business, government or non-profit professionals with special subject-matter expertise who yearn for a career investigating, analyzing and writing for publications - possibly as a career change.