The field of finance is primarily concerned with the acquisition
and management of funds by business firms, governments, and
individuals. A new business, for example, must secure sufficient funds
to initiate and maintain operations until the cash flow from sales is
great enough to maintain capital requirements. An established business
seeks financial advice when considering the purchase of new equipment,
the selection of a new plant location, or the expansion of present
facilities. Business policy decisions that result in changes in the
capital structure of the business are of special importance to
finance.
A student who majors in finance may specialize in finance,
investment, and financial institutions and markets; insurance and risk
management; or real estate and urban land economics.
The study of finance is designed to provide the student with both
the theoretical background and the analytical tools required to make
effective judgments in finance. Many students select careers in
business financial management, commercial and investment banking,
government finance, insurance, and real estate.
One of the following concentrations is required for the degree:
| HOURS | REQUIRED COURSE |
|---|---|
| 3 | FIN 254--Corporate Finance |
| Then one of the following areas: | |
| HOURS | BUSINESS FINANCE, INVESTMENTS, AND FINANCIAL INSTITUTIONS AND MARKETS |
| Choose four from the following: | |
| 3 | FIN 300--Financial Markets |
| 3 | FIN 301--Financial Intermediaries |
| 3 | FIN 321--Advanced Corporate Finance |
| 3 | FIN 322--Case Studies in Corporate Finance |
| 3 | FIN 323--International Corporate Finance |
| 3 | FIN 324--Financing Emerging Businesses |
| 3 | FIN 361--Investments |
| 3 | FIN 362--Options and Futures Markets |
| 3 | FIN 364--International Financial Markets |
| 3 | FIN 372--Financial Engineering |
| Choose one from: | |
| 3 | ACCY 211--Intermediate Accounting, I |
| 3 | ACCY 221--Cost Accounting |
| 3 | B ADM 274--Operations Research |
| 3 | B ADM 320--Marketing Research |
| 3 | B ADM 337--Promotion Management |
| 2-4 | Any ECON course numbered 200 or higher, excluding ECON 300 |
| HOURS | INSURANCE AND RISK MANAGEMENT |
| 3 | FIN 260--Introduction to Insurance |
| Choose four from: | |
| 3 | FIN 262--Wealth Management and Life Insurance |
| 3 | FIN 341--Property-Liability Insurance |
| 3 | FIN 343--Financial Risk Management |
| 3 | FIN 345--Corporate Risk Management |
| 3 | FIN 360--Employee Benefit Plans |
| Choose one from: | |
| 3 | ACCY 251--Basic Federal Income Tax Accounting |
| 3 | ECON 301--Intermediate Macroeconimc Theory |
| 3 | ECON 315--The Economics of Poverty and Income Maintenance |
| 2-4 | 300-level economics course |
| 2-4 | FIN 294--Senior Research |
| 2-4 | FIN 295--Senior Research |
| 4 | MATH 371--Actuarial Theory, I |
| 3 | MATH 372--Actuarial Theory, II |
| HOURS | REAL ESTATE AND URBAN ECONOMICS |
| 3 | FIN 264 see footnote 1 --Fundamentals of Real Estate |
| Choose four from: | |
| 3 | FIN 382--Urban Real Estate Valuation |
| 3 | FIN 384--Real Estate Investment |
| 3 | FIN 386--Urban Economics |
| 3 | FIN 388--Real Estate Financial Markets |
| 3 | FIN 390--Legal Environment of Real Estate |
| Choose one from: | |
| 3 | ACCY 251--Basic Federal Income Tax Accounting |
| 3 | AG EC 312--Rural Real Estate Appraisal |
| 3 | C E 318--Construction Cost Analyses and Estimates |
| 3 | ECON 360--Regional Economics |
| 3 | FIN 341--Property-Liability Insurance |
| 3 | GEOG 366--Location of Industry and Other Economic Activities |
| 3 | GEOG 383--Urban Geography |
| Urban and Regional Planning see footnote 2 |
Courses used to fill major requirements may not be taken on the credit-no credit option.
Footnotes: 1. FIN 264 will satisfy the education requirements
for the salesperson's license examination. Any two of the following
courses will satisfy the additional education requirements for the
broker's license examination (for students who have had an active
salesperson's license for one year):
FIN 382,
FIN 384,
FIN 386,
FIN 388,
FIN 390,
AG EC 312.
footnote 2. Courses in urban and regional planning may be taken with
the consent of the Department of Finance and the Department of Urban
and Regional Planning.