Curriculum in Finance
For the Degree of Bachelor of Science in Finance
The field of finance is primarily concerned with the acquisition and management of funds by business firms, governments, and individuals. A business seeks financial advice when considering the purchase of new equipment, the expansion of present facilities, or the raising of additional funds. Determining the value of financial and real assets and derivatives is a key activity in finance.
As 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, investments, government finance, insurance, and real estate.
| Hours | Required Courses |
|---|---|
| 3 | FIN 300–Financial Markets (Prerequisite: FIN 221 Corporate Finance; CS 105 or electronic spreadsheet competency) |
| 9 | Three additional finance courses must be taken. Any finance course except FIN 199 is eligible to satisfy this requirement. See Career Tracks below, or talk to an adviser for other options. |
| 3 | Major elective. Choose one of the following: |
ACCY 301–Accounting Measurement & Disclosure (Prerequisite: ACCY 202) |
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ACCY 302–Decision Making for Accountancy (Prerequisite: ACCY 202) |
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ACCY 303–Accounting Institutions and Regulation (Prerequisite: ACCY 301 or consent of instructor) |
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ACCY 304–Accounting Control Systems (Prerequisite: ACCY 301 and 302 or consent of instructor) |
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ACCY 312–Taxation Rules and Regulations (Prerequisite: ACCY 202) |
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ACE 328 -- Commodity Futures and Options Markets |
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BADM 374 -- Management Decision Models (Prerequisite: ECON 202 or consent of instructor) |
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CEE 320–Construction Engineering (Prerequisite: CEE 201; credit or concurrent registration in CS 101 and CEE 202) |
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Economics: any 200 to 400-level course excluding ECON 302 which is a business core course, |
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GE 330 -- OR Meth for Profit & Value Engr or GE 400 -- Engineering Law |
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GEOG 483–Urban Geography |
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Mathematics or statistics: any course above the minimum mathematics or statistics requirement of the college with the exception of MATH 225. |
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Other courses as recommended by the Department of Finance faculty and approved by the Department of Finance chairperson. |
Advising Notes
-Courses taken to fulfill major requirements may not be taken on a credit-no credit basis.
-It is recommended that finance majors take twelve to fifteen hours of accounting. ACCY 201 and 202 are required. However, many employers look favorably upon additional accounting courses. It is possible to earn enough hours to take the CPA exam. For those interested in financial reporting, we suggest ACCY 301 as the next course of choice; should you wish to take additional courses beyond ACCY 301, we would recommend ACCY 303.. For those interested in managerial control and decision making, we would recommend ACCY 301 and 302, followed by ACCY 304, followed by ACCY 312.
-Career tracks: No specific courses are required. It is possible, though, to select courses to match areas of interest. Possible combinations include:
- Corporate finance: FIN 461 -- Financial Intermediation, 321--
Advanced Corporate Finance , 422
-- Cases in Corporate Finance, 423 -- Financing Emerging Businesses and 45 1 -- International Financial Markets: ACCY 301/303 or 301/302/304, 312; B ADM 374--Management Decision Models - Investments: FIN 311 -- Investments , 412 -- Options and Futures Markets , 413 -- Financial Engineering , 445 -- Real Estate Investment , 321 -- Advanced Corporate Finance or 422 -- Cases in Corporate Finance , 461 -- Financial Intermediation or 451 -- Intl Financial Markets ; ACCY 301, 303, 312; ECON 303 -- Intermediate Macroeconomic Theory
- Financial institutions and markets: FIN 461 -- Financial Intermediation , 321 -- Advanced Corporate Finance, 432 --- Managing Financial Risk for Insurers, 311 -- Investments, 451 -- Intl Financial Markets , 446 -- Real Estate Financial Markets ; ACCY 301, 303, 312; ECON 311 -- Introduction to Public Finance , 303 -- Intermediate Macroeconomic Theory, 440 -- Economic of Labor Markets, 421 -- Cont Issues in Intl Econ or 451 -- Transition Economies
- Insurance and risk management: FIN ,230 -- Introduction to Insurance , 321 -- Advanced Corporate Finance ; BADM -- 403 Principles of Business Law or 374 -- Management Decision Models ; ECON 311 --- Introduction to Public Finance , 303 -- Intermediate Macroeconomic Theory , 471 --- Intro to Applied Econometrics
- Real estate and urban economics: FIN 443 -- Legal Issues in Real Estate 431 -- Property-Liability Insurance ,443 --- Legal Issues in Real Estate , 444 -- Urban Real Estate Valuation , 445 -- Real Estate Investment, 446 -- Real Estate Financial Markets ; ACCY 312, ARCH 401 -- Independent Study , CEE 320 --- Construction Engineering , GEOG 483 -- Urban Geography
-Typical seasonal offerings:
- Fall: FIN 230, 444, 414, 443
- Spring: FIN 431, 432, 445, 446
- Once a year (semester depends on faculty availability): FIN, 345, 360, 372
Teacher Education Minor in Economics
| Hours | Required Courses |
|---|---|
| Consult with the College of Liberal Arts and Sciences and the College of Education for information about this minor. | |
| 4-6 | ECON 102 and 103 (or ECON 101) |
| 6 | ECON 302 and 303 |
| 3 | ECON 202 or equivalent work in statistics (ECON 203 is recommended but not required) |
| 12 | Twelve additional hours in economics. Choose at least one course in each of the following areas: |
| History, History of Thought, Comparative Systems | |
3 ECON 331–American Economic History |
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3 ECON 332–European Economic History |
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3 ECON 333–History of Economic Thought |
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3 ECON 451–Transition Economies |
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3 ECON 356–The Economy of China |
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| Public Sector, Labor | |
3 ECON 311 –Introduction to Public Finance |
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3 ECON 340–Labor Problems |
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3 ECON 342–Women in the Labor Market |
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ECON 462 –Macroeconomic Policy |
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3 ECON 411–Public Sector Economics |
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3 ECON 412–The Economics of Poverty and Income Maintenance |
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3 ECON 440–Economics of Labor Markets |
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3 ECON 343–Unions, Bargaining, and Public Policy |
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3 ECON 441–Economics of Human Resources |
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3 ECON 414–Urban Economics |
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3 ECON 480–Industrial Competition and Monopoly |
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3 ECON 481–Government Regulation of Economic Activity |
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3 ECON 482–Health Economics |
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3 ECON 484–Law and Economics |
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| International, Development | |
3 ECON 420 International Economics |
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3 ECON 421–Contemporary Issues in the International Economy |
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3 ECON 450–Development Economics |
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3 ECON 351–Economic Development in Japan |
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3 ECON 452–The Latin American Economies |
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| 27 | Minimum total1 |
1. Minimum of 25 hours if ECON 101 is taken.
Minor in Technology and Management
Successful management of technology-driven businesses today requires that employees work effectively in interdisciplinary teams. Team-based project management requires that each member of the team contribute not only in his or her own area of expertise but in other aspects of the project as well. The better equipped a new employee is to reach this level of competency quickly, the more valuable will be his or her contributions. Moreover, an employee having such competency will be better prepared to assume positions of increased responsibility and challenge.
Through the Minor in Technology and Management, undergraduate students in the College of Business along with students from the College of Engineering are enabled to acquire a thorough foundation in their major course of study and a comprehensive understanding of the fundamental elements of a cross discipline. The course of study leading to a minor in technology and management for students in the College of Business is outlined below.
| Hours | Required Courses |
|---|---|
| 3 | MSE 101-- Materials in Today's World |
| 3 | TAM 201-- Introduction to Mechanics for Technology Management |
| 3 | ECE 317-- Introduction to Electrical and Computer Engineering for Technology Management |
| 3 | BADM 367 (TMGT 367)-- Management of Innovation and Technology |
| 3 | BADM 366 (TMGT 366)-- New Product Development |
| 3 | BADM 460 (TMGT 460)-- Business Process Modeling |
| 4 | BADM 461 (TMGT 461)-- Integrated Project |
Throughout the program, emphasis is placed on an interdisciplinary team approach to the development of comprehensive solutions to real-world problems. In many cases the problems are provided by industry sponsors who, along with business and engineering faculty advisors, provide assistance and guidance to student teams.
Students who wish to pursue this minor must apply for admission to the Technology and Management Program in the spring semester preceding their sophomore or junior year. Enrollment in the minor is limited and admission is usually competitive. Students who wish to apply must provide a letter of interest, a transcript of grades, and a statement of career goals to one of the following program co-directors: Professor George E. Monahan, College of Business, 350 Wohlers Hall, MC-706, telephone (217) 333-8270, e-mail gmonahan@uiuc.edu; or Professor Russ Jamison, College of Engineering, 210 Metallurgy and Mining Building, MC-246, telephone (217) 265-8048, e-mail rjamison@uiuc.edu. Direct general inquiries to the program administrator, telephone (217) 244-5752, e-mail tec-mgmt@uiuc.edu.