The finance major provides a broad-based, analytical program for students anticipating a career in the management of both large and small organizations. Finance provides a good background for students seeking general careers in business. Finance majors can elect to take courses in the following areas that prepare them for entry and advanced careers in:
- financial management of corporations
- management of financial institutions
- financial services
- real estate.
Requirements for the Major
In addition to university degree and business core requirements, students must complete 18 credit hours of upper-level finance courses beyond FIN 3403.
Required Courses (12 credit hours)
The following courses are required for all finance majors:
|FIN 4303||Financial Institutions and Markets||3|
|FIN 4414||Advanced Corporation Finance||3|
|FIN 4504||Principles of Investments||3|
|FIN 4443||Financial Policies and Strategies*||3|
*FIN 4443 is a capstone course that should be taken in the final semester of the major (or as close as possible).
Finance Electives (6 credit hours)
Finance electives can be selected from among those 3000- and 4000-level classes that have FIN, REE, and RMI prefixes. At least one elective must have an FIN prefix. Independent Study (FIN 4905) and Independent Research (FIN 4915) will not be accepted as credit toward the minimum degree requirements for a major in Finance.
What Kinds of Jobs are There for Finance Majors?
A career in finance can be both financially and intellectually rewarding. There is a wide variety of jobs where you can utilize your financial expertise. Most finance majors ultimately will find employment in banking, corporate finance, financial services, or investments.
Careers in banking offer many opportunities. One is in commercial lending, which involves working with business clients to analyze their financial statements and help them secure loans to expand their firms. Another possibility is in bank branch management where you would work with individual customers to supply a wide range of banking services. Still another option is in trust management, where you would help clients with estate problems and the management of their wealth.
Jobs in corporate finance give you the opportunity to help firms make decisions about what assets to acquire and how to finance them. As corporate finance specialist, you might also find yourself heavily involved in determining a firm's working capital position. With the development of many new corporate securities in recent years, there is a real need for people who understand the complexities of these instruments.
Financial services is a rapidly growing area where a wide variety of positions are available. Financial planners advise individuals and business clients on ways to accumulate wealth and help them in constructing appropriate portfolios and selecting individual investments. There are also many opportunities available in finance related sales which include stock brokerage, insurance, and real estate.
Career opportunities in investments typically follow one of two paths: security analysis or portfolio management. Security analysts usually work for brokerage firms, investment management firms, or maybe mutual fund management companies. They analyze different publicly held companies and make recommendations to their clients regarding the purchase of the bonds and stocks issued by those companies. Portfolio managers acquire securities to form portfolios that will meet their client's risk and return needs.