FINANCE

Whether your interests include corporate finance, real estate, or investments, the Finance major in the School of Business at FMU is your destination. The faculty brings a depth of real world experience from backgrounds in industry, government, and consulting. The study of finance will help you develop the skills needed not only to make the decisions important to business, but also teach you why those decisions are important to the company, the stockholders and the stakeholders.

Small class sizes give you an opportunity for individual attention to help you succeed. The Finance major at FMU provides an outstanding learning environment and the knowledge necessary to help you be successful in a career in business or finance.

In today’s highly competitive environment, businesses are seeking business solutions. Our finance graduates pursue graduate study (MBA and Ph.D.), as well developing successful careers in business and government.

B.B.A. with Major in Finance (123 hours)

1. Completion of the B.B.A. Common Requirements – 102 hours

2. FIN 301, 344, 347, 442, and 443 – 15 hours

3. ECON 321 – 3 hours

4. One of FIN 366 or 348 – 3 hours

Collateral in Finance (12 hours)

1. Four from FIN 344, 366, 347, 348, 442, or 443 – 12 hours

Course Descriptions

246 - Investments and Personal Finance

Prerequisite: None
Offered: As needed
Credits: 3 hrs.

Examines investment alternatives available to the individual. Insurance programs, real estate, and securities. Emphasis on the analysis of securities and the operation of the securities market.

301 - Finance Fundamentals

Prerequisite: None
Offered: Fall, Spring, Summer
Credits: 3 hrs.

Sources of personal income, saving and consumer spending patterns. Development of techniques for planning and budgeting consumption expenditures and saving, with special emphasis on the use of saving allocations to achieve personal goals; real property, insurance, financial investment, retirement, estate and tax planning, time value of money, and applied statistics.

341 - Financial Management

Prerequisite: MATH 134, ACTG 201, ACTG 202
Offered: Fall, Spring, Summer
Credits: 3 hrs.

Study of the financial functions of economic entities including financial analysis, financial planning, current assets management, capital budgeting, obtaining funds from the capital markets, and international finance. Computer applications.

344 - Intro to Real Estate

Prerequisite: None
Offered: Fall, Spring
Credits: 3 hrs.

Study of basic real estate principles, including land economics and use, property evaluation and appraisal; and the legal, regulatory, and financial aspects of property sales, ownership, and management.

347 - Investments I

Prerequisite: 341
Offered: Fall, Summer
Credits: 3 hrs.

Topics include an introduction to various securities markets and instruments, investment media, and applications. Quantitative methods, including computerized techniques, are applied to risk-return, growth, and valuation analysis. Modern Portfolio Theory is applied.

348 - Investments II

Prerequisite: 347
Offered: Spring
Credits: 3 hrs.

This course will provide the student with the skills necessary to evaluate stocks, bonds, mutual funds, derivative securities and/or other securities and their impact on the investor’s portfolio.

366 - Real Estate

Prerequisite: 341
Offered: Spring
Credits: 3 hrs.

This course covers the aspects of owning and using real estate. The course examines the bundle of rights associated with real estate and the transfer of those rights. It focuses on legal instruments, real estate brokerage, financing methods and sources, and investment analysis. This course is useful to individuals seeking to take the salesperson or broker exam.

442 - Advanced Corporate Finance

Prerequisite: 341
Offered: Fall
Credits: 3 hrs.

Study of advanced financial problems encountered by a firm in investments, in management of assets, in obtaining of funds, and in special situations.

443 - Financial Markets

Prerequisite: 347, ECON 321
Offered: Spring, Summer
Credits: 3 hrs.

The application of financial principles to financial markets and institutions. It addresses key financial markets, such as the money, bond, stock, mortgage, and options markets, along with the financial institutions that facilitate these markets.

450 - Cash Management

Prerequisite: Admission into the School of Business or permission of school
Offered: Spring
Credits: 3 hrs.

Designed to further the study of the financial management of a firm’s current assets and current liabilities, this course completes the fundamental knowledge and skills required to be a cash manager in a modern business. Completion of this course is one of the requirements for a student to participate in the Certified Cash Management Associate Program.

451 - Healthcare Finance

Prerequisite: Admission to the HCA program
Offered: Summer
Credits: 3 hrs. (Cross-listed as IPHC 451)

This course will introduce and prepare students to manage the finances of a healthcare organization. Students will be exposed to financial statements and their analysis, time value of money and its use in decision making, and capital budgeting and its use in the ongoing financial process of the organization. The course will also cover topics designed to determine the viability of projects. This course does not count toward the Bachelor of Business Administration (B.B.A.) degree.

497 - Special Studies

Prerequisite: Permission of school
Offered: As needed
Credits: Varies

Open only to juniors or seniors with a grade point average of 3.0 or higher in their major courses. A maximum of three semester hours may be earned. All individual research projects are reviewed by three faculty members from two different disciplines. May be taken for credit (three hours) towards the Honors degree by special arrangement.

Finance Major Flowchart

Quick Facts: Finance Managers

2015 Median Pay

$117,990 per year

$56.73 per hour


Typical Entry-Level Education

Bachelor’s degree

Work Experience in a Related Occupation

5 years or more


On-the-job Training

None


Number of Jobs, 2014

555,900

Source: Bureau of Labor Statistics (http://www.bls.gov/ooh/management/financial-managers.htm)