The major in Finance examines the role and operation of the financial sector of the economy in order to develop an understanding of the financial function in business and the management of assets and liabilities by both financial institutions and individuals. This major is intended to prepare students for professional positions with banking institutions, finance, departments of business enterprises, insurance companies, and investment companies.
Finance is a broad discipline that affects both organizations and personal life. Finance students study how various entities (individuals, businesses, and governments) raise money, select among investment alternatives and manage their resources. Finance students also gain understanding of financial markets. The major requires strong mathematical, computer and communications skills. A degree in finance can lead to a satisfying career.
The General / Managerial Financial Track introduces students to financial decision making which is rooted in financial theory and practice, recognizing the rapid changes in technology and world economic conditions. Financial Management as the broadest area of finance has the most job opportunities as it is important to all types of enterprises, both private and public. The role of the financial manager is that of a decision maker.
The Investment Track exposes students to the theory, concepts, and practices of portfolio management. Topics include investment principles, portfolio theory, equilibrium models, the empirical behavior of security prices, market efficiency, asset allocation, portfolio management strategies, valuing stocks, bonds and other investments, performance evaluation, and behavioral finance. You will have the most flexibility in choosing a financial career in: equity analyst, equity sales, financial markets analyst, fixed income/credit research and analyst, Investment/financial advisor, risk analyst, technical market analyst, mutual fund research, trader and investor relations.
Personal Financial Planning
The Personal Financial Planning Track would be appropriate for individuals who wish to work in the broad area of financial services. Such organizations include banks, insurance companies, brokerage companies and broad based financial planning organizations, e.g. Vanguard, American Express. Students who wish to gain fuller knowledge of their own financial affairs would find this track appealing as well.
Insurance and Risk Management
The Insurance and Risk Management track is specifically designed to provide Finance students a basic knowledge of the insurance industry and a basic understanding of the current academic and practitioner literature on financial risk management. In the Insurance and Risk Management track, students will explore the various functional areas of insurance company management including investment and financing policies as well pricing and underwriting activities. Students will also become familiar with the range of risks financial institutions, corporations and individuals are facing and learn how to measure and manage these risks. The Insurance and Risk Management track prepares students for careers in the financial services industry (insurance companies, banks, securities firms, and pension funds).