Academic Programs Catalog

The Eli Broad College of Business and The Eli Broad Graduate School of Management

Department of Finance

Undergraduate Programs

Finance encompasses business financial administration, management of financial institutions, investments, financial markets, and the management of risk. Business financial administration includes obtaining external funds in the money and capital markets, selecting and evaluating investment projects, coordinating the flow of funds from operations, and determining the benefits to be returned to suppliers of capital. An understanding of financial concepts and practices along with knowledge of the instruments and participants in the financial markets is vital to sound financial decision making.

The study of financial institutions involves analyzing the management of commercial banks, savings and loan associations, credit unions, insurance companies, and pension funds. The role of these institutions in the economy is examined. Financial policies and strategies in an increasingly competitive institutional marketplace are emphasized.

The field of investments involves the analysis and selection of securities with special emphasis on stocks and bonds. The role of these instruments in portfolios of individuals and financial institutions is explored.

Financial markets represent the environment within which corporations, financial institutions, and investors create financial assets and liabilities. The nature of the various financial instruments is examined, as well as market innovations and structural changes.

The finance major includes a course in intermediate accounting in addition to courses in finance. The program provides a valuable foundation for initial employment and continued career development in business administration. Employment opportunities exist with industrial firms, public utilities, commercial banks, insurance companies, brokerage firms, credit unions, savings and loan associations, and agencies of local, state, and federal government.

Requirements for the Bachelor of Arts Degree in Finance

  1. The graduation requirements of the University as described in the Undergraduate Education section of this catalog; 120 credits, including general elective credits, are required for the Bachelor of Arts degree in Finance.

    The completion of Mathematics 103 and 124 [referenced in item 2. below] may also satisfy the University mathematics requirement.

    The University's Tier II writing requirement for the Finance major is met by completing Finance  414.  That course is referenced in item 3. a. (1) below.
  2. The requirements of The Eli Broad College of Business for the Bachelor of Arts degree in the majors that comprise the Business Administration Programs.
  3. The following requirements for the major:
    a. Major Field of Concentration. A minimum grade-point average of 2.0 in the courses that are listed below.Students may elect to complete more than three of the courses that are listed in item 3. a. (2) below with the understanding that the grades earned in such courses will be included in the computation of the grade-point average of courses in the Major Field of Concentration.
    (1) All of the following courses (9 credits):
    ACC 305 Intermediate Accounting for Finance Majors 3
    FI 312 Introduction to Investments 3
    FI 414 Advanced Business Finance (W) 3
    (2) Three of the following courses (9 credits):
    FI 413 Management of Financial Institutions 3
    FI 451 International Financial Management 3
    FI 455 Computer Applications in Financial  Modeling 3
    FI 457 Security Analysis 3
    FI 473 Debt and Money Markets 3
    FI 478 Investment Strategies and Speculative Markets 3
    FI 491 Topics in Finance 3
    Students may reenroll in Finance 491 for a maximum of 9 credits.