Finance Major

Millions of Americans invest in mutual funds and individual stocks — millions more count on the dividends of retirement plans. Corporations raise and invest billions of dollars of capital annually. At the heart of it all are financial professionals, who analyze and maximize the value of investments for individual families as well as multinational firms.

  • Finance Courses
  • Learning Outcomes

FINA 3001. Introduction to Financial Management. 3 cr. hrs.

Principles and methods of corporate finance, valuation, analysis and management. Evaluation of business projects (capital budgeting) using financial criteria and different financing choices (capital structure) for these projects are reviewed. Introduction to the financial markets and both investment and financing instruments available to corporations and individuals. Emphasis placed on the framework and methodology involved in financial decision making. Prereq: BUAD 1560 or MANA 2028; ACCO 1031 which, may be taken concurrently.

FINA 3002. Introduction to Banking. 3 cr. hrs.

Introductory course in banking to help understand the basic foundations and nature of banking, how banks make money, the regulatory structure, current issues in banking, and overall value creation. Exposed to the various metrics and tools used to measure success in banking, as well as the current issues bankers face today. Structured to build a foundation for future study in banking leading towards internships. Prereq: ACCO 1030, ECON 1103, FINA 3001.

FINA 3986. Internship Work Period. 0 cr. hrs.

SNC/UNC grade assessment. Prereq: FINA 3001; cons. of prog. dir. and cons. of Business Career Center.

FINA 4001. Advanced Financial Management. 3 cr. hrs.

Extension of the development of the theory of financial management, including an examination of the relevant literature. Concentration will be on applications of financial management theory. Topics include working capital, capital budgeting, dividend policy issues, cost of capital, and principles of valuation. Required for finance specialization. Prereq: ACCO 1031, FINA 3001, BUAD 1060.

FINA 4002. Commercial Real Estate Finance. 3 cr. hrs.

Provide the student with an in-depth knowledge of real estate finance, real estate investment, and the operation of the real estate capital markets. The objective of the course is to understand the many sources and uses of capital in commercial real estate industry. The course begins with the mechanics of mortgage finance, followed by a detailed presentation of mortgage underwriting, lender ratios and discounted cash flow analysis. Prereq: FINA 3001.

FINA 4011. Investment Analysis. 3 cr. hrs.

A study of financial instruments such as stocks, bonds, convertibles, and options, and the markets in which they are traded. The primary concern of the course is with the decision process that evaluates the various investment opportunities. Prereq: ACCO 1031 and FINA 3001 and BUAD 1060.

FINA 4020. Financial Planning. 3 cr. hrs.

Introduction to the framework and tools for preparing personal financial plans as a career path in the financial services industry. Topics covered include major asset purchases, managing liabilities, determining insurance needs, developing investment portfolios, tax strategies, retirement plans, and estate planning. Course also covers professional ethical standards. Prereq: FINA 3001.

FINA 4040. International Finance. 3 cr. hrs.

This course looks at financial decision making in an international context. Global financial markets and foreign currency issues will be studied along with the international financing and capital investments. Prereq: FINA 3001.

FINA 4060. Introduction to Financial Derivatives. 3 cr. hrs.

This course will focus on the mechanics, pricing and use of financial derivatives, including futures contracts, options, swaps, collateralized securities, Treasury Bond, Eurodollar, and S&P 500 Index futures contracts will be discussed in detail. Stock options and index options also will be discussed. Important pricing models including Black-Scholes and the Binomial Option Pricing Model also will be discussed. Risk management using these instruments will be emphasized. Prereq: FINA 3001.

FINA 4065. Fixed Income Securities. 3 cr. hrs.

Focuses on the use of fixed income securities to fulfill investment requirements or accommodate corporate financing strategies. Coverage includes fixed income markets and the securities traded in those markets, techniques used to value fixed income securities, and derivative strategies using fixed income securities. Prereq: FINA 3001.

FINA 4070. Investment Management, Ethics and Society. 3 cr. hrs.

Examines the ethical and social responsible dilemmas that managers encounter in the investment management industry. Includes the professional standards for ethical behavior, corporate governance, accounting manipulation, and socially responsible investing. Prereq: FINA 3001.

FINA 4080. Entrepreneurial Finance. 3 cr. hrs.

Focuses on the financial aspects of entrepreneurship, from the first decision as to whether or not to undertake an activity, to projecting financial needs, reviewing the trade-offs between alternative financing choices, to harvesting. Topics will include but are not limited to: bootstrapping, the role of angel investors, private placements, venture capital, banking options, commercial financing, public offers (IPOs, PIPES), factoring, franchising, and joint ventures. Prereq: FINA 3001.

FINA 4081. Investment Banking. 3 cr. hrs.

Review of the common types of transactions that investment bankers work on and the different methods used to value those transactions. Some of these include IPOs, seasoned equity offerings, exchange offers, mergers, hostile tender offers, leverage buyouts, and going private transactions. Also exposes students to different methods used to value those transactions via applied projects, model building, cases, etc. Course may contain online teaching elements to supplement the in-class time. Prereq: FINA 3001 and FINA 4001.

FINA 4082. Alternative Investments. 3 cr. hrs.

Designed to help students understand the growing field of alternative investments. This course offers an in-depth study of the management of hedge funds and covers various alternative investments including commodities and managed futures, private equity, exchange traded funds (ETFs), real estate, and credit derivatives. Prereq: FINA 3001.

FINA 4112. Investment Management. 3 cr. hrs.

Extends the concepts introduced in FINA 4011. Topical coverage includes modern portfolio theory, options, futures and hedging techniques. Emphasis of course is on application of the concepts to investment strategies. Prereq: FINA 4011.

FINA 4210. Bank Leadership. 3 cr. hrs.

Overview of the primary leadership functions within a bank today. Exposed to primary decision-making committees within banks as well as the overall structure. Develops a working knowledge of all bank functions and the primary managerial roles which occur within a bank. Prereq: FINA 3002 and MANA 3001; Admitted to the Commercial Banking program.

FINA 4211. Bank Risk Management. 3 cr. hrs.

Designed to focus on risk management and risk evaluation process that banks face in executing the duties of banking. Exposed to the overall corporate governance structure that is used by financial institutions to determine the risks the institution faces, the magnitude of these risks and the appropriate actions taken to remediate risks and build the necessary controls. External organizations that are a party to the risk process are discussed, as well as, internal committees and structures recommended for the survivability of banks. Prereq: FINA 3002 and FINA 4210; Admitted to the Commercial Banking program.

FINA 4310. Introduction to Applied Investment Management. 3 cr. hrs.

First of four required Applied Investment Management program courses. Students study securities law, regulatory issues and the basic mechanics of investment research analysis. Students learn how to access and utilize a variety of sources of corporate and securities information to support investment research, including the Securities and Exchange Commission's database (EDGAR) of disclosure documents that public companies are required to file. Intended to prepare students for their full time summer investment internship. Class laboratory required. Prereq: FINA 3001; FINA 4011; ACCO 3001; accepted into the AIM program.

FINA 4320. Research and Financial Analysis. 3 cr. hrs.

This course provides students an understanding of various portfolio objectives and policies, as well as an appreciation of different investment strategies and styles. Building on the concepts learned in FINA 4011, students will apply their understanding of key investment tools-quantitative research methods, economic relationships, and financial statement analysis. During this course students will analyze and manage an equity and fixed income portfolio. Class laboratory required. Prereq: FINA 4310; and FINA 4001, which may be taken concurrently. Only open to students accepted into the AIM program.

FINA 4330. Valuation and Portfolio Management. 3 cr. hrs.

This third required course in the AIM program includes the common approaches to valuing assets, the basic measurements of risk and return, and the key elements of the portfolio management process. Students will continue to manage an investment portfolio, evaluate performance, and prepare reports on the results at the end of the semester. The course will also include a professional lecture series, where investment practitioners discuss their own investment philosophies, strategies, and experiences. Class laboratory required. Prereq: FINA 4320 and FINA 4112, which may be taken concurrently. Only open to students accepted into the AIM program.

FINA 4360. Applied Financial Modeling. 3 cr. hrs.

Provides the Excel modeling skills to apply the theories, concepts, and tools for effective financial analysis and decision-making. Students learn how to build their own interactive financial model “from scratch” to practice blending finance, accounting, and spreadsheet skills. Applications include In financial statement analysis, forecasting, stock and bond valuation, target capital structure estimation and capital budgeting. Emphasis is placed on the discounted cash-flow analysis as well as sensitivity analysis. Prereq: FINA 3001.

FINA 4370. Advanced Investment Management, Ethics and Society. 3 cr. hrs.

As the final course in the AIM program, students learn how to manage investments in a manner that is both ethical and socially responsible. Students acquire a thorough understanding of the Chartered Financial Analyst® professional standards of conduct in the application of ethics to the moral dimensions of money management. Students are also exposed to the strategies and performance of investment funds that are socially responsible. In doing so, students consider such issues as discrimination and affirmative action in the workplace, economic justice, and environmental impact, among others, in the evaluation of companies for inclusion in a socially responsible fund. Course may contain online teaching elements to supplement the in-class time. Prereq: FINA 4065 and FINA 4330, both of which maybe be taken concurrently; only open to students accepted into the AIM program.

FINA 4371. Private Equity, Ethics and Society. 3 cr. hrs.

Connects basic financial concepts with analytical skills in the evaluation of private equity opportunities. Valuation, capital structure and deal construction are evaluated through rigorous case study within the context of the moral and societal implications. Examines topics such as the United Nations-supported Principles for Responsible Investment, the potential implications on society of the leveraged buyout model, fairness of management compensation and the future of private equity in the domestic and international economy. Prereq: FINA 4310 and FINA 4081; enrollment in AIM program.

FINA 4931. Topics in Finance. 2-3 cr. hrs.

Topics will vary.

FINA 4953. Seminar in Finance. 3 cr. hrs.

Prereq: FINA 3001.

FINA 4986. Finance Internship - Grading Period. 3 cr. hrs.

S/U grade assessment. Prereq: FINA 3986; Jr. stndg., cons. of prog. dir. and cons. of Business Career Center.

FINA 4995. Independent Study in Finance. 1-4 cr. hrs.

Prereq: Cons. of dept. ch.

As one of many methods of assuring that the goals of our educational mission are successfully met, the college regularly and systematically engages in the assessment of a variety of competencies. As part of this assurance of learning, each program defines and collects data on learning goals; statements of the knowledge, skills and attitudes that we want our graduates to possess. We use them for continuous improvement and they are the criteria on which organizations such as AACSB evaluate our accreditation. The following is the current Learning Goal for the Finance Major along with the goals for the Undergraduate Business Core.

Perform an applied financial analysis in a business situation

Below are the specific learning outcomes assessed to help determine if students meet the above outcome.

Learning Outcomes

  • Apply the concept of time value of money
  • Apply principles of capital budgeting
  • Explain the determinants of a firm’s capital structure
  • Explain various risk measures and models of the relation between risk and return 
  • Explain the concept of market efficiency and its implications for securities’ returns
  • Apply the principles of portfolio theory

Undergraduate Business Core Learning Goals

  1. Apply effective written and oral communication skills to business situations.
  2. Analyze the global business environment.
  3. Analyze the local business environment.
  4. Use critical thinking skills in business situations.
  5. Apply an ethical understanding and perspective to business situations.

NOTE: One International Business Course is required (within or outside your major).

Additional business and non-business course requirements

In addition to the requirements for the major, all students in the College of Business Administration complete business core courses, the Marquette University core of common studies, and non-business electives.