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Department of Finance Department Mission StatementB.S. in Finance Distinction 2433 University Hall (UH) The Department of Finance is a major unit within the College of Business Administration, justified by the strong student demand for majoring and concentrating in finance. The department aspires to be a leader in the areas of the financial services industry that are centered in Chicago. This will be accomplished by research-oriented faculty emphasizing the most innovative and fastest developing areas of finance, including risk management, insurance, derivatives, real estate, banking, and global financial markets. The Department’s teaching mission will be accomplished by pursuing the following objectives:
The finance curriculum explores the principles of financial analysis and control of individual business firms. It applies these principles to financial management, the valuation and selection of securities, and the influence of the monetary and banking system on economic activity. To earn a Bachelor of Science in Finance degree from UIC, students need to complete University, college, and department degree requirements. The Department of Finance degree requirements are outlined below. Students should consult the College of Business Administration section for additional degree requirements and college academic policies. Finance majors should pass Finance 300 with a grade of C or better by the spring semester of their sophomore year in order to complete the department courses required for the major and to take advantage of the available career path groups listed below.
General Course Requirements See General Course Requirements in the College of Business Administration section for the list of courses needed to meet this requirement. Business Core See Business Core in the College of Business Administration section for the list of courses needed to meet this requirement. Major Requirements
Business Electives
Course Suggestions for Finance Careers Students may select courses based upon their interests and career goals. The finance electives shown below are grouped into logical career-path alternatives. Students may, however, elect any combination of business courses to fulfill the elective requirement. Corporate Financial Analysis This area is designed to introduce the student to the work of the financial officer of a company, who must be knowledgeable about financial statements, financial characteristics, and financial strategies of different types of firms.
Investment Management This area is an introduction to the theory and practice of managing investments. The professional investment manager must be aware of the vast range of investments that are now available in the modern economy, as well as the methods used to hedge risks.
Banking and Financial Markets This area traditionally was “money and banking,” but now banking and financial markets are far more elaborate and complex. The student is introduced to the structure and functions of the modern financial system. This area is a must for those interested in banking and related fields.
Global Finance This area is an introduction to the firm’s financial management in a global context. The central course is Finance 442, which covers the international monetary system, financial markets, management of foreign investments, and exchange risks.
Real Estate Real estate represents a significant portion of the assets held both by firms and by households. The area in real estate introduces the student to legal, economic, and financial aspects of real estate in the context of the Chicago metropolitan area.
Risk Management and Insurance This area is intended to prepare students for careers in the insurance industry or in areas of the financial industry that involve financial risk management.
See Sample Business Major Curriculum in the College of Business Administration section. See Academic Honors in the College of Business Administration section. |
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