Department Mission Statement
BS in Finance

Distinction

 

2429 University Hall (UH)
(312) 996-2980
http://www.uic.edu/cba/cba-depts/finance/
Administration: Head, Robert S. Chirinko
Administrative Assistant, Debbie R. Reed
Undergraduate Programs, 1118 UH

 


 

Department Mission Statement

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:

  • Provide strong professional training for careers in finance.
  • Be the primary source of undergraduate students to the financial services industry in the Chicago area.
  • Expand the department’s MBA course offerings in recognition of being the preeminent concentration in that curriculum.
  • Introduce curriculum specializations, primarily at the undergraduate level, designed for specific areas of the financial services industry such as global finance, derivatives, risk management, insurance, real estate, government finance, banking, and portfolio strategy.
  • Use contemporary information technology in the learning process.
  • Draw upon other departments for interdisciplinary teaching areas, including accounting, information technology, and actuarial science.

 

BS in Finance

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.

Degree Requirements

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.

BS in Finance Degree Requirements
Hours
General Course Requirements
60
Business Core
33
Major Requirements
18
Business Electives
9
Total Hours—BS in Finance
120

 

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

Courses
Hours
FIN 310—Investments
3
FIN 320—Managerial Finance
3
Twelve additional hours of 300- or 400-level courses in the Department of Finance. See lists below for career path suggestions.
12
Total Hours—Major Requirements
18


Business Electives

Courses
Hours
Nine hours at the 200-, 300-, or 400-level chosen from courses in the College of Business Administration with a maximum of three hours at the 200-level. See lists below for career path suggestions.
9
Total Hours—Business Electives
9

 

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.

Courses
Hours
FIN 444—Small Business Finance
3
FIN 495—Competitive Strategy Business Core Requirement
4
ACTG 315—Intermediate Financial Accounting I
(Business Elective)
3
ACTG 316—Intermediate Financial Accounting II
(Business Elective)
3

 

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.

Courses
Hours
FIN 412—Portfolio Management
3
FIN 415—Fixed Income Securities
3
FIN 416—Options and Futures Markets
3
FIN 431—Theory and Structure of Financial Markets
3
FIN 494—Special Topics in Finance: Theory and
Structure of Contract Exchanges
3
FIN 494—Special Topics in Finance: Investment
Banking
3

 

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.

Courses
Hours
FIN 415—Fixed Income Securities
3
FIN 430—Introduction to Money and Banking
3
FIN 431—Theory and Structure of Financial Markets
3
FIN 494—Special Topics in Finance: Investment Banking
3
ECON 339—Monetary Theory (Business Elective)
3

 

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.


Courses
Hours
FIN 415—Fixed Income Securities
3
FIN 416—Options and Futures Markets
3
FIN 442—International Finance
3
FIN 494—Special Topics in Finance: Theory and Structure of Contract Exchanges
3
ACTG 484—International Accounting (Business Elective)
3
ECON 333—International Economics (Business Elective)
3


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.

Courses
Hours
FIN 371—Introduction to Urban Real Estate
3
FIN 472—Real Estate Finance
3
FIN 494—Special Topics in Finance: Municipal Finance
3
ECON 332—Urban Economics (Business Elective)
3
ECON 475—Real Estate Markets and Valuation
(Business Elective)
3


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.

Courses
Hours
FIN 416—Options and Futures Markets
3
FIN 465—Property and Liability Insurance
3
FIN 466—Life and Health Insurance
3
FIN 473—Introduction to Risk Management
3


Sample Course Schedule

See Sample Business Major Curriculum in the College of Business Administration section.

 

Distinction

See Academic Honors in the College of Business Administration section.