Department of Finance, Insurance and Real Estate

The primary objective of the Finance program is to provide the basic concepts, principles and analytical tools essential for business decisions in the fields of finance. The curriculum is designed to provide a broad background for effective functioning within the discipline:

Finance majors study the environment, theory and techniques of decisions on the acquisition of funds by business firms, including the applied areas of investment, financial institutions, real estate, and risk management and insurance. Program objectives for the B.B.A. in Finance are: (a) to obtain knowledge of the cultural, global, and ethical environment of business; (b) to appreciate the impact of business decisions on society; (c) to understand the role of information technology and proficiency in relevant computer applications; (d) to possess the ability to integrate knowledge from different disciplines to define problems and research solutions; (e) to possess critical thinking and decision-making skills essential to solving business problems; (f) to obtain effective oral and written communication skills; (g) the ability to contribute effectively within a team environment and the foundation knowledge in each functional area of business; (h) to acquire a solid background in financial theory and techniques.

Finance Major (B.B.A.)

A. University General Education Program (41 hours)

See Graduation from the University for the University General Education Program requirements. Note that MATH 1830 or 1910 (Mathematics requirement) and ECON 2110 and 2120 (Social/Behavioral Sciences requirement) are specified for the B.B.A. degree.

B. College and Degree (B.B.A.) Requirements (42 hours)

Lower Division Business Core Curriculum (15 hours)

No grade below “C” and 2.25 GPA (2.5 for accounting majors) in MATH 1830 or 1910, ECON 2110, ECON 2120 and the following lower division courses

ACCT 2010 Fundamentals of Accounting I (3)

ACCT 2020 Fundamentals of Accounting II (3)

ISDS 2710 Business Statistics (3)

MIS 2749 Introduction to Business Microcomputer Applications (3)

MIS 2755 Introduction to Management Information Systems (3)

Upper Division Business Core Curriculum (27 hours)

No grade below "C" and 2.25 GPA in the following courses:

ACCT 3130 Legal, Social, and Political Environment of Business (3)

FIR 3410 Business Finance (3)

MGMT 3110 Organization and Management (3)

MGMT 4710 Strategic Management (3) (Enrollment usually limited to graduating seniors)

MKTG 3010 Principles of Marketing (3)

MGMT 3510 Business Communication (3)

ISDS 3510 Production and Operations Management (3)

ISDS 3711 Analytical Tools for Business Decisions (3)

Choose One:

MGMT 4810 International Management (3); MKTG 4530 International Marketing (3); ECON 4350 International Economics (3); FIR 4550 International Finance (3); MGMT 4510 International Business Communication and Negotiation (3); MKTG 4570 Global Transportation, Tourism and Electronic Commerce (3); HPRM 4400 International Hospitality (3); MIS 4310 Global Information Technology (3); ECON 4351 International Monetary Economics: Theory and Policy (3); one course from FIR 4110-4119 (3) when the topic pertains to international business and has been approved in advance by the department chair.

Transfer students are referred to the section Transfer Credit in the College of Business and Economics description.

C. The Major (24 hours)

No grade below "C" and a minimum 2.25 GPA in the major.

1. Core requirements: A minimum of 24 upper division semester hours in courses as follows: FIR 3710, 3720, 4440, and one of the following concentrations.

2. Concentrations (15 hours)

a. Banking and Financial Services: FIR 4710, 4720, 4911, and 6 hours from ECON 3610, FIR 3310, 3810, 4011, 4310, 4320, 4331, 4350, 4610, 4810, 4870

b. Business Finance: FIR 4610 and 12 hours from the following: at least three courses from FIR 3770, 4331, 4550, 4710, 4720, 4770, 4911; no more than one course from FIR 3310, 4870, ECON 4112, 4120, MIS 3775

c. Real Estate: FIR 3310, 4320, 4350, two courses from FIR 4310, 4340, 4911, ECON 4112, ESCI 4515

d. Risk Management and Insurance: FIR 3810, 4870, and three courses from FIR 4720, 4810, 4820, 4911, ECON 4112, 4740

D. Electives (13 hours)

Lower division or upper division courses to bring the total of hours earned to 120.

Business Finance Minor

For students whose major is in another department in The Fogelman College of Business and Economics: 9 upper division hours in finance approved by the department chair.

For students whose major is within another college of the University: (24 hours) ACCT 2010 and 2020; ECON 2110, 2120, 3610; FIR 3410, 3710. Three additional upper division hours approved by the department chair.

Real Estate Minor

For students whose major is in another department in The Fogelman College of Business and Economics: (9 hours) FIR 3310, and six additional upper division hours in real estate approved by the department chair.

For students whose major is within another college of the University: (21 hours) ACCT 2010, 3011, 3130; ECON 2110; FIR 3310, and six additional upper division hours in real estate approved by the department chair.

Risk Management and Insurance Minor

For students whose major is in another department in The Fogelman College of Business and Economics: (9 hours) FIR 3810, 4870, and three additional upper division hours in insurance approved by the department chair.

For students whose major is within another college of the University: (21 hours) ACCT 2010, 3011; ECON 2110; ISDS 2710; FIR 3810, 4870, and three additional upper division hours in insurance or finance approved by the department chair.

Typical 4-Year Banking and Financial Services Concentration Sequence:

Freshman Year

Sophomore Year

Junior Year

Senior Year

Total Hours: 120-122

Total Hours Required for Graduation: 120

*Must satisfy University General Education Program Requirement

Typical 4-Year Business Finance Concentration Sequence:

Freshman Year

Sophomore Year

Junior Year

Senior Year

Total Hours: 120-122

Total Hours Required for Graduation: 120

*Must satisfy University General Education Program Requirement

Typical 4-Year Real Estate Concentration Sequence:

Freshman Year

Sophomore Year

Junior Year

Senior Year

Total Hours: 120-122

Total Hours Required for Graduation: 120

*Must satisfy University General Education Program Requirement

Typical 4-Year Risk Management and Insurance Concentration Sequence:

Freshman Year

Sophomore Year

Junior Year

Senior Year

Total Hours: 120-122

Total Hours Required for Graduation: 120

*Must satisfy University General Education Program Requirement