Finance

Finance is at the core of any business endeavor. Every business, whether corporate, government-run, for-profit or not-for-profit, must determine how to finance itself and what its business model will be. Along with management, sales/marketing and operations, finance is one of the key pillars of any business.

Students might pursue a career in the treasury department of a company or government entity, or find work as a financial planner, a wealth manager, a financial analyst, or in any of the many finance-related careers available today. Whatever their choice, understanding the basics of how markets operate, of how companies find investors and lenders, and how financial planning helps small firms and large firms weather economic swings – all are critical to success. Individuals who want to understand how the finances of an organization are organized and how adjusting financial levers can impact an organization’s success will find a finance major an interesting pursuit. Stu-dents who consider themselves to be “problem solvers” are a good fit for a finance major, as much of the coursework entails solving economic and financial puzzles.

The Finance program is accredited by the International Accreditation Council for Business Education (I.A.C.B.E.).
IACBE,11960 Quivara Rd., Suite 300, Overland Park, KS 66215
www.iacbe.org

Experiential Finance Learning Requirement

In order to graduate, Finance students must complete an experiential learning requirement related to their field of interest. The experiential requirement can be met through 3-credits of internship, 3-credits of practicum or an equivalent non-credit experience in a real world or "out of the traditional classroom" context. The requirement offers students the opportunity to initiate lifelong learning through the development and application of academic knowledge and skills in new or different settings.
Experiential learning may fall into one or more of the following categories:

  • Undergraduate Research, where students engage in systematic inquiry that contributes to the discovery or interpretation of knowledge significant to their field of study.
  • Community/Civic Engagement, where students interact with people from diverse backgrounds, to challenge their under-standing of community needs, and to explore ways of part-nering with community members to address problems or improve community life. Examples could include a semester-long community engagement, or civic project where a student’s business studies assist them in serving the community.
  • Career and Practical Experiences, where students use skills and concepts learned in the classroom while engaging in work-like settings that relate to their field of study or possible career path. Examples include internship, co-ops, student teaching, or tutoring experience.

Both credit-bearing and non-credit bearing experiences, paid or un-paid, may be proposed for meeting this requirement. All student experiential learning experiences must be approved by the student’s academic advisor. Furthermore, all internships must be approved by the Career Development Center. All such experiences must include the following:

  • significant opportunities for the student to apply academic ideas, concepts, theories and/or skills to practice;
  • significant experience-based learning beyond that which typically occurs in the undergraduate classroom;
  • sustained and significant interaction throughout the experience between the student and their faculty/staff advisor(s);
  • sustained student involvement or immersion (with the total amount of time committed by the student being roughly equal at least to that required for a three-credit-hour course);
  • a meaningful opportunity for student reflection (e.g., with a portfolio, final essay, faculty/student meeting or other opportunity) at the conclusion of the experience; and
  • a level of academic rigor and education effectiveness comparable to what is found in a typical Dominican University New York undergraduate course.
  • Up to 6 internship credits may be applied to the degree.

Finance Minor

Finance is at the core of any business endeavor. Every business, for-profit or non-for-profit must decide how to finance itself. The Finance Minor provides an opportunity for students in any major to study how our financial system works and to expose them to concepts needed for success in this important industry. How do markets work? How are companies funded? How are profits measured? What types of investments exist and how are they valued? These and many other questions are addressed – allowing interested students to ex-plore this fascinating area of business.

Degrees and Certificates

Courses

FN 111: Basic Finance and Investing

Credits 3
Students will receive a general overview of the financial industry, with a focus on key players, institutions, and markets such as commercial banks, the Federal Reserve, and financial markets. The class will also introduce the many career paths within the financial sector and what responsibilities they encompass. Financial concepts such as the time value of money, compounding interest, and annualized returns will be taught as a foundation for future Finance, Economics, and Accounting courses. Students will then learn about common financial instruments including stocks, bonds, mutual funds, and ETFs, and will be introduced to derivatives.

FN 118: Personal Finance

Credits 3
This course is geared to provide business majors and non-majors alike with the concepts and techniques needed to plan for an individual's financial wellness. Topics covered include financial planning, investment strategies, credit, taxes, stocks, bonds, insurance, estate planning, and real estate.

FN 226: Principles of Finance

Credits 3
This course is designed as an introduction to finance. Topics include: basic financial analysis; efficient management of the firm's assets; sources of short and long-term financing; introduction to financial theory, including valuation, capital structure, and the timing of financial decisions.

FN 331: Money & Banking

Credits 3
This course explores the nature of money and the institutions that create, control, and use it. The policies and practices of the Federal Reserve and other central banks are discussed in terms of monetary theory and their impact on society.

FN 340: Corporation Finance

Credits 3
The financial policies necessary to achieve the goals of the firm are examined. Topics include the capital asset pricing model, weighted average cost of capital, and capital structure.

FN 344: Investment Analysis

Credits 3
The functions of security markets and the basic decisions determining the timing and extent of investments are examined. Particular emphasis is placed on evaluating securities, with a view to maximizing returns and minimizing losses.

FN 435: International Finance

Credits 3
This course will describe how international economics and finance differ from traditional macroeconomics, microeconomics, and finance. It will highlight the benefits of specialization and trade (both absolute and comparative advantage), the operations of the foreign exchange markets, open and closed economies, alternative economic systems and transitional economies. Current trends and events in international economics and finance will be explored by students utilizing Power Point presentations.

FN 450: Risk Management and Performance Evaluation

Credits 3
This course considers two highly linked issues in the investment world: performance evaluation and risk management. Risk management is first reviewed to examine investment, operational, and compliance risks and the strategies used to respond and mitigate such risks. Risk management functions are then defined, and multi-layer lines of defense are studied – including the costs and benefits of various risk mitigating strategies. Historical examples of risk failures are studied to illustrate potential risks and to identify potential solutions. Performance evaluation is then analyzed. Students are given actual fund performance data to evaluate and compare across various passive and active management strategies.

FN 460: Investment Planning

Credits 3
This course studies the financial planning industry. Students create sample investment plans for either individual investors of varying backgrounds or institutional investors with a wide range of goals. To start, the investment needs of a broad range of investors is covered – from individuals in different phases of their life and having varied levels of wealth, financial knowledge and risk tolerance, to institutional endowments, pension plans, government funds and insurance company accounts. Students learn to identify investor needs and goals, including required returns, risk tolerance and time horizons. Student will also study the basics of asset allocation and asset-liability matching concepts.

FN 470: Advanced Investing

Credits 3
An advanced seminar where students invest a portfolio (typically paper) using ETFs to gain access to a wide range of asset classes. Students must adhere to an investment policy and are expected to report on the results and efficacy of their strategy.

FN 474: Business Policy

Credits 3

This is a capstone course in business. The course integrates theories and techniques covered in various core and other major courses. Functional areas of business are tied together using case studies from the point of view of senior management. The course focuses on the crafting and implementation of strategy.  

FN 485: Real Estate Finance

Credits 3
This course provides an overview of the real estate industry and the finance issues within it. The course will be taught from the perspective of a real estate investor, but will cover topics from the perspective of the real estate lender as well. Both residential and commercial real estate topics will be covered. Topics covered include the basic legal concepts of real estate, promissory notes and mortgages (fixed rate and adjustable), investing in residential and commercial markets, markets for real estate capital, the use of leverage, and income tax considerations.