Finance

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Faculty: Richard Collins, Richard Haskell, Lauren Lo Re (chair), Rob Patterson, Sheng Xiao.

Students can choose either the Bachelor of Science in Finance, or the Bachelor of Arts in Finance.
All students completing undergraduate programs in the Finance Program meet educational requirements for the Accelerated MBA Program for Westminster Graduates.

Program Goals

The Finance Program offers a major leading to a Bachelor of Science or Bachelor of Arts degree that will prepare students for career options in corporate finance, international finance, new venture financing, investments, banking, consulting, or business financial planning. The theoretical and practical aspects of finance are integrated to provide students with critical thinking skills and analytical tools as a foundation for life-long learning. Students completing a Bachelor of Science degree in Finance should:

  • Explain the firm’s financial structure and the role of finance in maximizing a firm’s value.
  • Use financial theories, practices, analytical tools, and models for making critical decisions.
  • Develop solutions to complex financial problems.
  • Communicate complex financial concepts, analyses, strategies and decisions.
  • Develop ethical awareness.

Program Requirements

To fulfill the requirements for the major in Finance, students must complete the courses outlined below and maintain a minimum 2.3 GPA in all coursework required by the program. Students are also required to complete the ETS Major Field Test in Business before they are eligible to graduate.

Students must meet the college-wide graduation requirements in addition to the Finance major:

  • 124 total hours
  • 30 upper division hours
  • WCore requirements

Undergraduate Business Core

Students in all business majors (with the exception of flight operations and some economics programs) complete a common undergraduate core designed to develop skills in all functional areas of business.

There are two components to the common undergraduate core: the lower-division requirements, and the upper-division requirements. Since many of the lower-division core requirements are prerequisites for upper-division core requirements, students should work to complete lower-division courses early in their programs. Upper-division core requirements should be taken when prerequisites are met. Prerequisites are noted in the table below.

REQUIREMENT DESCRIPTION CREDIT
HOURS
PREREQUISITES
I. Core Lower Division Courses 25
 ACCT 213 Financial Accounting (3) BUSI 101A and BUSI 101B; or BUSI 102*
 BUSI 101A Business Fundamentals I, Communicating (3)
 BUSI 101B Business Fundamentals I, Calculating (3) MATH 101 or MATH 105
 BUSI  200 Applied Business Math and Modeling (3) BUSI 101A and BUSI 101B; or BUSI 102*
 BUSI 225 Business Law and Ethics (3) BUSI 101A and BUSI 101B; or BUSI 102*
 ECON 253 Elementary Macroeconomics (3) MATH 101 or MATH 105
 ECON 263 Elementary Microeconomics (3) MATH 101 or MATH 105
 Choose one of the following courses:
  • DATA 150 Data and Society (4)
  • DATA 220 Introduction to Statistics (4)
II. Core Upper Division Courses 23-25  
 ACCT 313 Managerial Accounting (3) ACCT 213
 BUSI 300 Information Technology (3) BUSI 200
 BUSI 350 Business Fundamentals II, Integrative Core (2) ACCT 313; BUSI 225, 300; DATA 150 or 220; ECON 263; FINC 300; MGMT 305, MGMT 309; MKTG 300.
BUSI 440 or
BUSI 441 or
BUSI 442
Business Fundamentals III, Internship (1-8)
Business Practicum (2-4)
Business Portfolio (2)
BUSI 350, junior or senior standing, and signed approval from the Practice/Exp Director.
(Transfer students must complete a min. of 15 Westminster credit hours or obtain permission of instructor prior to completing an internship for credit.)

All business majors are required to complete BUSI 440 or BUSI 441 or BUSI 442.

 FINC 300 Business Finance (3) BUSI 200, ACCT 213
 MGMT 305 Principles of Management (4) BUSI 101A and BUSI 101B; or BUSI 102*
 MGMT 309 Operations Management (3) BUSI 200
 MKTG 300 Principles of Marketing (3) BUSI 101A and BUSI 101B; or BUSI 102*
TOTAL REQUIRED HOURS 48-50

* BUSI 102, Business Fundamentals I for Transfer Students, is only an option for transfer students or student majoring in arts administration; all other students should take BUSI 101A/BUSI 101B.


Bachelor of Science in Finance

REQUIREMENT DESCRIPTIONS CREDIT HOURS PREREQUISITES
I. Undergraduate Business Core 48-50
Please refer to Undergraduate Business Core for requirements.
II. Major Requirements 12
FINC 305 Investment and Analysis – offered fall and spring (4) FINC 300
FINC 309 Concepts and Apps. of Corp Finance – offered fall and spring (4) FINC 300
FINC 495 Strategic Finc. Mgmt & Entrepreneurship – offered spring (4) FINC 305, 309, senior standing
 III. Electives  8-12
Students are not limited to this list, and with adviser approval, may use other upper division business courses.
FINC 310 Financial Institutions (2) FINC 300
FINC 405 Investment Strategies and Applications – offered fall and spring (4)  FINC 300, 305
FINC 410 Raising Money for New Ventures (2)
FINC 435 International Finance – offered fall  (4) FINC 300
FINC 493 Business Forecasting – offered spring (4) DATA 150 or 220, ECON 263; FINC 300
FINC 412L Advanced Investing Topics (2)
FINC 412A Introduction to Real Estate Investing (2)
ECON 499 Econometrics – offered fall (4) ECON 253, 263; DATA 150 or 220
ACCT 374 Cost Accounting – offered spring (4) ACCT 313
TOTAL HOURS FOR THE B.S. FINANCE PROGRAM 68-74  

Note: All students must complete 124 hours of coursework to graduate, 30 hours of which must be upper division (300 level or above). Students may need to take other courses to complete the college hours requirement.


 Bachelor of Arts in Finance

REQUIREMENT DESCRIPTION
CREDIT HOURS PREREQUISITES
I. Undergraduate Business Core 48-50
Please refer to Undergraduate Business Core for requirements.
II. Bachelor of Arts Requirements 12
Students completing the Bachelor of Arts option (B.A.) must complete either:
a. A declared academic minor other than a Business minor; or
b. Twelve credit hours of a single world language; or
c. Eight credit hours of a single world language, and either:
  • four credit hours of a Westminster May term study/cultural international experience, or
  • four credits of an international study tour transferred from an accredited college or university.
See World Language Requirement for equivalencies, AP and CLEP credit policy.
III. Major Requirements 12
FINC 305 Investment and Analysis – offered fall and spring (4) FINC 300
FINC 309 Concepts and Apps. of Corp Finance – offered fall and spring (4) FINC 300
FINC 495 Strategic Finc. Mgmt & Entrepreneurship – offered spring (4) FINC 305, 309, senior standing
IV. Electives 8-12
Students are not limited to this list, and with adviser approval, may use other upper division business courses. 
FINC 310 Financial Institutions (2) FINC 300
FINC 405 Investment Strategies and Applications – offered fall and spring (4)  FINC 305
FINC 410 Raising Money for New Ventures (2)
FINC 435 International Finance – offered fall (4) FINC 300
FINC 493 Business Forecasting – offered spring (4) DATA 150 or 220; ECON 263; FINC 300
FINC 412L  Advanced Investing Topics (2)
FINC 412A Introduction to Real Estate Investing (2)
ECON 499 Econometrics – offered fall (4) ECON 253, 263; DATA 150 or 220
ACCT 374 Cost Accounting – offered spring (4) ACCT 313
TOTAL HOURS FOR THE B.A. FINANCE PROGRAM 80–86  

Note: All students must complete 124 hours of coursework to graduate, 30 hours of which must be upper division (300 level or above). Students may need to take other courses to complete the college hours requirement.

Recommended Plan of Study (B.A. and B.S.)

Starting Business as a First-Year Student

Fall Semester Spring Semester
 

Freshman Year

WCORE1
WCORE2
BUSI 101A (LC)
BUSI 101B (LC)
WCORE3
WCORE4
DATA 150 OR DATA 220
ACCT 213
 

Sophomore Year


WCORE5
WCORE6
BUSI 200
ECON 253

BUSI 225


ECON 263
ACCT 313
MGMT 305
BUSI 300

FINC 300

 

 

Junior Year


FINC 309
MKTG 300
Language I (B.A.)


BUSI 350
FINC 305
FINC Elective
Language II (B.A.)

 

Senior Year


MGMT 309
FINC Elective
Language II( (B.A.)


FINC 495
BUSI 440, 441 or 442

Starting Business as a Sophomore

Fall Semester Spring Semester
Freshman Year WCORE1
WCORE2
WCORE3
WCORE4
WCORE5
WCORE6
Sophomore Year

BUSI 101A
BUSI 101B
ECON 253
DATA 150 or DATA 220


BUSI 200
ACCT 213
ECON 263
MGMT 305

BUSI 225

Junior Year

ACCT 313
MKTG 300
BUSI 300
MGMT 309
FINC 300


BUSI 350
FINC 309
FINC Elective
Language I (B.A.)

Senior Year

FINC 305
FINC Elective
Language II (B.A.)


FINC 495
BUSI 440, 441 or 442
Language III (B.A.)

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