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Finance

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Finance

Degree Options

Bachelor of Science in Business and Administration with a major in finance.

Description of Program

The finance major prepares students for careers in business and/or postgraduate work by educating them in the fundamental principles and practical applications of modern financial analysis. The finance curriculum is designed to provide students with knowledge of the major concepts and practices of financial management, while at the same time helping to develop their analytical, decision-making and communication abilities.

The careers of the majority of finance graduates can be broadly classified into one of four specializations or tracks: personal financial planning, financial institutions management, corporate finance and investments. Drake’s program offers students a choice of study from specializations consistent with these classifications. Graduates are prepared for advanced study in business or finance or to assume responsible, entry-level managerial positions in financial management in business, government and not-for-profit entities. Furthermore, they possess an excellent foundation for future growth and career development.

Requirements for Major

In addition to the Drake Curriculum requirements:

  • 18 credits of core courses required of all finance majors
  • 12 credits of courses related to the student's chosen track
  • 52 credits of business core requirements (required of all business majors)

The basic core courses of the finance major:

  • Finance 102 (Advanced Corporate Finance)
  • Finance 119 (Financial Institutions, Instruments and Markets)
  • Finance 121 (Introduction to Derivatives)
  • Finance 193 (Portfolio Analysis)
  • Finance 197 (Seminar in Finance)
  • Economics 105 (Money and Banking)

These courses provide the student with a thorough grounding in each of the functional areas of the finance discipline. It is recommended that students take Economics 105 in the fall semester of the sophomore year; Finance 101 in the spring semester of the sophomore year; Finance 102 and Finance 121 in the fall semester of the junior year; Finance 119 and Finance 193 in the spring semester of the junior year; and Finance 197 in the spring semester of the senior year. Students need to complete Statistics 71 and Statistics 72 by the end of their sophomore year.

The remainder of the program depends upon the student’s choice from among the four tracks: personal financial planning, financial institutions management, corporate finance and investments. These tracks correspond to the most common careers pursued by finance graduates. Students interested in a more in-depth understanding of accounting may wish to pursue the accounting/finance joint major. (See Accounting for more information.) Actuarial science students who are interested in a more in-depth understanding of finance may wish to pursue the actuarial science/finance joint major.

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Admission Calendar

May 1 - Enrollment deadline for first-year students

August 4-8 - Iowa Private College Week

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