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Finance

The information on this page pertains to program requirements for students who matriculated in the 2019-2020 academic year.  View requirements for previous catalog years here.

Program Options

 Finance department web site


Program Overview

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 curriculum allows our finance graduates to obtain skills that can be applied in the following areas, among others: capital budget analysis, personal financial planning, financial institutions management, corporate finance, and investment analysis and portfolio management.  The program offers students a choice of electives in these areas.  Graduates are prepared for advanced study in business or finance or to assume responsible, entry-level managerial positions in financial management business, government and not-for-profit entities.  Furthermore, they possess an excellent foundation for future growth and career development.


Finance Major Requirements

All finance majors are required to complete the Drake University Curriculum and the College of Business and Public Administration's core requirements.  In addition, they must complete the following basic core courses in the finance major:

Course Credits
Business Core Courses
ACCT 041 - Introduction to Financial Accounting 3
ACCT 042 - Introduction to Managerial Accounting 3
BUS 195 - Business Strategy and Policy 3
BLAW 060 - Business Law I 3
BUS 001, 002, 003, 004, 005 - The Business Profession I-V 0
BUS 070 - Globalization 3
BUS 073 - Professional Verbal Communications 2
BUS 074 - Professional Written Communications 2
ECON 002 - Principles of Microeconomics 3
IS 044 - Microsoft Office Tools for Business Analysis 2
IS 075 - Information Technology and Business 3
FIN 101 - Corporate Finance 3
MATH 028 - Business Calculus (or higher) 3
MGMT 110 - Organizational Behavior 3
MGMT 120 - Management of Operations 3
MKTG 101 - Marketing Principles 3
ACTS 131 - Introduction to Probability I, or
STAT 071 - Statistics I
3
ACTS 135 - Mathematical Statistics, or
STAT 072 - Statistics II
3
Finance Major Courses
ECON 010 - Principles of Macroeconomics 3
FIN 102 - Advanced Corporate Finance 3
FIN 119 - Financial Institutions, Instruments and Markets 3
FIN 121 - Introduction to Derivatives 3
FIN 170 - Internatinal Finance 3
FIN 193 - Portfolio Analysis 3
FIN 197 - Seminar in Finance 3
Select at least nine credits from the following courses:
Capital Budgeting Analyst Related Courses
ACCT 110 - Managerial Accounting 4
ACCT 120 - Advanced Managerial Accounting 3
ACCT 125 - Cost Management Systems 3
ACCT 175 - Auditing Principles 3
ECON 173 - Intermediate Microeconomic Analysis 3
Investment Analysis/Portfolio Management Related Courses
ACCT 165 - Financial Accounting I 3
ACCT 166 - Financial Accounting II 3
ACCT 167 - Financial Accounting III 3
ECON 130 - International Economics 3
ECON 174 - Intermediate Macroeconomic Analysis 3
FIN 190 - Equity Valuation and Analysis 3
Personal Financial Planning Related Courses
ACCT 185 - Individual Taxation 3
BLAW 120 - Business Law II 3
INS 051 - Personal Risk Management 3
INS 141 - Business Risk Management 3
INS 161 - Insurance Company Operations 3
Financial Institutions Management Related Courses
FIN 129 - Financial Institutions Management 3
INS 141 - Business Risk Management 3
INS 161 - Insurance Company Operations 3
All Finance Related Occupations
ECON 170 - Introduction to Econometrics 3
IS 080 - Visual Basic 3
IS 114 - Advanced IT Applications for Business 3
TOTAL 77

 


Finance Joint Major Requirements (Except Actuarial Science - Finance Joint Major)

The joint finance major consists of all the basic finance core courses listed above.  The joint actuarial science / finance major will substitute FIN 119 and FIN 121 with FIN 129 and ACTS 121, respectively.

Course Credits
Business Core Courses
ACCT 041 - Introduction to Financial Accounting 3
ACCT 042 - Introduction to Managerial Accounting 3
BUS 195 - Business Strategy and Policy 3
BLAW 060 - Business Law I 3
BUS 001, 002, 003, 004, 005 - The Business Profession I-V 0
BUS 070 - Globalization 3
BUS 073 - Professional Verbal Communications 2
BUS 074 - Professional Written Communications 2
ECON 002 - Principles of Microeconomics 3
IS 044 - Microsoft Office Tools for Business Analysis 2
IS 075 - Information Technology and Business 3
FIN 101 - Corporate Finance 3
MATH 028 - Business Calculus (or higher) 3
MGMT 110 - Organizational Behavior 3
MGMT 120 - Management of Operations 3
MKTG 101 - Marketing Principles 3
ACTS 131 - Introduction to Probability I, or
STAT 071 - Statistics I
3
ACTS 135 - Mathematical Statistics, or
STAT 072 - Statistics II
3
Courses Required for Finance Joint Major
ECON 010 - Principles of Macroeconomics 3
FIN 102 - Advanced Corporate Finance 3
FIN 119 - Financial Institutions, Instruments and Markets 3
FIN 121 - Introduction to Derivatives 3
FIN 170 - International Finance 3
FIN 193 - Portfolio Analysis 3
FIN 197 - Seminar in Finance 3
Completion of Courses Required for Other Discipline in Joint Major varies
TOTAL varies

Actuarial Science - Finance Joint Degree Requirements

Course Credits
Business Core Courses
ACCT 041 - Introduction to Financial Accounting 3
ACCT 042 - Introduction to Managerial Accounting 3
ACTS 131 - Introduction to Probability I 3
ACTS 131L - Introduction to Probability I Lab 0.5
BUS 195 - Business Strategy and Policy 3
BLAW 060 - Business Law I 3
BUS 001, 002, 003, 004, 005 - The Business Profession I-V 0
BUS 070 - Globalization 3
BUS 073 - Professional Verbal Communications 2
BUS 074 - Professional Written Communications 2
ECON 002 - Principles of Microeconomics 3
IS 044 - Microsoft Office Tools for Business Analysis 2
IS 075 - Information Technology and Business 3
FIN 101 - Corporate Finance 3
MGMT 110 - Organizational Behavior 3
MGMT 120 - Management of Operations 3
MKTG 101 - Marketing Principles 3
Actuarial Science Courses Required for Actuarial Science - Finance Joint Major
ACTS 120 - Theory of Interest 3
ACTS 120L - Theory of Interest Lab 0.5
ACTS 121 - Introduction to Derivatives 3
ACTS 131 - Introduction to Probability I 3
ACTS 131L - Introduction to Probability I Lab 0.5
ACTS 135 - Mathematical Statistics 3
ACTS 150 - Life Insurance Mathematics I 3
ACTS 161 - Short-Term Actuarial Math I 3
MATH 050 - Calculus I 4
MATH 070 - Calculus II 4
MATH 100 - Calculus III 4
STAT 040  - Introduction to R and SAS 3
STAT 170 - Statistical Modeling and Data Analysis II 3
Finance Courses Required for Actuarial Science - Finance Joint Major
ECON 010 - Principles of Macroeconomics 3
FIN 102 - Advanced Corporate Finance 3
FIN 129 - Financial Management Institutions 3
FIN 170 - International Finance 3
FIN 193 - Portfolio Analysis 3
FIN 197 -Seminar in Finance 3
TOTAL 96.5

 


Finance Concentration Requirements

Candidates for the finance concentration have two options Investment Valuation or Finance:

Course Credits
Investment Valuation Option
ACCT 165 - Financial Accounting I 3
ACCT 166 - Financial Accounting II 3
FIN 102 - Advanced Corporate Finance 3
Select one course from the following:
FIN 119 - Financial Institutions, Instruments and Markets 3
FIN 190 - Equity Valuation and Analysis 3
FIN 193 - Portfolio Analysis 3
Finance Option
FIN 102 - Advanced Corporate Finance 3
Select two courses from the following:
FIN 119- Financial Institutions, Instruments and Markets 3
FIN 121/ACTS 121 - Introduction to Derivatives 3
FIN 129 - Financial Institutions Management 3
FIN 170 - International Finance 3
FIN 190 - Equity Valuation and Analysis 3
FIN 193- Portfolio Analysis 3
TOTAL 14 or 9

2019-2020 Drake University Undergraduate Catalog
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