Frequently Asked Questions

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  1. I'm a business major and want to try some finance courses.
    What do I do?
  2. I'm not a business major and want to try some finance courses.
    What do I do?
  3. I want to learn about the stock market and investing for myself.
    What do I do?
  4. What about the Finance major?
  5. Are there concentrations available within the finance major?
  6. Is there a Finance minor?
  7. When are the various finance courses being offered?
  8. Should I major in Finance or Economics?
  9. Who do I contact for more information?

1. I'm a business major and want to try some finance courses. What do I do?

Well, you're in luck since FIN 3300 Principles of Financial Management is required of all business majors. Note that Economics 1203 or 1200 is a prerequisite for Fin 3300. You can also take FIN 2302- Introduction to Investing, FIN 2335-Principles of Real Estate,FIN 3303-Financial Institutions or, FIN 1330-Personal Finance, although this course is primarily for the non-business major. After taking Fin 3300 you can take any of the other finance courses that our department offers.

2. I'm not a business major and want to try some finance courses. What do I do?

There are three courses of primary interest to you:

  1. FIN 1330 Personal Finance: This course covers general issues of interest in managing your personal finances. The topics covered include consumer credit, various types of insurance, financial markets, and personal financial management. This is the course for you if you're interested in general background on many areas of personal finance.  If you only want information on investments then you should consider Fin 2302 below.(note that Econ 1203 is a prerequisite to Fin 1330).
  2. If you have less than 30 hours of credit in the College of Business then you could also take FIN 2302 Introduction to Investing: This focus of this course is more specific compared to Fin 1330 in that it deals exclusively with investment opportunities and financial assets such as stocks, bonds, and derivative securities. This is the course for you if you want to concentrate on managing (and understanding) your personal investment portfolio. You are probably not interested in taking FIN 3302 Investments, which is primarily for finance majors and minors, and is deals more with the theory of investments, rather than the sort of practical guide you would receive in this course.
  3. FIN 2335 Principles of Real Estate: This is usually a tele-course and deals exclusively with real estate issues.

If you have taken Economics 1203 then you could take FIN 3300 Principles of Financial Management. This course is required of all business majors and the focus is finance from the viewpoint of the corporation. It deals with issues of cash flow, corporate finance policy, and the valuation of financial assets. Fin 3300 is not the course for you if you want to deal with your personal finances. It is the course for you if you?re interested in the financial issues that face corporations. If you?ve taken Econ 1203 you could also take FIN 3303 Financial Institutions.

3. I want to learn about the stock market and investing for myself. What do I do?

See the answer to question 2 above regarding FIN 2302 Introduction to Investing. You could check out our links page for information on finance and economic news and also our list of stock exchanges throughout the world.

4. What about the Finance major?

Ahh, an excellent choice. The finance major requires the following core courses: FIN 3300 Principles of Financial Management (Note that this course is a prerequisite to further finance courses), Fin 3302 Investments, Fin 4200 Managerial Finance, Fin 4301 Financial Theory. As for electives you must 12 more hours of finance courses, as well as the usual College and University requirements.
If you are thinking of entering a Ph.D. program then you should certainly consider more than the minimum courses in mathematics and statistics. You should at least go through the two semester calculus sequence and maybe take a course in linear algebra. A statistics course would also prove beneficial.

5. Are there concentrations available within the finance major?

Yes, in lieu of the 12 hours of finance electives you can choose three courses in a specific area. The concentrations available are:

  • Concentration in Banking and Financial Institutions
  • Concentration in Corporate Finance
  • Concentration in Insurance
  • Concentration in Investments
  • Concentration in Real Estate

6. Is there a Finance minor?

Sure there is. To obtain a minor in finance you need to complete the following courses:
FIN 3300 Principles of Financial Management, FIN 3302 Investments, FIN 4200 Managerial Finance

7. When are the various finance courses being offered?

You can get the schedule for all Fall 2000 Economics, Finance, and QMBE courses hereand 9 hours of finance electives.
You can get a list of future course offerings in Economics, Finance, and QMBE here (this needs to be updated).

8. Should I major in Finance or Economics?

Either is an excellent choice and both will prepare you for careers in business. Our undergraduate information page has links to information regarding the career opportunities of economics and finance majors. The difference is in scope. A degree in finance obviously prepares you for a career in finance; that is, working in the financial management division of a firm, in a financial institution such as a bank, or in the investments field. An? economics degree may offer you a wider range of options but you won?t develop the in-depth knowledge of finance and financial markets that the finance degree offers.

9. Who do I contact for more information?

To get more information on the finance major you could contact either Dr. Lane (department chair) in KH 438 or Dr. Wei (associate chair).