College of Business and Public Administration

Finance

The information on this page pertains to program requirements for students who matriculated in the 2020-2021 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 3
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 107 - Programming and Application Development 3
IS 114 - Advanced IT Applications for Business 3
TOTAL 77

 


 

Actuarial Science - Finance Joint Major Requirements

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
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 3
MATH 070 - Calculus II 3
MATH 100 - Calculus III 3
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 94.5

 


 

Accounting - Finance Joint Major 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, or

STAT 071 – Statistics I
3
ACTS 135 – Mathematical Statistics, or
STAT 072 – Statistics II
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
MGMT 110 - Organizational Behavior 3
MGMT 120 - Management of Operations 3
MKTG 101 - Marketing Principles 3
Accounting Courses Required for Accounting-Finance Joint Major
ACCT 105 - Accounting Information Systems 3
ACCT 110 - Managerial Accounting 3
ACCT 165 - Financial Accounting I 3
ACCT 166 - Financial Accounting II 3
ACCT 175 - Auditing Principles 3
ACCT 185 - Individual Taxation 3
Finance Courses Required for Accounting-Finance Joint Major  
ECON 010 - Principles of Macroeconomics  
FIN 102 - Advanced Corporate Finance  
FIN 119 - Financial Institutions, Instruments, and Markets  
FIN 121 – Introduction to Derivatives  
FIN 170 - International Finance  
FIN 193 - Portfolio Analysis  
FIN 197 -Seminar in Finance  

 


Finance Minor Requirements

The finance minor is available only to students in the College of Business and Public Administration.  The following courses are required:

Course Credits
ECON 010 - Principles of Macroeconomics 3
FIN 102 - Advanced Corporate Finance 3
Select three of 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 193- Portfolio Analysis 3
FIN 197 - Seminar in Finance 3

The information in this catalog does not constitute a contract between the university and the student. The university reserves the right to make changes in curricula, admission policies and processes, tuition and financial aid, academic standards and guidelines, student services and any other regulations or policies set forth in this catalog without giving prior notice.