Finance

Bachelor of Science in Business Administration (BSBA): 180.0 quarter credits

About the Program

Students with a major in finance obtain a thorough understanding of the basic concepts, principles, operating procedures, and analytical techniques in the various areas of finance.

Throughout the finance curriculum, students develop and apply quantitative skills for financial decision making within the business environment.

This major prepares students for careers in private business firms, including positions involving forecasting and budgeting for financial resources, cost-effectiveness analysis, control of expenditures, evaluation and financing of new projects, and evaluation of alternative methods of financing; in the investment field, including positions in banks, brokerage houses, and financial institutions that participate in the various money and capital markets; and in the public sector, including positions at the federal, state, and local government levels.

For more information about the program, contact the Department of Finance.

Major Requirements

All core mathematics and statistics courses should be completed before embarking on the upper-level finance major courses.  A second course in business statistics, STAT 202, must be completed as a prerequisite for the major's required courses.

Because of the relevance of financial accounting to the field of finance, it is strongly recommended that finance students also complete ACCT 321 and ACCT 322 (Financial Accounting I and II) as two of their free electives.

Business Administration (BSBA) Degree Requirements
General Education Requirements
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
COM 270 [WI] Business Communication (WI)3.0
MATH 101Introduction to Analysis I4.0
MATH 102Introduction to Analysis II4.0
PHIL 105Critical Reasoning3.0
PSY 101General Psychology I3.0
UNIV B101 [WI] The Drexel Experience2.0
English literature elective: (ENGL 200 through ENGL 399)3.0
Fine arts elective3.0
History (HIST) elective3.0
Select two of the following:6.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
Applied Chemistry
Applied Physics
General Education Category Electives
Students select seven (21.0 credits) general education electives, with a minimum of one course in each of the following three categories. Students take the remaining 12.0 credits from any of the topics listed under "Additional General Education Electives."
Society and Culture
Communication, English, Fine Arts, International Area Studies, Language, Philosophy 3.0
Social Science
Anthropology, History, Sociology, Political Science, Psychology3.0
Science
Computer Science, Information Systems, Science3.0
Additional General Education Electives
Communication, English, Fine Arts, International Area Studies, Language, Philosophy, Anthropology, History, Sociology, Political Science, Psychology, Computer Science, Information Systems, Math, Science12.0
Business Requirements *
BUSN 101Foundations of Business I4.0
BUSN 102Foundations of Business II4.0
ACCT 115Financial Accounting Foundations4.0
ACCT 116Managerial Accounting Foundations4.0
BLAW 201Business Law I4.0
STAT 201Introduction to Business Statistics4.0
ECON 201Principles of Microeconomics4.0
ECON 202Principles of Macroeconomics4.0
FIN 301Introduction to Finance4.0
MIS 200Management Information Systems4.0
MKTG 301Introduction to Marketing Management4.0
OPM 200Operations Management4.0
ORGB 300 [WI] Organizational Behavior (WI)4.0
INTB 200International Business4.0
MGMT 450Strategy and Competitive Advantage4.0
Select one of the following:4.0
Business Statistics II **
Introduction to Entrepreneurship
Management Simulation
Business Consulting
Major Requirements24.0
Free Electives28.0
Total Credits180.0

 

*

Online Business students take BUSN 111 and BUSN 112 [WI] (a four-day residency in Philadelphia) instead of BUSN 101 and BUSN 102. Online students should check with their advisors because additional requirements may apply.


 

Required Finance Major Courses
FIN 302Intermediate Corporate Finance4.0
FIN 321Investment Securities & Markets4.0
FIN 325Financial Institutions and Markets4.0
Select three of the following:12.0
Risk Management
Derivative Securities
Investment Analysis
Entrepreneurial Finance
Money and Capital Markets
Seminar in Finance
Applied Portfolio Management
Advanced Portfolio Management
Global Financial Management
Total Credits24.0


Sample Plan of Study

 

Term 1Credits
BUSN 101Foundations of Business I4.0
ECON 201Principles of Microeconomics4.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
MATH 101Introduction to Analysis I4.0
UNIV B101 [WI] The Drexel Experience1.0
 Term Credits16.0
Term 2
BUSN 102Foundations of Business II4.0
ECON 202Principles of Macroeconomics4.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
MATH 102Introduction to Analysis II4.0
 Term Credits15.0
Term 3
ACCT 115Financial Accounting Foundations4.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
PSY 101General Psychology I3.0
Society and culture course*3.0
General Education elective*3.0
 Term Credits16.0
Term 4
ACCT 116Managerial Accounting Foundations4.0
STAT 201Introduction to Business Statistics4.0
History (HIST) elective3.0
Select one of the following:3.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
 
Applied Chemistry 
Applied Physics 
 Term Credits14.0
Term 5
BLAW 201Business Law I4.0
COM 270 [WI] Business Communication3.0
STAT 202Business Statistics II4.0
Select one of the following:3.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
 
Applied Chemistry 
Applied Physics 
 Term Credits14.0
Term 6
FIN 301Introduction to Finance4.0
MKTG 301Introduction to Marketing Management4.0
ORGB 300 [WI] Organizational Behavior4.0
Social Science Elective 3.0
 Term Credits15.0
Term 7
FIN 302Intermediate Corporate Finance4.0
MIS 200Management Information Systems4.0
OPM 200Operations Management4.0
Science Elective*3.0
 Term Credits15.0
Term 8
FIN 321Investment Securities & Markets4.0
PHIL 105Critical Reasoning3.0
Free Electives 8.0
 Term Credits15.0
Term 9
FIN 325Financial Institutions and Markets4.0
INTB 200International Business4.0
Free Elective4.0
General Education Elective*3.0
 Term Credits15.0
Term 10
FIN Elective (see major requirements for list)4.0
Free Electives 8.0
General Education Elective *3.0
 Term Credits15.0
Term 11
FIN Elective (see major requirements for list)4.0
UNIV B101 [WI] The Drexel Experience1.0
ENGL 200 Through ENGL 399 3.0
Free Elective 4.0
Fine Arts Elective 3.0
 Term Credits15.0
Term 12
FIN Elective (see major requirements for list)4.0
MGMT 450Strategy and Competitive Advantage4.0
Free Elective 4.0
General Education Elective*3.0
 Term Credits15.0
Total Credit: 180.0

 

*

 See degree requirements.


Co-op/Career Opportunities

The finance program at Drexel prepares students for careers incorporate financial management, the investment field, and the public sector. It also provides excellent basic preparation for various types of professional certification, including chartered financial analyst (CFA) and certified financial planner (CFP).In money and capital markets, finance students often find careers in banking, securities analysis, and portfolio management. In government, many choose to work for regulatory agencies.

Typical positions include financial analyst, capital budgeting officer, credit analyst, merger and acquisition manager, bank trust officer, portfolio analyst, and securities broker.

Visit the Drexel Steinbright Career Development Center for more detailed information on co-op and post-graduate opportunities.

Minor in Finance

Requirements

  • No more than 2 courses or 8.0 credits required by a student’s major may be counted towards this minor.
  • A grade of “C” (2.0) or better must be earned for each course in this minor for it to be counted.
  • No more than two transfer courses may be used to complete this minor. Transfer credits must be taken before matriculated at Drexel.
  • Students should check the pre-requisites of all classes when selecting electives. It is the responsibility of the student to know pre-requisites.
  • Business administration and business & engineering students may complete any of the business minors, including:  accounting, business, economics, entrepreneurship, finance, international economics, legal studies, management information systems, marketing, and operations management.

All prospective students should meet with an advisor from the College as soon as possible. Call 215.895.2110 to set up an appointment.



Required Courses
ACCT 115Financial Accounting Foundations4.0
ACCT 116Managerial Accounting Foundations4.0
FIN 301Introduction to Finance4.0
FIN 302Intermediate Corporate Finance4.0
FIN 321Investment Securities & Marketing4.0
FIN 325Financial Institutions and Markets4.0
Total Credits24.0

Courses

FIN 301 Introduction to Finance 4.0 Credits

Covers financial structure of a corporation, short-and long-term financial policies, sources and uses of capital funds, asset valuation, capital budgeting, and corporate growth.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman or Sophomore
Prerequisites: (ACCT 115 [Min Grade: D] or HRM 310 [Min Grade: D]) and (STAT 201 [Min Grade: D] or STAT 205 [Min Grade: D] or STAT 261 [Min Grade: D])

FIN 302 Intermediate Corporate Finance 4.0 Credits

Provides an in-depth treatment of long-term financing decisions, including estimation of the cost of capital, financial leverage, dividend policy, and working capital analysis.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: FIN 301 [Min Grade: C] and (STAT 202 [Min Grade: C] or STAT 206 [Min Grade: C])

FIN 321 Investment Securities & Markets 4.0 Credits

Covers stocks, bonds, other investment vehicles, and operation and regulation of the stock market.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman or Sophomore
Prerequisites: FIN 301 [Min Grade: C] and (STAT 202 [Min Grade: C] or STAT 206 [Min Grade: C])

FIN 323 Risk Management 4.0 Credits

Provides a fundamental understanding of risk and return, modern portfolio theory, asset pricing models, performance evaluation, and the use of derivatives to hedge and manage risk.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman or Sophomore
Prerequisites: FIN 321 [Min Grade: C] and (STAT 202 [Min Grade: C] or STAT 206 [Min Grade: C])

FIN 325 Financial Institutions and Markets 4.0 Credits

Covers understanding of the financial system from the money-creation process to the functioning of the Federal Reserve System to the role and management of financial institutions.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman or Sophomore
Prerequisites: FIN 301 [Min Grade: C] and (STAT 202 [Min Grade: C] or STAT 206 [Min Grade: C])

FIN 330 Derivative Securities 4.0 Credits

The analysis and pricing of derivative securities including futures and options: applications to risk management and portfolio management.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: FIN 323 [Min Grade: C]

FIN 332 Investment Analysis 4.0 Credits

Introduces investment analysis, with particular emphasis on financial statement analysis.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman or Sophomore
Prerequisites: FIN 321 [Min Grade: C]

FIN 335 Entrepreneurial Finance 4.0 Credits

The purpose of the course is to bring financial management decision, tools and techniques typically applied in corporate contexts into the realm of entrepreneurship. This course presents the importance of understanding and applying entrepreneurial finance methods and tools to help ensure a successful venture.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: FIN 301 [Min Grade: C]

FIN 338 Money and Capital Markets 4.0 Credits

Covers the organization and operation of the money and capital markets and key institutional financial intermediaries.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: FIN 325 [Min Grade: C]

FIN 340 Seminar in Finance 4.0 Credits

Covers current topics and selected cases in finance.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: FIN 302 [Min Grade: D] and FIN 321 [Min Grade: D] and FIN 325 [Min Grade: D]

FIN 341 Applied Portfolio Management 4.0 Credits

This course covers topics related to portfolio management. Students will learn how to analyze industries, select securities for inclusion in investment portfolios, and analyze portfolio performance. Students will participate in the management of a real investment portfolio for the duration of the course.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: FIN 321 [Min Grade: C]

FIN 342 Advanced Portfolio Management 4.0 Credits

This course covers advanced topics related to portfolio management. Students will learn how to analyze industries and the investment potential of individual securities in depth. They will also learn advanced methods for analyzing portfolio performance and investment strategy. Students will participate in the management of a real investment portfolio for the duration of the course.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: FIN 341 [Min Grade: C]

FIN 346 Global Financial Management 4.0 Credits

Examines the investment and financing strategies of multinational corporations. Covers topics including capital acquisition in the international environment, international investment borrowing, international corporate restructuring, currency swaps and recapitalizations, hedging techniques, and international risk-management instruments.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman or Sophomore
Prerequisites: FIN 301 [Min Grade: C]

FIN 350 Personal Finance 4.0 Credits

Covers key personal financial documents, taxes, credit, insurance, and investments.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Can enroll if classification is Junior or Senior.

FIN 498 Special Topics in Finance 12.0 Credits

This course covers techniques of investment analysis for different types of business firms. It includes financial risk analysis, stock valuation measures, and other topics of particular interest to finance students.

College/Department: LeBow College of Business
Repeat Status: Can be repeated multiple times for credit
Restrictions: Can enroll if classification is Senior.
Prerequisites: FIN 301 [Min Grade: C]

FIN 499 Independent Study 0.5-5.0 Credits

Independent Study.

College/Department: LeBow College of Business
Repeat Status: Can be repeated multiple times for credit

Finance Faculty

David A. Becher, PhD (Pennsylvania State University) Department of Finance. Associate Professor. Mergers and acquisitions, corporate governance, financial institutions.
Erik Benrud, PhD, FRM, CAIA, CFA (University of Virginia) Department of Finance. Clinical Professor. Economics/managerial economics: game theory; finance: alternative investments, derivatives.
Jie Cai, PhD (University of Iowa) Department of Finance. Assistant Professor. Investment banking, mergers and acquisitions, corporate finance and corporate governance.
Thomas Chi-Nan Chiang, PhD (The Pennsylvania State University) Marshall M. Austin Professor of Finance. Professor. International finance; time series analysis of financial data; econometric modeling & forecasting; financial markets; international risk management; monetary theory; macroeconomics; emerging markets; and global country funds.
Naveen Daniel, PhD (Arizona State University). Assistant Professor. Corporate governance, mutual funds, hedge funds.
Daniel Dorn, PhD (Columbia University) Department of Finance. Associate Professor. Capital markets and investments; behavioral finance.
Casey Dougal, PhD (University of North Carolina, Chapel Hill). Assistant Professor. Empirical asset pricing, financial media, behavioral finance, and urban economics.
Eliezer M. Fich, PhD (New York University) Department of Finance. Associate Professor. Empirical topics in corporate finance.
Michael Joseph Gombola, PhD (University of South Carolina) Head of the Department of Finance. Professor. Stock offerings and repurchases, mergers, acquisitions, and restructuring; working capital management, time series analysis; options and derivatives, financial statement analysis.
Amy Laura Kratchman, MBA (Drexel University) Department of Finance. Clinical Associate Professor. Portfolio management, specifically related to fixed income securities; investment management for pension and mutual fund companies, and fixed income securities.
Edward Nelling, PhD, CFA (University of Pennsylvania-Wharton) Department of Finance. Associate Professor. Investments; corporate finance; real estate finance.
Gregory Nini, PhD (The Wharton School, University of Pennsylvania). Assistant Professor. Creditor control rights, corporate governance, and firm value; insurance economics.
Patricia Robak, PhD (Lehigh University) Department of Finance. Clinical Associate Professor. Investments, money and banking, international finance.
Diana Sandberg, MS (Drexel University) Department of Finance. Clinical Associate Professor. Portfolio management, derivatives, investment management.
Samuel H. Szewczyk, PhD (Pennsylvania State University) Department of Finance. Associate Professor. Corporate governance, mergers and acquisitions, financial engineering, investment banking, financial institutions.
George Tsetsekos, PhD (The University of Tennessee) Dean, LeBow College of Business. Professor. Valuation and corporate restructuring, treasury and risk/hedging operations, investment banking, securitization, emerging capital markets, multinational finance, bank asset-liability management.
Ralph Walkling, PhD (University of Maryland) Stratakis Professor of Corporate Governance, Department of Finance. Professor. Corporate governance, mergers and acquisitions.
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