Finance

Major: Finance
Degree Awarded: Bachelor of Science in Business Administration (BSBA)
Calendar Type: Quarter
Total Credit Hours: 180.0
Co-op Options: Three Co-op (Five years); One Co-op (Four years); No Co-op (Four years)
Classification of Instructional Programs (CIP) code: 52.0801
Standard Occupational Classification (SOC) code: 11-3031;13-2052; 13-2041; 13-2051

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 security analysis, sales and trading, and investment banking 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.

Bachelor of Science in Business Administration (BSBA) Degree Requirements
General Education Requirements
CIVC 101Introduction to Civic Engagement1.0
COM 270 [WI] Business Communication3.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
ENGL 102Composition and Rhetoric II: Advanced Research and Evidence-Based Writing3.0
ENGL 103Composition and Rhetoric III: Themes and Genres3.0
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 Experience1.0
UNIV B201Career Management1.0
English literature elective ENGL 200 through ENGL 3993.0
Fine Arts elective3.0
History (HIST) elective4.0
Select two of the following:6.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
Applied Chemistry
Applied Physics
General Education 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, Global Studies, Language or Philosophy3.0
Social Science
Anthropology, History, Sociology, Political Science, Psychology3.0
Science
Computer Science, Information Systems, Science3.0
Additional General Education Electives
Twelve (12.0) credits must be earned by taking 4 courses from the following topics: Communication, English, Fine Arts, Global Studies, Language, Philosophy, Anthropology, History, Sociology, Political Science, Psychology, Computer Science, Information Systems, Math, Science12.0
Business Requirements
ACCT 115Financial Accounting Foundations4.0
ACCT 116Managerial Accounting Foundations4.0
BLAW 201Business Law I4.0
BUSN 101Foundations of Business I (Online students take BUSN 111)4.0
BUSN 102Foundations of Business II (Online students take BUSN 112)4.0
ECON 201Principles of Microeconomics4.0
ECON 202Principles of Macroeconomics4.0
FIN 301Introduction to Finance4.0
INTB 200International Business4.0
MGMT 450Strategy and Competitive Advantage4.0
MIS 200Management Information Systems4.0
MKTG 201Introduction to Marketing Management4.0
OPM 200Operations Management4.0
ORGB 300 [WI] Organizational Behavior4.0
STAT 201Introduction to Business Statistics4.0
Select one of the following:4.0
Introduction to Entrepreneurship
Business Consulting
Business Consulting for Nonprofits
Management Simulation
Business Statistics II
Major Requirements
Eight required courses (See Major Requirements list below)32.0
Free Electives18.0
Total Credits180.0
Required Finance Major Courses
FIN 302Intermediate Corporate Finance4.0
FIN 321Investment Securities & Markets4.0
FIN 325Financial Institutions and Markets4.0
Select five of the following:20.0
Risk Management
Derivative Securities
Investment Analysis
Entrepreneurial Finance
Money and Capital Markets
Seminar in Finance
Applied Portfolio Management
Advanced Portfolio Management
Global Financial Management
Corporate Financial Reporting to Executives
Personal Wealth Management
Total Credits32.0

Writing-Intensive Course Requirements

In order to graduate, all students must pass three writing-intensive courses after their freshman year. Two writing-intensive courses must be in a student's major. The third can be in any discipline. Students are advised to take one writing-intensive class each year, beginning with the sophomore year, and to avoid “clustering” these courses near the end of their matriculation. Transfer students need to meet with an academic advisor to review the number of writing-intensive courses required to graduate.

A "WI" next to a course in this catalog may indicate that this course can fulfill a writing-intensive requirement. For the most up-to-date list of writing-intensive courses being offered, students should check the Writing Intensive Course List at the University Writing Center. Students scheduling their courses can also conduct a search for courses with the attribute "WI" to bring up a list of all writing-intensive courses available that term. Transfer students need to meet with an academic advisor to review the number of writing-intensive courses required to graduate.

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
CIVC 101Introduction to Civic Engagement1.0
ECON 202Principles of Macroeconomics4.0
ENGL 102Composition and Rhetoric II: Advanced Research and Evidence-Based Writing3.0
MATH 102Introduction to Analysis II4.0
 Term Credits16.0
Term 3
ACCT 115Financial Accounting Foundations4.0
ENGL 103Composition and Rhetoric III: Themes and 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) elective4.0
Select one of the following:3.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
 
Applied Chemistry 
Applied Physics 
 Term Credits15.0
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 201Introduction 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 6.0
 Term Credits13.0
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 Major Courses (see major requirements for list)8.0
Free Electives 4.0
General Education Elective *3.0
 Term Credits15.0
Term 11
UNIV B201Career Management1.0
FIN Major Courses (see major requirements for list)8.0
ENGL 200 Through ENGL 399 3.0
Fine Arts Elective 3.0
 Term Credits15.0
Term 12
MGMT 450Strategy and Competitive Advantage4.0
FIN Major Course (see major requirements for list)4.0
Free Elective 4.0
General Education Elective*3.0
 Term Credits15.0
Total Credit: 180.0
*

 See degree requirements.

Writing-Intensive Course Requirements

In order to graduate, all students must pass three writing-intensive courses after their freshman year. Two writing-intensive courses must be in a student's major. The third can be in any discipline. Students are advised to take one writing-intensive class each year, beginning with the sophomore year, and to avoid “clustering” these courses near the end of their matriculation. Transfer students need to meet with an academic advisor to review the number of writing-intensive courses required to graduate.

A "WI" next to a course in this catalog may indicate that this course can fulfill a writing-intensive requirement. For the most up-to-date list of writing-intensive courses being offered, students should check the Writing Intensive Course List at the University Writing Center. Students scheduling their courses can also conduct a search for courses with the attribute "WI" to bring up a list of all writing-intensive courses available that term. Transfer students need to meet with an academic advisor to review the number of writing-intensive courses required to graduate.

Co-op/Career Opportunities

The finance program at Drexel prepares students for careers in corporate 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, personal financial planner, 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, business & engineering and economic students may complete any of the business minors, including: accounting, economics, international economics, legal studies, management information systems, marketing, business analytics, organizational management, technology innovation management, and operations & supply chain management. 
  • Cannot do a major and a minor in the same field of study

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

All prospective students should meet with an advisor from the College as soon as possible. Call 215.895.2110 to set up an appointment. Prospective students may also consult with the Finance Department.

Required Courses
ACCT 115Financial Accounting Foundations4.0
or ACCT 110 Accounting for Professionals
ACCT 116Managerial Accounting Foundations4.0
FIN 301Introduction to Finance4.0
FIN 302Intermediate Corporate Finance4.0
FIN 321Investment Securities & Markets4.0
FIN 325Financial Institutions and Markets4.0
Total Credits24.0

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. Associate 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). Associate 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) Department Chair, Finance. Professor. Stock offerings and repurchases, mergers, acquisitions, and restructuring; working capital management, time series analysis; options and derivatives, financial statement analysis.
Jennifer Juergens, PhD (Pennsylvania State University). Assistant Professor. Corporate Control and Mergers and Acquisitions; Corporate Governance; Executive Compensation; Investments; Securities Analysts
Amy Kratchman, MBA (Drexel University). Associate Clinical Professor. Investments; Portfolio Management
Michelle Lowry, PhD (University of Rochester) TD Bank Endowed Professor. Empirical corporate finance, including initial public offerings, mergers, and corporate governance
Edward Nelling, PhD, CFA (University of Pennsylvania-Wharton) Department of Finance. 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. Associate Clinical Professor. Investments, money and banking, international finance.
John Robinson, PhD (Arizona State University). Assistant Clinical Professor. Board of Directors; Capital Structure; Executive Compensation
Diana Sandberg, MS (Drexel University) Department of Finance. Associate Clinical 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 Emeritus, LeBow College of Business; Francis Professor of Finance. 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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