The Finance Major

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CONTACT

University of Nebraska–Lincoln

Undergraduate Programs

CBA 114
1240 R Street

P.O. Box 880405

Lincoln, NE 68588-0405

+1-402-472-2310

cbaundergrad@unl.edu

Make your next financial move your finest with a Big Ten degree from the UNL College of Business Administration!

The goal of any financial system is to allocate monetary resources to those individuals, companies and governmental units that have the best ideas for usage. The study of finance focuses on the organization and development of capital markets and financial institutions in achieving the optimal usage of funds. As a finance student, you might want to examine how conflict of interest affects managerial performance, how risk influences investment decisions or how investor psychology can impact the price of stocks and bonds. The finance faculty offer strong support for the exploration of such topics and the curriculum is designed to prepare students in areas of high employment demand.

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A solid understanding of the finance role is becoming ever more essential in the management of public, private, and nonprofit organizations The basic course, FINA 361 (required of all students in the College), presents the institutional background, theory, and decision-making skills essential to an understanding of the corporate finance function. The major theoretical issues and the financial techniques that are used to analyze capital management problems are investigated.

The department also offers a course in personal finance – FINA 260 – that exposes students to basic financial concepts such as personal taxes, investment opportunities, insurance issues and retirement planning. The personal finance course is open to all university students and has no prerequisites. Successful completion of FINA 260 satisfies ACE Outcome 6 in the University general education requirements.

The Finance major offers coursework in the following areas of specialization:

  • Banking and Financial Institutions
  • Risk Management and Insurance
  • CFA® –Investments
  • General Finance
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Finance student must declare one of these specializations as a formal option within their major. Multiple options cannot be chosen.

The finance department faculty hold student advising sessions every semester to discuss course offerings and curriculum requirements. Students are highly encouraged to attend these sessions and to meet with their CBA advisers on a regular basis. The department chair is also available to answer questions regarding the selection of courses or other questions related to the finance curriculum.

Major Requirements

Core Requirements
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  • In addition to the College Degree Requirements, as listed in the College Section of this online catalog, students will complete 24-30 hours of course work for the major.
  • All students, regardless of their major or interests in the College will take Finance 361 as part of the Business Core Intermediate requirements.
  • As noted in the College Degree Requirements section, all course work for the major must be taken for a grade Exception: FINA 097 for the CFA® option which is 0 credit hours, p/n.
  • Course work for the major must be selected from the approved list of courses
  • FINA 399/499 may NOT be counted toward the major, options, or minor
  • Required core finance courses cannot be counted as course work in the options
  • ALL majors must take an International Business Course. Students in all options, except the CFA® - Investments Option, who use FINA 450 to satisfy this requirement may also count it as part of the major. For students in the CFA® - Investments Option, FINA 450 will count as an elective.
Specific Major Requirements
  • Requirements for students interested in pursuing the bachelor of science degree with a major in finance will complete 12 hours of core finance course and complete one finance option consisting of 12-18 hours to meet the requirements for Business Core Advanced-Major (BCA-M)
  • Required core finance courses (12 hours):
    • Finance 338, Principles of Corporate Risk management
    • Finance 363, Investment Principles
    • Finance 365, Financial Institutions and Markets
    • Finance 461, Advanced Finance

The non-core coursework is organized around the following options:

  • Banking and Financial Institutions
  • Risk Management and Insurance
  • CFA®–Investments
  • General Finance

Finance student must declare one of these specializations as a formal option within their major. Multiple options cannot be chosen.

General Finance Option (12 hours)
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The General Finance Option allows a student to pursue a broad range of interests in the finance field. Students can select from courses in Real Estate, International Finance, Insurance, Insurance and Investments. A solid understanding of the basic finance function is provided with this option that prepares students for entry-level positions in the management and operation of public, private, and nonprofit financial organizations.

  • 3 hours from:
    • ECON 311, Intermediate Macroeconomics
    • ECON 312, Intermediate Microeconomics
    • ACCT 308, Managerial Accounting
    • ACCT 313, Intermediate Accounting
    • FINA 375, Financial Statement Analysis
  • 6 hours of 300/400-level Finance Courses
  • 3 hours of 400-level Finance Courses
Banking and Financial Institutions Option (15 hours)

The Banking and Financial Institutions Options is designed for students wishing to prepare for a career in the financial services industry. Coursework emphasizes the decisions that financial managers make. The role of both bank and non-bank institutions in economic growth and development are examined. Designated scholarships for study of this option are available and internship opportunities are supported and encouraged.

  • FINA 260, Personal Finance or AECN 495A, Bank Internship
  • FINA 307, Principles of Individual Risk Management & Insurance OR FINA 382 Real Estate Principles & Practice
  • FINA 375, Financial Statement Analysis or ACCT 313 & 314 - Intermediate Accounting I & II
  • FINA 412, Life and Health Insurance OR FINA 482, Real Estate Finance
  • FINA 465, Bank Management
Risk Management and Insurance Option (15 hours)

The Risk Management and Insurance Option focuses on the study of methods used to manage activities whose outcome cannot be forecast with certainty. Individuals and organizations utilize risk management tools to reduce the uncertainty of achieving specific goals and targets. Risk management has become a central management function applicable to every area of management specialization.

  • FINA 307, Principles of Individual Risk Management & Insurance
  • FINA 438, Enterprise Risk Management
  • FINA 467, Options, Futures and Derivatives
  • Choose TWO additional courses from the following, one of which must be Fina 412 or Fina 413:
    • FINA 412, Life & Health Insurance
    • FINA 413, Social Insurance
    • FINA 375, Financial Statement Analysis
    • MNGT 437, Computer-Aided Analysis in Decision Making
    • FINA 450, International Financial Management
    • FINA 463, Security Analysis and Buffett Business Valuation
CFA® – Investments Option (18 hours)

The CFA option is available only to students who are currently in Finance 361.

The CFA® -Investments Option is a technical program designed to immerse students in the art and science of the management of financial assets. UNL’s Finance Department is a CFA®® Program Partner and the course material covered in this option meets the requirements of the Chartered Financial Analysts Program Partnership. A year-long portfolio management course with students investing real dollar funds is a part of this curriculum. Students completing this option would be expected to sit for the Level I, CFA® exam.

  • ACCT 313, Intermediate Accounting I
  • ACCT 314, Intermediate Accounting I
  • FINA 467, Options, Futures and Other Derivative Securities
  • FINA 468, Portfolio Practicum I
  • FINA 469, Portfolio Practicum II
  • FINA 482, Real Estate Finance
  • FINA 097, Ethics Assessment

Minor Requirements

Finance majors are encouraged to minor (or double major) in accounting or economics. The finance department does not prohibit the double-counting of hours used to obtain a minor or double major.

Finance minor is available to College of Business Administration students only.

Finance course work used for this minor cannot be double counted toward business core foundation (BCF) intermediate (BCI) or advanced-major (BCA-M; BCA-A) degree, for another major, or any other business minor requirements.

All course work for the minor must be taken for a grade.

FINA 399/499 may NOT be used toward the minor.

To fulfill the requirements for a finance minor, students must complete 12 hours of the following:

  • FINA 338, Principles of Corporate Risk Management or FINA 363, Investment Principles
  • FINA 365, Financial Institutions & Markets
  • 3 hours of 300/400-level finance course work
  • 3 hours of 400-level finance course work

Additional Information

For more information on majors in the College of Business Administration at the University of Nebraska, go to http://www.cba.unl.edu/programs/

If you would like more information regarding the undergraduate program in the School of Accountancy, contact:

University of Nebraska–Lincoln

Undergraduate Programs

CBA 114
1240 R Street

P.O. Box 880405

Lincoln, NE 68588-0405

+1-402-472-2310

cbaundergrad@unl.edu