The Finance major provides students with a sound foundation to move in a broad range of professional directions in Finance including the public, governmental, private, and not-for-profit sectors. In addition to having many UMW graduates working in these various areas, the College of Business invites many UMW graduates back to campus to interact with current students. The Finance major provides students with an opportunity to study investment analysis, management of banks and other financial institutions, and the financial management of corporations and other businesses.
Financial decision making is critically important in the business world, whether the context is entrepreneurial, corporate, or governmental economic policy. The minor in Finance is designed to provide students with the core fundamental coursework in mathematics, economics, and business to succeed in this area. A Finance major is required to take six (6) upper level finance and economics courses (in addition to FINC 301 Principles of Finance).
A student who has not declared a Business major is limited to taking no more than 27 hours in business or business related courses defined as those courses with the following prefixes: ACCT, BLAW, BUAD, DSCI, FINC, MKTG, MGMT, MIST, CIST, or LRSP.
Student Learning Outcomes
1. Students will demonstrate a working knowledge of accounting concepts.
2. Students will demonstrate a working knowledge of finance concepts.
3. Students will demonstrate a working knowledge of information systems concepts.
4. Students will demonstrate a working knowledge of management concepts.
5. Students will demonstrate a working knowledge of marketing concepts.
6. Students will understand global issues in business.
7. Students will understand ethical issues in business.
8. Students will think critically in solving complex business problems.
9. Students will effectively articulate business knowledge in oral communication.
10. Students will effectively articulate business knowledge in written communication.
11. Students will effectively apply research methods knowledge through defining research problem, formulating hypothesis, and data analysis.
To be admitted to the College of Business, students must have earned a cumulative grade point average of 2.0 or better after completing at least 27 college credits and a grade of C or higher in ACCT 102 Principles of Accounting II, and have met the criteria for major declaration set forth in the Academic Catalog.
The major in Business Administration is a Bachelor of Science degree. Business majors should note the degree requirements for B.S. degrees, found here.
Additional important information is contained in the description of B.A./B.S./B.S.Ed. General Education Requirements.
Please also note that the section of this Catalog outlining “University Academic Policies and Procedures” applies to students in the College of Business. Students with questions about general academic requirements should consult this part of the Catalog for guidance. All of the “Academic Resources” described in an earlier section of this Catalog are available as needed to students in the College of Business
Major Requirements
Required Prerequisites
| Code | Title | Credits |
|---|---|---|
| BLAW 201 | Legal Environment of Business | 3 |
| STAT 180 | Introduction to Statistics 1 | 3 |
| ECON 201B | Principles of Macroeconomics | 3 |
| ECON 202B | Principles of Microeconomics | 3 |
| Total Credits | 12 | |
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The following equivalent courses can be taken: ECON 361A Introductory Econometrics or PSYC 261A Introductory Statistics for Psychology.
Common Core
The Finance Major is one of five majors offered within the College of Business leading to the Bachelor’s of Science degree in Business Administration. All business majors are multi-disciplinary degrees that require students master concepts from across the business disciplines: Accounting, Business Administration, Business Law, Decision Sciences, Finance, Management, Management Information Systems, and Marketing. All majors share a common core of 30 hours of business classes. This common core consists of:
| Code | Title | Credits |
|---|---|---|
| Lower-Division Requirements | ||
| ACCT 101 & ACCT 102 | Principles of Accounting I and Principles of Accounting II | 6 |
| MIST 201 | Management Information Systems and Applications | 3 |
| Upper-Division Requirements | ||
| BUAD 350 | Business Communication | 3 |
| DSCI 352 | Analytics I: Predictive Models | 3 |
| DSCI 353 | Analytics II: Optimization Models | 3 |
| FINC 301 | Principles of Finance | 3 |
| MGMT 301 | Principles of Management | 3 |
| MGMT 490 | Strategic Management | 3 |
| MKTG 301 | Principles of Marketing | 3 |
| Total Credits | 30 | |
Upper Level Electives
Student must then complete an additional eighteen (18) credits of classes in Finance and Economics to earn a Bachelor of Science degree with a major in Finance. Upon completion of the program, student transcripts shall state their degree (Bachelor of Science in Business Administration) and their major.
| Code | Title | Credits |
|---|---|---|
| ECON 321 | Money And Banking | 3 |
| FINC 401 | Advanced Corporate Finance | 3 |
| FINC 430 | Financial Modeling | 3 |
| Select three of the following (one of which must be ECON 322A, FINC 411, or FINC 412): | 9 | |
| Investment Analysis | ||
| Introductory Econometrics | ||
| International Trade | ||
| International Finance | ||
| Personal Finance | ||
| Student Managed Investment Fund I | ||
| Student Managed Investment Fund II | ||
| Seminars in Finance | ||
| Individual Study in Finance | ||
| Finance Internship | ||
| Total Credits | 18 | |
Plan of Study
For a suggested plan of study for the Business Administration major, please contact the College of Business directly.
Business Faculty
Filiz Tabak, Dean for Faculty
Professors
Christopher J. Garcia
Lance C. Gentry
David L. Henderson, III
Kenneth D. Machande
Mukesh Srivastava
Xiaofeng Zhao
Associate Professors
Wei Chen
Kanchan Deosthali
Alexandra M. Dunn
Rachel L. Graefe-Anderson
Kashef A. Majid
John S. Marsh
Sayan Sarkar
Assistant Professors
Samira Fallah
Siang-Ru [Lulu] Huang
Tsung-Hsuan Yang
Senior Lecturers
John D. Burrow
Kimberley L. Kinsley
Smita Jain Oxford
Instructors
Durgesh Pattanayak
Christopher H. Willis