Bachelor of Science in Business Administration - Finance Major
Mohammed Najand, Chair
John Griffith, Chief Departmental Advisor
The financial management major comprises four tracks: finance, personal financial planning, real estate, and risk management and insurance. All satisfy the requirements listed below under one of the tracks. Finance graduates are qualified for corporate financial management positions such as financial analysts, capital budgeting managers, credit managers, or cash control and risk managers; portfolio management positions like securities analysts, account executives, or portfolio manager/analysts; bank management positions include lending officers, marketing officers, or loan analysts; or entrepreneurs running their own businesses. Real estate graduates are employed as appraisers, sales and leasing agents, property managers, developers, and lending officers. Risk management and insurance graduates become underwriters, claims adjusters, and sales managers.
Finance Major Course Work
| FIN 317 | Principles of Insurance and Risk Management | 3 |
| or FIN 319 | Principles of Real Estate | |
| FIN 435 | International Financial Management | 3 |
| FIN 431 | Investments | 3 |
| FIN 432 | Intermediate Financial Management | 3 |
| FIN 439 | Financial Decision Making | 3 |
| Major Electives | 9 | |
Select one of the following: | ||
| Introduction to Futures and Options | ||
| Management of Financial Institutions | ||
| Selected Topics in Finance | ||
| Intermediate Accounting I | ||
or ACCT 311 | Managerial Accounting | |
| Money and Banking | ||
Select two of the following: | ||
| Principles of Insurance and Risk Management | ||
or FIN 319 | Principles of Real Estate | |
| Cooperative Education | ||
| Finance, Real Estate and Insurance Internship | ||
| Finance, Real Estate and Insurance Internship | ||
| Life and Health Insurance | ||
| Employee Benefit Planning | ||
| Property & Liability Insurance Company Operations | ||
| Risk Analysis and Control | ||
| Introduction to Futures and Options | ||
| Management of Financial Institutions | ||
| Real Estate Finance | ||
| Real Estate Investment Analysis | ||
| Selected Topics in Finance | ||
| Public Economics | ||
| Urban Economics | ||
| International Economics | ||
| Intermediate Accounting I | ||
| Managerial Accounting | ||
| Free Elective | 3 | |
| 200-400 Level Business Elective * | 3 | |
| 300-400 Level Business Elective ** | 3 | |
| Total Hours | 33 | |
| * | Can be any 200-400 level course offered by the College of Business and Public Administration except ECON 200S, providing that the student has the appropriate prerequisites. |
| ** | Can be any 300-400 level course offered by the College of Business and Public Administration, providing that the student has the appropriate prerequisites. |
Courses included in the calculation of the 2.00 overall grade point average for major course work for graduation are:
| FIN 317 | Principles of Insurance and Risk Management | 3 |
| or FIN 319 | Principles of Real Estate | |
| FIN 435 | International Financial Management | 3 |
| FIN 431 | Investments | 3 |
| FIN 432 | Intermediate Financial Management | 3 |
| FIN 439 | Financial Decision Making | 3 |
| FIN Electives | 9 | |
Finance major, Personal Financial Planning track course work
| FIN 210S | Personal Financial Literacy | 3 |
| FIN 317 | Principles of Insurance and Risk Management | 3 |
| FIN 411 | Employee Benefit Planning | 3 |
| FIN 414 | Estate Planning | 3 |
| FIN 415 | Capstone in Financial Plan Development | 3 |
| FIN 431 | Investments | 3 |
| FIN 435 | International Financial Management | 3 |
| ACCT 421 | Taxation | 3 |
| Select two of the following Major Electives: | 6 | |
| Principles of Real Estate | ||
| Cooperative Education | ||
| Finance, Real Estate and Insurance Internship | ||
| Finance, Real Estate and Insurance Internship | ||
| Life and Health Insurance | ||
| Property & Liability Insurance Company Operations | ||
| Introduction to Futures and Options | ||
| Real Estate Investment Analysis | ||
| Federal Income Taxation of Individuals and Business Entities | ||
| Free Elective | 3 | |
| Total Hours | 33 | |
Courses included in the calculation of the 2.00 overall grade point average for major course work for graduation are:
| FIN 210S | Personal Financial Literacy | 3 |
| FIN 317 | Principles of Insurance and Risk Management | 3 |
| FIN 411 | Employee Benefit Planning | 3 |
| FIN 414 | Estate Planning | 3 |
| FIN 415 | Capstone in Financial Plan Development | 3 |
| FIN 431 | Investments | 3 |
| FIN 435 | International Financial Management | 3 |
| ACCT 421 | Taxation | 3 |
| Major Electives | 6 | |
Finance major, Real Estate track course work
| FIN 319 | Principles of Real Estate | 3 |
| FIN 431 | Investments | 3 |
| FIN 435 | International Financial Management | 3 |
| FIN 450 | Real Estate Finance | 3 |
| FIN 451 | Real Estate Appraisal | 3 |
| FIN 454 | Real Estate Investment Analysis | 3 |
| Select two of the following Major Electives: | 6 | |
| Urban Economics | ||
| Principles of Insurance and Risk Management | ||
| Cooperative Education | ||
| Finance, Real Estate and Insurance Internship | ||
| Finance, Real Estate and Insurance Internship | ||
| Property & Liability Insurance Company Operations | ||
| Intermediate Financial Management | ||
| Management of Financial Institutions | ||
| Selected Topics in Finance | ||
| Sales Management | ||
| Marketing Research | ||
| Professional Selling and Negotiations | ||
| Organizational Behavior | ||
| Fundamentals of Building Construction | ||
| Construction Planning and Scheduling | ||
| Construction Cost Estimating | ||
| Construction Project Management | ||
| Free Elective | 3 | |
| 200-400 Level Business Elective * | 3 | |
| 300-400 Level Business Elective ** | 3 | |
| Total Hours | 33 | |
| * | Can be any 200-400 level course offered by the College of Business and Public Administration except ECON 200S, providing that the student has the appropriate prerequisites. |
| ** | Can be any 300-400 level course offered by the College of Business and Public Administration, providing that the student has the appropriate prerequisites. |
Courses included in the calculation of the 2.00 overall grade point average for major course work for graduation are:
| FIN 319 | Principles of Real Estate | 3 |
| FIN 431 | Investments | 3 |
| FIN 435 | International Financial Management | 3 |
| FIN 450 | Real Estate Finance | 3 |
| FIN 451 | Real Estate Appraisal | 3 |
| FIN 454 | Real Estate Investment Analysis | 3 |
| Major Electives | 6 | |
Finance major, Risk Management and Insurance track course work
| FIN 317 | Principles of Insurance and Risk Management | 3 |
| FIN 435 | International Financial Management | 3 |
| FIN 413 | Risk Analysis and Control | 3 |
| FIN 443 | Seminar in Insurance and Risk Management | 3 |
| Select four of the following Major Electives | 12 | |
| Cooperative Education | ||
| Finance, Real Estate and Insurance Internship | ||
| Finance, Real Estate and Insurance Internship | ||
| Life and Health Insurance | ||
| Employee Benefit Planning | ||
| Property & Liability Insurance Company Operations | ||
| Investments | ||
| Introduction to Futures and Options | ||
| Management of Financial Institutions | ||
| Managerial Accounting | ||
| Free Elective | 3 | |
| 200-400 Level Business Elective * | 3 | |
| 300-400 Level Business Elective ** | 3 | |
| Total Hours | 33 | |
| * | Can be any 200-400 level course except ECON 200S, offered by the College of Business and Public Administration, providing that the student has the appropriate prerequisites. |
| ** | Can be any 300-400 level course offered by the College of Business and Public Administration, providing that the student has the appropriate prerequisites. |
Courses included in the calculation of the 2.00 overall grade point average for major course work for graduation are:
| FIN 317 | Principles of Insurance and Risk Management | 3 |
| FIN 413 | Risk Analysis and Control | 3 |
| FIN 435 | International Financial Management | 3 |
| FIN 443 | Seminar in Insurance and Risk Management | 3 |
| FIN Electives | 12 | |
Financial Management, Real Estate, and Risk Management and Insurance Minors
A minor in financial management requires the completion of:
| FIN 323 | Introductory Financial Management | 3 |
| FIN 431 | Investments | 3 |
| FIN 432 | Intermediate Financial Management | 3 |
| Select two of the following: | 6 | |
| Introduction to Futures and Options | ||
| Management of Financial Institutions | ||
| International Financial Management | ||
| Financial Decision Making | ||
| Total Hours | 15 | |
A minor in real estate requires the completion of:
| FIN 319 | Principles of Real Estate | 3 |
| FIN 450 | Real Estate Finance | 3 |
| FIN 454 | Real Estate Investment Analysis | 3 |
| Select two of the following: | 6 | |
| Investments | ||
| Real Estate Appraisal | ||
| Selected Topics in Real Estate | ||
| Total Hours | 15 | |
A minor in risk management and insurance requires the completion of:
| FIN 317 | Principles of Insurance and Risk Management | 3 |
| FIN 413 | Risk Analysis and Control | 3 |
| FIN 443 | Seminar in Insurance and Risk Management | 3 |
| Select two of the following: | 6 | |
| Life and Health Insurance | ||
| Employee Benefit Planning | ||
| Property & Liability Insurance Company Operations | ||
| Investments | ||
| Total Hours | 15 | |
For completion of a minor, the student must achieve a minimum overall cumulative grade point average of 2.00 in all finance courses required or allowed toward the minor exclusive of prerequisite courses and complete a minimum of six hours in upper-level courses in the minor requirement through courses offered by Old Dominion University.
FINANCE Courses
FIN 210S. Personal Financial Literacy. 3 Credits.
Lecture 3 hours, 3 credits. Prerequisite: MATH 102M. This is an introductory course dealing with various aspects of individual financial decision making, with an emphasis on short- and long-term personal financial planning. The course uses scenarios, practical cases, and special projects to provide concrete applications of abstract concepts.
FIN 317. Principles of Insurance and Risk Management. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisite: A declared major in the University or permission of the Dean's Office of the CBPA. Recommended elective for nonbusiness as well as business majors. The primary focus of this introductory course is on evaluating life, health, retirement, property, liability and personnel exposures to loss and analyzing the methods for managing these risks. Risk management and insurance techniques for dealing with potential losses to individuals and organizations will be emphasized.
FIN 319. Principles of Real Estate. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisite: A declared major in the University or permission of the Dean's Office of the CBPA. The fundamentals of real estate productivity and value are developed. Legal elements of real estate transactions, physical aspects of real estate location and production, and economic factors pertinent to real estate.
FIN 323. Introductory Financial Management. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisites: ACCT 201 or ACCT 226, ACCT 202 or ACCT 227, and ECON 202S, junior standing A declared major in the University or permission of the Dean's Office of the CBPA. Financial analysis, planning, and control in the business enterprise. An introduction to budgeting, problems in long- and short-term financing, sources of capital and financial markets.
FIN 331. Legal Environment of Business. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisite: A declared major in the University or permission of the Dean's Office of the CBPA. Introduction to the legal environment of business, providing the student with an understanding of the nature of public law and the regulation of business and of the basic principles which control business practices.
FIN 333. The Legal Environment of Electronic Commerce. 3 Credits.
Lecture 3 hours; 3 credits. Prerequisite: FIN 331, and a declared major in the University or permission of the Dean's Office of the CBPA. This course will focus on the identification and management of legal issues and problems that confront businesses taking part in the rapidly growing internet economy. Issues will include the establishment and protection of an online identity, electronic contracting, libel, product and firm disparagement, and unfair consumer practices.
FIN 367. Cooperative Education. 1-3 Credits.
1-3 credits (may be repeated for credit). Prerequisite: approval by the department and Career Management in accordance with the policy for granting credit for Cooperative Education programs and a declared major in the University or permission of the Dean's Office of the CBPA. Available for pass/fail grading only. (qualifies as a CAP experience).
FIN 368. Finance, Real Estate and Insurance Internship. 1-3 Credits.
1-3 credits. Prerequisite: a declared major in the University or permission of the Dean's Office of the CBPA. A transfer student must have completed one semester at Old Dominion University. Student participation in a professional work experience. Approval for enrollment and allowable credits is determined by the Finance CAP advisor and the Career Management Center in the semester prior to enrollment. (qualifies as a CAP experience).
FIN 369. Finance, Real Estate and Insurance Internship. 1-3 Credits.
1-3 credits. Prerequisites: a declared major in the University or permission of the Dean's Office of the CBPA. A transfer student must have completed one semester at Old Dominion University. A faculty supervised, professionally oriented project. Approval for enrollment and allowable credits is determined by the Finance CAP advisor. (qualifies as a CAP experience).
FIN 387. Honors: Introductory Financial Management. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisites: ACCT 201 or ACCT 226, ACCT 202 or ACCT 227, and ECON 202S and a declared major in the University or permission of the Dean's Office of the CBPA. A special honors section of FIN 323. Open only to students in the Honors Program in Business Administration.
FIN 388. Honors: Legal Environment of Business. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisite: a declared major in the University or permission of the Dean's Office of the CBPA. A special honors section of FIN 331. Open only to students in the Honors Program in Business Administration.
FIN 410. Life and Health Insurance. 3 Credits.
Lecture 3 hours; 3 credits. Prerequisites: FIN 317 and a declared major in the University or permission of the Dean's Office of the CBPA. This course uses a broad-based financial planning approach in considering the nature and importance of individual life and health risks and uses of individual life and health insurance in treating these risks. The implications of various legal, tax, and accounting considerations on businesses and individuals are discussed. The course also provides an overview of the operational aspects of life insurers, including organization, underwriting, actuarial, reassurance, marketing, investment, taxation, and accounting functions. Cases are employed.
FIN 411. Employee Benefit Planning. 3 Credits.
Lecture 3 hours; 3 credits. Prerequisites: FIN 317 and a declared major in the University or permission of the Dean's Office of the CBPA. This course considers the ability of group insurance and other private pooling mechanisms to alleviate the financial problems arising from death, disability, medical treatment and retirement. Primary emphasis on design, tax and administrative characteristics as they relate to employer-sponsored benefit programs.
FIN 412. Property & Liability Insurance Company Operations. 3 Credits.
Lecture 3 hours; 3 credits. Prerequisites: FIN 317 and a declared major in the University or permission of the Dean's Office of the CBPA. The course provides a broad overview of the operational activities and current problems of property and liability insurance companies, including organization, regulation, pricing, underwriting, claims, reinsurance, marketing, investment, and accounting functions. Through course projects, students will also investigate the major commercial property and liability exposures, including emerging exposures, and the risk transfer of these exposures through insurance.
FIN 413. Risk Analysis and Control. 3 Credits.
Lecture 3 hours; 3 credits. Prerequisites: FIN 317 or equivalent and a declared major in the University or permission of the Dean's Office of the CBPA. Recommended elective for nonbusiness as well as business majors. This course focuses on the risk analysis and control phases of the risk management process in business and governmental organizations. Particular attention is paid to the recognition, measurement, and treatment of pure risks, risk financing options other than commercial insurance, and decision making under conditions of uncertainty. Cases and computer analyses are employed.
FIN 414. Estate Planning. 3 Credits.
Lecture, 3 hours; 3 credits. Prerequisite: ACCT 421( or permission of instructor) and a declared major in the University or permission of the Dean's Office of the College of Business and PublicAdministration. This course is designed to provide students with a background in the field of estate planing. Topics will include wills and trusts, the probate system, estate and gift taxation, and fiduciary income taxation.
FIN 415. Capstone in Financial Plan Development. 3 Credits.
Lecture, 3 hours; 3 credits. Prerequisites: FIN 210S, FIN 317, FIN 411, FIN 431, and ACCT 421; and a declared major in the University of permission of the Dean's Office of the College of Business and Public Administration. Corequisite: FIN 414. This course is designed to provide students majoring in personal financial planning with the ability to integrate technical material from previous coursework and prepare a comprehensive financial plan. Emphasis will be on integrating knowledge, preparing a financial plan, and effectively communicating with a client. Case studies will be emphasized.
FIN 431. Investments. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 323 with a grade of C or better and a declared major in the University or permission of the Dean's Office of the CBPA. This course develops the financial tools and knowledge needed to select among alternative financial assets. The emphasis is on the individual investor. Real world experience includes stock analysis, portfolio simulations and interactions with professionals in the securities industry. (qualifies as a CAP experience).
FIN 432. Intermediate Financial Management. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 323 with a grade of C or better and junior standing. Theoretical framework relevant to decision making in financial management; capital budgeting, capital structure, cost of capital, and working capital management.
FIN 433. Introduction to Futures and Options. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 323 with a grade of C or better and 431 and a declared major in the University or permission of the Dean's Office of the CBPA. An introduction to the understanding of futures and options. Basic features and trading mechanisms; valuation of financial derivatives; methods of managing financial risk; arbitrage techniques; and speculation strategies.
FIN 434. Management of Financial Institutions. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisite: FIN 323 with a grade of C or better and a declared major in the University or permission of the Dean's Office of the CBPA. An examination of the objectives, functions, policies, organizational practices, and government regulations of financial institutions.
FIN 435. International Financial Management. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 323 with a grade of C or better and a declared major in the University or permission of the Dean's Office of the CBPA. Financial decision making involving flow and funds across national boundaries.
FIN 439. Financial Decision Making. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisite: FIN 432 with a grade of C or better and a declared major in the University or permission of the Dean's Office of the CBPA. Application of financial theory and techniques to the analysis and solution of actual financial problems. Case analysis.
FIN 443. Seminar in Insurance and Risk Management. 3 Credits.
Lecture 3 hours; 3 credits. Prerequisites: FIN 317 and at least two courses from FIN 340, 410, 411, 412, and 413, and a declared major in the University or permission of the Dean's Office of the CBPA. This course is designed as a capstone course for students concentrating in risk management and insurance. The class will read and discuss recent works concerning advanced topics in risk management and insurance. Additionally, students will work individually and in groups on projects and presentations related to current risk management and insurance problems of national and international significance.
FIN 450. Real Estate Finance. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 319 and 323 or permission of the instructor, and a declared major in the University or permission of the Dean's Office of the CBPA. Explores the different financing and ownership arrangements used in real estate transactions.
FIN 451. Real Estate Appraisal. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 319 and FIN 323 or permission of the instructor, and a declared major in the University or permission of the Dean's Office of the CBPA. Economic theories of value applied to real estate as a guide to business decisions.
FIN 454. Real Estate Investment Analysis. 3 Credits.
Lecture and discussion 3 hours; 3 credits. Prerequisites: FIN 319 and FIN 323 or permission of the instructor, and a declared major in the University or permission of the Dean's Office of the CBPA. Examination of developments in real estate valuation and investment with use of computer terminal models.
FIN 497. Selected Topics in Finance. 3 Credits.
3 credits. Prerequisite: permission of the department chair. For advanced students in financial management.
FIN 498. Selected Topics in Real Estate. 3 Credits.
3 credits. Prerequisite: permission of the department chair. For advanced students in real estate.
FIN 499. Selected Topics in Insurance. 3 Credits.
3 credits. Prerequisite: permission of the department chair. For advanced students in insurance.