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Finance
The study of money and markets
Finance can be divided into three areas:
- Financial Management is the study of how managers obtain funds, manage working capital, and allocate funds to long-term investments. Every firm, no matter how small, needs someone to manage funds. A manager also uses financial information to assess the strategies of the firm and to assess whether the firm is achieving its objectives.
- Financial Makers and Institutions is the study of money markets (short-term debt) and capital markets (long-term debt and equity). Attention is given to how financial traders behave in a global market, the role played in the financial market by different financial institutions (commercial banks, credit unions, investment banks), and the effects upon the financial system of national and international policymakers.
- Investment is the study of how individuals manage portfolios and provide financial planning. Given the courses that the School of Business and Technology will offer and the internship opportunities it has started to create, CSS finance majors would be prepared to enter jobs in any of the three areas of finance.
The discipline of finance deals with matters related to money and markets, and nationally it is the undergraduate degree (among all business majors) that produces the highest average starting wages for graduates. The Finance degree incorporates the School of Business and Technology's focus on ethical decision-making and corporate social responsibility - these topics are of great importance given the well-publicized scandals in the finance and accounting industry in recent years.
Program benefits
Students who pursue the Finance major at St. Scholastica will benefit from the following features of our program:
- A broad-based core of business-related courses including management, accounting, marketing, computer science, economics, mathematics, statistics, and legal aspects of management.
- A requirement that students develop written and oral communication skills throughout the curriculum.
- A general education program in the liberal arts that includes courses in the humanities, sciences, and foreign language.
- Faculty with a commitment to teaching. Faculty members have training in Finance and many have extensive work experience in the field of Finance.
Major requirements
Lower Division Core Courses:
- College Algebra
- Principles of Management
- Principles of Microeconomics Principles of Macroeconomics, Principles of Managerial Accounting, Principles of Financial Accounting
- Information Systems Application
Upper Division Core Courses:
- Statistics
- Legal Aspects of Management
- Financial Markets and Financial Institutions Financial Management
- Investments
- Advanced Finance
Total Credits in Core Courses: 52
Total Credits Required for Major: 68
Minor requirements
20 Credits:
- Financial Management
- Advanced Financial Management
- Investments
- Multinational Business & Finance
- Financial Markets and Institutions
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