Careers in Finance Professor Dan Greiner Coordinator, I-Core Professor Craig Holden Chair, Finance Dept. Undergraduate Committee Mandy Parris, Banking Analyst Bank One Finance Department Web Site:
Career Areas in Finance Major Areas: Major Areas: 1. Corporate Finance 2. Investments 3. Banking 4. International Specialized Areas: Specialized Areas: Financial Consulting Investment Banking Real Estate
Major Areas: (1.) Commercial Banking Credit Credit analyst loan officer Branch Manager Branch Manager Relationship Banking Relationship Banking Capital Markets Capital Markets
(2.) Corporate Finance Line Position Line Position plant management/planning Staff Position Staff Position corporate management/planning Treasury Treasury risk management capital acquisition mergers and acquisitions
(3.) Investments Sales Sales Trading Trading Research Research investment analysis product development
(4.) International Working outside of the U.S. or in the U.S. arm of a multinational corporation Working outside of the U.S. or in the U.S. arm of a multinational corporation International Financial Analysis International Financial Analysis International Investments International Investments International Banking International Banking
Specialized Areas: Financial Consulting Providing advising services Providing advising services business valuation litigation support capital acquisition restructuring Employers Employers Major accounting firms Management consulting firms
Investment Banking two-year analyst position two-year analyst position very competitive (i.e., it takes a high GPA) very competitive (i.e., it takes a high GPA)
Real Estate Real estate development Real estate development Corporate Corporate Sales Sales Financial institutions Financial institutions
Placement Information Finance students have approximately 12 interviews each in the BPO Finance students have approximately 12 interviews each in the BPO Although most find jobs through the BPO, a significant number find them through networking. Although most find jobs through the BPO, a significant number find them through networking graduates average starting salary = $42,442 Survey suggests it grows at 7%/year $53,000 after 3 years $61,000 after 5 years Some very high salaries
Required Courses: Required Courses: F303 Intermediate Investments F305 Intermediate Corporate Finance A310 Intermediate Financial Accounting - NEW - NEW A324 Cost Accounting (1.5 credit hours) One Course from: A327, A329, A420 A422 Four Finance Electives (12.0 credit hours) Four Finance Electives (12.0 credit hours) With at least 6.0 credit hours at the 400-level Finance Major: Finance Track, Option 1 - NEW
Finance Major: Finance Track, Option 2 Required Courses: Required Courses: F303 Intermediate Investments F305 Intermediate Corporate Finance A311 Intermediate Financial Accounting I A312 Intermediate Financial Accounting II A324 Cost Accounting (1.5 credit hours) One Course from: A327, A329, A420, A422 Three Finance Electives (9.0 credit hours) Three Finance Electives (9.0 credit hours) With at least 3.0 credit hours at the 400-level
Finance Electives 1. Corporate Finance F307 - Working Capital Management F402 - Corporate Financial Strategy F408 – Real Options and Strategic Capital Investment - NEW 2. Investments F335 - Security Trading and Market Making F420 - Fixed Income and Equity Investing F421 - Derivative Securities and Corporate Risk Management
Finance Electives 3. Commercial Banking G345 - Money, Banking, and Capital Markets F446 - Banking and Financial Intermediation 4. International F494 - International Finance 5. Entrepreneurial Elective F317 – Venture Capital and Entrepreneurial Finance 6. Real Estate Elective R305 – Introduction to Real Estate Analysis 7. Accounting Elective (for Option 1 majors only) One course from: A329, A422, A437, or (A327 and A420) – NEW
Investment Banking Workshop Limited to 25 students admitted as Juniors Limited to 25 students admitted as Juniors Scholastic achievement Interest in industry and leadership potential Speaker series Speaker series New York and Chicago trips New York and Chicago trips F428 - Industry background and financial modeling F428 - Industry background and financial modeling F429 - Project/deal development F429 - Project/deal development
Real Estate Track Same number of credit hours (24) as Finance Track Same number of credit hours (24) as Finance Track Take A310 Intermediate Financial Accounting Take A310 Intermediate Financial Accounting Take three specialized real estate courses Take three specialized real estate courses Introduction to Real Estate Analysis (R305) Real Estate Appraisals (R440) Real Estate Finance and Investment Analysis (R443)
Extracurricular activities Finance Club Finance Club Investment Banking Group Stock Market Club Stock Market Club
Panel Members Kevin Bouvy – Abbott Laboratories Kevin Bouvy – Abbott Laboratories Brian DeaKyne – Clifton Gunderson LLP Brian DeaKyne – Clifton Gunderson LLP Daniel Hintz – Merrill Lynch Daniel Hintz – Merrill Lynch Renne Holmquist – Protiviti Renne Holmquist – Protiviti Ben Pinsky – P & G/Finance Ben Pinsky – P & G/Finance Sean Triplett – GE Sean Triplett – GE