Finance Specialization

The Finance specialization will provide you with the analytical tools and conceptual framework needed to evaluate financial firms and transactions. The specialization will position you strongly to become a financial leader in a variety of industries such as capital markets, commercial banking, corporate finance, financial analysis, consulting and wealth management.

11 credit hours required for specialization

First Year: Spring Semester
BUAD 6331 - Advanced Corporate Finance (strongly encouraged) OR

2 Credits

 

Building on the core finance class, this class will further develop a theoretical and applied understanding of corporate finance. The goal is to develop insights into the methods by which financial managers can create value for their shareholders.

First Year Free Choice Elective

Second Year: Fall Semester
BUAD 598C - Finance CAM (strongly encouraged)  OR

6 Credits

 

The module in Corporate Finance is designed to prepared students for careers in corporate financial decision-making, consulting, and financial analysis. The module aims to develop students' understanding of financial analytical tools and to improve students' ability to interpret and analyze issues typically faced by corporate controllers, treasurers, CFOs, and their staff.

Second Year Finance or Free Choice Elective

Second Year: Spring Semester
Second Year Finance or Free Choice Elective
Required a minimum of 8 (up to 11) credits for specialization
BUAD 6331 - Advanced Financial Management

2 Credits

 

Building on the core finance class, this class will further develop a theoretical and applied understanding of corporate finance. The goal is to develop insights into the methods by which financial managers can create value for their shareholders.

BUAD 598C - Finance CAM

6 Credits

 

The module in Corporate Finance is designed to prepared students for careers in corporate financial decision-making, consulting, and financial analysis. The module aims to develop students' understanding of financial analytical tools and to improve students' ability to interpret and analyze issues typically faced by corporate controllers, treasurers, CFOs, and their staff.

BUAD 6981 - Batten Fund

4.5 Credits

 

The Batten Fund project tasks 16 - 17 selected second year MBA students to research stocks in depth, develop an investment thesis, complete valuation analysis, sell the idea to fellow Batten analysts and track the performance of stocks within the Fund if their stock is selected by the group. The funds used are real dollars, donated 17 years ago by Frank Batten.

BUAD 6341 - Investment Mgmt: Equity Markets

1.5 Credits

 

This course will examine the structure and operation of equity markets, the theory and practice of portfolio management, equity valuation, investor behavior, performance measurement, and equity options.

BUAD 6351 - Investment Mgmt: Fixed Income Markets

1.5 Credits

 

This course will examine the structure and operation of fixed income markets, the characteristics and pricing the bonds, interest rates and interest rate risk management, credit risk, and fixed income portfolio management.

BUAD 6371 - International Finance Foundations

1.5 Credits

 

This course extends students' understanding of foundational concepts, tools, and techniques necessary to work in an international finance function. Using an applied approach, students develop deeper appreciation for the nature of global connectedness, including both trade and financial flows, and country risk assessment. The live case method engages students in currency markets and exchange rate determination. Management of global outsourcing arrangements, and compliance with the FCPA (Foreign Corrupt Practices Act) complete the course. This course is appropriate for all second year MBA students and for MAcc and Public Policy students with some macroeconomic background

BUAD 6381 - International Financial Management

1.5 Credits

 

This module covers important concepts in international economic and financial analysis, and stresses their use in the financial management of multi-national corporations, in international portfolio management, and foreign direct investment decisions.

Students can choose ONE of the following cross-listed courses for specialization
BUAD 6881 - Financing Entrepreneurial Ventures

3 Credits

 

Covers the essential principles of the risks and rewards associated with Private Equity and Venture Capital. Financial analysis of a business and risk/return characteristics, business valuation methods, and the financing sources are covered to better understand the required returns to risk investors. Other topics include: fundraising, early stage, middle state, and ultimately late stage investments; buyouts and exit strategies; the structuring of the "deal"; the creation of term sheets, negotiation strategies, and human capital and resources.

BUAD 6149 - Driving Organizational Performance

3 Credits

 

This course will cover managerial accounting topics such as: customer lifetime value estimation, cost of service delays, cost of quality analysis, time-driven Activity-Based-Costing, profit planning along the value chain, financial and operational forecasting, outsources, supplier choice and performance measurement, and analyses of profit drivers. This course replaces the Accounting for Business Strategies course, which met the cost credit requirement.

BUAD 6229 - Financial Statement Analysis

3 Credits

 

This course introduces students to the elements of financial statement analysis and increases students' ability to extract and use information from financial reports. While financial statements are prepared in accordance with specific accounting rules and principles, most of the numbers in financial statements are based on a set of assumptions and choices made by management. In this class, students learn how to identify and adjust for the effects of accounting choices on the comparability of reported earnings and other accounting performance measures across countries, across firms, and over time. Students also learn how to evaluate circumstances where accounting rules can cause disruptions in trends making it difficult to forecast earnings and free cash flows. In addition, students learn techniques to identify earnings management, as well as assess whether the financial statements reflect the riskiness of the firm. Finally, because many large companies operate in a global environment, the class will examine problems created by differences in accounting standards across countries (e.g., U.S. Generally Accepted Accounting Principles versus International Financial Reporting Standards), as well as issues inherent in multinational companies such as how foreign currency affects financial statements.

*If the Finance CAM is taken only ONE Finance elective (3 credits) must be taken.