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Finance
The Finance curriculum is designed to familiarize the student with the institutions,
theory, and practice involved in the allocation of financial resources within the
private sector. It is also designed to incorporate foundation study in such related
disciplines as economics and the quantitative areas. Finance provides an educational
foundation for careers involving financial analysis and management, investment analysis
and portfolio management, investment banking, insurance and risk management, banking,
and international finance.
While only MATH 220 Elementary Calculus I or MATH140 Calculus I (MATH130 also
accepted) is required for the Finance major, students with a strong math background
are encouraged to complete both MATH140 Calculus I and MATH141 Calculus II. In addition,
these students are encouraged to complete MATH240 Introduction to Linear Algebra
because the material in this course provides a deeper understanding of finance.
Students with an advanced math background will be in a better position to compete
for admission to the
Quantitative Finance Fellows and the
Accelerated Finance Fellows programs. In addition, this quantitative background
will expand a student's career opportunities within finance.
Download complete degree requirements and/or a 4 year plan
New Requirements
Effective for students entering UM in Fall 2013 and later. Students who entered
UM prior to Fall 2012 have the option of adopting these new requirements. External
transfer students will be required to complete the new Smith School core requirements
(launched in 2011) beginning Fall 2013. Please consult your Smith School Academic
Advisor if you have questions.
Old Requirements
Effective for students entering UM in Fall 2012 through Spring 2013. External
transfer students will be required to complete the new Smith School core requirements
(launched in 2011) beginning Fall 2013.
Effective for students entering UM in Fall 2011 through Spring 2012. External
transfer students will be required to complete the new Smith School core requirements
(launched in 2011) beginning Fall 2013.
Effective for students entering UM in Spring 2008 through Spring 2011.
Effective for students entering UM in Spring 2008.
Effective for students entering UM from Fall 2005 through Fall 2007.
Effective for students entering UM from Fall 1996 through Spring 2005
Economics Requirements
One of the following
courses:
ECON 330 (formerly 430) Money and Banking or BMGT341 (formerly BMGT498G)
Financial Markets |
3 credits |
One of the following
courses:
ECON 305 Intermediate Macroeconomic Theory & Policy
ECON 306 Intermediate Microeconomic Theory
ECON 340 (formerly 440) International Economics
(Note: ECON 325 and ECON326 can substitute for ECON305
or ECON306 respectively) |
3 credits |
| Total |
6 credits |
Major Requirements
| BMGT 343 - Investments |
3 credits |
| BMGT 440 - Financial Management |
3 credits |
| Complete combined total of 3 courses (9cr) from the following options: |
9 credits |
BMGT 441 - Fixed Income (formerly
BMGT448A)
BMGT 442 - Advanced Portfolio Management (formerly BMGT448C)
BMGT 443 - Applied Equity Analysis and Portfolio Management
BMGT 444 - Futures and Options Contracts
BMGT 445 - Banking and Financial Institutions
BMGT 446 - International Finance
In addition, students can apply a maximum of one course (3cr) toward
this requirement from the following options:
BMGT 349 Private Equity Fund (formerly BMGT448B)
BMGT 448 - Special Topics in Finance
BMGT 449 - Investment Fund Management: Lemma Senbet Fund |
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| One of the following
courses |
3 credits |
BMGT 310 - Intermediate Accounting
I
BMGT 313 - Financial Statement Analysis
BMGT 332 - Operations Research for Management Decisions
BMGT 430 - Linear Statistical Models in Business
BMGT 434 - Introduction to Optimization |
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| Total |
18 credits |
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