Finance Concentration

Finance Concentration in Business Administration Major
Financial management directs the allocation of resources to businesses and individuals that shape the modern global economy. Eastern’s Business Administration Major with a Finance Concentration provides a solid foundation to the financial concepts of risk and return, time value of money, investment strategies, and forecasting.

The Finance concentration courses provide in depth examinations of investment analysis techniques, financial institutions, modern financial instruments, global financial markets as well as personal financial management. Through careful course selection, individuals may specialize so as to pursue careers as financial analysts and planners, real estate specialists, financial brokers, bank managers, and various other organizational finance officers.

Students pursuing a Finance Concentration are encouraged to join the Eastern Finance Association student club

Concentration Requirements
A minimum of 9 unique credit hours from any of the following 300 and 400 level elective courses is required to complete a Finance Concentration in addition to a student’s Business Administration major courses.

Complete 3 Courses Listed Below (9 credits) Credits
BUS 345 Advanced Topics in Business Finance 3
BUS 346 Investment Analysis 3
BUS 347 Financial Institutions and Markets 3
BUS 348 Personal Financial Planning 3
BUS 349 Real Estate Finance 3
BUS 437 International Finance Management 3
BUS 438 Bank Management 3
BUS 445 Case Studies in Financial Management using Electronic Spreadsheets 3
BUS 446 Financial Derivatives 3
BUS 345 – Adv Topics Business Finance

Application of financial concepts and techniques to corporate decisions, including capital budgeting, capital structure, leasing, mergers and asset management.

Prerequisite: BUS 245 or Equivalent

BUS 346 – Investment Analysis

Principles and techniques of investment in securities with a continuous appraisal of the economic setting. The mathematics of investment, the role of investment banking houses, stock exchanges and over-the-counter market, federal and state regulations of trading in bonds and equities.

Prerequisite: BUS/FIN 245 or Equivalent

BUS 347 – Financial Institutions&Mkts

This course introduces concepts associated with the Reserve bank, commercial banks, savings and loans, credit unions, money market funds, insurance companies, pension and mutual funds, security brokers and other suppliers of financial services and the way they interact with financial markets, money markets and capital market to achieve an effective financial system. These financial institutions and markets form the foundation of any monetary systems.

Prerequisite: ECO 200

BUS 348 – Personal Financial Planning

This course reviews the institutions, instruments and techniques of personal finance planning. It concentrates on the areas of risk management, establishing budgets, tax management, investments, retirement planning and estate planning.

BUS 349 – Real Estate Finance

Real Estate Finance covers the fundamental principles of real estate business regarding property, contracts, agencies, listings, different methods of real estate financing, deeds, liens and encumbrances, escrows and title insurance, land descriptions, real estate mathematics, income properties, real estate management and leasing, taxes and real estate deals. It further explores the main objectives of investing in real estate mortgages and mortgage backed securities.

Prerequisite: BUS or FIN 245

BUS 437 – International Financial Mgmt

This course emphasizes that the multinational firm has become increasingly important as a facilitator of international trade as well as a producer in host countries where its affiliates are located. This course underscores the fact that within the past decade, the global integration of money and capital markets has created expanded opportunities for both investors and organizations that need to raise capital.

Prerequisite: BUS or FIN 245 or Equivalent

BUS 438 – Bank Management

Bank Management covers the shift in the landscape of the banking industry and applications of theory in a decision-making framework. It provides the foundation necessary to understand the unique risks faced by depository financial institutions and demonstrates how commercial bank management effectively deals with these risks.

Prerequisite: BUS 245

BUS 445 – Case Studies Financial Mgmt

This course will build on concepts learned in BUS 345 through the use of case studies. In addition, students will learn how to use electronic spreadsheets to perform many of the calculations inherent in these case studies thereby allowing the student to focus on the interpretation and understanding of the results.

Prerequisite: BUS or FIN 245

BUS 446 – Financial Derivatives

This course introduces concepts associated with options, futures, interest rate and currency swaps. In addition, financial engineering will be discussed so that students will gain an understanding of the process of creating new financial securities.

Prerequisite: BUS or FIN 346 or Consent of Instructor