Finance Major

Finance, B.S.

The Bachelor of Science degree in Finance provides students with preparation to enter the financial services sector, work in a corporate setting, and enroll in graduate school. With a broad foundation in the liberal arts, the Finance major includes related courses in business and economics and core and elective courses in finance and economics. Courses include Business Finance, Financial Institutions and Markets, Money and Banking, Investment Analysis, Real Estate Finance, Bank Management, Financial Management, Personal Financial Planning, International Financial Management, Financial Derivatives, Management of Business Information and Business Law, and Business Ethics. The finance major is designed to develop students’ intellectual skills for problem solving, communication, critical thinking, technical and quantitative analysis, understanding of ethical issues and knowledge of principles, theories, and regulations in Finance.

Earning a bachelor of science degree in Finance requires the completion of all required major courses and electives in addition to university LAC requirements.

Finance Major Declaration
Students may declare a major in Finance at any time and be assigned a Finance Program faculty adviser. Current Eastern students can submit the Change of Major Form below to Karen Crowley – Webb Hall 423, crowleyk@easternct.edu, (860) 465-4627.


Minimum GPA
The minimum GPA Required to declare a major in Finance is 2.5. If your cumulative GPA falls below 2.5 for two consecutive semesters, you will be dismissed from the program. Students dismissed from the major may re-declare once their GPA is above 2.5 again.

Transfer Students
The Department of Business Administration and the Finance Program faculty extend a warm welcome to transfer students from within Connecticut, from other states, and from countries around the world. Please speak with one of our Finance faculty advisers on all transfer questions related to this major. Students must take at least 24 credits of courses in the Finance Major Program at Eastern to earn a degree in Finance at ECSU.



The following list of courses is the recommended course sequence for students seeking a bachelor of science in Finance. It’s recommended that students speak with their Finance faculty adviser to establish a course sequence which provides ample time for additional courses, professional work experiences and ensures a timely graduation. In addition to courses within the Finance major, Eastern requires the completion of various Liberal Arts Core (LAC) foundational courses.

Finance – Recommended Plan of Study
First Year Credits
LAC T1M Mathematics 3
LAC T1W College Writing 3
LAC T1HW Health & Wellness 2
LAC T1FY First Year Experience 3
LAC T1SS Social Sciences 3
ECO 200 Principles of Macroeconomics 3
ACC 201 Principles of Accounting I 3
BUS 205 Information Management 3
ECO 215 Statistics for Business and Economics 3
LAC LAC Tier 1 Art Course 3
LAC Other Tier 1 or Tier 2 categories 3
Total 32
Second Year Credits
ECO 201 Principles of Microeconomics 3
BUS 201 Principles of Management 3
LAC Tier 1 History Course 3
LAC Tier 1 Natural Science w/lab 4
ACC 202 Principles of Managerial Accounting 3
BUS 225 Principles of Marketing 3
FIN 245 Business Finance 3
BUS 250 Business Law I 3
BUS 260 Operations Management 3
LAC Tier 2 Cultural Perspectives Course 3
Total 31
Third Year Credits
BUS 301 Business Ethics 3
ECO 325 Money and Banking 3
FIN 346 Investment Analysis 3
FIN 347 Financial Institutions and Markets 3
FIN 348 Personal Financial Planning 3
FIN 438 Bank Management 3
FIN 445 Case Studies in Financial Management w/ Electronic Spreadsheets 3
FIN 446 Financial Derivatives 3
Minor or Elective Courses 6
Total 30
Fourth Year Credits
FIN 349 Real Estate Finance 3
FIN 437 International Financial Management 3
FIN 462 Seminar on Finance 3
FIN 490 Finance Internship 6
LAC Tier 2 Natural Science Course 3
LAC Tier 2 Creative Expression Course 3
Open Elective 3
Open Elective 3
Total 27



Finance Student Association
FSA enables its members to gain experience and exposure to a variety of career specializations related to finance. FSA encourages the financial career development of its members through both formal and informal contacts with financial professional from numerous financial career paths, sectors and firms.



To graduate with a bachelor of science degree in Finance, a total of 66 credits will be required in the major, consisting of 4 required core courses (12 credits), 7 required business core courses (21 credits), 7 finance core courses (24 credits) of related course requirements and 3 finance related electives (9 credits).

Finance majors must complete all courses listed below.


Finance – Major Requirements
Four Required Core Courses (12 cr.) Credits
ECO 200 Principles of Macroeconomics 3
ECO 201 Principles of Microeconomics 3
ECO 215 Statistics for Business and Economics 3
BUS 205 Information Management 3
Total 12
Seven Required Business Courses (21 cr.) Credits
ACC 201 Principles of Accounting 3
ACC 202 Principles of Managerial Accounting 3
BUS 201 Principles of Management 3
BUS 225 Principles of Marketing 3
BUS 250 Business Law I 3
BUS 260 Operations Management 3
BUS 301 Business Ethics 3
Total 21
Seven Required Finance Courses (24 cr.) Credits
FIN/BUS 245 Business Finance 3
ECO 325 Money and Banking 3
FIN 346 Investment Analysis 3
FIN 347 Financial Institutions and Markets 3
FIN 437 International Financial Management 3
FIN 445 Case Studies in Financial Management with Electronic Spreadsheets 3
FIN 490 Internship in Finance 6
Total 24
Three of the Following Finance Elective Courses (9 cr.) Credits
FIN 348 Personal Financial Planning 3
FIN 349 Real Estate Finance 3
FIN 438 Bank Management 3
FIN 446 Financial Derivatives 3
FIN 462 Seminar in Finance 3
Total 9
ECO 200 – Principles of Macroeconomics

Study of the principles of economics designed to acquaint the student with the organization and function of the American economic system. Discussion of money and banking, national income, public finance and an analysis of income determination, and the use of monetary and fiscal measures of stabilizing the economy.

ECO 201 – Principles of Microeconomics

Study of individuals and firms as economic decision-makers, the social institutions that influence choice, and introduces economic way of thinking. Course emphasizes the use of microeconomics theory to analyze its role and applications in our daily lives including current issues such as the distribution of income, labor issues, international trade, the role of government, welfare economics, and the environment.

Prerequisite: LAC student with T1SS course or GER student

BUS 205 – Information Management

The course introduces the use of information technology for ethical problem solving and decision-making across all major functions of organizations. Particular attention is given to the critical analysis, organization, communication and presentation of information for organizational planning and control, with critical reflection on project work.

Prerequisite: LAC student with T1M course or GER student

ECO 215 – Statistics for Business and Economics

A practical course in statistics with applications to economics, business and science. Emphasis placed on probability, probability distributions, statistical inference, correlation and regression.

Prerequisite: LAC student with T1M course or GER student

ACC 201 – Principles of Accounting

An introduction to the fundamental accounting concepts and generally accepted accounting principles. Emphasis is placed on understanding accounting as it is applied in serving the needs of business and society, the evolution of accounting, the basic accounting structure, and the preparation and interpretation of financial statements.

ACC 202 – Principles of Managerial Accounting

An introduction to the principles and concepts needed to generate information for managers. Emphasis is placed on managerial accounting principles, cost systems and strategic decision making.

Prerequisite: ACC 201

BUS 201 – Principles of Management

This course provides and introduction to the foundations of management. Instruction emphasizes the history of management; the practical use of theories, frameworks and models; integrating functional areas of business; and other special topics including: corporate culture, ethics, social responsibility, entrepreneurship; and international, public, and nonprofit management.

Prerequisite: ENG 100, 100P, 200, or HON 200

BUS 225 – Principles of Marketing

An introduction to the field of marketing. This course is designed to expose students to the elements of the marketing mix and processes involved in market planning and control. Concepts associated with buyer behavior, marketing information systems and product planning are discussed.

Prerequisite: ENG 100, 100P, 200, or HON 200

FIN 245 – Business Finance

Basic financial concepts of risk and return, time value of money, criteria for investment decisions, financial markets and securities, financing decisions, forecasting, asset management and dividend policy.

Prerequisite: MAT 101, ACC 201 or equivalent

BUS 250 – Business Law I

A study of the American legal system including a study of the history and development of law in general, a specific study of constitutional law as it applies to the business environment, the law of torts and crimes, dispute resolution methods, and the law of contracts and agency.

BUS 260 – Operations Management

Fundamentals of production planning and control, quality control and facilities management. Focuses on management systems for greater competitiveness in manufacturing and the service sector.

Prerequisite: MAT 216 Or Equivalent Statistical Course

BUS 301 – Business Ethics

In this course, students who are already familiar with the core areas of business administration and the ethical issues faced in those areas will engage in writing intensive examination of classical and modern approaches to business ethics and exploration of their own moral values.

Prerequisite: ACC 202, BUS 225, BUS 201, BUS 245, BUS 260, and LAC student with at least two Tier II courses or GER student

ECO 325 – Money and Banking

Examination of the monetary and banking system and its relation to the general economic system. The nature and functions of money, analysis of the operation of the commercial banking system, the role of the Federal Reserve System, and monetary policy are emphasized.

Prerequisite: ECO 200, ECO 201 and ENG 100, 100P, 200, or HON 200

FIN 346 – Investment Analysis

Principles and techniques of investment 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

FIN 347 – Financial Institutions and Markets

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

FIN 437 – International Financial Management

This course emphasizes that the multinational firm has become increasingly important as 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/FIN 245

FIN 445 – Case Studies in Financial Management with Electronic Spreadsheets

This course will build on concepts learned in BUS 245 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/FIN 245

FIN 490 – Internship in Finance

Intensive field work in finance, banking, stock markets, credit unions, savings and loans, brokerage firms, real estate and financial planning. Assignments in private, nonprofit and public institutions in areas such as manufacturing, retailing, finance, or government services. Student should schedule a minimum of two full days per week.

Prerequisite: Open only to Seniors; BUS 245; Instructor, Chair and Dean Approval Required

FIN 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.

FIN 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/FIN 245

FIN 438 – Bank Management

Bank Management covers the shift in the landscape of the banking industry and application 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.

FIN 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/FIN 346

FIN 462 – Seminar in Finance

This course may be applied to any appropriate area of specialization with approval of advisor or departmental chairperson. This course emphasizes selected special topics in financial management, banking, real estate finance, derivatives, financial planning and international finance.




faculty Dr. Chiaku Chukwuogor PHD – University of Nigeria
Finance Program Coordinator – Professor
office Webb Hall – Office 450
phone number (860) 465-5393
fax number (860) 465-4469

faculty Dr. Liu PHD – Florida International University
Professor
office Eastern Hall – Office 34
phone number (860) 465-4608
fax number (860) 465-4469