Purpose
Finance is a discipline dealing with the allocation of funds within an organization and the acquisition of funds to meet its current and future needs. The finance specialization is designed for students who are interested in financial management as it relates to both financial and non-financial firms. Areas of emphasis included within the finance specialization are business financial analysis and management, investment analysis and management, financial markets and institutions management, risk analysis and management, and personal financial planning. Career opportunities associated with the finance specialization include, but are not restricted to, the following: cash management, credit management, financial analysis, capital budgeting, investment analysis, securities analysis, portfolio management, securities brokering, commercial lending and loan management, retail bank management, risk management, insurance company operations and management, and personal financial planning and management.
Concentration in Financial Planning
The Concentration in Financial Planning within the Finance Specialization is designed to provide students with an academic and professional level of education in the field of financial planning and to prepare them to advise individuals on issues of insurance, investments, tax, retirement, and estate planning. The Financial Planning Concentration requires students to complete the following eight courses (24 credit hours): FIN 3400 , FIN 3500 , FIN 4130 , FIN 4140 , FIN 4210 , FIN 4350 ; ACCT 3410 , & ACCT 4440 .
As the Financial Planning Concentration Program is officially registered with the Certified Financial Planner (CFP®) Board of Standards, upon successful completion of the concentration, students will meet the educational requirements of the CFP® Board of Standards and be eligible to sit for the CFP® certification examination. Successful completion of the CFP® exam, along with meeting other CFP® Board of Standards requirements, is necessary to receive the CFP® designation.
Concentration in Financial Analyst
The Concentration in Financial Analyst is designed for business students to prepare them to become successful financial management/investment professionals with CFA professional designation. The program offers the academic and professional levels of education covering a significant portion of the CFA Program Candidate Body of Knowledge (CBOK). The Financial Analyst Concentration requires students to complete ECON 3030 as part of BSBA Business Core and the following seven finance courses (21 credit hours): FIN 3400 , FIN 3500 , FIN 4350 , FIN 4130 , FIN 4360 , FIN 4450 & FIN 4550 beyond the general degree requirements for a BSBA degree.
Upon completion of program requirements, students can sit for Level I Exam of the CFA Institute, the first step to become a CFA holder. BGSU’s Finance Specialization Program is recognized as CFA Institute’s University Affiliation Program (UAP). Based on students’ progress toward the completion of program requirements, students may apply for UAP Student Scholarships which will partially subsidize fees for initial registration and CFA Level I Exam (Reference: Student Guide to UAP Student Scholarships: http://cfainst.is/StudentGuide).
Learning Outcomes
Student completing the Bachelor of Science in Business Administration will demonstrate their ability to:
- Apply business knowledge to solve practical problems and make informed business decisions.
- Analyze business problems to evaluate different perspectives, propose effective solutions, and justify choices using critical thinking and evidence-based decision-making.
- Develop persuasive business presentations and reports that effectively convey information and ideas to diverse audiences.
- Evaluate ethical dilemmas in business situations, considering multiple perspectives, and justify choices based on ethical principles and professional standards.