Apr 24, 2024  
2016-2017 Undergraduate Catalog 
    
2016-2017 Undergraduate Catalog [ARCHIVED CATALOG]

Finance, B.B.A.


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The B.B.A. degree with a major in finance requires a minimum of 120 credit hours of undergraduate course work. Fifty percent of this work, or 60 credit hours, must be taken outside of the College of Business. In counting the 60 credit hours of non-business courses, students may include all hours taken in General Education, up to a total of nine hours in economics (ECON courses must be counted as economics), and three hours of COB 191. Business Statistics . The remaining hours, to bring the total to 60, must be taken from any department outside the College of Business. Students should carefully select these non-business electives to help them gain additional knowledge and expertise for their careers and personal lives.

Students enrolled at James Madison University who wish to change their major to finance must first complete the change of major form, available from the Registrar’s Office website, signed by either the Department of Finance and Business Law department head or the finance major adviser. Further, students must be in good academic standing to change their major to finance and, if they have taken any FIN prefix courses at the time of the change request, must meet the prerequisites for the required courses in the finance major.

Students who plan to major in finance and earn a score on the Math Placement Exam sufficient for placement into MATH 235  are strongly encouraged to enroll in MATH 235 .

Required major courses provide finance majors with a foundation in financial management, investments and institutions. Electives within the major permit students to obtain an additional emphasis and explore other areas within the field of finance.

Degree Requirements


Courses


  • B.B.A. core courses 44-45 Credit Hours 1
  • Finance major requirements 25 Credit Hours
  • Free elective 3 Credit Hours 2
  • General Education  courses 41 Credit Hours 3
  • Non-business electives 6-7 Credit Hours

Footnotes


1 Up to seven hours of core requirements in economics and calculus may also be taken for General Education  credit.
2 Any course offered by the university.
3 The General Education  program contains a set of requirements each student must fulfill. The number of credit hours necessary to fulfill these requirements may vary.

Total: 120 Credit Hours


Additional Information


In addition to these core courses, the student majoring in finance must successfully complete 12 credit hours of finance elective courses. Finance electives include any 300-level or 400-level finance course other than FIN 301 , FIN 345 , FIN 499 and the finance major core courses.

A student may choose up to one of the following courses to satisfy the finance elective credit hours: ACTG 313 , ACTG 343 , ACTG 344 , ACTG 377 , BLAW 470 , BLAW 494 , BLAW 496 , BLAW 497 , BLAW 498, and CIS 330 . A finance major cannot take more than 10 Credit Hours of FINprefix courses in any one semester.

Major Requirements


Recommended Schedule for Majors


First Two Years


Students planning to major in finance must complete the 30-31 hour, lower-division B.B.A. core curriculum prior to enrolling in upper-division core courses, normally taken in the first semester of the junior year. It is expected that the lower-division core curriculum will be completed during the first two years of study along with most of the university General Education curriculum. Failing to complete all lower-division B.B.A. core requirements on time will delay enrollment in upper-division core and major courses.

Third and Fourth Years


Finance majors will follow the course schedule below to complete the final two years of their program. It is possible to deviate from this program, but care must be taken to ensure that all course prerequisites are met. Finance majors are encouraged to enroll in FIN 360  during the same semester as COB 300 or during the semester following completion of COB 300. Note that students taking FIN 360  concurrently with COB 300 will have more choices in finance electives in subsequent semesters because FIN 360  is a prerequisite for most finance courses. It is anticipated that students will complete the finance requirements in three semesters following COB 300.

Junior Year


Senior Year


COB 487  is required during a student’s senior year but may be taken either semester.

First Semester


  • Finance electives 6 Credit Hours

Second Semester


Concentrations


Though not required, finance majors may elect a concentration. The concentrations are financial analysis and risk management. Students electing these concentrations will be taking specific electives in place of the required four electives for the major. Finance majors who wish to declare a concentration may do so once accepted into COB 300 or during any semester following. A student must earn a 2.0 in the courses designated for a concentration in order to have successfully completed the concentration.

Financial Analysis Concentration


Many James Madison University finance graduates go on to careers in financial analysis, and the need for financial analysts remains strong. The financial analysis concentration helps prepare students for these careers and also Levels I and II of the Chartered Financial Analyst exam. Students wishing to declare and complete the financial analysis concentration must have a minimum of a “B” in COB 241  and COB 242 .

Because FIN 380. Elemental and Derivative Securities Analysis , is a prerequisite for FIN 450 , students electing this concentration are required to take FIN 380 , bringing the number of credit hours for this concentration to 15. Therefore, a student with this concentration is required to complete 28 credit hours in finance.

Risk Management Concentration


A focus in risk management is designed for finance majors pursuing a more in-depth review of the issues facing organizations and the tools needed to address those uncertainties. In the risk management concentration, students focus on the theory of risk management, risk identification, risk measurement and applications in the form of risk modeling techniques such as Value-at-Risk and Monte Carlo simulations.

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