Finance

Since virtually all business decisions have a financial dimension, an understanding of the financial implications of a decision is crucial for effective management. Our program, ranked No. 12 in the country by College Factual, helps Finance students develop a problem-solving, decision analysis framework centered around value creation and serving the consumer.

Courses

Undergraduate Courses

Prerequisites: ACG 203 and GFOB 100

This course deals with the financial management of the business enterprise and the role of the financial manager in value creation. Major topics include the time value of money, risk and return, security valuation, capital budgeting, cash and liquidity management, management of current liabilities, dividend policy, cost of capital, capital structure policy and the evaluation of alternative methods of financing.
3 Credit Hours

Prerequisites: BSIB major, ACG 203, and GFOB 100G

This course deals with the financial management of the business enterprise and the role of the financial manager in value creation. The focus of this course is the increasing global dimension that the financial managers must address. Major topics include the time value of money, risk and return, security valuation, capital budgeting, cash and liquidity management, management of current liabilities, dividend policy, cost of capital, capital structure policy and the evaluation of alternative methods of financing. While this course deals with common finance problems, these problems are analyzed in a broader context with an international emphasis. Sophomore standing is required.
3 Credit Hours

In this course students are introduced to the development of economic and financial forecasts for decision-making. Particular attention is given to the correlation of short term economic forecasts to sales trends in basic industries, interest rate levels, hot money movement, export-import balances, flow of funds, and true stock market performance. Financial models and statistical software will be used.
3 Credit Hours

Prerequisites: FIN 201 and MATH 201

This course offers a broad perspective on investment objectives and determinants of investment decision making. Students are introduced to the characteristics of different investment vehicles, the function and operation of the markets in which they trade, measurement of returns and risks associated with investing, and analytical pricing techniques of investment securities. Portfolio management is introduced as a framework for developing security-pricing models. This course is held in the state-of-the-art Financial Market Center (FMC), an environment which exposes students to real-time financial information and enables them to practice with tools that operate on such information to solve typical problems faced by financial professionals.
3 Credit Hours

Prerequisites: FIN 201

This course is an introduction to the American financial system including banks, insurance companies and the capital market institutions. Considered are the various aspects of financial instruments, institutions, and markets, as well as the economic, technological and legal framework in which they operate.
3 Credit Hours

Prerequisites: FIN 201 or FIN 201G and junior standing

This course provides a unique opportunity to explore the role of microfinance in economic development, both from a theoretical and practical view point. Students will study the various contributions to economic development, wealth creation and social venture capitalism.
3 Credit Hours

Prerequisites: FIN 201

This is an advanced course in the theory and practice of long-term financial management. The purpose of this course is to extend the student's understanding of the material initially discussed in FIN 201 and to fill in gaps in understanding of various theories of modern financial management. Potential topics include value creation and value-driven management, advanced topics in capital budgeting, the international aspects of long term financial management, options in corporate finance, capital structure theory and dividend policy, lease analysis, mergers and the market for corporate control, and financial engineering. Case analysis and computer-based problem solving are important components of this course.
3 Credit Hours

Prerequisites: FIN 201

This course examines methods of managing the financial aspects of multinational corporations. After reviewing the international monetary system, international finance, and international money and capital markets, students study financial policies and strategies of multinational corporations. Topics include the methods and process of financing international trade, hedging and arbitrage, risk analysis, and insurance and guarantee program. Also considered are the application of capital budgeting techniques and working capital management for foreign investments and tax considerations in making multinational financial decisions.
3 Credit Hours

Prerequisites: ACG 203, FIN 201 or FIN 201G and sophomore standing

This course is designed to prepare students to be more critical consumers of financial information. The focus of the course is the detailed understanding of financial information and how it can be used to make judgments about firm value. A central theme of the course is the role of management and strategy in presenting financial information. While this course will necessarily include some review of how financial statements are prepared, the emphasis is on how critical users can discover the "truth" about the firm and its industry.
3 Credit Hours

In this course students analyze and solve a diverse set of finance problems through the development of spreadsheet models concerning loan amortization, lease analysis, capital budgeting and risk analysis, cash budgeting, options pricing, capital asset pricing, and portfolio management. The course emphasizes the development of critical thinking skills, proficiency in research and use of financial data, and command of spreadsheet software such as Microsoft Excel.
3 Credit Hours

Prerequisites: FIN 201 and MATH 201

Non-speculative risk and its management are the focus of this course. Students consider the identification and measurement of risk, models of risk management and applications of different types of insurance. Self- insurance and applications of purchased insurance product strategies are explored.
3 Credit Hours

Prerequisites: FIN 201 and junior standing

This course is a study of instruments, methods, and institutions involved in real estate finance. Students examine the financial techniques of risk and return evaluation, as well as the changes in mortgage market and economic environment. Emphasis is placed upon business real estate.
3 Credit Hours

Prerequisites: Overall G.P.A. of 2.5 or greater, FIN 312, approval of a supervising faculty member, and approval of the department chair.

Finance internships give students the opportunity for supervised employment in an area where they can apply financial theories and principles. Interns work at least ten hours a week, meet periodically with a supervising faculty member, do research on their field of employment, and prepare a substantive report on work experience and research.
3 Credit Hours

Prerequisites: FIN 201, MKT 201 and senior standing

This course involves a semester-long computer simulation in which the participants, working together in small teams, play the management roles of competing multinational firms. Though the course heavily emphasizes finance, marketing, and production decision making, participants will need to master all aspects of running an enterprise. The course offers many noteworthy features: international scope, strategic focus, lots of written and oral communication, considerable analytic work using spreadsheets and various statistical packages, and coping with sticky ethical and environmental issues. Students will develop leadership, as well as team building skills. This course is cross-listed with BUS 413, MGT 413 and MKT 413.
3 Credit Hours

Prerequisites: FIN 312, Junior standing and approval of instructor are required

This is the first course in a two course sequence intended to serve as a capstone experience for students majoring in finance with a focus in investments. Students will learn the basic techniques of securities analysis. These skills will be honed through analysis of real firms, and presentations to audiences which include investments professionals. Even students who do not complete the second course in the sequence should derive significant educational benefits from this course. In addition, the professional polish gained through the experiential facets of the course should render graduates more attractive to employers. This course is held in the state-of-the-art Financial Markets Center (FMC) an environment that exposes students to real-time financial information and enables them to practice with tools that operate on such information to solve typical problems faced by financial professionals.
3 Credit Hours

Prerequisites: FIN 450

This is the second course in a two course student managed investment fund sequence which is intended to serve as a capstone experience for students majoring in finance with a focus in investments. Students will learn the basic tools and techniques of portfolio management such as asset allocation, diversification, security selection, measurement of portfolio risk and return, risk management and performance measurement. These skills will be honed through management of the Bryant University student managed fund, interaction with student securities analysts, and presentations to audiences which include investments professionals. A high level of professionalism will be required of all students admitted to this course. This course is held in the state-of-the-art Financial Markets Center (FMC), an environment that exposes them to practice with tools that operate on such information to solve typical problems faced by financial professionals.
6 Credit Hours

Prerequisites: FIN 312 and junior standing

In this course students are introduced to exchange traded and over-the-counter options, futures and other derivative securities. Development of pricing models from arbitrage arguments are used as the basis for identifying speculative and hedging applications involving equity securities and commodity options and futures. Applications of derivatives on equity securities in investments and corporate financial management are developed.
3 Credit Hours

Prerequisites: FIN 312 and Junior standing

The analysis, selection and management of debt securities are the topics in this course. The increasing complexity of the types and characteristics of debt securities being issued globally requires special analysis, along with an understanding of options and futures concepts. This course exposes students to the analytical concepts used in the fixed income market, and provides concrete practical applications of those concepts to the analysis of securities for pricing and risk management purposes.
3 Credit Hours

Prerequisites: FIN 201 or FIN 201G, FIN 312 and junior standing

In this capstone class, students undertake a detailed study of long-term financial management. Using an overarching theme of value creation, students will examine such topics as capital budgeting, capital structure, leasing, project financing, corporate valuation, real options, mergers and acquisitions, LBOs, MBOs, dividend policy, hedging and managerial compensation. By employing a case study approach focusing on complex problems, students gain a deeper understanding of corporate forecasting, capital budgeting, cost of capital analysis, and the financing of capital investments.
3 Credit Hours

Prerequisites: FIN 201 and FIN 312

Contemporary finance is a highly quantitative and technological field. The performance of global investments are evaluated and managed by increasingly more complex mathematical tools. This survey course will provide students the fundamental steps of technical and financial sophistication they need to solve critical problems and will develop their ability to successfully understand and communicate with industry professionals and investment clients both in the U.S. and around the world. The students will learn about the process of financial engineering. The course will utilize advanced mathematical methods.
3 Credit Hours

Prerequisites: ACG 203, FIN 201, and MATH 201 and Junior standing

This course introduces students to a variety of tools for managing and analyzing “big data” in the field of finance. Finance benefits from the availability of very rich numerical and textual records, and the goal is to provide students with sufficient exposure to these resources to understand their applicability to financial decision making situations, while at the same time providing familiarity with a set of open source analytical tools that can make such sources accessible.
3 Credit Hours

Prerequisites: FIN 201 and senior standing

This course explores the theory and practice of managing depository institutions in today's dynamic banking environment. The course examines asset and liability management strategies and impacts on profitability of depository institutions.
3 Credit Hours

Prerequisites: FIN 458 and junior standing

This course is an experiential portfolio management class focused on Fixed Income Markets. The course is part of the Archway program and students participate in the activities of the overall program. The central activity in the course is the management of the fixed income allocation within the Archway Investment Fund (AIF) according to the guidelines and constraints outlined in the Investment Policy Statement that governs the portfolio.
3 Credit Hours

Prerequisites: FIN 201, FIN 311 or FIN 380, FIN 312 and an overall GPA of 3.0 or greater, approval of a supervising faculty member, and approval of the department chair.

This course allows senior finance concentrators to do in-depth study or research under the direction of a member of the Finance Department.
3 Credit Hours

Prerequisites: FIN 201 or FIN 201G and MGT 201 or MGT 201G.

In this survey course students are introduced to the management of funds that flow behind goods and services traded around the world. Students will examine the tools, challenges, developments and opportunities of the field. In 1973 world merchandise exports were a mere $579 billion, by 2010 the figure was almost $15 trillion while by 2015 it had jumped to $19 trillion. The advent of globalization and the economic development of emerging countries have created nothing short of a revolution in the physical supply chain. A similar change has taken place in the financing side. Students will learn about commodity hedging, letters of credit, open accounts, export insurance and factoring; as well as understanding how working capital management affects the GSC.
3 Credit Hours

Graduate Courses

This course is designed to allow an individual academic program to be tailored to fit the unique interests of a graduate student. At the initiation of the graduate student, the faculty member and the student will develop an academic plan that is submitted to the College of Business for final approval.
3 Credit Hours