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Finance Major Guide for 2009-2010

What is Finance

Finance is the study and practice of making decisions involving money in a variety of contexts.  Finance is studied so that people can allocate their scarce resources over time under conditions of uncertainty.  Through the finance major, students will gain an understanding of the principles of financial management, including investment and portfolio management, financial markets and institutions, and financial theory and practice.  Students may choose courses to suit their particular career goals, such as insurance and financial planning management, real estate finance and investment analysis, and international finance.

Career Opportunities in Finance

Finance majors are in demand in a variety of business sectors, including banking, corporate and public finance, insurance, personal financial planning, real estate, investment banking, and money management.

Salary Trends in Finance

For 2007-2008, the average accepted salary for UT graduates with a major in finance (Bachelor of Science in Business Administration) was $41,706.  For additional salary information by occupation in the U.S. or for individual states, visit the Bureau of Labor Statistics’ National Compensation Survey website.

High School Preparation

High school students should follow a college preparatory curriculum and take their high school’s recommended courses in Math, English, and Foreign Language.  Appropriate electives include any business courses, as well as courses in computer software applications and written and oral communication.  The College of Business Administration further encourages all high school students to 1) explore international business issues and opportunities, 2) participate in student organizations and clubs, and 3) volunteer in their community.

How to Major in Finance

All students admitted into the College of Business Administration are admitted as pre-majors and must earn admission to a major prior to the completion of 75 hours of coursework.

To earn admission to the finance major, students must attain a minimum cumulative grade point average of 2.75 in the following coursework or honors equivalents:
Mathematics 123-125 or 141-142 (6 or 8 hours);
Written Communication (3 hours from English 255 or 295);
Oral Communication (3 hours from Communication Studies 210 or 240);
Accounting 200 (3 hours);
Economics 201 (4 hours);
Statistics 201 (3 hours);
Business Administration 201 (4 hours)

Requirements for Finance

All majors in the College of Business Administration are required to take a total of 120 hours to graduate:  59 hours of general education courses, 14 hours of pre-business core courses, 23 hours of business core courses, and 24 hours of courses in the major. 18 of the 24 hours of major coursework must be taken in residence at the University of Tennessee.  A minimum grade of C must be earned in every course counted towards the major.  When students are admitted to a major in the college, they are required to have a laptop computer.

Special Programs, Co-ops, and Internships

Global Leadership Scholars
The Global Leadership Scholars (GLS) program offered by the College of Business Administration promotes the development of international and intercultural awareness, leadership, and personal and professional growth and responsibility.  Through honors classes, seminars in leadership training, international experiences, and extracurricular activities, GLS students work together and with honors faculty to develop the skills necessary to become future international business leaders.  Applications are accepted from first-year students in their second semester.

Internships
Finance majors are encouraged to seek practical experience through a professional internship.  Students may earn academic credit for internships through enrollment in Finance 492, which is designed to provide supervision, feedback, and a format for reflection.

Financial Management Association
The Financial Management Association (FMA) is a student-run organization that provides a forum for the exchange of financial related information, career networking opportunities, and social activities to association members.  Each year, the FMA travels to New York City to meet with distinguished financial professionals.

Highlights of Finance

Within the 24 hours of their major, students may study two areas of emphasis:  their major with a collateral or their major with a dual concentration.  With a collateral, students complete 15 hours in their major and 9 hours in their collateral area.  With a dual concentration, students complete 12 hours in each area of emphasis.  The finance major offers collateral areas of study in accounting, economics, entrepreneurship, information management, international business, and logistics, as well as dual concentration options in internal auditing and international business.

Ready for the World logoReady for the World

Seeking to instill a global perspective in all of its students, the College of Business Administration challenges undergraduates to develop the requisite knowledge and skills to prosper in today’s global business environment.  To help students meet that challenge, the college provides these critical tools:  an enhanced core curriculum that covers international business topics in all relevant courses; extraordinary programs for international study and internships; and a unique opportunity to delve into the principles of international business through a collateral or concentration in international business.

The college requires all students pursuing a collateral or dual concentration in international business to have an international educational experience.  Coursework in the international business collateral or dual concentration may be completed through a study abroad program.

Learn more about UT's Ready for the World initiative to help students gain the international and intercultural knowledge they need to succeed in today's world.

Sample Curriculum

Collateral Option
Freshman Year Credit Hours
Written Communication: English 101, 102   6
Quantitative Reasoning: Math 123-125 or 141-142   6 or 8
Cultures and Civilizations: Intermediate Foreign Language   6
Natural Sciences   6 - 8
Social Sciences   3
Oral Communication: Communication Studies 210 or 240   3
Sophomore Year Credit Hours
Accounting 200    3
Social Sciences: Economics 201    4
Written Communication: English 255 or 295 3
Statistics 201    3
Business Administration 201   4
Arts and Humanities   6
Non-US History   3
Electives 3
Junior Year Credit Hours
Business Administration 331-332   4
Business Administration 341-342   4
Ethics: Philosophy 243, 244, or 443   3
Finance 301   3
Accounting 301   3
Business Administration 353   3
Business Administration 361   3
Finance 425   3
Collateral 6
Senior Year Credit Hours
Business Law 301   3
Finance 435   3
Collateral 3
Finance 455   3
Finance Electives: 3 hours from
 Fin 402, 475, 485, 493, 495, or IB 449  
3
Management 402   3
Electives 7-11
GRAND TOTAL 120

Finance Collateral Options
Accounting - ACC 321; and any one of ACC 311, IM 341, or ACC 431 (increase Finance electives by 3 hours)
Economics - ECON 312; ECON 313; and either ECON 421 or ECON 482
Entrepreneurship - MGT 331; MGT 350; MGT 451
Information Management - IM 341; IM 342; and either IM 442 or 443
International Business – Three courses from IB 409, 419, 429, 439, 449, 459, or 469; and IB 489
Logistics - LOG 310; LOG 411; LOG 421

Dual Concentration with Internal Auditing
Freshman Year Credit Hours
Written Communication: English 101, 102   6
Quantitative Reasoning: Math 123-125 or 141-142 6 or 8
Cultures and Civilizations: Intermediate Foreign Language   6
Natural Sciences   6 - 8
Social Sciences   3
Oral Communication: Communication Studies 210 or 240   3
Sophomore Year Credit Hours
Accounting 200    3
Social Sciences: Economics 201    4
Written Communication: English 255 or 295 3
Statistics 201    3
Business Administration 201   4
Arts and Humanities   6
Non-US History   3
Electives   3
Junior Year Credit Hours
Business Administration 331-332   4
Business Administration 341-342   4
Finance 301   3
Accounting 301   3
Information Management 341   3
Ethics: Philosophy 243, 244, or 443   3
Business Administration 353   3
Business Administration 361   3
Finance 425   3
Accounting 311   3
Senior Year Credit Hours
Business Law 301   3
Finance 435   3
Finance 455   3
Accounting 411   3
Finance Elective: 3 hours from
 Fin 402, 475, 485, 493, 495, or IB 449  
3
Management 402   3
Electives 7-11
GRAND TOTAL 120

Dual Concentration with International Business
Freshman Year Credit Hours
Written Communication: English 101, 102   6
Quantitative Reasoning: Math 123-125 or 141-142   6 or 8
Cultures and Civilizations: Intermediate Foreign Language   6
Natural Sciences   6 - 8
Social Sciences   3
Oral Communication: Communication Studies 210 or 240   6
Sophomore Year Credit Hours
Accounting 200    3
Social Sciences: Economics 201    4
Written Communication: English 255 or 295 3
Statistics 201    3
Business Administration 201   4
Arts and Humanities   6
Non-US History   3
Electives 3
Junior Year Credit Hours
Business Administration 331-332 4
Business Administration 341-342 4
Ethics: Philosophy 243, 244, or 443   3
Finance 301   3
Accounting 301   3
Business Administration 353   3
Business Administration 361   3
Finance 425   3
Business Law 301   3
International Business 489   0
Senior Year Credit Hours
Finance 435   3
Finance 455   3
*International Business   12
Management 402   3
Electives 7-11
GRAND TOTAL 120
*Any four courses chosen from: International Business 409, 419, 429, 439, 449, 459, or 469

For More Information

College of Business Administration
Undergraduate Programs
342 Haslam Business Building
Knoxville, TN 37996
Phone: (865) 974-5096
Fax: (865) 974-6106
Email:  busad@tennessee.edu

 

Note

The information on this page should be considered general information only. For more specific information on this and other programs refer to the UT catalog or contact the department and/or college directly.