BS in Business Administration - Finance Major
The finance major (15 credits) prepares students for careers in corporate finance, investments, financial services, banking, and related fields. Students learn a blend of theoretical and practical concepts and apply this knowledge to real-world settings. The program develops analytical and critical thinking skills that will aid students throughout their careers. The flexibility of the major requirements allows students to create self-designed specializations within the major. For example, students interested in pursuing a career in financial services might select FIN 321 Personal Financial Planning and an internship at a financial services company.
In addition to meeting all University requirements, students must earn a minimum grade of C- in 100-200 level courses, and a C in 300-400 level courses in all Business Core courses applied toward the degree. To ensure that students graduate with a current understanding of their field, upper-level courses taken more than 10 years before the degree is awarded must have Departmental approval for use in the Business Core or the major.
Students may declare or change a major by completing a form available at the School office. Double majors are possible as long as the courses applied toward one major are not applied toward the second major. Under no circumstances can credits be double-counted for two program options (e.g., major, minor, track, or concentration) within the School of Business. Before enrolling in their first School of Business course (ACC, BUS, FIN, or RMI designations) requiring junior standing, students majoring in a School of Business major must have junior standing (54 credits completed) and a minimum grade point average of 2.33 in USM courses. This minimum GPA requirement supersedes any course-specific GPA requirement lower than 2.33.
Overview of course requirements
- Core Curriculum (USM requirement)
- Non-Business Core (School requirement)
- Business Core (School requirement)
- Major Requirements
- General Electives
USM Core Curriculum Requirements
(up to 45 credits, minus credit counted elsewhere) please see USM Core Curriculum section of this catalog for details. School of Business specific Core courses are noted below.
- Entry Year Experience – EYE required for students entering with fewer than 24 credit hours; May be fulfilled with EYE 125 Getting Down to Business
- College Writing
- Quantitative Reasoning: MAT 210 Business Statistics (credits counted in the non-business core).
- Creative Expression: THE 170 Public Speaking (credits counted in the non-business core).
- Socio-cultural Analysis: ECO 101 Macroeconomics (credits counted in the non-business Core)
- Cultural Interpretation
- Science Exploration
- Ethical Inquiry, Social Responsibility, and Citizenship; May be fulfilled with BUS 347 Triple Bottom Line Business
- International: May be fulfilled and double counted in the Business Core section by successful completion of BUS 335 International Business or BUS 361 International Marketing.
- Thematic Cluster or a minor of 15 credits or more or a double major of 15 or more unique credits (Note: The Professional Practices Cluster includes Business Core courses; one of which may be counted in the Business Core and in the Professional Practices Cluster.)
- Capstone: BUS 450 Business Policy and Strategy (credits counted in the Business Core)
Non-business Core Requirements (17 credits)
Spreadsheet proficiency: demonstrated by passing ABU 190 Spreadsheets and Problem Solving with a grade of C or higher, or by successfully passing a School of Business spreadsheet proficiency exam. Proficiency must be demonstrated to graduate.
ECO 101 Introduction to Macroeconomics
ECO 102 Introduction to Microeconomics
MAT 108 College Algebra with C- or higher grade
Substitutes include a C- or higher grade in MAT 140 or approved higher level math course or passing a CLEP exam
MAT 210 Business Statistics with C-or higher grade
or C- or higher grade in prior credit for MAT 120 or other approved statistics course (http://usm.maine.edu/sb/stats).
THE 170 Public Speaking
or other course by permission
Business Core Requirements (36 credits)
A minimum of 50 percent of business core courses must be taken at USM, and the student must achieve a minimum grade in each course (listed below).
ACC 110 Financial Accounting Information for Decision Making (C- or higher)
ACC 211 Managerial Accounting Information for Decision Making (C- or higher)
BUS 260 Marketing (C- or higher)
BUS 275 Applied Business Analysis (C- or higher)
BUS 280 Legal Environment of Business (C- or higher)
BUS 340 Managing Organizational Behavior (C or higher)
BUS 345 Information Technology/Management Information Systems (C or higher)
BUS 370 Management Science (C or higher)
BUS 375 Production/Operations Management (C or higher)
BUS 450 Business Policy and Strategy (C or higher)
FIN 320 Basic Financial Management (C or higher)
Select one of the following international courses:
BUS 335 International Business (C or higher)
BUS 361 International Marketing (C or higher)
BUS 382 International Business Law (C or higher)
FIN 330 International Financial Management (C or higher) (if used to fulfill international; may
not also be used to fulfill a finance elective below)
Major Requirements (15 credits)
At least 50 percent of credit hours applied to the major must be taken at USM. No more than 3 credits of internship can count toward the major. Students must earn a grade point average of 2.5 or higher in the 15 credits applied toward the major.
Finance Major Requirements
FIN 327 Investment Management
Finance Electives (12 credits; at least three courses must be FIN courses)
FIN 321 Personal Financial Planning
FIN 323 Derivatives: Options, Futures, and Swaps
FIN 326 Financial Modeling
FIN 330 International Financial Management (cannot be counted in core)
FIN 395 Internship I in Finance
FIN 490 Independent Study in Finance
FIN 499 Special Topics in Finance
ACC 413 Concepts and Strategies of Taxation
ACC 302 Financial Reporting II
ECO 310 Money and Banking
BUS 385 Entrepreneurship and Venture Creation
BUS 485 Managing the Growing Entrepreneurial Venture
RMI 320 Introduction to Risk Management
General Electives (remaining credits for 120 credit minimum)
The exact number of general elective credits varies and is dependent upon choices made in University core requirements.