Finance

The Finance curriculum is designed to familiarize the student with the institutions, theory, and practice involved in the allocation of financial resources within the private sector. It is also designed to incorporate foundation study in such related disciplines as economics and the quantitative areas. Finance provides an educational foundation for careers involving financial analysis and management, investment analysis and portfolio management, investment banking, insurance and risk management, banking, and international finance.

While only MATH 220 Elementary Calculus I or MATH140 Calculus I (MATH130 also accepted) is required for the Finance major, students with a strong math background are encouraged to complete both MATH140 Calculus I and MATH141 Calculus II. In addition, these students are encouraged to complete MATH240 Introduction to Linear Algebra because the material in this course provides a deeper understanding of finance. Students with an advanced math background will be in a better position to compete for admission to the Quantitative Finance Fellows and the Accelerated Finance Fellows programs. In addition, this quantitative background will expand a student's career opportunities within finance.  

Download complete degree requirements and/or a 4 year plan.

New Requirements - Effective for students entering UM in Fall 2012 and later. Students who entered UM prior to Fall 2012 have the option of adopting these new requirements. External transfer students will be required to complete the new Smith School core requirements (launched in 2011) beginning Fall 2013. Please consult your Smith School Academic Advisor if you have questions.

Old Requirements

- Effective for students entering UM in Fall 2011 through Spring 2012. External transfer students will be required to complete the new Smith School core requirements (launched in 2011) beginning Fall 2013.

- Effective for students entering UM in Spring 2008 through Spring 2011.

- Effective for students entering UM in Spring 2008.

- Effective for students entering UM from Fall 2005 through Fall 2007.

- Effective for students entering UM from Fall 1996 through Spring 2005

  • Freshmen/Sophomore Requirements [ PDF File ]
  • Junior/Senior Requirements [ PDF File ]
  • Finance 4 year Degree Plan [ PDF File ]

Links to Related Sites

Economics Requirements:

One of the following courses:
ECON 330 (formerly 430) Money and Banking
3 credits
One of the following courses:
ECON 305 Intermediate Macroeconomic Theory & Policy
ECON 306 Intermediate Microeconomic Theory
ECON 340 (formerly 440) International Economics
Note: ECON 325 and ECON326 can substitute for ECON305 or ECON306 respectively.
3 credits
Total 6 credits

Major Requirements:

BMGT 343 - Investments 3 credits
BMGT 440 - Financial Management 3 credits
Complete combined total of 3 courses (9cr) from List A and List B as noted below: 9 credits
List A (a minimum of 2 courses must be selected from List A)

BMGT 443 - Applied Equity Analysis and Portfolio Management
BMGT 444 - Futures and Options Contracts
BMGT 445 - Banking and Financial Institutions
BMGT 446 - International Finance

List B (a maximum of 1 course can be selected from List B)

BMGT 447 - Internship in Research and Finance
BMGT 448 - Special Topics in Finance
BMGT 449 - Investment Fund Management: Lemma Senbet Fund
One of the following courses 3 credits
BMGT 310 - Intermediate Accounting I
BMGT 3131 - Financial Statement Analysis
BMGT 332 - Operations Research for Management Decisions
BMGT 430 - Linear Statistical Models in Business
BMGT 434 - Introduction to Optimization
1 BMGT313 offered as BMGT428B for Spring 2008.
Total 18 credits