Finance
The Finance major offers flexibility for developing careers in investments, financial institutions and corporate finance. The program offers analytical rigor, theoretical knowledge and teaching methods that stress hands-on applications. The Program also equips students for the relevant professional examinations such as Chartered Financial Analysts (CFA), Certified Financial Management (CFM), and Certified Financial Planning (CFP). Finance internships historically have proven to be among the most numerous and challenging available. Students majoring in Finance may choose an optional concentration in Financial Management or Financial Services.
Accelerated Finance or Financial Analytics 4+1 Option
The Finance 4+1 Option allows students to earn both the BBA with a Finance major and the Master of Science in Finance or the Master of Science in Financial Analytics at a substantial savings in time and money. Students in the program may count up to five graduate courses toward the BBA Finance major and the MS-Finance or MS-Finance Analytics at the same time, thereby saving up to five courses.
Eligibility
You are eligible to apply if you are:
- Currently enrolled at UM-Dearborn as a BBA student with a declared Finance major
- Have a cumulative GPA of at least 3.2 at UM-Dearborn
- Have completed BE 401 and FIN 401
- Have a GPA of at least 3.0 in BE and Finance courses at UM-Dearborn.
Students must complete the graduate level courses with a grade of B or better to maintain eligibility in the 4+1 program.
Applying to the 4+1/Accelerated option is a two-stage process coordinated with both your undergraduate and graduate advising teams. For detailed instructions and application links, please visit the central 4+1 programs webpage.
Double Counted Courses
Courses eligible to be double counted include FIN 581 (for FIN 402), FIN 651 (for FIN 407), FIN 652 (for FIN 447), FIN 655 (for IB 441), FIN 657 (for FIN 457), and ACC 608 (for ACC 358).
The double counted courses appear on the undergraduate and graduate transcripts. Only graduate level courses can be double counted towards both the undergraduate and graduate degrees.
In addition to major requirements, students must complete the BBA Degree Requirements.
Bachelor of Business Administration (BBA) Degree Requirements
Dearborn Discovery Core (General Education)
All students must satisfy the University’s Dearborn Discovery Core requirements, in addition to the requirements for the major.
BBA Foundation Requirements
| Code | Title | Credit Hours |
|---|---|---|
| Minimum grade of C is required for each of the ten foundation courses. | ||
| BA 101 | Business in Action - Detroit Edition 1 | 3 |
| BA 102 | Brains, Bots, and Business 2 | 3 |
| ACC 298 | Financial Accounting | 3 |
| ACC 299 | Managerial Accounting | 3 |
| COMP 105 | Writing & Rhetoric I | 3 |
| COMP 280 | Business Writing & Rhetoric | 3 |
| ECON 201 | Prin: Macroeconomics | 3 |
| ECON 202 | Prin: Microeconomics | 3 |
| MATH 104 | College Algebra | 4 |
| or MATH 1040 | College Algebra with Studio | |
| or MATH 105 | Pre-Calculus | |
| or MATH 101 | Trigonometry for Calculus | |
| DS 301 | Introductory Business Statistics using Excel | 3 |
| Total Credit Hours | 31 | |
- 1
BA 101 is not required for Fall 2026, Winter 2027 and Summer 2027 transfer students. BA 100 will substitute for BA 101.
- 2
BA 102 is not required for Fall 2026, Winter 2027 and Summer 2027 transfer students. ISM 120 will substitute for BA 102.
Critical Thinking Requirement
| Code | Title | Credit Hours |
|---|---|---|
| PHIL 233 | Critical Thinking | 3 |
| Total Credit Hours | 3 | |
Business Administration Core Requirements
| Code | Title | Credit Hours |
|---|---|---|
| BA 215 | Career Planning and Development I 1 | 1 |
| BA 315 | Career Planning and Development II 2 | 1 |
| BA 330 | Managerial Communication | 3 |
| BA 400 | Corporate Responsibility | 3 |
| BE 401 | Managerial Economics | 3 |
| BPS 451 | Strategic Management | 3 |
| DS 302 | Advanced Business Statistics | 3 |
| FIN 401 | Corporate Finance | 3 |
| Select one: | 3-4 | |
| ISM 310 | Info Systems in Management | 3 |
| Accounting Information Systems and Accounting Info Sys Lab 3 | ||
| LE 253 | Business Law | 3 |
| MKT 352 | Mktg Principles and Policies | 3 |
| OB 354 | Behavior in Organizations | 3 |
| OM 300 | Intro to Operations Management | 3 |
| Total Credit Hours | 35-36 | |
- 1
BA 215 is not required for transfer students admitted Fall 2026, Winter 2027 and Summer 2027. BA 300 must be taken in place of BA 215 in the BBA Core.
- 2
BA 315 is not required for transfer students admitted Fall 2026, Winter 2027 and Summer 2027. BA 320 must be taken in place of BA 315 in the BBA Core.
- 3
ACC 380/ACC 381 is a requirement for students pursuing an Accounting major. Finance majors may elect either ISM 310 or ACC 380/381. All other majors must elect ISM 310.
Finance Major (without a concentration)
| Code | Title | Credit Hours |
|---|---|---|
| Required | ||
| ACC 357 | Intermediate Financial Acct 2 | 3 |
| or ACC 358 | Financial Reporting | |
| FIN 407 | Investment Fundamentals | 3 |
| Select five courses from the following (at least four courses must be from BE, FIN, or IB): 1 | 15 | |
| Cost Accounting and Analysis | ||
| Intermediate Financial Accounting III | ||
| Business Conditions Analysis | ||
| Advanced Corporate Finance | ||
| Fin Mkts and Institutions | ||
| Financial Planning | ||
| Com Bank: Functn and Operatns | ||
| Corporate Finance Capstone – Advanced Financial Analysis | ||
| Derivative Markets | ||
| Fixed Income Securities | ||
| Investment Fund Management | ||
| Seminar: Financial Management | ||
| Research:Financial Mgt | ||
| International Financial Management | ||
| Advanced Computer Applications | ||
| Sales Mgmt & Personal Selling | ||
| Total Credit Hours | 21 | |
- 1
Finance majors may be eligible to apply internship credit (BI 350 or 450) towards a Finance elective course. These internships must be approved in advance by the discipline faculty and department chairperson. Please see an advisor for specific details.
Students admitted to the 4+1 Option may substitute FIN 581 for FIN 402, FIN 651 for FIN 407, FIN 652 for FIN 447, FIN 655 for IB 441, FIN 657 for FIN 457, and ACC 608 for ACC 358.
Finance Major with a concentration in Financial Management
| Code | Title | Credit Hours |
|---|---|---|
| Required | ||
| ACC 357 | Intermediate Financial Acct 2 | 3 |
| or ACC 358 | Financial Reporting | |
| FIN 402 | Advanced Corporate Finance | 3 |
| FIN 407 | Investment Fundamentals | 3 |
| IB 441 | International Financial Management | 3 |
| FIN 445 | Corporate Finance Capstone – Advanced Financial Analysis | 3 |
| Select two courses from the following (at least one course must be from BE, FIN, or IB): 1 | 6 | |
| Cost Accounting and Analysis | ||
| Intermediate Financial Accounting III | ||
| Business Conditions Analysis | ||
| Derivative Markets | ||
| Investment Fund Management | ||
| Seminar: Financial Management | ||
| Research:Financial Mgt | ||
| Advanced Computer Applications | ||
| Total Credit Hours | 21 | |
- 1
Finance majors may be eligible to apply internship credit (BI 350 or 450) towards a Finance elective course. These internships must be approved in advance by the discipline faculty and department chairperson. Please see an advisor for specific details.
Students admitted to the 4+1 Option may substitute FIN 581 for FIN 402, FIN 651 for FIN 407, FIN 652 for FIN 447, FIN 655 for IB 441, FIN 657 for FIN 457, and ACC 608 for ACC 358.
Finance Major with a concentration in Financial Services
| Code | Title | Credit Hours |
|---|---|---|
| Required | ||
| ACC 357 | Intermediate Financial Acct 2 | 3 |
| or ACC 358 | Financial Reporting | |
| FIN 406 | Fin Mkts and Institutions | 3 |
| FIN 407 | Investment Fundamentals | 3 |
| FIN 443 | Com Bank: Functn and Operatns | 3 |
| FIN 447 | Derivative Markets | 3 |
| Select two courses from the following (at least one course must be from BE, FIN, or IB): 1 | 6 | |
| Business Conditions Analysis | ||
| Advanced Corporate Finance | ||
| Financial Planning | ||
| Fixed Income Securities | ||
| Investment Fund Management | ||
| Seminar: Financial Management | ||
| Research:Financial Mgt | ||
| International Financial Management | ||
| Advanced Computer Applications | ||
| Sales Mgmt & Personal Selling | ||
| Total Credit Hours | 21 | |
- 1
Finance majors may be eligible to apply internship credit (BI 350 or 450) towards a Finance elective course. These internships must be approved in advance by the discipline faculty and department chairperson. Please see an advisor for specific details.
Students admitted to the 4+1 Option may substitute FIN 581 for FIN 402, FIN 651 for FIN 407, FIN 652 for FIN 447, FIN 655 for IB 441, FIN 657 for FIN 457, and ACC 608 for ACC 358.
Finance Minor
Prerequisites
| Code | Title | Credit Hours |
|---|---|---|
| ACC 298 | Financial Accounting | 3 |
| ECON 201 & ECON 202 | Prin: Macroeconomics and Prin: Microeconomics | 6 |
| MATH 104 | College Algebra | 4 |
| or MATH 105 | Pre-Calculus | |
| DS 301 | Introductory Business Statistics using Excel | 3 |
Minor Requirements
| Code | Title | Credit Hours |
|---|---|---|
| FIN 401 | Corporate Finance | 3 |
| FIN 402 | Advanced Corporate Finance | 3 |
| FIN 407 | Investment Fundamentals | 3 |
| Select two courses from the following: | 6 | |
| Financial Reporting | ||
| Com Bank: Functn and Operatns | ||
| Corporate Fin Models and Appls | ||
| Derivative Markets | ||
| Investment Fund Management | ||
| Seminar: Financial Management | ||
| International Financial Management | ||
| Total Credit Hours | 15 | |
Financial Planning Minor
Prerequisites
| Code | Title | Credit Hours |
|---|---|---|
| ACC 298 | Financial Accounting | 3 |
| ECON 201 & ECON 202 | Prin: Macroeconomics and Prin: Microeconomics | 6 |
| MATH 104 | College Algebra | 4 |
| or MATH 105 | Pre-Calculus | |
| DS 301 | Introductory Business Statistics using Excel | 3 |
Minor Requirements
| Code | Title | Credit Hours |
|---|---|---|
| FIN 401 | Corporate Finance | 3 |
| FIN 411 | Financial Planning | 3 |
| FIN 412 | Retirement Planning | 3 |
| FIN 407 | Investment Fundamentals | 3 |
| or ACC 360 | Federal Income Taxation | |
| Select one course from the following: | 3 | |
| Federal Income Taxation | ||
| Fin Mkts and Institutions | ||
| Sales Mgmt & Personal Selling | ||
| Total Credit Hours | 15 | |
Learning Goals
The following Learning Goals have been developed by the faculty in the College of Business. These goals describe what we want all of our students to know and be able to accomplish upon graduation.
- Students will be knowledgeable about the business disciplines.
- Students will be effective communicators.
- Students will be effective team members.
- Students will be competent in the application of technology.
- Students are able to understand and integrate knowledge across diverse disciplines, cultures, and context.
- Students will demonstrate critical thinking skills to solve business problems.
FIN 200 Personal Finance 3 Credit Hours
To survey financial planning for the individual. Topics include: bank relations, credit, borrowing money, savings, budgeting, investments, stocks and bonds, mutual funds, insurance, real estate, annuities, social security, income taxes, wills, trusts and estate planning.
Restriction(s):
Cannot enroll if Class is Graduate
Can enroll if College is Business
FIN 401 Corporate Finance 3 Credit Hours
Introduces the financial goals of a corporation with particular attention to the creation of value. The time value of money and the valuation of financial and real assets receive particular attention. Additional topics include risk and return, market efficiency, short-term financial management, and the domestic and international economic environments.
Prerequisite(s): ACC 298 and ECON 201 and ECON 202 and (DS 300* or DS 301* or HHS 410* or STAT 305* or STAT 325* or MATH 325* or IMSE 317*)
FIN 402 Advanced Corporate Finance 3 Credit Hours
To provide the study of advanced topics, with particular attention to capital structure and dividend policy. Additional topics such as hedging, option pricing, agency theory, methods of financing, and corporate control will be presented. Global aspects of these topics will be addressed where appropriate. (YR).
Prerequisite(s): FIN 401 and (DS 300 or DS 301 or MATH 325 or STAT 305 or STAT 325)
FIN 406 Fin Mkts and Institutions 3 Credit Hours
This course will introduce students to the financial markets, institutions, and instruments. The contents consist of the role and importance of the financial markets, interest rate determination and security valuation, the functions of money, bond, mortgage, stock, foreign exchange and derivative securities markets, the activities of financial institutions such as insurance companies, securities firms and investment banks, hedge funds, and pension funds, and management of credit and interest rate risks on the balance sheet of financial institutions. Familiarity with these topics is necessary for students to be competent in their future professional career in finance. (YR)
FIN 407 Investment Fundamentals 3 Credit Hours
To study the current investment scene and analyze the characteristics of securities and the role in investment strategies. Topics include: securities markets, bonds, stocks, options, investment strategies, portfolio theories and management.
Prerequisite(s): FIN 401 and (DS 300 or DS 302 or STAT 325 or MATH 425 or STAT 430)
FIN 411 Financial Planning 3 Credit Hours
This course introduces students to the primary areas of personal financial planning and helps them prepare for the professional financial planning examinations. Topics include overview of the financial planning process, analysis of clients' needs; principles of personal income taxation; investment analysis and planning; retirement and estate planning; insurance planning and major types of insurance, ethics and standards of professional practice; and quantitative methods used in the analysis and derivations of decision rules. This course is designed for students who consider a career in financial advising, as well as those who are interested in managing their own personal finances. Students will practice critical thinking and business communication through written presentation of case analysis and recommendations. (YR).
Prerequisite(s): FIN 401 and (DS 300 or DS 301 or MATH 325 or STAT 305 or STAT 325)
FIN 412 Retirement Planning 3 Credit Hours
This course introduces students to the nature of retirement planning analysis and the functions of major retirement plans and other investment-oriented employee benefits, as well as discusses advantages and disadvantages of the various wealth accumulation and tax deferral alternatives. Topics include the administration, characteristics and distributions of qualified corporate retirement plans such as pension and profit sharing plans; non-corporate retirement programs such as IRAs and Simplified Employee Pension (SEPs) plans. In addition, stock options, non-qualified deferred compensation plans, and other non-pension related benefits, as well as recent legislation will be examined. This course prepares students for career pursuit in financial advising or human resources management, as well as for the professional financial planning examinations. Students will practice critical thinking and business communication through written presentation of case analysis and recommendations. (YR)
Prerequisite(s): FIN 401 and (DS 300 or DS 301) and FIN 411*
FIN 443 Com Bank: Functn and Operatns 3 Credit Hours
The topics to be included in the course are: commercial bank management, loan portfolio management and international banking. Specific aspects of the commercial banking environment, such as legislation and regulation, are also covered.
FIN 445 Corporate Finance Capstone – Advanced Financial Analysis 3 Credit Hours
This course provides a capstone experience for finance majors interested in pursuing a career in corporate finance. Topics introduced in corporate finance as well as in accounting and economics are integrated into readings and case analysis of companies that may include capital budgeting, capital structure, financial budgeting and forecasting, lease versus buy, mergers and acquisitions, and valuation of IPOs, etc. Students are required to intensively use Excel to build models for analysis. The coursework is also appropriate for students seeking careers in commercial lending and investment banking.
Prerequisite(s): FIN 402* and (DS 300 or DS 302 or STAT 325 or MATH 425 or STAT 430)
FIN 447 Derivative Markets 3 Credit Hours
Going beyond investment fundamentals, the focus of this course is on the more speculative aspects of investment. Speculative securities (such as options, warrants, and convertibles) and commodity futures (including financial and currency futures) are covered. The structure of the speculative markets and the role of speculation, such as hedging, risk-shifting, and the establishment of future-spot price relationship are analyzed in the context of a competitive market environment.
Prerequisite(s): FIN 401 and (FIN 402 or FIN 407 or FIN 443) and (DS 300 or STAT 325* or DS 302*)
FIN 448 Real Estate Financing 3 Credit Hours
The purpose of this course is to introduce the student to the different types of mortgages, the sources of real estate loans and the workings of the secondary mortgage markets. It will also cover the application, loan processing, underwriting, and closing processes as well as closely related topics such as property appraisal and insurance, title insurance, and foreclosures.
Prerequisite(s): FIN 401
FIN 456 Fixed Income Securities 3 Credit Hours
The fixed income market, accompanied by the introduction of sophisticated financial engineering techniques, has grown enormously over the last two decades. Today, the fixed income market has been a vital segment of the global financial market. This course covers major topics associated with this market, including bond pricing, yields, and volatility; term structure of interest rates and yield curve; market structure and analytical techniques for Treasury, municipal, corporate bonds, mortgage-backed securities, asset-backed securities, and bond with embedded options. The fundamental objective of this course is to help students develop analytical skills for pricing fixed income securities and managing interest rate risk. In addition, materials covered in this course are compatible with the Common Body of Knowledge in Analysis of Debt Investments that is required by the Chartered Financial Analysts (CFA) examination. Students will not receive credit for both FIN 456 and FIN 656.
Prerequisite(s): FIN 407 and FIN 447 and (MATH 113 or MATH 115)
Restriction(s):
Can enroll if Class is Junior or Senior
Can enroll if College is Business
Can enroll if Major is Finance
FIN 457 Investment Fund Management 3 Credit Hours
This course introduces finance students to investing approaches and analytical techniques including both Intrinsic and Relativistic analyses used for security analysis employed and implemented by professional money managers. The course is recommended for finance students seeking to develop careers related to money management, investment analysis, financial analysis, portfolio management and related financial services careers. The main focus of the course is to gain the experience and skills of equity securities analyses through the Student Managed Investment Fund. The course requires application of fundamental and intrinsic equity analyses valuation. Students cannot receive credit for both FIN 457 and FIN 657. (F,W,OC)
Prerequisite(s): FIN 407
FIN 484 Seminar: Financial Management 1 to 3 Credit Hours
To provide students with an opportunity for intensive study in current selected areas related to the research activities and/or professional activities of faculty members. Permission of College of Business.
Prerequisite(s): FIN 401
Restriction(s):
Can enroll if Class is Senior
Can enroll if College is Business
FIN 494 Research:Financial Mgt 1 to 3 Credit Hours
To provide the advanced student with the opportunity to undertake a research project under the supervision of a faculty member. At least two weeks prior to the term when such a course is to be elected, an interested student must submit to the dean of the school a written request for permission to elect a research course, on a form available in the school office. The request will include a description of the proposed research project. The dean will review the proposal with faculty members to ascertain availability of relevant faculty supervision and to establish appropriate credit. Permission of College of Business.
Prerequisite(s): FIN 401
Restriction(s):
Can enroll if Class is Senior
Can enroll if College is Business
*An asterisk denotes that a course may be taken concurrently.
Frequency of Offering
The following abbreviations are used to denote the frequency of offering: (F) fall term; (W) winter term; (S) summer term; (F, W) fall and winter terms; (YR) once a year; (AY) alternating years; (OC) offered occasionally