Finance

Professor(s): John E. Consler
Associate Professor(s): JinHu Qian


Finance is the study of the allocation of scare financial resources to maximize their utility. Students in the finance program study the science and art of making investment and financing decisions under conditions of uncertainty at both the individual and institutional levels. For example, students learn how to answer questions such as:

  • How do we evaluate a corporate investment project, and how should we finance the project?
  • How do we manage a portfolio through the allocation of capital among different asset classes so as to maximize the portfolio’s return while maintaining an acceptable level of risk?
  • How do we identify and manage risk in a constantly changing market?
  • How can we use opportunities scattered throughout the international financial markets to balance the trade-off between risk and return?

Students will explore the theories and practices of topics such as asset allocation, portfolio management, capital budgeting, securities markets, risk management, and international finance. Our finance program emphasizes the development of analytical skills to solve practical issues that arise in dynamic financial environments.

Students who major in finance take courses such as Managerial Finance, Financial Institutions and Capital Markets, Investments, Banking, International Financial Management, and Corporate Risk Management.

Students also have the opportunity to pursue a dual major in finance and either business analytics or information systems.

Finance Major

Core RequirementsHours
COR 100 First Year Seminar3
WRT 101 Critical Writing3
PHL 110 Introduction to Philosophy3
HST 110 - HST 111 World Civilization6
ENG 210 Major Authors3
PHL 210 Moral Philosophy3
Theology3
EAC Encountering Another Culture/Language6
ENG 310 Literature and Culture3
Mathematics*3
Social Science*3
Natural Science*3
IDS Interdisciplinary Studies*3
Religion3
COR 400 Transformations3
Visual & Performing Arts*1
Diversity*0

* NOTE: Some Core requirements may be fulfilled by major requirements. See core section for more information. Because there have been substantial changes to the core curriculum, the above requirements may not apply to all students; for students who entered Le Moyne College prior to Fall 2013, be sure to consult with your advisor for appropriate course selection(s).

Finance Major

Students majoring in finance are required to enroll in the following courses:

Major RequirementsHours
FIN 365 Fin Institutions & Cap Mkts 3
FIN 401 Investments 3
FIN 460 Corporate Risk Management 3
FIN Electives (any two courses from FIN 360, FIN 402, FIN 450, FIN 455)6
ElectivesHours
Liberal Arts Electives 6
Electives 9
Management Core RequirementsHours
STA 202 Statistics II 3
ACT 203 Financial Accounting 3
ACT 204 Managerial Accounting 3
LAW 200 Legal Environment of Business 3
MIS 201 Intro Mgmt Info Systems 3
MKT 301 Principles of Marketing 3
ANL 301 Business Analytics 3
FIN 301 Managerial Finance 3
MGT 301 Intro to Organization & Mgmt 3
BUS 470 Business Policy 3
ECO 113 Principles of Microeconomics 3
ECO 114 Principles of Macroeconomics 3
Cultural Requirement 3
STA 201 Statistics I 3

Typical Program for Finance Major

First SemesterHoursSecond SemesterHours
Freshman Year
HST 1103 PHL 1103
STA 2013 HST 1113
COR 1003 STA 2023
WRT 1013 Mathematics3
BUS 1503 Natural Science3
Sophomore Year
ACT 2033 ACT 2043
ENG 2103 ECO 1143
ECO 1133 PHL 2103
Theology3 MIS 2013
ANL 3013 MKT 3013
Junior Year
ENG 3103 FIN 3653
FIN 3013 FIN Elective3
IDS3 EAC3
MGT 3013 Elective3
LAW 2003 Liberal Arts Elective3
Senior Year
FIN 4013 FIN 4603
FIN Elective3 Elective3
Elective3 Elective3
Liberal Arts Elective3 COR 400A3
Religion3 BUS 4703

Dual Major in Finance and Business Analytics

Finance majors interested in pursuing a dual major in business analytics need to complete the following courses: FIN 365 (which will count as a business analytics elective), FIN 401, FIN 460, an additional FIN elective and ANL 400, ANL 410, ANL 420 and ANL 430 (which will also count as a finance elective).

Dual Major in Finance and Information Systems

Finance majors interested in pursuing a dual major in information systems need to complete the following courses: FIN 365, FIN 401, FIN 499, one finance elective; MIS 455 and three MIS electives. (Recommended MIS electives: ACT350/MIS 350, MIS 375, MIS 480, MIS 465).

Courses


FIN 201 . Personal Finance (3).

A survey of the business and economic decisions that an individual makes in his or her personal life. Information base covers; savings, general investing, credit and critical thinking skills with respect to personal financial planning concepts. Course will be taught in Le Moyne's newly established Trading Center to provide real world investment experience and provide students with the opportunity to manage their own personal mock investment portfolio. Open to both non-business and business students.

FIN 301 . Managerial Finance (3).

Foundation of financial theory and techniques of financial decision making. Financial analysis of liquidity, debt and profitability; short-term, intermediate and long-term financing; working capital and cash management; credit management; capital budgeting; cost of capital; operational and financial leverage; dividend policy; capital structure, profit planning and reorganization. Prerequisites: ACT 203 or ACT 201; STA 201; ECO 113-114.

FIN 302 (ECO 228). Economics of Financial Markets (3).

This course includes monetary theory, price level determination, determination of the supply of money, foreign exchange rates, operations of the commercial banks and the Federal Reserve System and monetary policy. Prerequisites: ECO 113-114.

FIN 360 . Intermediate Managerial Financ (3).

Advanced coverage of the evolution of financial theory, long-term investment decisions, capital structure, dividend policy, long-term financing decisions and related topics. Prerequisite: FIN 301.

FIN 365 . Fin Institutions & Cap Mkts (3).

The purpose of financial markets is to efficiently allocate savings in an economy to ultimate users of funds. This task is performed via money and capital market transactions where the money markets deal in short-term debts and capital markets deal in long-term debts and stocks. The scope of money and capital market transactions, the issuance, trading and possible redemption of financial assets are analyzed. The similarities and differences between these two markets are examined. The influence on market activity of outside events such as change in monetary policy is also explored. The money and capital markets, like other institutions, have undergone changes in recent years. The major financial assets comprising these markets are surveyed along with current innovations, such as the option and interest rate futures market. Prerequisite: FIN 301.

FIN 401 . Investments (3).

Study of financial markets from the viewpoint of the individual investor. Topics include fundamental and technical analysis of common stocks, bond valuation and investment in options and commodities. Prerequisite: FIN 301.

FIN 435 (BUS 435/ACT 435/MIS 435/MIS 535). Introduction to Government Systems (3).

This course focuses on introductory government systems concepts, processes and functions, utilizing the Federal Acquisition Regulations (FAR). Students will examine FAR regulations, processes and nomenclature, utilizing existing and proposed regulations and industry case studies, and appropriate support technology. Guest speakers and field research provide students with access and information from industry and academia. Prerequisites: ACT 203, ACT 204.

FIN 450 . Banking (3).

Banking as a business, how banks augment money supply; their role in loans, investments and credit management; the mechanisms of interbank transfers of payments within and outside national boundaries; commercial banks, mutual banks, savings and loan associations, credit unions, etc., and the nature and scope of their operations; regulations of banks by the central bank and other governmental agencies. Recommended prerequisite: FIN 365.

FIN 455 . International Financial Management (3).

A study of international financial markets where different currencies are used by international institutions, such as multinational banks and corporations. A recent development of business globalization has created an environment that requires business students to understand and apply basic financial management tools necessary for evaluation of international markets. The course focuses on foreign exchange rate, risk management, regulatory environment and short- and long-term financing of multinational institutions. Prerequisite: FIN 301 or permission of instructor.

FIN 460 . Corporate Risk Management (3).

This course studies the crucial tools necessary for corporations and investors to effectively hedge long or short positions with financial derivatives in order to protect them from losses. The course emphasizes how to use derivatives to maximize firm value through risk management. Coverage includes an evaluation of tools identifying potential risks, an integrated approach to risk management, hedging with forward and futures contracts, managing cash flow exposures, hedging with options and option pricing models, credit risks and credit derivatives, and recent and future developments on the practice of risk management.

FIN 465 . Distress Investing (3).

The purpose of this course is to provide the student with the needed tools to understand and learn the discipline of distress investing. Distress investing is one of the areas of "Fundamental Finance:. Other areas of "Fundamental Finance" include Value Investing, Control Investing, Credit Analysis, and First and Second Stage Venture Capital Investing. This is a course about business valuation, corporate finance, bankruptcy law and security analysis with an emphasis on analyzing public companies that are in financial distress, from the bottom up. This is in sharp contrast to traditional academic finance, which is heavily top down and assumes there is substantive consolidation between the company and its constituencies (managments, stockholders, bondholders, trade vendors, etc.). Prerequisites: FIN 301 or FIN 601 or equivalent.

FIN 478 (MIS 478/MIS 712). Financial Telecomm & Cybersecurity (3).

This course provides an overview of the concepts and principles of telecommunications systems and networks, blending technical with managerial topics. Students will focus on the challenges inherent in securing financial telecommunications networks, particularly the challenges of insider threats. Students will local area networks, wide area networks, wireless networks, value-added networks, as well as other networks. Students will complete a series of network installation and test projects, and will analyze network design cases throughout the semester. Guest speakers from industry and case studies from on-going research will provide a real-world context for the topics discussed in class. Students may sit for network certification following completion of the course. Prerequisites: MIS 201, or permission of the instructor.

FIN 481-489 . Special Topics in Finance (3).

Courses in this series offer an in-depth exploration of specific issues within the field of finance, as well as topics of current interest to instructors and students. Prerequisites: junior or senior standing or permission of the instructor.

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