Kent State University Catalog 2010 - 2011

Finance - B.B.A.

COLLEGE:	College of Business Administration
DEPARTMENT:	Department of Finance Room 404, Business Administration Building E-mail: finance@bsa3.kent.edu Tel: 330-672-2426 Fax: 330-672-5006 Web: http://www.kent.edu/business/finance/index.cfm

Resources:

DESCRIPTION:	The Bachelor of Business Administration in Finance is designed to provide students with an academic background appropriate for entry into a financial career, including financial management, investments, banking/financial institutions, risk/insurance, real estate and related areas. The courses are designed to provide students with an understanding of the relationship between business finance and the economic system in the context of managerial analysis and decision making. Combined Baccalaureate/Master's Program in the College of Business Administration and Graduate School of Management: Students must have earned 90 semesters hours to apply for the Combine Baccalaureate/Master's Program in the College of Business Administration. In addition, they must meet the GPA requirement of 3.30 after 90 semester hours
CAREER OPPORTUNITIES:	Financial analysts held 250,600 jobs in 2008. Many financial analysts work at large financial institutions based in New York City or other major financial centers. About 47 percent of financial analysts worked in the finance and insurance industries, including securities and commodity brokers, banks and credit institutions, and insurance carriers. Others worked throughout private industry and government. Because of their close relationship to stock exchanges and large banking operations, most of the major investment banks in the United States are based in New York metropolitan area. Smaller investment banks can be found in many major American cities and some major investment banks have operations in other cities, although most of their business remains in New York. Financial managers held about 539,300 jobs in 2008. Although they can be found in every industry, approximately 31 percent were employed by finance and insurance establishments, such as banks, savings institutions, finance companies, credit unions, insurance carriers, and securities dealers. About 7 percent worked for Federal, State, or local government. Personal financial advisors held 208,400 jobs in May 2008. Jobs were spread throughout the country, although a significant number are located in New York, California, and Florida. About 63 percent worked in finance and insurance industries, including securities and commodity brokers, banks, insurance carriers, and financial investment firms. About 29 percent of personal financial advisors were self-employed, operating small investment advisory firms. Most real estate firms are relatively small; indeed, some are one-person businesses. By contrast, some large real estate firms have several hundred agents operating out of numerous branch offices. Many brokers have franchise agreements with national or regional real estate organizations. Under this type of arrangement, the broker pays a fee in exchange for the privilege of using the more widely known name of the parent organization. Although franchised brokers often receive help in training sales staff and running their offices, they bear the ultimate responsibility for the success or failure of their firms. (Source: Bureau of Labor Statistics)
ADMISSION REQUIREMENTS:	Requirements to be admitted as a finance major: Satisfactory completion of 46 semester hours applicable to the pre-finance major Minimum 2.50 cumulative GPA Minimum C (2.00) grade in COMM 15000, ENG 11011, ENG 21011 and MATH 11010 (or placement out of ENG 11011 and/or MATH 11010) Minimum C (2.00) grade in FIN 36053 For more information on admissions, visit the Admissions website for new freshmen. Transfer Student: A cumulative GPA of at least 2.50 (2.25 for economics) is required for admission into the College of Business Administration. Students who have previously attended Kent State must also have a minimum 2.50 GPA (2.25 for economics) in their former Kent State coursework.
GRADUATION REQUIREMENTS:	Minimum 121 total credit hours and 39 upper-division hours for graduation. Minimum 2.50 GPA overall and 2.50 GPA in major required for graduation.
LANGUAGE REQUIREMENT:	None
STUDY ABROAD/AWAY OPPORTUNITIES:	There are many study abroad/away opportunities, for more information contact the Office of International Affairs.
PROGRAM FEE:	$75/semester
ACCREDITATION:	Association to Advance Collegiate Schools of Business, The
STUDENT ORGANIZATIONS:	Collegiate Business Association; Delta Sigma Pi; Financial Management Association; Net Impact Kent State University
GRADUATE PROGRAMS:	Master of Business Administration: Accounting, Finance, Human Resource Management, Information Systems, International Business, Marketing