What is Finance?
Is it worth it? This is the single, simple and critical question that finance seeks to answer. Is it worth it for a company to make a strategic acquisition? Is it worth it for a mutual fund manager to buy a particular stock? Is it worth it for a company to issue a bond? Is it worth it for a recent graduate to pursue an MBA? Is it worth it to put solar panels on a house? Finance applies quantitative and qualitative analysis to answer these questions and many others, all with the aim of determining whether something is worth it!
More broadly, finance is the study of the optimal allocation (procurement, deployment, and distribution) of scarce financial resources. What is the best way for a start-up to acquire financing? What are the best new projects for a firm to invest in? What is the best way for a mature firm to return excess capital to its shareholders? These are all questions finance seeks to answer.
- Forecast expected cash flows from investment opportunities and potential projects
- Assess the risk and uncertainty associated with investment opportunities and potential projects
- Perform industry and macro-economic analysis
- Estimate the value of financial assets and options
- Minimize, manage, and hedge risk
- Study the efficiencies of the markets in which financial assets trade
- Analyze the interplay between time and interest
- Utilize diverse technical, analytical, critical-thinking and problem solving skill sets.
BS Finance Program
The Finance Program is a quantitatively oriented program that prepares students to choose from a host of career opportunities. The curriculum places special emphasis on critical thinking and problem solving, including skill development in data procurement and analysis, firm and project valuation, fundamental research, risk hedging, and portfolio management and optimization. The Finance Program offers diverse hands-on opportunities for portfolio management, case presentations and competitions, mentoring, and recruiting opportunities.
The Finance Program boasts outstanding faculty and students. The faculty are highly regarded industry experts with impressive publishing records and industry experience who are devoted to training and mentoring students. Our students have claimed multiple national championships in case competitions and compete head-to-head with the most prestigious universities in America for placement opportunities.
Within the Finance Program students pursue one of seven tracks within the BS Finance major: consulting, corporate finance, equity, fixed income, investment banking, private wealth and real estate.
The BS Finance program is limited enrollment, accepting 175 students on a rolling basis beginning each fall semester. Students interested in applying to the program are required to complete ACC 200, FIN 201, and MKTG 201 prior to applying. Due to the competitive nature of the program, average pre-requisite and overall GPAs for admitted students are very high.
Once in the Finance Program, students will take a rigorous and diverse set of required and elective classes covering topics such as investments, capital markets, corporate finance, derivatives, fixed-income, equity valuation, and many others. Throughout their time in the program, students have opportunities to serve in leadership positions, present their work to colleagues and industry experts, participate in national competitions, network with Fortune 500 companies, and receive mentoring from industry professionals.
Careers in Finance
Marriott School finance graduates are prepared to work in locations throughout the world in positions that offer rich experience and considerable flexibility both in terms of compensation and work-life balance. Alumni work in a variety of job industries and positions including, but not limited to:
CORPORATE FINANCE: Capital Budgeting & Forecasting, Commercial Banking, Financial Planning & Analysis, Managerial Accounting, Treasury Functions
FINANCIAL CONSULTING: Financial Advisory, Internal Corporate Consulting, Management Consulting, Private Wealth Advisor
INVESTMENT BANKING: Debt & Equity Offerings, Financial Advisory, IPO’s, Mergers & Acquisitions, Investment Banker, Commercial Banker
MARKETS: Asset Management, Equity Research, Private Wealth Management, Sales & Trading
PRIVATE BANKING: Wealth Management, Asset Management, Capital Advisory, Investment Specialist, Banker (relationship specialist),
REAL ESTATE: Land Development, Corporate/Commercial Real Estate, Real Estate Financial Services, Portfolio Management
OTHER: Corporate Treasury Analyst, Consultant, Credit Analyst, Equity Analyst, Securities or Commodity Trader.
Recent graduates have accepted positions in a variety of industries, such as financial services, technology, real estate, consulting, consumer products, and manufacturing. Top recruiters on campus include Goldman Sachs, JP Morgan, Vanguard, Walmart, Adobe, Union Pacific, Credit Suisse, and Morgan Stanley. Finance majors have placed full-time positions and internships at over 175 companies.