Finance


major-finance

Finance is built on the idea that time and uncertainty have value. From this insight, derived from economics and expressed in a language that borrows from economics and accounting, a major in finance teaches students about corporate finance, investments, banking, and quantitative methods. Students learn how corporations and organizations acquire funds and about how they use them, both for the short term and for the long term. Students also learn how the financial system (financial markets and financial institutions) works and how it serves society by making funds available to those who can use them to create value. A Finance major prepares its students to participate in this process of value-creation by giving them specific skills related to corporate financial management and investment analysis, including advanced quantitative skills.

Our students learn the basics in a way that is practical and oriented towards what is necessary to actually run a business. Our students develop and sharpen their skills in communication and analysis, in working with others and working with numbers, in seeing the big picture and in drilling down to details. Our students learn how to think – how to think better, more broadly, more flexibly – which is the best preparation for the changing world of business.

Our majors emphasize analytical thinking and tools: the intellectual equipment and critical skills needed to understand and excel in business and in most other human endeavors. Ave Maria students have the unique fortune of building on a foundation of a liberal education, an education on the basic realities about God and the world, man and his relationship with God and nature. Through our liberal arts curriculum, students learn that reality is coherent and intelligible and grow in the habit – in the essential business skill – of looking for patterns and seeing the sense in the apparent contradictions of the world that surrounds them.

Business can be a tremendous force for good if pursued with rectitude of intention and a clear-minded awareness of the truth of the human person. Carried out with an incorrect understanding of its purpose, business can be destructive and corrosive to the community. Indeed, because it involves human action, business cannot be dissociated from morality and cannot be divorced from virtue. Yet habits of moral action must be learned existentially: virtue cannot be acquired through study alone. Ave Maria Business students are blessed to live and study in a context where moral virtue is valued and instilled, where the practices and expectations of the University community encourage students to choose what is right rather than what is convenient.

The Business program at Ave Maria aims to inspire students to become business leaders led by Christian ideals and governed by Christian ideas. Relying on the Catholic faith lived intensely on campus and on the general intellectual formation of the Core Curriculum, what animates the program is the Catholic view of the human person, his nature, and his ultimate destiny. The distinctive character of the program is its belief in the dignity of the human person, in the reality and importance of the common good, in subsidiarity and solidarity, in ownership as stewardship, and in responsibility for the environment. Because students learn to value human beings for what they are, not for what utility they bring, they are able to serve the Church and their society loyally and generously.

Other majors in our department:
Accounting
Business
Global Affairs & International Business
Communications
Marketing

Explore the Finance Program

Finance is built on the idea that time and uncertainty have value.  From this insight, derived from economics and expressed in a language that borrows from economics and accounting, a major in finance teaches students about corporate finance, investments, banking, and quantitative methods.  Students learn how corporations and organizations acquire funds and about how they use them, both for the short term and for the long term.  Students also learn how the financial system (financial markets and financial institutions) works and how it serves society by making funds available to those who can use them to create value.  A Finance major prepares its students to participate in this process of value-creation by giving them specific skills related to corporate financial management and investment analysis, including advanced quantitative skills.

The study of business is the study of innovation, creativity, and entrepreneurship that increases value for human life in broad terms.  Involving as it does an organic complex of personal orientation, analytical skills, specialized knowledge, and acquired habits, the study of business – as the study of what wealth is and how it is created by personal action and judgment – can be a noble and fulfilling path of undergraduate study.

Business is a practical endeavor. Indeed, business leaders constantly face critical issues that demand judgment calls, which puts a premium on the acquisition of the habit of prudent action acquired through professional formation, carried out through directed practice and mentoring. Ave Maria’s business education includes exposure and appropriate mastery of the specific knowledge and skills of business, learned in the courses that give students specialized abilities needed for success.

Our students learn the basics in a way that is practical and oriented towards what is necessary to actually run a business.  Our students develop and sharpen their skills in communication and analysis, in working with others and working with numbers, in seeing the big picture and in drilling down to details.  Our students learn how to think – how to think better, more broadly, more flexibly – which is the best preparation for the changing world of business.

Our majors emphasize analytical thinking and tools: the intellectual equipment and critical skills needed to understand and excel in business and in most other human endeavors.  Ave Maria students have the unique fortune of building on a foundation of a liberal education, an education on the basic realities about God and the world, man and his relationship with God and nature.  Through our liberal arts curriculum, students learn that reality is coherent and intelligible and grow in the habit – in the essential business skill – of looking for patterns and seeing the sense in the apparent contradictions of the world that surrounds them.

The Business program at Ave Maria aims to inspire students to become business leaders inspired by Christian ideals and governed by Christian ideas.  Relying on the Catholic faith lived intensely on campus and on the general intellectual formation of the Core Curriculum, what animates the program is the Catholic view of the human person, his nature, and his ultimate destiny.  The distinctive character of the program is its belief in the dignity of the human person, in the reality and importance of the common good, in subsidiarity and solidarity, in ownership as stewardship, and in responsibility for the environment.  Because students learn to value human beings for what they are, not for what utility they bring, they are able to serve the Church and their society loyally and generously.

1.     Our alumni work in all areas of business: analysis, sales, consulting, management, logistics, accounting, information systems, sports, health care.  Many have gone on to graduate study in business, law, and other areas.

2.     The Department of Business offers a major and a minor in Business Administration, a major and a minor in Accounting, a Major in Finance, and a major in Global Affairs and International Business.

3.     We have a close relationship with the Career Services Department.  Jointly we run a Corporate Internship program, through which students are placed in internships that are overseen by our faculty.

4.     Our professors have multiple, advanced degrees in management, accounting, finance, economics, taxation, and law.

5.     The top 20% of business juniors and seniors is qualified for membership in Sigma Beta Delta, the business honor society.

In addition to the core curriculum, finance majors take the following courses

  • ACCT 201 Financial Accounting
  • ACCT 202 Managerial Accounting
  • BUSN 303 Management and Ethics
  • BUSN 340 Business Law
  • BUSN 368 Quantitative Business Analysis
  • BUSN 490 Strategic Management/Business Capstone
  • ECON 201 Principles of Macroeconomics
  • ECON 202 Principles of Microeconomics
  • FINC 201 Fundamentals of Finance
  • STAT 230 AppliedStatistics

Finance Courses (28 credits) 

  • FINC 310 Advanced Corporate Finance
  • FINC 320 Banking, Financial Institutions, and Society FINC 350
  • Security Analysis
  • FINC 351 Portfolio Management

1 Elective to be chosen from

  • BUSN 329 Business and Economic Forecasting
  • FINC 403 Quantitative Methods in Finance

2 Electives to be chosen from

  • ACCT 301 Intermediate Accounting I
  • BUSN 201 Principled Entrepreneurship
  • BUSN 400 International Business
  • ECON 301 Intermediate Macroeconomics
  • ECON 302 Intermediate Microeconomics
  • FINC 325 Private Equity and Investment Banking FINC 355 Fixed Income Securities

See the Academic Catalogue for course descriptions

 INTERNSHIPS:

Ave Maria University is fortunate to be connected to a strong, nationally-recognized network of business managers and CEOs who are looking for the skills and the virtues that characterize Ave Maria students.  We are very active in developing our students’ career potential, connecting them with suitable internships, and ensuring their success.

CAREERS:

With a Finance major, you can look forward to careers in corporate finance, investments, banking, and insurance.  Careers in finance include investment banker, trader, portfolio manager, analyst, financial journalist.  They also include corporate treasurer and budget analyst.  Some finance majors give advice to corporations or individuals about how to reach their financial goals, using their knowledge of investments, tax laws, and insurance.  Others work in the banking sector in asset or liability management.  Others help companies develop their financial plans, decide how to acquire resources and how to allocate them, and estimate future uses and sources of financing.

For more information about careers in investments, see this articleExternal link.  For information about careers in personal financial planning or corporate finance look at this oneExternal link.

AFFILIATIONS:

The Business Honor Society Sigma Beta Delta has a chapter at Ave Maria University, to which the top twenty percent of juniors and seniors are admitted.

Gabriel Martinez, Ph.D.

Chair of the Economics Department, Associate Professor of Economics, Director of Online Education
Education: B.A., Interdisciplinary Studies, University of South Carolina; M.A., Economics, University of Notre Dame; Ph.D., Economics, University of Notre Dame
Office: Henkels 2056
Phone: (239) 280-1611
Curriculum Vitae: Download

 

Frank Shepard, D.P.S.

Chair of the Business Department, Associate Professor of Finance
Education: B.S., Accounting, Bentley College; M.B.A, Finance, Columbia University Graduate School of Business; D.P.S., Finance & International Economics, Pace University
Office: Henkels 2020
Phone: (239) 304-7345