Finance is the study of the management of money. Firms and individuals seek to maintain liquidity in the short run (avoid running out of money) and to invest in the long-run to create value. Good financial decisions over time are critical to individuals, firms, and governments in achieving their goals. Finance uses tools including economic theory, accounting measurements, mathematical and statistical methods, data, and specialized knowledge of financial products, processes and markets to facilitate these financial decisions.
The focus in the finance curriculum is risk analysis and risk management. Understanding the risk the firm is taking is important to a corporate financial manager. Understanding the markets, and the instruments that trade in them is important in assessing risk for an investor.
Enhance your major with a Finance Minor that will be useful in every type of business by gaining the ability to understand and apply financial concepts and skills. The courses in the minor provide students with an understanding of individual investing, the scope and nature of the financial sector of the economy, and the challenges and opportunities for business competing in the global marketplace. Those interested in banking or insurance may petition for a substitution by Fin 330 or Fin 350 which focus on those specialized areas. Please see the UofL Undergraduate Catalog for minor in finance prerequisites and curriculum.
The objective of the Finance major program is to provide our students with a competitive edge in their professional financial and managerial careers. Our majors are prepared, upon graduation to apply critical thinking and problem solving skills, either individually or in teams, in order to creatively and ethically solve problems in a global marketplace.
A finance degree is also useful personally for managing one’s own finances, understanding risk, and planning for a secure future in an insecure world. Please see the UofL Undergraduate Catalog for the most up-to-date curriculum requirements for the BSBA with Major in Finance.
Career Opportunities in Finance
Non-financial businesses hire finance graduates to manage their money, maintaining liquidity in the short-run and maintaining profitability without undue risk in the long-run. Financial services firms, including banks, insurance companies, brokerage firms, investment funds, and securities trading platforms provide the infrastructure in financial markets and provide a variety of career options for finance graduates.
Careers in Finance
Financial skills are useful in every type of business from start-up firms to multinational corporations. Because monetary decisions encompass so many activities of the firm, financial people obtain a broad understanding of all of a firm’s activities. They often can jump from their specialized finance role to general corporate strategy and management. Consequently, in most firms one of the fastest routes from entry-level management to top management is through the finance area.
The financial services industry provides another set of career opportunities. This industry encompasses banks, brokerage firms, insurance and real estate firms, financial planning firms, pension funds, mutual funds, hedge funds, the securities markets, and numerous governmental agencies that oversee and regulate the industry. A degree in finance will qualify the graduate for entry level positions in financial services.
The Finance faculty teach undergraduate and graduate courses in finance, do financial research, and publish in a variety of forms from textbooks to articles in practitioner publications and in refereed academic journals.
Department of Finance
College of Business, Suite 235
University of Louisville
Louisville, KY 40292
Phone: (502) 852-7832 Fax: (502) 852-6072