Campuses:
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Twin Cities Campus
Finance B.S.B.Finance
Curtis L. Carlson School of Management
Finance is about understanding economic value. Specifically how the decisions made by firms determine the economic value of firms or investment opportunities.
Since all firms must invest capital (cash) to operate and grow, all firms simultaneously compete with each other, and all other investment opportunities, for capital in Capital Markets. Finance professionals estimate and evaluate economic value and risk focusing on estimating future cash flow and using information from Capital Markets.
Finance professionals include economists, operating managers, financial analysts, data scientists, researchers, investors, and financial advisors.
• Finance professionals are quantitative & analytical utilizing mathematical tools and building models to inform decision making.
• Finance professionals are curious, researching, and understanding firms and markets.
• Finance professionals are strong communicators, helping colleagues understand the financial implications of their business decisions and investment opportunities
• Finance professionals are comfortable with ambiguity, recognizing, and quantifying the economic impact of risk and uncertainty.
Program Delivery
This program is available:
Admission Requirements
Freshman and transfer students are usually admitted to pre-major status
before admission to this major.
A GPA above 2.0 is preferred for the following:
Students in the school have no restrictions on declaring the major but generally declare a major during the semester that they are enrolled in the I-Core. Students from outside of the school must meet overall admission standards to enter this major. Transfer students should complete Business Economics or Microeconomics, Financial Accounting, Business Statistics in R. University of Minnesota transfer students should also complete Modeling Business Scenarios in Excel prior to admission.
For information about University of Minnesota admission requirements, visit the
Office of Admissions
website.
Required prerequisites
Required Prerequisites
Economics
ECON 1165 - Business Economics
[SOCS]
(4.0 cr)
or
ECON 1101 - Principles of Microeconomics
[SOCS, GP]
(4.0 cr)
or
APEC 1101 - Principles of Microeconomics
[SOCS, GP]
(4.0 cr)
or
APEC 1101H - Principles of Microeconomics
[SOCS, GP]
(4.0 cr)
Accounting
ACCT 2051 - Introduction to Financial Reporting
(4.0 cr)
or
ACCT 2051H - Honors: Introduction to Financial Reporting
(4.0 cr)
Statistics
BA 2551 - Business Statistics in R
[MATH]
(4.0 cr)
Excel
BA 2051 - Modeling Business Scenarios in Excel
(2.0 cr)
General Requirements
All students in baccalaureate degree programs are required to complete general University and college requirements including writing and liberal education courses. For more information about University-wide requirements, see the
liberal education requirements.
Required courses for the major, minor or certificate in which a student receives a D grade (with or without plus or minus) do not count toward the major, minor or certificate (including transfer courses).
Program Requirements
At least 50% (29 cr) of the upper-division major credits must be completed at the University of Minnesota, Twin Cities campus.
Students may not complete both a Finance major and a Finance and Risk Management Insurance major due to overlap of requirements.
Required Courses
BA 1011 - Leading Self & Teams
(2.0 cr)
BA 1021 - Design Your Life
(1.0 cr)
BA 2062 - Impact Lab Problem Solving
(2.0 cr)
BA 3051 - Data-Driven Business Decisions
(3.0 cr)
BA 3062 - Impact Lab in Action
(2.0 cr)
BA 3551 - Business Analytics
(3.0 cr)
BA 2005 - Business Ethics, Corporate Responsibility & Sustainability
[CIV]
(3.0 cr)
or
BA 2005H - Business Ethics, Corporate Responsibility and Sustainability
[CIV]
(3.0 cr)
BA 2021 - Design Your Career
(1.0 cr)
or
IBUS 2021 - Design Your Career in a Global Context
(2.0 cr)
BA 3033W - Business Communication
[WI]
(3.0 cr)
or
IBUS 3033W - Business Communication in a Global Context
[WI]
(4.0 cr)
Impact Core
Student complete the Impact Core (I-Core) as a cohort. The Maroon and Gold I-Core can be taken in either order. Students must have the following courses completed before taking either I-Core: Microeconomics or Business Economics, Financial Accounting, Business Statistics in R, and Modeling Business Scenarios in Excel. In addition, it is strongly recommended that students complete the following prior to enrolling in I-Core: Leading Self & Teams, Design Your Life, and Powerful Problem Solving.
Maroon I-Core
BA 3001 - Race, Power, and Justice in Business
[DSJ]
(3.0 cr)
MKTG 3001 - Principles of Marketing
(3.0 cr)
or
MKTG 3001H - Honors:Principles of Marketing
(3.0 cr)
ACCT 3001 - Strategic Management Accounting
(3.0 cr)
or
IBUS 3002 - Strategic Management Accounting
(4.0 cr)
IDSC 3001 - Information Systems & Digital Transformation
[TS]
(3.0 cr)
or
IDSC 3001H - Honors: Information Systems for Business Processes and Management
(3.0 cr)
Gold I-Core
SCO 3001 - Sustainable Supply Chain and Operations
(3.0 cr)
MGMT 3004 - Strategic Management
(3.0 cr)
FINA 3001 - Finance Fundamentals
(3.0 cr)
or
FINA 3001H - Honors: Finance Fundamentals
(3.0 cr)
HRIR 3021 - Human Capital Management
(3.0 cr)
or
HRIR 3021H - Honors: Human Capital Management
(3.0 cr)
or
IBUS 3021 - Human Capital Management
(4.0 cr)
Major Courses
ACCT 5101 - Intermediate Accounting I
(4.0 cr)
FINA 4121 - Financial Markets and Interest Rates
(2.0 cr)
FINA 4221 - Principles of Corporate Finance
(2.0 cr)
FINA 4321 - Portfolio Management and Performance Evaluation
(2.0 cr)
FINA 4422 - Financial Modeling
(2.0 cr)
FINA 4522 - Options & Derivatives I
(2.0 cr)
Electives
Take 8 or more credit(s) from the following:
·
ACCT 5161 - Financial Statement Analysis
(2.0 cr)
·
FINA 4122 - Banks, Banking Services, and FinTech
(2.0 cr)
·
FINA 4234 - Mergers and Acquisitions In Action ? Process and Valuation
(2.0 cr)
·
FINA 4242W - Corporate Investment Decisions
[WI]
(4.0 cr)
·
FINA 4325 - Behavioral Finance
(2.0 cr)
·
FINA 4329 - Security Analysis Capstone
(2.0 cr)
·
FINA 4529 - Derivatives II Capstone
(2.0 cr)
·
FINA 4621 - The Global Economy (Macro)
(2.0 cr)
·
FINA 4622 - International Finance
(2.0 cr)
·
FINA 4920 - FinanceTopics
(2.0-4.0 cr)
·
FINA 5422 - Financial Econometrics and Computational Methods I
(2.0 cr)
·
FINA 5423 - Financial Econometrics and Computational Methods II
(2.0 cr)
·
IBUS 4125 - Global Banking: A Survey of Regulatory and Competitive Developments Post Financial Crisis
(4.0 cr)
International Experience
Students must complete an international experience as part of the program requirements. Short-term or semester-length programs may be used to meet this requirement. Students should attend an International Experience (IE) 101 workshop early in their program to begin planning.
Upper-division Writing Intensive within the major
Students are required to take one upper-division Writing Intensive course within the major. If that requirement has not been satisfied within the core major requirements, students must choose one course from the following list. Some of these courses may also fulfill other major requirements.
Take 0 - 1 course(s) from the following:
·
FINA 4242W - Corporate Investment Decisions
[WI]
(4.0 cr)
·
BA 3033W - Business Communication
[WI]
(3.0 cr)
·
IBUS 3033W - Business Communication in a Global Context
[WI]
(4.0 cr)
Program Sub-plans
A sub-plan is not required for this program.
Integrated BS in Business/Master in HRIR
This integrated program provides a unique opportunity for Carlson students to obtain an advanced degree more quickly and prepare themselves to lead in the shifting landscape of the global marketplace. The integrated program would allow Carlson undergraduate students to complete both their B.S.B. and their MHRIR in a total of five years.
Students will follow a normal Carlson undergraduate curriculum for their first three years. They would apply for the MHRIR program by February 1st of their junior year and they would begin the MHRIR program as part of the MHRIR first-year cohort in the fall of their senior year. The senior year would have the integrated program students in all the first-year MHRIR core courses and the remaining undergraduate courses to complete their undergraduate degree.
Twelve credits of the MHRIR first-year would be applied to the undergraduate degree, including HRIR 6301, 6701, and 6501. Thirteen credits would apply to the M.HRIR degree, including HRIR 6001, 6401, 6441, and 6805.
Students will finish their MHRIR in the fifth year of the integrated program.
HRIR minors: please note that HRIR 6301 is considered equivalent to HRIR 3031 and 3032, HRIR 6401 and 6441 are equivalent to HRIR 3041 and 3042, HRIR 6701 is equivalent to HRIR 3071 and 3072, and HRIR 6501 is equivalent to HRIR 3051. It is recommended that students do not take the equivalent undergraduate HRIR courses if they plan to pursue the integrated degree.
BSB/Masters Human Resources and Industrial Relations
Students in the BSB/M.HRIR integrated degree program should complete the following courses in their senior year. These courses meet requirements for the Masters in Human Resources and Industrial Relations and twelve credits of the BSB Human Resources major/minor.
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Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 1101/1165 ApEc 1101/1101H |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 1101/1165 ApEc 1101/1101H |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 1101/1165 ApEc 1101/1101H |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Econ 1101/1165 ApEc 1101/1101H |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Acct 2050/ApEc 1251/Dbln 2051 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Acct 2050/ApEc 1251/Dbln 2051 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | BA 2551/SCO 2550 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 3.0] |
Course Equivalencies: | Mgmt 1001/BA 1011 |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 1.0 [max 1.0] |
Grading Basis: | S-N only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | EPsy 3613/EPsy 5613 |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 1.0 [max 1.0] |
Course Equivalencies: | BA 2021/IBus 3006 |
Grading Basis: | S-N only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | BA 2021/IBus 3006 |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | BA 3033W/Mgmt 3033W/IBUS 3033W |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | BA 3033W/Mgmt 3033W/IBUS 3033W |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Mktg 3001/Mktg 3001H |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Mktg 3001/Mktg 3001H |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Acct 3001/IBus 3002 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Acct 3001/IBus 3002 |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | IDSC 3001/IDSC 3001H |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Mgmt 3004/Mgmt 4004W |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | ApEc 3501/Fina 3001/Fina 3001H |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | ApEc 3501/Fina 3001/Fina 3001H |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | HRIR 3021/HRIR 3021H/IBUS 3021 |
Grading Basis: | A-F only |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | HRIR 3021/HRIR 3021H/IBUS 3021 |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | HRIR 3021/HRIR 3021H/IBUS 3021 |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | Fina 4121/Fina 4121H |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | Fina 4221/Fina 4241 |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | Fina 4321/Fina 4321H |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | Fina 4522/Fina 4523 |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Fina 4229/Fina 4242 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | Fina 4322/Fina 4329 |
Prerequisites: | 4121 or 4121H, 4321 or 4321H, 4422, 4522, ACCT 5100 or ACCT 5101 |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | Fina 4529/Fina 4529H Fina 4551 |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | Fina 4621/Fina 4641 |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 -4.0 [max 10.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | Fina 5422/MSF 6422 |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | Fina 5423/MSF 6423 |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | Fina 4229/Fina 4242 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | BA 3033W/Mgmt 3033W/IBUS 3033W |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Course Equivalencies: | BA 3033W/Mgmt 3033W/IBUS 3033W |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 0.5 -1.0 [max 1.0] |
Grading Basis: | S-N only |
Typically offered: | Every Fall & Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Spring |