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Duluth Campus

Finance Minor

Accounting and Finance
Labovitz School of Business and Economics
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Spring 2019
  • Required credits in this minor: 12 to 30
The minor in finance can be used as a complement to a related discipline. It provides a comprehensive overview of the theories and common practices in corporate finance, investment and portfolio management, and the management of financial institutions. The finance minor is available to LSBE and Non-LSBE students.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
A GPA above 2.0 is preferred for the following:
  • 2.60 already admitted to the degree-granting college
  • 2.60 transferring from another University of Minnesota college
  • 2.60 transferring from outside the University
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Minor Requirements
Program Sub-plans
Students are required to complete one of the following sub-plans.
Finance Minor for BBA/BAcc Students
Required Courses (12 cr)
FIN 3601 - Corporate Finance (3.0 cr)
FIN 3644 - Investment Fundamentals (3.0 cr)
FIN 3647 - Financial Markets and Institutions (3.0 cr)
Electives
Take at most 3 credit(s) from the following:
· FIN 3612 - Managerial Finance (3.0 cr)
· FIN 3619 - Analysis of Financial Statements (3.0 cr)
· FIN 3649 - International Finance (3.0 cr)
· FIN 3655 - Risk Management and Insurance (3.0 cr)
· FIN 4615 - Derivative Securities (3.0 cr)
· FIN 4617 - Management of Financial Institutions (3.0 cr)
· FIN 4644 - Portfolio Management (3.0 cr)
· FIN 4645 - Financial Modeling and Valuation (3.0 cr)
Finance Minor for Non-LSBE Students
A minimum overall and UM GPA of 2.60 and 2.oo in LSBE courses and completion of the pre-minor core are required for automatic admission to this minor. Students with GPAs between 2.00 and 2.59 should consult with the LSBE Advising and Academic Services Office.
Non-LSBE Students Pre-Minor Core (15 - 18 cr)
Students are encouraged to complete ECON 1022 and 1023 as pre-minor core prerequisites.
ACCT 2001 - Principles of Financial Accounting (3.0 cr)
ECON 2030 - Applied Statistics for Business and Economics [LOGIC & QR] (3.0 cr)
MIS 2201 - Information Technology in Business (3.0 cr)
MGTS 1101 - Introduction to Business [LE CAT8] (3.0 cr)
ECON 1003 - Economics and Society [LE CAT8, SOC SCI] (3.0 cr)
or ECON 1022 - Principles of Economics: Macro [LE CAT6, SOC SCI] (3.0 cr)
ECON 1023 - Principles of Economics: Micro [LE CAT6, SOC SCI] (3.0 cr)
Required Courses (12 cr)
FIN 3601 - Corporate Finance (3.0 cr)
FIN 3644 - Investment Fundamentals (3.0 cr)
Electives
Take at most 6 credit(s) from the following:
· FIN 3612 - Managerial Finance (3.0 cr)
· FIN 3619 - Analysis of Financial Statements (3.0 cr)
· FIN 3647 - Financial Markets and Institutions (3.0 cr)
· FIN 3649 - International Finance (3.0 cr)
· FIN 3655 - Risk Management and Insurance (3.0 cr)
· FIN 4615 - Derivative Securities (3.0 cr)
· FIN 4617 - Management of Financial Institutions (3.0 cr)
· FIN 4644 - Portfolio Management (3.0 cr)
· FIN 4645 - Financial Modeling and Valuation (3.0 cr)
 
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· Labovitz School of Business and Economics


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· Finance Minor
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FIN 3601 - Corporate Finance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Fundamental concepts of managerial financial decision making. Time value of money, valuation, risk and return, financial statement analysis, short-run financial management, capital budgeting, cost of capital, long-term financing, and corporate taxation. prereq: LSBE candidate or approved non-LSBE business administration minor or approved Finance minor or college consent; credit will not be granted if already received for FMIS 3601
FIN 3644 - Investment Fundamentals
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Comprehensive introduction to nature, problems, and process of evaluating particular securities and portfolio construction. Survey of basic principles of security analysis, analytical techniques, and investment policy for individual and institutional investors. Introduction to computer-assisted investment analysis. prereq: FMIS 3601 or FIN 3601, LSBE candidate or approved finance minor or college consent; credit will not be granted if already received for FMIS 3644
FIN 3647 - Financial Markets and Institutions
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Analysis of money and capital markets, savings-investment process, and financial institutions. Role of Federal Reserve and Treasury in finance market development; supply and demand for loanable funds; level and structure of interest rates. Asset/liability management. prereq: FIN 3601 or FMIS 3601, LSBE candidate or or approved Finance minor or college consent; credit will not be granted if already received for FMIS 3647
FIN 3612 - Managerial Finance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Intermediate conceptual and analytical applications in capital budgeting, funds flow, cost of capital, debt management, equity financing, mergers and acquisitions, business reorganizations, international financial management. prereq: FMIS 3601 or FIN 3601, LSBE candidate or approved Finace minor or college consent; credit will not be granted if already received for FMIS 3612
FIN 3619 - Analysis of Financial Statements
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Analysis and interpretation of financial statements, presentation of analytical techniques, including trend, comparative, and ratio analysis. Use of computer assisted analysis prereq: FMIS 3601 or FIN 3601, LSBE candidate or or approved finance minor or instructor consent; an Accounting/Finance double major cannot take FMIS 3619 to count as a Group B finance elective. See your finance adviser for details; credit will not be granted if already received for FMIS 3619
FIN 3649 - International Finance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Summer
Comprehensive framework and analysis for financial management of international firm. International financial markets, exchange rates and international firms, elements of international investments, financing decisions, and strategy formulation. prereq: FMIS 3601 or FIN 3601, LSBE candidate or Finance minor or college consent; credit will not be granted if already received for FMIS 3649
FIN 3655 - Risk Management and Insurance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Foundations as well as the economic, financial and legal issues surrounding risk management and insurance. Students will discuss and analyze risk management techniques currently used in business and examine different types of insurance policies. prereq: FMIS 3601 or FIN 3601, LSBE candidate or approved Finance minor or instructor consent; credit will not be granted if already approved for FMIS 3655
FIN 4615 - Derivative Securities
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Nature and functions of derivative security markets such as options, futures, options on futures, swaps, and financial engineering. Emphasizes their use as tools for risk reduction, portfolio management, and speculative medium for aggressive investor. prereq: FMIS 3644 or FIN 3644, LSBE candidate or Finance minor with 60 credits or grad student or college consent; credit will not be granted if already received for FMIS 4615
FIN 4617 - Management of Financial Institutions
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall & Spring
Techniques for managing commercial banks and other financial institutions through asset/liability management. prereq: FMIS 3647 or FIN 3647, LSBE candidate or approved Finance minor with 60 credits or grad student or college consent; credit will not be granted if already received for FMIS 4617
FIN 4644 - Portfolio Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Portfolio analysis in the mean-variance framework of Markowitz. Portfolio management strategies. The CAPM, APT, and other capital market theory implications. Portfolio performance evaluation. prereq: FMIS 3644 or FIN 3644, LSBE candidate or Finance Minor; credit will not be granted if already received for FMIS 4644
FIN 4645 - Financial Modeling and Valuation
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
The objective of this course is to introduce students to financial modeling in Microsoft Excel. In particular, the course will focus on exploring the techniques and tools used to by industry professionals to produce valuations for businesses. The course will first explore commonly-used valuation approaches such as dividend discount models, discounted cash flow analysis, and valuation-by-comparables and then use these models to value publicly-traded companies and situations such as initial public offering or a corporate merger. pre-req: LSBE candidate or approved Finance minor, FMIS 3612 or FIN 3612; credit will not be granted if already received for FMIS 3645 or FMIS 4645, no grad credit
ACCT 2001 - Principles of Financial Accounting
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Concepts of financial accounting and external reporting. Nature and measurement of assets, liabilities, equities, revenues, expenses. Emphasis on use and understanding of external financial statements. prereq: Minimum 15 credits or college consent
ECON 2030 - Applied Statistics for Business and Economics (LOGIC & QR)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Introduction to modern business statistics, emphasizing problem solving applications through statistical decision making using case studies. Topics include organization and presentation of data, summary statistics, distributions, statistical inference including estimation, and hypothesis testing. prereq: minimum 30 credits, LSBE student, pre-business or pre-accounting or Econ BA major or Graphic Design and Marketing major or Graphic Design with Marketing subplan major or Econ minor or Accounting minor or Business Admin minor; credit will not be granted if already received for Econ 2020, Stat 1411, Stat 2411, Stat 3611, Soc 3151, Psy 3020
MIS 2201 - Information Technology in Business
Credits: 3.0 [max 3.0]
Course Equivalencies: 01392 - FMIS 2201/1201/3201/CS 1011
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Introduction to information technology (IT) concepts: computer hardware and software; use of personal productivity tools (spreadsheet, database, and presentation software); system development processes; Web technologies; applications of IT in business processes. prereq: LSBE major or minor student or Graphic Design and Marketing major or Graphic Design with Marketing subplan major or Computer Information Systems majors or minors, minimum 15 credits or college consent; credit will not be granted if already received for FMIS 2201
MGTS 1101 - Introduction to Business (LE CAT8)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall & Spring
Introduction to context, environment, and operation of business and organizations. Study of foundations and functional areas of business and entrepreneurship. Analysis of technological, ethical, diversity, and global issues from business and organizational perspectives.
ECON 1003 - Economics and Society (LE CAT8, SOC SCI)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall, Spring & Summer
General description of U.S. economy and analysis of contemporary economic problems. Introduction to major economic issues and problems of the day, providing a simple framework used by economists for analysis. prereq: Cannot apply credit to economics major or minor or BAc or BBA majors
ECON 1022 - Principles of Economics: Macro (LE CAT6, SOC SCI)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Analyzing overall performance of an economic system. National income accounting and theory, unemployment, inflation, fiscal policy, money, monetary policy, economic growth, international trade, non-U.S. economies, and real-world application of these concepts. prereq: Minimum 15 credits or department consent
ECON 1023 - Principles of Economics: Micro (LE CAT6, SOC SCI)
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Analyzing free enterprise system through study of product and resource markets. Supply and demand, utility, production and cost, market structure, resource use, market failures, regulatory role of government, and real-world application of these concepts. prereq: Minimum 15 credits or department consent
FIN 3601 - Corporate Finance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Fundamental concepts of managerial financial decision making. Time value of money, valuation, risk and return, financial statement analysis, short-run financial management, capital budgeting, cost of capital, long-term financing, and corporate taxation. prereq: LSBE candidate or approved non-LSBE business administration minor or approved Finance minor or college consent; credit will not be granted if already received for FMIS 3601
FIN 3644 - Investment Fundamentals
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Comprehensive introduction to nature, problems, and process of evaluating particular securities and portfolio construction. Survey of basic principles of security analysis, analytical techniques, and investment policy for individual and institutional investors. Introduction to computer-assisted investment analysis. prereq: FMIS 3601 or FIN 3601, LSBE candidate or approved finance minor or college consent; credit will not be granted if already received for FMIS 3644
FIN 3612 - Managerial Finance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Intermediate conceptual and analytical applications in capital budgeting, funds flow, cost of capital, debt management, equity financing, mergers and acquisitions, business reorganizations, international financial management. prereq: FMIS 3601 or FIN 3601, LSBE candidate or approved Finace minor or college consent; credit will not be granted if already received for FMIS 3612
FIN 3619 - Analysis of Financial Statements
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Analysis and interpretation of financial statements, presentation of analytical techniques, including trend, comparative, and ratio analysis. Use of computer assisted analysis prereq: FMIS 3601 or FIN 3601, LSBE candidate or or approved finance minor or instructor consent; an Accounting/Finance double major cannot take FMIS 3619 to count as a Group B finance elective. See your finance adviser for details; credit will not be granted if already received for FMIS 3619
FIN 3647 - Financial Markets and Institutions
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Analysis of money and capital markets, savings-investment process, and financial institutions. Role of Federal Reserve and Treasury in finance market development; supply and demand for loanable funds; level and structure of interest rates. Asset/liability management. prereq: FIN 3601 or FMIS 3601, LSBE candidate or or approved Finance minor or college consent; credit will not be granted if already received for FMIS 3647
FIN 3649 - International Finance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Summer
Comprehensive framework and analysis for financial management of international firm. International financial markets, exchange rates and international firms, elements of international investments, financing decisions, and strategy formulation. prereq: FMIS 3601 or FIN 3601, LSBE candidate or Finance minor or college consent; credit will not be granted if already received for FMIS 3649
FIN 3655 - Risk Management and Insurance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Foundations as well as the economic, financial and legal issues surrounding risk management and insurance. Students will discuss and analyze risk management techniques currently used in business and examine different types of insurance policies. prereq: FMIS 3601 or FIN 3601, LSBE candidate or approved Finance minor or instructor consent; credit will not be granted if already approved for FMIS 3655
FIN 4615 - Derivative Securities
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Nature and functions of derivative security markets such as options, futures, options on futures, swaps, and financial engineering. Emphasizes their use as tools for risk reduction, portfolio management, and speculative medium for aggressive investor. prereq: FMIS 3644 or FIN 3644, LSBE candidate or Finance minor with 60 credits or grad student or college consent; credit will not be granted if already received for FMIS 4615
FIN 4617 - Management of Financial Institutions
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall & Spring
Techniques for managing commercial banks and other financial institutions through asset/liability management. prereq: FMIS 3647 or FIN 3647, LSBE candidate or approved Finance minor with 60 credits or grad student or college consent; credit will not be granted if already received for FMIS 4617
FIN 4644 - Portfolio Management
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Portfolio analysis in the mean-variance framework of Markowitz. Portfolio management strategies. The CAPM, APT, and other capital market theory implications. Portfolio performance evaluation. prereq: FMIS 3644 or FIN 3644, LSBE candidate or Finance Minor; credit will not be granted if already received for FMIS 4644
FIN 4645 - Financial Modeling and Valuation
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
The objective of this course is to introduce students to financial modeling in Microsoft Excel. In particular, the course will focus on exploring the techniques and tools used to by industry professionals to produce valuations for businesses. The course will first explore commonly-used valuation approaches such as dividend discount models, discounted cash flow analysis, and valuation-by-comparables and then use these models to value publicly-traded companies and situations such as initial public offering or a corporate merger. pre-req: LSBE candidate or approved Finance minor, FMIS 3612 or FIN 3612; credit will not be granted if already received for FMIS 3645 or FMIS 4645, no grad credit