There are two tracks for students who wish to major in finance:
The requirements for each track are different although there is some overlap.
*Previously there were three tracks available but the Financial Planning track has been suspended for the time being. Currently only the two tracks listed above are available.
The Finance sector is comprised of establishments primarily engaged in financial transactions, which involve the creation, liquidation, or change in ownership of financial assets. Almost every firm, government agency, and other type of organization employ one or more financial managers. Working in offices often close to top managers and with departments that develop the financial data those managers need, financial managers typically have direct access to state-of-the-art computer systems and information services. Our finance graduates secure careers ranging from managing finances for startups to working in the biggest, most prestigious financial firms on Wall Street. Students must be Finance and/or Accounting majors to complete the program.
Financial managers generally oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. Managers also develop and implement the strategies for the long - term goals of their organization. A bachelor’s degree in finance, accounting, economics, or business administration is the minimum academic preparation for financial managers. This track academic programs develops analytical skills and teaches financial analysis methods and technology.
The duties of financial managers vary with their specific titles, which include: equity/bond analyst or trader, investment banker, controller, treasurer or finance officer, credit manager, cash manager, risk and insurance manager, compliance officer, operations manager and international banking supervisor. Candidates for financial management positions need many different skills. Interpersonal skills are key because these jobs involve managing people and working as part of a team to solve problems. Financial managers must also have excellent communication skills in order to explain complex financial data and their interactions. Because financial managers work extensively with various departments in their firm, a broad understanding of business is also essential.
Financial managers should be creative thinkers and problem-solvers, applying their analytical skills to business. They must have knowledge of international finance as financial operations are increasingly being affected by the global economy. In addition, a good knowledge of regulatory compliance procedures is essential.
Rutgers Business School provides students with the skills and industry connections they need to get jobs in the most prominent financial institutions in New York City and beyond. With easy access to the city from either campus, internships, networking events, and alumni connections on Wall Street are minutes away, and provide valuable experiences for our students.
According to the 2012 U.S. Bureau of Labor Occupational Outlook Handbook, bachelor’s degree candidates in finance received offers with a median salary of $76,950.
In addition to the RBS Core Courses, students must take at least 24 major credits, including 12 credits of the required courses and at least 12 credits of electives.
| Course | Credits | Notes and Prerequisites |
| 29:010:203 Financial Accounting | 3 | |
| 29:010:204 Managerial Accounting | 3 | Prereq: 29:010:203 |
| 29:011:301 Foundations for Your Career Journey | 1 | |
| 29:011:302 Building Your Brand | 1 | Prereq: 29:011:301 |
| 29:011:303 Conquering Your Transition | 1 | Prereq: 29:011:302 |
| 29:623:220 Management Information Systems | 3 | |
| 29:623:340 Business Research Methods | 3 | MIS and Statistics |
| 29:623:311 Production & Operations Management | 3 | MIS and Statistics |
| 29:522:334 Ethics in Business OR 29:010:319 Business Law | 3 | Prereqs: 355:102, 220:101&102 & 29:010:204 |
| 29:390:329 Finance* | 3 | Prereqs: All Business Foundations Courses Including Calculus |
| 29:620:301 Intro to Management | 3 | |
| 29:620:302 Management Skills | 3 | |
| 29:620:368 International Business | 3 | Prereq: 29:620:301 |
| 29:630:301 Intro. to Marketing | 3 | |
| 29:799:301 Intro. to Supply Chain Management | 3 | |
| 29:620:492 Business Policy and Strategy | 3 | Prereqs: Finance, Marketing, Management, Supply Chain Management, and 86+ Earned Credits. |
| Credit Total | 42 |
Financial concepts and methods of analysis. The time value of money and its relation to such concepts as net present value and internal rate of return; principles of valuation and financial markets. The use of capital budgeting, management of cash flow, and working capital management.
Prerequisites: 21:220:102, 21:220:231, 21:355:101
*RBS 24/7™ designates that this is a synchronous class, where the content is video streamed live and recorded, so that it is available for asynchronous viewing anytime (24/7). In addition, RBS 24/7™ classes offer access to a virtual helpdesk that offers extended, supplemental learning support. Contact the finance and economics department to learn more.
All finance majors must take Financial Econometrics. Economics majors who are also finance majors may use Introduction to Econometrics (21:220:322).
Introduction and analysis of the dimensions of risk and return. Portfolio theory and its application in the management and performance evaluation of investment portfolios. Equilibrium theories of risk and return-capital asset pricing model and the arbitrage pricing model. Interest rate theory, yield curve, linkage between short-term and long-term rates, credit risk, and interest rate risk. Analysis of individual securities: money market securities, bonds and mortgage-backed securities, common and preferred stocks, and derivatives-futures and options.
Issues relating to the financing of capital investments. How financial risk affects the cost of capital and helps determine the capital structure of the corporation. Interactions between investment and financing decisions. The uses of various securities to finance an investment, as well as methods such as lease financing.
Prerequisites: 29:390:329, 21:355:102, 21:220:101
Detailed overview of the theory and institutional features of the U.S. financial system; comprehensive review of the U.S. financial markets.
