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Introduction 

Finance is the study of value.  Using basic principles from the fields of accounting, economics, and statistics, finance involves analysis of finanical institutions, financial markets, and financial concepts.  Finance majors can emphasize the study of markets or the study of finanical management practices.

Admission to the Program 

Freshmen:  19 composite ACT or 890 combined SAT or top 50% class rank.
Transfer:  Cumulative 2.0 GPA (on a 4.0 scale) from all colleges and/or universities attended and be in good academic standing.
 

Degree Requirements 

To major in Finance, as freshmen and sophomores, students must first meet the admissions requirements of the College of Business and Management.  Once admitted to the college, finance majors must take 36 credit hours of core courses, 15 credit hours of required courses in the areas of financial management, investment, financial institutions and markets, international financial management, intermediate financial management, and business policy, and nine credit hours chosen from a variety of finance electives.

Bachelor Degree Requirements

A minimum of 120 semester hours must be earned by every undergraduate student to be eligible to graduate from Northeastern.

Additional Requirements

1.  General Education Program:  All undergraduate students must complete the General Education Program requirements consisting of 39 semester hours in the following distribution areas:
Social/Behaviour Sciences (12 hours)
Natural Sciences (9 hours)
Mathematics (3 hours; grade of "C" or higher at college level)
Humanities (9 hours)
Fine Arts (6 hours)
2.  University Requirements:  English Composition I (grade of "C" or higher) and one Improving Human Relations course (consult the schedule of classes or catalog for listing of courses).
3.  Residency:  The last 30 consecutive credit hours must be taken at Northeastern, unless permission is received from the Office of Enrollment Services.
4.  Upper Division:  Students must complete a minimum of 24 semester hours at the 300 level and 18 semester hours at the 200 or 300 level.
5.  Academic Major and Minor:  Undergradute students must complete a major.  Some majors require a minor or set of cognate courses.  Students must earn a grade of "C" or higher in all courses counted toward the major, the minor, cognate and profressional sequences.  No "P" grades will count toward a major, moinior or approved area of study.  All grade point average requirements must be met for successful completeion of a program of study.
6.  Grade Point Average:  To be eligible to graduate, a student must have a minimum cumulative 2.0 GPA (overall "C" average).  Some academic programs and departments have other specific grade requirements.  Check with your academic advisor.

Requirements are subject to change so please refer to the current catalog for up-to-date information.
 

Courses 

Core Courses

ABF-ACTG 201        Introduction to Financial Accounting.........3 cr.
ABF-ACTG 202        Introduction to Managerial Accounting......3 cr.
ABF-BLAW 285        The Legal Environment of Business..........3 cr.
ABF 350                    Management Information Systems............3 cr.
ABF-FINA 360          Principles of Financial Management I........3 cr.
MKTG 350                Principles of Marketing..............................3 cr.
MNGT 370                Principles of Management.........................3 cr.
MNGT 377                Production/Operations Management.........3 cr.
MNGT 379                Operations Research.................................3 cr.
ECON 215                 Principles of Macroeconomics..................3 cr.
ECON 217                 Principles of Microeconomics...................3 cr.
MNGT 368                 Business Statistics...................................3 cr.
                                                        TOTAL .............................36 cr.

Required Courses

ABF-FINA 362         Investment................................................3 cr.
ABF-FINA 366         Financial Institutions and Markets............3 cr.
ABF-FINA 371         International Financial Management........3 cr.
ABF-FINA 373         Intermediate Financial Management........3 cr.
MNGT 393               Strategic Management.............................3 cr.
                                                       TOTAL..............................15 cr.

Elective Courses

Three Additional Finance Electives chosen from among the following:

ABF-FINA363          Security Analysis.........................................3 cr.
ABF-FINA 364         Problems in Business Finance....................3 cr.
ABF-FINA 367         Short-Term Financial Management.............3 cr.
ABF-FINA 368         Financial Management of Financial
                                   Institutions.................................................3 cr.
ABF-FINA 369         Speculative Markets....................................3 cr.
ABF-FINA 370         Option Pricing: Theory and Strategy
                                  Applications..............................................3 cr.
ABF-FINA 372         Portfolio Management................................3 cr.
ABF-FINA 374         Future Trading Strategy.............................3 cr.
ABF-FINA 375         Debt Markets and Portfolio Strategy..........3 cr.
ABF-FINA 377         Real Estate Finance...................................3 cr.
ABF-FINA 378         Introduction to Risk Management and
                                   Insurance...................................................3 cr.
ABF-ACTG 310        Federal Income Taxes (Individual).............3 cr.
ABF-ACTG 311        Federal Income Taxes (Corporate).............3 cr.                              
                                                 TOTAL .......................................9 cr.

Opportunities 

Student Organizations

The Finance Club helps to familiarize students with the intricacies of the futures/options markets.  Students are exposed to state-of-the-art software packages designed to hone their traading skills.  In addition, Northeastern's chapter of the Financial Management Association will expose students to events occurring in the Financial Management profession.
 
The business student clubs organize international business conferences, focusing on a different region annually.

 

One Book Per Semester Program

In the College of Business and Management (COBM), students have the opportunity to participate in One Book per Semester for COBM Students and Faculty, a unique program through which the participating students and faculty in the college engage in reading and discussing a current and common business and management best seller book throughout the semester.
 

Careers & Employment 

The financial services filed has exploded with new kinds of products and services, creating a need for individuals to understand new finanical and investment instruments and services; and to mange the entities which provide them.  Banking, stock brokerage, commodities/futures/options traiding, and financial plannning and analysis are traditional areas where finance majors find employment.  Frequently, finance majors are sought for entry level positions in the allied fields of real estate and insurance.
 

Program Contact Information 

Financial Aid

For Financial Aid Information, call (773_ 442-5160 or visit the web at http://www.neiu.edu/FinAid.htm.  Clock on Financial Aid & Scholarships. 
 
Northeastern's Federal School code is 001693.
 
For Foundation Scholarship information, contact Michelle Morrow at scholarships@neiu.edu or visit the web at http://www.neiu.edu.   Go to the Prospective Student tab and click on Financial Aid & Scholarships.

Admissions Counseling

Meet an Admission Counselor in the Admissions Counseling Office.  Prospective students are seen on a walk-in basis.  Admissions Counselors are availble:
 
Monday thru Thursday
9:00am to 6:30pm
 
Fridays
9:00 am to 4:00 pm
 
Admissions office:  (773) 442+4050
 
For further information, please call (773) 442-6111.

Business and Management