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Nov 21, 2024
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2024-2025 Undergraduate Catalog
Finance Major, BS in Business Administration - International Business Concentration
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The Finance major offers students a skill set applicable to a broad range of careers across industries that are relevant to public and private businesses, non-for-profits, and government entities alike. General areas of study are how decision-makers evaluate, fund, and manage projects within an enterprise and how financial market participants process information to price risky assets such as stocks or bonds. Finance majors develop analytical skills useful in examining financial statements and evaluating the financial health of companies, assessing dimensions of business problems, evaluating financial implications of corporate and individual actions, and constructing investment portfolios. Finance majors develop the ability to utilize spreadsheets to process and present financial data. In addition, they may gain specialized training in real estate and Bloomberg, which is considered by finance professionals to be the gold standard for accessing current market, economic, and financial information.
Popular careers include Financial Manager, Financial Analyst, Financial Advisor, Portfolio Manager, Financial Risk Management Actuary, Management Analyst (Consultant), Loan Officer, Budget Analyst, Investor Relations Associate, Credit Analyst, Commercial Real Estate Agent and Securities, Commodities, and Financial Services Sales Agents. Many of these are included in the top 20 best business jobs according to U.S. News and World Report’s Best Jobs Rankings for 2017 (http://money.usnews.com/careers/best-jobs/rankings/best-business-jobs), and their job outlook is forecast to be better than the average for all occupations according to the U.S. Department of Labor’s Bureau of Labor Statistics Occupational Outlook Handbook (www.bls.gov/ooh/business-and-financial/home.htm).
Finance majors have flexibility to customize their studies through a broad array of electives, student organizations, experiential learning, and collaterals best suited to a particular career path. The department has course listings in investments, financial statement analysis, financial management, financial institutions, international finance, fixed income, real estate, risk and insurance, derivatives, and Bloomberg software training. The Finance department is certified as a Chartered Financial Analyst (CFA) Recognized University. As such, students pursuing a major in Finance gain valuable exposure to many topical areas required in sitting for the CFA designation, which is regarded as the key designation for investment professionals worldwide. Sponsorships are available to help cover costs for students sitting for the CFA exams. The Finance department also offers cutting edge resources through the Masters Investment Learning Center. In addition to specialized Bloomberg training, Finance majors gain real-world experiences in value investing or wealth management managing actual portfolios (via FINC 495 ). Finance majors may also enrich their experience through internships and participation in the CFA Global Investment Research Challenge, the Tennessee Capital Markets Society, the Financial Management Association, the Real Estate Club, and the UT Investment Group.
Students who major in Finance need quantitative skills, problem solving skills, and communication skills.
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uTrack Requirements
Universal Tracking (uTrack) is an academic monitoring system designed to help students stay on track for timely graduation. In order to remain on track, students must complete the minimum requirements for each tracking semester, known as milestones. Milestones include successful completion of specified courses and/or attainment of a minimum GPA. uTrack requirements only affect full-time, degree-seeking students.
Term 6
- 5 Unrestricted Electives 5 Credit Hours
- 7 International Business coursework 3 Credit Hours
Term 7
- 7 International Business coursework 3 Credit Hours
- 5 Unrestricted Elective 3 Credit Hours
Term 8
- 5 Unrestricted Elective 2 Credit Hours
- 6 Finance Elective 3 Credit Hours
- 6 Finance Elective 3 Credit Hours
- 7 International Business coursework 6 Credit Hours
Total Credit Hours 120-124
Footnotes
- Must be completed by the end of the First Year.
- Chosen from the Volunteer Core list.
- Students who have already completed MATH 132 * with a C or better may substitute that for MATH 141 *.
- Students admitted to Smith Global Leadership Scholars will complete the honors versions of these courses – ACCT 208 , BUAD 337 , BUAD 338 , BUAD 457 *, ECON 218 *, FINC 308 , STAT 207 *.
- Any courses not already required for the major. Students admitted to Smith Global Leadership Scholars will fulfill 10 hours of electives with the following courses – BUAD 217 , BUAD 317 *, BUAD 417 , BUAD 427 , and BUAD 497 .
- Finance electives chosen from FINC 311 , FINC 381 FINC 402 , FINC 435 , FINC 440 , FINC 445 , FINC 460 , FINC 475 , FINC 481 , FINC 482 , FINC 493 , FINC 494 , FINC 495 , FINC 496 ; IB 449 .
- Twelve hours chosen from IB 407 , IB 409 , IB 429 , IB 439 , IB 449 , IB 492 , IB 499 ; BUAD 400 * or MGT 472 ; and IB 489 .
- Students admitted to Smith Global Leadership Scholars will not take these courses due to content being covered elsewhere in their curriculum.
- First-semester freshmen should take BUAD 100 ; transfer students should take BUAD 210 .
- At least three hours from courses among the Volunteer Core Applied Arts and Humanities (AAH) , Arts and Humanities (AH) , Global Citizenship - International (GCI) , Global Citizenship - United States (GCUS) , or Social Sciences (SS) lists.
* Meets Volunteer Core Requirements .
Finance Major - Five-Year BSBA/MA in Economics Program
The Department of Economics and Department of Finance offer an accelerated 5-year Bachelor’s/MA program for qualified students. With prior approval, students may take up to 9 credit hours of 400-level or 500-level courses that satisfy their senior undergraduate electives and have them count toward both their bachelor’s and master’s degrees at UT-Knoxville. Students first obtain a BA degree in Economics through the College of Arts and Sciences, a BSBA in Economics through the Haslam College of Business, or a BSBA in Finance through the Haslam College of Business. Then, with an additional two semesters of coursework, students complete an MA in Economics. Students are typically considered for conditional admission to the accelerated program prior to their last year of undergraduate studies.
Important guidelines and admissions requirements are as follows:
- Applicants must have declared an economics major in either the College of Arts and Sciences or the Haslam College of Business, or a finance major in the Haslam College of Business.
- Students first apply to their undergraduate department for conditional admission to the accelerated combined program after completing a minimum of 64 credit hours of required coursework towards the undergraduate major. Students are strongly encouraged to have taken one year of calculus, ECON 311 , ECON 313 , and ECON 381 prior to applying.
- Students must at least have conditional admission before taking courses that will count for both their bachelor’s and master’s degrees. These courses must be approved by their undergraduate department and the Graduate School. Students must request permission from the Graduate School to take approved courses for graduate credit by submitting the Senior Requesting Graduate Credit form. This form must be completed and submitted to the Graduate School before each semester in which the undergraduate student enrolls in courses for graduate credit.
- Students must follow the normal procedure for admission to the master’s program by submitting the online admission application to the Graduate School during their last year of undergraduate studies. Students will be fully admitted to the MA program after they have been accepted by both the Graduate School and the Department of Economics.
- Students will not be eligible for graduate assistantships until they are enrolled as graduate-level students in the Graduate School.
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