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Finance Certification Tracks

TRACK CERTIFICATION

All students completing one of the specialized tracks at UMSL discussed below will receive a Certificate of Completion for that track. This document will be in addition to any degree the student may receive and is intended to provide additional evidence of attaining a specific body of knowledge. To receive the certificate, students must fill out an application for certification in their last semester. The application can be obtained from the Undergraduate Advisors in the College of Business Administration, 107 Anheuser Busch Hall.



CORPORATE FINANCE TRACK

The Corporate Finance Track trains students to make business financial decisions to maximize the value of the firm.  In addition to raising and investing capital, managers must deal with a number of stakeholders including stockholders, lenders, customers, and regulators.  While the major focus is on the financial problems of large corporations, many of the analytical tools and techniques also apply to small business enterprises.  Students completing FINANCE 3502, Treasury Management, are eligible under a special agreement with the Association for Financial Professionals to sit for the Certified Treasury Professional (CTP) exam.  After completion of two years of work experience, the CTP designation qualifies students to work in the Treasury Departments of leading companies or service providers like banks.  Students must complete five courses from the list below:

 

ACCTNG 3401:       Financial Accounting & Reporting 1

ACCTNG 3402:       Financial Accounting & Reporting 2

FINANCE 3501:      Financial Policies

FINANCE 3503:      Computer Applications in Finance

FINANCE 3520:      Investments

FINANCE 3521:      Financial Engineering— Applying Derivatives

FINANCE 3523:      Fixed Income Analysis

FINANCE 3524:      Advanced Investment Management

FINANCE 3540:      Introduction to Financial Institutions and Financial Markets

FINANCE 3580:      International Corporate Finance

FINANCE 3586:      Essentials of Fintech

FINANCE 3588:      Blockchain in Business

FINANCIAL INSTITUTIONS AND SERVICES TRACK

Financial institutions design and deliver financial services to businesses, government, and individuals.  It is also one of the fastest growing segments of the economy.  This track is intended for students with a desire to work in a bank, insurance company, real estate firm, or other service provider.  Beginning career opportunities include becoming a loan officer, securities broker, mortgage broker, or property manager.  Additionally, the Principles of Real Estate course (FINANCE 3542) provides students with the educational foundation to sit for the Missouri Real Estate Salesperson’s Exam to become licensed to sell residential property under the direction of a broker.  Students must complete five courses from the list below:

 

FINANCE 3503:       Computer Applications in Finance

FINANCE 3520:       Investments

FINANCE 3540:       Introduction to Financial Institutions and Financial Markets

FINANCE 3541:       Commercial Bank Management

FINANCE 3542:       Principles of Real Estate

FINANCE 3545:       Venture Capital and Private Equity

FINANCE 3560:       Practice of Personal Financial Planning

FINANCE 3561:       Principles of Insurance

FINANCE 3586:       Essentials of Fintech

FINANCE 3588:       Blockchain in Business

INVESTMENT AND PORTFOLIO MANAGEMENT TRACK

There are billions of dollars flowing into retirement plans and mutual funds each year.  These monies are invested in securities markets around the world to provide the owners with the best returns available for a given level of risk.  Professional portfolio managers have the responsibility of meeting investor goals while subject to rapidly changing market conditions.  This path of study is intended to prepare students for a challenging career in money management.  Students must complete five courses from the list below:

 

ACCTNG 3401:       Financial Accounting & Reporting 1

ACCTNG 3402:       Financial Accounting & Reporting 2

FINANCE 3503:      Computer Applications in Finance

FINANCE 3520:      Investments

FINANCE 3521:      Financial Engineering— Applying Derivatives

FINANCE 3523:      Fixed Income Analysis

FINANCE 3524:      Advanced Investment Management

FINANCE 3525:      Practicum in Investments

FINANCE 3540:      Introduction to Financial Institutions and Financial Markets

FINANCE 3582:      International Investments

FINANCE 3586:      Essentials of Fintech

FINANCE 3588:      Blockchain in Business

FINANCIAL PLANNING TRACK

The Financial Planning Track is designed to prepare students to counsel individuals on personal financial matters that impact the family.  This curriculum is a registered program with the Certified Financial Planner Board of Standards Inc., enabling students who successfully complete it to sit for their certification examination.  UMSL does not award the CFP® and CERTIFIED FINANCIAL PLANNER® designation.  The right to use the marks CFP and Certified Financial Planner is granted by the CFP Board to those persons who have met its rigorous educational standards, passed the CFP certification examination, satisfied a work experience requirement, and agreed to the CFP Board Code of Ethics and Professional Responsibility.  Only persons registered with the CFP Board are permitted to sit for the CFP® certification examination.  CFP certificates and licenses are issued only by the CFP Board.  Students must complete the following courses:

ACCTNG 3441:         Income Taxes

FINANCE 3520:       Investments

FINANCE 3560:       Practice of Personal Fin Planning

FINANCE 3561:       Principles of Insurance

FINANCE 3563:       Retirement Planning and Employee Benefits

FINANCE 3564:       Estate Planning and Trusts

FINANCE 3565:       Seminar in Financial Planning

 


Financial Services Industry in St. Louis from STLChamber on Vimeo.

INSURANCE TRACK

This track is intended for the development of professionals for all aspects of the insurance industry.  Insurance plays a special role in risk management for individuals and businesses.  Areas emphasized include life and property/casualty risk exposures and the administration of pension and employee benefit plans.  Students are prepared for careers as analytical staff members of major insurance companies, consultants, insurance agents or brokers, employee benefit specialists, and risk managers.  The program is a cooperative partnership with the insurance industry.  In addition to preparing a student for a career in the insurance profession, the courses are designed to prepare the student for the prestigious professional certification programs within the insurance industry such as the widely recognized Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC), Chartered Property and Casualty Underwriter (CPCU), Certified Employee Benefit Specialist (CEBS) and others.  Up to three equivalent courses taken within five years may be transferred to The American College in Bryn Mawr, Pennsylvania, which grants the CLU and ChFC designations, toward those professional certifications without further examination provided the courses are passed with a C grade or higher.  Transfer of these courses to the American College for certification does not require any additional tuition but only a one-time registration fee.  Both the CLU and ChFC require the passing of additional courses through the American College.  Students must complete five courses from the following list:

 

ACCTNG 3441:         Income Taxes

FINANCE 3503:       Computer Apps in Finance

FINANCE 3520:       Investments

FINANCE 3560:       Practice of Personal Financial Planning

FINANCE 3561:       Principles of Insurance

FINANCE 3562:       Life Insurance and Employee Benefits

FINANCE 3563:       Retirement Planning and Employee Benefits

FINANCE 3564:       Estate Planning and Trusts

As a rapidly evolving field, Fintech (financial technology) revisits financial disciplines including corporate finance, financial markets, financial institutions, investments, real estate and derivatives using a common thread of technology. This track introduces students to the major areas of Fintech, including Blockchain, Cryptocurrencies, FinTech Credit, Big Data, Machine Learning, Neural Network, Robo Advisers, and Algorithmic Trading. It provides students with the foundation for the interaction of finance, technology, and regulation in the financial industry. Students must complete the first two required courses and three additional courses in the list below.

 

FINANCE 3586       Essentials of Fintech*

FINANCE 3568       Application of Blockchain in Financial Services Industry*

FINANCE 3503       Computer Applications in Finance

FINANCE 3520       Investments

FINANCE 3521       Financial Engineering: Applying Derivatives

FINANCE 3524       Advanced Investment Management

IS 3842                  Data Networks and Security

IS 3848                  Introduction to Information Security

*required