FinanceInternational Business | Logistics & Operations Management |
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Finance as a Discipline
Finance is a multi-disciplinary field that combines various concepts from management, economics and accounting with financial techniques to make sound business decisions and solve problems.  There are many business situations in both large and small companies that require knowledge of the latest financial practices and tools.  Generally, these applications involve investing (using funds) or financing (raising funds).  As a result, the field is comprised of a number of areas including corporate finance, investments, financial institutions and services--banking, insurance, real estate and personal financial planning.

General Finance Emphasis
Track Certification
Corporate Finance Track
Financial Institutions and Services Track
Investment and Portfolio Management Track
Financial Planning Track
Insurance Track

Over the last two decades, the field of finance has become increasingly technical and specialized.  Employers recruiting for financial positions not only require candidates to have an undergraduate or graduate degree in finance, but also want new employees to exhibit skills and experience beyond those typically found in a traditional academic environment.  As a result, professional licensing or certification has become a widely recognized means of demonstrating core competency.  Consequently, the finance program at UMSL carefully integrates finance tracks into the curriculum to enable students to complete their academic degrees while at the same time providing the in-depth knowledge necessary for taking professional certification exams.  Our program is designed to accelerate professional development and provide students with superior credentials to qualify them for skilled positions in a highly competitive job market.  Details for each of the tracks are discussed below.


General Finance Emphasis

1. Required Core Course:

FINANCE 3500 Financial Management

2. All students must complete 6 courses (18 hours) from the following:

FINANCE 3501 Financial Policies
FINANCE 3502 Treasury Management
FINANCE 3503 Computer Applications in Finance 
FINANCE 3520 Investments
FINANCE 3521 Financial Engineering: Applying Derivatives
FINANCE 3523 Fixed Income Analysis
FINANCE 3525 Practicum in Investments (1 hour)*
FINANCE 3540 Intro to Financial Institutions and Financial Markets
FINANCE 3541 Commercial Bank Management
FINANCE 3542 Principles of Real Estate
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 Trust
FINANCE 3580 / INTL BUS 3580 International Corporate Finance
FINANCE 3582 / INTL BUS 3582 International Investments
FINANCE 3590 Internship in Finance
FINANCE 3599 Independent Study in Finance


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, 487 Social Science Building, or from the Finance Secretary in 1107 Tower.


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 and Reporting I
ACCTNG 3402 Financial Accounting and Reporting II
FINANCE 3501 Financial Policies
FINANCE 3502 Treasury Management
FINANCE 3503 Computer Applications in Finance
FINANCE 3520 Investments
FINANCE 3521 Financial Risk Management
FINANCE 3523 Fixed Income Analysis
FINANCE 3540 Financial Serivces/Industry & Instruments 
FINANCE 3580 International Finance

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 Financial Services Industry and Services
FINANCE 3541 Commercial Bank Management
FINANCE 3542 Principles of Real Estate
FINANCE 3560 Practice of Personal Financial Planning
FINANCE 3561 Principles of Insurance


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 and Reporting I
ACCTNG 3402 Financial Accounting and Reporting II
FINANCE 3503 Computer Applications in Finance
FINANCE 3520 Investments
FINANCE 3521 Financial Risk Management
FINANCE 3525 Practicum in Investments
FINANCE 3540 Financial Services Industry and Services
FINANCE 3582 International Investments
FINANCE 3598 Seminar in Finance: CFA Review


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 PLANNERÔ 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 Financial 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


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
FINANCE 3563 Retirement Planning and Employee Benefits
FINANCE 3564 Estate Planning and Trust


International Business
National markets are becoming increasingly integrated. The study of international business focuses on understanding the forces behind this globalization of markets and production.

In addition to all College of Business Administration and campus degree requirements, an emphasis in International Business requires completion of 12 credit hours of international business coursework (see 1 & 2, below) and completion of 13 credit hours of a foreign language of international commerce. (A list of international foreign languages of commerce is available from the College of Business Administration Office of Undergraduate Academic Advising). An international experience is also required for all persons in the program.  

Two from:

INTL BUS/FINANCE 3580 International Corporate Finance
INTL BUS 3680 International Management
INTL BUS/MKTG 3780 International Marketing

Two additional courses from:

INTL BUS 3280 The Law of International Business Transactions
INTL BUS 3281 Business in China
INTL BUS 3282 Managing the Global Workforce
INTL BUS 3283 International Business and Society
INTL BUS 3284 The Japanese Management System
INTL BUS 3289 Practicum in International Business
INTL BUS 3290 Internship in International Business
INTL BUS 3299 Independent Study in International Business
INTL BUS/FINANCE 3580 International Corporate Finance
INTL BUS/FINANCE 3582 International Investments
INTL BUS/MGMT 3680 International Management
INTL BUS/MKTG 3780 International Marketing
INTL BUS/MKTG 3787 Marketing in the European Union
INTL BUS 4281 Entrepreneurship in the Global Environment
INTL BUS 4289 International Strategic Management
INTL BUS/LOG OM 4381 International Logistics & Operations


MGMT 3685 Role of the Global Corporation    

Foreign language proficiency equivalent to intermediate level in one approved foreign language of international commerce must be demonstrated.  

INTL BUS 4280 International Business Experience required. 

Complete one:

  1. *Study abroad for three or more credit hours.
  2. Complete an international internship approved by the International Business Institute (maximum of 3 credit hours).
  3. Complete a minimum of one year international experience within 5 years of entering the program in any of the following areas:  Peace Corps, volunteer work with an organization, missionary work, an international posting by a company or government agency and/or other approved, significant international experience.   Documentation is required for approval. 

*International students in the INTL BUS Emphasis will meet their International Experience requirement through their study in the United States.

See the International Business website for additional information.

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Logistics & Operations Management
The mission of Logistics and Operations Management is to get the appropriate goods or services to the right place, at the right time, in the right quality and quantity, while making the greatest contribution to the organization. In a business environment, Logistics and Operations Management encompasses the design, implementation and management of systems for efficient deployment of personnel, physical facilities, raw-materials, in-process inventories, finished goods and related information or services. Logistics and Operations Management covers the whole supply chain, from the point of origin to the point of consumption. Logistics and Operations Management analysts must be proficient in the use of quantitative models and computers, and communicate effectively.

1.  Required Core Courses:
LOG OM 3300 Business Statistics
LOG OM 3320 Intro to Operations Management

2.  A student must complete at least 4 courses (12 hrs) from 
       the following:
*INFSYS 3806 Managerial Appl. of Object-Oriented Prog.   
INFSYS 3843 Decision Support Systems
*INFSYS 3844 Developing Business Applications in .NET 
LOG OM 4312 Business Forecasting
LOG OM 4314 Multivariate Analysis
LOG OM 4321 Production and Operations Management
LOG OM 4322 Lean Prod. in Manufacturing & Service Oper.
LOG OM 4324 Service Operations Management
LOG OM 4326 Quality Assurance in Business
LOG OM 4330 Business Logistics Systems 
LOG OM 4350 Management Science Methods
LOG OM 4354 Operations Research II
LOG OM 4381 International Logistics and Operations Management.

* Only one of these programming courses may be used towards the emphasis area.

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The study of management and organizational behavior focuses on the behavior of individuals and groups in an organizational setting. The business environment today demands graduates with skills who can effectively make decisions involving working with and leading people.

The management and organizational behavior emphasis stresses the qualitative approaches to business. The major areas of focus are: the theory and functions of management; the management of human resources; the development of strategic policies in an organization; organizational design and conflict resolution; entrepreneurship; and international management. In covering these topics, both classic and current perspectives are provided.

1. Required Core Course:
MGMT 3600 Management & Organizational Behavior

2. A student must complete 6 courses (18 hours) from the following: 

A) One Course 
MGMT 3611 Advanced Management & Organizational Behavior

B) Five from:
MGMT 3612 Professional Skills Development 
MGMT 3621 Human Resource Management 
MGMT 3622 Industrial & Labor Relations 
MGMT 3623 PSYCH 3318 Industrial & Organizational Psychology 
MGMT 3624 Employee Training & Development
MGMT 3625 Leadership in Organizations
MGMT 3680 International Management
*MGMT 3690 Internship In Management 
*MGMT 3699 Independent Study In Management
MGMT 4614 Entrepreneurship/Small Business Management 

* Only one of 3690 and 3699 can be taken for MGMT emphasis area credit.

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Marketing is an important part of any business or organization and can enhance growth, increase profits, and help achieve the organization's goals. Furthermore, marketing plays an important role in our society by enhancing our quality of life. Equally important, marketing offers varied and interesting career opportunities.

Marketing involves the activities needed to facilitate an exchange. This covers selling products, services or ideas to both consumers and business buyers. Many non-profit institutions are now enthusiastic users of marketing concepts; thus marketing majors find such untraditional areas as hospitals, churches, museums, universities and retirement homes often offer excellent entry level opportunities, in addition to such traditional firms as manufacturing and retailing concerns.

1.  Required Core Course:
MKTG 3700 Basic Marketing

2.  A student must complete at least 5 courses (15 hours) from the following:

A)  Four from:
MKTG 3710 Consumer Behavior                  
MKTG 3720 Management of Promotion
MKTG 3721 Internet Marketing
MKTG 3740 Marketing Research               
MKTG 3741 Quantitative Marketing Methods
MKTG 3750 Sales Management
MKTG 3760 Business to Business Marketing
MKTG 3770 Introduction to Transportation
MKTG 3771 Traffic and Transportation Management
MKTG 3780 International Marketing
MKTG 3790 Internship in Marketing
MKTG 3798 Topic: Aviation in American Life
MKTG 3798 Topic: Domestic Transportation
MKTG 3798 Topic: Economics of Transportation
MKTG 3798 Topic: Railroads in American Life
MKTG 3798 Topic: Seminar in International Marketing

B) One course:
MKTG 4700 Marketing Management (capstone)