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Undergraduate Catalog 2016-2017

FINANCE (BMGT)

The Robert H. Smith School of Business
1570 Van Munching Hall, 301-405-2286
www.rhsmith.umd.edu/undergrad
undergradinfo@rhsmith.umd.edu
Chair: V. Maksimovic
Professors: G. Bakshi, S. Heston, A. Kyle, D. Madan, V. Maksimovic, L. Senbet, A. Triantis, H. Unal, R. Wermers
Associate Professors: M. Faulkender, M. Loewenstein, R. Mathews, N. Prabhala
Assistant Professors: M. Bustamante (Asst Prof), J. Cujean (Asst Prof), L. Fresard, W. Mullins (Asst Prof), A. Rossi (Asst Prof), Y. Wang, L. Yang (Asst Prof)
Lecturers: K. Hallows, D. Kass, E. Kiss, S. Kroncke, J. Pavlovsky (Lecturer), C. Rossi (Lecturer), M. Taranto, S. Wallenstein (Lecturer), S. White
Adjunct Professors: C. Baiju (Lecturer), K. Brodkowitz (Lecturer), J. Campbell (Lecturer), M. Canzater (Lecturer), J. Colantuoni (Lecturer), D. Donovan (Lecturer), M. Grovic (Lecturer), U. Hewer (Lecturer, Adjunct Prof), B. Jain (Lecturer), C. Krosinsky (Lecturer), M. Lee (Lecturer), D. Malmquist (Adjunct Prof), J. Perfetti, J. Rinaldi (Lecturer), A. Sherman, K. Snow (Lecturer), G. Thoumi (Lecturer)
Professors Emeriti: J. Haslem (Prof Emeritus)
Visiting Faculty: X. Gao (Visit Asst Prof), M. Padhi (Visit Asst Prof)

The Major

Finance encompasses:

1. Corporate finance:  The financial management of corporations
2. Investments:  The management of securities and portfolios
3. Financial institutions and markets:  The management of financial institutions and the study of their role in the economy

The Finance curriculum is designed to familiarize the student with the institutions, theory, and practice involved in the allocation of financial resources within the private sector.  It provides an educational foundation for careers involving corporate financial analysis and management, investment analysis and portfolio management, investment banking, risk management, commercial banking, and international finance; it also provides a foundation for graduate study in business administration, economics, and law.

Admission to the Major

See Robert H. Smith School of Business entry in chapter 6 for admission requirements.

Requirements for the Major

BMGT343    Investments 3
BMGT440    Advanced Financial Management 3

Four of the following courses:    12 credits
BMGT342    Wall Street Finance            
BMGT441    Fixed Income     
BMGT442    Advanced Portfolio Management    
BMGT443    Applied Equity Analysis and Portfolio Management    
BMGT444    Futures and Options Contracts    
BMGT445    Banking and Financial Institutions    
BMGT446    International Finance     
BMGT447    Computational Finance    

1 of ECON 305/ECON 325 Intermediate Macroeconomic Theory & Policy or ECON306/ECON 326 Intermediate Microeconomic Theory

In addition, students can apply a maximum of one course (3cr) toward this requirement from:
BMGT349    Investment Fund Management: Lemma Senbet Fund
BMGT448    Special Topics in Finance    
BMGT449    Investment Fund Management    

One of the following courses:    3 credits
BMGT310    Intermediate Accounting I    
BMGT313    Financial Statement Analysis    
BMGT332    Operations Research For Management Decisions    
BMGT430    Linear Statistical Models in Business    
BMGT434    Introduction to Optimization    

Total Finance Major Requirements 18 credits

Upper Level Economics Requirements for the Finance major
ECON330 Money and Banking OR BMGT341 Financial Markets  3 credits

Advising

General advising for students admitted to the Smith School of Business is available Monday through Friday in the Office of Undergraduate Programs, 1570 Van Munching Hall, 301-405-2286, undergradinfo@rhsmith.umd.edu .  It is recommended that students visit this office each semester to ensure that they are informed about current requirements and procedures.  Transfer students entering the university can be advised during spring, summer, and fall transfer orientation programs.  Contact the Orientation Office for further information, 301-314-8217.

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