Finance
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Highlights
Subject Areas
Managerial finance, securities and investment analysis, portfolio management, international finance, the dynamics of financial institutions
Internships
Opportunities at Deutsche Bank Alex. Brown, Legg Mason, Black & Decker, Westinghouse, AT&T and area banks
Financial Research Project
Individual research project under faculty supervision
Program Description
The finance major focuses on a vital area of American business. Loyola’s finance department's pragmatic approach stresses application of financial tools and anaylsis. Current trends and ethical dimensions of the world of high finance make the liberal arts background that Loyola offers an essential part of any strong finance education. These issues are part of a student’s growth and are integrated into the finance program in classroom work and in long-term projects.
Curriculum
As with all majors in the business school, finance education begins with a look at the widest of possible market situations and concepts in the two semester economics course. Macro- and microeconomics are introduced and investigated with emphasis on concepts and market mechanisms. In the sophomore year, students are introduced to the more defined world of accounting and statistical approaches to the business world. The two semester accounting sequence covers the accounting cycle, the recording of transactions, the composition of financial statements and an introduction to the concepts of managerial accounting.
In the junior and senior years, students continue with the balance of the Required Business Core, which includes the introductory finance course, Financial Management. This course introduces the finance major to concepts such as risk and return, capital structure, capital budgeting, cost of capital, securities and other topics. The remainder of the finance curriculum consists of six upper-level finance courses. In these, attention is devoted to such topics as managerial finance, securities and investment analysis, portfolio management, international finance, the dynamics of financial institutions and financial management for both profit and nonprofit firms. Classwork in finance uses both the lecture method and the case method and stresses computer and quantitative skills, which are an integral part of modern finance theory and practice. The Financial Research Projects course allows students to do advanced research on an individual basis under the supervision of a faculty member.
Internships
Loyola’s finance majors have taken advantage of internship opportunities at such important Baltimore area businesses as Deutsche Bank Alex. Brown, Legg Mason, Black & Decker, Westinghouse, AT&T, T. Rowe Price, and area banks. The internship is typically undertaken during the first semester of the senior year as a finance elective.
Placement
Loyola’s finance majors are qualified for a wide range of positions in business and industry. Many graduates set their goals toward employment in a financial institution such as a bank, a savings and loan company or an investment bank. Others see performance in the finance function as a viable path up the corporate or government management ladder. A finance major is also prepared for admission into graduate schools of business administration and law programs.
Graduates from the Loyola Finance Department have gained full-time employment with organizations such as:
- Deutsche Banc Alex. Brown
- Black & Decker
- Bank of America
- BlueCross BlueShield
- C.W. Amos & Company
- CIGNA
- Legg Mason
- Federal Deposit Insurance Corporation
- Goldman Sachs
- John Hancock Financial Services
- JPMorgan
- KPMG Peat Marwick
- MBNA America
- Merrill Lynch
- Motorola Corporation
- Nationwide Insurance
- Nestlé U.S.A.
- Panasonic
- PricewaterhouseCoopers LLP
- Prudential Insurance
- Sanwa Bank
- Solomon Smith Barney
- State Farm Insurance
- T. Rowe Price
Other Activities
Student organizations of interest to finance majors include Beta Gamma Sigma (Business Honor Society), the Financial Management Association, the Financial Management Association Honor Society and the Chartered Financial Analyst (CFA) Mentorship Program.
Faculty
- John S. Cotner
- Professor
- B.S.B.A., Southeast Missouri State
- M.S.B.A., University of Denver
- Ph.D., St. Louis University
Frank P. D'Souza
Assistant Professor
B.S., University of Bombay
M.B.A., St. Cloud State University
Ph.D. (candidate), Oklahoma State University
- Lisa M. Fairchild
- Department Chair, Professor
- B.B.A., East Tennessee State University
- Ph.D., University of South Carolina
- Harold D. Fletcher
- Professor
- B.S., Western Kentucky University
- M.A., University of Kentucky
- Ph.D., University of Illinois
- Octavian Ionici
- Assistant Professor
- B.S., M.S., University of Reading (U.K.)
- M.A., American University
- Ph.D., Academy of Economic Studies (Romania)
Michael J. Lee
B.A., Brown University
M.B.A., New York University
C.F.A.
R. Chris Meng
B.A., Marietta College
M.B.A., Ohio State University
C.F.A.
- Walter J. Reinhart
- Professor
- B.S., M.B.A., Oklahoma State University
- Ph.D., University of North Carolina (Chapel Hill)
- Yoon S. Shin
- Assistant Professor
- B.B.A., Kookmin University
- M.S., Texas A & M University
- Ph.D., University of South Carolina
- Thomas A. Ulrich
- Professor
- A.B., Franklin and Marshall College
- M.S., University of Delaware
- Ph.D., Michigan State University
- C.M.A.; C.F.A.
Course Sequence
3rd year
Fixed Income Securities
Equity Securities
Required business courses (5)
Core courses (2)
General electives
4th year
Financial Analysis and Valuation
Advanced Financial Management
Finance electives (2)
Required business courses (2)
Core course
General electives (3)
Finance electives include:
Derivative Securities and Markets
Financial Institutions and the Financial Services Environment
Financial Research Projects
Global Financial Management
Insurance and Risk Management
Portfolio Management
Special Topics in Finance