The Finance Program

Finance is the art and science of managing money. By studying finance you can gain an understanding of how the capital markets and systems interact, and use that information to make sound financial decisions. The major in Finance provides students with strong finance fundamentals, but allows them to deepen their studies in one of four academic tracks (corporate finance, investment management, behavioral finance and computational finance).

What Can I Do With a Major in Finance?

Graduates will be well suited to begin careers at investment-specific firms or finance departments of any business. In addition, students may pursue continued education through master's or Ph.D. programs.

  • The McKenna School’s finance major is one of the few undergraduate programs in the United States with a curriculum that provides the advanced training necessary to pass the CFA Level I Exam and the CFP Certification Exam.
  • The McKenna School offers SAP Business One certification. SAP’s comprehensive business software suite is utilized by thousands of prominent world class companies such as Kennametal Inc., Heinz Corporation, KPMG, Latrobe Specialty Steel Co. and Siemens.
  • Examples of the jobs that our students can acquire include:
    Corporate & Institutional Banking Investment Manager
    Derivatives Analyst Lean Operations Facilitator
    Financial Analyst Operations Specialist
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Distinctive features of McKenna School’s Finance Major 

  • Students complete the CFA Level I curriculum.
  • CFP designated Business School.
  • Finance job placements are exceptional. For the Class of 2015, 11 out of 11 graduates were working in their field within six months of graduation. The Class of 2016 have 15 graduates out of 15 successfully placed.
  • Rankings: The McKenna business seniors score exceptionally well on the ETS national undergraduate business field test. Out of 563 accredited (i.e., ACBSP and AACSB) business schools, we ranked overall in the top 15% of the nation in 2016. In finance, the McKenna School finished the in the top 5.4% of the nation in 2014.
  • Students use Morningstar financial analysis software in finance classes.
  • Attributable to our ACBSP accreditation, students receive in depth knowledge in 12 business core competency areas: Accounting, Management, Business Ethics, Marketing, Information Systems, Business Finance, the Legal Environment of Business, Statistics, Business Policies, Economics, Quantitative Skills and Global Dimensions in Business.  
  • Students may join Women in Business, the Accounting Club, Pizza and Politics Club, the Finance Club, the OE Club, and Delta Mu Delta (the national Greek honor society for business majors). 

 

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Finance Major Requirements

The Business and College Core curriculum is required for all four tracks :

College Core (48 credits)
TH 119 First Theology (freshman year) - 3 credits
Theology (200 Level) - 3 credits
Theology (300 Level) - 3 credits
History (100 Level) - 3 credits
History (200 Level) - 3 credits
PL 101 1st Philosophy - 3 credits
Philosophy Elective (PL 215 Ethics suggested) - 3 credits
Natural Science 100 Level with lab - 4 credits
Natural Science 200 Level with lab - 4 credits
EL 102 Language and Rhetoric (freshman year) - 3 credits
English Elective (Literature Course) - 3 credits
English Elective - 3 credits
Fine Arts (100 Level) - 3 credits
Foreign Language Intermediate Level - 3 credits
Foreign Language Intermediate Level - 3 credits
First-Year Seminar (additional hour) - 1 credit

Business core (44 credits)
BA 100* Financial Accounting I (freshman year) - 3 credits
BA 170* Organizational Behavior (freshman year) - 3 credits
BA 220 Principles of Marketing (sophomore year) - 3 credits
BA 265 Management Information Systems (sophomore year) - 3 credits
BA 305 Business Ethics (junior year preferred) - 3 credits
BA 320 Corporate Finance I (sophomore year) - 3 credits
BA 340 Business Law (junior year) - 3 credits
BA 350 Statistics I and BA 350A Excel Lab (sophomore year) - 4 credits
BA 351 Statistics II and BA 351A Excel Lab - 4 credits
    or EC 360 Econometrics (sophomore year) - 3 credits
BA 495 Business Policy and Strategy (senior year) - 3 credits
EC 101 Principles of Microeconomics (freshman year) - 3 credits
EC 102 Principles of Macroeconomics (freshman year) - 3 credits
PS 100* Principles of American Politics - 3 credits
MA 109/111* Calculus I (freshman year) - 4 credits
BA 00P ePortfolio Requirement - 0 credit

 *Satisfies Core Curriculum requirements in Social Sciences and Mathematics. 

  • Finance Major Requirements: Corporate Finance Track  (27 credits)
    BA 101 Financial Accounting II (freshman year) - 3 credits
    BA 200 Intermediate Accounting I - 3 credits
    BA 321 Corporate Finance II - 3 credits
    BA 324 Advanced Personal Finance - 3 credits
    BA 325 Analysis of Financial Statements - 3 credits
    BA 353/EC 353 International Finance - 3 credits
    BA 362 Investments I: Securities - 3 credits
    BA 363 Investments II: Derivatives - 3 credits
    BA 385 Financial Institutions - 3 credits

  • Finance Major Requirements: Computational Finance Track with Math Minor (40 credits)

    BA 101 Financial Accounting II (freshman year) - 3 credits
    BA 353/EC 353 International Finance - 3 credits
    BA 362 Investments I: Securities - 3 credits
    BA 363 Investments II: Derivatives - 3 credits
    BA 385 Financial Institutions - 3 credits
    BA 488 Portfolio Theory - 3 credits
    BA 489 Valuations and Modeling - 3 credits
    MA 112 Calculus II (freshman year) - 4 credits
    MA 113 Calculus III - 4 credits
    MA 114 Ordinary and Partial Differential Equations - 4 credits
    MA 115 Linear Algebra - 3 credits
    MA 206 Real Analysis I - 4 credits

    Note: Students planning to seek a Ph.D. or Masters in Finance should strongly consider doing the computational finance trace, Real Analysis II, Econometrics, Intermediate Microeconomics, Advanced Microeconomics and Game Theory.

  • Finance Major Requirements: Investment Management Track (27 credits)

    BA 101 Financial Accounting II (freshman year)
    BA 324 Advanced Personal Finance - 3 credits
    BA 353/EC 353 International Finance - 3 credits
    BA 362 Investments I: Securities - 3 credits
    BA 363 Investments II: Derivatives - 3 credits
    BA 385 Financial Institutions - 3 credits
    BA 485 CFA Review Level I - 3 credits
    BA 488 Portfolio Theory - 3 credits
    BA 489 Valuations and Modeling - 3 credits

  • Finance Major Requirements: Behavioral Finance Track with Psychology Minor (39 credits)

    BA 101 Financial Accounting II (freshman year) - 3 credits
    BA 353/EC 353 International Finance - 3 credits
    BA 362 Investments I: Securities - 3 credits
    BA 363 Investments II: Derivatives - 3 credits
    BA 385 Financial Institutions - 3 credits
    BA 324 Advanced Personal Finance - 3 credits
    BA 488 Portfolio Theory - 3 credits
    PY 100 Introduction to Psychology - 3 credits
    PY 243 Abnormal Psychology - 3 credits
    PY 244 Theories of Personality - 3 credits
    PY 260 Social Psychology - 3 credits
    PY 308 Cognitive Psychology - 3 credits
    PY 309 Learning - 3 credits

Finance and Mathematics Major Requirements - B.S.

College Core (40 credits)     
TH 119  First Theology (freshman year) - 3 credits 
  Theology (200 Level) - 3 credits
  Theology (300 Level) - 3 credits
  History (100 Level) - 3 credits
  History (200 Level) - 3 credits
PL 101  1st Philosophy - 3 credits
  Philosophy Elective - 3 credits
EL 102  Language and Rhetoric (freshman year) - 3 credits
  English Elective (Literature Course)   3 
  English Elective - 3 credits 
  Fine Arts (100 Level) - 3 credits
  Foreign Language Intermediate Level - 3 credits
  Foreign Language Intermediate Level - 3 credits
  First-Year Seminar (additional hour) - 1 credit

Business Core (43 credits)
BA  100* Financial Accounting I (freshman year) - 3 credits
BA  170* Organizational Behavior (freshman year) - 3 credits
BA  220   Principles of Marketing (2nd semester freshman year) - 3 credits
BA  265  Management Information Systems (sophomore year) - 3 credits
BA  305   Business Ethics (junior year preferred) - 3 credits
BA  320   Corporate Finance I (sophomore year) - 3 credits
BA  340   Business Law (junior year) - 3 credits
BA  350   Statistics I (sophomore year) - 3 credits
BA 351  Statistics II  (sophomore year) or    
     EC 360 Econometrics (sophomore year) - 3 credits  
BA  495   Business Policy and Strategy (senior year) - 3 credits
EC  101   Principles of Microeconomics (freshmen year) - 3 credits
EC  102   Principles of Macroeconomics (freshmen year) - 3 credits
PS  100*   Principles of American Politics - 3 credits
MA 111 Calculus I (freshman year) - 4 credits
BA 00P ePortfolio Requirement (semester of graduation--pass/fail)    0

Finance -- Computational Finance Track (25 credits)    
MA 112 Calculus II (freshman year) - 4 credits
BA 101 Financial Accounting II (freshman year) - 3 credits
BA/EC 353 International Finance - 3 credits
BA 362 Investments I: Securities - 3 credits
BA 363 Investments II: Derivatives - 3 credits
BA 385 Financial Institutions - 3 credits
BA 488 Portfolio Theory - 3 credits
BA 489 Valuations and Modeling - 3 credits

Mathematics Requirements (32 credits)    
MA 113  Calculus III - 4 credits
MA 114  Ordinary & Partial Differential Equations - 4 credits
MA 115  Linear Algebra - 3 credits
MA 203  Complex Variables - 3 credits
MA 204  Topology - 3 credits
MA 206  Real Analysis I - 4 credits
PH 111*  General Physics I - 3 credits
PH 113*  General Physics I Lab - 1 credit
PH 112*  General Physics II - 3 credits
PH 114*  General Physics II Lab - 1 credit 
CS 110  Computer Science I - 3 credits
Total Credits - 140

MA 207 Real Analysis II (Strongly Suggested)    
*Satisfies core curriculum requirements for social sciences, mathematics, and natural sciences.

Finance Minor Requirements

Finance Minor—Required courses
BA 100 Financial Accounting I - 3 credits
BA 320 Corporate Finance I - 3 credits
BA 362 Investments: Securities - 3 credits
BA 363 Investments: Derivatives - 3 credits

In addition to the above, any two of the following:
BA 321 Corporate Finance II - 3 credits
BA 325 Analysis of Financial Statements - 3 credits
BA 353/EC353* International Finance - 3 credits
BA 385 Financial Institutions - 3 credits
BA 484 Risk Management - 3 credits
BA 485 CFA Review Level I - 3 credits
BA 488 Portfolio Theory - 3 credits
BA 489 Valuations and Modeling - 3 credits

* BA 353/EC 353 does not count for International Business majors.

Business Portfoliofinance-portfolio
A Business Portfolio Must Be Completed Before Graduation

Work to be included:

  • Business Ethics Paper written in BA 170 (First Year)
  • Updated Business Ethics Paper written in BA 305
  • Resume (Completed first year and updated each year.)
  • Experiential Project defined by major -- at least one
  • Information Systems Analysis Project
  • Oral Presentation from 300 level business class or above
  • Term paper written in 300 level business class or above
  • Optional: Professional Thesis  
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Accreditations and Affiliations
  • The McKenna School of Business has six programs accredited by the Accreditation Council for Business Schools and Programs (ACBSP). They are: Accounting, Business Education Information Technology, Finance, International Business, Management and Marketing. The Economics and Politics programs are not accredited through the ACBSP; however, all programs in the McKenna School have regional accreditation through the Middle States Association. The ACBSP is one of the two premier accrediting agencies for business schools worldwide. With a requirement for faculty professional development (e.g., publications and research) and courses primarily taught by faculty holding doctorates, the ACBSP is the leading business accreditation program devoted to teaching excellence and service to students.
  • The McKenna School is also a member of the Middle Atlantic Association of Colleges of Business Administration and a CFP designated Business School.
Internships and Careers in Accounting
  • Our job placements are exceptional—almost 100% within three months of graduation.
  • Outstanding job placements include:
    Allegheny Financial Group GNC
    Apollo (SAP B1) Hefron-Tillotson
    AXA ICAP (NYC)
    Bayer Corporation JP Morgan
    BEA, Inc. Kennametal Inc.
    BNY Mellon Lanxess Corporation
    Citigroup Navigator Business Solutions (SAP B1)
    Elliot Company NEPC
    Envestments PLS Logistics Company
    F. Tinker & Sons PNC Bank
    Federated Investors PPG
    Fifth Third Bank U.S. Census Bureau Statistician
    First Commonwealth Bank Waddell and Reed
  • Job positions include:
    Financial Leadership Program Performance Analyst for Hedge Funds
    Inside Sales Supply Chain Analyst
    Investment Fund Accountant
  • Superior internships include:
    Ameriprise Financial Kereitsu Group
    Bayer Corporation  Mine Safety Appliances
    BNY Mellon MTS Technologies
    ChemImage Corporation  PNC Bank
    Citigroup (Honduras) PPG
    Excela Health Private Wealth Management
    First Commonwealth Bank S&T Bank
    First National Bank Siemens Corporation (Shanghai) 
    FJL Group Societe Generale (Bulgaria) 
    Hefren-Tillotson UBS (Columbus, Ohio)
    JP Morgan Waddell & Reed
    Kennametal Center for Operational Excellence Westinghouse (Shanghai) 
    Kennametal Inc.  
  • Graduate placements:
    Duquesne University School of Law
    M.B.A. (Katz Graduate School of Business, University of Pittsburgh
    M.B.A. (Northwestern University)
    M.B.A. (Tepper School of Business, Carnegie Mellon University
    M.S. Finance (Case Western University)
    M.S. Finance (Villanova University)
    Ph.D. Statistics (The Pennsylvania State University)
    The Pennsylvania State University, School of Law
    University of Pittsburgh School of Law





  • Learning Objectives

    The finance major emphasizes:

    • financial statement analysis underscored by a thorough understanding of the "why" and "how" questions in finance;
    • its theoretical roots by deriving equations and reading original works of great finance academics;
    • and seeks to enable students to apply theoretical models and knowledge in real life settings through case analysis, security selection games and senior-level portfolio projects;
    • risk management techniques to analyze asset allocations and in the utilization of derivatives.