Finance Major

The finance major is designed for students who are interested in a career in one of the three divisions of finance: corporate finance, investments, and financial institutions.  Corporate finance involves decision making by financial managers at corporations.  Investments deals with security analysis and building well-diversified portfolios.  The study of financial institutions includes preparation for careers with institutions such as investment banks, commercial banks, savings & loans, credit unions, and life insurance companies.

The mission of the Finance major is to prepare students for employment and leadership across the spectrum of finance and business in global society.

The student learning objectives are:

1: Valuation: By the end of the finance program students will be able to calculate value of cash flows, real, and financial assets.

2: Financial Institutions: By the end of the finance program students will be able to list the attributes and roles of major financial institutions in our economic system.

3: Financial Statements: By the end of the finance program students will be able to analyze corporate financial statements.

4: Capital Budgeting: By the end of the finance program students will be able to explain the methods and process of capital budgeting. 

5: Capital Structure: By the end of the finance program students will be able to evaluate risk-return implications of capital structure decisions and the process for return of funds to investors.

6: Derivatives: By the end of the finance program students will be able to understand valuation and trading practices for derivatives.

7: Spreadsheet Skills: By the end of the finance program students will be able to demonstrate spreadsheet skills.

Program Requirements

To view the most accurate requirements of the degree you wish to pursue, please go to https://bulletins.cmich.edu and select the year of the bulletin that applies to you, and "on campus" (unless you are taking distance learning classes, in which case you would select "off campus"). Then simply select the department and specific major and minor you are pursuing.

For additional information, or for a personal walkthrough of major and minor requirements and please contact:

Business Student Services
(989) 774-3124
Grawn Hall
150 E Bellows
1st Floor, Room 105