Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Careers in Finance Major Areas: Major Areas: 1. Corporate Finance 2. Investments 3. Banking 4. International Specialized Areas: Specialized Areas:  Financial Consulting  Investment Banking  Real Estate

Major Areas: (1.) Commercial Banking Credit Credit  analyst  loan officer Branch Manager Branch Manager Relationship Banking Relationship Banking Capital Markets Capital Markets

(2.) Corporate Finance Line Position Line Position  plant management/planning Staff Position Staff Position  corporate management/planning Treasury Treasury  risk management  capital acquisition  mergers and acquisitions

(3.) Investments Sales Sales Trading Trading Research Research  investment analysis  product development

(4.) International Working outside of the U.S. or in the U.S. arm of a multinational corporation Working outside of the U.S. or in the U.S. arm of a multinational corporation International Financial Analysis International Financial Analysis International Investments International Investments International Banking International Banking

Specialized Areas: Financial Consulting Providing advising services Providing advising services  business valuation  litigation support  capital acquisition  restructuring Employers Employers  Big-5 accounting firms  Management consulting firms

Investment Banking two-year analyst position two-year analyst position very competitive (i.e., it takes a high GPA) very competitive (i.e., it takes a high GPA)

Real Estate Real estate development Real estate development Corporate Corporate Sales Sales Financial institutions Financial institutions

Placement Information Finance students have approximately 12 interviews each in the BPO Finance students have approximately 12 interviews each in the BPO Although most find jobs through the BPO, a significant number find them through networking. Although most find jobs through the BPO, a significant number find them through networking graduates average starting salary = $43,000 Survey suggests it grows at 7%/year  $52,676 after 3 years  $60,310 after 5 years Some very high salaries

The Finance Major (Finance Track) Required Courses: Required Courses:  F303 Intermediate Investments  F305 Intermediate Corporate Finance  A311 Intermediate Financial Accounting I  A312 Intermediate Financial Accounting II  A324 Cost Accounting (1.5 credit hours)  One Accounting Elective (A327, A329, or A420) Three Finance Electives (9.0 credit hours) Three Finance Electives (9.0 credit hours)

Finance Electives 1. Corporate Finance  F307 - Working Capital Management  F402 - Corporate Financial Strategy  F408 – Real Options and Strategic Capital Investment - NEW 2. Investments  F335 - Security Trading and Market Making  F420 - Fixed Income and Equity Investing  F421 - Derivative Securities and Corporate Risk Management

Finance Electives 3. Commercial Banking  G345 - Money, Banking, and Capital Markets  F446 - Banking and Financial Intermediation 4. International  F494 - International Finance 5. Entrepreneurial Elective  F317 – Venture Capital and Entrepreneurial Finance - NEW 6. Real Estate Elective  R305 – Introduction to Real Estate Analysis - NEW

Investment Banking Workshop Limited to 25 students admitted as Juniors Limited to 25 students admitted as Juniors  Scholastic achievement  Interest in industry and leadership potential Speaker series Speaker series New York and Chicago trips New York and Chicago trips F428 - Industry background and financial modeling F428 - Industry background and financial modeling F429 - Project/deal development F429 - Project/deal development

Real Estate Track Same number of credit hours (24) as Finance Track Same number of credit hours (24) as Finance Track Take three specialized real estate courses Take three specialized real estate courses  Introduction to Real Estate Analysis (R305)  Real Estate Appraisals (R440)  Real Estate Finance and Investment Analysis (R443)

Extracurricular activities Finance Club Finance Club  Investment Banking Group  Stock Market Club Stock Market Club 

Panel Members Kevin Bouvy – Abbott Labs Kevin Bouvy – Abbott Labs William Wheeler – Bank One Corporation William Wheeler – Bank One Corporation Angela Grannan – Clifton Gunderson LLP Angela Grannan – Clifton Gunderson LLP Darcie Lehman – Deloitte & Touche LLP Darcie Lehman – Deloitte & Touche LLP Sean Triplett – General Electric Company Sean Triplett – General Electric Company Richard Vonderhaar – Goldman Sachs & Co. Richard Vonderhaar – Goldman Sachs & Co. Travis Perry – PPG Industries, Inc. Travis Perry – PPG Industries, Inc. Mike Morris – Tucker Alan Inc. Mike Morris – Tucker Alan Inc.