Finance Major students

Finance Major

Undergraduate Program in Newark

There are two tracks for students who wish to major in finance:

  • Financial Management and Capital Markets
  • Financial Planning

The requirements for each track are different although there is some overlap. 

Financial Management and Capital Markets track

The Finance sector is comprised of establishments primarily engaged in financial transactions, which involve the creation, liquidation, or change in ownership of financial assets. Almost every firm, government agency, and other type of organization employ one or more financial managers. Working in offices often close to top managers and with departments that develop the financial data those managers need, financial managers typically have direct access to state-of-the-art computer systems and information services. Our finance graduates secure careers ranging from managing finances for startups to working in the biggest, most prestigious financial firms on Wall Street. Students must be Finance and/or Accounting majors to complete the program.

Career Paths

Financial managers generally oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. Managers also develop and implement the strategies for the long - term goals of their organization. A bachelor’s degree in finance, accounting, economics, or business administration is the minimum academic preparation for financial managers. This track academic programs develops analytical skills and teaches financial analysis methods and technology.

The duties of financial managers vary with their specific titles, which include: equity/bond analyst or trader, investment banker, controller, treasurer or finance officer, credit manager, cash manager, risk and insurance manager, compliance officer, operations manager and international banking supervisor. Candidates for financial management positions need many different skills. Interpersonal skills are key because these jobs involve managing people and working as part of a team to solve problems. Financial managers must also have excellent communication skills in order to explain complex financial data and their interactions. Because financial managers work extensively with various departments in their firm, a broad understanding of business is also essential.

Financial managers should be creative thinkers and problem-solvers, applying their analytical skills to business. They must have knowledge of international finance as financial operations are increasingly being affected by the global economy. In addition, a good knowledge of regulatory compliance procedures is essential.

Rutgers Business School provides students with the skills and industry connections they need to get jobs in the most prominent financial institutions in New York City and beyond. With easy access to the city from either campus, internships, networking events, and alumni connections on Wall Street are minutes away, and provide valuable experiences for our students.

Sample Occupations

  • Securities Trader
  • Financial Analyst
  • Project Manager
  • Financial Economist
  • Claim Adjuster/Examiner
  • Market Research Analyst
  • Underwriter
  • External Auditor

Where Graduates are Working

  • Credit Suisse
  • Ally Bank
  • J.P. Morgan Chase
  • Northwestern Mutual Financial Services
  • John Hancock Financial
  • State Farm Insurance Companies
  • Bank of New York Mellon
  • Schering – Plough

Compensation

According to the 2012 U.S. Bureau of Labor Occupational Outlook Handbook, bachelor’s degree candidates in finance received offers with a median salary of $76,950.

How to Apply

Curriculum

Students must take at least 24 major credits beyond the school core, including 12 credits of the required courses and at least 12 credits of electives.

School Core Courses (3 credits)

Course # Title CR
29:390:329 Finance 3

Required (12 credits)

Course # Title CR
29:390:300 Financial Econometrics 3
29:390:315 Investments 3
29:390:330 Corporate Finance 3
29:390:370 Financial Institutions and Markets 3

Electives (12 credits)

Students have the option to choose any combination of the following electives.

Course # Title CR
29:390:331 Ethics in Finance 3
29:390:340 Financial Statements and Security Analysis 3
29:390:375 International Financial Management 3
29:390:386 Futures and Options 3
29:390:440 Working Capital Management 3
29:390:450 Advanced Corporate Finance 3
29:390:468 Analysis of Fixed Income 3
29:390:470 Security Analysis 3
29:390:476 Real Estate Capital Markets 3
29:390:480 Real Estate Finance 3
29:390:490 Finance Cooperative Education 3
29:390:494 Pension Fund Management 3
29:390:495 Special Topics in Investment Banking 3
29:390:496 Finance Internship (BA) 3
29:390:498 Independent Research in Finance 3

Notes: The prerequisite course for Working Capital Management (29:390:440) is Finance (29:390:329)

Financial Planning track

The financial planning track is designed to prepare undergraduate finance majors for an exciting career in financial advisement, where you are helping clients secure a solid financial future. Our program provides an approved, practical and theoretical approach to personal financial planning. Successful completion of this curriculum satisfies the Certified Financial Planner Board of Standards of education and assists you in taking the CFP Board Examination.

If you have an acumen for finance, strong interpersonal skills and a desire to be entrepreneurial, then this program is for you. Rutgers Business School’s strong ties with the financial services industry, and our nearness to New York City—the epicenter of the financial world—means our financial planning graduates leave with plenty of opportunities at their fingertips.

Why should you become a Financial Planner?

Simply put? There's a high demand and the field is booming with opportunity.

The financial planning and advising industry is projected to be one of the fastest growing job sectors over the next decade, with the U.S. Labor Department estimating it will grow by about 27 percent in the next five years. The demand for these services is high, especially as an aging population seeks assistance to plan for retirement. Further, the field provides ample opportunities for self-employment, or employment at leading financial services firms.

Further, pursuing the financial planning track as a finance major at Rutgers Business School will prepare you for earning your Certified Financial Planner (CFP) designation because it satisfies the educational requirement for the certification. To become a CFP, you must pass an exam approved by the CFP Board of Standards which covers over 175 topics in investing and financial planning. Increasingly, financial planners are expected to have CFP credentials, and our program will help you get there.

How to Apply

Curriculum

The financial planning track is available to Newark undergraduate finance majors at Rutgers Business School-Newark. The track is made up of 7 courses (21 credits) in addition to core undergraduate business requirements.

Required (21 credits)

Course # Title CR
29:390:315 Investments 3
29:390:370 Financial Institutions & Markets 3
29:393:341 Financial Planning/Insurance 3
29:393:466 Estate Planning 3
29:393:467 Retirement Planning 3
29:393:469 Taxation Issues Affecting Financial Planning 3
29:393:495 Capstone: Developing a Financial Plan 3