Finance

Assistant Professor T.J. Devine
Assistant Professor Tim Finlay
Assistant Professor Michael Harden
Assistant Professor Sam Levey

The courses in this discipline are intended to give an understanding of the nature, operation, and financial issues faced by modern organizations including for profit and not-for-profit businesses and governments. The offerings of this discipline also provide pre-professional training leading to graduate study in finance, management, public administration, and law.

Students seeking to complete more than one major in the Business Department must complete a minimum of 24 additional hours of new content beyond the first major.

Each minor in the Business Department requires a minimum of 16 additional hours of new content beyond the requirements of declared majors in the department.

Majors & Programs

Courses

FI 152: Personal Financial Literacy

Fundamentals of financial analysis and planning for the individual. Topics include the time value of money, financial statements and budgeting, cash management, credit management, consumer durables, housing, financial markets and institutions, investment basics, insurance, and retirement planning. The course cannot be taken after a student has completed FI 352. 

FI 352: Financial Management (Corporate Finance)

Study of the financial management of the typical corporation. Topics include stock valuation, risk analysis, capital structure, dividend policy and capital budgeting. Current developments such as mergers and acquisitions, new securities, and small business finance are also studied.

FI 353: Investments

An understanding of the mechanics of the securities market, the investment media, security selection and analysis, and the formulation of investment policy for individuals.

FI 355: Financial Institutions Management

Comprehensive survey of the role of the each of the major financial institutions in our economy. The emphasis of the course is on the management of these institutions.

FI 357: International Finance

Theories and practical aspects of international finance. Topics analyzed include international payments mechanism, exchange market operations, international capital movements, risk evaluation and protection, capital budgeting, and international financial institutions.

FI 362: Corporate Risk Management

This course examines the scientific approach to the problem of dealing with the risks that companies face today. Students will learn to develop comprehensive risk management plans incorporating identification, control, and financing of all corporate.

FI 406: Investment Practicum

This course is designed to teach students how to invest their money wisely and to familiarize students with the different available investment instruments. Students in this course participate in the Illinois College Warren Billhartz Student Investment Organization. Through this organization, students gain firsthand experience, using real-world money and investments, with the effects markets have on investment portfolios. All final investment decisions are made by the participating students with the guidance of economics/business faculty and investment professionals. This course is open to students of all majors at Illinois College.

FI 463: Internship in Finance

A practical application of theoretical skills in actual job-related situations. May be repeated for a maximum of 6 hours. Open to junior and senior majors.

FI 485: Senior Seminar

As an interdisciplinary capstone course, students will analyze and evaluate financial information with respect to profitability, corporate risk management, and proper financial reporting.