Employers across the nation recognize the value of a finance degree from Broad. Our graduates are highly regarded and sought after for their knowledge, skill and superior work ethic.
Corporate finance | Capital markets and investment banking | Commercial banking | Financial advising and investments
To build a solid business foundation, there are common degree requirements for all Broad majors.
Major Field Requirements: 2.0 Minimum GPA
These required courses introduce the basic concepts that define the field of finance. They provide students with essential knowledge and financial tools that are common to careers in the field.
ACC 300 Intermediate Financial Accounting I
3 CREDITS
U.S. and international concepts and procedures for preparing financial statements. Revenue recognition. Accounting for receivables, inventory, plant assets, intangibles and current liabilities. Applied research methods.
View full course description at the Office of the Registrar.
-OR-
ACC 305 Intermediate Accounting for Finance Majors
3 Credits
Major measurement, valuation and reporting concepts and procedures underlying the assets, liabilities, owners’ equity, revenues and expenses contained in financial statements. Analysis, interpretation and use of financial statements.
View full course description at the Office of the Registrar.
3 Credits
Theoretical and empirical analyses of securities. Risk and return formation. Security analysis and concepts of market efficiency. Common stocks, bonds, options, futures and mutual funds.
View full course description at the Office of the Registrar.
3 Credits
Advanced financial management of business firms. Theoretical analysis and case applications. Capital budgeting, capital structure, valuation, risk management, mergers and corporate restructuring.
View full course description at the Office of the Registrar.
Students must earn nine (9) credits from the following finance major selection courses.
3 credits
Development of computer spreadsheet-based models to analyze corporate financial strategies and valuation issues.
View full course description at the Office of the Registrar.
3 credits
Management, decision-making and policy formulation for depository and non-depository financial institutions emphasizing commercial banking. Savings banks, credit unions and non-bank financial institutions including investment banks.
View full course description at the Office of the Registrar.
3 credits
Introduction to the analysis of real-world financial data in a variety of settings. Applying textual analysis to large documents, identifying “sentiment” in Google search data, and back-testing trading strategies. Developing the programming skills necessary to both collect and prepare data for analysis. Identifying, downloading, cleaning, and shaping data.
View full course description at the Office of the Registrar.
3 credits
Basic concepts of deep learning and neural networks in finance and economics. Practical experience implementing deep learning methods with state-of-the-art algorithms in a variety of machine learning packages with applications such as forecasting, algorithmic trading, and fraud detection.
View full course description at the Office of the Registrar.
3 credits
Financing, valuation and sale of entrepreneurial ventures. Business plans, financing sources, financial contracting, real options, staged investments, and exit strategies.
View full course description at the Office of the Registrar.
3 credits
Financial management of multinational firms. Theoretical and applied aspects of international capital budgeting, capital structure, cash management, asset pricing and risk management. Cross-cultural and ethical considerations.
View full course description at the Office of the Registrar.
3 credits, 6 credits maximum
Fundamental analysis of individual stocks. Discounted cash flow valuation, relative valuation, special situations. Management of a real-money stock portfolio, the Michigan State University Student Investment Fund.
View full course description at the Office of the Registrar.
3 credits
Role and nature of international debt and money markets. Corporate and government bond valuation, fixed income derivative instruments and bond portfolio management. Special role of “time” in debt and money markets.
View full course description at the Office of the Registrar.
3 credits
Examination of the effect of cognitive and psychological biases on financial decision-making. Analysis of the related consequences for market prices, investor performance, and corporate management.
View full course description at the Office of the Registrar.
3 credits
Pricing, trading strategies, hedging applications and markets for forwards, futures, swaps and options.
View full course description at the Office of the Registrar.
3 CREDITS
Ways in which risks are quantified and managed by financial institutions. Nature of financial institutions and their regulation, the Basel Accords, coherent risk measures, value at risk, copulas, credit risk, operational risk, liquidity risk, and the financial crisis of 2007.
View full course description at the Office of the Registrar.
1-4 credits (VARIABLE), 9 credits maximum
Current and emerging issues in finance to supplement and enrich existing courses.
View full course description at the Office of the Registrar.
Here are suggested major selection courses for the most popular career paths in the world of finance, along with some potential job titles in each area.
Corporate finance involves more than setting the right debt/equity ratio that you learned about in FI 311 (though this is part of it). You’ll be analyzing revenues and expenses to make sure companies are using their capital most effectively, helping companies make the right capital investments to grow to their full potential (making shareholders happy and potentially putting a lot more quality employees to work), evaluating projects and structuring deals to help keep growth on a solid footing.
Careers in this field include chief financial officer (CFO), treasurer, financial analyst, project manager, cash manager, corporate development officer and strategic planner.
3 credits
Development of computer spreadsheet-based models to analyze corporate financial strategies and valuation issues.
View full course description at the Office of the Registrar.
3 credits
Management, decision-making and policy formulation for depository and non-depository financial institutions emphasizing commercial banking. Savings banks, credit unions and non-bank financial institutions including investment banks.
View full course description at the Office of the Registrar.
3 CREDITS
Basic concepts of deep learning and neural networks in finance and economics. Implement deep learning methods with state-of-the-art algorithms in a variety of machine learning packages.
View full course description at the Office of the Registrar.
3 credits
Financial management of multinational firms. Theoretical and applied aspects of international capital budgeting, capital structure, cash management, asset pricing and risk management. Cross-cultural and ethical considerations.
View full course description at the Office of the Registrar.
3 CREDITS
Fundamental analysis of individual stocks. Discounted cash flow valuation, relative valuation, special situations. Management of a real-money stock portfolio, the Michigan State University Student Investment Fund.
View full course description at the Office of the Registrar.
3 CREDITS
Role and nature of international debt and money markets. Corporate and government bond valuation, fixed income derivative instruments and bond portfolio management. Special role of “time” in debt and money markets.
View full course description at the Office of the Registrar.
Jobs in capital markets involve objective, scientific analysis of economic and market factors that help companies make the right investment decisions. Often this involves helping companies raise the capital they need to keep growing.
Investment bankers help a company with its financing needs, and also aid in facilitating mergers and acquisitions. It’s a very complex world, but the rewards can be significant both for you and for the companies you help to grow and thrive.
Common job titles in these areas include debt capital markets officer, equity capital markets officer, investment banker, financial strategist, trader and mergers & acquisitions analyst.
The Chartered Financial Analyst (CFA) designation, along with an MBA, are highly recommended for this career path.
3 credits
Development of computer spreadsheet-based models to analyze corporate financial strategies and valuation issues.
View full course description at the Office of the Registrar.
3 credits
Management, decision-making and policy formulation for depository and non-depository financial institutions emphasizing commercial banking. Savings banks, credit unions and non-bank financial institutions including investment banks.
View full course description at the Office of the Registrar.
3 CREDITS
Analysis of real-world financial data in a variety of settings. Apply textual analysis to large documents, identifying “sentiment” in search data, and back-testing trading strategies. Develop programming skills to collect and prepare data for analysis.
View full course description at the Office of the Registrar.
3 credits
Financial management of multinational firms. Theoretical and applied aspects of international capital budgeting, capital structure, cash management, asset pricing and risk management. Cross-cultural and ethical considerations.
View full course description at the Office of the Registrar.
3 credits, 6 credits maximum
Fundamental analysis of individual stocks. Discounted cash flow valuation, relative valuation, special situations. Management of a real-money stock portfolio, the Michigan State University Student Investment Fund.
View full course description at the Office of the Registrar.
3 credits
Role and nature of international debt and money markets. Corporate and government bond valuation, fixed income derivative instruments and bond portfolio management. Special role of “time” in debt and money markets.
View full course description at the Office of the Registrar.
3 CREDITS
Examination of the effect of cognitive and psychological biases on financial decision-making. Analysis of the related consequences for market prices, investor performance, and corporate management.
View full course description at the Office of the Registrar.
3 credits
Pricing, trading strategies, hedging applications and markets for forwards, futures, swaps and options.
View full course description at the Office of the Registrar.
As a financial advisor, you’ll do more than crunch numbers; you will be helping people make good decisions about their future. Whether it’s managing their investment portfolio, figuring out how to control their debt, navigating the complicated tax code or maximizing retirement income, people want an expert they can trust. It’s a role that requires not only technical knowledge but also strong people skills like communication, relationship management, listening and being empathic.
The title “financial advisor” is a broad description of many other types of careers you can have in this field. Other jobs include chief investment officer, portfolio manager, relationship manager, financial planner, investment analyst, trust officer, retirement plan specialist and account executive.
The Financial Planning and Wealth Management minor will provide you with a solid understanding of the cutting-edge concepts and techniques you need to become that trusted advisors. As a registered CFP program, you will be able to take the CFP exam upon graduation, earning you the most widely recognized designation for financial advisors.
3 CREDITS
Techniques used to develop and implement comprehensive plans to achieve a person’s overall financial objectives. Budgeting, liability management, investing, tax planning, risk management, employee benefits, retirement planning, and estate planning.
View full course description at the Office of the Registrar.
3 CREDITS
Overview of techniques for measuring and managing risk. Pure risks related to mortality, health-related expenses, property damage, and product liability. Management techniques studied include risk assumption, prevention, diversification, and transfer via insurance and non-insurance market mechanisms.
View full course description at the Office of the Registrar.
3 CREDITS
Estate planning and income tax planning issues for the financial planner and wealth management advisor.
View full course description at the Office of the Registrar.
3 CREDITS
Capstone course focused on all aspects of financial planning, Client management, planning tools and software applications. Creation of a comprehensive financial plan.
View full course description at the Office of the Registrar.
3 CREDITS
Financial market turbulence and evolving societal trends create both challenges and opportunities for investors. Investment concepts, core theories, and leading investment techniques. Develop the ability to integrate a wide range of skills and interdisciplinary knowledge for investment excellence.
View full course description at the Office of the Registrar.
3 CREDITS
Management, decision-making and policy formulation for depository and non-depository financial institutions emphasizing commercial banking. Savings banks, credit unions and non-bank financial institutions including investment banks.
View full course description at the Office of the Registrar.
3 credits
Fundamental analysis of individual stocks. Discounted cash flow valuation, relative valuation, special situations. Management of a real-money stock portfolio, the Michigan State University Student Investment Fund.
View full course description at the Office of the Registrar.
3 credits
Role and nature of international debt and money markets. Corporate and government bond valuation, fixed income derivative instruments and bond portfolio management. Special role of “time” in debt and money markets.
View full course description at the Office of the Registrar.
3 credits
Pricing, trading strategies, hedging applications and markets for forwards, futures, swaps and options.
View full course description at the Office of the Registrar.
1-4 CREDITS
Current and emerging issues in finance to supplement and enrich existing courses.
View full course description at the Office of the Registrar.
Today’s bankers function as the lifeblood of our economy: enabling companies and individuals to get the funding they need to grow and thrive. Commercial bankers help companies with their cash management needs, not only to keep the lights on, but also to fuel the investment in growth and innovation that has put our economy at the top of the global scale.
Other than “banker,” job titles in this area include cash management specialist, commercial lender, private banker, branch manager and mortgage lender.
3 credits
Development of computer spreadsheet-based models to analyze corporate financial strategies and valuation issues.
View full course description at the Office of the Registrar.
3 credits
Management, decision-making and policy formulation for depository and non-depository financial institutions emphasizing commercial banking. Savings banks, credit unions and non-bank financial institutions including investment banks.
View full course description at the Office of the Registrar.
3 credits
Financing, valuation and sale of entrepreneurial ventures. Business plans, financing sources, financial contracting, real options, staged investments and exit strategies.
View full course description at the Office of the Registrar.
3 credits
Role and nature of international debt and money markets. Corporate and government bond valuation, fixed income derivative instruments and bond portfolio management. Special role of “time” in debt and money markets.
View full course description at the Office of the Registrar.
3 credits
Pricing, trading strategies, hedging applications and markets for forwards, futures, swaps and options.
View full course description at the Office of the Registrar.
The Digital Track will prepare future business leaders with skills in data science and analytics to cope with challenges in the emerging digital economy.
Recent advances in artificial intelligence using big data are rapidly transforming many parts of our society, including the financial sector. These changes reach beyond simple automation of manual labor and have begun replacing mental tasks associated with white-collar jobs. To cope with these rapid changes in the financial sector, there is an increasing demand for students with the ability to harness these new data science and analytics tools for traditional corporate decisions. The Finance Digital Track fills this void and exposes students to various aspects of the digital economy through an integrated curriculum that combines regular business training and modern computing technology.
Effective Fall, 2020, the Department of Finance will offer a specialized Digital Track for students interested in experiencing in-depth exposure to modern computing applications in finance. In addition to the traditional requirements for finance majors, students in the Digital Track will take Finance course sections identified as “Digital” in MSU’s Schedule of Courses (schedule.msu.edu). For classes taken in the Fall of 2021 and later, the classes have to be completed with the grade of 3.0 or higher. Overall, students must take 9 credits.
The Department of Finance will honor students who complete four Digital Track Finance classes with a non-transcriptable Finance Digital Track acknowledgement.
3 Credits
Theoretical and empirical analyses of securities. Risk and return formation. Security analysis and concepts of market efficiency. Common stocks, bonds, options, futures, and mutual funds. Digital content includes an overview of commonly used data and methodology in investments. Assignments include the application of computer programming to the fundamentals of finance. Please check for an appropriate section at MSU’s Schedule of Courses (schedule.msu.edu).
View full course description at the Office of the Registrar.
3 Credits
Development of computer spreadsheet-based models to analyze corporate financial strategies and valuation issues. (All sections of FI 355 qualify for the Digital Track).
View full course description at the Office of the Registrar.
3 CREDITS
Financial market turbulence and evolving societal trends create both challenges and opportunities for investors. Investment concepts, core theories, and leading investment techniques. Develop the ability to integrate a wide range of skills and interdisciplinary knowledge for investment excellence.
View full course description at the Office of the Registrar.
3 credits
Introduction to the analysis of real-world financial data in a variety of settings. Applying textual analysis to large documents, identifying “sentiment” in Google search data, and back-testing trading strategies. Developing the programming skills necessary to both collect and prepare data for analysis. Identifying, downloading, cleaning, and shaping data.
View full course description at the Office of the Registrar.
3 credits
Basic concepts of deep learning and neural networks in finance and economics. Practical experience implementing deep learning methods with state-of-the-art algorithms in a variety of machine learning packages with applications such as forecasting, algorithmic trading, and fraud detection.
View full course description at the Office of the Registrar.
3 credits
For 2022/2023 Academic Year: FI 491 Section 005 (Advanced Investments) counts toward Digital Track Certification.
Current and emerging issues in finance to supplement and enrich existing courses.
View full course description at the Office of the Registrar.
The Insurance and Risk Management minor provides a comprehensive overview of all types of insurance including health, property and casualty. It gives students the foundation and tools to establish and manage a risk management framework in an ever-changing world.
3 CREDITS
Overview of techniques for measuring and managing risk. Pure risks related to mortality, health-related expenses, property damage, and product liability. Management techniques studied include risk assumption, prevention, diversification, and transfer via insurance and non-insurance market mechanisms.
View full course description at the Office of the Registrar.
3 CREDITS
Using Enterprise Risk Management to identify and manage business risk in any industry. Risk identification, ERM processes, structures for individual and business-to-business insurance coverages, and new and creative alternative risk management structures.
View full course description at the Office of the Registrar.
3 CREDITS
Capstone course for the Insurance and Risk Management minor. Macro risk and crisis management topics. Management of system-wide real and financial crises.
View full course description at the Office of the Registrar.
3 CREDITS
Theories of consumer choice, production, cost, perfect competition, and monopoly. Welfare economics, general equilibrium, externalities, and public goods.
View full course description at the Office of the Registrar.
3 CREDITS
Money markets and financial intermediation. Money, the Federal Reserve System, and monetary policy. Regulation of money markets.
View full course description at the Office of the Registrar.
3 CREDITS
Financial market turbulence and evolving societal trends create both challenges and opportunities for investors. Investment concepts, core theories, and leading investment techniques. Develop the ability to integrate a wide range of skills and interdisciplinary knowledge for investment excellence.
View full course description at the Office of the Registrar.
3 CREIDTS
Management, decision-making and policy formulation for depository and non-depository financial institutions emphasizing commercial banking. Savings banks, credit unions and non-bank financial institutions including investment banks.
View full course description at the Office of the Registrar.
3 CREDITS
Advanced financial management of business firms. Theoretical analysis and case applications. Capital budgeting, capital structure, valuation, risk management, mergers, and corporate restructuring.
View full course description at the Office of the Registrar.
3 CREDITS
Ways in which risks are quantified and managed by financial institutions. Nature of financial institutions and their regulation, the Basel Accords, coherent risk measures, value at risk, copulas, credit risk, operational risk, liquidity risk, and the financial crisis of 2007.
View full course description at the Office of the Registrar.
3 CREDITS
Research methods designed to obtain information for marketing decisions. Research design, data collection, and interpretation of information to aid in making managerial decisions.
View full course description at the Office of the Registrar.
3 CREDITS
Regulation, marketing and distribution, underwriting, risk control, premium auditing, the claim function, actuarial operations, and reinsurance.
View full course description at the Office of the Registrar.
The Broad College of Business is a CFA Program Partner of the CFA Institute, a global membership organization that awards the Chartered Financial Analyst (CFA) designation. The Chartered Financial Analyst program is a powerful avenue for boosting a career in finance at an early stage. The CFA designation is considered the gold standard when it comes to accreditations in fields such as financial management and investment analysis – in fact, for potentially lucrative careers in investment banking, mutual fund management and as the chief investment officer (CIO) of an investment company, the CFA is generally required.
The CFA examination process is widely considered one of the most rigorous credentialing programs, but the hard work should more than pay off throughout the rest of a career. Throughout the investment industry, those who have earned the CFA designation earn more and have greater responsibilities than those that do not. The exam is given in three levels – the Level I exam is held twice a year, while Levels II and III are only given once per calendar year.
Finance majors at MSU may apply for a partial scholarship to help offset the cost of the exam. For more details, visit the Department of Finance’s page on the CFA Partner Program.
The Financial Markets Institute (FMI) provides comprehensive training to a select group of highly motivated finance and accounting students at Broad. Scholars enjoy invaluable opportunities, such as co-managing a multi-million dollar investment fund and visiting financial services firms across the United States.
Based on student preparation, the institute provides employers with the confidence that FMI scholars have the technical and soft skills necessary to make immediate contributions to their firms.
The Financial Planning and Wealth Management minor is designed to provide students with a solid understanding of the concepts and techniques used by wealth management advisors to help individual and institutional clients. As the industry continues to evolve, students will gain the necessary skills to help firms meet the expanding needs of their client base.
The Michigan State University Finance Association (MSUFA) connects members with employers who offer internships and full-time jobs within finance and is a great way to learn more about careers in the field. The association sponsors career fairs as well as site visits to national financial centers such as New York, Chicago and Los Angeles. Membership can significantly help you build the knowledge base and network of contacts that can give you a tremendous advantage when you leave the halls of MSU and enter the world of finance.
Learn MoreThe Student Investment Association (SIA) is an undergraduate student organization with the mission to educate undergraduates about investing through a real-money portfolio, educational seminars, professional speakers and investing competitions.
Learn MoreThe Spartan Global Development Fund (SGDF) is a student-run initiative working to expand awareness and support for microfinance while building lasting partnerships in the quest for permanent solutions to global poverty.
The Spartan Global Development Fund helps promote the causes of sustainability and entrepreneurship by providing interest-free micro loans to small businesses in less-developed areas of the world. While the loans SGDF arranges may be small – typically ranging from $100 to $3,000 – their effects can be substantial.
While the fund is student-run, its membership also includes Michigan State alumni and faculty, and relies on financial support from the entire community.
Learn MoreThe Wealth Management Association is a Registered Student Organization at the Eli Broad College of Business at Michigan State University. We are dedicated to training and educating the next generation of financial advisors.
We host a number of employers who provide insight on what a career in the wealth management and financial planning industry can look like while also offering internships and full-time jobs for our members.
Learn MoreThe Alternative Investments Group (“AIG”) is a premiere investment-focused student organization at Michigan State University. Members within AIG hold a wealth and diversity of experience in the alternative space, as well as unique goals and ambitions within the financial markets industry. In joining AIG, members become knowledgeable in alternative asset classes, financial markets, and valuations, while simultaneously immersing themselves in a tightly knit network of diverse, driven students and alumni working at top financial institutions.
Learn MoreMastering finance isn’t just a matter of analyzing numbers and data. The Department of Finance prepares students to look beyond quantitative reasoning in order to discover innovative solutions to the most prominent issues confronting today’s businesses.