The Degree of Bachelor of Business Administration - Banking and Finance


The major in Finance is designed to develop an understanding of the financial aspects of the contemporary economy, the operations of financial institutions and markets, and the financial management of business operations. The major develops analytical skills in the planning, management and control of financial resources to achieve the financial goals of the organization. Central to this task is the evaluation of the risk and return consequences of finance decisions. The major financial decisions studied are selection of assets, (equipment, buildings, inventories, securities, etc,…) and among financing alternatives (selling stock, borrowing from a bank, issuing bonds, etc…)

Finance majors will become familiar with computer applications in finance, and will know how to access and utilize financial information; they are increasingly taking and passing the Chartered Financial Analysts (CFA) examination and the Certified Financial Planner (CFP) examination. The program in Finance and related fields provide the practical and theoretical background needed to succeed in the dynamic and fascinating world of domestic and international finance.

General Education Requirements (30 cr.)

Required Common Courses (45 cr.)

Major Requirements (MR) (25 cr.)

BAF 312, BAF 315, BAF 321, BAF 433, BAF 438, BAF 450, BAF 481

Choose two (2) Faculty Elective Courses from the following: BAF 317, BAF 319, BAF 325, BAF 352, BAF 42, BAF 452, BAF 444, BAF 461, BAF 485, ACS 310, ECN 313, ACO 411, BAD 425, ECN 431, ECN 435

Free Electives (6 cr.)
Students are free to choose any six (6) credits offered by the university.

Note: In rare cases graduating students may petition to substitute one business course for another, if the required business course is not offered in any one semester.

The Finance major highlights six (6) areas where students, along with their respective advisors, can develop their business elective courses in a way to meet their potential job / career requirements. The following six areas are:

• Investments Management (IM)
• Corporate Finance (CF)
• Real Estate Finance (REF)
• Banking (B)
• Personal Financial Planning (PFP)
• General Finance (GF)

All Banking & Finance majors must complete an Internship course which provides field experience prior to graduation.

Investment Management (IM) has been revolutionized by rapid advances in computerization. Modern investment theory of portfolio selection, asset pricing models, pricing of options and other derivative securities, and views on the efficiency of security markets have contributed to major improvements in investment management practice.

Other Finance majors can choose the elective courses to meet the requirements of career such as Corporate Finance (CF) Corporate financial officers oversee the efficient allocation of funds within enterprises and borrow funds on the most favorable terms possible through banks, corporate commercial papers, bonds, or new stock issue. Corporate financial managers examine corporate policies toward dividends, debt leverage, and agency conflicts between firm stakeholders.

The Real Estate (RE)courses deal with the acquisition, ownership and management of real assets such as shopping centers, office buildings, industrial parks, and housing. Majors acquire broad, multidisciplinary background designed to make them effective in controlling assets with significant wealth. Knowledge of financial management is initial to the success of any real estate activity – brokerage, development, property management or mortgage lending. Throughout the various areas of real estate and finance, there exists a natural interrelationship between the two disciplines. The Real Estate major prepares students for a broad range of international careers in consulting, trust and estate management, appraisal, brokerage, real estate development and government.

The banking industry has undergone massive transformations due to competition from non-bank financial institutions. The Banking (B)area of interest is established to provide the Banking community with timely Research and source of new employees who recognize the specialized needs of financial institutions and the banking industry.

NDU banking courses provide students with the necessary qualifications and preparation to meet the industry new demands. NDU students, with their knowledge of more then one language, are ideally qualified for employment in international banking. Banking and Finance graduates assume increasingly responsible positions over time and move up the management ranks.

Financial services are one of the most rapidly growing and dynamic fields in finance. It includes Banking, Securities, Insurance and Personal Financial Planning. Personal Financial Planning (PFP) is a new service industry which has sprung from its insurance, securities and banking roots to become an important link between a variety of individuals and businesses and the broad spectrum of finance information. Students interested in working directly with people to organize their finances and plan for their financial futures should consider a major in Personal Financial Planning. Students need to know about all areas of business and finance and they must be able to deal with quantitative measures and information, as well as understand sophisticated theoretical concepts.

In the General Finance (GF) field, students can choose courses among several courses. By carefully selecting these courses, students may develop a program of study that fits with their interests and career preparation needs. In order to maximize the benefit of their programs, students are strongly encouraged to work closely with their assigned advisor in developing their program of study.

Suggested Program

Fall Semester I (15 cr.)
ACO 201 Principles of Accounting I (CCR) 3 cr.
BAD 201 Fundamentals of Management (CCR) 3 cr.
CSC 201 Computers and their use (GER) 3 cr.
ENL 213 Sophomore Rhetoric (GER) 3 cr.
___ ___ (GER) 3 cr.
       
Spring Semester I (15 cr.)
ACO 202 Principles of Accounting II (CCR) 3 cr.
ECN 212 Principles of Macroeconomics (CCR) 3 cr.
MAT 205 Math for Business & Economics II (CCR) 3 cr.
STA 206 Applied Statistics for Bus. & Econ. I (CCR) 3 cr.
ENL 230 English in Workplace 3 cr.
       
Summer Module I (6 cr.)
MRK 201 Fundamentals of Marketing (CCR) 3 cr.
ECN 211 Principles of Microeconomics (CCR) 3 cr.
       
Fall Semester II (15 cr.)
BAF 311 Principles of Financial Management I (CCR) 3 cr.
STA 207 Applied Statistics for Bus. & Econ. II (CCR) 3 cr.
BAD 323 Software Tools for Business Application (CCR) 3 cr.
ARB 211 Appreciation of Arabic Literature (GER) 3 cr.
or      
ARB 231 Technical Arabic (GER) 3 cr.
ENS 201 Introduction to Environmental Science (GER) 3 cr.
       
Spring Semester II (15 cr.)
BAF 312 Principles of Financial Management II (MR) 3 cr.
BAF 315 Financial Institutions & Markets (MR)3 3 cr.
ECN 333 Managerial Economics (CCR) 3 cr.
NTR 201 Basic Human Nutrition (GER) 3 cr.
___ ___ (GER) 3 cr.
       
Summer Module II (9 cr.)
BAD 311 Business Law (CCR)1 3 cr.
BAF 321 Fundamentals of Investments (MR) 3 cr.
___ ___ GER 3 cr.
       
Fall Semester III (15 cr.)
ACO 311 Managerial Accounting (CCR) 3 cr.
BAF 433 International Business Finance (MR) 3 cr.
___ ___ Faculty Elective 3 cr.
___ ___ Faculty Elective 3 cr.
___ ___ Free Elective 3 cr.
       
Spring Semester III (16 cr.)
BAF 450 Futures & Options (MR) 3 cr.
BAF 438 Credit Analysis and Commercial Lending(MR) 3 cr.
BAD 453 E-Business (CCR) 3 cr.
___ ___ Free Elective 3 cr.
BAF 481 Finance Internship (MR) 1 cr.
REG 212 Religion and Social issue (GER) 3 cr.
or      
REG 213 Catholicism (GER) 3 cr.

The Faculty of Business Administration and Economics is a member of AACSB International – The Association to Advance Collegiate Schools of Business.