Every business, small or large, public or private, needs sound financial management to survive. The study of Finance is the art and science of wealth management. Almost every firm, government agency, and corporation has one or more financial managers who prepare financial reports, direct investment activities, and implement cash management strategies. In short, they are the caretakers of cash and assets that are an organization's lifeblood. You can play a role in this important field
- The new Frances and Norman Cohen Trading Room and Financial Center gives students access to detailed and historical financial information about stocks, bonds, mutual funds, and commodities. In the Portfolio Managment course, students trade a $100,000 investment fund.
- The $1 million gift from thre Cohen estate also established an endowed scholarships for business junior and seniors.
- Our students are prepared to enter the finance profession in a variety of areas, including brokerage firms, insurance, personal financial planning, and corporate finance.
- As a member of the Student Finance Association, you will have the opportunity to participate in numerous networking events with business professionals to build relationships and learn about career opportunities.
- In your junior or senior year, you will have the opportunity to participate in an internship with insurance companies, banks, and other regional businesses.
- With just two additional courses added to your coursework, Finance majors can double major in Accounting or International Business. Two majors in these in-demand fields will give you unparalleled flexibility when it comes to internship and career opportunities.
The curriculum incorporates accounting and economic principles and teaches you both the classical and current theories of financial analysis. Accounting, economics, and finance are integrated. Quantitative techniques and critical thinking skills prepare students to handle the classical—as well as the most current—theories of financial analysis.
Core classes include:
- corporate finance
- financial institutions
- business law
- business analytics and information management
Elective courses specialize in the areas of:
- international finance
- macroeconomics analysis
- personal financial planning
Our faculty earned degrees from some of the most prestigious institutions in the country.
- Professor William Bosworth earned his MBA at the Stern College of Business at New York University and was a bond arbitrageur on Wall Street. He went on to earn a PhD at the University of Connecticut. His research interests are in corporate governance and executive compensation.
- Professor Yong Wang, earned an MA in Financial Economics from the University of Maine, and received his PhD from Temple University.
- Professor Bryan Schmutz earned a BSBA from Western New England University and received his Ph.D. from the University of Connecticut.
Today, more than ever, you will need an advanced degree to compete in our highly competitive global economy. The Western New England University Five-year Bachelor/MBA gives students a marked advantage in the job market while saving on tuition costs.
Internships and other special opportunities
Almost all Finance majors choose to do internships in local institutions, such as Primerica of CitiGroup, Country Bank, Westfield Savings Bank, MassMutual Financial Group, Prudential Bache, Bank of Western Massachusetts, BankNorth, Merrill Lynch, USB|Paine Webber, and Morgan Stanley.
The Student Financial Management Association holds twice-monthly lunch meetings featuring prominent professionals from the field speaking about the industry and employment opportunities. These popular events are excellent networking opportunities.
Finance students are also active in:
As well as varsity and intramural sports, special interest groups, and student government.
Fields: Banking, corporate financial management, underwriting, investments, and insurance
Outlook: The Bureau of Labor Statistics (BLS) predicts 13 percent job growth in the financial manager field (64,000 positions) by 2016. The BLS also reports that Connecticut, Massachusetts, and New York are three of the top four states for the highest concentration of workers in the finance field.
Opportunities: Banks, mutual funds, government, insurance companies