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The University of Maine    
 
    
 
  Dec 12, 2017
 
2017-2018 Undergraduate Catalog

Business Administration in Finance


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OVERVIEW OF DEGREE REQUIREMENTS

Minimum number of credits required to graduate: 120

Minimum Cumulative GPA required to graduate: 2.0

Minimum Grade requirements for courses to count toward major: A C- or higher is required in all core business classes, with only one opportunity to repeat a class.

Other GPA requirements to graduate: Must earn a minimum overall GPA of 2.0 in all BUA and ECO classes. Must earn at least 70% of the total credit hours in core business classes, as well as the majority of the courses in the major at UMaine

Required Course(s) for fulfilling Capstone Experience: BUA 449

Contact Information: Niclas Erhardt, Associate Dean, 211 DP Corbett, (207)581-1968


The Finance major prepares students to have skills in three general areas - structure and functioning of financial markets and institutions; methods of financing business operations; and security selection and portfolio management for individual and institutional investors. Common career paths for finance majors are in financial management in business, management and nonprofit organizations; commercial and investment banking; and brokerage.

School/Departmental Requirements:

To earn a B.S. in Finance at least 70% of the total credits earned in business core classes, as well as the majority of the specialized courses in the major (i.e., 3 out of 5 in finance) must be taken at the University of Maine. Business and economics coursework must be completed with a 2.0 (“C”) cumulative average.

A C- or better is required in all business core classes and those classes may be repeated only once.

Students wishing to transfer from other institutions or from other programs within UM must have a cumulative GPA of 2.0 and be in good academic standing. In addition to University-wide policies for transfer of credit, MBS, as an institution accredited by AACSB International, evaluates transfer credit according to AACSB standards. Rarely do business courses from a non-AACSB accredited institution transfer to the MBS other than as electives. Thus the transfer student may be required to take more than 120 credit hours to graduate. Such students are strongly encouraged to check with MBS well in advance about how business courses will transfer.

First year finance students may take BUA 101, BUA 201 and BUA 235. Sophomores (24 or more degree hours) may take BUA 201, BUA 202, BUA 267, BUA 325, and BUA 220. Juniors (54 or more degree hours) may take any other 300- or 400-level business course for which prerequisites have been met unless the course specifies “Senior Standing”. Class standing requirements are never waived.

The Business Program for Finance majors has three components:

  1. The General Foundation (54 credits). Throughout the program students acquire a broad education in the liberal arts and sciences. Through courses in English, communications, international studies, mathematics, computer science, economics and psychology, as well as electives, students build a strong foundation for lifelong learning. Within this component, the student will satisfy the University’s general education requirements.
  2. The Business Core (33 credits). The core business courses provide an understanding of the functional areas common to most businesses: accounting, finance, law, marketing, management, management information systems, production and operations, international business and strategy.
  3. The Major Fields (15-18 credits). Students acquire advanced knowledge of a major field (accounting, finance, management, or marketing) by taking five courses (six in accounting) beyond the introductory level in a chosen major. Concentrations in International Business, Management of Information Systems, and Entrepreneurship can be elected in addition to a major.

Note: The remaining 15-18 credits needed to qualify for graduation can be filled with any course offered at the University.

General Foundation (54 credits)


I. Arts and Sciences Core (37 credits)


II. Outside Electives (17 Credits)


These 17 credits may be chosen from the offerings of the College of Liberal Arts and Sciences, the School of Economics, or any non-business course that satisfies a general education requirement. Students should use these credits to complete the University’s general education requirements that are not satisfied by the courses above (3 credits each in Western Cultural Tradition, Population and the Environment, Artistic and Creative Expression, and Cultural Diversity and International Perspectives) as well as to complete a minor or pursue an area of interest.

Free Electives (18 credits)


Any courses offered at the University of Maine will fill these electives

Required Courses in Suggested Sequence for a B. S. in Business Administration in Finance


Students should be aware that upper-level Finance classes (not including BUA 350) are offered only once a year.  Students are responsible for the successful completion of prerequisites to upper-level courses.

First Year - Second Semester (15 credits)


Second Year - First Semester (15-16 credits)


Students should note that several courses satisfy more than one general education requirement allowing for a wider selection of electives later.

Second Year - Second Semester (15-16 credits)


Third Year - First Semester (15 credits)


Third Year - Second Semester (15 credits)


Fourth Year - First Semester (15 credits)


Fourth Year - Second Semester (15 credits)


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