Bachelor of Science in Finance

  • Total # of Credit hours
    126

Welcome Message

Welcome to the Department of Finance at the College of Business Administration. The department has a two-decade long successful history of running a flagship finance program at undergraduate level and contributing to the CBA’s mission. The department’s mission complements CBA’s mission by providing an educational experience that develops the student’s global acumen of finance, fosters community engagement and enhances employability.

The Department launched BSc in Finance program keeping in mind the local and regional demand from finance, business and industry circle. This program aims to cater to wide spectrum of sectors including real estate, insurance, banks and financial institutions, financial markets, among others. Since the launch of the BSc Finance program, it has grown and matured in its structure, spirit and context. The program develops students’ technical and critical thinking and provides them with an in-depth understanding of financial theory and the dynamics of financial markets. Real case-based exercises, experiential learning, extra-curricular activities are some of the effective teaching-learning strategies at the Department of Finance that lead to assurance of desired learning. Moreover, a summer internship and a comprehensive research-based graduation project provide our students with opportunities to see the coherence between theory and practice.

Being one of the important constituents of the CBA, the Department of Finance extends its finance strands across MBA and DBA programs as well. Our program is not only accredited by the Ministry of Higher Education in the UAE but is also well recognized by the industry and professional bodies. We take pride in saying that our finance faculty members are highly qualified and well-regarded in their fields of specializations. They have been acclaimed for their research contributions at several national and international platforms.  They are not just teachers but passionate mentors for our students too. 

Our finance graduates are well placed across the financial sector. Due to our program’s comprehensiveness and broadness, our students are able to serve in all the domains of finance at banks and financial services, multinational corporations, investment and portfolio management institutions, real estate companies, public sector and non-profit organizations, stock markets etc. They work as financial analyst, credit analyst, budget analyst, investor relations associate, investment banking associate, stock broker, insurance agent, and financial planner at various organizations. The Department of Finance has a strong nexus with industry and professional organizations that helps our students in fulfilling their career dreams. 

You are encouraged to browse through our department’s web pages. Detailed information can be found with regards to the BSc Finance program structure, courses and faculty members. If you have any question, please do not hesitate to contact us.

We wish you all the best!

Dr. Rajesh Mohnot
Head, Department of Finance

 

Program Overview

 The BSc in Finance degree program is designed to develop students’ technical and critical thinking and to provide them with an in-depth understanding of financial theory, analytical financial instruments, and dynamics of financial markets. This major aims at simultaneously imparting all-inclusive functional area knowledge of business firms, for example, management, marketing, accounting and finance. The program prepares students for careers in finance in public, private, as well as non-profit organizations.

 

Program Goals
  1. Deliver to students the functional aspects of all areas of finance
  2. Enable students to adapt to the changing environment of finance in the real world situation
  3. Build analytical skills based on critical thinking, reasoning and communication
  4. Enable students to further their studies in postgraduate and professional programs
 
Admission Requirements

Minimum High school Requirements: An average score of 70% in Advanced and Elite Tracks, and 75% in General Stream. 

  • EmSAT in English Language: Score of 1100 or its equivalent
  • EmSAT in Mathematics: Score of 600 
  • EmSAT in Arabic: Score of 600  

Find out the undergraduate admission requirements here

Enrollment and Graduation Data
  Academic Year
Students 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
Enrollment 35 28 36 38 29
Graduation 22 21 19 21 38
 
Graduation Requirements

Students will be awarded the Bachelor of Science in Finance degree upon fulfillment of the following requirements:

  • Successful completion of 126 credit hours,which normally takes eight semesters.
  • 8 weeks of industrial internship (after the completionof 96 credit hours including seven finance core courses).
  • Aminimum Cumulative Grade Point Average of 2.0

 

Program Learning Outcomes

 

Program Learning Outcomes (PLOs)
  1. Apply principles of finance in decision-making.
  2. Synthesize strands of knowledge for solving financial problems facing modern organizations.
  3. Design and implement effective financial strategies for improving financial performance of organizations.
  4. Critically analyze changing conditions of international environment and their impact on the design and implementation of financial strategies.
  5. Apply ethics (including Islamic ethics) in financial decision-making.
  6. Measure financial performance against the backdrop of ethical and professional standards.
  7. Apply finance theory and principles in the Middle East situations through case studies and analysis.

Program Structure and Credit Hours

 

The B.Sc. degree in Finance requires the completion of 126 credit hours distributed according to the following plan:

Type of Courses
Credit/hour
1. University General Education Courses 
24
(a) University Compulsory Courses 15
(b) University Elective Courses 9
2. College Requirements 
66
(a) College Compulsory Courses 54
(b) College Elective Courses 12
3Major Requirements
36
(a) Major Compulsory Courses 30
(b) Major Elective Courses 6
Total Credit Hours
126

Study Plan

Study Plan

Courses Descriptions

 

FIN 210 Fundamentals of Finance

This introductory course discusses in detail basic terms commonly used in finance. Topics covered include functions of financial management, financial analysis and planning, working capital management, the capital budgeting process and long term financing.

Pre-requisite: ACC 200

 
FIN 220 Corporate Finance  

This course introduces financial issues from the corporate point of view. It includes the concept of net present value (NPV) and valuation of future cash flows. The course extends to the application of NPV in the capital budgeting decisions. The course covers the risk-return concept with the help of CAPM and APT theories. It also highlights long-term financial planning and capital structure decisions.

Pre-requisite: FIN 210

 
FIN 221 Money and Financial System

This course is designed to introduce basic economic and financial concepts related to money, banking and financial systems. It uses basic economic principles to introduce the structure of financial markets, financial institution management, the foreign exchange markets, the internationalization of financial markets and the role of monetary policy in the economy. This course offers students a balanced picture of the interactions between money, the financial system and the economy.

Pre-requisite: ECO 210

 

 FIN 311 Financial Planning and Control  

This course provides an understanding of financial statements and the analytical tools available for use in properly managing and adding value to an organization. It focuses on analysis of financial and accounting information and its impact on financial decision-making and profit planning. The course uses some basic applications of statistics in financial planning in order to ensure corporate financial stability.

Pre-requisite: ACC 220, FIN 210

 
FIN 324 Commercial Banking  

This commercial bank management course will equip the students with good grounding in the banking industry by teaching both the theory and practice of commercial banking. It focuses on the dynamic and rapidly changing financial-services industry; it explores modern financial management decision-making and highlights the importance of adapting to change and creating value as the way for financial institutions to succeed. The following areas are explained: introduction to bank management, strategic and financial management and the measurement of bank performance, the portfolio risks of banking and their management, managing the bank lending functions, and capital adequacy in banking institutions.

Pre-requisite: FIN 221

 
FIN 411 Financial Markets

This course is designed to build an understanding of financial markets, institutions and market participants. The coverage includes various types of financial markets like foreign exchange markets, stock markets, derivative markets and bond markets. The specific topics covered include the determination of interest rates; fixed income securities, mortgages, foreign exchange, futures, options, and money markets; commercial banks, savings banks, and credit unions; insurance companies, securities firms, finance companies, mutual funds, and pension funds. It also studies financial institution and market regulation, past and present banking crises, management and hedging of risk, central banking and monetary policy.

Pre-requisite: FIN 210, FIN 324

 
FIN 320 International Finance

This course is designed to introduce an overview of the environment of global finance, the international dimension of corporate finance, balance of payments and exchange market, the international monetary system, political risk, international cash management, international portfolio diversification, foreign direct investment and international and other developmental international financial issues.

Pre-requisite: FIN 220

 
FIN 422 Selected Topics in Finance

The primary aim of this course is to offer a more thorough examination of selected topics. The course instructor will select topics keeping in view topics of current interest and the availability of teaching material and resources. The choice of topics is expected to vary from semester to semester.  In general, the course caters for specific issues, topics and recent developments in financial thought and practice that are new or controversial in nature and that have not been adequately covered or addressed in other finance courses.

Pre-requisite: FIN 210

 
FIN 410 Investments  

This course develops advanced analytical and managerial skills in the field of investments. The topics covered include risk and returns, the analysis of different types of securities, basics of portfolio theory, modern investment theory, and portfolio selection and management. The course helps students learn how to make good investment decisions, recognize investment problems and deal with them.

Pre-requisite: FIN 321

 
FIN 423 Computer Applications in Finance

This course will equip students with the skills required to apply their acquired finance knowledge using computer applications and available software, like EXCEL. The following topics are covered using computers: accounting primer, cash management, financial ratios analysis, break-even analysis, EPS, P/E ratio, taxation, time-value of money, interest/discount rates, capital budgeting, PV, FV, NPV, IRR, loan repayment schedule, dividends, measurement of risk and returns, valuation of securities, cost of capital, credit-scoring models, yield measurement, and advanced models in finance.

Pre-requisites: COM 111, FIN 210

 
FIN 322 Personal Finance

This personal finance course equips the student with financial knowledge and tools to maximize financial resources over an individual’s lifetime. This course discusses the latest financial planning tools and techniques that enable an individual to achieve his/her financial goals. Financial and personal satisfaction is the result of an organized process referred to as personal money management, which is the focus of this course.

Pre-requisite: FIN 210

 
FIN 421 Islamic Banking  

This course will equip students with a firm grounding in the banking industry. It teaches the theory and practice of Islamic banking within the backdrop of conventional banking. Focusing on the dynamic and rapidly changing financial services industry, it explores modern financial engineering for financial product development that is Shari’ah-compliant. The following areas are covered; introduction to Islamic economy and Islamic financial system, Islamic financial instruments, the measurement of bank performance, management of Islamic banks’ investment risk, Shari’ah-compliant management of bank financing functions, bank capital (theory, management and regulation), financial innovations, Information technology, and corporate restructuring in the financial services industry.

Pre-requisite: FIN 324

 
FIN 420 Portfolio Management and Theory

This course is designed to introduce an overview of portfolio management, more specifically securities and security analyses, risk and return, environment analyses, company analyses, bond analyses, options, rights, warrants and convertibles, futures, efficient-market theory, portfolio analyses and selection, capital market theory, managed portfolios and performance measurements.

Pre-requisite: FIN 411

 
FIN 321 Financial Risk and Insurance

This course explores various types of corporate and financial risks, analyzes them, and identifies methods to control them. Specific issues covered include risk identification and measurement, risk analysis and management, and relevance of corporate risk management from shareholders’ value point of view. It also deals with the main tool to diffuse risk, i.e., insurance, describing the mechanics of insurance contracts and their pricing, risk pooling and risk diversification, and risk hedging with derivative contracts.

Pre-requisite: FIN 220

 
ECO 200 Microeconomics

This course is designed to introduce basic economic concepts related to individual decision-makers in the economy - households, businesses and governments - and how they interact. Meaning, nature and methods of economic study are introduced. Supply, demand and elasticity are used to analyze consumer and firm behaviors in different types of markets. The rationale for various public policies designed to modify the workings of markets is examined.

 
ECO 210 Macroeconomics  

This course is designed to introduce basic economic concepts related to aggregate economic relationships such as output and income, national income accounting, aggregate supply and aggregate demand, unemployment, inflation, economic growth and development, money and banking, and the international economy. The course emphasizes the main components of aggregate expenditure and determination of equilibrium level of income, in addition to the analysis of the effects of fiscal and monetary policies on the economy. It extends understanding of the ability of governments to influence economic performance.

Pre-requisite: ECO 200

 
ECO 310 Quantitative Analysis  

The aim of this course is to review basic quantitative methods used in business decision-making. The major focus of the course will be on decision-making under uncertainty and certainty such as linear programming. Some of the specific topics to be covered will include: problem formulation, graphic solutions and different forms of linear programming such as transportation and assignment models, queuing theory, decision analysis, inventory systems and forecasting.

Pre-requisites: MTH 131, STA 231

 
ECO 311 Managerial Economics  

This course is designed to acquaint students of business administration with the economics of managerial decision-making, paying special attention to the criteria for rational decision making in private business, non-profit institutions and public agencies. The course emphasizes the application of economic theory and the tools of decision science to examine how an organization can achieve its objectives most efficiently. It is an application of economic theory and analysis to the managerial decision-making process.

Pre-requisites:  ECO 200

 
ECO 320 Economic Development of GCC  

This course is designed to introduce the concepts, measurements and theories of broad-based sustainable development, as well as the relationships between economic development, human development and environment. Students will also become familiar with several theories of development, and the characteristics and the quality of life in GCC countries will be investigated and compared to those of other countries. The focus would be on the causes, problems and challenges associated with the development of GCC countries, such as population structure and localization policies, the feasibility of GCC states integration and the impact of oil and non-oil production on development.

Pre-requisite: ECO 210

 
MGT 402, ACC 422, MKT 425, FIN 424 Graduation Project  

This course takes the form of a dissertation completed by graduating students in partial fulfillment of BSc in Management, Accounting, Marketing and Finance degree programs. Students choose an appropriate research project, justify it, work out the research methodology, and analyze, synthesize and evaluate information, then communicate significant knowledge and understanding. The proposed research should be related to the program. An academic advisor is assigned to advise the student at various stages of the research project. This course culminates in the preparation of a dissertation by each student. The course is an integral part of the curriculum, designed to train students to undertake scientific research and bridge the gap between theory and practice in management, accounting, marketing or finance.

Pre-requisite: 102 credit hours, MGT 312

 
MGT 470 Supervised Training  

After the completion of 96 credit hours, including seven major core courses. The aim of supervised training is to enable students to practice the learnt theories and concepts in a business organization. Students from any business discipline undergo a training period that is closely monitored by an instructor and the manager/supervisor of the organization to ensure that the student cultivates sound professional attitudes and ethics needed in work places.