Careers in Finance Professor Dan Greiner Coordinator, I-Core Professor Craig Holden Chair, Finance Dept. Undergraduate Committee Finance Department Web Site: www.kelley.iu.edu/finance Career Areas in Finance Major Areas: 1. Corporate Finance 2. Investments 3. Banking 4. International Specialized Areas: Financial Consulting Investment Banking Real Estate Major Areas: (1.) Commercial Banking Credit analyst loan officer Branch Manager Relationship Banking Capital Markets (2.) Corporate Finance Line Position plant management/planning Staff Position corporate management/planning Treasury risk management capital acquisition mergers and acquisitions (3.) Investments Sales Trading Research investment analysis product development (4.) International Working outside of the U.S. or in the U.S. arm of a multinational corporation International Financial Analysis International Investments International Banking Specialized Areas: Financial Consulting Providing advising services business valuation litigation support capital acquisition restructuring Employers Major accounting firms Management consulting firms Investment Banking two-year analyst position very competitive (i.e., it takes a high GPA) Real Estate Real estate development Corporate Sales Financial institutions Placement Information Finance students have approximately 12 interviews each in the BPO Although most find jobs through the BPO, a significant number find them through networking. 2002 graduates average starting salary = $42,442 Survey suggests it grows at 7%/year $53,000 after 3 years $61,000 after 5 years Some very high salaries Finance Major: Finance Track, Option 1 Required Courses: F303 Intermediate Investments F305 Intermediate Corporate Finance A310 Intermediate Financial Accounting A324 Cost Accounting (1.5 credit hours) One Course from: A327, A329, A420 A422 Four Finance Electives (12.0 credit hours) With at least 6.0 credit hours at the 400level Finance Major: Finance Track, Option 2 Required Courses: F303 Intermediate Investments F305 Intermediate Corporate Finance A311 Intermediate Financial Accounting I A312 Intermediate Financial Accounting II A324 Cost Accounting (1.5 credit hours) One Course from: A327, A329, A420, A422 Three Finance Electives (9.0 credit hours) With at least 3.0 credit hours at the 400-level Finance Electives 1. 2. Corporate Finance F307 - Working Capital Management F402 - Corporate Financial Strategy F408 – Real Options and Strategic Capital Investment Investments F335 - Security Trading and Market Making F420 - Fixed Income and Equity Investing F421 - Derivative Securities and Corporate Risk Management Finance Electives 3. 4. 5. 6. 7. Commercial Banking G345 - Money, Banking, and Capital Markets F446 - Banking and Financial Intermediation International F494 - International Finance Entrepreneurial Elective F317 – Venture Capital and Entrepreneurial Finance Real Estate Elective R305 – Introduction to Real Estate Analysis Accounting Elective (for Option 1 majors only) One course from: A329, A422, A437, or (A327 and A420) Investment Banking Workshop Limited to 25 students admitted as Juniors Scholastic achievement Interest in industry and leadership potential Speaker series New York and Chicago trips F428 - Industry background and financial modeling F429 - Project/deal development Real Estate Track Same number of credit hours (24) as Finance Track Take A310 Intermediate Financial Accounting Take three specialized real estate courses Introduction to Real Estate Analysis (R305) Real Estate Appraisals (R440) Real Estate Finance and Investment Analysis (R443) Extracurricular activities Finance Club including the Investment Banking Group www.indiana.edu/~finance/ Stock Market Club www.indiana.edu/~stock/ Real Estate Club www.indiana.edu/~cres/reclub.htm Panel Members Daniel Hintz – Merrill Lynch Kristin Kwiatkowski – Abbott Laboratories Jon Sorg – Duke Reality Corp Sean Triplett – GE Thomas R Hinkley - Alpha Sigma Phi National Fraternity