UNIVERSITY OF PENNSYLVANIA
THE WHARTON SCHOOL GRADUATE DIVISION
REQUIREMENTS FOR A MAJOR IN FINANCE
http://finance.wharton.upenn.edu
For questions: please contact Andrea Rollins (215-898-1263, Rollins@wharton.upenn.edu)
To major in Finance, a student must take core course FNCE 601 (Corporate Finance); core course FNCE
602 (Macroeconomics and the Global Economic Environment); and FOUR credit units offered only in the
Finance Department, subject to the following:
• Waived courses do not count toward the major. If you waive FNCE 601, you must take five credit units
offered only in the Finance Department.
• Core course FNCE 602, Macroeconomics and the Global Economic Environment, does not count toward
the major.
• No more than one credit unit may be an Advanced Study projects (FNCE 890) or an Independent Study
(FNCE 899). There are a few exceptions to this rule for FNCE 890. Please see the department advisor for
guidance.
• If a course is cross-listed with Finance, in order to apply the cross-listed course to the Finance major, you
must be registered for the “FNCE” course.
A variety of programs can be designed for specific intellectual and career objectives. Several types of
specialized programs are described below. These are offered only as suggestions, and students are
encouraged to explore whatever interests they have over the broad range of courses offered in the Finance
Department. Information on other courses in other departments and schools, as well as assistance in
planning specialized programs, can be obtained from departmental advisors. Students should keep in mind
that not all courses listed below are offered every semester. Students should check with the Finance
Department to verify each semester’s course offerings as well as the professors assigned to those courses.
Students considering the possibility of working toward the PhD in Finance should contact the Finance PhD
Coordinator during their first semester to discuss the possibility of submatriculating into the program. This
requires a formal application procedure, which should be initiated during the Fall semester of the first year.
There are several PhD level courses that may be taken concurrently with MBA courses, but these should be
planned out in advance so as not to interfere with the student’s progress toward the MBA degree.
Although the student is free to take any courses within the Department’s offerings, subject to the above
restrictions, the courses can be clustered to cater to a variety of intellectual or career interests. Several types
of specialized programs are listed below.
CORPORATE FINANCE
FNCE 601 Corporate Finance
FNCE 726 Advanced Corporate Finance
FNCE 731 International Corporate Finance
FNCE 738 Funding Investments
FNCE 750 Venture Capital and the Finance of Innovation
BANKING AND FINANCIAL INSTITUTIONS
FNCE 602 Macroeconomics and the Global Economic Environment
FNCE 725 Fixed Income Securities
FNCE 732 International Banking
INTERNATIONAL FINANCE
FNCE 719 International Financial Markets
FNCE 731 International Corporate Finance
FNCE 732 International Banking
INVESTMENT MANAGEMENT
FNCE 717 Financial Derivatives
FNCE 720 Investment Management
FNCE 725 Fixed Income Securities
FNCE 728 Corporate Valuation
FNCE 738 Funding Investments
FNCE 750 Venture Capital and the Finance of Innovation
REAL ESTATE / URBAN PUB FIN
FNCE 721 Real Estate Investments
FNCE 724 Urban Real Estate Econ
FNCE 730 Urban Financial Policy
Revised 9/28/04