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Notre Dame Launches Finance Major

The business division of Notre Dame College will introduce a new major in finance beginning in the fall 2014 semester.

This new major will prepare students for careers in financial management, banking, government, real estate, and financial planning and analysis. And it enables Notre Dame to better compete with colleges and universities in Northeast Ohio, most of which already offer bachelor’s degrees in finance.

With an increase in the complexity of financial markets and the growing number of Baby Boomers reaching retirement age, financial planners are in increasing demand. According to the U.S. Department of Labor, financial analyst jobs were expected to grow 23 percent from 2010 to 2020, while positions available for personal financial planners were projected to increase at a rate of 32 percent over the same period.

The introduction of a finance major is the result of a joint effort by the business division and math department to enhance student quantitative skills.

“Students benefit not only from the liberal arts content of our educational core but also will be prepared to succeed in multiple financial career pursuits in a variety of financial careers, regionally and globally,” said Karen Penler, MBA, assistant professor of accounting and chair of the business division.

Students who major in finance will fulfill requirements in the business core and 22 additional credits in areas of accounting, economics, mathematics and corporate finance.

The combination of these courses will feature in-depth study of integrated financial analysis, investment alternatives, risk evaluation and mitigation, borrowing and leasing options, long-term capital funding, dividend payout and earnings retention decision-making.