Finance is the most prestigious and challenging field in business. Finance graduates assume the major decision-making role in corporate world. Mathematical Finance, Financial Engineering, and Financial Economics have emerged as sub-fields of Finance for higher education in the field of Finance. Finance, hence, is highly respected as an applied field of mathematics and economics. Finance encompasses theoretical models of mathematics and economics, builds information from accounting data in decision making process and uses quantitative techniques for assessing results and making decisions. Finance major students can pursue Chartered Financial Analyst (CFA) - the most prestigious professional finance charter that is recognized worldwide, to complement their degree and to make them highly attractive candidate for a job anywhere in the world.

Different fields within Finance are: Corporate Finance, International Finance, Investments, Financial Risk Management, Banking, and Asset Management. Students can specialize in any of the fields within Finance to focus on a career path. Finance graduates can choose career in the finance division of a Bank, Investment Company, Multinational Corporation, Government Entity, Not-for-Profit Organization, and International Institutions such as World Bank, IMF etc. to support major tactical and strategic financial decisions. Graduates in Finance can also become successful entrepreneurs (Private Equity, Investment Company, Financial Planner, etc.). Career titles in Finance run the spectrum from entry level positions to the top, from loan officer, project manager, project planner, budgeting officer, investment specialists, investment advisor, bank manager, hedge fund manager, vice president, to chief financial officer (CFO) and chief executive officer (CEO).

Mission Statement

The Department of Finance offers BBA (Finance) degree that resembles the program structure of an American education system and standards. The Department offers its programs that provide students with the knowledge and skills in their field of studies so that they can demonstrate their learning through professional success. AUK enriches society by fostering an environment encouraging critical thinking, effective communication, personal growth, service, and leadership.


The Department of Finance aspires to be a flagship program in AUK and to be recognized locally, regionally, and internationally for its high quality programs, innovation within program, academic excellence, and the professional accomplishments of its graduates.


Just like AUK, the Department of Finance strives to uphold the following values:

  • Freedom of thought, speech, and intellectual curiosity
  • Respect for individual identity and rights
  • Support equality for ethnic, cultural, and religious diversity
  • Commitment to high standards of morality, integrity, and social responsibility
  • Adherence to high professional standards and ethics

Bachelor of Business Administration in Finance

Learning Outcomes:

Upon completion of the AUK major in Finance, the student will be able to:

  • Understand and apply the Time Value of Money
  • Evaluate Financial Securities such as stock and bond prices
  • Evaluate projects and make investment decisions
  • Understand the key guiding principles of Islamic Finance
  • Distinguish between systematic risk and asset specific risk
  • Understand and compose investment portfolio
  • Estimate and evaluate corporate and project cost of capital
  • Analyze the financial feasibility of project’s cash flows
  • Evaluate and comprehend the characteristics of financial markets in Kuwait and the Gulf with respect to the world financial market
  • Understand and evaluate regional and multinational capital investment decision process
  • Understand and analyze financial risk and its management process
  • Understand and value a corporation and financial assets
  • Sit for CFA level I and II examination with adequate preparation

Finance Degree Requirements (124 Credit Hours)

To receive a degree in Finance, students must complete at least 124 credit hours:
General Education Requirements (49)
BBA Core Courses (37)
Finance Major Courses (18)
Internship & Common Capstone (6)
Free Electives (14)

Students are required to complete a minimum of 39 credit hours of upper level courses (300-level and above), of which at least 24 credit hours need to be taken in the major, depending on the stipulations of each program. Of the 39 credit hours of upper level courses, 27 credit hours should be in residence at AUK.

BBA Core Courses (37 Credit Hours)

BBA students must complete the following core courses:

ACCT 201 Principles of Financial Accounting (4)
ACCT 205 Managerial Accounting (3)
BEAL 401 Legal & Ethical Issues in Business (3)
BEAL 403 Corporate Governance & Ethics (3)
BUS 210 Research Methods for Business (3)
BUS 321 International Business Management (3)
ECON 200 Principles of Microeconomics (3)
ECON 201 Principles of Macroeconomics (3)
FINC 332 Financial Management (3)
HR 205 Human Resource Management (3)
MGMT 201 Principles of Management (3)
MGMT 304 Business Relationship Management (3)
MRKT 200 Principles of Marketing (3)

Finance Major Courses (18 Credit Hours)

Students must complete 6 of the following courses (18 credit hours):

FINC 341 Corporate Finance


FINC 345

Investment and Securities Analysis


FINC 355

Financial Institutions of the Gulf


FINC 413

Finance Capstone: International Finance, Financial Markets  and Institutions




In addition, students must complete a further 2 courses in Finance (6 credits, designated FINC at 300-level or above) offered by the College of Business and Economics.

Internship and Common Capstone

FINC 470 (3 credit hours)

All students must participate in an Internship Program for each BBA Major. The Internship Program provides students with an opportunity to demonstrate their capacity for leadership, teamwork, and business activity in the context of work experience. Internships are completed in the senior year and while in residency at AUK. Priority is given to graduating students. For the duration of the semester, students are responsible for working 42 hours per semester for each credit hour. Students are to refer to the College’s Internship Handbook for further details of the internship process, requirements, and method of assessment.

Common Capstone BUS 490 (3 credit hours)

All BBA students are required to complete the Common Business Administration Capstone course. This course uses cases studies to integrate material from the different business subjects learned in the BBA program. The Capstone requires senior standing.

Free Electives (14 Credit Hours)

Students must take sufficient electives to complete the 124 credit hour requirement for graduation. Students are strongly advised to consult with their academic advisor when choosing these electives.

Bachelor of Business Administration 2016-2017 4 Year Plan (Acct, Finc, Mgmt ,Mrkt)*

Prefix Number Title
Gen Ed ENGL 100 Foundations of Academic Reading and Writing 4
Gen Ed UNIV 100 Essentials of Learning 3
Gen Ed ARAB [A] 3
Gen Ed HUM [H] 3
Free Elective MATH 100 College Algebra 3
Prefix Number Title
Gen Ed ENGL 101 Approaches to Critical Reading and Writing 3
Gen Ed MATH 103/110 Mathematics for Business or Pre-Calculus 3
Gen Ed ARAB [K] Arabic Culture 3
Gen Ed HUM [H] 3
Gen Ed CSIS [T] 3
Prefix Number Title
Gen Ed ENGL 102 Writing and Information Literacy 3
Gen Ed STAT 201 Statistics 3
Gen Ed UNIV 110 University, Community, and Citizenship 3
Core ACCT 201 Principles of Financial Accounting 4
Core ECON 200 Principles of Microeconomics 3
Prefix Number Title
Gen Ed SCI [P] 3
Core FINC 332 Financial Management 3
Core ECON 201 Principles of Macroeconomics 3
Core MGMT 201 Principles of Management 3
Core MRKT 200 Principles of Marketing 3
Free Elective 2
Prefix Number Title
Gen Ed SCI [P] 4
Core ACCT 205 Managerial Accounting 3
Core HR 205 Human Resource Management 3
Core BUS 321 International Business Management 3
Core MGMT 304 Business Relationship Management 3
Prefix Number Title
Core BUS 210 Research Methods for Business 3
Major ACCT 301, FINC 341, ENTR 201, MRKT 329 3
Major ACCT 401, FINC 345, MGMT 301, MRKT 355 3
Major Elective 3
Free Elective 3
Prefix Number Title
Gen Ed SOCSC [S] 3
Core BEAL 401/403 Legal & Ethical Issues in Business or Corporate Governance and Ethics 3
Major ACCT 305, FINC 355, MGMT 333, MRKT 401 3
Major ACCT/FINC/MGMT/MRKT 413 Discipline Capstone 3
Free Elective 3
Prefix Number Title
Gen Ed SOCSC [S] 3
Capstone BUS 490 Business Administration Capstone 3
Major Elective 3
Internship 470 ACCT/FINC/MGMT/MRKT
Free Elective 3

* *Your progress through the plan will vary depending on your English and Mathematics placement, as well as other factors.


BHATTACHARYA, Rabindranath, Department Chair, Senior Instructor of Finance; MBA, 1993, McGill University, Canada.

BHUYAN, Rafiqul, Professor of Finance; Ph.D., 2002, Concordia University, Montreal, Quebec, Canada.

SBEITI, Wafaa, Associate Professor of Finance; Ph.D., 2008, Durham University, Durham, UK.


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