DEPARTMENT OF FINANCE
Finance is the most prestigious and challenging field in business. Finance graduates undertake the major decision making roles in the corporate world. Finance is an applied mathematical field that uses mathematical and economic models for financial decisions in the business world. Strategic financial planning, optimal budgeting, and efficient allocation of financial assets are some examples of the key financial decisions made in Finance. Finance draws on Economics for its theoretical foundation, Accounting for understanding the information used in the decision making process, and quantitative analysis for assessing results and making decisions. Finance students can also pursue a CFA, the most prestigious professional charter that is recognized worldwide, to complement their degrees and to set them apart from other candidates for jobs anywhere in the world.
Different fields within Finance are: corporate finance, international finance, investments, financial risk management, banking, and asset management. Finance graduates can pursue careers in finance divisions of banks, investment companies, multinational corporations, government entities, notfor-profit organizations, and international institutions, such as the World Bank and IMF, to support major tactical and strategic financial decisions. Graduates in Finance can also become successful entrepreneurs (Private Equity, Investment Company, Financial Planner, etc.). Graduates from Finance can look forward to career titles that include loan officer, project manager, project planner, budgeting officer, investment specialists, investment advisor, bank manager, hedge fund manager, vice president, Chief Financial Officer (CFO) and Chief Executive Officer (CEO).
Bachelor of Business Administration in Finance
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 portfolios.
- Estimate and evaluate corporate and project cost of capital.
- Analyze the financial feasibility of a 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 processes.
- Understand and analyze a financial risk and its management process.
- Understand and value a corporation and its 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)|
Students are required to complete a minimum of 39 credit hours of upper level courses (300-level and above), of which at least 18 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 4 of the following courses (12 credit hours):
|FINC 341||Corporate Finance||(3)|
|FINC 345||Investment and Securities Analysis||(3)|
|FINC 355||Financial Markets and Institutions in Kuwait and the Gulf||(3)|
|FINC 413||Finance Capstone: Financial Markets and Institutions||(3)|
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.
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 Admninistration 2015-2016 4 Year Plan (Acct, Finc, Mgmt ,Mrkt)*
|YEAR 1||SEMESTER 1 (FRESHMAN)|
|Gen Ed||ENGL||100||Foundations of Academic Reading and Writing||4|
|Gen Ed||UNIV||100||Essentials of Learning||3|
|Free Elective||MATH||100||College Algebra||3|
|YEAR 1||SEMESTER 2 (FRESHMAN)|
|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|
|YEAR 2||SEMESTER 3 (SOPHOMORE)|
|Gen Ed||ENGL||102||Writing and Information Literacy||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|
|YEAR 2||SEMESTER 4 (SOPHOMORE)|
|Core||ECON||201||Principles of Macroeconomics||3|
|Core||MGMT||201||Principles of Management||3|
|Core||MRKT||200||Principles of Marketing||3|
|YEAR 3||SEMESTER 5 (JUNIOR)|
|Core||HR||205||Human Resource Management||3|
|Core||BUS||321||International Business Management||3|
|Core||MGMT||304||Business Relationship Management||3|
|YEAR 3||SEMESTER 6 (JUNIOR)|
|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|
|YEAR 4||SEMESTER 7 (SENIOR)|
|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|
|YEAR 4||SEMESTER 8 (SENIOR)|
|Capstone||BUS||490||Business Administration Capstone||3|
* *Your progress through the plan will vary depending on your English and Mathematics placement, as well as other factors.
BHUYAN, Rafiqul, Department Chair, Professor of Finance; Ph.D., 2002, Concordia University, Montreal, Quebec, Canada.
SBEITI, Wafaa, Associate Professor of Economics and Finance; Ph.D., 2008, Durham University, Durham, UK.