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


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 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)
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 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)
  OR  
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.

Free Electives


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)
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
         
YEAR 1 SEMESTER 2 (FRESHMAN)
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
         
YEAR 2 SEMESTER 3 (SOPHOMORE)
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
         
YEAR 2 SEMESTER 4 (SOPHOMORE)
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
         
YEAR 3 SEMESTER 5 (JUNIOR)
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
         
YEAR 3 SEMESTER 6 (JUNIOR)
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
         
YEAR 4 SEMESTER 7 (SENIOR)
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
         
YEAR 4 SEMESTER 8 (SENIOR)
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.

Faculty


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.

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