Finance, Insurance & Real Estate


Finance is the study and practice of decision-making to acquire and manage real and financial assets for the purpose of creating and maintaining economic (market) value.  The Finance curriculum consists of three main areas of study-corporate finance, investments, and financial institutions.  Corporate finance explores which assets a firm should acquire, how to raise funds to purchase them, and how to manage acquired assets to maximize the value of the firm.  Investments includes how to value stocks, bonds, and other financial securities; the theory and practice of portfolio management; and the functioning of the securities markets.  Financial institutions examines the role of financial intermediaries, especially commercial banks, in the financial system and the principal managerial issues facing such institutions

Financial Planning
The Financial Planning curriculum is interdisciplinary and offers students a broad education in financial services with emphasis on personal financial planning. Areas of study include investments, insurance, income tax, retirement benefits, and estate planning. Graduates of this program, which is registered with the Certified Financial Planner Board of Standards, Inc. (CFP Board), are qualified to take the Comprehensive CFP Certification Examination administered by the CFB Board.

Real Estate
The Real Estate curriculum is designed to prepare students for many different careers in real estate as well as give them specialized training in real estate appraisal, investment analysis of income-producing property, real estate finance, real estate law, and property management. As part of the coursework for the Real Estate major, students will be required to attend an 8-hour, out-of-class training session on ARGUS Financial Analysis, the real estate industry's leading property analysis software. Satisfactory completion of FIN 3405 (Principles of Real Estate) and FIN 4220/4221 (Real Estate Law of Agency and Contracts) will qualify an individual to take the Texas real estate sales license examination administered by the Texas Real Estate Commission (TREC).

Risk Management & Insurance
The success of any firm depends on its ability not only to create value for stockholders but also to protect such value. While the field of finance has historically paid significant attention to value creation, less has been said about the protection of value. Risk Management and Insurance (RMI) specifically addresses the issue of value protection. The Risk Management and Insurance curriculum focuses on the financial and economic characteristics of potential exposures to loss faced by firms and individuals, and the techniques available to minimize the costs associated with such exposures.

Baylor University