finance & real estate at u n l v
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Finance & Real Estate at U N L V. Professor: Dana Angioni By: Michael Grema & Valerie Rosenfield. Outline. Background College of Business Pre-Major Courses Major Required Courses The world of Finance Real Estate Real World Application UNLV offerings within this major - PowerPoint PPT PresentationTRANSCRIPT
Professor: Dana Angioni
By: Michael Grema & Valerie Rosenfield
Finance & Real
Estate
at UNLV
Finance & Real
Estate
at UNLV
Outline Outline
• Background• College of Business– Pre-Major Courses–Major Required Courses
• The world of Finance• Real Estate• Real World Application• UNLV offerings within this
major• Discussion of Interview
BackgroundBackground
• What is finance?– the management of revenues; the
conduct or transaction of money matters generally, esp. those affecting the public, as in the fields of banking and investment.
• What is Real Estate?– “Real Estate” includes real property,
leasehold and business whether with or without premises, fixtures, stock-in-trade, goods or chattels in connection with the operation of the business
College of BusinessCollege of Business
• Pre-Major Courses for B.S.B.A degree include:– ACC 201, Financial Accounting– ACC 202, Managerial Accounting– BUS 101, Introduction to Business– COM 101 Oral Communication– ECON 102, Principals of Microeconomics– ECON 103, Principles of Macroeconomics – ECON 261, Principles of Statistics– ENG 102, Composition II– Math 132, Finite Math– IS 101, Introduction to Information Systems
• *For both Real Estate and Finance
BSBA degree
Finance: Major RequirementsFinance: Major Requirements
• Core Courses consist of:• FIN 303, FIN 307, FIN 308, FIN 312
• Five other selective courses are needed, which may include but are not limited to
• ACC 401, ECON 262, FIN 321, FIN 405, RE 332
*A total of 27 core course are required
*A total of 124 credits are needed for the entire program
Real Estate: Major Requirements Real Estate: Major Requirements
• Core Courses:– BLW 331, FIN 308, RE 332, RE 334, RE
336
• Both fields require 44 credits of Business Administration classes– Ex: ACC 201, ACC 202, BLW 302, BUS
101, BUS 395, MGT 301, and MKT 301
Complement MinorComplement Minor
• Business Law minor to complement the degree. Benefits include:
• Gives you exposure to subjects covered in law school
• Gives you understanding on how law affects real world business and other practical issues
• Gives you an insight on how judges and lawyers interpret the law
Financial Managers: A basic overviewFinancial Managers: A basic overview
• Oversee preparation of financial reports
• Direct investment activities• Implement cash management
strategies• Implement long-term goals of
organization• Firms, government agencies, and
other organizations usually employ at least one financial manager
Careers Under Management Field:Careers Under Management Field:
• Controller- In charge of producing financial reports (income statements, balance sheets, analyses of future earnings/expenses)
• Summarize organizations financial position
• Prepare reports required by regulatory authorities
TreasurerTreasurer
• Oversee the investment of funds
• Manage associated risks
• Supervise cash management activities
• Execute capital-raising strategies to expand
• Deal with mergers and acquisitions.
Credit ManagersCredit Managers
• Oversee issuance of credit establishing credit-rating qualifications
• Determine credit ceilings
• Monitor collections of past-due accounts
Cash ManagersCash Managers
• Monitor and control flow of cash receipts and disbursements for business and investment purposes
Risk and Insurance ManagersRisk and Insurance Managers
• Oversee programs to minimize possible risks and losses from financial transactions and business operations
• Manage insurance budget• International finance majors
can work to develop systems for banking transactions of multinational organizations
STARTING SALARY AND ROOM FOR ADVANCEMENTSTARTING SALARY AND ROOM FOR ADVANCEMENT
• Average annual starting salary: 50,000
• Advancement- promotion to top management positions happens with extensive experience and obtaining a masters degree; some can start their own consulting firms
• Career Projections: expected 13% growth- globalization will cause development
Financial Consultant Financial Consultant
• A basic overview:
• Collect information about business or individual and analyze in order to make investment recommendations
Careers Under Consultant Field Careers Under Consultant Field
• Financial analyst: - work with companies that have money to invest
• Analyze a company’s financial standing (sales, expenses, taxes, etc) to project future income
• Determine a company’s value and work to expand
• Financial analysts work on both buy and sell side of investments- some companies need help with investing and some seek advice with selling a product
Personal Financial Advisors Personal Financial Advisors
• Work with individuals commonly saving for retirement, college, estates, etc.
• Use their understanding of taxes, investments, and insurance to give clients financial options
• Usually build their own clientele• Many work on commission of
buying and selling life insurance and securities
Private Bankers and Wealth ManagersPrivate Bankers and Wealth Managers
• Work with individuals that have wealth equivalent of institutions
• Work with teams of financial consultants (accountants, lawyers, etc)
• Are in charge of individuals investments as financial analysts are to companies
Types of companies financial analysts work for:Types of companies financial analysts work for:
• Investment banks, pension funds, business media, securities firms, universities, hospitals, charitable organizations
• Career Projections: expected 37% increase- as baby boom generation reaches retirement increasing numbers of financial advisors will be needed
Earning your MastersEarning your Masters
• Common fields to obtain masters in: business administration, economics, finance, risk management
• As finance jobs become more competitive more employers look for a masters degree
Offerings within the majors:
Internship Opportunities
Mentor Program
Scholarships
Internship Opportunities Internship Opportunities
• Internships:*Must meet prerequisites for each
– FIN 481 Finance Internship (3 credits)Supervised on-site practical and professional learning experience in various participating local enterprises culminating in a written report. S/F grading only.
– RE 481 Real Estate Internship (3 credits)Supervised on-site practical and professional learning experience in various participating local real estate enterprises culminating in a written report. S/F grading only.
Mentor Opportunities Mentor Opportunities
• Requirements:– Have a minimum GPA of 2.75– Taken one Finance core course– Provide a personal statement stating your
goal with the Mentorship Program– Provide a letter of recommendation from a
Professor in the Finance Department– Attend an orientation– Be currently enrolled in the UNLV Business
College and must be either in Finance or Real Estate
– Meet with your mentor at his/her office for a minimum of 1 hour per week
– Always keep appointments– Dress appropriately when meeting your
mentor
Cont… Cont…
• Student Responsibilities:– Communicate with your mentor on a
regular basis. – Educate the mentor about the UNLV
campus or an upcoming project or dilemma you are facing in one of your classes.
– Dedicate enough time to the program to assure success..
Scholarships Scholarships
For More information For More information
• Visit – http://business.unlv.edu/finance/
content.asp?content=145
Appeal of a finance majorAppeal of a finance major
• Why did you I choose this major:– Personally I believe that Finance
gives you the necessary perspective of understanding the flow of money in the world .
• What about finance interests me?– The pure knowledge that I’ll
understand how to both manages my own Finances and the Finances of businesses effectively and efficiently
Finance Networks: with other Business MajorsFinance Networks: with other Business Majors
• Project related to UNLV:– Clubs• Financial Management Association
(FMA)• Real Estate and Business Society
• Forums
Informational Interview Informational Interview
Bibliography Bibliography
• Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2008-09 Edition, Financial Managers, on the Internet at http://www.bls.gov/oco/ocos010.htm/
• "Create a Graph." Kids Zone- Learning with NCES. NCES. 8 Sep 2009 <http://nces.ed.gov/nceskids/createAgraph/>.
• "Finance Definition." (2009) 1. Web.5 Sep 2009. <http://dictionary.reference.com/browse/finance>.
• Informational Interview:
– Mike Reynolds
• Reynolds Farmers Insurance
• 4974 S Rainbow Blvd Las Vegas, NV
• 1-(702)-365-13211
• “Real Estate Definintion “(2009) 1. Web.5 Sep 2009. <http://dictionary.reference.com/browse/real estate>.
• Undergrouduate Catalog. Fall 2008-Spring 2010. Las Vegas: UNLV, (2008). Print.
• UNLV College of Business, "Department of Finance ." (2009) Web.5 Sep 2009. <http://business.unlv.edu/finance/content.asp?content=177>