Academics

Photo of students in class.Majors

The Western Michigan University Department of Finance and Commercial Law offers undergraduate majors in finance, personal financial planning and general business. Use this information only as a guide; consult the WMU catalog and your academic advisor for details about your program.

Finance

A finance major requires 24 credit hours. This includes the following four required courses (12 credit hours) and four elective courses (12 credit hours):

  • FIN 3100 Introduction to Financial Markets
  • FIN 3200 Business Finance,
  • FIN 3450 Computer Applications in Finance
  • FIN 3510 Investment Analysis
  • Electives are selected in consultation with a faculty advisor. 

Complete requirements for the finance major.

Personal financial planning

A personal financial planning major is comprised of 24 credit hours. This includes the following three required courses (nine hours) and five elective courses (15 hours).

  •  FIN 3100 Introduction to Financial Markets
  • FIN 3200 Business Finance
  • FIN 3510 Investment Analysis
  • Electives are selected in consultation with an FCL advisor

Students who plan to meet the education requirements of the CFP® Certification Exam must take the following courses as electives:

  • FIN 3600 Risk and Insurance
  • FIN 3720 Estate Planning
  • FIN 3730 Retirement Planning and Employee Benefits
  • FIN 4710 Applications in Financial Planning
  • ACTY 3240 Introductory Tax Accounting

Complete requirements for the personal financial planning major.

General business

In addition to the completion of the program requirements for all students pursuing the B.B.A. degree, all students must complete satisfactorily the following courses:

  • Six advanced (3000-level or above) Haworth College of Business courses from the departments of accountancy, business information systems, finance and commercial law, management and marketing with a maximum of two courses from any one department to earn 18 credit hours.

Complete requirements for the general business major.

Minors

The following five minors are offered: finance, general business, insurance, law and real estate. 

Finance

A finance minor is comprised of 15 credit hours for B.B.A. students. These include the three required courses (nine credit hours) and two elective finance and commercial law courses (six credit hours).

  • FIN 3100 Introduction to Financial Markets
  • FIN 3200 Business Finance
  • FIN 3510 Investment Analysis.
  • Non-B.B.A. students are also required to take ACTY 2100 Principles of Accounting and a University statistics course
  • Electives are selected in consultation with a faculty advisor.

Requirements for this minor.

General business

With the exception of general business majors, any student who has completed the B.B.A. program requirements will automatically receive a general business minor. Students pursuing a degree other than a BBA degree may minor in general business by completing the following 18 hours of coursework:

  • BUS 1750 Business Enterprise (three credits). Must be completed during the freshmen or sophomore year.
  • ACTY 2100 Principles of Accounting (three credits)
  • BUS 2700 Information and Communication Infrastructure (three credits)
  • Three of the following four courses (nine credits)
    • FIN 3200 Business Finance
    • Law 3800 Legal Environment (three credits)
    • MGMT 2500 Organizational Behavior (three credits)
    • MKTG 2500 Marketing Principles (three credits)

Requirements for this minor.

Insurance

An insurance minor is comprised of 15 credit hours.

There are two required courses (six credit hours):

  • FIN 3200 Business Finance
  • FIN 3600 Risk and Insurance.

The other three courses (nine credit hours) may be selected from the following:

  • FIN 3510 Investment Analysis, FIN 3710 Personal Financial Planning
  • FIN 3720 Estate Planning
  • FIN 3730 Retirement Planning and Employee Benefits
  • FIN 4480 Internship

Electives are selected in consultation with a faculty advisor.
Requirements for this minor.

Law

A law minor is comprised of the following 15 credit hours:

  • Two required courses (six credit hours) 
    • LAW 3800 Legal Environment
    • LAW 3820 Business Law or LAW 3830 Commercial Law
  • Three elective courses (nine credit hours)  selected in consultation with a faculty advisor.

Requirements for this minor.

Real estate

A real estate minor is comprised of the following 15 credit hours:

  • Two required courses (six credit hours):
    • FIN 3200 Business Finance
    • FIN 3300 Real Estate Fundamentals.
  • Three elective courses (nine credit hours) selected in consultation with a faculty advisor. 

Requirements for this minor.