Banking and Financial Services Minor
Position yourself for a high-paying career in banking.
Bank executives are actively recruiting management talent - especially in small towns and rural communities. Salaries at home-town banks are very good compared to local income. EKU Finance is working with local bankers on internships and scholarships to develop banking managers for their area.
Open to all majors.
Management opportunities abound for students in Accounting, Computer Science, Economics, Finance, Human Resources, Mathematics, Network Security, Public Relations, and Statistics to name a few. A minor in Banking and Financial Institutions will position you for this high-demand career.
Recent turmoil in financial markets has demonstrated the need for knowledge of monetary policy and financial services in all professions. Regardless of your career industry, you will benefit from an understanding of the financial system.
Minor in Banking and Financial Services (24 hours)
The minor in financial services (banking) is designed to provide students with an understanding of monetary policy and its impact on our economy, global financial markets and the structure and operation of financial institutions. This coursework will prepare students to understand current events related to financial markets and institutions, how to optimally utilize the corporate and consumer products and services provided by financial institutions and management of financial institutions.
Students with a minor in financial services must earn at least 12 hours of the total hours at EKU and maintain a cumulative GPA of 2.0 in all courses comprising the minor. This 24-hour minor includes the following courses:
ACC 201 Introduction to Financial Accounting. (3) I, II.
Prerequisite: STA 215 or 270 or MAT 105 or higher. A user’s approach to understanding financial accounting and reporting, emphasizing how creditors, investors, and others use accounting information in decision making and why financial accounting information is important to these users.
ECO 231 Principles of Macroeconomics. (3) I, II.
Prerequisite: completion of developmental requirements. For students with a composite ACT score of less than 21, completion of ECO 120 or 130 is strongly recommended prior to taking this course. Macroeconomic principles, including the study of measures of national economic performance, determinants of aggregate production, employment and prices, monetary and fiscal policy, balance of payments, economic growth and development. Gen. Ed. E-5B [SB].
ECO 324 Money and Banking. (3) A.
Prerequisite: ECO 231. Functions of money, monetary systems, history of banking, functions of the commercial bank, bank assets and reserves, loans and discounts, bank supervision, the Federal Reserve System, central banking policies, monetary and fiscal policies.
FIN 201 Personal Money Management. (3) I, II.
A consumer approach to insurance, family budgeting, income taxes, elementary investment principles, and estate planning. Credit will not be awarded for both FIN 201 and FRM 352.
FIN 304 Financial Institutions. (3) I, II.
Prerequisite: FIN 300. A survey of the evolution of financial institutions, including the impact of regulation and deregulation.
FIN 310 Entrepreneurial Finance. (3) I, II.
Selection of business form, tax planning, financing and cash flow planning; motivating and retaining employees; compensation planning; debt and equity financing; legal, tax and behavioral considerations.
FIN 315 Financial Statement and Loan Analysis. (3) A.
Prerequisites: ACC 201, ECO 324, FIN 304, FIN 310 with a grade of “C” or better in each course. This course introduces the fundamentals of financial analysis for the purpose of credit analysis from the perspective of commercial banks. Students will learn from case studies adapted from real life examples to develop an understanding of credit risk, the development of lending policies and procedures, pricing loans and expectations of risk and return.
FIN 437 Bank Management. (3) A.
Prerequisites: ACC 201, ECO 324, FIN 304, FIN 310, FIN 315 with a grade of “C” or better in each course. A synthesis of the financial concepts and theories learned in previous finance courses. The student will develop a quantitative and qualitative understanding of financial institutions management and how decisions are made. This course includes a bank management simulation activity.