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Banking and Financial Services, Economics, and Finance
Banking and Financial Services
The Banking and Financial Services major prepares students for careers in all aspects of the financial industry, which include banking, insurance, credit unions and federal/state regulatory agencies.
Leveraging off of the general business core courses, the financial services classes are focused on giving the student a broad-based understanding of the domestic and international financial services business and preparing them for long term careers as leaders in the industry.
Classes include Lending and Credit Risk, Community Banking Issues, Banking Regulation and Compliance, and Asset and Liability Management. An internship with a bank or financial institution is a requirement for the banking major and helps prepare graduates for positions in the industry.
Successful graduates of the Banking & Financial Services degree have careers in money center and community banks, regulatory agencies, and in various companies in the insurance industry.
Economics
Economic reasoning provides a rational basis for practically every decision we make, such as buying a car or house, choosing among job offers, making investments, formulating optimal government policies, or managing an enterprise. The study of economics provides a thorough understanding of the functioning of our economic system and the organization and operation of business enterprise within the system. Students of economics seek to understand the decisions of businesses, consumers, and current economic issues by developing a systematic and thorough understanding of precisely how the economic system operates. Students of economics are versatile thinkers and problem-solvers who will provide leadership in the 21st century.
Economics majors gain advanced knowledge in economic reasoning and explore the major issues that confront our nation and the global community. They learn about the changing environment and life’s choices and gain competency in the areas of microeconomics, macroeconomics, monetary theory and policy, and international economics. Northern’s Economics program combines classroom discussions, simulations, case studies, and real life situations to enhance student learning.
A degree in economics from Northern State University prepares students for careers in economics, banking, insurance, brokerage, finance, corporate consulting, and government. In addition, this solid academic foundation provides successful preparation for professional and graduate programs, particularly in economics, finance, law, foreign service, labor relations, or business administration.
Finance
Finance is critical to all business enterprise. Finance is applicable to all aspects of business and the domestic and international economy. At the micro level it is concerned with portfolio analysis, a firm’s capital structure, and risk analysis. At the macro level we study the banking system, the role of the Federal Reserve in monetary policy, and international finance and exchange rate issues. There are three main areas of finance: financial management deals with the allocation of financial resources within the firm; the investments area examines the task of choosing securities and investment portfolios; and financial institutions and markets study the allocation of financial capital in the national and global economy.
The Finance major provides students with the professional tools necessary for work in domestic and international investment management, corporate financial management, and banking. The objective of the major in Finance is to provide students with a foundation of knowledge and a set of skills to enable them to perform successfully in finance-related fields. Finance majors study both the sources of capital and the uses of capital. Students of finance will study aspects of cash and financial management critical to business growth and success. Students at Northern State University can experience hands on investment experience by participating in the Wolves Money Management program.
The field of finance offers a broad and varied range of employment opportunities for the qualified individual. Many graduates are hired by financial institutions such as banks, insurance, and financial companies. Students who graduate with a major in Finance can take the Chartered Financial Analysts (CFA) exam which allows for a career in money management. Additionally, the Finance curriculum prepares students for continued studies in graduate school.
Course Catalog
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