Finance

John Chalmers, Department Head
Undergraduate Advising Office
203 Peterson Hall

The Department of Finance offers courses in finance and business economics. The curriculum is designed to impart an understanding of the principles of finance and to provide students with analytical training. Courses on financial institutions and markets, financial management, and investments provide an understanding of the application of financial analysis to the solution of business problems.

The department offers a concentration in finance for the undergraduate major in business administration.

Faculty

Deborah J. Bauer, Peter and Molly Powell Distinguished Senior Instructor of Finance (investment strategies, competitive analysis). BS 1997, Bryant; MS, 2001, Oregon. (2001)

Vineet Baghwat, assistant professor (corporate finance, venture capital). BA, BS, 2006, Stanford, PhD, 2013, Northwestern. (2012)

Carl Burgdorfer instructor (wealth management, investments). BS, MBA, 1983, Montana. (2011)

John Chalmers, Abbott Keller Professor in Finance (financial management, investments). BA, 1985, Middlebury; MS, 1992, PhD, 1995, Rochester. (1996)

Diane Del Guercio, Gerry and Marilyn Cameron Professor in Finance (international finance, investments). BA, 1986, California, Santa Barbara; MA, 1989, PhD, 1994, Chicago. (1994)

Jennifer M. Ellis, senior instructor (microeconomics, international finance, monetary economics). BA, 1977, MA, 1978, Essex; PhD, 1992, Oregon. (1997)

Ali Emami, senior instructor (international finance, financial institutions). BS, 1972, National University of Iran; MS, 1980, Oregon; PhD, 1988, Oregon State. (1991)

Roberto C. Gutierrez Jr., associate professor (investments). BS, 1992, Tulane; PhD, 1999, North Carolina, Chapel Hill (2003)

Brandon Julio, assistant professor (corporate finance, international finance). BA, 1998, Brigham Young; MS, 2005, PhD, 2007, Illinois, Urbana-Champaign. (2014)

Xiaoding Liu, assistant professor (corporate finance, corporate governance). BS, 2005, MS, 2006, PhD, 2012, Florida. (2012)

Stephen B. McKeon, assistant professor (corporate finance, behavioral finance). BS, 2000, Oregon; MS, 2009, PhD, 2011, Purdue, West Lafayette. (2011)

Jonathan Moulton, instructor (banking, corporate finance, investments). BS, 1982, Oregon; MBA, 1986, California State, East Bay; Phd, 1995, Oregon. (2011)

Philip J. Romero, professor (economic policy, taxation, business strategy). BA, 1983, Cornell; MA, 1984, PhD, 1988, Rand Graduate. (1999)

Albert Sheen, assistant professor (corporate finance). BA, 1995, Chicago; PhD, 2009, California, Los Angeles. (2014)

Zhi "Jay" Wang, associate professor (investments, hedge funds, corporate finance). BA, 1994, Peking; MS, 1998, PhD, 2000, Iowa State; PhD, 2004, Michigan, Ann Arbor. (2012)

Michael Wismer, instructor (real estate). BA, 1970, MS, 1974, Brigham Young. (1996)

Youchang Wu, associate professor (derivatives, financial management). BS, 1994, MS, 1996, Peking; PhD, 2004, Vienna. (2015)

Emeriti

Larry Y. Dann, professor emeritus. BS, 1967, Northwestern; MBA, 1969, Harvard; PhD, 1980, California, Los Angeles. (1977)

Jerome J. Dasso, professor emeritus. BS, 1951, Purdue; MBA, 1952, Michigan; MS, 1960, PhD, 1964, Wisconsin, Madison. (1966)

Michael H. Hopewell, associate professor emeritus. BA, 1963, MBA, 1967, PhD, 1972, Washington (Seattle). (1969)

Wayne H. Mikkelson, professor emeritus. BA, 1974, Macalester; MS, 1978, PhD, 1980, Rochester. (1984)

George A. Racette, associate professor emeritus. BA, 1966, Stanford; MBA, 1967, Michigan; PhD, 1972, Washington (Seattle). (1974)

The date in parentheses at the end of each entry is the first year on the University of Oregon faculty.

Undergraduate Programs

Academic Requirements

To earn an undergraduate degree in the Lundquist College of Business, a student must be an admitted major in good academic standing with the college and the university. Two sets of requirements must be completed: general university requirements and college requirements.

The college is firmly committed to an undergraduate degree program in business based on a solid foundation in the arts and sciences. Students may not earn two majors in the Lundquist College of Business; in other words, a student who has an undergraduate degree in business administration cannot earn another undergraduate degree from the college. See the Bachelor's Degree Requirements section of this catalog for specific requirements for bachelor’s degrees and for general-education and university requirements.

Students must satisfy the upper-division business core and major requirements in effect when they are admitted as majors.

For a more detailed explanation of requirements for majors, students should pick up the undergraduate degree programs handout in the Advising Office.

Business Premajor Admission

New students planning to earn a bachelor's degree in the Lundquist College of Business enter the university as business premajors. Transfer students and university students from other majors may become business premajors by submitting a Request for Addition or Deletion Major form, available in the Advising Office. Students who seek premajor status in business should meet with an advisor in the college if their GPA is below 3.00. Business premajors typically are not eligible to take most 300- and 400-level business courses. Business premajor status does not guarantee admission to the accounting or business administration major.

Business premajors typically spend the first two years fulfilling general education and premajor requirements.

Premajor Requirements

Junior Standing

Course work of 90 or more credits must be complete.

Cumulative GPA Requirement

Guaranteed admission requires a 3.00 cumulative grade point average in all college course work, including transfer work. The college includes all course work when calculating the cumulative GPA for admission to the major

Holistic Review

Students who have taken all required business premajor course work but fall slightly below the minimum GPA requirements may be considered for admission under a holistic review process. For more details, interested students may visit an academic advisor in 203 Peterson Hall.

English Competence

International students must have a Test of English as a Foreign Language (TOEFL) score of at least 575 (paper-based test), 233 (computer-based test), 89 (Internet-based test), an International English Language Testing System (IELTS) score of 7.0, or have completed the Academic English for International Students (AEIS) program.

Business Premajor Courses

Core Courses 1
BA 101Introduction to Business4
ACTG 211Introduction to Accounting I4
ACTG 213Introduction to Accounting II4
EC 201Introduction to Economic Analysis: Microeconomics4
EC 202Introduction to Economic Analysis: Macroeconomics4
Additional Courses 2
BA 240Managing Business Information4
MATH 241Calculus for Business and Social Science I4
MATH 242Calculus for Business and Social Science II4
MATH 243Introduction to Methods of Probability and Statistics4
Select one of the following:8
College Composition I
and College Composition II
College Composition I
and College Composition III
Total Credits44
1

A 3.00 GPA and a minimum grade of C– in core courses are required for guaranteed admission to the major. Premajor requirements must be taken for letter grades. The university limits retaking of courses in which a P or mid-C or better is earned; a petition will be required.  When repeating a core course, only the second grade is used in calculating the core GPA. Core courses may be repeated only once (including marks of W, N, F, D, C–).

2

Must be taken for letter grades and passed with grades of C– or better.

3

Once admitted to the University of Oregon, premajor core business courses must be taken at the University of Oregon.

Application to the Major

Students must submit a formal application for admission to the major. Students apply for major status one term before they plan to take upper-division business courses.

Applications are due the first week of the term for admission the following term. To be eligible for admission as a major, a student must apply before the term deadline. Applications are not accepted during summer session. Application forms are available on the college website. Students who are completing their final term of business premajor requirements may submit applications.

Bachelor of Arts in Business Administration Degree Requirements

Upper-Division Core

FIN 311Economic Foundations of Competitive Analysis4
MKTG 311Marketing Management4
FIN 316Financial Management4
MGMT 321Managing Organizations4
BE 325Global, Legal, Social Environment of Business4
OBA 330Business Statistics4
OBA 335Operations Management4
OBA 340Business Information Systems4
BA 352Leadership and Communication4
BA 453Business Strategy and Planning4
Total Credits40

Upper-division core courses typically are completed during junior year.

Business Administration Requirements

Seven business courses from at least three business departments 1
General-education requirements54
Nonbusiness breadth requirement courses 224
Global context courses 312
Total Credits90
1

Four of the courses may be taken in one concentration area. Concentrations are optional and do not appear on UO academic transcripts or diplomas.

2

Courses should be an interrelated and coherent set consistent with the student’s career goals. A nonbusiness minor meets this requirement, as does two years of language study. Nonbusiness breadth plans must be approved and on file in the Advising Office; assistance in planning individualized programs is available in the advising office.

3

Courses focus on international, cultural, historical, political, economic, or social issues of a geographic region and the culture of one country or region other than the student’s native country. Language courses beyond the first year satisfy this requirement. Global context plans must be approved by an advisor in the Advising Office.

Concentration: Finance

FIN 380Financial Markets and Investments4
FIN 473Financial Analysis and Valuation4
Select two of the following:8
Derivative Markets and Financial Institutions
International Finance
Commercial Banking

Bachelor of Science in Business Administration Degree Requirements

Upper-Division Core

FIN 311Economic Foundations of Competitive Analysis4
MKTG 311Marketing Management4
FIN 316Financial Management4
MGMT 321Managing Organizations4
BE 325Global, Legal, Social Environment of Business4
OBA 330Business Statistics4
OBA 335Operations Management4
OBA 340Business Information Systems4
BA 352Leadership and Communication4
BA 453Business Strategy and Planning4
Total Credits40

Upper-division core courses typically are completed during junior year.

Business Administration Requirements

Seven business courses from at least three business departments 1
General-education requirements54
Nonbusiness breadth requirement courses 224
Global context courses 312
Total Credits90
1

Four of the courses may be taken in one concentration area. Concentrations are optional and do not appear on UO academic transcripts or diplomas.

2

Courses should be an interrelated and coherent set consistent with the student’s career goals. A nonbusiness minor meets this requirement, as does two years of language study. Nonbusiness breadth plans must be approved and on file in the Advising Office; assistance in planning individualized programs is available in the advising office.

3

Courses focus on international, cultural, historical, political, economic, or social issues of a geographic region and the culture of one country or region other than the student’s native country. Language courses beyond the first year satisfy this requirement. Global context plans must be approved by an advisor in the Advising Office.

Definitions, Limitations, and Policies

Transfer Students

The sequential nature of this program requires careful academic planning. Students who want to transfer to the college are encouraged to meet with an advisor in the Lundquist College of Business early in their academic careers. Students are admitted to the university as business premajors. Once admitted, they may apply for major status in accordance with the procedure described. Applications are due the first Friday of the term for admission the following term.

Second Bachelor’s Degree

A student who has a bachelor’s or master’s degree in a field of business administration may not earn a second bachelor’s degree in business. Students who have earned a nonbusiness degree and want a second degree in a field of business must be admitted to the university as postbaccalaureate nongraduate students. Second-degree candidates must meet the same admission requirements and follow the same application process described.

Students retain business premajor status until admission requirements are completed or waived because of completed course work. Second-degree students must complete the same upper-division requirements as first-degree candidates. The Second Bachelor’s Degree section of this catalog, under Bachelor's Degree Requirements, lists university requirements for a second bachelor’s degree; the Undergraduate Advising office has information about Lundquist College requirements.

Residence Requirement

Students must complete a minimum of 44 upper-division credits in regularly scheduled Lundquist College of Business courses. With the department head’s approval, credits may be transferred from other accredited institutions, independent study, or approved courses in other departments.  Accounting majors must complete all upper-division accounting courses at the University of Oregon.

Grading

Premajor required courses and upper-division courses must be taken for letter grades and passed with grades of C– or better. See the Registration and Academic Policies section of this catalog for an explanation of the university’s grading systems.

Upper-Division Courses

Courses for the minor are open to nonmajors, and courses for the certificate in international business communication are open to students whose native language is not English. Only admitted majors in the Lundquist College of Business may enroll in all other 300- and 400-level business courses.

Continuous Progress

Students who do not attend the university for an extended period of time after being admitted as a major may be required to reapply for admission and fulfill current major requirements if the UO Catalog for the last year of attendance has expired. See Catalog Expiration and Requirements Policies in the Reader's Guide to the Catalog.

Business Administration Minor

All professions and organizations, public and private, operate according to business principles. Earning a minor in business administration prepares students to participate in organizational conversations and become leaders within their future professions. The minor in business administration is open to students from all majors other than business administration and accounting. Completing the minor requires 24 credits of course work, which can be completed in one academic year.

Students can declare a minor in business administration online at the college’s website, where a checklist of requirements can be found. Advising assistance is available in the Undergraduate Advising office.

Twelve upper-division credits must be taken in the Lundquist College of Business. Upper-division business courses must be taken for letter grades. Students must earn a C– or better in all courses taken for a letter grade to fulfill minor requirements. When minor requirements have been completed and notification of application for a degree has been received from the Office of the Registrar, the student is cleared for the minor.

Lower Division
BA 101Introduction to Business4
ACTG 211Introduction to Accounting I4
or BA 215 Accounting: Language of Business Decisions
Upper Division
BA 315Economy, Industry, and Competitive Analysis4
BA 316Management: Creating Value through People4
BA 317Marketing: Creating Value for Customers4
BA 318Finance: Creating Value through Capital4
Total Credits24

Four-Year Degree Plan

The degree plan shown is only a sample of how students may complete their degrees in four years. There are alternative ways. Students should consult their advisor to determine the best path for them.

Bachelor of Arts in Business Administration

Degree Map
First Year
FallMilestonesCredits
BA 101 Introduction to Business Aim for a B or higher. Review the holistic requirements for admission to the major and establish a plan for developing these traits4
BA 199 Special Studies: [Topic] Academic Residential Community or FIG seminar. Attend study abroad and club fairs in first quarter1
MATH 111 College Algebra Beginning math course may change per placement or transfer work4
TLC 199 Special Studies: [Topic] (Study Skills Workshop) 1
First term of first-year second-language sequence Two years (six terms) of a language can fulfill both Non-Business Breadth and Global Context requirements for business major5
 Credits 15
Winter
EC 201 Introduction to Economic Analysis: Microeconomics Aim for a B or higher. Get involved in a club or activity4
Second term of first-year second-language sequence Use Career Services to write an evidence-based cover letter and resume5
MATH 241 Calculus for Business and Social Science I Meet with a Lundquist Academic advisor to make a long-term plan4
WR 121 College Composition I 4
 Credits 17
Spring
EC 202 Introduction to Economic Analysis: Macroeconomics Aim for a B or higher. Access resources for additional academic success (TLC, tutoring)4
Third term of first-year second-language sequence Consider applying for the job shadow program5
MATH 242 Calculus for Business and Social Science II 4
WR 122
College Composition II
or College Composition III
Plan to attend the spring career fair to network and learn4
 Credits 17
 Total Credits 49
Degree Map
Second Year
FallMilestonesCredits
ACTG 211 Introduction to Accounting I Aim for a B or higher. Meet an advisor regarding progress toward admission (203 Peterson)4
MATH 243 Introduction to Methods of Probability and Statistics Take a leadership role in club or activity4
First term of second-year second-language sequence Learn to use Duck Connect4-5
Social science course that also satisfies a multicultural requirement 4
 Credits 16-17
Winter
ACTG 213 Introduction to Accounting II Aim for a B or higher. Prepare major application materials4
Arts and letters course that also satisfies a multicultural requirement See Lundquist Peer Educator about informational interviews (LIL 240)4
Second term of second-year second-language sequence Complete a practice interview on interview stream (on Duck Connect)4-5
General education course in science 4
 Credits 16-17
Spring
BA 240 Managing Business Information A 3.00 cumulative and core GPA are required for automatic admission4
General education courses in arts and letters Apply for business administration major within the first week of the term you are completing business premajor requirements8
Third term of second-year second-language sequence Language courses through 203 will be applied toward a Bachelor of Arts. Conduct informational interviews to learn about career options4-5
 Credits 16-17
 Total Credits 48-51
Degree Map
Third Year
FallMilestonesCredits
BA 352 Leadership and Communication If studying abroad, select program and finalize term to attend4
FIN 311 Economic Foundations of Competitive Analysis Explore concentrations and narrow down your choices4
OBA 330 Business Statistics Update resume and have reviewed by Career Services4
 Credits 12
Winter
FIN 316 Financial Management Attend career fairs throughout the year4
MGMT 321 Managing Organizations Apply for summer internships4
MKTG 311 Marketing Management Aim to keep cumulative GPA above 3.0 for internships and jobs4
General education course in arts and letters 4
 Credits 16
Spring
OBA 340 Business Information Systems Utilize networking events and resources4
OBA 335 Operations Management Meet with Lundquist advisor to revise long-term plan to meet academic goals and strategize how to strengthen weak areas for career goals4
Upper-division business elective courses 8
 Credits 16
 Total Credits 44
Degree Map
Fourth Year
FallMilestonesCredits
BE 325 Global, Legal, Social Environment of Business Check in with career advisor regarding strategy for job search (LIL 240)4
Upper-division business elective courses Some electives are required to meet 180 credits8
Elective course 4
 Credits 16
Winter
BA 453 Business Strategy and Planning Requires senior standing and completion of all 300-level business core classes. Apply for degree completion through DuckWeb4
Upper-division business elective courses 8
 Credits 12
Spring
Upper-division business elective courses Register for commencement ceremony8
Elective course 4
 Credits 12
 Total Credits 40

Bachelor of Science in Business Administration

Degree Map
First Year
FallMilestonesCredits
BA 101 Introduction to Business Aim for a B or higher. Review the holistic requirements for admission t the major and establish a plan for developing these traits4
MATH 111 College Algebra Beginning math course may change per placement or transfer work. Attend study abroad and club fairs in the first quarter4
BA 199 Special Studies: [Topic] Academic Residential Community or FIG seminar1
Arts and letters course that also satisfies a multicultural requirement Two years (six terms) of a language can fulfill both Non-business breadth and Global Context requirements for business major4
General education course in social science 4
 Credits 17
Winter
EC 201 Introduction to Economic Analysis: Microeconomics Aim for a B or higher. Use Career Services to write an evidence-based cover letter and resume4
MATH 241 Calculus for Business and Social Science I Meet a Lundquist Academic advisor to make a long-term plan4
WR 121 College Composition I 4
General education course in arts and letters 4
 Credits 16
Spring
EC 202 Introduction to Economic Analysis: Macroeconomics Aim for a B or higher. Consider applying for the job shadow program4
MATH 242 Calculus for Business and Social Science II Plan to attend the spring career fair to network and learn4
WR 122
College Composition II
or College Composition III
4
Arts and letters course that also satisfies a multicultural requirement Access resources for additional academic success (TLC, tutoring)4
 Credits 16
 Total Credits 49
Degree Map
Second Year
FallMilestonesCredits
ACTG 211 Introduction to Accounting I Aim for a B or higher. Meet an advisor regarding progress toward admission (Peterson 203)4
MATH 243 Introduction to Methods of Probability and Statistics Take a leadership role in a club or activity4
General education course in arts and letters with a global context Learn to use Duck Connect4
Course with global context subject matter 4
 Credits 16
Winter
ACTG 213 Introduction to Accounting II Aim for a B or higher. Prepare major application materials4
Elective course Meet Lundquist Peer Educator about informational interviews (LIL 240)4
General education courses in science Complete a practice interview on Interview Stream (Duck Connect)8
 Credits 16
Spring
BA 240 Managing Business Information A 3.00 cumulative and core GPA are required for automatic admission4
Elective courses Apply for business administration major within the first week of the term you are completing business premajor requirements8
General education course in science Conduct informational interviews to learn about career options. Submit a Non-Business Breadth/Global Context proposal for approval4
 Credits 16
 Total Credits 48
Degree Map
Third Year
FallMilestonesCredits
BA 352 Leadership and Communication If studying abroad, select a program and finalize term to attend4
MGMT 321 Managing Organizations Explore concentrations and narrow down your choices4
OBA 330 Business Statistics Update resume and have reviewed by Career Services4
 Credits 12
Winter
FIN 316 Financial Management Attend career fairs throughout the year4
MKTG 311 Marketing Management Apply for summer internships4
OBA 335 Operations Management Aim for a cumulative GPA above 3.0 for internships, jobs or graduate school4
Elective course 4
 Credits 16
Spring
FIN 311 Economic Foundations of Competitive Analysis Utilize networking events and resources4
OBA 340 Business Information Systems Meet with Lundquist advisor to revise long-term plan to meet academic goals and strategize how to strengthen weak areas for career goals4
Upper-division business elective course 4
Elective course 4
 Credits 16
 Total Credits 44
Degree Map
Fourth Year
FallMilestonesCredits
BE 325 Global, Legal, Social Environment of Business Check in with career advisor regarding strategy for job search (LIL 240)4
Upper-division business elective courses 12
 Credits 16
Winter
BA 453 Business Strategy and Planning Requires senior standing and completion of all 300-level business core courses. Apply for degree completion through DuckWeb4
Upper-division business elective course 4
Course with global context subject matter 4
 Credits 12
Spring
Upper-division business elective courses Register for commencement ceremony8
Elective course 4
 Credits 12
 Total Credits 40

Graduate Programs

Master of Business Administration

302 Peterson Hall
Lillis Business Complex
541-346-3306
541-346-0073 fax

The Lundquist College of Business MBA degree embodies the college’s emphasis on interdisciplinary study, experiential learning, research excellence, and a supportive learning environment.

True to this interdisciplinary focus, the MBA curriculum consists of four tracks: innovation and entrepreneurship, finance and securities analysis, sports business, and sustainable business practices. Building on a common core of foundational courses in accounting, decision sciences, finance, management, and marketing, students must choose one of these curricular tracks when applying to the program.

The four tracks of the MBA curriculum are aligned with the college’s centers—the Lundquist Center for Entrepreneurship, the Finance and Securities Analysis Center, the Center for Sustainable Business Practices, and the James H. Warsaw Sports Marketing Center. The centers not only promote research collaboration among faculty members from different departments, but they also facilitate student interactions with industry professionals and provide practical, real-world learning opportunities. These include internships, business planning ventures, competitions, and one- or two-term consulting projects in the second year. In addition, the Leadership and Communication Center works with students on professional skills assessment, leadership, and team dynamics as well as presentation and other communication skills, beginning with an extended orientation.

Strong faculty involvement and the state-of-the art facilities of the Lillis Business Complex create an ideal learning environment. An emphasis on group work ensures that students get to know one another and their instructors well. In addition, a strong cohort model aids in developing solid working relationships and strong friendships. Finally, students may choose to enhance their international education by studying abroad in the summer on the Engaging Asia tour.

Virtually all MBA students come to the university with work experience; the average is four years. About one-third are women; two thirds hold a nonbusiness bachelor’s degree; and one-fifth are international students. The program draws students from across the United States and 12 to 15 countries.

Two years of full-time study are needed to earn the minimum of 76 credits required for the degree. See Accelerated Program for information about the nine- or 11-month accelerated program. See Administration of the Master’s Degree Programs for admission requirements.

Accelerated Program

The accelerated master’s degree program is intensive, allowing outstanding undergraduate business majors from an institution accredited by the Association to Advance Collegiate Schools of Business (AACSB International) to earn an MBA degree in nine or 11 months (three or four terms) by taking 15 courses (a minimum of 45 credits) in three or four terms. Applicants should have full-time work experience. Students must choose one of the four tracks listed above. Admission is accepted for fall, winter, or spring terms.

Master of Science in Finance

302G Peterson Hall
Lillis Business Complex
541-346-8786

The master of science in finance is a 12-month program with an emphasis on valuation and asset management designed for students who recently graduated with majors in science, technology, engineering, mathematics, business, economics, or equivalent subjects.

The curriculum is designed to provide students with insights from the most advanced theoretical and empirical research in finance while attending quarterly professional development seminars. Through the UO's Cameron Center for Finance and Securities Analysis, students have the opportunity to practice securities analysis and portfolio management in a live environment with access to the Pacific Northwest's financial, banking, and investment industry.

Program Requirements

The program requires an undergraduate degree in science, technology, engineering, mathematics, business, economics, or equivalent subjects.

Course Requirements

Students complete the program in 12 months (four terms). The curriculum consists of six core courses plus electives, totaling a minimum of 45 credits. The plan of study for the electives is determined by the student and the program director.

Visit the college's master of science in finance website for more information.

Oregon Executive MBA

200 SW Market St., Suite L101
Portland, Oregon 97201
503-276-3622
866-996-3622 toll free
503-276-3626 fax
oemba.uoregon.edu
oemba@uoregon.edu

The University of Oregon offers the two-year Oregon Executive Master of Business Administration (OEMBA) Program for employed mid- to senior-level executives. Classes are held in Portland every other week. In addition to meeting standard admission criteria, applicants to this program must have substantial managerial experience and corporate sponsorship. Courses are open only to students who apply and are admitted to this program.

Master of Science or Master of Arts

The master of arts (MA) degree in finance, management, marketing, and operations and business analytics and the master of science (MS) degree in management, marketing, and operations and business analytics are awarded exclusively to students who are enrolled in a PhD program. The MA degree requires competence in a second language. The requirements are as follows:

  1. Completion of the AACSB International core areas as specified by the department in the Graduate School of Management in which the majority of specialization takes place. For students without academic preparation in business, completion of the common body of business knowledge usually amounts to satisfying the MBA core courses. The manner in which this requirement is satisfied is determined by the student in consultation with his or her program committee and subject to approval
  2. Completion of a minimum of 45 graduate credits beyond the MBA core courses. These should include the following:
    1. A minimum of 18 credits of course work in the primary area of specialization. A majority of this work should be taken in the college. However, specialization is defined by a subject of study and is not limited to courses offered by one department or by the Graduate School of Management
    2. A minimum of 12 credits of course work in a secondary area of study either in the Graduate School of Management or in a related field
    3. A maximum of 15 credits in electives. A maximum of 9 credits of Thesis (503) can be taken at the option of the student and the program committee. For students choosing to complete a thesis, the number of credits taken for the thesis is deducted from the required number of elective credits
    4. A minimum of 27 graduate credits taken in the Graduate School of Management
  3. Approval of the proposed program of study by a program committee of at least two faculty members. At least one faculty member must be from the department in which the majority of specialization courses are taken:
    1. The composition of the program committee must be approved by the director of doctoral programs
    2. An approved program of study must be submitted before any courses beyond the common body of business knowledge can be taken
  4. If a thesis is undertaken, approval is required by a thesis committee of at least two faculty members. At least one faculty member must be from the department in which the majority of specialization courses is taken
    1. The composition of the thesis committee must be approved by the director of doctoral programs. The thesis committee may have different members than the program committee
    2. A thesis proposal must be approved in writing by all members of the thesis committee and submitted to the assistant dean for graduate programs before substantial work is undertaken on the thesis
    3. In case of disagreement between thesis committee members over the acceptability of the thesis, the issue is resolved by an ad hoc committee of at least three faculty members appointed by the head of the department in which the majority of specialization courses has been taken
  5. Computer competence. Details of this requirement appear under Undergraduate Programs

Doctoral Programs

The focus is financial economics applied to financial management, financial institutions and markets, and includes course work in microeconomics, statistics, and econometrics. Specializations are corporate finance, corporate governance, managed portfolios and institutional investors, empirical asset pricing.

The student’s program must satisfy the requirements of the Graduate School and the following requirements of the Lundquist College of Business.

The doctoral program requires four to five years of work while in residence on the Eugene campus.

PhD Degree Requirements

Nine doctoral courses 1
Five or more graduate-level statistics courses 2
Three graduate-level economics, mathematics, or behavioral science courses 3
1

The department specifies the courses. At least three courses must be taken at the University of Oregon after admission to the doctoral program.

2

Grades of mid-B or better are required; none of these courses may be taken pass/no pass. These courses may be taken outside the Lundquist College of Business. At least three courses must be completed at the university after admission to the doctoral program.

3

Courses in these areas of study are subject to final approval by the student's advisory committee and the director of doctoral programs. Each course used to meet this area requirement must be passed with a grade of mid-B or better, and at least two courses must be completed at the university after admission to the doctoral program.

Competence in Specialty

Students are expected to master the literature and techniques in their area of concentration, prepare to write an acceptable dissertation, and perform high-quality research. Competence is demonstrated by passing a departmental written comprehensive examination and by successfully completing one or more required research papers. The department specifies the number of required papers. To be eligible to take a comprehensive examination, students must have completed most of the course work required in the area.

Competence in Statistics and Research Methods

If the department requires an examination in statistics and research methods, it is administered and graded by a committee that includes at least two operations and business analytics faculty members appointed by the director of doctoral programs.

Examinations

Students must pass one written comprehensive examination in their area of concentration. Examinations are graded high pass, pass, or no pass. For examinations given in separate and predesignated parts, the grade may apply to each subpart. All grades are outright; a conditional pass is not permitted.

In the event of failure, a student may be allowed to retake a comprehensive examination or predesignated subpart one time, at the discretion of the department in which the student is majoring. Normally, the examination or predesignated subpart should be retaken during the term following the initial attempt, but it may be taken no sooner than two months after the initial attempt. Failure to pass the comprehensive examination or a subpart on the second attempt results in automatic termination from the PhD program.

Advancement to Candidacy

The student is advanced to candidacy for the PhD degree after satisfying the preceding requirements and upon recommendation by his or her advisory committee to the Lundquist College of Business and to the Graduate School. Advancement must occur no later than three years after the student’s entry into the doctoral program.

Dissertation

The student must complete a dissertation embodying the results of research and showing evidence of originality and ability in independent investigation. The dissertation must show mastery of the literature and techniques, be written in creditable literary form, and make a contribution to knowledge.

The student is responsible for formation of a dissertation committee, subject to approval by the Lundquist College of Business and the Graduate School of the university. This committee includes at least three regular faculty members of the college and at least one member from outside the college. The chair of the committee serves as the student’s primary dissertation advisor. Before the dissertation topic is accepted by the dissertation committee, the student makes an oral presentation and defense of the research proposal and design. When the topic is accepted by the committee, a copy of the proposal, signed as approved by the committee, is placed in the candidate’s file.

The dissertation must be completed within four years of the student’s advancement to candidacy. Upon petition to and approval by the PhD program committee and the Graduate School, this period may be extended for one year. Failure to complete the dissertation within this time period invalidates the student’s comprehensive examinations and advancement to candidacy. The student must successfully defend the completed dissertation in a public oral examination and defense before the dissertation committee.

Grade Point Average (GPA)

The student must maintain a cumulative GPA of 3.00 or higher in graduate courses.

Termination from Program

A student’s participation in the PhD program may be terminated under one or more of the following conditions:

  • failure to make satisfactory progress toward advancement to candidacy
  • a GPA below 3.00 for two consecutive terms
  • failure to complete a dissertation within four years after advancement to candidacy

The decision to terminate will be made by the director of the PhD program after consultation with the PhD coordinator and faculty members of the department in which the student is majoring.

A student dropped from the program is notified in writing, with reasons for termination clearly explained, and a copy of the letter is placed in the student's file.  The student has the right to appeal the termination decision by submitting a petition to the senior associate dean for academic affairs.

Waivers

Waiver of any of the above requirements is permitted only in exceptional instances and with the approval of the candidate’s program committee, the PhD program committee, and the director of PhD programs. Under no circumstances can requirements of the Graduate School be waived by the Lundquist College of Business.

Courses

Course usage information

FIN 199. Special Studies: [Topic]. 1-5 Credits.

Repeatable.

Course usage information

FIN 240. Survey of Real Estate. 4 Credits.

Basics of buying, selling, and leasing real estate. Overview of real estate law, commercial and residential brokerage, real estate financing, and real estate administration.
Not open to LCB majors or prebusiness majors with junior standing or above.

Course usage information

FIN 281. Personal Finance. 4 Credits.

Overview of lifetime personal financial strategies. Topics include financial goals and building net worth, major purchasing decisions, credit use, tax planning, retirement, and estate planning.
Not open to LCB majors, prebusiness majors with junior standing or above.

Course usage information

FIN 283. The Stock Market and Investing. 4 Credits.

Investments and the stock market, securities and approaches to security selection, portfolio composition and structure.
Not open to LCB majors, prebusiness majors with junior standing or above, or students who have credit for FIN 380.

Course usage information

FIN 311. Economic Foundations of Competitive Analysis. 4 Credits.

Analysis of market competition and its relation to product cost and pricing decisions by the firm. Students may receive credit for only one of EC 311, FIN 311, or FIN 311H.

Course usage information

FIN 311H. Economic Foundations of Competitive Analysis. 4 Credits.

Analyzes the competitive structure of markets and industries. Focuses on the relationships among cost, pricing strategy and economic profit in competitive environments. Students may receive credit for only one of EC 311, FIN 311, or FIN 311H.
Prereq: open only to students in the LCB honors program.

Course usage information

FIN 316. Financial Management. 4 Credits.

Corporate financial planning, selection among alternative investment opportunities, analysis of risk, funds acquisition, and long-term financing. Students cannot receive credit for both FIN 316 and FIN 316H.

Course usage information

FIN 316H. Financial Management. 4 Credits.

Covers the fundamental tools and concepts of finance, including the evaluation of investment opportunities and the relation between risk and return Students cannot receive credit for both FIN 316 and FIN 316H.
Prereq: open only to students in the LCB honors program.

Course usage information

FIN 380. Financial Markets and Investments. 4 Credits.

Financial markets and security investment decisions, analysis of risk and return, portfolio policies for individual and institutional investors, financial instruments.
Prereq: FlN 316, OBA 330.

Course usage information

FIN 401. Research: [Topic]. 1-21 Credits.

Repeatable.

Course usage information

FIN 403. Thesis. 1-12 Credits.

Repeatable.

Course usage information

FIN 405. Reading and Conference: [Topic]. 1-21 Credits.

Repeatable.

Course usage information

FIN 406. Special Problems: [Topic]. 1-4 Credits.

Repeatable.

Course usage information

FIN 407. Seminar: [Topic]. 4 Credits.

Repeatable.

Course usage information

FIN 409. Practicum: [Topic]. 1-12 Credits.

Repeatable.

Course usage information

FIN 410. Experimental Course: [Topic]. 1-4 Credits.

Repeatable.

Course usage information

FIN 462. Derivative Markets and Financial Institutions. 4 Credits.

Valuation of financial derivatives, methodologies for identifying firms' risk exposures, the role of risk management and financial derivatives in corporate strategy, and analysis of financial institutions.
Prereq: FIN 316.

Course usage information

FIN 463. International Finance. 4 Credits.

Analysis of currency exchange rates, balance of payments; management of foreign exchange risk; risk and return in international investment.
Prereq: FIN 316.

Course usage information

FIN 464. Commercial Banking. 4 Credits.

Operation and pricing policies of a commercial bank, concentrating on management of institutions that take deposits and make loans and investments through the use of computer-simulated banking operations.
Prereq: FIN 316.

Course usage information

FIN 473. Financial Analysis and Valuation. 4 Credits.

Topics include working capital management, advanced capital budgeting, dividend policy, financing policy, business valuation, and corporate acquisitions.
Prereq: FIN 380.

Course usage information

FIN 503. Thesis. 1-16 Credits.

Repeatable.

Course usage information

FIN 510. Experimental Course: [Topic]. 1-4 Credits.

Repeatable.

Course usage information

FIN 562. Derivative Markets and Financial Institutions. 4 Credits.

Valuation of financial derivatives, methodologies for identifying firms' risk exposures, the role of risk management and financial derivatives in corporate strategy, and analysis of financial institutions.
Prereq: FIN 380 or FIN 612.

Course usage information

FIN 564. Commercial Banking. 4 Credits.

Operation and pricing policies of a commercial bank, concentrating on management of institutions that take deposits and make loans and investments through the use of computer-simulated banking operations.

Course usage information

FIN 601. Research: [Topic]. 1-16 Credits.

Repeatable.

Course usage information

FIN 603. Dissertation. 1-16 Credits.

Repeatable.

Course usage information

FIN 605. Reading and Conference: [Topic]. 1-12 Credits.

Repeatable.

Course usage information

FIN 607. Seminar: [Topic]. 1-5 Credits.

Repeatable.

Course usage information

FIN 608. Special Topics: [Topic]. 1-12 Credits.

Repeatable.

Course usage information

FIN 609. Practicum: [Topic]. 1-9 Credits.

Repeatable.

Course usage information

FIN 610. Experimental Course: [Topic]. 1-5 Credits.

Repeatable.

Course usage information

FIN 612. Fundamentals of Finance. 3 Credits.

Covers the fundamental theories and tools of financial analysis. Topics include valuation, capital budgeting, risk and return, market efficiency, and financial policies. Sequence with FIN 613.

Course usage information

FIN 613. Managerial Economics. 3 Credits.

Covers the fundamental theories and tools of economic and strategic analysis. Topics include demand and supply, pricing strategies, and perfect and imperfect competition. Sequence with FIN 612.
Prereq: FIN 612.

Course usage information

FIN 615. Quantitative Methods for Finance. 3 Credits.

Mathematical and statistical tools fundamental to financial analysis; measuring returns and risk, probability models, statistical inference, regression analysis, all with applications to finance.

Course usage information

FIN 663. International Financial Management. 3 Credits.

International monetary system and its implications for exchange rate determination. Determinants of foreign investments, characteristics of international financial institutions, and the relationship between international and domestic markets.
Prereq: completion of first-year M.B.A. core.

Course usage information

FIN 671. Corporate Finance and Valuation. 3 Credits.

Application of financial principles to problems of valuation, capital budgeting, and financial policy.
Prereq: FIN 612.

Course usage information

FIN 673. Advanced Topics in Corporate Finance. 3 Credits.

Cases dealing with financial analysis, working-capital management, valuation, and firm investment and financing decisions.
Prereq: completion of first-year M.B.A. core.

Course usage information

FIN 675. Fixed Income Securities. 3 Credits.

Theoretical, empirical, and institutional aspects of fixed-income securities and their derivatives; application of these tools to managerial decisions in other contexts.
Prereq: completion of first-year MBA core.

Course usage information

FIN 683. Concepts of Investments. 3 Credits.

Securities markets; risk-return characteristics of investment media; concepts of security analysis; investment and portfolio strategies of individual and institutional investors.
Prereq: completion of first-year M.B.A. core.