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>