The finance program prepares students for positions in financial and industrial firms, consulting, and in government organizations. Our students demonstrate a strong capability for financial analysis, for working with financial data, and in communicating effectively. All students have capability in the corporate as well as investment settings.
- Bachelor of Science, major and minor
- Approximately 110 undergraduate and graduate students currently enrolled.
Cooperative Education & Experiential Education Component
- Undergraduate students are required to complete one semester or two summers of Cooperative Education.
BS Co-op: $15.52 $9.00 - $40.00
BS: $54,000 $40,000 - $75,000
Student Skills & Capabilities
- High quality technical knowledge and effective communication and presentation skills with in-depth understanding of the complex economic, legal and financial environment in which they operate.
- Strong functional skills in the area of concentration with broad knowledge of theory and application background of finance concepts from the following major courses:
o Valuation of Real and Financial Assets- In this course, students learn to obtain and organize financial data and conduct financial analysis such as discounted cash flow analysis, risk analysis and financial forecasting. Sources of data include web-based sources and proprietary databases. Excel will be the main software tool.
o Managing Assets and Liabilities- Focuses on corporate financial management. Asset management topics include working capital management and advanced capital budgeting. Liability management topics include dividend policy, capital structure policy, security issuance and leasing.
o Financial Modeling – A critical course in which students learn how to use spreadsheets in a systematic manner to model and solve financial problems. Included among the many problems studied are methods to diagnose financial performance, forecasting cash flows, and forecasting financing requirements.
o Intermediate Investments- focuses on the financial investment problems faced by individuals and institutions. Theoretical topics include asset pricing, hedging and arbitrage. Application topics include risk management in bond and stock portfolio context. A discussion of options, futures and swaps is also included.
AccreditationAssociation to Advance Collegiate Schools of Business International (AACSB) representing the top 5% of all business schools worldwide. Middle States Association of Colleges and Schools
Saunders College of Business undergraduate and graduate programs are among ‘The Best 294 Business Schools’ according to The Princeton Review. US News & World Report 2017 Best Business School Rankings place Saunders #91 nationally, and #77 among the Best Undergraduate Business Programs. Poets & Quants ranked Saunders College of Business among the nation's Top 100 U.S. MBA Programs. The MS in Finance program is ranked #34 in North America, in 2017 by Best-Masters.com.TFE (The Financial Engineer) Times ranked Saunders #29 for MS in Finance, and #96 for MBA in 2017. Bloomberg Businessweek highlights include ‘Best Undergraduate Business Schools by Specialty 2013’ including: #14 Management Information Systems, #21 Entrepreneurship, #26 Marketing, #32 Corporate Strategy, #52 International Business. The Princeton Review also ranks Saunders #7 among ‘Top 25 Online MBA Programs’.
Equipment & FacilitiesSaunders Business Analytics Lab features the latest technology and equipment, including Bloomberg Terminals and the most advanced analytics software. The REDCOM Active Learning Lab provides the business environment that maximizes the utilization of technology for digital interaction and team networking. Computer labs currently have 60 PC’s hooked up to a network server, including wireless connectivity.
Nature of WorkAlmost every firm, government agency, and other type of organization has one or more financial managers. Financial managers oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. Managers also develop strategies and implement the long-term goals of their organization. (Source: U.S. Bureau of Labor Statistics Occupational Outlook Handbook)
Training / QualificationsA bachelor’s degree in finance, accounting, economics, or business administration is the minimum academic preparation for financial managers. However, many employers now seek graduates with a master’s degree, preferably in business administration, economics, finance, or risk management. These academic programs develop analytical skills and teach the latest financial analysis methods and technology. (Source: U.S. Bureau of Labor Statistics O.O.H.)
Job OutlookEmployment of financial analysts is projected to grow 12 percent from 2014 to 2024, faster than the average for all occupations. A growing range of financial products and the need for in-depth knowledge of geographic regions are expected to lead to strong employment growth. (Source O.O.H ’17)
Job TitlesCorporate Finance, Stock Brokers, Financial Analyst, Financial Planner, Investment Bankers, Research Analyst, Budget Analyst, Insurance Underwriter, Loan Officer, Benefits Consultant, Risk Management, Financial Engineer, Quantitative Analyst, Quantitative Structured Credit Analyst, Credit Risk Analyst, Quantitative Investment Analyst, Quantitative Strategist, Data Analyst, Senior Data Analyst, Fixed Income Quantitative Analyst, and Financial Engineer
EmploymentFinancial analysts held about 277,600 jobs in 2014. Although they can be found in every industry, approximately 3 out of 10 were employed by finance and insurance establishments, such as banks, savings institutions, finance companies, credit unions, insurance carriers, and securities dealers. About 8 percent worked for Federal, State, or local government. (Source: U.S. Bureau of Labor Statistics O.O.H.)
- Quantitative skills are extremely important. Take additional courses in math, statistics, and accounting.
- An MBA is required to move beyond the entry-level analyst position in investment banking. Investment banking is highly competitive
- Several professional designations and licenses, e.g. Chartered Financial Analyst or Certified Financial Planner, are available to finance professionals working in a particular area. Earning these designations may help one obtain advanced positions.
- o International students receiving the MS in Computational Finance degree qualify to apply for a 17-month work extension to their OPT (Optional Practical Training) period.
- This extension means that students could be eligible for up to two and a half years of work in the United States. The extension is exclusive to qualifying STEM (science, technology, engineering or math) focused programs.
- The MS in Computational Finance program qualifies for an F-1 OPT STEM Extension, under the CIP Code 27.0305-Financial Mathematics in the 2012 STEM-Designated Degree Program List published by the U.S. Immigration and Customs Enforcement (ICE) office.
- o The MS in Computational Finance students enter growing fields that include financial engineering and quantitative analysis careers.
Selected Employer Hiring PartnersAflac, Bank of New York Mellon, Carestream Health, CitiGroup, Constellation Brands, Eastman Kodak, Excellus BCBS, EY, Federal Reserve Board, First Niagara, Goldman Sachs, Harris Corporation, JP MorganChase, Kodak Alaris, Liberty Mutual, M&T Bank, Manning & Napier Advisors Inc., Merrill Lynch, Midwest Inc., Morgan Stanley, Paychex, Northwestern Mutual Financial Network, The Hershey Company, The Raymond Corporation, Xerox Corporation.
Contact UsWe appreciate your interest in your career and we will make every effort to help you succeed. Feel free to contact Julian Huenerfauth, the career services coordinator who works with the Finance program. You can access information about services through our web site at https://www.rit.edu/careerservices.
Rochester Institute of Technology . Office of Career Services and Cooperative Education
Bausch & Lomb Center
57 Lomb Memorial Drive . Rochester NY 14623-5603