Program Educational Objectives
Banking and Finance students will become familiar with computer applications in finance, and will know how to access and utilize financial information; they are increasingly taking and passing the Chartered Financial Analysts (C.F.A.) examination and the Certified Financial Planner (C.F.P.) examination. The program in Finance and related fields provide the practical and theoretical background needed to succeed in the dynamic and fascinating world of domestic and international finance.
The Finance Major highlights six (6) areas where students, along with their respective advisors can develop their business elective courses in a way to meet their potential job/career requirements. The following six areas are:
- 1.Investments Management (IM);
- 2.Corporate Finance (CF);
- 3.Real Estate Finance (REF);
- 4.Banking (B);
- 5.Personal Financial Planning (PFP);
- 6.General Finance (GF).
Investment Management (IM) has been revolutionized by rapid advances in computerization. Modern investment theory of portfolio selection, asset pricing models, pricing of options and other derivative securities, and views on the efficiency of security markets have contributed to major improvements in investment management practice.
Other Finance students can choose the elective courses to meet the requirements of career such as Corporate Finance (CF) Corporate financial officers oversee the efficient allocation of funds within enterprises and borrow funds on the most favorable terms possible through banks, corporate commercial papers, bonds, or new stock issue. Corporate financial managers examine corporate policies toward dividends, debt leverage, and agency conflicts between firm stakeholders.
The Real Estate (RE) courses deal with the acquisition, ownership, and management of real assets such as shopping centers, office buildings, industrial parks, and housing. Majors acquire broad, multidisciplinary background designed to make them effective in controlling assets with significant wealth. Knowledge of financial management is essential to the success of any real estate activity - brokerage, development, property management or mortgage lending. Throughout the various areas of real estate and finance, there exists a natural interrelationship between the two disciplines. The Real Estate major prepares students for a broad range of international careers in consulting, trust and estate management, appraisal, brokerage, real estate development and government.
The banking industry has undergone massive transformations due to competition from non-bank financial institutions. The Banking (B) area of interest is established to provide the Banking community with timely Research and source of new employees who recognize the specialized needs of financial institutions and the banking industry.
NDU banking courses provide students with the necessary qualifications and preparation to meet the industry’s new demands. NDU students, with their knowledge of more than one language, are ideally qualified for employment in international banking. Banking and Finance graduates assume increasingly responsible positions over time and move up the management ranks.
Financial services are one of the most rapidly growing and dynamic fields in finance. It includes Banking, Securities, Insurance, and Personal Financial Planning. Personal Financial Planning (PFP) is a new service industry, which has sprung from its insurance, securities and banking roots to become an important link between a variety of individuals and businesses and the broad spectrum of finance information. Students interested in working directly with people to organize their finances and plan for their financial futures should consider a major in Personal Financial Planning. Students need to know about all areas of business and finance, and they must be able to deal with quantitative measures and information, as well as understand sophisticated theoretical concepts.
In the General Finance (GF) field, students can choose courses among several courses. By carefully selecting these courses, students may develop a program of study that fits with their interests and career preparation needs. In order to maximize the benefit of their programs, students are strongly encouraged to work closely with their assigned advisor in developing their program of study.
Applicants must pass the Lebanese Baccalaureate Part II (any strand) or its equivalent as identified by the Lebanese Ministry of Education. An applicant is accepted if he or she fulfills all the NDU admission requirements. In addition, there are three states of selection to the B.B.A., acceptance, conditional acceptance, and rejection. Students may be assigned MAT 105 as a remedial course in light of their composite scores.
Students seeking the degree of Bachelor of Business Administration - Finance, Accounting, and Financial Engineering must complete a total of 106 credits. An overall average of at least 2.0/4.0 and a minimum average of 2.3/4.0 in the common core and major requirements. These credits are divided into: General Education Requirements, Common Core Requirements, Major Requirements, Faculty Electives, and Free Electives. In addition, the passing grade for Principles of Accounting I and II, Principles of Microeconomics and Macroeconomics, and Principles of Financial Management I, is “C”. The passing grade for remedial Math courses is “C”. Students are strongly advised to plan their courses in advance for the entire program.
All Accounting majors must complete an internship course which provides field experience prior to graduation.
All Banking & Finance majors must complete an Internship course which provides field experience prior to graduation.