undergraduate curriculum change memo

32
UNDERGRADUATE CURRICULUM CHANGE MEMO Date: 1/26/2021 From: Erik Devos, Economics and Finance Through: Tim Roth Through: James Payne, Dean COBA To: Art Duval, Chair, Undergraduate Curriculum Committee Proposal Title: Changes in Finance concentrations plus new minor This proposal consists of relatively minor changes within the concentration in General Commercial Banking (including a name change) and General Finance concentration within the BBA in Finance. It also includes the introduction of a new minor. These changes are the result of conversations with and the input of several banks and other financial institutions and are designed to revise the curriculum to a more up-to-date and business relevant curriculum. Specifically, the changes are: 1 - The introduction of a new course (Bank Lending (FIN 4329)). 2 - The change in title of FIN 4311 from Commercial Bank Management to Bank Management. Also, update in the required minimum grades for the FIN 3310 pre-req (from D to C) 3- For Finance 4312 update in the required minimum grades for the FIN 4311 pre-req (from D to C) 4- The change in the title of the Gen'I Comm. Banking concentration to Banking and Financial Institutions concentration. 5 - The introduction to FIN 4329 to the requirements of the Banking and Financial Institutions concentration. 6 - Elimination of a number of potential elective courses from the Banking and Financial Institutions concentration. 7 - Elimination of ECON 3310 as a core business requirement for General Finance, Financial Analysts, Risk Management, and Banking and Financial Institutions concentrations, ECON 3320 being the required ECON core business requirement. 8 • In the General Finance concentration, addition of FIN 4329 as a possible elective course. 9 - Introduction of a new minor (Banking and Financial Institutions), available for business (non-finance) majors. /

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Page 1: UNDERGRADUATE CURRICULUM CHANGE MEMO

UNDERGRADUATE CURRICULUM CHANGE MEMO

Date: 1/26/2021

From: Erik Devos, Economics and Finance

Through: Tim Roth

Through: James Payne, Dean COBA

To: Art Duval, Chair, Undergraduate Curriculum Committee

Proposal Title: Changes in Finance concentrations plus new minor

This proposal consists of relatively minor changes within the concentration in General Commercial Banking (including a name change) and General Finance concentration within the BBA in Finance. It also includes the introduction of a new minor. These changes are the result of conversations with and the input of several banks and other financial institutions and are designed to revise the curriculum to a more up-to-date and business relevant curriculum. Specifically, the changes are: 1 - The introduction of a new course (Bank Lending (FIN 4329)). 2 - The change in title of FIN 4311 from Commercial Bank Management to Bank Management. Also, update in the required minimum grades for the FIN 3310 pre-req (from D to C) 3- For Finance 4312 update in the required minimum grades for the FIN 4311 pre-req (from D to C) 4- The change in the title of the Gen'I Comm. Banking concentration to Banking and Financial Institutions concentration. 5 - The introduction to FIN 4329 to the requirements of the Banking and Financial Institutions concentration. 6 - Elimination of a number of potential elective courses from the Banking and Financial Institutions concentration. 7 - Elimination of ECON 3310 as a core business requirement for General Finance, Financial Analysts, Risk Management, and Banking and Financial Institutions concentrations, ECON 3320 being the required ECON core business requirement. 8 • In the General Finance concentration, addition of FIN 4329 as a possible elective course. 9 - Introduction of a new minor (Banking and Financial Institutions), available for business (non-finance) majors.

/

Page 2: UNDERGRADUATE CURRICULUM CHANGE MEMO

CURRICULUM PROPOSAL

APPROVAL PAGE

Proposal Title: Changes in Finance concentrations plus new minor

College: COBA Department: Economics and Finance

DEPARTMENT CHAIR· Tim Roth

I have read the enclosed proposal and approve this proposal on behalf of the department.

~Mr (Z<-/2< Signature Date

COLLEGE CURRICULUM COMMITTEE CHAIR - Faith Xie

I have read the enclosed documents and approve the proposal on behalf of the college curriculum committee.

Signature Date

COLLEGE DEAN - James Payne

I have read the enclosed documents and approve the proposal on behalf of the college. I certify that the necessary funds will be allocated by the college in support of this proposal.

Si Date

Page 3: UNDERGRADUATE CURRICULUM CHANGE MEMO

COURSE ADD

All fields below are required

College : COBA Department : Economics and Finance

Rationale for adding the course: This is a new course, designed for the updated concentration in General Commercial Bank Management (now Banking and Financial Institutions) within the the BBA in Finance. This course contains material that is essential for students who want to pursue a career in banking or financial institutions. All fields below are required

Subject Prefix and # FIN4329

Title (29 characters or fewer): Bank Lending

Dept. Administrative Code : 820

CIP Code 52.0803

Departmental Approval Required DY es 181 No

Course Level 181UG DGR DOR DSP

Course will be taught: 181 Face-to-Face D Online D Hybrid

How many times may the course be taken for credit? (Please indicate 1-9 times): 2

Should the course be exempt from the "Three Repeat Rule?" DYes 181No

Grading Mode: 181Standard DPass/Fail DAudit

Description (600 characters maximum): Topics covered include loan structuring, analyzing business tax returns, global cash flow, detecting problem loans, and more. Students may have the opportunity to earn the RMA Credit Essentials Certification in this course.

Contact Hours (per week): 3 Lecture Hours Lab Hours Other

Types of Instruction (Schedule Type): Select all that apply 181A Lecture D H Thesis D B Laboratory D I Dissertation 0 C Practicum D K Lecture/Lab Combined DD Seminar D 0 Discussion or Review (Study Skills) D E Independent Study D P Specialized Instruction 0 F Private Lesson D Q Student Teaching

Page 4: UNDERGRADUATE CURRICULUM CHANGE MEMO

Fields below if applicable

If course is taught during a part of term in addition to a full 16-week term please indicate the length of the course (ex., 8 weeks):

TCCN (Use for lower division courses) :

Prerequisite(s): Course Number/ Minimum Grade Required/ Concurrent Enrollment Placement Test Test Scores Permitted? (Y/N)

FIN 3310 c No

Corequisite Course(s}: Equivalent Course(s}:

Restrictions: Classification

Major ACCT, BSAD, CIS, ECON, FIN, MGMT, OSCM, MKT, INFS, IS, INBU and GENB

Page 5: UNDERGRADUATE CURRICULUM CHANGE MEMO

Class Hours: Office Hours: Required Text:

THE UNIVERSITY OF TEXAS AT EL PASO Department of Economics and Finance

xxxx

NAME:XXXX Office Room: XX.XX

Phone: XXXX; Email: XXXX

FIN 4329 Bank Lending Course Syllabus, TERM XXXX

after class and by appointment RMA credit essential course materials

Course Description: Topics covered include loan structuring, analyzing business tax returns, global cash flow, detecting problem loans, and more. Students have the opportunity to earn the RMA Credit Essentials Certification in this course.

Calculators: You need access to a business calculator, such as TI BA II Plus (recommended) or equivalent. Your calculator should be able to compute the net present value (NPV) and the internal rate of return (IRR) on an uneven stream of cash flows.

Grade Components: Grades will be based on a series of quizzes, exams, attendance, and presentations.

Attendance: Students are strongly encouraged to attend each class session and participate in class discussions. Students who attend class regularly perform substantially better in the exams than those who do not.

Page 6: UNDERGRADUATE CURRICULUM CHANGE MEMO

2

Tentative Course Outline:

1 Getting to know the customer.

2 Analyzing nonfinancial techniques.

3 Understanding the numbers: financial statements.

4 Understanding the numbers: cash flow.

5 Understanding cash flow: projections.

6 Understanding the numbers: management and strategy.

8 Loan structuring.

9 Collateral and third-party support.

10 Retail credit.

11 Personal financial statements and tax returns.

12 Business tax returns.

13 Global cash flow.

14 Loan documentation.

Important Notes:

1. In addition to the announced office hours, students may stop by my office at anytime (or email me) to ask questions.

2. If you have any trouble with the class, please get help ASAP. Do not let the problems buildup.

3. If you have a disability and need classroom accommodations, please contact The Center for Accommodations and Support Services (CASS) at 747-5148, or by email to [email protected], or visit their office located in UTEP Union East, Room 106. For additional information, please visit the CASS website at www.sa.utep.edu/cass.

4. Academic. integrity. Academic integrity is an extremely serious matter. All students are expected to comply with University rules and regulations on academic integrity and honesty. Disciplinary sanctions may be imposed for violations of these rules and regulations. Because this class is a combination of quizzes and written case reports, extra care will be taken to assure the integrity of the teaching/learning process.

5. This syllabus is tentative.

Page 7: UNDERGRADUATE CURRICULUM CHANGE MEMO

COURSE CHANGE FORM

All fields below are required

College : COBA Department : Economics and Finance

Rationale for changing the course: This new course title (Bank Management) better reflects the course material and update in the prequisite requirements

All fields below are required

Subject Prefix and number FIN 4311

Course Title Commercial Bank Management

Change From To

Ex. Prerequisite Ex. POLS 2310 Ex. POLS 2312

Course Title Commercial Bank Management Bank Management

Prereqs (ECON 3320 w/D or better AND (ECON 3320 w/C or better AND FIN 3310 w/D or better) FIN 3310 w/C or better)

These changes will be reflected in Banner, Goldmine, and the catalog

Page 8: UNDERGRADUATE CURRICULUM CHANGE MEMO

COURSE CHANGE FORM

All fields below are required

College : COBA Department : Economics and Finance

Rationale for changing the course: Update in the prequisite requirements

All fields below are required

Subject Prefix and number FIN 4312

Course Title Current Issues in Banking

Change From To

Ex. Prerequisite Ex. POLS 2310 Ex. POLS 2312

prereqs FIN 4311 w/D or better FIN 4311 w/C or better

These changes will be reflected in Banner, Goldmine, and the catalog

Page 9: UNDERGRADUATE CURRICULUM CHANGE MEMO

BBA in Finance • Overview • 4-Year Sample Degree Plan

Return to: Degree Programs

Bachelor of Business Administration (BBA)

The College of Business Administration, with departments of Accounting and Information Systems, Economics and Finance, and Marketing and Management, offers a BBA degree with the following majors: Accounting; Information Systems; International Business; Economics; Finance with concentrations available in General Finance, Financial Analyst, Risk Management, and (~mmen.:ial·Banking and Financial lnstil uti t ns; General Business with concentrations in General Business and Secondary Education; Management with concentrations available in Entrepreneurship, General Management and Human Resource Management; Marketing; and Operations and Supply Chain Management.

Policies Concerning Admission to and Completion of BBA Degree Programs

1. Students entering the College of Business Administration will be designated as (CBUS) until they have sufficient competency in English and Mathematics (completedRWS 1301orhigherandMATH 1320orhigher).

2. Students meeting the College admissions requirements will be designated as General Business (GENB) and must file a degree plan in the Office of the Dean.

3. Admission to another major option program is limited to those students who meet the following requirements:

o Completion of the Non-Business Foundation Requirements and the Business Foundation Requirements as described in the Undergraduate Course of Study for the Bachelor of Business Administration.

o Completion of the following courses (or their equivalent) with a minimum grade ofC:

Course List

Code Title

ACCT 2301 Principles of Accounting I

ACCT2302 Principles of Accounting II

ECON 2304 Principles of Economics

MATH 2301 Math for Social Sciences II

QMB 2 01 Fundamentals of Bus Statistics

Hours

3

3

3

3

3

Page 10: UNDERGRADUATE CURRICULUM CHANGE MEMO

o An overall GP A of 2.0 or greater in all hours attempted. 4. Upon completion ofrequirements in item 2, the student will be admitted to one of the

specialty major option programs offered by the College of Business Administration. Upon admission, the major code will be changed from General Business (GENB) to the major option code for the program.

5. Concurrent enrollment in lower-division courses in item 3-b and upper-division business courses is allowed only once upon written permission of the Office of the Dean.

6. Freshman and sophomore level courses can be repeated once and the latter grade substituted for a previous grade in the student's grade point average (GPA) calculation. Grades and attempted hours for other repeated courses will be used in computing the GPA.

7. Only those transfer credits with a grade of C or better will be accepted for credit toward the BBA degree. Courses taken at two-year institutions or as a requirement for a two-year degree are accepted by the College of Business Administration as transfer credits for lower-division courses only. Courses taken at four-year accredited institutions and designated as lower-division courses can be accepted as upper-division credits if the course is taught at the upper-division level at UTEP and has received additional validation from the Office of the Dean. Transfer credit for upper-division business administration courses is restricted to AACSB-accredited curricula. Transfer credit for courses from institutions outside the United States will be evaluated independently. The applicability of transfer credits to the degree plan is determined by the Office of the Dean.

8. To complete the degree, a student must comply with the following: o Complete the required course of study as outlined below. o Follow University academic regulations as stated elsewhere in this catalog. o Earn a 2.0 GP A in all courses attempted within the College of Business

Administration. Note: Accounting majors must also earn a 2.0 or better GPA average in ACCT 3321 and accounting courses listed in the Accounting Option Requirement.

9. A graduating senior must file an application for the degree with the Office of the Dean before the semester of graduation. Students are responsible for setting an appointment to clear for graduation during announced times.

10. Students working toward the BBA degree cannot enroll on a pass/fail basis in any course taught in the College of Business Administration.

11. Six of the last 30 hours needed to complete the BBA degree can be taken at another university; however, the student must receive written approval from the Office of the Dean before enrolling at the other institution.

12. MGMT 4300 Strategic Management, may be taken only during the semester or summer term in which the degree is to be conferred. Approval of the undergraduate advisor is required for enrollment in this course.

13. Non-BBA students wishing to take upper-division business courses must be advised in the College of Business Administration, Room 104. Students wishing to take upper­division courses must have junior standing ( 60 credit hours) and a 2.0 cumulative GP A and must have completed the stated prerequisites for the course.

Page 11: UNDERGRADUATE CURRICULUM CHANGE MEMO

14. Students must complete 50 percent or more of their College of Business Administration credit hours at UTEP.

15. Students can pursue more than one major option by completing all requirements, including Major Option Requirements, for all major options selected.

Degree Plan

BB1A1 in Finance with a Concentration in Financial Anal:yst/General Commercial Banking/General Finance Required Cre<lils: 12f.l

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Currently the degree plan separates the main degree requirements from the concentration courses. However, with the changes in the concentrations the degree plans need to be fully displayed separately for each concentration. This is why all concentrations are marked through in the degree plan and are re-added farther on in this document. jr
Page 12: UNDERGRADUATE CURRICULUM CHANGE MEMO

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Page 13: UNDERGRADUATE CURRICULUM CHANGE MEMO

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Page 14: UNDERGRADUATE CURRICULUM CHANGE MEMO

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Page 15: UNDERGRADUATE CURRICULUM CHANGE MEMO

f.'.IN '139£'.'}

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BBA in Finance with a Financial Analyst concentration Required Credits: 120

Code

Course List

Title

Business Designated Core (All courses require a C or better.)

Complete the Business Designated Core requi rements.

University Core Curriculum

omplcte the University Core urriculum requirements .

Business Foundation (All courses require a grade of C or better)

Required Courses:

ACCT 2301

ACCT2302

ECON 2304

QMB 230 1

Math Elective:

Principles of Accounting I

Principles of Accounting II

Principles of Economics

Fundamentals of Bus Statistics

Select one of the following:

MATH 1411 Calculus I

MATH 2301

Business Core

Required Courses:

ACCT 3321

BLAW 3301

BUSN 3304

orBUSN 3305

ECON 3310

Bf ECON 3320

FIN 3310

MGMT 3303

Math for Social Sciences II

Intermediate Accounting I c

Legal Environment of Business

Global Business Environment

Global Busn Environ-Study Away

l\fanagerial Econom ies

Money and Banking

Business Finance

Intro-Mgmt/Organizational Beha

Hours

42

3

3

3

3

3-4

3

3

3

3

3

3

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Page 16: UNDERGRADUATE CURRICULUM CHANGE MEMO

Code

MGMT4300

MKT 3300

OSCM 3321

Course List

Title

Strategic Management

Principles of Marketing

Production/Operations Mgmt

Financial Analyst Concentration

Required Courses:

FIN 3315 Investments

FIN 4310

FlN 4 l l A

FIN 4315

FfN 43 15A

Managerial Finance

Managerial Finance Laboratory

Portfolio Analysis

Portfolio Analysis Laboratory

Analysis of Derivatives

Fin Anal of Firm & Valuation

FIN 4325 International Finance

Financial Electives: Select three additional hours of upper-division FIN

FIN 3315 Investments

FIN 3317 Principles of Insurance

FIN 3321 Real Estate Finance & Investmt

FIN 3325 Money & Capital Markets

FIN 3330 Finance for Entrepreneurs

FIN 3350 Personal Financial Planning

FIN 4310 Managerial Finance

FIN 4311 ~tmR-tereta-1--Bank Management

FIN 4312 Current Issues in Banking

FIN 4328 Central Banking

FIN 4329 Bank Lending

FIN 4396 Internship in Finance

FIN 4398 Independent Study In Finance

FIN 4 99 Current Topics in Finance

Total Hours

Minor

Select a twelve hours Business minor or certificate

Total Hours

Hours

3

3

3

3

3

1.5

3

1.5

3

3

3

3

24

12

120

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BBA in Finance with a Commercial Banking Banking and Financial Institutions concentration Required Credits: 120

Code

Course List

Title Business Designated Core (All courses require a C or better.)

ompJete the Busit1ess Designated ore requirements.

University Core Curriculum

omplete the Univer ity ore urriculum req uirements.

Business Foundation (All courses require a grade of C or better)

Required Courses:

A T 2301

ACCT 2302

ECON 23 04

QMB 2301

Math Elective:

Principles of Accounting I

Principles of Accounting II

Principles of Economics

Fundamentals of Bus Statistics

Select one of the following:

MATH 1411 Calculus I

MATI-12301 Math for Social Sciences II

Business Core

Required Courses:

ACCT 3321 Intermediate Accounting I c

BLAW 3301 Legal Environment of Business

BUSN 3304 Global Business Environment

orBUSN 3305 Global Busn Environ-Study Away

EGGN-~0 MHBHgB:J~i-a-~H+HH-IBs

or ECON 3320 Money and Banking

FIN 3310 Business Finance

MGMT 3303 Intro-Mgmt/Organizational Beha

MGMT4300 Strategic Management

MKT 3300 Principles of Marketing

OSCM 3321 Production/Operations Mgmt

General Commercial Banking Concentration

Hours

42

3

3

3

3

3-4

3

3

3

3

3

3

3

3

3

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Code Required Courses:

FIN 4311

FIN 4312

FIN 4318

FIN 4329

Course List

Title

f:'..(-+ffHfl:(;'reH+J.·-Bank Management

Current Issues in Banking

Fin Anal of Firm & Valuation

Bank Lending

Financial Electives: Select &HI.-·)_ additional hours of upper-division FIN

FiN-33{£! Bti-sffiess-fl.i·Hii-R~:H~

F+N-~}-1-§.

¥-I-N-:3-3-l-+

E!li:.~;}2-+

FIN 3325

-RN~.~Q

FlN-3~

HN-4-3-1-0

FlN-4:~-l-5

F-l#43-l-6

f.:Jf.t-4:;1.P-5 .IJ..l.N-4-:1·'"' g.

·~~

¥-IN <1 39.~

fo¥eStmeftts

llf inc ipl es·e-f...ffisufafw-e

l~~Me-!:;: iH&R£~-ltl¥esttnt

Money & Capital Markets

Flfttffiee-·fur-Efltreprefl tiUt'ti

P--et'SOO:Af···F·tHttfl:€ta1-lLlttflntng

MafH:t-ge-t=iat··f'tnanee

Pert.fo~s

Attatysi·s~~vat+ve-s

-l:tttefHffiteffiH-..f<inaoc-e

G€fl.t-rat-&Rktflg

· l11teF11sffilrffi-~'tttaooe

ffi.El~ettt:k"'l·lt--SW~il18flb--e

ll-l-N-4J4-9- Gttt'reHl-::J:-efties-i-n-FitHmce

Select nine additional hours of FIN at any level:

~ M-ffitogtt'l-~l.:ef}fttHl3ttt=-Ji~1ta1-ree

FLN 33 .LQ

FIN 33.12

FIN 331..7_

FIN 332 L f.JfilJl.2. J'.:.tN.JllQ illll12Q. FIN 4310

FIN 4315

FIN 43l q

ElR1ll2 EJJ'l.4-~llA

Bw1ine:is Finam:e

Investments

ilt~-J e-i'j7k¥.T+>-l·:-l-Rtrt+Hlfh;B

ReuJ Eslule P'inunce & l11w:;l111l

1\4-e+i-~' & Cnpital Markul:;

Fina nce lbr Entreprel1<*ffi

~I Pinaneial Plan·HtH

Managerial Finance

Portfolio Analysis

Anal ysi~1 of DurivatiYeu

~a+i(lllH I P' inance

M~n~.\ g,c r i ~J Fi mince Labt rntq.r.y

Hours

3

3

3

3

3

9

~

J

3

3

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Banking and Financial Institutions concentration
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All indicated courses are required. Others are removed from this degree plan.
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Code FIN 4315A

¥-! NA,·1-2-8

F+N-4396

FlN-43-9& ['~)!)

:f-Hl-fl.J--1""1-t> L+I~

TL I il I I lours

..lillu

Course List

Title Portfolio Anal ysis Laborntorv

' 1-HH 1-l--Ban-k-ittg

lfli·eHlsttj.p ·'H:r-F-i-rHtn€e

lnd ependt.>nt-St1:tdy-l-H-ffiHHTCB

(:t11Tent-+opics-in Fi-nanee

Select a twelve hours Business minor or certificate

Total Hours

BBA in Finance with a General Finance concentration Required Credits: 120

Code

Course List

Title

Business Designated Core (All courses require a C or better.)

Complete the Business Designated ore req ui rement ·.

University Core Curriculum

Complete the University ore urri culum requirem ents.

Business Foundation (All courses require a grade of C or better)

Required Courses:

ACCT 2301 Principles of Accounting I

AC T 23 02 Principles of Accounting II

ECON 2304

QMB 230 1

Math Elective:

Principles of Economics

Fundamentals of Bus Statistics

Select one of the following:

MATH 1411 Calculus I

MATH 2301

Business Core

Required Courses:

Math for Social Sciences II

Hours

Ll. J

3 }

.}

6-9

24

12

120

Hours

42

3

3

3

3

3-4

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Code

ACCT 3321

BLAW 33 01

BUSN 3304

orBUSN 3305

ECON 3310

Course List

Title Intermediate Accounting I c

Legal Environment of Business

Global Business Environment

Global Busn Environ-Study Away

Ma:oogeA-a-1-EooflBHttes

Hours

3

3

3

J

ef E ON 3320

FIN 3310

MGMT 3303

MGMT4300

MKT 3300

OSCM 3321

3 Money and Bankine>-------------- -----=­Business Finance

Intro-Mgmt/Organizational Beha

Strategic Management

Principles of Marketing

Production/Operations Mgmt

General Finance Concentration

Required Courses:

FIN 3315

FIN 4310

FLN43 11A

FIN 4315

FlN 43 15A

Investments

Managerial Finance

Managerial Finance Laboratory

Portfolio Analysis

Portfolio Analysis Laboratory

Upper Division FIN: Select twelve additional hours of upper division FIN:

FIN 3317 Principles of Insurance

FIN 3321 Real Estate Finance & Investmt

FIN 3325 Money & Capital Markets

FIN 3330

FIN 3350

FIN 4311

FIN 4312

FIN 4316

FIN 4318

FIN 4325

FIN 4328

FIN 4329

FIN 4396

FIN 4398

FIN 4399

Total Hours

Minor

Finance for Entrepreneurs

Personal Financial Planning

c ;HRm ereial-Bank Management

Current Issues in Banking

Analysis of Derivatives

Fin Anal of Firm & Valuation

International Finance

Central Banking

Bank Lending

Internship in Finance

Independent Study In Finance

Current Topics in Finance

3

3

3

3

3

3

3

1.5

3

1.5

12

24

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Page 21: UNDERGRADUATE CURRICULUM CHANGE MEMO

Code

Course List

Title Select a twelve hours Business minor or certificate

Total Hours

Hours 12

120

BBA in Finance with a Concentration in Risk Management The concentration in Risk Management within the BBA in Finance is built around the general concept of digital Integration. Digital integration applies the theory of Actuarial Science and Finance using common computer software (Excel, SAS, Eviews) with real world data, so that the students are prepared to perform on-the-job from day one. Academy Leaming encourages students to interact, to improve their understanding of the material, and to model the personal interaction in the insurance industry. These concepts form the basis of the degree plan and model the skills used in the working environment of the business world.

Educational Objectives

1. Students will be prepped to take and pass two of the required exams to become an actuary: the P (Probability) and F/M (Financial Mathematics) exam, administered by the SOA. Students will are strongly encouraged to take the F/M exam in the Spring of their sophomore year and the P exam in the Spring of their junior year. Specific prep classes are part of the degree plan. In addition, the students will be prepped to take the MLC (Models for Life Contingencies) exam based on the material covered, after graduation. Second,

2. Students will have strong skills applying common computer software that is widely used in the insurance industry. They will be able to build complex Excel spread sheets, write VBA Excel macros, create statistical and forecast models in SAS, manipulate and organize large datasets in SAS and Excel, and develop actuarial models based on the life market. Finally, their

3. Business and interpersonal skills will be developed based on the Academy Leaming design, business workshops, and through written reports and presentations.

4. Business Designated Core (All courses require a C or better.)

Complete the Business Designated Core requirements.

University Core Curriculum

Complete the University Core Curriculum requirements.

Business Foundation (All courses require a grade of C or better)

Required Courses:

42

Page 22: UNDERGRADUATE CURRICULUM CHANGE MEMO

ACCT 2301

ACCT 2302

ECON 2304

MATH 1312

MATH 2313

QMB 2301

Business Core

Required Courses:

ACCT 3321

BLAW 3301

BUSN 3304

or BUSN 3305

~CON 3310

er-ECON 3320

FIN 3310

MGMT 3303

MGMT4300

MKT 3300

OSCM 3321

Code

Principles of Accounting I

Principles of Accounting II

Principles of Economics

Calculus II

Calculus Ill

Fundamentals of Bus Statistics

Intermediate Accounting I c

Legal Environment of Business

Global Business Environment

Global Busn Environ-Study Away

Manageria l Economics

Money and Banking

Business Finance

Intro-Mgmt/Organizational Beha

Strategic Management

Principles of Marketing

Production/Operations Mgmt

Course List

Title

Risk Management Concentration

Required Courses:

FIN 3315

FIN 3317

Investments

Principles of Insurance

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

Hours

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Code

FIN 4310

FIN 4311A

FIN 4315

FIN 4315A

FIN 4316

FIN 4340

FIN 4341

QMB 3350

QMB 3456

QMB4456

Total Hours

Course List

Title

Managerial Finance

Managerial Finance Laboratory

Portfolio Analysis

Portfolio Analysis Laboratory

Analysis of Derivatives

Actuarial Finance

Actuarial Finance II

Business Analytics

Actuarial Quant Methods I

Actuarial Quant Methods II

3

1.5

3

1.5

3

3

3

Hours

3

3

3

120

Page 24: UNDERGRADUATE CURRICULUM CHANGE MEMO

The University of Texas at El Paso

Department of Economics and Finance

Minor in Banking and Financial Institutions

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TABLE OF CONTENTS

ADMINISTRATIVE INFORMATION .. ................................................................................... #

MINOR INFORMATION ........................................................................................................... #

I. NEED ......... .. ....................... ...... ............................................ .. ...... .... ............................... ... .... . .... # A. Job Market Need ..... ..... ....... ... .... .... .... ... ... ............................ ............... .. .. ... ..... ..................... # B. Student Demand ........... .. .. ..... ..... .. ......... ... ....... ......... .. .... ... ... ........ ........ ................. ...... .. ....... # C. Enrollment Projections ... .. .... ... ....................................... ....... ..................................... ..... ..... . #

II. QUALITY ...... ..... .. ...... ........... ........................... .................................................. .... ....... .... ... .... ... . # A. Degree Requirements .. ... ........ ....... ............................. ....... ......... .. ................................. ....... # B. Curriculum ...................... ..... ....... ... .............................. ... .... ... ....... .. ................ .. ...... ....... .. .. .... # C. Faculty ........................... ..... .. ... .. ...... ......... .................. ... ... ........ ... .. ......... ....... .. ..... ... ...... .... ... # D. Students ........................ ...... ... ............ ........ ........................................ ..... ... ... ... ..... .. ...... ....... . # E. Library .... ..... ........... ......... .. ... ....... ... .... .. ..... .... ....... ... ........ ...... ...... ..... ....... ... .... ........ ....... ....... . # F. Facilities and Equipment ..... ........... ........... ... ........................... ............. .................. ........... ... . # G. Accreditation ........... ........ ... ........ ... ........ ......... ............... .. .. .... ........... ... .... ....... .. .... .. ...... .. ...... . # H. Evaluation ... ............. ...... ... ...... ... .. ... .... ... ................... ....... ......... ......... ... .. .... ................. ..... ... . #

Ill. COSTS AND FUNDING ........ .. ................ .... ........................ ........ ... .... ...... ........ ............. ....... .. ... .... . #

2

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3

Request Form for a New Minor

Administrative Information

1. Institution: University of Texas at El Paso

2. Program Name - (e.g., Minor in Women's Studies): Minor in Banking and Financial Institutions

3. Proposed CIP Code: 52.0803

4. Number of Required Semester Credit Hours (SCHs): 12

5. Brief Program Description - Describe the minor and the educational objectives: The minor in Banking and Financial Institutions is designed, with substantial input from various financial institutions, to fill a stated need for undergraduate students who have knowledge of the financial services industry and are able to provide banking specific skills to the industry, upon entering the profession. Therefore, the minor focuses heavily on providing skills that are key to establishing a successful career in banking and related institutions.

6. Administrative Unit - Identify where the minor would fit within the organizational structure of the university (e.g., The Department of Electrical Engineering within the College of Engineering): Department of Economics and Finance within the College of Business Administration

7. Proposed Implementation Date - Report the date that students would enter the minor (MM/DD/YY): Fall 2021 (09/01/21)

8. Contact Person - Provide contact information for the person who can answer specific questions about the minor:

Name: Erik Devos

Title: Professor of Finance

E-mail: [email protected]

Phone: 915 747 7770

Page 27: UNDERGRADUATE CURRICULUM CHANGE MEMO

Minor Information

I. Need

A. Job Market Need - Provide short- and long-term evidence of the need for graduates in the job market.

The Texas Bankers Association, as well as a variety financial institutions in the region have made it clear that there is a lack of qualified graduates who are ready to perform at a high level in the financial sector. These institutions vary from credit unions, commercial and community banks, to major bank holders. Their involvement in creating the minor (and associated concentration) from a curricular perspective, the design of the accompanying professional development activities, and their financial support for the program are clear evidence of the need for students graduating from the program.

B. Student Demand - Provide short- and long-term evidence of demand for the minor.

Based on a survey of students at COBA, a substantial percentage (37%) stated to have an interest (or are currently working) in the financial (services) sector. Currently, these students do not have the option of taking any specialized banking courses. It is also important to note that for students who are interested in specialized undergraduate coursework resulting in a degree in banking and related areas, there are no options to pursue such work at within a range of at 300 miles.

C. Enrollment Projections - Use this table to show the estimated cumulative headcount and full-time student equivalent (FTSE) enrollment for the first five years of the minor. (Include majors only and consider attrition and graduation.)

YEAR 1 2 3 4 5

Headcount 15 25 30 40 40

FTSE 12 22 25 32 32

II. Quality

4

A. Degree Requirements - Use this table to show the degree requirements of the minor. (Modify the table as needed; if necessary, replicate the table for more than one option.)

Page 28: UNDERGRADUATE CURRICULUM CHANGE MEMO

5

Semester Category Credit Clock Hours

Hours

Required Courses 12

Prescribed Electives

Free Electives

Other (Specify, e.g., internships, (if not included

clinical work) above)

TOTAL 12

Note: A Bachelor degree should not exceed 120 Semester Credit Hours (SCH) per Board rule 5.44 (a) (3). Those that exceed 120 SCH must provide detailed documentation describing the compelling academic reason for the number of required hours, such as programmatic accreditation requirements, statutory requirements, or licensure/certification requirements that cannot be met without exceeding the 120-hour limit.

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6

B. Curriculum - Use these tables to identify the required courses and prescribed electives of the minor. Note with an asterisk(*) courses that would be added if the minor is approved. (Add and delete rows as needed. If applicable, replicate the tables for different tracks/options.)

R . d C equ1re ours es Prefix and

Course Title SCH Number FIN4329 Bank Lending* 3

FIN4311 Bank Manaoement 3 FIN4312 Current Issues in Bankino 3 FIN4318 Fin Anal of Firm & Valuation 3 ECON3320 Money and BankinQ (in the business core) 3

Prescribed Elective Courses Prefix and Course Title SCH

Number

Free Elective Course Menu Prefix and Course Title SCH

Number

Other Prefix and Course Title SCH

Number

C. Faculty - Use these tables to provide information about Core and Support faculty. Add an asterisk(*) before the name of the individual who will have direct administrative responsibilities for the program. (Add and delete rows as needed.)

Name of Core Faculty Highest Degree and Courses Assigned %Time Assigned and Faculty Rank Awarding Institution in Program To Program

Erik Devos*, Professor Ph.D. in Finance, FIN 10% Binghamton University (SUNY)

Destan Kirimhan, Ph.D. Finance - Banking, FIN 50% Assistant Professor University of South Carolina Nick Apergis, Professor Ph.D. Economics, Fordham FIN/ECON 50%

University

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7

Name of Support Faculty Highest Degree and Courses Assigned %Time

Assigned and Faculty Rank Awarding Institution in Program To Pro~ram

D. Students - Describe general recruitment efforts and admission requirements. In accordance with the institution's Uniform Recruitment and Retention Strategy, describe plans to recruit, retain, and graduate students from underrepresented groups for the minor.

The Department will recruit students from the existing pool of business students in the College of Business Administration, using traditional promotional methods. In addition, a designated student success manager may be employed to aid in recruiting and shepherding students towards graduation.

E. Library - Existing library resources are adequate.

F. Facilities and Equipment - Existing facilities and equipment are adequate.

G. Accreditation - AACSB accreditation will apply to this new minor.

H. Evaluation - Describe the evaluation process that will be used to assess the quality and effectiveness of the new minor.

The program will be part of the normal assessment and review process under AACSB and SACSOC

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Ill. Costs and Funding1

Five-Year Costs and Funding Sources - Use this table to show five-year costs and sources of funding for the program.

Five-Year Costs Five-Year Funding

Personnel1 $0 Reallocated Funds $0

Facilities and Equipment Anticipated New Formula $0 Funding3 $0

Library, Supplies, Special Item Funding and Materials $0 $0

Other2 $0 Other4 $0

Total Costs $0 Total Funding $0

1. Report costs for new faculty hires, graduate assistants, and technical support personnel. For new faculty, prorate individual salaries as a percentage of the time assigned to the program. If existing faculty will contribute to program, include costs necessary to maintain existing programs (e.g., cost of adjunct to cover courses previously taught by faculty who would teach in new program).

2. Specify other costs here (e.g., administrative costs, travel). 3. Indicate formula funding for students new to the institution because of the program; formula funding should be included

only for years three through five of the program and should reflect enrollment projections for years three through five. 4. Report other sources of funding here. In-hand grants, "likely" future grants, and designated tuition and fees can be

included.

1 Please use the "Program Funding Estimation Tool" found on the CB website to correctly estimate state funding.

8

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Catalog Copy for Minors

Program Name- Minor in Banking and Financial Institutions

Program Description- The minor in Banking and Financial Institutions is designed, with substantial input from the financial services industry, to fill a stated need for undergraduate students who have knowledge of the banking and other related industries and are able to provide banking specific skills to the industry, upon entering the profession. Therefore, the minor focuses heavily on providing skills that are key to establishing a successful career in banking related professions.

Degree Requirements- The minor contains 12 SCH (not counting ECON 3320 in the Business Core), is open for business majors who are non-finance majors only, and students minoring in Banking and Financial Institutions.