Finance & Real Estate at U N L V

1. Finance & Real Estate at UNLV Professor: Dana Angioni By: Michael Grema & Valerie Rosenfield

2. 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

3. Background • 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

4. College 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

5. Finance: 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

6. 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

7. Complement 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

8. Financial 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

9. 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

10. Treasurer • Oversee the investment of funds • Manage associated risks • Supervise cash management activities • Execute capital-raising strategies to expand • Deal with mergers and acquisitions.

11. Credit Managers • Oversee issuance of credit establishing credit-rating qualifications • Determine credit ceilings • Monitor collections of past-due accounts

12. Cash Managers • Monitor and control flow of cash receipts and disbursements for business and investment purposes

13. Risk 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

14. STARTING 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

17. Financial Consultant • A basic overview: • Collect information about business or individual and analyze in order to make investment recommendations

18. 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

19. 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

20. Private 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

21. 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

22. Earning 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

23. Offerings within the majors: Internship Opportunities Mentor Program Scholarships

24. 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.

25. 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

26. 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..

27. Scholarships • Fill out two forms every spring semester (mandatory) • One of the applications is online at https://financialaid.unlv.edu/apps/scholarships/scholapplication1.asp • The other form can be found on the College of Business website under scholarships *Real Estate students have more scholarships as a general fact

28. For More information • Visit • http://business.unlv.edu/finance/content.asp?content=145

29. Appeal 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

30. Finance Networks: with other Business Majors • Project related to UNLV: • Clubs • Financial Management Association (FMA) • Real Estate and Business Society • Forums

31. Informational Interview Michael Reynolds Earned a Masters in Accounting Farmers Insurance, CLU and CFP Provides both home and auto insurance Tax Preparation, Tax Consultant, IRS representative, Notary

32. 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>

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