Be prepared for success and to serve wherever the Lord takes you with a finance degree from Grace College. From the trading floor to the family business to the corporate suite, financial skills are in high demand. The finance program at the Grace College School of Business will prepare you to lead in these exciting and challenging environments. And, as demonstrated by the collapse of Enron and the 2008 Financial Crisis (two amongst many events), the world of finance is in great need of strong, biblically based leadership.
As a Finance major, you will learn how to develop, analyze and execute financial strategies to drive the business forward. Concepts such as the time value of money, risk management, portfolio management and decision support will be taught and practiced. These concepts will be combined with a biblical worldview to prepare you to serve in nonprofit, corporate and/or investment careers.
The School of Business faculty, with well over 100 years of collective business experience, will prepare you to lead and serve in this competitive economy. The courses, internships and practicums will hone your professional skills in preparation for entering the work force.
As Finance majors, you will especially appreciate Grace College's recent awards for "Best Bang for the Buck" by Washington Monthly and as a "most efficient college" by the U.S. News and World Report.
We look forward to your application and helping to prepare you to apply your faith and to lead in the financial world.
"Be shepherds of God's flock that is under your care, serving as overseers—not because you must, but because you are willing, as God wants you to be; not greedy for money, but eager to serve" (1 Peter 5:2 NIV).
Examples of courses in this major:
Emphasis on job order cost, process cost, and standard cost systems as well as the use of cost data in decision making.
The study of the principles of money, banking and credit with emphasis on monetary theory and policy and their role in domestic and international eonomics.
This course is designed to provide a practical application of corporate finance and mathematic skills to a variety of analyses commonly performed by CFOs, investment bankers, actuaries and corporate financial analysts. Students will gather source data and build and apply models typically used in practice. This course also investigates the use of financial instruments and strategies to achieve a sustainable competitive advantage and create value. The course explores the relationships amongst corporate strategy, corporate finance and financial innovation.
This course acquaints the student with the principles and concepts of investment theory and portfolio management. The student will be acquainted with the open market of securities and related terminology. In addition, he/she will be exposed to concepts that will prepare him or her as a corporate manager, for acquisition and for merger analysis.
The course explores international finance in business, including strategy and motivation for direct foreign investment, international banking operations, lending and investment criteria, governmental programs to encourage exports, trade restrictions, foreign currency markets and exchange controls. The course also covers why and how countries trade with each other. Topics include comparative advantage, tariff's quotas and other trade restrictions, NAFTA, the European Union, and the relation between trade and economic growth. Special problems of multinational firms are discussed.
The individuals who will challenge you to learn:
Bachelor of Business Administration (B.B.A.), University of Kentucky; M.B.A., University of Cincinnati; Advanced Diploma in Management Accounting from the Chartered Institute of Management Accountants
Kenneth McEwan joins the Grace faculty as full-time instructor of finance in the School of Business. He previously worked at Rolls-Royce Aircraft Engines. His last position there was director of Finance Business Partnering. Prior to this role, he was vice president of finance for the Helicopter Engines business and finance director for Engineering and Technology. McEwan also held finance positions at GM Military Vehicles Operation, GM Allison Transmission and at the University of Cincinnati as a teaching assistant. He has served as president of the Board of NICA ministries, when he supervised two missionaries in Nicaragua; as treasurer of the Woodruff Place Foundation; and was on the board of trustees at New Hope Christian Church. He enjoys golf, kayaking, hiking and cross-country skiing. Ken and his wife, Robin, live in Winona Lake.
B.A. in Political Science and History, Parsons College; M.P.A. in Public Administration, Ball State University; M.B.A. in Finance, University of Saint Francis; D.B.A. in Marketing, Northcentral University
Prior to coming to Grace in 2011, Alan Grossnickle spent five years at the University of Saint Francis, where he developed the Entrepreneurship program and taught business courses. He has extensive experience as the former CEO/president and founder of Caremet, Inc. and Miller's Merry Manor healthcare facilities, which was the largest independent healthcare organization in Indiana. He lives in Warsaw with his wife and has two sons and three grandchildren.
Some of the positions you can obtain:
Financial analysts, also called securities or investment analysts, examine financial information in order to make sound suggestions to businesses on how to invest money. Financial analysts often use statistical software and spreadsheets to analyze the facts they gather. Financial analysts then make reports to their employers on the results of their research. They work in banks, corporations, stock brokerages, insurance companies and government agencies. Some analysts study worldwide and national money matters. Others advise corporations on ways to invest their pension funds. Many financial analysts specialize in determining the value of securities such as stocks and bonds.
Controllers are in charge of coordinating, planning and reporting on the financial activities of a large organization. Controllers work for banks, corporations and government agencies. They set financial policies. Often they are in charge of the accounting, bookkeeping and auditing departments, and they sometimes choose the accounting method a company employs. They supervise record keeping and set up controls to ensure efficiency and honesty. All financial reports made within a company go to the controller. The controller reports directly to the president or board of directors of a company or organization. The controller also supervises the financial reports that are sent out of the company. These include annual reports to stockholders, tax returns and reports to government agencies.
A career in banking may take many directions, including branch manager, commercial loan officer, etc. A background in general business principles is important and additional finance and/or accounting training is helpful.
Direct and coordinate activities to implement institution policies, procedures and practices concerning granting of extending lines of credit, commercial loans, real estate loans and consumer credit loans. Support the day-to-day international field financial operations, assuring good customer service, communication and coordination with headquarters.
Advise clients on financial plans that utilize knowledge of tax and investment strategies, securities, insurance, pension plans and real estate. Assess clients' assets, liabilities, cash flow, insurance coverage, tax status and financial objectives to establish investment strategies.
What others are saying:
As a finance executive with one of the local orthopedic companies where Grace is based, I've found the School of Business at Grace College to be unique in many ways. First and foremost, I find the passion for education and commitment to personal relationships that the faculty have with their students to be second to none that I've encountered in my many years of recruiting across college campuses. Second, the biblical integration into the curriculum by the faculty and members of the administration of the college is highly identifiable by the integrity and moral convictions exhibited by the students. Finally, the internship and eventual job opportunities available to the students in the School of Business include some of the best companies in the world as it relates to the area of accounting, finance and business.
- Bob Vitoux, vice president of finance, Biomet Orthopedics, Warsaw, Indiana
I have been impressed with the level of commitment and enthusiasm of the School of Business faculty to the Grace College business students. It is refreshing to know that they are not only equipping our future business leaders with the knowledge and tools they need, but also instilling in them a value system based on biblical principles. We greatly need outstanding business leaders who reflect the values of the men and women of the Grace College School of Business, especially now in this current economic environment.
- Joan Darr, COO/CNO, Kosciusko Community Hospital, B.S. Nursing, 1967