Evidence from alumni, students, and firms all point to considerable interest and demand for expanding our students' knowledge and skills in finance; additionally, the current minor is well enrolled. Initial conversations with stakeholder groups and faculty in the Department of Economics and Finance precipitated an examination of feasibility and resource needs associated with a degree program. The program was approved by the Board of Regents and started in Fall 2022.
Action Steps
1: Develop proposal for Board of Regents
1: Develop a proposal for internal governance review and Board of Regents approval
BOR approved and BS Finance began Fall 2022
Champions:
Chair, Associate Dean, Dean, Associate ProvostGoals/Target Dates:
Achieve approval for Fall 2022 with BOR review in Spring 2022Key Performance Indicators:
Program Approval
New Faculty search in Fall 2023, new faculty starts in Fall 2024- Resource Needs:
$150,000 (faculty position inclusive of benefits)
2: Promotion Related Tasks
2: Announcement and Promotion Related Tasks
Stock Ticker installed in September 2022
Champions:
Chair, Associate Dean, Admissions, Academic AdvisingGoals/Target Dates:
Summer 2022 - Online presence; admissions materials
Fall 2022 - Conduct information sessions for current students
Spring 2023 - Purchase stock ticker (naming opportunity)Key Performance Indicators:
Number of students indicating interest and new majors
Course enrollments and number of engaged donors
Promotion of program with a stock ticker in AtkinsonResource Needs:
$750 for promotional materials and $25,000 for stock ticker
3: Secure Technology
3: SECURE TECHNOLOGY TO SUPPORT STUDENT LEARNING AND PROGRAM
Terminals were purchased and installed in September 2023
Identifying prospective donors to fund the Trading Room to cover annual $40K fee
Champion:
Chair, Dean, Development Officer to ChampionGoals/Target Dates:
Craft donor proposal for Bloomberg Terminals by Academic Year 2024Key Performance Indicators:
Number of engaged donorsResource Needs:
$40,000 annually for Bloomberg Terminals
4: Monitor Enrollment
4: Monitor Enrollment Growth and Capacity
Ongoing
Champions:
Chair, Associate DeanGoals/Target Dates:
Increase enrollment in Finance Major to 50 in Academic Year 2024, 100 in AY 2025, 150 in AY 2026
Increase degrees awarded to 5 in Academic Year 2024, 10 in AY 2025, 25 in AY 202Key Performance Indicators:
| AY 23 | AY 24 | AY 25 | AY 26 | AY 27 | |
|---|---|---|---|---|---|
| Majors | 52 | 207 | |||
| Degrees | 3 |
Resource Needs:
Existing resources will likely be sufficient to address growth projections; a major, unanticipated influx of students may lead to a need for faculty line redirection and/or the use of part-time faculty to deliver curriculum