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
Held Open House during Homecoming weekend featuring the new space in ATK 102.- 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 2026Key Performance Indicators:
| AY 23 | AY 24 | AY 25 | AY 26 | |
|---|---|---|---|---|
| Majors | 52 | 207 | 357 | 471 |
| Degrees | 3 | 5 | 28 | 53 |
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. New finance lecturer lines awarded with new hire starting Fall 2025 and Fall 2026. New tenure track finance lines awarded with new hires staring fall 2024 (2) and one search for fall 2027 start.