Department of Finance

Mission Statement

The Department of Finance is committed to contributing knowledge in the field of finance through research and education. The department strives to provide high-quality undergraduate and graduate programs in finance and supports other programs within the Carlos Alvarez College of Business. Theory and application are melded to provide an environment in which new ideas are developed to meet the challenges and transformations arising in a changing world of financial practices and innovations, thereby preparing students for successful careers and providing employers with a workforce trained to shape the future. The Department supports high-quality academic research in all areas of finance.

The Department of Finance offers a Bachelor of Business Administration (B.B.A.) degree in Finance and a B.B.A. degree in Real Estate Finance and Development. A major in finance gives students the opportunity to learn the basic financial theories and applications needed in managerial financial decision-making. Areas in finance include corporate finance, investments, insurance, real estate, and financial institutions and markets. The degree in real estate finance and development is designed for students interested in managing businesses associated with real estate and the planning, financing, development, and construction of building projects. The department offers a Minor in Finance that is available only to students pursuing a Bachelor of Business Administration degree.

The department also offers tracks in corporate finance, investment management, and financial institutions to students who wish to specialize in the B.B.A. degree in Finance.

Gateway Course

Students pursuing the B.B.A. degree in Finance must successfully complete the business math gateway course MAT 1053 (TCCN MATH 1324) or equivalent with a grade of "C-" or better in no more than two attempts. A student who is unable to successfully complete this course within two attempts, including dropping the course with a grade of “W” or by taking an equivalent course at another institution, will be required to change their major outside of business. Upon the second failed attempt students will be changed to undeclared and will not be eligible for a Bachelor of Business Administration or a Bachelor of Arts in Economics degree.

“C-” Grade Rule

A grade of “C-” or better required for courses that are a prerequisite to a finance (FIN) course indicates the minimum necessary preparation for further finance education. A student receiving a grade below “C-“ in any course to which this standard applies must repeat the course before enrolling in any course for which it is a prerequisite. This requirement is subject to both the Gateway Course and Three-Attempt Limit rules.

Finance Assessment of Competency Test (FACT)

All Finance and Real Estate Finance and Development students must take and pass the Finance Assessment of Competency Test (FACT) prior to registering for FIN 3023, FIN 3033, FIN 4713, and FIN 4723 . For more information, visit the department web page https://business.utsa.edu/utsa-finance-department/fact/. The FACT test is offered by Testing Services. You must register through MyUTSA Account (ASAP) at least 24 hours in advance to take the FACT. Registration dates are posted on MyUTSA Account (ASAP) every semester. You may take the exams thrice in a single semester.

B.B.A. degree in Finance
- Accelerated M.S. in Finance Program
B.B.A. degree in Real Estate Finance and Development

Bachelor of Business Administration Degree in Finance

The minimum number of semester credit hours for the Bachelor of Business Administration (B.B.A.) degree in Finance is 120, at least 39 of which must be at the upper-division level.

All candidates seeking this degree must fulfill the Core Curriculum requirements, the Common Body of Knowledge requirements, and the degree requirements, which are listed below.

Core Curriculum Requirements (42 semester credit hours)

Students seeking the B.B.A. degree in Finance must fulfill University Core Curriculum requirements in the same manner as other students.

MAT 1053 or MAT 1133 should be used to satisfy the core requirement in Mathematics (020).

ECO 2013 and ECO 2023 should be used to satisfy the core requirement in Social and Behavioral Sciences (080) and the Component Area Option (090).

MAT 1053, ECO 2013, and ECO 2023 may be used to satisfy both Core Curriculum requirements and Common Body of Knowledge (CBK) requirements.

Any core curriculum course taken to fulfill a degree requirement may also apply to the Core Component Area Option requirement.

All degrees in the Carlos Alvarez College of Business require 120 hours. If students elect to take a course that satisfies both a Core and ACOB requirement, students may need to take an additional course to meet the 120 hours.

Click here to view the list of all Core Curriculum Component Area Requirements.

Career Compass: Professional Development Requirement

All undergraduate students in the Alvarez College of Business must complete Career Compass, a structured professional development requirement, as a condition of graduation. Career Compass is fulfilled through approved career-readiness activities that integrate academic learning with industry engagement and employer-valued competencies. Student progress is tracked throughout their academic program. Upon completion of all Career Compass requirements, students are automatically enrolled in BU 1010 Career Compass: Professional Development Program, which serves as official verification of completion.

Common Body of Knowledge (CBK)

All students seeking a B.B.A. degree must complete the following Common Body of Knowledge (CBK) courses in addition to the Core Curriculum. The CBK is comprised of 45 semester credit hours, 9 of which can apply to the core curriculum requirements. Students completing degree course requirements with fewer than 120 semester credit hours will augment their program with electives.

Course List
Code	Title	Credit Hours
ACC 2013	Principles of Accounting I	3
ACC 2033	Principles of Accounting II	3
ECO 2013	Introductory Macroeconomics (satisfies Component Area Option Core Curriculum requirement)	3
ECO 2023	Introductory Microeconomics (satisfies Social and Behavioral Sciences Core Curriculum requirement)	3
FIN 3013	Principles of Business Finance	3
GBA 3001	Foundations of Business Career Readiness ¹	1
GBA 3002	Communication for Business ¹	2
ISC 3003	Principles of Information Systems for Management	3
MAT 1053	Mathematics for Business (satisfies Mathematics Core Curriculum requirement) ²	3
MGT 3013	Introduction to Organization Theory, Behavior, and Management	3
MGT 3113	Legal, Social, and Ethical Issues in Business	3
MKT 3013	Principles of Marketing	3
BAN 1023	Introduction to Business Statistics ³	3
BAN 3123	Fundamentals of Business Analytics ⁴	3
SCM 3013	Principles of Operations and Supply Chain Management (Principles of Operations and Supply Chain Management)	3
Experiential Learning Component (Select at least one) ⁵		3
MGT 4893	Management Strategy (recommended, taken in semester of graduation)
GBA 4033	Communication and Visualization of Impactful Research
GBA 4873	Global Business Immersion I
GBA 4893	Business Consulting Practicum
GBA 4993	Honors Thesis
Supervised undergraduate research experience ⁶
Internship ⁷
Total Credit Hours		45

¹: Students may substitute the pair of GBA 3001 and GBA 3002 with MGT 3003. Students may only apply MGT 3003 or the pair of GBA 3001 and GBA 3002 toward the requirements of a B.B.A. degree.
²: Students may elect to substitute MAT 1093, MAT 1213, MAT 1214, MAT 1223, or MAT 1224 for MAT 1053. Students electing to take a higher-level math will need to meet prerequisites or achieve satisfactory performance on a placement examination. Visit UT San Antonio's Testing Services for more information regarding math placement exams. Actuarial Science majors must take MAT 1213.
³: Actuarial Science majors must take STA 3003 in lieu of BAN 1023.
⁴: Economics majors must take either ECO 3103 Data Analytic Methods for Economics and Business or BAN 3043 Statistical Methods for Business in lieu of BAN 3123. Finance majors are recommended to take ECO 3103 Data Analytic Methods for Economics and Business or BAN 3043 Statistical Methods for Business in lieu of BAN 3123.
⁵: Students pursuing a B.B.A. degree in Cybersecurity Online must complete ISC 4893 to fulfill this requirement. Coursework applied toward the Experiential Learning Component may not be applied toward the major or support work hours. Some Experiential Learning courses may be repeated for additional credit that may be applied toward major or support work hours.
⁶: Undergraduate research experience must be for credit in the College of Business, such as GBA 4033 or GBA 4993.
⁷: Internships must be taken for credit in the College of Business and approved before the internship starts. These courses are designated as 4933 within each department offering a business internship.

Gateway Course

Course List
Code	Title	Credit Hours
MAT 1053	Mathematics for Business (CBK and Gateway, Mathematics Core)	3

Finance Assessment of Competency Test (FACT)

All Finance students must take and pass the Finance Assessment of Competency Test (FACT) prior to registering for FIN 3023, FIN 3033, FIN 4713, and FIN 4723 . For more information, visit the department FACT Exam web page. The FACT test is offered by Testing Services. You must register through myUTSA at least 24 hours in advance to take the FACT. Registration dates are posted on myUTSA every semester. You may take the exams thrice in a single semester.

Degree Requirements

Course List
Code	Title	Credit Hours
A. Major Requirements		36
1. Upper-Division Finance Courses
Complete 24 credit hours in upper-division Finance required courses with a grade of "C-" or better in each course.
FIN 3013	Principles of Business Finance (CBK and Major)
ACC 3053	Intermediate Accounting for Finance Majors ¹
FIN 3023	Intermediate Corporate Finance ²
FIN 3033	Principles of Investment ²
FIN 3313	Interest Rates, Money and Banking
FIN 3063	Computer Modeling of Financial Applications
FIN 3603	Introduction to Data Science for Finance Majors
FIN 4893	Cases and Problems in Finance
2. Upper-Division Finance Electives
Complete 12 credit hours in upper-division Finance electives (neither FIN 3003 Survey of Finance nor FIN 3053 Principles of Personal Finance, may be applied to meeting this requirement). Students may take any finance elective course to satisfy this requirement. If the student chooses to take at least four courses from one track, they may have the track designation indicated in their transcripts. ^{3, 4}
Option 1 - Corporate Finance/Investment Banking Track: Choose four courses from among the courses indicated below:
FIN 3423	Security Analysis and Corporate Valuation I
FIN 3453	Derivative Markets
FIN 3463	Debt Markets
FIN 4333	Business Finance for Entrepreneurs
FIN 4523	Introduction to Risk Management
FIN 4613	Introduction to International Finance
FIN 4913	Independent Study
FIN 4933	Internship in Finance ⁵
Option 2 - Investment Management Track: Choose four courses from among the courses indicated below:
FIN 3423	Security Analysis and Corporate Valuation I
FIN 3453	Derivative Markets
FIN 3463	Debt Markets
FIN 4423	Investment Portfolio Management
FIN 4523	Introduction to Risk Management
FIN 4543	Credit Analysis
FIN 4553	Data Analytics in Finance
FIN 4573	Introduction to FinTech
FIN 4613	Introduction to International Finance
FIN 4913	Independent Study
FIN 4933	Internship in Finance ⁵
Option 3 - Financial Institutions Track: Choose four courses from among the courses indicated below:
FIN 3423	Security Analysis and Corporate Valuation I
FIN 3453	Derivative Markets
FIN 3463	Debt Markets
FIN 4323	Financial Institutions Management
FIN 4523	Introduction to Risk Management
FIN 4543	Credit Analysis
FIN 4553	Data Analytics in Finance
FIN 4573	Introduction to FinTech
FIN 4813	Property-Liability Insurance Finance
FIN 4823	Life and Health Insurance Finance
FIN 4913	Independent Study
FIN 4933	Internship in Finance ⁵
Option 4 - FinTech track: complete four courses from the list below
Students pursuing the FinTech Track can apply one of ECO 3033, ECO 3123, or BAN 3073 to fulfill their Finance elective requirements.
The two courses below are required.
FIN 4553	Data Analytics in Finance
FIN 4573	Introduction to FinTech
Choose an additional two courses from the list below:
ECO 3033	Managerial Economics and Business Strategy
or ECO 3123	Introduction to Econometrics
or BAN 3073	Regression Models for Business Analytics
FIN 3423	Security Analysis and Corporate Valuation I
FIN 3453	Derivative Markets
FIN 4323	Financial Institutions Management
FIN 4913	Independent Study
FIN 4933	Internship in Finance ⁵
B. Support Work ¹		51
MAT 1133	Calculus for Business (required) ⁶
Business Common Body of Knowledge (45 SCH) (9 SCH satisfy core curriculum requirements and 3 SCH satisfy major requirement)
Complete 6 semester credit hours of upper-division business electives. Select from the following subject codes: ACC, BAN, BLW, ECO, ENT, FIN (see footnotes for limitations), GBA, MGT, MKT, RFD, and SCM. ^{3, 5}
Total Credit Hours		87

¹: Finance majors may take ACC 3023 and ACC 3033 in lieu of ACC 3053. Students choosing to take ACC 3023 and ACC 3033 can apply ACC 3033 in place of ACC 3053 in Section A.1., and can apply ACC 3023 toward the support work in Section B.
²: Clearing the FACT exam is a prerequisite to enrollment in FIN 3023 and FIN 3033.
³: FIN 3003 Survey of Finance and FIN 3053 Introduction to Personal Finance may not be applied to meeting this requirement.
⁴: If a student chooses to take at least four courses from one track they may have the track designation indicated on their transcript. The track designation will not appear on the diploma.
⁵: If FIN 4933 Internship in Finance is applied to satisfy the experiential learning CBK requirement, it cannot be used as a finance elective.
⁶: MAT 1133 is a required course for the support work section. This course may apply to both Section B and as a Core Curriculum course. This course must be completed with a grade of "C-" or better. Students may elect to substitute MAT 1213 for MAT 1133.

Course Sequence Guide for B.B.A. Degree in Finance

This course sequence guide is designed to assist students in completing their UT San Antonio undergraduate business degree requirements. This is a term-by-term sample course guide. Students must satisfy other requirements in their catalog and meet with their academic advisor for an individualized degree plan. Progress within this guide depends upon such factors as course availability, individual student academic preparation, student time management, work obligations, and individual financial considerations. Students should make every attempt to take the courses in the indicated sequence. Students may choose to take courses during Summer terms to reduce course loads during long semesters.

Recommended Four-Year Academic Plan¹

Plan of Study Grid
First Year
Fall		Credit Hours
AIS 1233	AIS: Business	3
MAT 1053	Mathematics for Business (core, CBK, gateway) ²	3
WRC 1013	Freshman Composition I (core)	3
American History (core)		3
Life & Physical Sciences (core)		3
	Credit Hours	15
Spring
WRC 1023	Freshman Composition II (core)	3
ECO 2023	Introductory Microeconomics (core and CBK) ²	3
BAN 1023	Introduction to Business Statistics (CBK)	3
ACC 2013	Principles of Accounting I (CBK)	3
MGT 3113	Legal, Social, and Ethical Issues in Business (CBK)	3
	Credit Hours	15
Second Year
Fall
MAT 1133	Calculus for Business	3
ACC 2033	Principles of Accounting II (CBK)	3
ECO 2013	Introductory Macroeconomics (core and CBK) ²	3
ISC 3003	Principles of Information Systems for Management (CBK)	3
MGT 3013	Introduction to Organization Theory, Behavior, and Management (CBK)	3
	Credit Hours	15
Spring
MKT 3013	Principles of Marketing (CBK)	3
ECO 3103 or BAN 3043 or BAN 3123	Data Analytic Methods for Economics and Business (CBK) or Statistical Methods for Business or Fundamentals of Business Analytics	3
FIN 3013	Principles of Business Finance (CBK and Major) ³	3
GBA 3001	Foundations of Business Career Readiness (CBK)	1
GBA 3002	Communication for Business (CBK)	2
SCM 3013	Principles of Operations and Supply Chain Management (CBK)	3
	Credit Hours	15
Third Year
Fall
ACC 3053	Intermediate Accounting for Finance Majors (major) ⁴	3
FIN 3063	Computer Modeling of Financial Applications (Computer Modeling of Financial Applications - (Major))	3
FIN 3313	Interest Rates, Money and Banking (major)	3
FIN 3033	Principles of Investment (major)	3
Life & Physical Science (core) ⁶		3
	Credit Hours	15
Spring
FIN 3023	Intermediate Corporate Finance (major; students are required to clear the FACT exam before enrolling FIN 3023)	3
FIN 3603	Introduction to Data Science for Finance Majors (major)	3
Upper-division FIN elective (3xxx or 4xxx level) or course in a finance track (major)		3
Creative Arts (core)		3
American History (core)		3
	Credit Hours	15
Fourth Year
Fall
BU 1010	Career Compass: Professional Development Program ⁷	0
Upper-division FIN elective (3XXX or 4XXX level) or course in a finance track (major)		3
Upper-division FIN elective (3XXX or 4XXX level) or course in a finance track (major)		3
Upper-division Business elective		3
Government-Political Science (core)		3
Language, Philosophy & Culture (core)		3
	Credit Hours	15
Spring
FIN 4893	Cases and Problems in Finance (major)	3
MGT 4893	Management Strategy (Experiential Learning Option for CBK) ^{5, 6}	3
Upper-division FIN elective (3XXX or 4XXX level) or course in a finance track (major)		3
Upper-division Business elective		3
Government-Political Science (core)		3
	Credit Hours	15
	Total Credit Hours	120

¹: All CBK courses are part of support work in Part B of the Degree Requirements.
²: Carlos Alvarez College of Business students should take MAT 1053, ECO 2013, and ECO 2023 to satisfy both Core Curriculum and CBK requirements.
³: FIN 3013 satisfies both CBK (Part B) and Major Requirements (Part A) for BBA-Finance majors.
⁴: Finance majors may take ACC 3023 and ACC 3033 in lieu of ACC 3053. Students choosing to take ACC 3023 and ACC 3033 can apply the extra 3 hours toward the free electives.
⁵: To fulfill the Experiential Learning Component of the CBK, MGT 4893 is recommended. However, GBA 4873, GBA 4893, a Supervised Undergraduate Research Experience course, or FIN 4933 Internship in Finance may also be used to fulfill this option. Please note, if the FIN 4933 Internship in Finance is used to fulfill the CBK experiential learning requirement, it cannot also be used to fulfill a finance elective requirement.
⁶: If students wish to take GBA 4893 Business Consulting Practicum to fulfill the experiential learning component, they should take it in the Fall semester of the Third year and take the Life & Physical Sciences Core in the Spring semester of the Fourth year.
⁷: Students are auto-enrolled in BU 1010 Career Compass: Professional Development Program once they have become Career Compass complete, usually in the final year of their program.

Accelerated Master of Science in Finance Program

The Department of Finance offers an Accelerated Program in Finance tailored for UT San Antonio students demonstrating exceptional motivation and qualifications. Designed to facilitate a seamless transition into a master’s program, as well as to provide an expedited admission process, this program allows participants to initiate their graduate studies as early as the junior year of their undergraduate education.

The benefit of the accelerated program is it allows students to complete some graduate courses while still earning their undergraduate degree. In addition, students have the potential to reduce their time until graduation (e.g., students can start completing their graduate-level coursework during their junior year) and save money (e.g., students are not charged an application fee and potentially could double count one course), and creates an easier transition into graduate school (i.e., a known admission into graduate school while in their undergraduate education and a constant connection with the UT San Antonio faculty and staff).

Program Admission Requirements

Applications to the accelerated program in Finance must meet the following criteria¹: 1) a current UT San Antonio student, 2) completion of 60 semester credit hours in the semester of application, 3) a minimum grade point average of 3.0, and 4) earn a B.B.A. degree in Finance or other relevant STEM or business domains. Applicants need to apply online² for the accelerated program in Finance and will be provided additional information upon receipt of their submission.

This program is tailored to cater to two distinct groups of individuals:

UT San Antonio students who aspire to pursue a Bachelor of Business Administration (B.B.A.) in Finance or other related business domains and a Master of Science (M.S.) in Finance. After appropriate consultation and approval from the program advisor, these students would be able to replace some of the required M.S. courses with graduate electives. This would remove unnecessary repetition across the courses and allow students to customize the program to better serve their professional needs.
UT San Antonio students from non-Finance STEM disciplines with a strong foundation in quantitative coursework, including but not limited to fields such as statistics, engineering, and other relevant STEM or business domains (e.g., management science, accounting, cyber-security/information systems, economics).

Degree Requirements

Bachelor's Degree Requirement

Students accepted into the Accelerated Program in Finance are required to complete all the degree requirements associated with their bachelor's degree.

M.S. Degree Requirement

Students accepted into the Accelerated Program in Finance are required to complete the standard degree requirement of the M.S. in Finance as outlined in the Graduate Catalog.

Bachelor's/M.S. Classification

Upon acceptance into the Accelerated Program in Finance, students are granted permission to enroll in graduate-level courses while still classified as undergraduates. Upon successful completion of their B.B.A. degree, students will receive a Keep Running with Us (KRWU) application to transition them from undergraduate to graduate student status.

¹: These are the minimum criteria to be accepted into the Accelerated Program in Finance. After completing the online survey, a Finance faculty member will meet with each student to discuss their degree plan and the required expectations to be accepted into the program.
²: Completing the survey is the first of two steps of the application process for the Accelerated Program in Finance. It connects students who are interested in the program with Finance faculty members, offers details about the program and the second step of the application process, fosters mentoring connections with Finance faculty members, and ultimately compiles a roster of students eligible for automatic admission into the M.S. in Finance program through KRWU.

Bachelor of Business Administration Degree in Real Estate Finance and Development

The minimum number of semester credit hours for the Bachelor of Business Administration (B.B.A.) degree in Real Estate Finance and Development is 120, at least 39 of which must be at the upper-division level.

All candidates seeking this degree must fulfill the Core Curriculum requirements, the Common Body of Knowledge requirements, and the degree requirements, which are listed below.

Core Curriculum Requirements (42 semester credit hours)

Students seeking the B.B.A. degree in Real Estate Finance and Development must fulfill University Core Curriculum requirements in the same manner as other students.

MAT 1053 or MAT 1133 should be used to satisfy the core requirement in Mathematics (020).

ECO 2023 should be used to satisfy the core requirement in Social and Behavioral Sciences (080).

ECO 2013 should be used to satisfy the Core Component Area Option (090).

MAT 1053, ECO 2013, and ECO 2023 may be used to satisfy both Core Curriculum requirements and Common Body of Knowledge (CBK) requirements.

Click here to view the list of all Core Curriculum Component Area Requirements.

All degrees in the Carlos Alvarez College of Business (ACOB) require 120 hours. If students elect to take a course that satisfies both a Core and ACOB requirement, students may need to take an additional course to meet the 120 hours.

Career Compass: Professional Development Requirement

Common Body of Knowledge (CBK)

Course List
Code	Title	Credit Hours
ACC 2013	Principles of Accounting I	3
ACC 2033	Principles of Accounting II	3
ECO 2013	Introductory Macroeconomics (satisfies Component Area Option Core Curriculum requirement)	3
ECO 2023	Introductory Microeconomics (satisfies Social and Behavioral Sciences Core Curriculum requirement)	3
FIN 3013	Principles of Business Finance	3
GBA 3001	Foundations of Business Career Readiness ¹	1
GBA 3002	Communication for Business ¹	2
ISC 3003	Principles of Information Systems for Management	3
MAT 1053	Mathematics for Business (satisfies Mathematics Core Curriculum requirement) ²	3
MGT 3013	Introduction to Organization Theory, Behavior, and Management	3
MGT 3113	Legal, Social, and Ethical Issues in Business	3
MKT 3013	Principles of Marketing	3
BAN 1023	Introduction to Business Statistics ³	3
BAN 3123	Fundamentals of Business Analytics ⁴	3
SCM 3013	Principles of Operations and Supply Chain Management (Principles of Operations and Supply Chain Management)	3
Experiential Learning Component (Select at least one) ⁵		3
MGT 4893	Management Strategy (recommended, taken in semester of graduation)
GBA 4033	Communication and Visualization of Impactful Research
GBA 4873	Global Business Immersion I
GBA 4893	Business Consulting Practicum
GBA 4993	Honors Thesis
Supervised undergraduate research experience ⁶
Internship ⁷
Total Credit Hours		45

¹: Students may substitute the pair of GBA 3001 and GBA 3002 with MGT 3003. Students may only apply MGT 3003 or the pair of GBA 3001 and GBA 3002 toward the requirements of a B.B.A. degree.
²: Students may elect to substitute MAT 1093, MAT 1213, MAT 1214, MAT 1223, or MAT 1224 for MAT 1053. Students electing to take a higher-level math will need to meet prerequisites or achieve satisfactory performance on a placement examination. Visit UT San Antonio's Testing Services for more information regarding math placement exams. Actuarial Science majors must take MAT 1213.
³: Actuarial Science majors must take STA 3003 in lieu of BAN 1023.
⁴: Economics majors must take either ECO 3103 Data Analytic Methods for Economics and Business or BAN 3043 Statistical Methods for Business in lieu of BAN 3123. Finance majors are recommended to take ECO 3103 Data Analytic Methods for Economics and Business or BAN 3043 Statistical Methods for Business in lieu of BAN 3123.
⁵: Students pursuing a B.B.A. degree in Cybersecurity Online must complete ISC 4893 to fulfill this requirement. Coursework applied toward the Experiential Learning Component may not be applied toward the major or support work hours. Some Experiential Learning courses may be repeated for additional credit that may be applied toward major or support work hours.
⁶: Undergraduate research experience must be for credit in the College of Business, such as GBA 4033 or GBA 4993.
⁷: Internships must be taken for credit in the College of Business and approved before the internship starts. These courses are designated as 4933 within each department offering a business internship.

Gateway Course

Students pursuing the B.B.A. degree in Real Estate Finance and Development, must successfully complete the business math gateway course MAT 1053 (TCCN MATH 1324) or equivalent with a grade of "C-" or better in no more than two attempts. A student who is unable to successfully complete this course within two attempts, including dropping the course with a grade of “W” or by taking an equivalent course at another institution, will be required to change their major outside of business. Upon the second failed attempt students will be changed to undeclared and will not be eligible for a Bachelor of Business Administration (B.B.A) or a Bachelor of Arts in Economics degree.

Course List
Code	Title	Credit Hours
MAT 1053	Mathematics for Business	3

Finance Assessment of Competency Test (FACT)

All Real Estate Finance and Development students must take and pass the Finance Assessment of Competency Test (FACT) prior to registering for RFD 4713 For more information, visit the department FACT Exam web page. The FACT test is offered by Testing Services. You must register through myUTSA at least 24 hours in advance to take the FACT. Registration dates are posted on myUTSA every semester. You may take the exams thrice in a single semester.

Degree Requirements

Course List
Code	Title	Credit Hours
A. Major Requirements
Complete 15 semester credit hours in upper-division real estate (RFD) courses.		15
RFD 3433 & RFD 3011	Principles of Real Estate and Professional Development for Real Estate I
RFD 4713	Real Estate Finance ¹
RFD 4723 & RFD 3021	Real Estate Investments and Professional Development for Real Estate II
RFD 4733 & RFD 3031	Real Estate Development and Professional Development for Real Estate III
Select 12 semester credit hours in upper-division real estate (RFD) electives from the list below.		12
RFD 4803	Real Estate Law
RFD 4813	Real Estate Contracts
RFD 4823	Facility and Property Management Policies
RFD 4833	Facility and Property Management Practices
RFD 4843	Real Estate Financial Modeling (ARGUS Enterprise)
RFD 4853	Real Estate Appraisal
RFD 4863	Real Estate Market and Data Analysis
RFD 4873	Real Estate Marketing
RFD 4883	Real Estate Special Topics
RFD 4893	Sustainable Construction and LEED Accreditation
RFD 4911	Independent Study
RFD 4912	Independent Study
RFD 4913	Independent Study
RFD 4923	Internship in Real Estate
RFD 4953	Special Studies in Real Estate
B. Support Work		51
Business Common Body of Knowledge (45 SCH) (9 SCH satisfy core curriculum requirements)
MAT 1133	Calculus for Business (core or support course) ²
BAN 3043	Statistical Methods for Business
C. Business Electives		9
Complete 9 hours of upper-division business courses (selected from the following subject codes: ACC, BAN, BLW, ECO, ENT, FIN, GBA, MGT, MKT, RFD, and SCM). Students are encouraged to select additional RFD coursework or modeling and analytics courses from the list below. Students completing the Finance minor should apply FIN 3033 and FIN 3313 toward their business electives and should apply RFD 3433, RFD 4713, & RFD 4723 toward the 9 hours of minor electives to avoid exceeding the 120 hours required for the Real Estate Finance and Development degree.
BAN 3003	Visualization in Business Analytics
BAN 3073	Regression Models for Business Analytics
FIN 3063	Computer Modeling of Financial Applications
FIN 4553	Data Analytics in Finance (Either FIN 3603, ECO 3123, or BAN 3073 are additional pre-requisites to this course)
FIN 4573	Introduction to FinTech
Total Credit Hours		87

¹: Enrollment requires successful completion of the Finance Assessment of Competency Test (FACT). This course is a pre-requisite to RFD 4723.
²: Students may elect to substitute MAT 1213 for MAT 1133.

Course Sequence Guide for B.B.A. Degree in Real Estate Finance and Development

Recommended Four-Year Academic Plan

Plan of Study Grid
First Year
Fall		Credit Hours
AIS 1233	AIS: Business (core)	3
WRC 1013	Freshman Composition I (core)	3
MAT 1053	Mathematics for Business (core and CBK) ¹	3
American History (core)		3
Creative Arts (core)		3
	Credit Hours	15
Spring
ACC 2013	Principles of Accounting I (CBK)	3
BAN 1023	Introduction to Business Statistics (CBK)	3
ECO 2013	Introductory Macroeconomics (core and CBK) ¹	3
MGT 3013	Introduction to Organization Theory, Behavior, and Management (CBK)	3
WRC 1023	Freshman Composition II (core)	3
	Credit Hours	15
Second Year
Fall
MAT 1133	Calculus for Business (support course)	3
MGT 3113	Legal, Social, and Ethical Issues in Business (CBK)	3
MKT 3013	Principles of Marketing (CBK)	3
ACC 2033	Principles of Accounting II (CBK)	3
ECO 2023	Introductory Microeconomics (core and CBK) ¹	3
	Credit Hours	15
Spring
BAN 3123	Fundamentals of Business Analytics (CBK)	3
FIN 3013	Principles of Business Finance (CBK)	3
GBA 3001	Foundations of Business Career Readiness (CBK)	1
GBA 3002	Communication for Business (CBK)	2
ISC 3003	Principles of Information Systems for Management (CBK)	3
SCM 3013	Principles of Operations and Supply Chain Management (CBK)	3
	Credit Hours	15
Third Year
Fall
BAN 3043	Statistical Methods for Business (support course)	3
RFD 3011	Professional Development for Real Estate I	1
RFD 3433	Principles of Real Estate	3
Upper-division RFD elective		3
Life & Physical Science (core) ⁴		3
Upper-division business elective		3
	Credit Hours	16
Spring
RFD 4713	Real Estate Finance ²	3
Upper-division RFD elective		3
Life & Physical Science (core)		3
American History (core)		3
Upper-division business elective		3
	Credit Hours	15
Fourth Year
Fall
BU 1010	Career Compass: Professional Development Program ⁵	0
RFD 3021	Professional Development for Real Estate II	1
RFD 4723	Real Estate Investments	3
Upper-division RFD elective		3
Upper-division business elective		3
Government-Political Science (core)		3
Language, Philosophy & Culture (core)		3
	Credit Hours	16
Spring
RFD 3021	Professional Development for Real Estate II	1
RFD 4733	Real Estate Development (major)	3
MGT 4893	Management Strategy (CBK) ^{3, 4}	3
Upper-division RFD elective		3
Government-Political Science (core)		3
	Credit Hours	13
	Total Credit Hours	120

¹: Carlos Alvarez College of Business students should take MAT 1053, ECO 2013, and ECO 2023 to satisfy both Core Curriculum and CBK requirements.
²: Clearing the FACT exam is a prerequisite to enrollment in RFD 4713.
³: To fulfill the Experiential Learning Component of the CBK, MGT 4893 is recommended. However, GBA 4873, GBA 4893, a Supervised Undergraduate Research Experience course, or RFD 4923 Internship in Real Estate may also be used to fulfill this option. Please note, if the RFD 4923 Internship in Real Estate is used to fulfill the CBK experiential learning requirement, it cannot also be used to fulfill a real estate elective requirement.
⁴: If students wish to take GBA 4893 Business Consulting Practicum to fulfill the experiential learning component, they should take it in the Fall semester of the Third year and take the Life & Physical Sciences Core in the Spring semester of the Fourth year.
⁵: Students are auto-enrolled in BU 1010 Career Compass: Professional Development Program once they have become Career Compass complete, usually in the final year of their program.

Minor in Finance

The Minor in Finance is available to students pursuing a B.B.A. degree or a B.A. Economics degree. B.A. Economics students may register for this minor after successful completion of ACC 2033. All students pursuing the Minor in Finance must complete 18 semester credit hours of coursework.

Course List
Code	Title	Credit Hours
A. Required courses		9
FIN 3013	Principles of Business Finance
FIN 3033	Principles of Investment
FIN 3313	Interest Rates, Money and Banking
B. Upper-division finance electives		9
Select 9 additional semester credit hours of upper-division finance electives. Neither FIN 3003 Survey of Finance nor FIN 3053 Principles of Personal Finance, may be applied to meeting this requirement.
Total Credit Hours		18

To declare a Minor in Finance and obtain advice, students must consult with their academic advisor.

Finance (FIN) Courses

FIN 3003. Survey of Finance. (3-0) 3 Credit Hours.

Prerequisite: ACC 2003 or ACC 2013 or the equivalent. A basic survey course focusing on three aspects of finance: the financial system, corporate finance, and investments. The financial environment will be described along with how the financial system interacts with the economy. Business decisions, efficient allocation of financial resources, and fundamentals of investment will be introduced. This course is designed for nonbusiness majors and cannot be applied toward a degree in the Carlos Alvarez College of Business. Generally offered: Fall, Spring. This course has Differential Tuition. Course Fee: DL01 $75.

FIN 3013. Principles of Business Finance. (3-0) 3 Credit Hours.

Prerequisite: ACC 2013, ECO 2023, MAT 1053, and BAN 1023, or their equivalents; completion or concurrent enrollment in ACC 2033 and ECO 2013. Introduction to financial management techniques. Topics may include time value of money, valuation of stocks and bonds, risk and return, capital budgeting analysis, financing alternatives, financial planning, ratio analysis, short-term financial decisions, working capital, sources and uses of funds, capital structure, dividend policy, lease analysis, options, international financial management, and other topics associated with successful business finance decisions in an internationally competitive environment. (Formerly FIN 3014. Credit cannot be earned for both FIN 3014 and FIN 3013.) Generally offered: Fall, Spring, Summer. Generally Scheduled Location: Main Campus, Online/Internet. This course has Differential Tuition. Course Fee: DL01 $75.

FIN 3023. Intermediate Corporate Finance. (3-0) 3 Credit Hours.

Prerequisites: FIN 3013, or the equivalent, with a grade of "C-" or better and successful completion of the Finance Assessment of Competency Test (FACT); and completion of, or concurrent enrollment in, ACC 3023 or ACC 3053, FIN 3063, and MAT 1133. Advanced discussion of subjects essential to corporate financial management, including short-term credit policies, capital budgeting, risk, sources of long-term funds, financial leverage, and the cost of capital. Special topics such as mergers, bankruptcy, and reorganization may also be considered. Generally offered: Fall, Spring, Summer. This course has Differential Tuition.

FIN 3033. Principles of Investment. (3-0) 3 Credit Hours.

Prerequisite: FIN 3013, or the equivalent, with a grade of "C-" or better; successful completion of the Finance Assessment of Competency Test (FACT) Exam; and completion of, or concurrent enrollment in MAT 1133. Introduction to securities markets; analysis of money market instruments, mutual funds, stocks, bonds, options, futures, and other securities; investment management in the light of tax considerations, timing, and selected portfolio needs. Generally offered: Fall, Spring, Summer. This course has Differential Tuition. Course Fee: DL01 $75.

FIN 3053. Introduction to Personal Finance. (3-0) 3 Credit Hours.

Prerequisite: Completion of Math core component course. This course is an introduction to personal finance, including goal setting, cash management, credit, insurance, taxes, housing, investment alternatives, and retirement plans. This course may not be applied toward a major or a minor in finance. Further, it cannot be used as a substitute for FIN 3013 or as a Finance Elective. However, other business majors can use this course to satisfy their business or free elective requirements. This course has Differential Tuition.

FIN 3063. Computer Modeling of Financial Applications. (3-0) 3 Credit Hours.

Prerequisite: FIN 3013 or the equivalent. Provides the opportunity to develop computer modeling skills and techniques for analyzing financial situations encountered in business, including the analysis of financial statements, portfolio management, and principles of investment analysis of securities. Financial databases are introduced to expose students to real world applications. Financial issues involving uncertainty may be examined. (Formerly FIN 4873. Credit cannot be earned for both FIN 4873 and FIN 3063.) This course has Differential Tuition.

FIN 3313. Interest Rates, Money and Banking. (3-0) 3 Credit Hours.

Prerequisite: ECO 2013 or the equivalent. Elements of the foundations of interest rates, monetary theory; relationships between money, prices, production, and employment; factors determining money supply; and operation of capital markets with reference to the United States with an emphasis on its relationship to financial decision-making (Credit cannot be earned for both ECO 3313 and FIN 3313.) This course has Differential Tuition. Course Fee: DL01 $75.

FIN 3423. Security Analysis and Corporate Valuation I. (3-0) 3 Credit Hours.

Prerequisite: FIN 3033 or the equivalent and completion of, or concurrent enrollment in, ACC 3023 or ACC 3053, FIN 3023, and FIN 3063. Advanced financial analysis and valuing the financial claims of a company. Focus will be on companies in these sectors: Consumer Staples, Consumer Discretionary, Materials, Industrials, and Information Technology. Building on financial analysis, forecasting, and valuation skills learned in previous coursework. Generally offered: Fall. This course has Differential Tuition.

FIN 3433. Principles of Real Estate. (3-0) 3 Credit Hours.

General introduction to the subject matter and terminology of real estate as a business and profession. This course introduces students to how real estate builds wealth. Topics may include legal and regulatory concerns, legal foundations to value, conveying real property interests, market based valuation, introduction to appraisal, mortgage financing, real estate brokerage, real property management, and real estate contracts. This course serves as the foundation to further study in real estate finance and development. (Same as RFD 3433. Credit cannot be earned for both RFD 3433 and FIN 3433.) Generally offered: Fall, Spring, Summer. This course has Differential Tuition. Course Fee: DL01 $75.

FIN 3453. Derivative Markets. (3-0) 3 Credit Hours.

Prerequisite: FIN 3033. This course covers the theoretical and practical aspects of futures, options, and other derivative instruments, which have become some of the most important tools of modern finance. While the primary focus is on financial derivatives, contracts based on commodities, and other nonfinancial variables are also covered. Topics include market institutions and trading practices, valuation models, hedging, and other risk management techniques. This course has Differential Tuition. Course fee: DL01 $75.

FIN 3463. Debt Markets. (3-0) 3 Credit Hours.

Prerequisites: FIN 3023 and FIN 3033. Describes important fixed income securities and markets, and develops tools for valuing fixed income securities, managing interest rate risk and constructing fixed income portfolios. The course covers traditional bonds and term structure concepts as well as securitized products, fixed income derivatives, and interest rate models. Various data sources and financial software are used to integrate theoretical concepts with practical applications. This course has Differential Tuition. Course fee: DL01 $75.

FIN 3603. Introduction to Data Science for Finance Majors. (3-0) 3 Credit Hours.

Prerequisite: MAT 1133, FIN 3063, and one of the following: ECO 3103, MS 3043, or MS 3123. This course helps students make financial decisions under uncertainty by applying statistical inference procedures and modeling, performing risk analysis using spreadsheets, sensitivity analysis, and Monte Carlo simulations, and using the Excel Solver to analyze optimization problems such as portfolio optimization. This course has Differential Tuition.

FIN 4123. Security Analysis and Corporate Valuation II. (3-0) 3 Credit Hours.

Prerequisite: FIN 3423. Advanced financial analysis and valuing the financial claims of a company. Focus will be on companies in these sectors: Energy, Health Care, and Financials. Students who have completed this course will have learned specialized financial analysis, industry-unique ratios, and advanced forecasting techniques for valuation. Generally offered: Spring. This course has Differential Tuition.

FIN 4323. Financial Institutions Management. (3-0) 3 Credit Hours.

Prerequisite: FIN 3013 with a grade of "C-" or better. Direction and coordination of the various functions of the financial firm, including money position, lending, and capital management. Emphasis on asset and liability management in a changing environment of regulation, competition, and financial intermediation. Generally offered: Spring. This course has Differential Tuition.

FIN 4333. Business Finance for Entrepreneurs. (3-0) 3 Credit Hours.

Prerequisite: FIN 3013 with a grade of "C-" or better. Development of financial management techniques for developing businesses. Topics include cash flow projections, managing cash and working capital, estimating cost of capital, project evaluation, issues of limited diversification, and nontraditional sources of funds as well as growth and exit strategies. Generally offered: Fall, Spring. This course has Differential Tuition.

FIN 4423. Investment Portfolio Management. (3-0) 3 Credit Hours.

Prerequisite: GBA 3001, GBA 3002, and FIN 3033; or their equivalents. Application of investment principles to management of investment portfolios of individuals and institutions; consideration of business cycles, investment constraints, portfolio construction, investment timing, and securities selection. Analysis of derivative securities and their use in the portfolio context. Generally offered: Summer. This course has Differential Tuition. Course Fee: BISP $10; BTSI $15.41; LRB1 $15.41.

FIN 4523. Introduction to Risk Management. (3-0) 3 Credit Hours.

Prerequisites: GBA 3001, GBA 3002, and FIN 3013; or their equivalents, or consent of instructor and approval of the Department Chair and the Dean of the College. Develop an understanding of the risk management process including risk identification, risk analysis, and risk measurement; investigate methods of risk mitigation techniques such as immunization, diversification, risk financing, risk control, hedging and insurance with applications. Generally offered: Spring. This course has Differential Tuition.

FIN 4543. Credit Analysis. (3-0) 3 Credit Hours.

Prerequisite: GBA 3001, GBA 3002, and FIN 3013; or their equivalents, or consent of instructor and approval of the Department Chair and the Dean of the College. The course will provide an introduction to credit analysis. Topics covered will include: financial statement analysis; identification of relevant factors affecting the economy, industry, and the firm; default risk measures and recovery rates; structure and documentation of debt contracts; and tools to mitigate default risk. This course has Differential Tuition. Course Fee: BISP $10; BTSI $15.41; LRB1 $15.41.

FIN 4553. Data Analytics in Finance. (3-0) 3 Credit Hours.

Prerequisite: FIN 3013 or the equivalent, with a grade of "C-" or better, and one of the following: FIN 3603, ECO 3123, or MS 3073. This course will introduce students to data science for financial applications using the R or Python programming language. Topics may include a variety of empirical questions from different areas within finance, including FinTech, asset management, fixed income, derivatives, corporate finance, corporate governance, venture capital, and private equity. The course will highlight how big data and data analytics shape the way finance is practiced by focusing on problems currently confronting finance professionals. Prior experience with R or Python may be beneficial but is not required. This course has Differential Tuition. Course Fee: DL01 $75.

FIN 4573. Introduction to FinTech. (3-0) 3 Credit Hours.

Prerequisite: FIN 3013 or the equivalent, with a grade of "C-" or better. This course on Financial Technology (FinTech) aims to provide students with an introduction to the financial industry and a broad overview of the FinTech universe. The course specifically covers the role of technological innovations in shaping the financial services industry, emerging business models and products, and key factors, such as AI/ML, blockchain, and data/APIs, that are enabling a massive disruption across the industry. It also provides an overview of the market structure, regulation, and functions of the financial industry, in addition to techniques for founding and funding FinTech startups. Prior experience with Python may be beneficial but is not required. This course has Differential Tuition. Course Fee: DL01 $75.

FIN 4613. Introduction to International Finance. (3-0) 3 Credit Hours.

Prerequisites: GBA 3001, GBA 3002, and FIN 3013; or their equivalents. Study of underlying forces in international financial relations and the unique problems of international trade, investments, and operations; examination of multinational business finance and its economic, legal, and political dimensions. Generally offered: Fall, Spring, Summer. This course has Differential Tuition.

FIN 4713. Mortgage Banking and Real Estate Finance. (3-0) 3 Credit Hours.

Prerequisite: FIN 3013, FIN 3433, or their equivalents, with a grade of "C-" or better; and successful completion of the Finance Assessment of Competency Test (FACT) Exam. Planning, structure, and analysis of real estate financing from the viewpoints of both the users and suppliers of funds; examination of various techniques and legal instruments; institutional constraints and their effects on real estate lending activities; and federal, state, and local laws governing housing discrimination, equal credit opportunity, and community reinvestment. (Same as RFD 4713. Credit cannot be earned for both RFD 4713 and FIN 4713.) Generally offered: Fall. This course has Differential Tuition. Course Fee: DL01 $75.

FIN 4723. Principles of Real Estate Investment. (3-0) 3 Credit Hours.

Prerequisite: FIN 3013, FIN 3433, or their equivalents, with a grade of "C-" or better; and successful completion of the Finance Assessment of Competency Test (FACT) Exam. Analysis of real estate investment alternatives; feasibility and site analysis; tax considerations; income and expense analysis; discounted cash flow analysis; profitability measurement; and forms of ownership. (Same as RFD 4723. Credit cannot be used for both RFD 4723 and FIN 4723.) Generally offered: Spring. This course has Differential Tuition. Course Fee: DL01 $75.

FIN 4813. Property-Liability Insurance Finance. (3-0) 3 Credit Hours.

Prerequisites: GBA 3001, GBA 3002, and FIN 3013; or their equivalents. Analysis and management of risk and insurance, including the insurance contract, property insurance, liability insurance, business insurance, the insurance agency, financial structure and management of property-liability companies, and contemporary problems of property-liability insurance. Generally offered: Spring. This course has Differential Tuition.

FIN 4823. Life and Health Insurance Finance. (3-0) 3 Credit Hours.

Prerequisite: GBA 3001, GBA 3002, and FIN 3013; or their equivalents. Philosophy of the life risk is developed, as well as an understanding of the special character of life and health insurance, human life value, the customary and special uses of life insurance, and the history of life insurance companies. Life, health, and disability insurance contracts are investigated in addition to term and whole life insurance, agency structure, and current issues of life and health insurance. Generally offered: Fall. This course has Differential Tuition.

FIN 4853. Real Estate Appraisal. (3-0) 3 Credit Hours.

Prerequisite: FIN 3013 and FIN 3433. Functions and methods of property valuation, including comparable sales analysis, cost depreciation analysis, and income capitalization; residential and income property appraisal techniques and reporting. (Same as RFD 4853. Credit cannot be earned for both FIN 4853 and RFD 4853. Finance majors cannot take RFD 4853 as an upper-division finance elective.) This course has Differential Tuition.

FIN 4893. Cases and Problems in Finance. (3-0) 3 Credit Hours.

Prerequisites: ACC 3023 or ACC 3053, FIN 3023, FIN 3033, FIN 3313, FIN 3063, and MAT 1133 with a grade of C- or better in each course and senior standing. Integration of financial concepts and financial tools to enable strategic financial decision making in a wide variety of situations. Topics include corporate finance, investments, international finance, risk management, and other aspects of finance. Generally offered: Fall, Spring. This course has Differential Tuition. Course fees: DL01 $75.

FIN 4913. Independent Study. (0-0) 3 Credit Hours.

Prerequisites:A 3.0 Carlos Alvarez College of Business grade point average, GBA 3001, GBA 3002, and permission in writing from the instructor, the Department Chair, and the Dean of the Carlos Alvarez College of Business. Independent reading, research, discussion, and/or writing under the direction of a faculty member. May be repeated for credit, but not more than 6 semester credit hours of independent study, regardless of discipline, will apply to a bachelor’s degree. This course has Differential Tuition.

FIN 4933. Internship in Finance. (0-0) 3 Credit Hours.

Prerequisite: MGT 3003, 6 semester credit hours of upper-division finance courses, a 2.5 university grade point average, and approval in writing from the instructor, the Department Chair, and the Associate/Assistant Dean of Undergraduate Studies in the Carlos Alvarez College of Business. Directed internship of at least 160 hours of work under the supervision of a finance professional, providing students with opportunities to apply concepts, principles, and techniques learned in the classroom. Written report required. A proposal form must be completed and approved prior to registration. May be repeated once for credit (for a total of 6 semester credit hours). Generally offered: Fall, Spring, Summer. This course has Differential Tuition.

FIN 4943. Finance Case Competition. (3-0) 3 Credit Hours.

Prerequisite: Consent of instructor. Students will enhance their analytical, problem-solving, and presentation skills through participation in national or global finance case competitions. Students will work in teams to analyze complex scenarios, develop strategic solutions, and present their recommendations to panels of judges consisting of industry professionals or case competition organizers. This course has Differential Tuition.

FIN 4951. Special Studies in Finance. (1-0) 1 Credit Hour.

Prerequisite: GBA 3001, GBA 3002, and consent of the instructor, and approval of the Department Chair and the Dean of the College. An organized course offering the opportunity for specialized study not normally or not often available as part of the regular course offerings. Special Studies may be repeated for credit when the topics vary, but not more than 6 semester credit hours, regardless of discipline, will apply to a bachelor’s degree. This course has Differential Tuition. Course Fee: BISP $10; BTSI $15.41; LRB1 $15.41.

FIN 4953. Special Studies in Finance. (3-0) 3 Credit Hours.

Prerequisite: FIN 3033 or consent of instructor. An organized course offering the opportunity for specialized study not normally or not often available as part of the regular course offerings. Special Studies may be repeated for credit when the topics vary, but not more than 6 semester credit hours, regardless of discipline, will apply to a bachelor’s degree. This course has Differential Tuition.

Real Estate (RFD) Courses

RFD 3011. Professional Development for Real Estate I. (1-0) 1 Credit Hour.

Prerequisite: Real Estate Finance and Development major or minor; concurrent enrollment in RFD 3433. Special topics and professional development activities. This course has Differential Tuition.

RFD 3021. Professional Development for Real Estate II. (1-0) 1 Credit Hour.

Prerequisite: Real Estate Finance and Development major or minor; concurrent enrollment in RFD 4723. Special topics and professional development activities. This course has Differential Tuition.

RFD 3031. Professional Development for Real Estate III. (1-0) 1 Credit Hour.

Prerequisite: Real Estate Finance and Development major or minor; concurrent enrollment in RFD 4733. Special topics and professional development activities. This course has Differential Tuition.

RFD 3433. Principles of Real Estate. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance Development major or minor. This course introduces students to the fundamental principles of real estate and explores key topics such as real estate as a job, home ownership, matters affecting title, plats and surveys, real estate brokerage and agency, contracts, financing, and fair housing. (Same as FIN 3433. Credit cannot be earned for both RFD 3433 and FIN 3433.) This course has Differential Tuition.

RFD 3523. Real Estate Law. (3-0) 3 Credit Hours.

Topics may include the legal environment of real property ownership and transfer and legal brokerage; estates in land; sales contracts; mortgage transactions; title conveyances; landlord and tenant; restrictions and zoning; eminent domain; and negotiations. (Same as BLW 3523. Credit cannot be earned for both RFD 3523 and BLW 3523.) Generally offered: Fall. This course has Differential Tuition. Course Fee: DL01 $75.

RFD 3571. Real Estate Seminar. (1-0) 1 Credit Hour.

Prerequisite: Declared Real Estate Finance and Development major or minor. Weekly presentations of current topics in real estate. This seminar may be repeated one time for a total of two semester credit hours. This course has Differential Tuition. Course Fee: BISP $10; BTSI $15.41; LRB1 $15.41.

RFD 4303. Facility and Property Management Policies and Procedures. (3-0) 3 Credit Hours.

Prerequisite: MGT 3013. The implementation of professional policies, standards, practices, and procedures for the leasing, operation and maintenance of facilities. Topics include the facility management profession, leasing, and the acquisition, installation, operation, maintenance and disposition of building systems, furniture and fixtures, and grounds and exterior elements. (Formerly FM 4303 and MGT 4303. Credit cannot be earned for more than one of the following: FM 4303, MGT 4303, or RFD 4303.) This course has Differential Tuition.

RFD 4313. Facility and Property Management Practices. (3-0) 3 Credit Hours.

Prerequisite: MGT 3013. The application of management practices to the operation of facilities. Topics include the study of human and environmental factors, building safety, building audits, building technology, emergency preparedness, the use and changing uses of facilities, and continuous quality improvement. (Formerly FM 4313 and MGT 4313. Credit cannot be earned for more than one of the following: FM 4313, MGT 4313, or RFD 4313.) This course has Differential Tuition.

RFD 4713. Real Estate Finance. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance Development major or minor, FIN 3013 and RFD 3433 or their equivalents, with a grade of "C-" or better; and successful completion of the Finance Assessment of Competency Test (FACT) Exam. Planning, structure, and analysis of real estate financing from the viewpoints of both the users and suppliers of funds; examination of various techniques and legal instruments; institutional constraints and their effects on real estate lending activities; and federal, state, and local laws governing housing discrimination, equal credit opportunity, and community reinvestment. (Same as FIN 4713. Credit cannot be earned for more than one of the following: FIN 4713 and RFD 4713.) This course has Differential Tuition.

RFD 4723. Real Estate Investments. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance Development major or minor and RFD 4713. Planning, structure, and analysis of real estate financing from the viewpoints of both the users and suppliers of funds; examination of various techniques and legal instruments; institutional constraints and their effects on real estate lending activities; and federal, state, and local laws governing housing discrimination, equal credit opportunity, and community reinvestment. (Same as FIN 4723. Credit cannot be earned for more than one of the following: FIN 4723 and RFD 4723.) This course has Differential Tuition.

RFD 4733. Real Estate Development. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance and Development major or minor and RFD 4723. The examination of the principles involved in creating value through the real estate development process. Economic, regulatory, planning, sustainability, financing, management, and disposition issues are considered in the marketing and financial analyses of development prospects. (Formerly FIN 4733. Credit cannot be earned for both FIN 4733 and RFD 4733.) This course has Differential Tuition. Course Fee: DL01 $75.

RFD 4743. Real Estate Decision Making. (3-0) 3 Credit Hours.

Prerequisite: FIN 3433. This course introduces students to real estate market and investments analysis. Topics may include real estate market analysis, commercial research resources and processes, Excel modeling, and Argus Enterprise. This course has Differential Tuition.

RFD 4753. Real Estate Contracts. (3-0) 3 Credit Hours.

Prerequisite: FIN 3433. This course introduces students to real estate contracts. Topics may include common law contract and statutory contract law elements, types and forms of common law contracts and leases, residential and commercial contract/lease review, understanding contract terms and clauses, negotiation, and any other legal or regulatory issues related to contracts or leases. This course has Differential Tuition. Course Fee: BISP $10; BTSI $15.41; LRB1 $15.41.

RFD 4763. Real Estate Marketing. (3-0) 3 Credit Hours.

Prerequisite: MKT 3013. Focuses on the processes involved in professionally marketing and selling real estate. Emphasis is on integrating the four elements of a marketing mix—promotion, place, product, and price—and showing how they are used within the real estate industry to create marketing strategies. Formerly MKT 4763, credit cannot be earned for both MKT 4763 and RFD 4763. This course has Differential Tuition.

RFD 4773. Real Estate Data Analysis. (3-0) 3 Credit Hours.

Prerequisite: Declared Real Estate Finance and Development major or minor. Study of applications and quantitative real estate market data to support business decision making. This course has Differential Tuition.

RFD 4803. Real Estate Law. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance Development major or minor. Topics may include the legal environment of real property ownership and transfer, legal brokerage, estates in land, contracts, financing, title, landlord and tenant, restrictions, zoning, and eminent domain. This course has Differential Tuition.

RFD 4813. Real Estate Contracts. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance Development major or minor. This course introduces students to real estate contracts. Topics may include common law and statutory contract elements, types and forms of commercial and residential contracts and leases, contract/lease review, contract terms and clauses, negotiation, and other legal or regulatory issues related to contracts or leases. This course has Differential Tuition.

RFD 4823. Facility and Property Management Policies. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance and Development Major or Minor. The implementation of professional policies, standards, practices, and procedures for the leasing, operation, and maintenance of facilities. Topics include the facility management profession, leasing, and the acquisition, installation, operation, maintenance, and disposition of building systems, furniture and fixtures, and grounds and exterior elements. This course has Differential Tuition.

RFD 4833. Facility and Property Management Practices. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance Development major or minor. The application of management practices to the operation of facilities. Topics include the study of human and environmental factors, building safety, building audits, building technology, emergency preparedness, the use and changing uses of facilities, and continuous quality improvement. This course has Differential Tuition.

RFD 4843. Real Estate Financial Modeling (ARGUS Enterprise). (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance Development major or minor and RFD 4723. An overview of the fundamental skills of real estate financial modeling, cash flow analysis, asset valuation, and underwriting using ARGUS Enterprise. Students will create management reports used by senior executives in the acquisition of real estate. ARGUS Enterprise certification exam may be a requirement for course completion (requires an additional fee). This course has Differential Tuition.

RFD 4853. Real Estate Appraisal. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance and Development major or minor and FIN 3013. Functions and methods of property valuation, including comparable sales analysis, cost depreciation analysis, and income capitalization; residential and commercial appraisal techniques and reporting. (Same as FIN 4853. Credit cannot be earned for both RFD 4803 and FIN 4853.) This course has Differential Tuition.

RFD 4863. Real Estate Market and Data Analysis. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance Development major or minor. This course uses the tools, techniques, and strategies for transforming raw data into actionable insights, and equips you with the skills to interpret market signals, evaluate property values, and make data-driven decisions. You will explore critical concepts such as property valuation, market trend analysis, risk assessment, portfolio optimization, and the ability to assess investment opportunities. This course has Differential Tuition.

RFD 4873. Real Estate Marketing. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance and Development, major or minor. Marketing concepts, developing a business plan, lead generation, prospecting and target marketing, tools and technology, marketing research and data analysis, product and pricing strategies, pricing your services, marketing strategies, client engagement, state and federal laws, and ethics. This course has Differential Tuition.

RFD 4883. Real Estate Special Topics. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance and Development major or minor, RFD 4723, and consent of instructor. This hands-on course immerses students in real-world real estate transactions, analyzing actual deals from acquisition to exit. Through case studies, guest lectures, and interactive simulations, students will explore various property types, investment strategies, financing structures, and deal negotiations. Key topics include market analysis, deal structuring, risk assessment, value-add strategies, and the impact of economic trends on real estate investments. Students will evaluate past and current deals, gaining practical insights into what makes a transaction successful. This course has Differential Tuition.

RFD 4893. Sustainable Construction and LEED Accreditation. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance and Development major or minor. This course provides an in-depth exploration of sustainable construction practices with a focus on the principles and guidelines set forth by the Leadership in Energy and Environmental Design (LEED) Green Building Rating System. Students will learn how to incorporate environmental responsibility, resource efficiency, and sustainable site development into construction. LEED Green Associate exam may be a requirement for course completion (requires an additional fee). This course has Differential Tuition.

RFD 4911. Independent Study. (0-0) 1 Credit Hour.

Prerequisite: A 3.0 Carlos Alvarez College of Business grade point average (see academic advisor for required forms). Independent reading, research, discussion, and/or writing under the direction of a faculty member. May be repeated for credit, but not more than 6 semester credit hours of independent study, regardless of discipline, will apply to a bachelor’s degree. This course has Differential Tuition.

RFD 4912. Independent Study. (0-0) 2 Credit Hours.

RFD 4913. Independent Study. (0-0) 3 Credit Hours.

Prerequisite: Real Estate Finance Development major or minor, a GPA of 3.0 on a 4.0 scale, and approval in writing from the instructor. Independent reading, research, discussion, and/or writing under the direction of a faculty member. May be repeated for up to 6 credits when topics vary. This course has Differential Tuition.

RFD 4923. Internship in Real Estate. (0-0) 3 Credit Hours.

Prerequisite: Real Estate Finance and Development major or minor, RFD 3433 or equivalent, a 2.5 university grade point average, and approval in writing from the instructor, the Department Chair, and the Associate/Assistant Dean of Undergraduate Studies in the Carlos Alvarez College of Business. Directed internship of at least 160 hours of work under the supervision of an individual or organization providing students with opportunities to apply concepts, principles, and techniques learned in the classroom. Written report required. A proposal form must be completed and approved prior to registration. Internship may be repeated once for a total of 6 semester credit hours. This course has Differential Tuition.

RFD 4951. Special Studies in Real Estate. (1-0) 1 Credit Hour.

Prerequisite: Declared Real Estate Finance and Development major or minor. An organized course offering the opportunity for specialized study not normally or not often available as part of the regular course offerings. Special Studies may be repeated for credit when the topics vary, but not more than 6 semester credit hours, regardless of discipline, will apply to a bachelor’s degree. This course has Differential Tuition. Course Fee: BISP $10; BTSI $15.41; LRB1 $15.41.

RFD 4952. Special Studies in Real Estate. (2-0) 2 Credit Hours.

RFD 4953. Special Studies in Real Estate. (3-0) 3 Credit Hours.

Prerequisite: Real Estate Finance and Development major or minor. An organized course offering the opportunity for specialized study not normally or not often available as part of the regular course offerings. Special Studies may be repeated for credit when the topics vary, but not more than 6 semester credit hours, regardless of discipline. This course has Differential Tuition. Course Fee: BISP $10; BTSI $15.41; LRB1 $15.41.

RFD 4973. Real Estate Seminar. (3-0) 3 Credit Hours.

Prerequisite: Declared Real Estate Finance and Development major or minor. Current topics in real estate. This course has Differential Tuition. Course Fee: BISP $10; BTSI $15.41; LRB1 $15.41.

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