The field of finance is broad and dynamic. The lives of each of us and every organization are directly affected by some facet of finance. There are many areas of study and career opportunities in the financial field. The concepts learned in school and the exposure to specific applications of analysis are universally applicable to a broad base of business organizations.
A simple question to ask: What is finance? It can tersely be defined as the art and science of managing money. Looking further, we see the study of finance as being concerned with the process, institutions, markets and financial instruments involved in the transfer of money among individuals, businesses and governments.
While the dynamic state of finance creates an environment that appears to be complex at times, the other side of the "coin" is that it is always challenging.
Dr. Steven Lifland
Dr. David Rodriguez
Dr. Jim Wehrley
Dean of the Phillips School of Business
The Finance minor offers the student a unique opportunity to encounter both a macro and micro look at the world of financial activity. The student starts out by learning the broader skills needed to analyze and measure the value of financial assets and performance. This is then followed up with the chance to apply these skills in specific pragmatic fianncial decision-making situations.
Requirements for a minor in Finance (18 credits)
ACC 2010. Financial Accounting (3)
FIN 3010. Financial Management (3)
Choose four courses from:
ECO 3310.* Money & Banking (3)
FIN 2010. Personal Financial Planning (3)
FIN 3020. Investment Analysis (3)
FIN 3030. Real Estate Investment Analysis (3)
FIN 4010. International Financial Markets (3)
FIN 4020.** Entrepreneurial Finance (3)
FIN 4030. Financial Analysis (3)
* ECO 3310 has the prerequisites of two of these courses: ECO 2030, ECO 2050, ECO 2010.
** To take FIN 4020, one must declare an entrepreneurship concentration or minor or get permission from the instructor.
A student pursuing a minor in the School of Business must take at least four unique courses beyond those used to fulfill the requirements of his or her major.
Floyd T. Craven Investment Club of High Point University
The Floyd T. Craven Investment Club at High Point University was created in 1998. It was funded with a $100,000 gift from HPU alumnus James E. Foscue in honor of his accountant, Floyd T. Craven, also an alumnus of HPU. Click here for HPU Investment Club
The Floyd T. Craven Investment Club exists to educate undergraduate students in areas of finance and investment analysis. It provides students at High Point University with the opportunity to invest university dollars in the stock market under the guidance of professors of finance in the university's Phillips School of Business.
The activities of the Craven Investment Club are monitored by a Steering Committee. It reviews investment decisions made by the club on a semiannual basis and makes appropriate recommendations based upon the presentation by the Student Investment Board.
Faculty Members: Faculty who teach finance and investment analysis within the Phillips School of Business will advise and train members of the Craven Investment Club. Student Investment Board Members: The Student Investment Board of the Craven Investment Club, subject to oversight by the Steering Committee, will make the investment decisions. The Student Investment Board consists of not fewer than five members nor more than 20 members. While the majority of members come from the School of Business, it is open to all interested students on campus.
All proceeds from investments will remain in the university fund and be reinvested by future members of the Craven Investment Club. Under no circumstances will club funds and personal funds be co-mingled for investment purposes. The funds of the Craven Investment Club shall be subject to internal and external audits conducted annually by or for the Office of Financial Affairs at the university.
Our Mission Statement
The Floyd T. Craven Investment Club seeks to create a portfolio that focuses on long-term capital appreciation. Current income is secondary. The portfolio invests in domestic equity securities selected on a value basis. Equities are sought that trade at prices lower than their intrinsic value.
The managers of the portfolio concentrate on three types of companies:
1. A company that is financially sound and sells at low valuations.
2. A company that maintains a consistent growth rate.
3. A company that experiences rapid growth but is expected to follow a more systematic growth pattern in the future. Club Activities 1. Semiannual luncheon and presentation. 2. Visit the Federal Reserve in Charlotte, N.C. 3. Visit the New York Stock Exchange in New York City.
4. Financial guest speakers
The Faculty Advisor to the Investment Club, Investment Club Vice President, Trading Room Benefactor, and Dean of the School of Business all stand below the portrait of Mr. Plato Wilson who generously donated the funds to build the Wilson Family Commerce Building.