Corporate Finance

Understanding the Corporate Finance Flexible Core Requirement

These courses serve as an introduction to business finance (corporate financial management and investment) for both non-majors and majors preparing for upper-level coursework. The primary objective is to provide a framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory.

Waiver and Placement Process

Waiver By Credentials

Students who were finance majors in college may place directly into FNCE 612 by submitting credentials such as a transcript. Note that being a finance major is the only credential that allows one to place into FNCE 612 without taking the Placement Exam. Students who were not finance majors but would like to take FNCE 612 will need to pass the Placement Exam to be eligible to register.

IMPORTANT: You must highlight/annotate, on your uploaded transcript, evidence that a Finance major was earned to be considered for waiver by credential. Provide any other supporting documentation as you see fit. Failure to follow these guidelines will result in your request being declined.

Waiver By Exam

The Finance Department recognizes that many students enter the MBA program with strong backgrounds in economics and/or finance. Nonetheless, before permitting them to waive the core courses, we want to verify their mastery of these subjects on a waiver exam. Students who score sufficiently well on the Corporate Finance waiver exam are granted waivers for all three versions of Corporate Finance — the full-semester version (FNCE 611), the accelerated, half-semester version (FNCE 612), and the half-semester version (FNCE 614). Students who hope to take the accelerated version of Corporate Finance (FNCE 612) should register for the Pre-Term preparation class, FNCE 604.

Exam Preparation

Either of the following two books can be used to prepare for the Waiver and Placement Exams.

R. A. Brealey, S. C. Myers, and F. Allen, Principles of Corporate Finance, 11th edition
(New York: McGraw Hill, 2014).

J. Berk, and P. DeMarzo, Corporate Finance, 3rd edition (Boston: Pearson, 2014).