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St. Cloud State University

St. Cloud State University

Undergraduate Bulletin Table of Contents

Finance, Insurance and Real Estate (FIRE) Undergraduate Programs

463 CENTENNIAL HALL/(320) 308-4986

Also see College of Business descriptions and requirements.

Programs at a Glance

Degree programs

  • BS – Finance
  • BS – Insurance
  • BS – Real Estate
  • Minor – Finance
    • Insurance
    • Real Estate
  • Minor (BES) – Finance
    • Insurance
    • Real Estate

Program admission and performance requirements

Admission – College of Business

  • 2.65 GPA or higher overall
  • completion of 45 credits, including COB 111, ENGL 191, CMST 192, MATH 196 and ACCT 291
  • grade of “C” or better in MATH 196, ACCT 291 and BCIS 242
  • enrollment in or completion of ACCT 292, BLAW 235, ECON 205, ECON 206 and BCIS 242
  • grade of “C” or better in an introductory computing course

Academic Standing – College of Business

  • 2.00 GPA or higher overall

University minimum requirements for bachelor’s degrees

  • 120 credits
  • 40 credits in General Education
  • 1 credit in PESS 122
  • 45 credits in upper-division (300-400) courses
  • 30 credits in residence at SCSU
  • 2.00 GPA overall, in major, and in minor (departments may set higher standards)

(See this section and the section on the G.R. Herberger College of Business for more information.)

Chairperson: Steven Mooney
Faculty: Bohnen, Gangopadhyay, Haley, Hudson, Jamdee, Li, S. Mooney, Supanvanij, Wang, Zhang

The finance major prepares the student for positions as financial managers and investment analysts in private business or non-profit organizations and within governmental units. Those completing the program are qualified for employment in the securities industry, financial intermediaries, financial management or investment organizations, international finance, and in government regulatory, administrative or service agencies.

The risk management and insurance major offers a full array of courses and provides an opportunity for specialization areas. Career opportunities are available in areas of risk management, risk management consulting, property and liability insurance sales, life and health insurance sales, insurance company operations and management, actuarial science, social insurance, insurance regulation, and insurance support services.

The real estate majors are given a choice among numerous career specializations. Career opportunities are available in brokerage, sales, appraisal, financing, investments, contracting, planning and development, property management, and construction management. Under the direction of the Minnesota Chair in Real Estate, this is the most diversified real estate program in the upper Midwest.

Minnesota Chair in Real Estate
Steven P. Mooney

The Minnesota Chair in Real Estate, established in 1978, was the first endowed professorship in the State University System. The chair was initially funded by individuals and organizations in the real estate industry for the purpose of providing an academic major in real estate and continuing education for real estate practitioners. Today the chair is self sustaining. Other programs of the Minnesota Chair in Real Estate include the Minnesota Real Estate Research Center.

Bachelor of Science

Major (70-73)*
A 2.65 GPA is required to apply for a FIRE major. A major in finance, insurance or real estate includes the business core plus one of the following programs:

Insurance (30)
Required (18): FIRE 375, 378, 475, 476, 479, 480.
Select two courses (6) from the following: FIRE 373,471, 472, 474, 487.
Select one of the following (3): MGMT 352, 365, 467, MKTG 415. FIRE 444 Internship OR a Non-College of Business elective with adviser approval (3).

Real Estate (33)
Required (24): FIRE 375, 378, 386, 483, 484; BLAW 434; ECON 465, CMTY 200.
Select 9 credits from one of the following areas: brokerage management, sales and marketing, building and construction, finance and investments, planning and development, real estate appraisal, property management, and insurance. Electives selected to fulfill requirements of the major require adviser approval.

Finance (33)
Required (21): FIRE 373, 375, 378, 471, 472; ECON 471; ACCT 371.
Select at least four electives, one from Group I, two from Group II and one from Group III (12).
Group I: FIRE 473, 474, 481, 487
Group II: FIRE 386, 473, 474, 475, 476, 479, 480, 481, 483, 484, 487, 490, 498
Group III: FIRE 386, 473, 474, 475, 476, 479, 480, 481, 483, 484, 487, 490, 498; ACCT 482, 483; MKTG 415, BLAW 434, 436; MGMT 462, 365, 479, 452, 470; MATH 211, 212, 222, 312; PHIL 481; CMST 211, 213, 341, 441; ECON 405, 406, 417, 460, 470, 472, 485, 486; BCIS 150, 341, 350.

Finance, Insurance, or Real Estate Minor for Business Majors (15)
Five upper-division FIRE courses in either finance, or insurance, or real estate, selected with the prior approval of the student's minor adviser. Note: Non-FIRE majors would ordinarily be required to include FIRE 373, 375, and 378 as three of the five courses.

Finance, insurance or real estate minor for nonbusiness majors and/or Bachelor of Elective Studies students (24)
ACCT 291, 292; BLAW 235, FIRE 371, 375, 378 and 6 credits from 300-400 level FIRE department courses elected from area of finance, insurance or real estate (approved in advance by minor adviser).

Notes
Non-business majors who choose to minor in business may take no more than 30 credits of their total university course work in the College of Business.

  1. Selected courses are an integral part of the international business program described in this catalog.
  2. Only students admitted to a business major or minor program and who have completed 60 semester credits (junior standing) may enroll in 300 and 400 level courses. FIRE Department permission required for all other students.
  3. Business students should consult their adviser before enrolling in 201 due to the 50% rule.