The academic mission of the department of finance is to provide an educational experience that:
stimulates student learning through open dialogue and informed discourse both inside and outside the classroom
actively engages students in their own learning through problem-based casework, participation in real-world business laboratories, and/or internships in the financial community; and
prepares students to successfully meet the rigors of the challengingly diverse career opportunities in finance.
Students who elect to major in finance can choose from one of five concentrations. This choice should reflect the student's primary career focus and electives listed in other finance concentrations should be used to complement the coursework in the chosen concentration. Careers in finance that are analytically oriented will generally require proficiency in accounting, economics, and quantitative methods. In contrast, careers in finance that are sales or management oriented will generally require marketing and management skills. Finance majors are strongly encouraged to consult with departmental faculty advisers and/or the department chair in developing their curriculum.
Conde Nast Positions Sauerberg for Possible CEO Succession The Wall Street Journal reports that magazine publisher Condé Nast has shaken up its senior management ranks, broadening the portfolio of its president, Bob Sauerberg, and making him the clear favorite to eventually succeed its CEO. Sauerberg graduated from the Walton College in 1983 with a Bachelor of Science in Business Administration in finance and banking.
Campbell Named Walton College Employee of the Year Jason Campbell, human resource manager, has been named employee of the year by the Sam M. Walton College of Business. Campbell received the award after being named Walton College employee of the fourth quarter.
Gilbrech Named to Inaugural Class of Arkansas Fellows Will Gilbrech, an Honors student who graduated in May with a bachelor's degree in finance and banking, has been named to the inaugural class of Arkansas Fellows. The Arkansas Fellowship program pairs graduating college seniors from state schools with Arkansas-based host companies for two-year internships that will pay an annual salary of $40,000.
Team Wins $25,000 Undergraduate Prize at Texas Competition BioBotic Solutions, an undergraduate business plan competition team, beat more than two dozen teams from across the United States to take the $25,000 grand prize at the Richards Barrentine Values and Ventures Business Plan Competition.
The Foreclosure Crisis: Predatory Lending or Household Overreaching?
A new study by researchers in the Department of Finance at the University of Arkansas finds that household overreaching drove the foreclosure crisis. The authors find that most households in foreclosure were relatively affluent and highly educated people living in geographical areas that experienced extremely rapid real-estate appreciation. Predatory lending played a smaller role. The researchers are careful not to excuse Wall Street banks for their role in the crisis because reckless lending enabled households to become dangerously leveraged. An important implication of this study is that the Federal Reserve will have to get into the business of recognizing and limiting asset price bubbles. [ view / download paper ]