Finance encompasses both the science and the art of managing money and investments. The study of finance provides students with an understanding of numerous financial theories such as the relation between risk and return, the factors that determine asset values, and strategies for minimizing the risk exposure of both corporations and investors. An understanding of these theories helps students develop the ability to make sound and practical business and personal investment decisions.
A finance minor for non-business students compliments degrees such as Mathematics, Economics and Engineering very well. For math students interested in actuarial sciences, a fundamental understanding of finance is a must. For economics students, this minor will round out the theoretical principles that they have already learned with direct application to the business world. For engineers, it helps because odds are that they will be managing large projects at some point, so the managing of cash flows is vitally important.