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Updated April 1, 2021

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  • Credits:
  • Degree:
    Bachelor of Science

Program Description

Prepare for careers in corporate finance, investments, economics, financial management, financial services, and financial planning. The Bachelor of Science in Finance provides a comprehensive financial management curriculum that combines research, theory, and practice. You’ll learn directly from practicing professionals, many of whom are distinguished leaders in their fields. You’ll also learn to apply your learning through a variety of experiences, including a final research project related to your personal and professional interests. Graduates will be prepared to manage both people and complex financial projects and operations.

What Is Finance?

Finance refers to the management of money and assets, and includes activities such as budgeting, investing, lending, borrowing, and saving. Finance can be broken down into different categories including personal, corporate, and public finance. Career paths in the finance industry include commercial and investment banking, financial planning, insurance, accounting, and mortgage lending.

Cambridge College Finance Program Highlights

Take the next step in your education and career while keeping up with your busy schedule at work and home. The bachelor’s in finance at Cambridge College offers a flexible, affordable degree option for working adults.

  • Convenient class options. Cambridge College offers flexible day, evening, weekend, and online course options to help you balance work and family time while earning your degree. Talk to an academic advisor to plan a course of study that fits your needs.
  • Applied learning. The Cambridge College teaching model gives you the opportunity to learn financial management theory in addition to effective, practical financial management techniques. The program also includes a culminating research project that gives you the chance to apply your academic experience to a financial management project that interests and challenges you.
  • Quality and value. At Cambridge College, you’ll learn directly from expert faculty who are practicing professionals in diverse fields of finance. At the same time, you’ll save on tuition at one of the most affordable four-year private nonprofit colleges in the United States.
  • Diverse students. Cambridge College was recently ranked as one of the most ethnically diverse colleges in the nation. Your learning experience will be enriched by working with other adult learners from all over the world—developing your professional network and gaining diverse perspectives in the process. 
  • Convenient locations. All of our classroom locations are close to public transportation and/or offer free parking for students. 

A bachelor's degree in finance will prepare you for a variety of different careers, such as financial advising, stock brokerage, insurance sales, financial advising, investment banking, and loan officering.

Specializing your degree can help give you an edge in the job market and boost your earning potential. The finance program at Cambridge College offers a variety of concentration options that allow you to focus your studies in an area of personal and professional interest.

Finance Program Learning Outcomes

The Bachelor of Science in Finance provides a dynamic academic framework spanning disciplines including corporate finance and investment, general management, strategic data analysis, purchase and sales of assets, dynamics of market forces, and institutional financial functions in different kinds of organizations. Graduates develop the analytical skills to understand key principles relating to the investment process within domestic and international markets.

You’ll develop fundamental skills in financial planning, communication, human relations, teamwork, and negotiation. Gain the skills to manage diverse organizations and create work environments that foster corporate social responsibility, sustainability, and long-term growth. You’ll also gain an understanding of information systems, databases, and internet technology as financial management tools.

What Can You Do With a Degree in Finance?

Earning your degree in finance will prepare you for a wide range of positions in the financial industry. Our graduates go on to careers working with corporations, nonprofits, and government organizations. Some start their own small businesses.

Example of finance jobs include:

  • Financial planner
  • Loan officer
  • Investment manager
  • Accountant
  • Budget analyst

With your bachelor’s degree in finance, you’ll also have the academic background to pursue graduate studies in business, finance, and management. Explore graduate business programs offered at the Cambridge College School of Management.

Finance Salaries

How much can you earn with a bachelor’s in finance? Salaries can vary significantly depending on your field, location, and level of experience. Here are national averages for a selection of finance jobs to give you an idea of earning potential:

  • Insurance underwriter: $69,760
  • Budget analyst: $75,240
  • Financial analyst: $84,300
  • Personal financial advisor: $90,640
  • Financial manager: $125,080

(Source: Bureau of Labor statistics)

Example Finance Courses

 These are just a few of the courses you’ll have the opportunity to take as a finance major at Cambridge College:

  • Financial Management
  • Fundamentals of Investment Management
  • Money and Banking
  • Management Studies Capstone Project

Download the Finance program sheet.

Finance Scholarships and Financial Aid

Get financial assistance to help pay for your degree. In addition to scholarship opportunities, you might also be eligible for federal and state grants, loans, and other types of financial aid.

The first step is completing the Free Application for Federal Student Aid (FAFSA). Learn more about applying for financial aid

Related Programs at Cambridge College

If you’re still exploring undergraduate degree options, you might be interested in learning more about these programs at Cambridge College:


General Education

WRT101-102 and MAT101-102 may be waived if equivalent courses have been accepted in transfer. Credits will be replaced with open electives. WRT201 required if both WRT101-102 are waived; not required for students completing WRT101-102 at Cambridge. WRT090 and MAT100 required if assessment indicates need.

Principles and Processes of Adult Learning
LRN 175 3 credit(s)
Students explore theories of adult learning. They clarify the fit between their academic program and their learning and career needs, and see how their prior learning fits in. They assess their academic skills of critical thinking, mathematics, writing, and computer literacy. Students become independent learners who can effectively manage the structures, processes and expectations of undergraduate education.
College Writing I
WRT 101 3 credit(s)
Through challenging readings, class discussion, small group col­laboration, and different forms of writing, students learn the skills and process of “thinking on paper.” They learn to construct an argument or discussion that supports a clear thesis and present it effectively in a well-organized essay that observes the conventions of written English. They write academic papers that analyze and synthesize the issues suggested in two or more readings. Critical reading, critical thinking, research skills, and forms of documentation are also introduced.
Foundations of Critical Thinking
CTH 225 3 credit(s)
We learn to engage in reasoned thinking. We learn to formulate hypotheses; conceive and state definitions, and understand logical consistency and inconsistency. We explore the differences between claims of fact, value, and policy; what constitutes credible evidence; the nature of assumptions. We learn what constitutes a persuasive argument as opposed to an emotive and propagandistic one, and critically examine them. Students learn to present clear, well thought out critical arguments in writing and oral presentations. We look at the relationships among thinking, writing, speaking and listening, laying a strong foundation for improving our capacity to write, speak, and listen well.
College Mathematics I
MAT 101 3 credit(s)
Prerequisite: MAT100 If assessment indicates need. This course introduces students to the value of mathematics for students’ career and educational goals. Students will acquire mathematical study skills, gain strategies for problem solving, and develop a sound foundation for future mathematics coursework. The course is structured towards engaging students in active, applied, and real-life learning in order to facilitate mathematical problem solving and conceptual understanding.
Introduction to Computer Applications
CMP 130 3 credit(s)
Assessment available. This course provides a hands-on introduction to the personal computer, Windows, word processing, spreadsheet, presentation software, the Internet, and an overview of Word, Excel and Power-Point uses. Students begin with the basics of each application and progress through intermediate level.
College Writing II
WRT 102 3 credit(s)
WRT102 acquaints students with the academic research paper as both process and product. The course begins with an intensive review of the strategies and techniques for writing an academic essay that are covered in WRT101 and then moves to selecting and narrowing a topic, preliminary research, and establishing a focus for a 12-15 page argument research paper. The final paper includes an abstract, an introduction, discussion, conclusion, and references. Students learn how to write an annotated bibliography and use APA documentation for in-text citations and references.
College Mathematics II
MAT 102 3 credit(s)
Prerequisite: MAT101 If assessment indicates need. Challenge exam available. This course develops students’ mathematical thinking and problem solving around issues of both mathematical content and process. Students will acquire a conceptual and practical understanding of and familiarity with numbers and operations, algebra, geometry, measurement, and basic data analysis and probability. The course focuses on supporting students’ understanding of problem solving, reasoning and proof, communication, connections, and representations. A key feature of the course is active student involvement to support communicating mathematics in everyday and academic contexts.
Information Literacy
CMP 230 3 credit(s)
Prerequisite: CMP130 (course or portfolio) and familiarity with Windows and/or Mac operating system, or permission of instructor. Information literacy is necessary for lifelong learning and career advancement. It is the ability to analyze problems, research and select relevant information, create an effective presentation from that information, and, when appropriate, publish it in print or electronic formats. Students acquire the knowledge, skills, and abilities to apply principles of information literacy to their academic and professional lives. A problem-centered approach is used. Students use the Internet and e-mail news groups, file transfer and Netscape, and search engines. They learn to evaluate the credibility of information and use problem-solving paradigms.
General Education Distribution Requirements

Arts & Humanities - 6 credits

Natural & Physical Sciences - 6 credits

Social Sciences - 6 credits

Finance Major

Required courses:

Introduction to Business
BSM 200 3 credit(s)
Students learn how American business operates. The course begins with a study of business in its broader perspective, looking at the context within which American business fits, and the investment markets which provide the capital needed to grow. The external factors influencing business development and the role business plays in the world economy are examined. The course then focuses on the internal organization and the operations of American business, highlighting major issues associated with managing functional areas of a business, such as marketing, production, technology, and supply chain management. In the later part of the course, financial management, both personal and business, and financial institutions are studied.
Fundamentals of Investment Management
BSM 225 3 credit(s)
Fundamentals of Investment Management provides an introduction to the financial industry and develops an understanding of the players, markets, economic interplay, products, clients and functional processing that exist in the world of investments. Subjects covered include the history of financial services, evolution of the industry, risk and return, industry laws and regulatory agencies, how the industry makes money, credits, exchanges and redemptions.
Economics for Managers
BSM 300 3 credit(s)
This course provides an overview of economics and establishes a foundation and vocabulary for future courses. It gives an applied, practical introduction to macroeconomics and microeconomics. At the macro-economic level the course helps the learner understand how the American economy functions, and what impact changes in the economy may have on the individual and the organization, as well as the impact of the global economy. At the microeconomic level the course examines how individuals and firms make economic decisions. This knowledge becomes the basis of understanding key concepts of supply, demand and pricing, as well as average and marginal costs and breakeven analysis.
Diversity in the Workplace
BSM 315 3 credit(s)
This course looks at the significance of diversity in management and the implications of diversity for how organizations are organized and how they function. The changing demographics of the workplace are examined and the significance of diversity for domestic and international business are discussed. Organizational approaches to diversity are examined and analyzed. The course attempts to engage differences within the class and help students develop leadership skills for managing diversity, including consensus building, conflict resolution and talking through differences.
Financial Accounting
BSM 204 3 credit(s)
This course introduces the principles that govern financial accounting systems and the income statement and balance sheet that are the principal end products. Students learn how accounting information is used to evaluate the performance and financial status of private, non-profit and public organizations. The course emphasizes the use of accounting information by managers within the organization and by shareholders, lenders, and other outside parties. Basic accounting terms and concepts, and the language of financial management are presented as well as the essentials of the accounting process. The course also builds an awareness of the ethical, information and regulatory environment of accounting.
Financial Management
BSM 442 3 credit(s)
This course provides tools for managing business funds and making decisions that will affect the financial position of an organization. Students gain an understanding of financial analysis and its use in planning and control functions. Capital budgeting, discounted cash flow, and present/future value techniques are presented as well as the capital formation process, the advantages and disadvantages of various capital structures, and the long and short term uses of capital. Students gain an understanding of the workings of financial markets and institutions, financial instruments, and the domestic and international financial environment.
Business Ethics
BSM 441 3 credit(s)
Business Ethics provides an in-depth understanding of the ethical, social and political context of organizations today. It approaches social problems with an ethical framework for choosing among alternative courses of action. The course emphasizes the application of ethical reasoning to real business and management situations, problems and decision-making.
Corporate Finance and Investments
BSM 405 3 credit(s)
This advanced finance course serves as a detailed exploration of corporate finance and investments, and covers contemporary theories and practices of financial decision-making within corporations. Topics include types and measure of financial risk, portfolio management, options and futures, capital instruments for long-term financing, dividend policy, cost of capital, raising capital, managing and financing working capital, mergers and acquisitions, and international finance. We also review cash flow estimates, discounted cash flow concepts, net present value, internal rate of return, non-discounting analysis techniques, income tax implications for investment decisions, ranking investment projects, real options, and valuation models.
Money and Banking
BSM 412 3 credit(s)
Prerequisite BSM300. For anyone in business it is important to understand the influence that the banking system has upon interest rates, economic growth, and price and employment stability. This course covers the banking system, credit, money and interest rates, and the interrelationship between the domestic and international financial institutions. The course begins by studying monetary systems from 5000 BC to modern times. Students learn how our economies evolved from barter societies to new forms of money such as credit cards and electronic funds transfer. Next, the course presents the commercial banking systems in the U.S. and foreign countries. Then the course covers the role of the Federal Reserve System’s and other nations’ central banks in influencing a country’s economic status. Then a more detailed analysis of bank operations is presented and the analysis is expanded to other types of financial institutions such as savings banks, credit unions, mortgage companies and government agencies. Finally, international banking institutions and international monetary exchanges are studied.
Introduction to Statistics
MAT 201 3 credit(s)
Statistics is the branch of mathematics that focuses on the colle ction of data, data analysis, probability, and statistical inference. In this course students will learn the principles of using data to identify patterns, ascertain distributions, conduct accurate group comparisons, and make data-based inferences and predictions. Concepts of spread, normal distribution , multi-modal distribution, standard deviation, statistical skewing, graphing, statistical significance, variance, validity, and probability will be covered.
Strategic Management
BSM 414 3 credit(s)

The principles and tools of the strategic management process are the focus of this integrative course. Students will apply the knowledge and skills developed in the functional areas of management to formulate competitive, sustainable organizational strategies. Extensive use of case studies and simulations will require the ability to think critically and communicate clearly. The ethics of strategy implementation will also be emphasized.

International Finance
BSM 356 3 credit(s)

Prerequisite: BSM442. This course describes how businesses evolve into multinational corporations (MNCs) in order to capitalize on international opportunities. Assessing the international environment, comparing various strategies, and how to manage risk will be emphasized. The course will describe the relationship between exchange rates and economic variables. Motives for direct foreign investment, multinational capital budgeting, trade financing, and international cash management will be covered.

Financial Services Operations
BSM 496 3 credit(s)

Prerequisites: BSM225 and BSM442. This course provides an understanding of the knowledge required to enter the career path of investment banking and brokerage services. The Subjects covered include regulatory agency requirements, comprehensive valuation analysis, integrated cash flow modeling, leveraged buyout modeling, merger and acquisition modeling, investment banking processes & best practices, fraud prevention. Students will learn what information is required to analyze markets and investment tools, to understand market trends for investment products, to be able to oversee client investments.

Small Business Finance
BSM 357 3 credit(s)

Prerequisite: BSM225 and BSM442. This course provides an understanding of the financial requirements needed to manage a small business. Students will learn the elements of financial statement analysis, which reports to analyze, financial planning, capital budgeting, investment management, risk, profitability and forecasting. In addition students will learn how to make numbers align with goals, and what questions to ask their accountants to ensure the development of strategies that provide optimal tax advantages.

Open Electives

Choose electives and/or concentrations to support your academic interests and professional goals. (Course prerequisites must also be met.)

Program Chair

Core Faculty

Senior Instructor



  • Admission Test:

    No SAT or ACT tests required.

  • Admissions Office:
  • Application Form:
  • Application Fee:
    $50, nonrefundable ($100 for international students)

Health Requirements for Massachusetts Students 

The Massachusetts Health Department and Cambridge College require the following of students in Massachusetts:

Immunizations – All students in Massachusetts are required to get certain immunizations before you can register for your first term. See form

Health Insurance – In Massachusetts, undergraduate students taking nine or more credits/term and graduate students taking six or more credits/term must enroll in the College’s health insurance plan. Students who have insurance with comparable coverage may request a waiver. See information and enroll or waive.

School Requirements

See Admissions Requirements for School of Undergraduate Studies


International Students 

International students need to provide supplemental documentation:

  • Official demonstration of English language proficiency
  • Supplemental documentation for issuance of I-20
  • International transcripts, evaluated by an accepted evaluation service

Transfer Credit

Undergraduate program applicants, once you are accepted, your official transcripts are evaluated for transfer credit.


  • Credits:
  • Cost per credit hour:
  • Application Fee:
    $50, nonrefundable ($100 for international students)
  • Health Insurance Fee:
    $1.985 (Required for Massachusetts students only. See waiver details on Tuition & Fees page.)

Note: Rates are as of July 2020, and are subject to change without notice. Rates apply to all students, unless otherwise noted.

Financial Aid

Cambridge College offers financial aid to students in our degree programs who are enrolled at least half time. Undergraduate students must be enrolled in at least 6 credits each term. Graduate and doctoral students must be enrolled in at least 4 credits each term. Learn more

Grants, Scholarships and Loans

Cambridge College welcomes the opportunity to support your efforts to pay for college.  Federal, state and local resources in the form of grants, scholarships, loans and work-study, including Cambridge College Scholarships, are available to help defray the cost of tuition. Learn more

Getting Your Company to Help

Many companies have tuition assistance programs, designed to help their employees with their professional development. Learn more

Take the Next Step Toward Your Degree in Finance