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MySpaceFinancial Services/Risk Management
Financial services involve comprehensive planning for the accumulation, conservation and transfer of personal wealth, and the provision of insurance,
investment and banking services. Risk management is the identification, evaluation and reduction of risk of loss to an organization's physical and financial
resources. Financial services/risk management is a people-oriented career that requires excellent communication skills and the ability to work well with
individuals and in groups.
Individuals who enjoy using analytical skills, making decisions and explaining decision outcomes to others should consider this major. Additionally, students who enjoy working with people, are challenged by continuous learning requirements, and have a strong commitment to career advancement will benefit from a financial services/risk management career path at St. Mary's University.
Opportunities abound for students with knowledge, skills and abilities in the fields of financial services and risk management. Career options include:
Individuals who enjoy using analytical skills, making decisions and explaining decision outcomes to others should consider this major. Additionally, students who enjoy working with people, are challenged by continuous learning requirements, and have a strong commitment to career advancement will benefit from a financial services/risk management career path at St. Mary's University.
Opportunities abound for students with knowledge, skills and abilities in the fields of financial services and risk management. Career options include:
- Insurance agent or broker
- Risk manager
- Risk management consultant
- Financial or investment advisor
- Insurance underwriter
- Claims adjustor
- Manager in a financial services organization
Courses
FN 3310 Corporate Finance 3 semester hoursIntroduction to analytical financial management. Emphasis placed on the sources, uses, and cost of short, intermediate, and long term funds; capital budgeting; leverage; cost of capital; management of working capital; and financial statement analysis. (Fall, Spring) Prerequisite: AC 2320, EC 2301, EC 2303, MT 1305, MT 1306.
FN 3330 Financial Institutions (Same as EC 3332) 3 semester hours
Review of operations of financial intermediaries including banks, savings institutions, and insurance companies. Principles of money and credit; review of central banking and monetary policies, both national and international. (Fall, Spring) Prerequisites: AC 2320; EC 2301 and EC 2303.
FN 3340 Risk Management 3 semester hours
Analysis of risk management concepts and techniques, with emphasis on property-liability risks facing the business firm. Fundamentals of insurance economics, law, and regulation. Examination of major business insurance coverages including property, liability, business interruption, crime, and transportation. (Spring)
FN 4100, 4200 and 4300 Special Studies in Finance 1 - 3 semester hours
A study of selected topics in Finance. Specific subject indicated each time the course is offered. May be used as elective credit and repeated when specific subject changes. Prerequisite: Consent of instructor.
FN 4320 Investments I 3 semester hours
The quantitative and qualitative analysis of stock, bonds, and derivative securities such as futures and options. Quantitative analyses including valuation models and strategy design. Review of securities markets: functions and operations. (Fall) Prerequisite: FN 3310.
FN 4330 Investments II 3 semester hours
Review of portfolio management theories such as capital asset pricing models, arbitrage pricing theory and dynamic asset allocation. Evaluation of market efficiencies and implications to portfolio management. Evaluation of advanced portfolio strategies. (Spring) Prerequisite: FN 4320.
FN 4350 International Finance (same as IB 4351) 3 semester hours
The course addresses the historical, institutional, and empirical aspects of the foreign exchange market, the eurocurrency market and the international bond market. The managerial implementation of international financial instruments in global oriented business organizations is stressed. (Fall; Spring) Prerequisites: FN 3310 and IB 3321.
FN 4360 Financial Counseling 3 semester hours
Analysis and application of the financial planning process for executives and small business owners. Emphasis on life and health insurance, annuities, social security, and real estate investments; developing client data; fundamentals of estate planning and taxation relating to insurance, investments and estates. (Fall)
FN 4375 Internship in Finance 3 semester hours
The opportunity to gain knowledge through work experienceand activities in professional life. Prerequisites: Consent of the associate dean, faculty supervisor, major adviser, and department chairperson, minimum overall GPA of 2.8, successful completion of FN 3310, completion or concurrent enrollment in a finance major course. Pass/No Pass credit is given. (Fall; Spring; Summer)
FN 4380 Employee Benefits Management 3 semester hours
Analysis of objectives, techniques, and markets for employee benefit plans. Examination of group life and health insurance coverages, social security, and retirement planning, including pension and profit sharing plan management. (Spring). Prerequisites: Concurrent enrollment or successful completion of HR3325 or HR3370. (HR Majors)
FN 4390 Seminar in Finance 3 semester hours
Advanced analyses of recent developments in financial and/or investment theory, and in quantitative and qualitative techniques for risk management and financial planning decisions. A seminar approach is used to provide a high degree of student-instructor interaction. (Spring) Prerequisite: Senior standing. Finance majors only.
Degree Plan
Freshman Year
| Fall | Spring |
|---|---|
| EN1311 Rhet and Comp | SMC1314W Founda. Of Reflection: God |
| MT1305 Finite Math | MT1306 Calculus For Business |
| SMC1301 Foundations for Civilizations | SMC1313 Founda. Of Reflection: Others |
| SMC1311 Foundations of Reflection: Self | SMC1312 Found. Of Reflection: Nature |
| BA1310 Introduction of Business | EC2303 Micro Economics |
Sophomore Year
| Fall | Spring |
|---|---|
| SMC2304W Foundations of Pactice: Literature | EN2000 Literature or Comp |
| SMC2303 Foundations of Pract: Fine Arts | MC3320 Communications for Mgmt |
| EC2301 Macro Economics | AC2320 Introduction to Accounting II |
| SMC2302 Found. Of Pract: Civic Engagement | SMC2301W Found. Of Pract: Ethics |
| AC2310 Introduction to Accounting I | Theology 3000 or 4000 |
Junior Year
| Fall | Spring |
|---|---|
| Corporate Finance | Legal Envir. of Business |
| Organzational Behavior | U.S. Bus. in Interdep. World |
| Principles of Marketing | Risk Management |
| Business Statistics | Finance elective (3) |
| Management Inf. Sys. | Ethics |
Senior Year
| Fall | Spring |
|---|---|
| Operations Management | Business Policy |
| Business elective (3) | Business elective (4000 ) (3) |
| Investments I | Employee Benefits Mgmt. |
| Financial Counseling | Seminar in Finance |
| FN elective (3) | PL (3000 or 4000) (3) |
Faculty
John Drabier, M.B.A.
Visiting Assistant Professor of FinancePhone: (210) 431-2030
Email: jdrabier@stmarytx.edu Full Bio Details
M.B.A., The Thunderbird School of Global Management, 1981
B.A., University of Kansas, 1974
John Drabier, M.B.A., has extensive experience at several financial groups including Prudencial Securities (Morgan Stanley), the Principal Financial Group and Raymond James and Associates. At St. Mary's, he teaches corporate and international finance, financial counseling, and banking courses.
B.A., University of Kansas, 1974
John Drabier, M.B.A., has extensive experience at several financial groups including Prudencial Securities (Morgan Stanley), the Principal Financial Group and Raymond James and Associates. At St. Mary's, he teaches corporate and international finance, financial counseling, and banking courses.
Monica J. Parzinger, Ph.D.
Professor of Information SystemsChair of Finance and Quantitative Management
Phone: (210) 431-2026
Email: mparzinger@stmarytx.edu Full Bio Details
Ph.D., University of Memphis, 1996
M.B.A., University of Kentucky, 1987
B.S., Bowling Green State University, 1975
Monica J. Parzinger, Ph.D., joined the faculty of the Bill Greehey School of Business in fall 2001. Her current teaching and research emphasis is management of information technology, project management, business intelligence, enterprise resource planning systems, and accounting information systems. Her research appears in Software Quality Journal, Journal of Women and Minorities in Science and Engineering, E-Service Journal, Information Strategy: The Executive's Journal, Advanced Management Journal, Journal of Information Technology Management and Total Quality Management as well as conference proceedings.
Parzinger received her Bachelors degree from Bowling Green State University as an Accounting major and an M.B.A. from the University of Kentucky. She was employed by the F.D.I.C. as a bank examiner specializing in information technology and taught at Christian Brothers University and Clemson University prior to joining St. Mary's University faculty.
M.B.A., University of Kentucky, 1987
B.S., Bowling Green State University, 1975
Monica J. Parzinger, Ph.D., joined the faculty of the Bill Greehey School of Business in fall 2001. Her current teaching and research emphasis is management of information technology, project management, business intelligence, enterprise resource planning systems, and accounting information systems. Her research appears in Software Quality Journal, Journal of Women and Minorities in Science and Engineering, E-Service Journal, Information Strategy: The Executive's Journal, Advanced Management Journal, Journal of Information Technology Management and Total Quality Management as well as conference proceedings.
Parzinger received her Bachelors degree from Bowling Green State University as an Accounting major and an M.B.A. from the University of Kentucky. She was employed by the F.D.I.C. as a bank examiner specializing in information technology and taught at Christian Brothers University and Clemson University prior to joining St. Mary's University faculty.
David W. Sommer, Ph.D.
Charles E. Cheever Chair of Risk ManagementPhone: (210) 431-8055
Email: dsommer@stmarytx.edu Full Bio Details
B.B.A., St. Mary's University, 1989
M.A., University of Pennsylvania, 1991
Ph.D., University of Pennsylvania, 1994
David W. Sommer, Ph.D., joined St. Mary's University in 2007 as the Charles E. Cheever Chair of Risk Management. He received his B.B.A. degree from St. Mary's University, and his M.A. and Ph.D. degrees from the Wharton School of Business at the University of Pennsylvania. For the twelve years prior to his return to St. Mary's, he was a faculty member in risk management and insurance at the University of Georgia's Terry College of Business.
During his career, Sommer has taught at the undergraduate, MBA, Executive MBA, and Ph.D. levels in the areas of corporate risk management and employee benefits. He has received a number of teaching honors, including the Terry College Teacher of the Year award and the St. Mary's University Alumni Association Distinguished Faculty Award for Excellence in Teaching.
Sommer's research has been published in a variety of academic and professional journals, including Journal of Risk and Insurance, Journal of Financial Services Research, Journal of Banking and Finance, Risk Management and Insurance Review, Journal of Insurance Regulation, Journal of the American Society of CLU and ChFC, and the Journal of Insurance Issues. His research has been honored with several awards, including the Robert I. Mehr Award, presented each year by the American Risk and Insurance Association "for that paper published ten years ago that has best stood the test of time." He is also the co-author of a risk management and insurance textbook. He is a Past- President of the American Risk and Insurance Association and the Southern Risk and Insurance Association.
M.A., University of Pennsylvania, 1991
Ph.D., University of Pennsylvania, 1994
David W. Sommer, Ph.D., joined St. Mary's University in 2007 as the Charles E. Cheever Chair of Risk Management. He received his B.B.A. degree from St. Mary's University, and his M.A. and Ph.D. degrees from the Wharton School of Business at the University of Pennsylvania. For the twelve years prior to his return to St. Mary's, he was a faculty member in risk management and insurance at the University of Georgia's Terry College of Business.
During his career, Sommer has taught at the undergraduate, MBA, Executive MBA, and Ph.D. levels in the areas of corporate risk management and employee benefits. He has received a number of teaching honors, including the Terry College Teacher of the Year award and the St. Mary's University Alumni Association Distinguished Faculty Award for Excellence in Teaching.
Sommer's research has been published in a variety of academic and professional journals, including Journal of Risk and Insurance, Journal of Financial Services Research, Journal of Banking and Finance, Risk Management and Insurance Review, Journal of Insurance Regulation, Journal of the American Society of CLU and ChFC, and the Journal of Insurance Issues. His research has been honored with several awards, including the Robert I. Mehr Award, presented each year by the American Risk and Insurance Association "for that paper published ten years ago that has best stood the test of time." He is also the co-author of a risk management and insurance textbook. He is a Past- President of the American Risk and Insurance Association and the Southern Risk and Insurance Association.
