Certificate Programs

Overview

The Certificate programs each consist of four undergraduate finance courses representing approximately 180 contact hours between instructors and participants. Upon successful completion of the four-course sequence, a certificate signed by the Dean of the College of Business Administration will be awarded.

These programs should be of interest to persons currently employed at the middle management level in banks who wish to sharpen their industry knowledge i.e., branch managers, auditors, data processing people, management track personnel, individuals who sell services, and individuals who sell services, and individuals who (although not currently employed in banks) desire a career in banking. The programs have been designed by the Florida international University finance faculty in cooperation with several Florida banks.

These programs qualify for tuition reimbursement at many of the participating institutions. See your personnel officer of training director for additional information.

Program Goals

• To acquaint the participant with the functioning of the US and foreign money and capital markets and the institutions which these service these markets.
• To survey the commercial bank management studies and methods of operation. Emphasis is placed on the goals of the commercial banks and the methods of reaching these goals.
• To develop within the participant the ability to systemize the loan evaluation process such that a sound, rational credit- loan decision can be made. The programs emphasize money markets and corporate finance on the domestic and international levels.

Admission to the Certificate Programs

For undergraduates, an Associate on Arts (AA) degree or the equivalent of the first two years of University (or University parallel) work is required for admission to the programs. A working knowledge of financial accounting and statement construction also is a prerequisite. It can be met through either appropriate work experience, successfully passing qualifying examinations, or successfully completing Accounting 2021 (Accounting for Decisions), Economics 2013 (Principles of Macroeconomics) and Finance 3403 (Financial Management). A minimum GPA of 2.5 is required.

We encourage all certificate program participants to continue their education and obtain college degrees.

Students wishing to participate in more that one certificate program MAY NOT use the same course(s) to satisfy the requirements. When necessary, appropriate substitute courses will be designated by the program's coordinator with a grade of "C" or higher in each course.

• Certificate in Export-Import Management
• Certificate in Banking
• Certificate in International Bank Management
• Macy's Certificate in Retail Management
• Certificate in Entrepreneurship

Certificate in Export-Import Management

This certificate program is open to all undergraduate business students in the College of Business Administration who desire to pursue careers in export-import related industries. It is designed to enhance an undergraduate's knowledge and skills essential in managing export-import businesses. It is especially appropriate for those students who are considering:

• A career in an export management company (EMC) that represents manufacturers in their export-import activities in the global market.
• A career in a freight forwarding company that specializes in export-import operations, including customs clearance, shipping tariffs operations.
• A career in the export department of a manufacturer that manages the firms's overseas marketing and sales operations.
• A career in an international logistics company that manages a client's global supply chain operations, including transportation warehousing, inventory, and customer service.
• A career in starting and operating a family-owned export-import business that trades goods and products across borders.

Certificate in Banking

This certificate program of the finance department is designed to provide practicing bank managers with advanced training in their fields. If you're an undergraduate or graduate degree-seeking student or a working professional who meets admission requirements but does not want to pursue a degree, this one could be right for you.

To apply for admission to this program, you should complete an application form and submit it to: College of Business Administration, Department of Finance, Attention: Lili Sasso, Coordinator, Modesto A. Maidique Campus-RB 208, Miami, Florida 33199. You may obtain the application form by mailing your request to that address or by downloading the form. You should use the code CT 8206 in the application form.

If you have specific questions about the program, contact Lili Sasso or Jessica Ugaz either by phone 305-348-2680, Fax 305-348-4245, or e-mail sassol@fiu.edu or jkugaz@fiu.edu.

The core program consists of four undergraduate finance courses.

• Financial Risk Management FIN 4486: A survey of financial instruments used for financial risk management, including forwards, futures, options, and swaps. Emphasis is on identification of financial risks and designing optimal risk management program. Prerequisites: FIN 3414 and FIN 4502.
• Financial Markets and Institutions FIN 4303: Financial markets and the role of financial intermediaries in these markets. Emphasis will be upon the objectives and policies of financial intermediaries within the constraints of law and regulatory authorities. Prerequisite: FIN 3403 or equivalent.
• Commercial Bank Management FIN 4324: The management of bank assets and liabilities; specialized banking functions; and the role of the commercial bank in financing business. Prerequisite: FIN 3403 or equivalent.

and

• Credit Analysis and Loan Evaluation IN 4345: Topics to include: introduction to commercial lending; secured lending; accounts receivable financing and factoring; inventory financing; introduction to lending vehicles; short term lending; domestic taxation; consolidations; forecasting and intermediate term cash flow lending; term loan agreements/covenants; subordinations and guarantees; foreign exchange; international transactions and leasing. Prerequisite: FIN 3403 or equivalent.

or

• Global Private Banking FIN 4663: Provides the students with an understanding of the nature of the global private banking, its role in preserving, augmenting and protecting wealth and how it is shaped by a sometime-controversial need for confidentiality.

Certificate in International Bank Management

This certificate program of the finance department is designed to provide practicing bank managers with advanced training in their fields. If you're an undergraduate or graduate degree-seeking student or a working professional who meets admission requirements but does not want to pursue a degree, this one could be right for you.

To apply for admission to this program, you should complete an application form and submit it to: College of Business Administration, Department of Finance, Attention: Lili Sasso, Coordinator, Modesto A. Maidique Campus-RB 208, Miami, Florida 33199.

You may obtain the application form by mailing your request to that address or by downloading the form. You should use the code CT 8206 in the application form.

If you have specific questions about the program, contact Lili Sasso, or Jessica Ugaz either by phone 305-348-2680, Fax 305-348-4245, or email sassol@fiu.edu or jkugaz@fiu.edu.

This program will give you an understanding of the interrelationships between domestic and international banking. It consists of four of these five courses:

• Financial Risk Management FIN 4486: A survey of financial instruments used for financial risk management, including forwards, futures, options, and swaps. Emphasis is on identification of financial risks and designing optimal risk management program. Prerequisites: FIN 3414 and FIN 4502.
• International Financial Management FIN 4604: Operational analysis and financial decisions in the multinational context. Working capital management and intrafirm fund transfers. Measurement and evaluation of the risk of internationally diversified assets. Prerequisite: FIN 3403 or equivalent.
• International Banking FIN 4634: Introductory survey of issues that deal with international aspects of banking. The course provides an overview of the structure and operation of the international banking function, the services offered, supporting documentation, and measures to improve the efficiency and effectiveness of the international banking organization. The purpose of the course is to acquaint the students with the daily activities in international banking. Prerequisite: FIN 3403 or equivalent.
• Commercial Bank Management FIN 4324: The management of bank assets and liabilities; specialized banking, functions; and the role of the commercial bank in financing business. Prerequisite: FIN 3403 or equivalent.

or

• Credit Analysis and Loan Evaluation FIN 4345: Topics to include: introduction to commercial lending; secured lending; accounts receivable financing and factoring; inventory financing; introduction to lending vehicles; short term lending; domestic taxation; consolidations; forecasting and intermediate term cash flow lending; term loan agreements/covenants; subordinations and guarantees; foreign exchange; international transactions and leasing. Prerequisite: FIN 3403 or equivalent.

Macy's Certificate in Retail Management

On the street or on the web, retailing today employs one in every five American workers and creates 13 percent of all new jobs in the US If you're interested in this exciting sector, this program may be a good choice for you. You'll get specialized course work, internship opportunities, individual advising and skills development, and personal placement assistance. It's especially for you if you are a:

• Marketing or Management Information Systems (MIS) major considering a career in e-commerce;
• Marketing or Finance major interested in retail planning or buying;
• Marketing or Management major considering a career in store management;
• Student in any major planning to own/operate your own retail business.

You pay no fees for this program beyond regular tuition fees for the required course work.

The Macy's Certificate in Retail Management is sponsored by a grant from Macy's.

To earn the Macy's Certificate in Retail Management, you must successfully complete both course and experiential learning requirements. You must average a grade of "B" or better in all of the four business core courses and two retailing courses.

Business core courses

• Marketing Management MAR 3023: This course emphasizes the functions and institutions common to marketing systems.
• Organization and Management MAN 3025: This course analyzes organizations and their management processes, including planning, organizing, directing and controlling in the context of socio-technical systems.
• Financial Management FIN 3403: This course studies financial decision-making in corporate enterprises. Prerequisites include ACG 2021 and STA 2023
• Introduction to Information Systems CGS 3300: This course surveys major information issues and systems used in business and a variety of computer concepts and processes. Prerequisite: CGS 2060.

Retailing Courses

• Retail Marketing MAR 4231: This course examines the role of retailing in the marketing and distribution systems. It covers the fundamentals for successful retail management, including merchandising, pricing, stock-turns, and sales and stock planning. Prerequisite MAR 3023.
• Current Issues in Retailing MAR 4232: An intensive look at topics of current importance in retailing, from planning, buying and store management perspectives. Course emphasizes interaction with business executives and a practical learning approach. Prerequisite: MAR 4231.

Besides course work, you must attend four Friday half-day skills workshops, two each semester, and complete a retailing internship. We will help you secure the internship; most are paid.

Participation in this program, which begins each fall semester, is limited to twenty students. Application deadline is June 30. You must be enrolled in an undergraduate degree program in the College of Business Administration.

To receive an application packet, please contact the Marketing department. You may stop by RB 307, call 305 348-2571, TDD via FRS 1-800-955-8771, fax 305 348-3792, or e-mail retail@fiu.edu. You also may apply by downloading the application form and returning it to the program office.

Certificate in Entrepreneurship

This certificate program offered by the Pino Global Entrepreneurship Center is designed to offer business students the opportunity to complement their major field of study with an additional concentration in entrepreneurship. Students will take a coordinated series of courses and receive a certificate that signifies their knowledge in this area.

Students completing the Entrepreneurship Certificate will have coursework in venture financing, business plan development, marketing, and a variety of topics relating to entrepreneurship. With this background in addition to a major field, students can gain the knowledge and skills needed to assess new enterprise opportunities, obtain financial resources, market and start new ventures, and manage entrepreneurial ventures for growth and profitability.

To apply for admission to this program, you should complete an application form.

You may obtain the application form by mailing your request to that address or by downloading the form. You should use the code ENTU10CRT in the application form.

To obtain a certificate in entrepreneurship, students must complete six of the following courses (18 credit-hours):

• Entrepreneurship (or cross-listed course) MAN 4113
• Business Plan Development (or cross-listed course) MAN 4110

Plus four of the following courses (12 credit-hours):

• Accounting for Managers and Investors ACG 3024
• Entrepreneurs in the US AMH 4373
• Technology and American Society AMH 4375
• Introduction to Business MAN 2011
• Product Development and Innovation (or cross-listed course) MAN 4117
• Intuition in Management MAN 4142
• International Entrepreneurship MAN 4364
• Professional Development Module MAN 4932
• Social and Nonprofit Entrepreneurship MAN 4153
• Fundamentals of Management in the Hospitality Industry HFT 3210
• Entrepreneurship in Hospitality and Tourism HFT 4292C
• Organization in Management MAN 3025
• Small Business Management MAN 4802
• Family-Owned Businesses MAN 4864
• Marketing of Small Business MAR 4025