Finance, AS Major

The two-year program leading to the Associate in Science degree is primarily designed for those planning to enter the financial services industry in entry-level or operational positions and for those in the industry who are seeking advancement. The student is required to complete 44-48 units in the Finance major field, as well as other units for graduation. The program is also for those students wishing to gain knowledge about the discipline of finance before transferring to a four-year college or university.

The projected number of annual completers for the Associate in Science – Finance degree is 5 – 10 students. This estimate is based on past course enrollment data, past degrees awarded data and enrollment/degree projections as a function of macroeconomic environment.

 

 

·     Past Degrees Awarded (CCSF Argos Data)

 

Fall ’11 – Spring’12                         5

 

Fall ’12 – Spring’13                                     5

 

Fall ’13 – Spring’14                         3

 

Fall ’14 – Spring’15                         4

 

Fall ’15 – Spring’16                         3

 

Fall ’16 – Spring’17                         5

 

Fall ’17 – Spring’18                         1

 

 

·     Course Enrollment (from CCSF Banner data)

 

Fall ’13 – Spring’14                  Fall ’14 – Spring ’15        

                                   Enrollment  Sections                Enrollment  Sections 

        

FIN 110

Risk Mngmt                0                      0                        17                 1                     

 

FIN 130                     

Bank Ops                    19                   1                        15                 1

 

FIN 133                                       

Mny&Bnkg                 21                   1                        15                 1

 

FIN 136                                       

Fin Plng                      55                   4                        65                 3

 

FIN 138                     

Investments               101                 4                        84                 4

 

 

Fall ’16 – Spring’17     Fall ’17 – Spring ’18                      Fall ’18                              

                                   Enrollment  Sections  Enrollment  Sections   Enroll    Sec

        

FIN 110

Risk Mngmt                13                1                            14                1              0              0            

 

FIN 130                     

Bank Ops                    0                    0                            15               1                19          1

 

FIN 133                     

Mny&Bnkg                 12                1                            19               1               0             0

 

FIN 136                     

Fin Plng                      84                4                            118              4              54            2

 

FIN 138                     

Investments               33                2                            87               3                41          2

 

NOTE:  Fall ’13– Spring ’14, Fall ’14 – Spring ’15, Fall ’16 – Spring ’17 and Fall ’17 –Spring ’18 are annual, two-semester data. Fall ’18 is single semester data. FIN 110 and FIN 130 are offered Fall semester only.  FIN 133 is offered Spring semester only.  FIN 110 was cancelled Fall ’13 and Fall ’18 and FIN 130 was cancelled Fall ’16.

·     Macroeconomic Factors on Enrollment

A negative correlation between economic activity/job growthand course enrollment has been observed over the past twenty years; when BayArea job growth and opportunities are high, class enrollment declines and when job growth and opportunities decline, class enrollment increases. 

While it is impossible to accurately forecast economic expansions and recessions, it is safe to both categorize the present state as a high job opportunity environment and forecast that an economic slow-down will occur at some point in the future.

We therefore expect course enrollment and the number of degrees awarded to increase significantly (as it did in ’08 – ’09 during an economic recession) when an economic recession may occur in the future.  We also expect the impact of “Free City College of San Francisco” program to continue to increase course enrollment.

The goals of the Associate in Science Degree – Finance are to provide students with foundational knowledge and skills desirable for further specialized study in the field of finance and to help prepare studentsfor entry-level jobs in the field.  The general areas in which students may find work are banking, insurance and finance departments of non-finance enterprises.

Upon completion of the degree, students will be able to:

·     Assess the financial condition of individuals and companies.

·     Communicate business concepts effectively in oral and written formats.

·     Categorize the relationships between and components of financial markets, institutions and instruments.

·     Interpret multiple aspects of financial risk management.

·     Calculate the value of real and financial assets to make investment decisions.

·     Examine debt and equity as sources of capital.

Course	Title	Units	Year/Semester (Y1 or S1)

Courses Required for the Major in Finance AS

Course	Units
First semester required courses:
GNBS 119 - Introduction to Business	3.00
FIN 110 - Principles of Risk Management	3.00
Total:	6.00
First semester: choose one of the following math courses:
BSMA 68 - Mathematics of Business	3.00
MATH 75 - Mathematical Analysis for Business	3.00
MATH 90 - Precalculus Algebra	5.00
Total:	3.00 - 5.00
Second semester required courses:
FIN 133 - Money and Banking	3.00
ECON 1 - Principles of Macroeconomics	3.00
MABS 60 - Introduction to Computer Applications for Business	3.00
Total:	9.00
Second semester: choose one of the following accounting courses:
ACCT 10 - Introduction to Accounting	5.00
ACCT 1 - Financial Accounting	5.00
Total:	5.00
Third semester required course:
FIN 136 - Introduction to Financial Planning	3.00
MABS 101 - Spreadsheets for Business/Excel	3.00
Total:	6.00
Fourth semester required course:
FIN 138 - Principles of Investment	3.00
Total:	3.00
Fourth semester: choose one of the following courses:
MABS 67 - Database for Business/Microsoft Access	3.00
CS 101 - Introduction to Information Systems	3.00
Total:	3.00
Fourth Semester: choose one of the following courses:
MRKT 122 - Professional Selling	3.00
MRKT 140 - Introduction to Marketing	3.00
Total:	3.00
Choose 2 of the following course electives (recommended to complete one in third semester and another in fourth semester):
BSEN 74 - Written Business Communication	3.00
SMBS 135 - Ownership and Operation of a Small Business	3.00
SUPV 231 - Introduction to Supervision and Management	3.00
ACCT 2 - Managerial Accounting	5.00
ECON 3 - Principles of Microeconomics	3.00
INTR 170 - International Finance	3.00
Total:	6.00 - 8.00
Total:	44.00 - 48.00

The Associate of Science Degree – Finance has been offered for many decades and continues to go through assessment and modification cycles periodically. City College of San Francisco also offers a Certificate of Achievement Degree and is discussed in separate supporting documentation. There are no other departments in the college offering similar curriculum.

Of 22 Bay Area Community Colleges (Berkeley City, Canada, Chabot, College of Alameda, Marin, San Mateo, Contra Costa, DeAnza, Diablo Valley, Evergreen, Foothill, Laney, Las Positas, Los Medanos, Mission, Napa Valley, Ohlone, City College of San Francisco, San Jose, Skyline, Solano and West Valley), City College of San Francisco is the only community college offering an AS – Finance Degree. There are eight 4-year universities or colleges offering undergraduate and/or graduate Degrees in Finance, or BS in Business with concentration in Finance (University of California Berkeley, Stanford, San Francisco State, San Jose State, Santa Clara, Menlo College, Sonoma State and University of San Francisco). Given 1) one of the main objectives of CCSF’s AS – Finance, to provide students with foundational knowledge and skills desirable for further specialized study in the field of finance, 2) that City College of San Francisco is the only Bay Area community college offering an AS - Finance, and 3) that there are opportunities at 8 Bay Area universities with programs in finance, City College of San Francisco’s AS – Finance Program is much needed to help prepare students for further study in the field of finance.