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Undergraduate // Majors // Business Concentrations

Strategic Finance

Learn how to allocate and preserve funds to make informed decisions; understand how to utilize financial instruments to manage a growing private enterprise successfully. The Strategic Finance concentration provides students with rigorous financial modeling and budgeting skills, success tactics of great CFOs, accounting principles necessary for effective corporate management, and the optimal utilization of various assets to maximize corporate returns.

Core courses

Strategic Finance (Business Major)

In their second year, Business majors enroll in core courses that provide the foundation for the Business concentrations. They also take electives from core courses offered in other majors.


B110 / Market Dynamics and Product Analytics

Business is a powerful driver of economic growth and stability; to do well in business, you must understand consumers, products, and markets. Market Dynamics and Product Analytics is a Major Core course that provides essential foundations for business majors and is a prerequisite for all junior-level business Concentration courses. The objective of B110 is to challenge students to apply marketing methods used by businesses to create value for shareholders and selected customers and consumers. We examine the consumer behavior of individuals, learn how to run, analyze and interpret experiments, and we review business marketing strategies designed to create and capture value.

Prerequisite: AH51 / Multimodal CommunicationsCS51 / Formal AnalysesNS51 / Empirical AnalysesSS51 / Complex Systems

Corequisite: B111 / Financial Planning, Budgeting and Modeling

B111 / Financial Planning, Budgeting and Modeling

This Core course provides a foundation for all Business majors and is a prerequisite for all Business Concentration courses. Students learn about the financial and strategic tools managers use to track, evaluate, and improve their business operations for achieving business objectives. Students learn accounting terminology to read financial statements, explore tools used to develop financial models, and analyze case studies of real-world business situations. Key topics include financial and managerial accounting, present value analysis, options, capital structure, strategy, and corporate social responsibility.

Prerequisite: AH51 / Multimodal CommunicationsCS51 / Formal AnalysesNS51 / Empirical AnalysesSS51 / Complex Systems

Corequisite: B110 / Market Dynamics and Product Analytics

B112 / Doing Business

This Core course provides foundations for Business majors and is a prerequisite for all junior-level Concentration courses in this major. We analyze the political, regulatory, and societal contexts in which business gets done from a global perspective. We address how organizations can create strategies that address varying cultural biases, labor market conditions, and financial regulations. Overall the goal is to examine how businesses succeed and fail when trying to expand into new markets and new geographies.

Prerequisite: B110 / Market Dynamics and Product AnalyticsB111 / Financial Planning, Budgeting and Modeling

Corequisite: B113 / Enterprise, Design and Optimization

B113 / Enterprise, Design and Optimization

This Core course provides foundations for all Business Majors and is a prerequisite for all junior-level Concentration Courses. Students will explore the inner workings of the business enterprise in context of its environment. The focus is on how to formulate and execute organizational strategies to achieve financial and non-financial objectives. Students learn about multiple levels and factors in organizational designs and how to manage tradeoffs in strategic decision making. The role of agents, functions, structures, processes will be analyzed, as well as design, implementation, control and improvement activities. Human behavior, incentives, emergent effects, stakeholder interests and operational efficiency will be considered.

Prerequisite: B110 / Market Dynamics and Product AnalyticsB111 / Financial Planning, Budgeting and Modeling

Corequisite: B112 / Doing Business

Concentrations Courses

Strategic Finance (Business Major)

In their third year, Business majors select a concentration, begin taking courses within it and begin work on their capstone courses. They also take electives chosen from other Minerva courses (other concentration courses in Business, core and concentration courses in other colleges).

All Business majors complete a summer practicum, and, in their fourth year, Business majors enroll in additional electives chosen from Minerva’s course offerings within or outside the major. capstone courses conclude during the fourth year as well.

B145 / Venture Initiation and Valuation

The overall goal of this course is to bolster your ability to work with scarce resources while balancing growth and profitability. Relying on skills developed in B111, you will build “muscle memory” so you can raise capital and effectively interface with stakeholders in future business creation and growth. We will analyze new ventures and projects from readings, real-world illustrations, case studies, a location-based assignment, and your own business plan. We also will discuss how entrepreneurs, investors, and policymakers can move the needle in order to bring about more equal access to entrepreneurial capital and support socially and ecologically responsible investments. As potential entrepreneurs, you will discover how to raise capital and effectively interface with investors, board members, employees, and other stakeholders in order to maximize positive outcomes.

Prerequisite: B113 / Enterprise, Design and Optimization

Co-rerequisite:

B155 / Capital Allocation and Value Creation

Investigate how growing enterprises use their balance sheets to execute growth strategies. Apply discounted cash flow and real options to select among opportunities that create business value. Learn the role of finance in selecting and valuing appropriate M&A candidates and strategies for achieving synergy.

Prerequisite: B113 / Enterprise, Design and OptimizationB113 / Enterprise, Design and Optimization

Co-rerequisite:

B165 / Global Financial Strategy

Global investing requires sophisticated tools to select among risk/return scenarios. Learn to apply these tools, which include diversification and hedging for risk reduction, appropriate capital structuring to fund growth, and dividend/share repurchase strategies to drive shareholder value. Investigate the role of private equity investing and financial engineering in modern global finance.

Prerequisite: B112 / Doing BusinessB113 / Enterprise, Design and Optimization

Co-rerequisite: