Finance Major
Major Description
The curriculum begins by building the basic tools of finance and intuition you will need for your career and the advanced courses in Finance I and II (or Accelerated Corporate Finance). The advanced courses allow you to focus and provide practice applying the mechanics and intuition to increasingly complex and real-world applications. The department also offers a set of experiential courses that let you practice in non-classroom environments.
The major requirements and links to descriptions of each course are listed below. Students interested in accelerating their finance studies can find information on class waivers here. If you have additional questions, reach out to the finance faculty.
Major requirements are determined by the quarter you began your Kellogg MBA program. Any new courses and adjustments to the major displayed in the most recent academic year can be applied to previously matriculated students.
Please click on the relevant time period below to confirm your specific requirements:
Summer 2022 - Spring 2023
In addition to completing or waiving the core course requirements for the MBA, students must earn at least FOUR Finance course credits that include one course credit from the following list of Corporate Finance courses:
| FINC-431-0 | Finance II |
| FINC-440-0 | Accelerated Corporate Finance |
and one course credit from the following list of Capital Markets courses:
| FINC-444-0 | Value Investing |
| FINC-450-0 |
Capital Markets |
| FINC-465-0 | Derivatives Markets |
| FINC-470-0 | International Finance |
| FINC-473-0 | Macroeconomic Policy and Global Capital Markets |
Last edited June 2, 2022. For any questions regarding this page, please email kellogg-registrar@kellogg.northwestern.edu
Summer 2021 - Spring 2022
In addition to completing or waiving the core course requirements for the MBA, students must earn at least FOUR Finance course credits that include one course credit from the following list of Corporate Finance courses:
| FINC-431-0 | Finance II |
| FINC-440-0 | Accelerated Corporate Finance |
and one course credit from the following list of Capital Markets courses:
| FINC-444-0 | Value Investing |
| FINC-450-0 |
Capital Markets |
| FINC-465-0 | Derivatives Markets |
| FINC-470-0 | International Finance |
| FINC-473-0 | Macroeconomic Policy and Global Capital Markets |
Last edited March 3, 2022. For any questions regarding this page, please email kellogg-registrar@kellogg.northwestern.edu
Summer 2020 - Spring 2021
In addition to completing or waiving the core course requirements for the MBA, students must earn at least FOUR Finance course credits that include ONE course credit from the following list of Corporate Finance courses:
| FINC-431-0 | Finance II |
| FINC-440-0 | Accelerated Corporate Finance |
and at least ONE course credit from the following list of Capital Market courses:
| FINC-444-0 | Value Investing |
| FINC-450-0 |
Capital Markets |
| FINC-465-0 | Derivatives Markets |
| FINC-470-0 | International Finance |
| FINC-473-0 | Macroeconomic Policy and Global Capital Markets |
NO MORE than one of the lab courses FINC-615, FINC-639, FINC 910 may count towards the Finance major.
Last edited May 14, 2021. For any questions regarding this page, please email kellogg-registrar@kellogg.northwestern.edu
Summer 2019 - Spring 2020
A student must earn at least FOUR credits (in any combination of half-and full-credit courses) from the courses listed below to complete the major. Only one Lab credit can count toward the major.
ONE course credit from the following list:
| FINC-431-0 | Finance II |
| FINC-440-0 | Accelerated Corporate Finance |
At least ONE course credit from the following list of Capital Market courses:
| FINC-444-0 | Value Investing |
| FINC-450-0 |
Capital Markets |
| FINC-465-0 | Derivative Markets |
| FINC-470-0 | International Finance |
| FINC-473-0 | Macroeconomic Policy and Global Capital Markets |
TWO ADDITIONAL COURSE CREDITS from the Capital Markets courses listed above or from the following list, except that only one of the lab courses FINC-615, FINC-639, or FINC 910 may count towards the major:
| FINC-442-0 | Financial Decisions |
| FINC-445-0 | Entrepreneurial Finance and Venture Capital |
| FINC-447-0 | Financial Strategy and Tax |
| FINC-448-0 | M&As, LBOs and Corporate Restructuring |
| FINC-454-0 | Real Estate Finance and Investments |
| FINC-455-0 | Applied Real Estate Finance and Investments |
| FINC-456-0 |
Asset Management Practicum I |
| FINC-457-0 |
Asset Management Practicum II |
| FINC-458-0 |
Asset Management Practicum III |
| FINC-459-0 |
Asset Management Practicum IV |
| FINC-461-0 | Investment Banking |
| FINC-472-0 |
Wall Street, Hedge Funds and Private Equity |
| FINC-477-0 |
Global Entrepreneurial Finance |
| FINC-478-5 |
Financial Modeling for Leveraged Buyout Transactions |
| FINC-484-5 | Managing Firms for Shareholders and Society: Thought Leadership Seminar |
| FINC-615-0 | Venture Lab (V-Lab) |
| FINC-639-0 |
Private Equity Lab (PE Lab) |
| FINC-910-0 |
Asset Management Lab |
| FINC-946-0 | Impact Investing and Sustainable Finance |
| FINC-965-5 | Blockchain Technology, Digital Assets, and the Future of Finance |
| FINC-980-5 | Venture Investing (San Francisco Immersion Program Only) |
| FINC-982-5 | Advanced Topics in Venture Investing (San Francisco Immersion Program Only) |
Last edited July 25, 2019. For any questions regarding this page, please email kellogg-registrar@kellogg.northwestern.edu
Summer 2018 - Spring 2019
A student must earn at least FOUR credits (in any combination of half-and full-credit courses) from the courses listed below to complete the major. Only one Lab credit can count toward the major.
ONE course credit from the following list:
| FINC-431-0 | Finance II |
| FINC-440-0 | Accelerated Corporate Finance |
At least ONE course credit from the following list of Capital Market courses:
| FINC-444-0 | Value Investing |
| FINC-451-0 | Money Markets and the Fed |
| FINC-465-0 | Derivative Markets |
| FINC-470-0 | International Finance |
| FINC-473-0 | Macroeconomic Policy and Global Capital Markets |
| FINC-950-0 | Capital Markets |
TWO ADDITIONAL COURSE CREDITS from the Capital Markets courses listed above or from the following list, except that only one of the lab courses FINC-615 and FINC-639 may count towards the major:
| FINC-442-0 | Financial Decisions |
| FINC-445-0 | Entrepreneurial Finance and Venture Capital |
| FINC-447-0 | Financial Strategy and Tax |
| FINC-448-0 | M&As, LBOs and Corporate Restructuring |
| FINC-454-0 | Real Estate Finance and Investments |
| FINC-455-0 | Applied Real Estate Finance and Investments |
| FINC-461-0 | Investment Banking |
| FINC-463-0 | Securities Analysis |
| FINC-484-5 | Thought Leadership Seminar: Contemporary Issues in Finance |
| FINC-615-0 | Venture Lab (V-Lab) |
| FINC-931-0 | Wall Street, Hedge Funds and Private Equity |
| FINC-456-0 | Asset Management Practicum I |
| FINC-457-0 | Asset Management Practicum II |
| FINC-458-0 | Asset Management Practicum III |
| FINC-459-0 | Asset Management Practicum IV |
| FINC-639-0 | Private Equity Lab |
| FINC-940-5 | Financial Modeling for Leveraged Buyout Transactions |
| FINC-477-0 | Global Entrepreneurial Finance |
| FINC-946-0 | Impact Investing and Sustainable Finance |
| FINC-910-0 | Asset Management Lab |
Last edited July 20, 2018. For any questions regarding this page, please email kellogg-registrar@kellogg.northwestern.edu
Summer 2017 - Spring 2018
A student must earn at least FOUR credits (in any combination of half-and full-credit courses) from the courses listed below to complete the major. Only one Lab credit can count toward the major.
ONE course credit from the following list:
| FINC-431-0 | Finance II |
| FINC-440-0 | Accelerated Corporate Finance |
At least ONE course credit from the following list of Capital Market courses:
| FINC-444-0 | Value Investing |
| FINC-451-0 | Money Markets and the Fed |
| FINC-465-0 | Derivative Markets I |
| FINC-470-0 | International Finance |
| FINC-473-0 | Macroeconomic Policy and Global Capital Markets (formerly designated FINC-941) |
| FINC-950-0 | Capital Markets |
TWO ADDITIONAL COURSE CREDITS from the Capital Markets courses listed above or from the following list, except that only one of the lab courses FINC-915 and FINC-939 may count towards the major:
| FINC-442-0 | Financial Decisions |
| FINC-445-0 | Entrepreneurial Finance and Venture Capital |
| FINC-447-0 | Financial Strategy and Tax |
| FINC-448-0 | M&As, LBOs and Corporate Restructuring |
| FINC-454-0 | Real Estate Finance and Investments |
| FINC-455-0 | Applied Real Estate Finance and Investments |
| FINC-461-0 | Investment Banking |
| FINC-463-0 | Securities Analysis |
| FINC-484-5 | Thought Leadership Seminar (formerly designated FINC-484-A) |
| FINC-915-0 | Venture Lab |
| FINC-931-0 | Wall Street, Hedge Funds and Private Equity |
| FINC-456-0 | Asset Management Practicum I (formerly designated FINC-933) |
| FINC-457-0 | Asset Management Practicum II (formerly designated FINC-934) |
| FINC-458-0 | Asset Management Practicum III (formerly designated FINC-935) |
| FINC-459-0 | Asset Management Practicum IV (formerly designated FINC-936) |
| FINC-939-0 | Private Equity Lab |
| FINC-940-5 | Financial Modeling for Leveraged Buyout Transactions |
| FINC-477-0 | Global Entrepreneurial Finance (formerly designated FINC-945) |
| FINC-946-0 | Impact Investing and Sustainable Finance |
Last edited July 15, 2017. For any questions regarding this page, please email kellogg-registrar@kellogg.northwestern.edu
Summer 2016 - Spring 2017
A student must earn at least FOUR credits (in any combination of half-and full-credit courses) from the courses listed below to complete the major. Only one Lab credit can count toward the major.
ONE course credit from the following list:
| FINC-431-0 | Finance II |
| FINC-440-0 | Accelerated Corporate Finance |
At least ONE course credit from the following list of Capital Market courses:
| FINC-444-0 | Value Investing |
| FINC-451-0 | Money Markets and the Fed |
| FINC-460-0 | Investments |
| FINC-464-0 | Fixed Income Securities |
| FINC-465-0 | Derivative Markets I |
| FINC-467-0 | Derivative Markets II |
| FINC-470-0 | International Finance |
| FINC-941-0 | Macroeconomic Policy and Global Capital Markets |
| FINC-950-0 | Capital Markets |
| FINC-970-0 | Empirical Methods in Finance |
TWO additional course credits from the Capital Market courses listed above OR from the following list:
| FINC-442-0 | Financial Decisions |
| FINC-445-0 | Entrepreneurial Finance and Venture Capital |
| FINC-447-0 | Financial Strategy and Tax |
| FINC-448-0 | M&As, LBOs and Corporate Restructuring |
| FINC-454-0 | Real Estate Finance and Investments |
| FINC-455-0 | Applied Real Estate Finance and Investments |
| FINC-461-0 | Investment Banking |
| FINC-463-0 | Securities Analysis |
| FINC-484-5 | Thought Leadership Seminar |
| FINC-915-0 | Venture Lab |
| FINC-931-0 | Wall Street, Hedge Funds and Private Equity |
| FINC-933-0 | Asset Management Practicum I |
| FINC-934-0 | Asset Management Practicum II |
| FINC-935-0 | Asset Management Practicum III |
| FINC-936-0 | Asset Management Practicum IV |
| FINC-937-0 | Microfinance & the Role of Financial Institutions in Development (currently inactive) |
| FINC-939-0 | Private Equity Lab |
| FINC-940-5 | Financial Modeling for Leveraged Buyout Transactions |
| FINC-945-0 | Global Entrepreneurial Finance |
| FINC-946-0 | Impact Investing and Sustainable Finance |
Last edited December 2016. For any questions regarding this page, please email kellogg-registrar@kellogg.northwestern.edu
Summer 2015 - Spring 2016
A student must earn at least FOUR credits (in any combination of half-and full-credit courses) from the courses listed below to complete the major. Only one Lab credit can count toward the major.
ONE course credit from the following list:
| FINC-431-0 | Finance II |
| FINC-440-0 | Accelerated Corporate Finance |
At least ONE course credit from the following list of Capital Market courses:
| FINC-444-0 | Value Investing |
| FINC-451-0 | Money Markets and the Fed |
| FINC-460-0 | Investments |
| FINC-464-0 | Fixed Income Securities |
| FINC-465-0 | Derivative Markets I |
| FINC-467-0 | Derivative Markets II |
| FINC-470-0 | International Finance |
| FINC-941-0 | Macroeconomic Policy and Global Capital Markets |
| FINC-950-0 | Capital Markets |
| FINC-970-0 | Empirical Methods in Finance |
TWO additional course credits from the Capital Market courses listed above OR from the following list:
| FINC-442-0 | Financial Decisions |
| FINC-445-0 | Entrepreneurial Finance and Venture Capital |
| FINC-447-0 | Financial Strategy and Tax |
| FINC-448-0 | M&As, LBOs and Corporate Restructuring |
| FINC-454-0 | Real Estate Finance and Investments |
| FINC-455-0 | Applied Real Estate Finance and Investments |
| FINC-461-0 | Investment Banking |
| FINC-463-0 | Securities Analysis |
| FINC-484-5 | Thought Leadership Seminar |
| FINC-915-0 | Venture Lab |
| FINC-931-0 | Wall Street, Hedge Funds and Private Equity |
| FINC-933-0 | Asset Management Practicum I |
| FINC-934-0 | Asset Management Practicum II |
| FINC-935-0 | Asset Management Practicum III |
| FINC-936-0 | Asset Management Practicum IV |
| FINC-937-0 | Microfinance & the Role of Financial Institutions in Development (currently inactive) |
| FINC-939-0 | Private Equity Lab |
| FINC-940-5 | Financial Modeling for Leveraged Buyout Transactions |
| FINC-945-0 | Global Entrepreneurial Finance |
| FINC-946-0 | Impact Investing and Sustainable Finance |
Last edited December 2016. For any questions regarding this page, please email kellogg-registrar@kellogg.northwestern.edu
Kellogg Finance Alumni
Lex Leeming '02
Partner & Head of Business Development, NexPhase Capital
"Strategic thinking, teamwork and analytical rigor all come to mind when considering my time at Kellogg. But the concept that I have most effectively employed in my career has been Emotional Intelligence; respecting the desires and needs of others in order to achieve superior group outcomes."
Curt Brockelman '96
Co-Founder and Managing Partner of Harvest Volatility Management
"The team concept of finding people with different strengths and bringing them together to grow intellectually and economically is a concept Kellogg taught me, and I have relied on it throughout my business career."
Scott Shay '80
Chairman of the Board, Signature Bank
"At Kellogg, I learned how to combine the most sophisticated corporate finance concepts with real-world practicality. 30+ years into my career, I am still grateful for the solid grounding I received from Kellogg."
Mark Fischer '05
Head of Research, Pericles Capital Advisors
"Even the best, well-thought-out business plan needs to adjust for market changes. My success in starting a fund came from my willingness to change the traditional model. Kellogg's collaborative learning environment taught me to listen to and learn from my peers — a skill I use to give potential investors the product they want."
Dado Slezak '16
Hedge Fund Associate at Brookfield Investment Management, Inc
"The opportunity to test the classroom theories in experiential settings — where we dynamically discussed our analyses of good and bad investments, and challenged each other on our assumptions and biases — put me a step ahead in recruiting and career launch."
Jim Simmons '96
Partner, Ares Management
"Kellogg was instrumental in laying the foundation for my professional development and growth as an investment professional. The strength and depth of the finance department was a critical factor in providing opportunities for intellectual exploration in pursuit of a career in private equity."