Finance BBA students will be proficient in the quantitative formulas required in financial applications. This will prepare the student for a career in finance after graduation.
Objective
Core Financial Modeling Concepts
Finance BBA students will correctly apply financial models used in solving quantitative problems in finance.
Indicator
Quantitative Embedded Questions
Assessment will be made using embedded questions and assess student performance on core quantitative concepts and principles in finance. The core questions will be composed from the core modeling concepts addressed in each course. The embedded questions were created by collaboration of the finance faculty. FINC 4345 (Investments), FINC 4390 (Managerial Finance)
Criterion
Performance On Quantitative Embedded Questions
At least 50% of students will achieve correct solutions on at least 70% of embedded quantitative problems.
Finding
FINC 4345 Assessment Results
Advanced versions of embedded questions from FINC 3320 were created and assessed in the FINC 4345 course, spring 2014. As shown in the associated document, at least 50% of students achieved correct solutions on at least 70% of embedded quantitative problems.
Finding
FINC 4390 Assessment Results
Advanced versions of embedded questions from FINC 3320 were created but not assessed in the FINC 4390 course, spring 2014. A last minute change in the faculty assignment for FINC 4390 was made, and materals prepared for the assessment were not used by the instructor.
Action
Revision Of Assesment Questions
The finance faculty will meet to coordinate an optimal set of assessment questions for the FINC 4345 and FINC 4390 courses during fall semester 2014. The objective is to create exact matching questions so that a one-to-one comparison can be made as students migrate from the foundational course (FINC 3320) to the advanced courses (FINC 4345 and FINC 4390).
Goal
Capable Business Decision Makers
The goal of the Finance program is to provide students with a broad base of knowledge in finance.
Objective
Core Qualitative Concepts And Principles
Finance BBA students will demonstrate an understanding of the qualitative aspects of finance.
Indicator
Qualitative Embedded Questions
Assessment will be made using embedded questions, analyzing the students performance on core qualitative concepts and principles of finance. The finance faculty collaborated on the selection of the questions to ensure that there is uniformity amongst the respective courses. FINC 4345 (Investments), FINC 4390 (Managerial Finance)
Criterion
Performance On Qualitative Embedded Questions
At least 50% of students will achieve correct answers on at least 70% of embedded qualitative questions.
Goal
Finance Student Satisfaction
Finance students will be satisfied with the instruction that they receive.
Objective
Effective Instruction
Finance students will be satisfied with the level of instruction that they receive.
Indicator
Instruction Assessment - IDEA Form
Ratings and feedback of the Finance student as measured by the IDEA form.
Criterion
Comparison
Finance faculty will have an IDEA score average of 50% in at least one course taught.
Finding
Student Evaluation Results
Results of student evaluations in both FINC 4345 and FINC 4390 were below the comparison criterion of a 50% score.
Action
Student Evaluation Results
From the IDEA student evaluation survey, the following scores were recorded for spring 2014:
FINC 4345 (Investments): Excellent Course: Raw 3.4/5 (41-42 percentile raw-adj) Excellent Teacher: Raw 3.4/5 (37-38 percentile raw-adj)
FINC 4390 (Managerial Finance): Excellent Course: Raw 3.8/5 (47-48 percentile raw-adj) Excellent Teacher: Raw 3.9/5 (44-45 percentile raw-adj)