Nearly all government, nonprofit, and public and private enterprises need staff members or managers whose primary responsibilities are to guide investment activities, report on financial conditions, manage internal financial reports, and develop and carry out financial activities that affect the current and future operating plans of their organization or enterprise.
Courses in finance emphasize accountability and the leveraging of private resources for public purposes. Students learn the fundamentals of budgeting and financial management in the public, private, governmental, and nonprofit sectors. Coursework includes introductory accounting and finance, learning the fundamentals of impact investing, the financing of housing and community development projects, and ways to address the entrepreneurial needs of socially responsible business ventures. In more advanced courses, students prepare financial pro formas for affordable housing, evaluate courses of action for economic development organizations, assess and recommend management decisions in the context of microfinance, and learn to identify and secure gap funding for projects. Courses in this area help prepare students for positions in the public, private, governmental, and nonprofit sectors, including careers in banking, community development lending, and municipal finance and at public agencies, NGOs, and community development corporations.
There is also an opportunity for experiential learning through the Community Development Finance Lab Project. Students work as financial consultants to local community-based organizations to provide analysis based on networking with professionals in the field.