Business Administration is a discipline that began in the 1760s with the success of the Industrial Revolution and the emergence of new types of industrial economy. With emphasis on business management efficiency based on economic principles, Business Administration is becoming the bible of all free economy. As business structures have become complicated, and the number of growing companies and their competition becomes intense, Business Administration is considered an independent discipline from Economics in order to organize and deliver knowledge required for practical company management. Finance is an area of Economics that  studies activities related to supply and demand.

Recently, there has been an increasing demand for financial professionals from companies and institutions. The Department of Financial Management was established in 2008 to nurture financial experts according to these financial environment changes and demands. This department is the only department at Hanyang University that combines finance with business administration to complete specialized curriculums for finance. Students in this department are required to complete various courses in Business Administration in order to acquire the  basic qualifications of business, and, additionally, to take a wide range of subjects related to Economics and other subjects based on finance for specialization as a financial expert.

The Financial Management department's goal is to produce global finance professionals equipped with broad knowledge of both financial theory and practice. Accordingly, the curriculum is specifically designed for shaping future finance professionals who are in great demand by both corporations and financial institutions. The courses offered cover topics ranging from basic and well-established financial theories to highly innovative concepts and analytical tools. Throughout the program the students will be introduced to major theories explaining the relationships and interactions between corporations, financial markets, and financial institutions, and will be acquainted with major aspects of financial management, such as the investment management, risk management, corporate valuation and pricing of financial derivatives, such as futures, forwards, swaps and options.

Benefits as a Diamond Department
Although the standard of  scholarships recipients are subject to change every year, scholarships will be given to all successful applicants from the class of ‘15. In addition, when selecting international exchange students, students will be granted additional points, and they will be considered as a priority for selection if they decide to apply for Hanyang Graduate School (including Law School). They will also be given  priority to attend CFA preparation classes.

Differences From Business Administration
The Department of Financial Management was established with the aim to nurture talented people who have expertise and executive abilities in financial fields in accordance with recent changes in the financial market environment. In line with this goal, students will learn many basic subjects related to finance from their freshman year, unlike students in the Business Administration department. Accordingly, in their third and final year, students will learn more specialized finance subjects than Business Administration majors.

Various Academic Events
The representative academic events are Financial Management Students’ Chatter and Financial Management Students’ Night. The Finance Management Students’ Chatter is a tea-party held at the beginning of the spring semester in which a group of third and final year students gather together. Financial Management Students’ Night is an academic seminar held by the department. These events are opportunities for students to reach academic achievements through harmony between students and by exchanging opinions.