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Patterns in Finance Department Dropouts

Research on first-time transfer finance majors who did not graduate in 4 years, highlighting slow progress, dropout rates, and academic difficulties. Provides data analysis and suggests implementing an early warning system for improved support.

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Patterns in Finance Department Dropouts

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  1. Patterns in Finance Department Dropouts James Dow Department of Finance, Financial Planning, and Insurance, David Nazarian College of Business and Economics

  2. Why do first-time transfer finance majors not graduate in 4 years? • Slow progress through the major? • Dropped out of CSUN? Guiding Questions

  3. 264 First-Time Transfer Finance Majors • Fall 2009 and Fall 2010 Cohorts • 56 did not graduate in 4 years Overview of Data

  4. Of the 56 students who did not graduate in 4 years: - 1 was still at CSUN after 4 years - 55 dropped out Of those who dropped out: - 25% left after one semester - 73% after three semesters 77% of those who dropped out failed at least one course Findings

  5. Conclusion: FTT Finance majors who did not graduate in 4 years did so because they dropped out, most often in their first semesters at CSUN. Commonly, students who dropped out had academic difficulties. • Suggested Action: Set up an early warning system for students (similar to the one used with student athletes) to provide feedback to advisors about class performance by the middle of the first semester and then create a program for early intervention. Concluding thoughts

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