Greg Robert Pierce

Color portrait of Gregory Pierce

Instructor of Finance

Office Address 329 Business Building
Phone Number 814-865-8750
Email Address grp3@psu.edu

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Greg Pierce is the Director of the Honors Core Program and a Senior Lecturer in Finance in the Smeal College of Business, where he has been on the faculty since 1986. Prior to coming to Penn State full-time in 1999, he held several engineering and financial management positions at Bechtel Power Corporation, Air Products and Chemicals, HRB Systems/Raytheon, and most recently was Chief Financial Officer and Corporate Treasurer of Licom Technologies, Inc.

Expertise

Innovation and entrepreneurship, corporate finance, personal finance, strategic management, M&A, engineering entrepreneurship.

Education

MBA, Business Administration, The Pennsylvania State University, 1976

BS, Electrical Engineering, The Pennsylvania State University, 1974

Courses Taught

B A 296 – Independent Studies (variable)
Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.

B A 301 – Finance (2)
This course provides an overview of finance. The primary focus is on financial decision making in organizations - also known as corporate finance. In addition to corporate finance, the course also covers the two other primary areas of finance: financial m

B A 301H – Junior Honors Core Finance (2)
Overview of financial manager's role within the organization; investment, financing, and restructuring activities.

B A 304H – Management and Organization (2)
Introduction to key concepts for the design and management of organizations.

BA 301 – Finance (3)
An overview of finance for non-business majors. Topics include financial markets and institutions, investments, and financial decision making in organizations. B A 301 Finance (3) The goal of BA 301 is to provide insight into the thinking of both the financial manager and the functional manager that is needed to effectively lead and manage not only their business organization but also their personal financial lives. The course will enable the student to learn the key financial concepts, constructs, and models that are used by financial managers every day around the world. Understanding of the mathematics of finance, the use of financial calculators, and development of Excel financial model problem solving will be emphasized. Ethical financial decision-making will be a common theme that is integrated throughout the course. Using a survey overview approach, the first five weeks of the course will cover concepts such as financial statements and analysis, financial ratios and analysis, long-term financial planning and budgeting, time value of money, discounted cash flow analysis, capital budgeting, break-even analysis, and systematic/unsystematic risk. The next five weeks will provide an overview of financial topics that are normally covered in detail in financial markets courses. These topics include financial systems, money markets, the Federal Reserve and monetary policy, derivatives and speculative markets, and legal and operational issues in financial markets. The final five weeks will cover general personal finance topics of interest such as money management strategies, insurance and risk management, consumer credit, tax strategies, investing in stocks, bonds, and Exchange-Traded Funds, and retirement and estate planning. A student may not receive credit toward graduation for both B A 301 and FIN 100, or for both B A 301 and FIN 301.

ENGR 411 – Entrepreneurship Business Basics (3)
Three critical entrepreneurship skills are covered for non-business majors: business finance, intellectual property, and marketing.

FIN 100 – Introduction to Finance (3)
The nature, scope, and interdependence of the institutional and individual participants in the financial system. May not be used to satisfy Penn State Business baccalaureate degree requirements. Not available to students who have taken B A 301 or FIN 301.

FIN 301 – Corporation Finance (3)
Nature of finance function; risk and return concepts; working capital; dividend policies; mergers; security markets; acquisition and management of corporate capital; analysis of operations, forecasting capital requirements; raising capital; and planning p

FIN 301H – Corporation Finance (3)
Nature of finance function; risk and return concepts; working capital; dividend policies; mergers; security markets; acquisition and management of corporate capital; analysis of operations, forecasting capital requirements; raising capital; and planning p

FIN 305 – Financial Management of the Business Enterprise (3)
Development of advanced practices of financial management and their application to decision making in business firm.

FIN 305W – Financial Management of the Business Enterprise (3)
Development of advanced practices of financial management and their application to decision making in a business firm.

FIN 494 – Research Projects (Variable)
Supervised student activities on research projects identified on an individual or small-group basis.

FIN 496 – Independent Studies (variable)
Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.

Selected Publication

Pierce G. R., Simpson T. W., Kisenwether E. C., "Driving Entrepreneurial Innovation Through the Learning Factory: The Power of Interdisciplinary Capstone Design Projects." vol. CIE 2013, 2013, pp. 1-12, Invited.