Graduate Courses

Graduate

FIN6100 - FINANCE

FINANCE

FIN6100 FINANCE This course includes a review of how to read and interpret financial statements, with a focus on how to interpret the relevant information in the context of finance. Students will learn how to forecast sustainable growth rates for a business. The course introduces time value of money concepts and provides an overview of how these concepts may be used to value securities. Students will learn techniques for allocating capital optimally across competing projects and will be introduced to the concepts of risk and return, with an emphasis on frameworks for evaluating these in an uncertain environment. The course also explores how to measure and manage the cost of capital, and the role of bankruptcy. The advantages and disadvantages of project finance and corporate finance are reviewed, as well as corporate governance and the role of different stakeholders.

3.00 credits

FIN6110 - FINANCE FOR ENTREPRENEURS

FINANCE FOR ENTREPRENEURS

Finance for Entrepreneurs (1.5 credits) This course will translate established principles and tools from corporate finance into the entrepreneurial environment. Specific topics include milestones and staging, alternative forms of funding, forecasting for new ventures, financial strategy, and valuation. Through hands on workshops and case studies, students will learn how to negotiate funding terms and establish metrics that will maximize the value of their entrepreneurial investment.

1.50 credits

FIN6200 - FINANCIAL DATA ANALYSIS AND PRACTICE

FINANCIAL DATA ANALYSIS AND PRACTICE

FIN6200 Financial Data Analysis and Practice 3 credits This course trains students how to use different data sets for research, how to develop appropriate financial memos and reports for various audiences, and provides some introduction to different aspects of the finance profession. At least four different datasets such as (but not limited to) CRSP, Compustat, Bloomberg, and Capital IQ will be introduced. Students will learn how to access and download data, analyze the data, create reports, and provide written and oral reports to different financial and non-financial audiences. In addition, students will be made aware of professional practices and standards in different financial professions to prepare students for rapid entry into the workplace.

1.50 credits

FIN6201 - FINANCIAL DATA ANALYSIS & PRACTICE

FINANCIAL DATA ANALYSIS & PRACTICE

Financial Data Analysis and Practice This yearlong course trains students how to use data sets for research, how to develop appropriate financial memos and reports for various audiences, and provides some introduction to different aspects of the finance profession. At least four datasets such as (but not limited to) CRSP, Compustat, Bloomberg, and Capital IQ will be introduced. Students will learn how to access and download data, analyze the data, create reports, and provide written and oral reports to financial and nonfinancial audiences. In addition, students will be made aware of professional practices and standards in financial professions to prepare students for rapid entry into the workplace.

1.50 credits

FIN7200 - INTRODUCTION TO FINANCIAL MANAGEMENT

INTRODUCTION TO FINANCIAL MANAGEMENT

FIN7200 Introduction to Financial Management Introduction to Financial Management (FIN) This course introduces the managerial finance skills required of effective business managers operating in all functional areas of an organization as they seek to create shareholder value. Covers basic corporate finance topics including financial analysis, construction of pro forma financial statements and forecasting cash flows, the relationship between risk and return, the cost of capital, discounting future cash flows, assessing the viability of projects and capital budgeting, financing and capital structure issues, and the valuation of stock, bonds, firms and other entities.

2.00 credits

FIN7502 - CAPITAL MARKETS

CAPITAL MARKETS

FIN 7503 Equities (Formerly "Equity Portfolio Management") 3 credit elective This course will address both theoretical and practical issues that arise in equity valuation and portfolio management. Students will develop a framework for understanding the following: basic valuation techniques (e.g. absolute and relative multiples (COMPCO), Discounted Cash Flow (DCF), and Dividend Discount Model (DDM)), modern portfolio theory, equity portfolio construction, passive versus active management, investing styles, and performance measurement. In addition, a portion of the course involves analysis of issues in Private Equity. These include: analysis of equity swaps quantitative investing and LBO transactions. Equity valuation and equity portfolio management are as much art as science and we will focus on the challenges equity professionals face in the pursuit of alpha. As part of the course, students will manage a "paper portfolio" in which they will design an investment strategy, execute that strategy and complete a performance attribution on the results. Prerequisite: FIN7200

3.00 credits

FIN7503 - EQUITIES

EQUITIES

FIN 7503 Equities (Formerly "Equity Portfolio Management") 3 credit elective This course will address both theoretical and practical issues that arise in equity valuation and portfolio management. Students will develop a framework for understanding the following: basic valuation techniques (e.g. absolute and relative multiples (COMPCO), Discounted Cash Flow (DCF), and Dividend Discount Model (DDM)), modern portfolio theory, equity portfolio construction, passive versus active management, investing styles, and performance measurement. In addition, a portion of the course involves analysis of issues in Private Equity. These include: analysis of equity swaps quantitative investing and LBO transactions. Equity valuation and equity portfolio management are as much art as science and we will focus on the challenges equity professionals face in the pursuit of alpha. As part of the course, students will manage a "paper portfolio" in which they will design an investment strategy, execute that strategy and complete a performance attribution on the results. Prerequisite: FIN7200 This course is typically offered in Fall and Spring.

3.00 credits

FIN7504 - RISK MANAGEMENT

RISK MANAGEMENT

FIN7504 Risk Management (formerly Managing Financial and Corporate Risk) 3 credit elective Risk management of modern corporations has risen to a new pre-eminence in industrial and financial firms. The reasons for this rise, and the techniques and instruments used by risk managers, are the subjects of this course. The course first considers the mechanics and the economic intuition behind the basic tools of financial risk management: forwards, futures, swaps, and options. Students will then use their knowledge to build synthetic securities, to exploit arbitrage opportunities, and to alter the risk/return characteristics of corporations. We then apply these tools to risk management problems of firms in industries such as energy (oil and natural gas), chemicals, financial services (banks and securities firms), and commodities (gold), and pharmaceuticals (intellectual capital.) Prerequisite: FIN7200 This course is typically offered in the Spring

3.00 credits

FIN7508 - FINANCIAL SERVICES AND INSTITUTIONS

FINANCIAL SERVICES AND INSTITUTIONS

FIN 7508 Financial Services and Institutions (Formerly "Management of Financial Institutions") 3 credit elective This course covers the operation and management of a variety of financial firms and regulatory agencies, including depository institutions, the Federal Reserve, investment banks, hedge funds, broker-dealers, asset managers, insurance companies, venture capital funds, and private equity firms. It examines the role these institutions play individually and collectively in the capital markets and how they impact the broader economy. Examples of possible topics include: managing risk and return in regulated depository institutions; venture capital markets and start-up financing; securitization and structured products; private equity and leveraged transactions; and the emergence of quantitative-high frequency trading firms. This course aims to provide a general and practical understanding of the unique, and interrelated functions and operations of financial institutions as well as the products and services offered by such firms. As such, it will be useful for any student interested in pursuing: (a) sell side positions in investment banking and private equity; (b) buy side positions in asset management; (c) a range of finance related positions within insurance and commercial banking; (d) finance related roles at medium to large corporations. It will also be useful for any student who has an interest in founding/owing a business that requires or will require substantial outside capital at start-up or to fund expansion. Prerequisite: Evening: FIN7200 Blended Learning MBA: (ECN7201 and MIS7200) One Year: FIN7200 Two Year: FIN7200

3.00 credits

FIN7511 - CORPORATE FINANCE:RAISING CAPITAL

CORPORATE FINANCE:RAISING CAPITAL

FIN 7511 Corporate Finance: Raising Capital (Formerly "Financing the Firm") 3 credit elective This course is designed to help students develop analytical tools and skills to build financing strategies and manage the right hand side of the balance sheet. It explores the theoretical and practical issues of capital structure design, considers firm financing alternatives, including equity, long-term debt, hybrid securities, leasing, securitization, project finance, and examines the process through which securities are issued. The course also explores share repurchase, dividend policy, and risk management. Prerequisite: FIN7200 This course is typically offered in Fall and Spring.

3.00 credits

FIN7513 - FIXED INCOME

FIXED INCOME

FIN 7513 Fixed Income (Formerly "Fixed Income Portfolio Management") 3 credit elective This advanced quantitative course is designed for students interested in fixed income portfolio management, as well as students interested in the sales and trading of fixed income securities and their related structured products. Topics covered include: (i) bond pricing and day count conventions; (ii) relative value and yield curve construction; (iii) duration, basis point value, and convexity; (iv) pricing and hedging of interest rate currency swaps; (v) Treasury bond futures, conversion factors, and the concepts of cheapest-to-deliver and implied repo; (vi) the repo (GC and special) market; (vii) credit risk and the pricing of high yield bonds and credit default swaps; and (viii) securitization, mortgage-backed securities, and collateralized mortgage obligations. Prerequisite: FIN7200 This course is typically offered in the Fall.

3.00 credits

FIN7516 - CORPORATE FINANCE:EVAL OPPORTUNITIES

CORPORATE FINANCE:EVAL OPPORTUNITIES

FIN 7516 Corporate Finance: Evaluating Opportunities (Formerly "Strategic Corporate Investment") 3 credit elective Students registering for this course may not have already taken FIN7506 Financial Tools for Business Managers. Credit will not be granted for both courses. This course is designed for those interested in evaluating complex long-term strategic investment proposals and valuing firms and subsidiaries for merger and acquisition purposes. Building on the foundation of the finance core, it explores finance theory to identify pitfalls, common mistakes, and best practices in corporate valuation. It expands valuation skills by introducing the equity approach and the adjusted present value (APV) valuation method, the preferred approach when capital structure is changing over time(e.g. in private equity transactions). It also covers the identification and valuation of real options embedded in strategic initiatives. Prerequisite: FIN7200 This course is typically offered in Fall and Spring.

3.00 credits

FIN7517 - FINANCING AND VALUING SUSTAINABILITY

FINANCING AND VALUING SUSTAINABILITY

FIN7517 Financing and Valuing Sustainability 3 credit elective This course will examine the concepts of 'going green' and sustainability in the context of finance and value creation. Students will analyze sustainable technologies, strategies, and business models from the perspective of managers, entrepreneurs, and investors. Basic financial tools such as discounted cash flow, capital budgeting, capital structure, and risk/return will be used to evaluate the feasibility and financial implications of 'sustainable' products and practices in a variety of industries and applications. Prerequisite: FIN7200

3.00 credits

FIN7518 - MANAGING PORTFOLIOS

MANAGING PORTFOLIOS

FIN7518 Managing Portfolios 3 credit elective Managing Portfolios is designed for students interested in investment management, portfolio management, and/or risk management. The course will augment and extend students' basic finance skills, tools and concepts learned in core finance courses and in other courses in the Investments concentration curriculum. In the context of a variety of individual and institutional investor types, from high net worth individuals to endowments, students will explore the simultaneous management of positions in multiple securities using heuristic, statistical and other mathematical tools. Topics covered include client assessment, investment objective setting, investment strategy formulation, security selection, allocation of risky assets, optimal portfolio selection, and the use of derivatives to meet investment objectives. Through projects and readings, students will explore these topics in portfolio theory and practice. Tools and theories used widely by portfolio management professionals are fundamental to this course. In addition to the traditional course work, the students will study and prepare investment proposals, periodic client communications and conduct portfolio performance evaluations. This course is typically offered in the Spring Prerequisite: FIN7200

3.00 credits

FIN7519 - PERSONAL FINANCE MANAGEMENT

PERSONAL FINANCE MANAGEMENT

FIN7519 Personal Financial Management 3 Credit Elective This course teaches students to negotiate the retail financial landscape, emphasizing issues that have a large impact on their future financial well-being. It assumes no finance knowledge other than first-year finance. The course covers topics such as selecting a financial adviser, financing the purchase of a house, college saving, retirement saving, behavioral finance, trusts, and investment frauds and scams. Specific investment products studied include mutual funds, exchange-traded funds, municipal bonds, emerging markets, alternative investments (including hedge funds, private equity funds, and commodities), annuities, and insurance products. Consideration will be given to the problem of an entrepreneur or start-up employee who has a substantial fraction of personal wealth invested in a single business venture, including evaluating stock- and option-based compensation plans. Over the duration of the course, students may work to develop a personal financial plan for themselves, or if they prefer, for a fictional person with a defined set of financial traits. Prerequisite: FIN7200 This course is typically offered in the Fall.

3.00 credits