To earn an Investments concentration in the Full-Time MBA, Full-Time MS in Finance/MBA (Finance or Quantitative Finance track), JD/MBA, and LLM/MBA, you will earn twelve credits from the curriculum listed below.
Required Investments MBA courses
Familiarizes students with domestic and international financial markets and the securities traded therein. Discusses a variety of techniques for valuation of financial assets and relies heavily on quantitative methods. Critically analyzes such qualitative concepts as market efficiency, intrinsic value, and risk. The contents of this course, descriptive, theoretical, and applied, should provide students with the ability to build unique valuation models to suit the particular investment alternative they wish to scrutinize. Also provides students with an understanding of how investment theory and investment practice relate.
FINA 6203 | 3 credits
Builds upon FINA 6318. Focuses on capital allocation and both equity and fixed-income markets. Covers the fundamentals of stock and bond valuation, as well as a brief review of macroeconomic concepts including the role of the Federal Reserve, growth, and inflation. Culminates with coverage of firm capital structure and the weighted average cost of capital (WACC).
FINA 6320 | 3 credits
Complete 6 elective credits from the following
Develops specific concepts, policies, and techniques for the financial management of the multinational firm. Topics include operation of the foreign exchange markets, foreign exchange risk management, sources and instruments of international financing, foreign direct investment and the management of political risk, multinational capital budgeting, and financing control systems for the multinational firm.
FINA 6204 | 3 credits
Introduces financial modeling applications in the fields of risk management, statistics applied to finance, investments, and portfolio management. Financial modeling is used for performing financial analysis facilitating business decision making in virtually any business. Excel is the most widely used electronic spreadsheet program in the world. Offers students an opportunity to develop strong Excel proficiency needed to effectively and efficiently understand and implement the quantitative aspects of financial topics covered in the various financial courses taught in the MBA and MSF programs and to learn how to use a variety of spreadsheet tools and techniques to enhance their overall analytical skill set.
FINA 6207 | 3 credits
Provides an overview of all of the hedging markets and hedging instruments. Explores specific hedging use of options, forwards, futures, swaps, and options on futures. Focuses on advanced financial risk management of interest rates, currency rates, equity returns, and fixed income returns. Students use readings and case problems to study when and how to use hedging instruments to alter a portfolio’s risk exposure.
FINA 6211 | 3 credits
Exposes students to theory, applications, and evidence concerning highly sensitive interest rate products. Discusses recent developments in pension fund management, asset/liability management, duration matching, “gap” management, concurrent interest rate and exchange rate management, and other important issues now confronting domestic and international financial and corporate management. Studies how to customize a risk management program.
FINA 6212 | 3 credits
Discusses policy, strategy, and administration of financial services firms. Topics include issuance of securities, the service function within financial services, pricing a negotiated issue of common stock or competitive bid issue, and meeting capital requirements of a securities firm.
FINA 6213 | 3 credits
Explores the environments that have recently given rise to a large number of corporate mergers and the business factors underlying these corporate combinations. Examines the financial, managerial, accounting, and legal factors affecting mergers. Focuses on three aspects of the merger and acquisition process: the strategic decision to acquire, the valuation decision of how much to pay, and the financing decision on how to fund the acquisition.
FINA 6214 | 3 credits
Focuses on cash-flow oriented models of the valuation of the firm. Topics include enterprise value, free cash flow, economic value added, and risk/reward analysis. Explores recent developments in financial management and financial analysis through the use of modern finance theory to make capital allocation decisions that lead to long-run value maximization for the corporation. Focuses on applications and financial model building, risk analysis for valuation applications, and business strategies to measure and manage corporate value and value creation. Topics are relevant to value consultants, corporate managers, and securities analysts.
FINA 6216 | 3 credits
Provides students with a comprehensive understanding of real estate finance. Emphasizes factors affecting real estate investment. Topics include valuation (appraisal), market analysis, development, taxation, ownership types, short-term financing, mortgage markets, and investment strategies. Designed for students interested in a general overview of real estate finance, as well as those intending to pursue a career in the real-estate field.
FINA 6217 | 3 credits
Develops portfolio construction, revision, and performance measurement. Highlights portfolio construction in an efficient capital market. Topics include risk-return analysis, the effects of diversification on risk reduction, and the costs of inflation, taxes, and transaction costs on fixed income and equity security portfolios. Examines financial models of capital asset pricing as the basis for the analysis of portfolios from the institutional investor’s viewpoint.
FINA 6219 | 3 credits
Covers qualitative and quantitative aspects of entrepreneurial finance, such as venture capital and angel financing. Introduces students to valuation aspects in entrepreneurial finance, including valuation of startups, using real options to value innovation-intensive firms, and valuation in staged financing. Emphasizes the practical aspects of qualitative and quantitative issues related to venture capital financing, entrepreneurship, and innovation from the perspective of the financier and the startup firm. Also covers many issues related to the venture capital industry, such as the limited partnership structure of the venture capital/private equity industry, venture capital term sheets and contracts, exit of portfolio firms, and international investments. May be repeated without limit.
FINA 6260 | 3 credits
Introduces a variety of operating documents typical to an active mutual fund. Offers students an opportunity to apply lessons from investment and portfolio management classes by presenting investment recommendations to a panel and communicating with peers in a thoughtful and forceful manner. Investment decisions are made based on student analysis and recommendations that include knowledge of macroeconomic expectations, corporate financing issues, dept-repayment concerns, and employee and technological changes. May be repeated up to three times.
FINA 6360 | 3 credits
Builds on FINA 6360. Designed to provide students further analytical knowledge, including exposure to and opportunity to perform managerial tasks related to the management and operation of mutual funds. Included in these tasks are reconsideration of the fund’s investment policy statement and asset allocation plan as well as preparation of accounting statements, dealing with compliance issues, addressing ethical concerns, measuring and managing risk, and performing marketing and fund-raising activities. May be repeated up to three times.
FINA 6361 | 3 credits
Trains managers to understand the competitive implications of global economic policies, the business effects of technological change, and the commercial imperatives of alternative political systems at a macro level. At a micro level, it creates a framework for industry analysis in a global setting that combines economic analysis, competitive analysis, and business decision-making skills.
MECN 6200 | 3 credits
The curriculum is subject to change by D’Amore-McKim faculty. Please monitor for updates.