The IU Finance Department

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Transcription:

The IU Finance Department Prof. Sreenivas Kamma, Chairperson December 2011

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Our mission Influence the world: Engage in path-breaking research and innovative curricula to develop future finance leaders, inform policy makers, and support corporations all over the world. A recent Business Week recruiter poll placed Kelley s Department of Finance in the top 10 programs for the quality of finance instruction (2 nd among public schools). U.S. News & World Report ranked our undergraduate finance program No. 9 of all universities in the nation and No. 5 of all public universities in the nation.

Our activities Examples: Congressional testimony on mutual fund fee practices, advising the Canadian government on insider trading regulation, providing research expertise to the Bank of Japan and the Swedish Central Bank, SEC, Trimark Securities, Susquehanna Investment Group, Intel, SPX, John Deere, Vodafone Essar,. Cutting edge consulting Leading textbooks Seminal research Examples: Real Options, Value Sphere, Asset Based Lending, Money Banking and Financial Markets, Real Estate Finance and Investments, Corporate Finance, Excel Modeling and Estimation and many more Examples: front-running by market makers, option backdating, mutual fund market timing, insider trading worldwide, hedge fund performance, family ownership, executive compensation, M&A.

Our influence Research leadership: front-running by market makers, option backdating, mutual fund market timing, insider trading worldwide, hedge fund performance. Policy-making and consulting: Congressional testimony on mutual fund fee practices, advising the Canadian government on insider trading regulation, providing research expertise to the Bank of Japan and the Swedish Central, SEC, Trimark Securities, Susquehanna Investment Grop, Intel, SPX, John Deere, Vodafone Essar,. Student development: textbooks by our authors used at over 145 universities. Citations: Barron s, Boston Globe, Business Week, Chicago Tribune, Money Magazine, MSNBC, New York Times, Wall Street Journal, the Washington Post, The Economist, and Financial Times,.

Some examples Do They Do It For The Money? Economist (10/27/11), New York Times (6/9/11 and 4/8/09), and in Bloomberg (4/9/09) Study: Boards Use Peers to Inflate Executive Pay, Deal Book, NY Times Investment Banking, July 26, 2010. Chief Executive s Debt Predicts Company Debt, U.S. News and World Report, September 1, 2009. http://batchgeo.com/map/6ecc3db124fcd0c8da03e99975c6fe75

Who are the faculty? 37 full time faculty; 32 with PhDs from: Columbia, INSEAD, Stanford, Wharton, Purdue, London School of Economics, Maryland, Ohio State, Univ. of Pittsburgh, UCLA, UT Austin, SUNY-Buffalo, Vanderbilt, Indiana, UNC-Chapel Hill, Washington University-St. Louis, Minnesota, Michigan, Northwestern. Top researchers, editors, leading textbooks, consulting and policy advice See their expertise at http://www.kelley.iu.edu/finance/

Our teaching portfolio Ph.D. : 12 current students (one of the most productive among B-schools) Graduate: MBA, approx. half finance majors, plus many finance minors Three academies : corporate finance, investment management, and investment banking 60 MBA Accounting students, about ½ take finance jobs Online MS in Finance Undergraduate: 2,051 majors-(largest on campus), plus support for other majors Three workshops in two areas: Investment Banking, Investment Management Executive education: Bridgestone, John Deere, SPX, Whirlpool, Vodafone Essar, etc.

Careers we prepare you for Financial analysis Controllership Treasury Specialized: strategic planning, M&A, investor relations, portfolio management, risk management Corporate Finance Consulting Consulting financial or general Reorganization/restructuring Brand management Product pricing Entrepreneurship Investment management sell side, buy side, trading, private wealth management Hedge funds/private equity Financial institutions Real estate Capital markets Investment Banking Capital raising M&A Risk management Restructuring Public finance

The MBA Finance Major MBA Finance Core (Fall semester) Two required finance foundation courses (Spring semester): F520: Asset Valuation and Strategy (Markets) F540: The Firm in the Capital Markets (Corporate Finance) 9 credit hours of finance electives (6 courses - either F or R prefix). 3 credit hours of non-finance electives.

The MBA Finance Minor F520, F540, and two elective courses (F or R prefix) OR F520 OR F540, and three elective courses (F or R prefix) This allows you to focus on investments or corporate finance tracks

MBA Finance Electives Commercial and Investment Banking (506) Short-term Finance (507) Real Options (508) Venture Capital and Entrepreneurial Finance (517) Corporate Financial Risk Management (525) Corporate Financial Strategy (546) Corporate Governance and Restructuring (548) International Corporate Finance (571) Dedicated academy courses Equity Markets (529) Fixed Income Investments (528) Derivative Securities (526) Security Trading and Market Making (535) Applied Portfolio Management (550) Private Wealth Management (579) Behavioral Finance (519) International Capital Markets (570) Real Estate Investment Analysis (R510) Real Estate Finance (R530)

MBA Professional Development Three academies: develop professionalism, expertise in focused industry careers, and act as placement services Investment Management Academy: Uses a network of over 400 investment alumni to place students on buy side and sell side Investment Banking Academy Uses network of over 500 professionals to place students in investment banking jobs, study tours of emerging markets Corporate Finance Academy CFO focus, Treasury focus, Finance for high-tech manufacturing focus The Finance Club Reese Fund Student managed portfolio of $600,000. MBA students make presentations before a board of Wall Street professionals Center for Real Estate Studies Benecki gift of land on Dog island, Florida.

Academy courses F551 Industry Analysis* A Fall-scheduled prep class for F550 (Reese Fund) focusing on Sector/Industry analysis. Investment Management Academy (IMA) students hone their expertise and detailed understanding of the drivers, metrics, and valuation of the Sector they ll cover for the Reese Fund. This course is required for IMA students. F550 Reese Fund* *Prereqs for each of these courses are F520, F529, A545, A546 A Spring-scheduled applied stock selection course, and the capstone to the IMA program. Based on industries assigned in F551, students identify, research, and analyze a security, write a full report, then pitch the security to the Reese Fund Board of Directors for inclusion in a live portfolio. This course is required for IMA students.

Academy courses F560 Value Fund* A Fall-scheduled applied stock selection course. Using Graham & Dodd value fundamental analysis tools, students identify, research, and analyze a security, write a full report, then pitch the security for inclusion in a live portfolio. Frequent speakers by value-style portfolio managers. F579 Private Wealth Management A Spring-scheduled course focusing on the various business models, skills required, and professional opportunities in the area of Private Wealth Management. Through a combination of lectures, industry speakers, and current topical reading, this growing area is explored in detail.

Academy courses F579 Global Finance and Emerging Markets Study tour of Shanghai & Hong Kong *Prereqs for each of these courses are F520, F529, A545, A546 Required IMA Courses: F551, F550, F526 (Derivatives), F528 (Fixed Income Analysis), F529 (Equity Analysis), and by default, A545 & A546

Courses F520 Asset Valuation & Strategy Corporate Finance Financial Institutions Investment Banking Required F540 The Firm in the Capital Market Required F506 Commercial & Investment Banking * * F507 Short-term Financial Management * * Investment Management Real Estate F508 Real Options in Capital Budgeting * * * * * F517 Venture Analysis * * * F519 Behavioral Finance * * * F525 Corporate Financial Risk Management * * * F526 Derivative Securities * * * * F528 Fixed Income Investment * * * * * F529 Equity Markets * * F535 Security Trading and Market Making * * F546 Corporate Financial Strategy * * * F548 Corporate Governance & Restructuring * * F560 Behavioral Finance * * F570 International Capital Markets * * * * F571 International Corporate Finance * * F579 Private Wealth Management * * R510 Real Estate Investment Analysis * * R530 Real Estate Finance * * *