Principles and methods of corporate finance, valuation, analysis and management. Evaluation of business projects (capital budgeting) using financial criteria and different financing choices (capital structure) for these projects are reviewed. Introduction to the financial markets and both investment and financing instruments available to corporations and individuals. Emphasis placed on the framework and methodology involved in financial decision making.

Introductory course in banking to help understand the basic foundations and nature of banking, how banks make money, the regulatory structure, current issues in bankin, and overall value creation. Exposed to the various metrics and tools used to measure success in banking, as well as the current issues bankers face today. Structured to build a foundation for future study in banking leading towards internships.

Focuses on the arts and related economics in the cultural enterprises of a democratic society. Emphasizes experiential learning involving site visits to museums, performing arts centers, auction houses, private galleries and more. Topics covered may include the contributions of the arts to personal and community life, museums and performing arts as economic contributors, art markets, art as an alternative asset class, approaches to valuing art and corporate and government support for the arts. Readings include culturally diverse writings of artists, philosophers, economists and social theorists.

SNC/UNC grade assessment.

Extension of the development of the theory of financial management, including an examination of relevant literature. Concentrates on applications of financial management theory. Topics include working capital, capital budgeting, dividend policy issues, cost of capital, and principles of valuation.

Provides an in-depth knowledge of real estate finance, real estate investment, and the operation of the real estate capital markets. Explains the many sources and uses of capital in commercial real estate industry. Presents the mechanics of mortgage finance, followed by the details of mortgage underwriting, lender ratios and discounted cash flow analysis.

A study of financial instruments such as stocks, bonds, convertibles, and options, and the markets in which they are traded. Examines the decision process that evaluates the various investment opportunities.

Introduction to the framework and tools for preparing personal financial plans as a career path in the financial services industry. Topics covered include major asset purchases, managing liabilities, determining insurance needs, developing investment portfolios, tax strategies, retirement plans, and estate planning. Course also covers professional ethical standards.

Financial decision making in an international context. Studies global financial markets and foreign currency issues, along with the international financing and capital investments.

Provides the Excel modeling skills to apply the theories, concepts and tools for effective financial analysis and decision-making. Learn how to build interactive financial model “from scratch” to practice blending finance, accounting and spreadsheet skills. Applications include In financial statement analysis, forecasting, stock and bond valuation, target capital structure estimation and capital budgeting. Emphasis is placed on the discounted cash-flow analysis as well as sensitivity analysis.

This course will focus on the mechanics, pricing and use of financial derivatives, including futures contracts, options, swaps, collateralized securities, Treasury Bond, Eurodollar, and S&P 500 Index futures contracts will be discussed in detail. Stock options and index options also will be discussed. Important pricing models including Black-Scholes and the Binomial Option Pricing Model also will be discussed. Risk management using these instruments will be emphasized.

Focuses on the use of fixed income securities to fulfill investment requirements or accommodate corporate financing strategies. Coverage includes fixed income markets and the securities traded in those markets, techniques used to value fixed income securities, and derivative strategies using fixed income securities.

Develop Napkin Private Capital Valuations, Lean Canvas Models, Logos and Pitch Decks in conjunction with appropriate AI (artificial intelligence) tools in this experiential learning course. Pitch ideas in both written and oral form, subject to public scrutiny. Interact with AI and develop knowledge and skills in application of robotic process automation techniques, analyses of big data and construction of API (Application Programming Interface) architecture and machine learning bots. Over four different programming languages are utilized, but the techniques taught allow for a novice to be application agnostic (being able to code in over 100 languages) while having advanced skillsets in at least four, despite no experience being expected at the beginning of the course.

Stresses the development of skills essential to succeed in the investment banking and private equity fields. Emphasis is placed on activities such as merger and acquisition advisory and capital market offerings. Students learn and apply frequently used corporate finance theories and advanced analytical techniques, such as trading multiples, precedent transactions, discounted cash flow, leveraged buyout analysis and accretion/dilution analysis; and apply them to various investment scenarios such as leveraged buyouts, take-private transactions, dividend recaps, tender offers, hostile take-overs, initial public offerings, seasoned equity offerings and fairness opinions.

Designed to help students understand the growing field of alternative investments. This course offers an in-depth study of the management of hedge funds and covers various alternative investments including commodities and managed futures, private equity, exchange traded funds (ETFs), real estate, and credit derivatives.

Introduction of students to the field of institutional investment consulting. The first portion of the course focuses on theory, process and strategies for advising institutional clients. The second portion focuses on investment consulting in action – application of these tools in real life. Uses service learning, where students complement classroom study with community service. Each student works with a local nonprofit to examine their investment process and make recommendations to improve governance and risk-adjusted, investment performance.

Connects basic financial concepts with analytical skills in the evaluation of private equity opportunities. Due diligence, valuation, capital structure, deal construction and exit strategies are evaluated through rigorous case studies within the context of the moral and societal implications. Issues important to private equity firm management, such as fund raising, risk/return analysis, portfolio management, globalization of the industry and the impact of private equity on society are also included.

Overview of the primary leadership functions within a bank today. Exposed to primary decision-making committees within banks as well as the overall structure. Develops a working knowledge of all bank functions and the primary managerial roles which occur within a bank.

Designed to focus on risk management and risk evaluation process that banks face in executing the duties of banking. Exposed to the overall corporate governance structure that is used by financial institutions to determine the risks the institution faces, the magnitude of these risks and the appropriate actions taken to remediate risks and build the necessary controls. External organizations that are a party to the risk process are discussed, as well as, internal committees and structures recommended for the survivability of banks.

Hands-on analysis, presentation and management of actual loans extended to small business customers. The purpose is the on-going management of the loans over the life of the loan. Activities include credit analysis, credit presentation and approval, portfolio reporting, portfolio metrics, loan workout and loan servicing/operations. This is a lab-type course with class and study time devoted to portfolio management in an environment that is, or simulate, a commercial banking work environment.

Provides an in-depth knowledge of the various approaches to investment research and valuation, including exposure to different investment strategies and styles. Students learn to apply key investment tools, quantitative research methods, economic relationships and financial statement analysis. Students also begin managing the AIM equity and fixed income portfolios. A lecture series is included where investment practitioners discuss their investment philosophies, strategies and experiences.

Focuses on the evaluation of financial assets from the portfolio manager’s perspective. Performance measurement, asset allocation and the elements of the portfolio management process are included. Students manage the AIM portfolios and prepare professional performance reports. Current investment topics include advances in behavioral finance, data analytics and blockchain technology. A lecture series is included where practitioners discuss current topics.

Objectives are to make students aware of the role and importance of making ethical and socially responsible decisions. Students acquire a thorough understanding of the Chartered Financial Analyst® professional standards of conduct in the application of ethics to the moral dimensions of money management. Environmental, Social and Governance (ESG) factors and investor activism are explored. Involves team-based research projects and outside practitioners.

Topics vary.

S/U grade assessment.

S/U grade assessment.

Faculty-supervised, independent study/research of a specific area or topic in finance.

Extension of the development of the theory of financial management, including an examination of relevant literature. Concentrates on applications of financial management theory. Topics include working capital, capital budgeting, dividend policy issues, cost of capital, and principles of valuation.

Provides an in-depth knowledge of real estate finance, real estate investment, and the operation of the real estate capital markets. Explains the many sources and uses of capital in commercial real estate industry. Presents the mechanics of mortgage finance, followed by the details of mortgage underwriting, lender ratios and discounted cash flow analysis.

A study of financial instruments such as stocks, bonds, convertibles, and options, and the markets in which they are traded. Examines the decision process that evaluates the various investment opportunities.

Financial decision making in an international context. Studies global financial markets and foreign currency issues, along with the international financing and capital investments.

Develop Napkin Private Capital Valuations, Lean Canvas Models, Logos and Pitch Decks in conjunction with appropriate AI (artificial intelligence) tools in this experiential learning course. Pitch ideas in both written and oral form, subject to public scrutiny. Interact with AI and develop knowledge and skills in application of robotic process automation techniques, analyses of big data and construction of API (Application Programming Interface) architecture and machine learning bots. Over four different programming languages are utilized, but the techniques taught allow for a novice to be application agnostic (being able to code in over 100 languages) while having advanced skillsets in at least four, despite no experience being expected at the beginning of the course.

Stresses the development of skills essential to succeed in the investment banking and private equity fields. Emphasis is placed on activities such as merger and acquisition advisory and capital market offerings. Students learn and apply frequently used corporate finance theories and advanced analytical techniques, such as trading multiples, precedent transactions, discounted cash flow, leveraged buyout analysis and accretion/dilution analysis; and apply them to various investment scenarios such as leveraged buyouts, take-private transactions, dividend recaps, tender offers, hostile take-overs, initial public offerings, seasoned equity offerings and fairness opinions.

Introduction of students to the field of institutional investment consulting. The first portion of the course focuses on theory, process and strategies for advising institutional clients. The second portion focuses on investment consulting in action – application of these tools in real life. Uses service learning, where students complement classroom study with community service. Each student works with a local nonprofit to examine their investment process and make recommendations to improve governance and risk-adjusted, investment performance.

Objectives are to make students aware of the role and importance of making ethical and socially responsible decisions. Students acquire a thorough understanding of the Chartered Financial Analyst® professional standards of conduct in the application of ethics to the moral dimensions of money management. Environmental, Social and Governance (ESG) factors and investor activism are explored. Involves team-based research projects and outside practitioners.

Topics vary.

Review of the common types of transactions that investment bankers work on and the different methods used to value those transactions. Some of these include IPOs, seasoned equity offerings, exchange offers, mergers, hostile tender offers, leverage buyouts and going private transactions. Also exposes students to different methods used to value those transactions via applied projects, model building, cases, etc. Course may contain online teaching elements to supplement the in-class time.

The role and functioning of securities markets. Specific topics include the equity, fixed income, options and futures markets. Presents portfolio and capital market theory, the efficient markets hypothesis, institutional organization and security valuation techniques.

Management of a commercial bank, including lending, loan pricing, liability management, liquidity and asset/liability management. Issues relating to the current bank regulatory environment, including bank failures and capital adequacy, are discussed.

Examines the unique financial problems in managing a multinational firm. Financial principles are applied to a variety of multinational business issues including: hedging currency and interest rate risk, multinational capital budgeting, direct foreign investment, and managing a global business firm. Integrates financial theory with a case study approach.

Provides an in-depth knowledge of real estate finance, real estate investment and the operation of the real estate capital markets. The objective is to understand the many sources and uses of capital in the commercial real estate industry. Begins with the mechanics of mortgage finance, followed by a detailed presentation of mortgage underwriting, lender ratios and discounted cash flow analysis.

Focuses on the use of fixed income securities to fulfill investment requirements or accommodate corporate financing strategies. Covers fixed income markets and the securities traded in those markets, techniques used to value fixed income securities, and derivative strategies using fixed income securities.

Examines the ethical and socially responsible dilemmas that managers encounter in the investment management industry. Topics include the professional standards for ethical behavior, corporate governance, accounting manipulation and socially responsible investing.

Presents a variety of financial technology topics. Covers FinTech applications within banking, investments, insurance, and other financial sectors. Introduces the technical underpinnings, including basic programming, data analytics, artificial intelligence, cybersecurity and blockchain. Emphasizes ethics and explores digital privacy and security. Objective is to understand the impact of the convergence of technology, finance, regulation and ethics.

Provides students with the understanding of why investors, money managers and corporate managers often make suboptimal economic and financial decisions. Includes the identification of a variety of behavioral biases and the examination of the impact of those mistakes for security prices, corporate policies and aggregate economic outcomes. In addition, investigates whether the mistakes generate market inefficiencies that can potentially be exploited.

From the perspective of a manager who must make two decisions: 1) which investment projects to take and 2) how to finance these projects. Learn about advanced topics in corporate finance including capital budgeting, short-term and long-term financing, financial and asset restructuring, mergers and acquisitions and finally, corporate governance. Cases are used extensively. Blended with a mix of online and in-class instruction.

Topics vary.

Topics vary.

Lecture course on various topics and themes, taught in an international setting by Marquette professors. Students earn Marquette credit. Study Abroad expenses apply.