Finance

  • SMG FE 450: Private Equity: Leveraged Buyouts
    Undergraduate Prerequisites: SMG FE 449.
    Exposes students to, and demystifies, the world of Private Equity (PE). The focus is centered on LBOs and their position in the "alternative asset" class. Students learn about the activities of a PE firm including formation, fund-raising, investing (including deal structure, terms, due diligence, and governance), and exiting. Also discussed are what other industry sectors serve or are affected by PE and who the players are. Case study and class participation will be the primary modes of learning.
  • SMG FE 454: Investment Banking
    Undergraduate Prerequisites: SMG FE 449.
    Provides an overview of the economic functions provided by investment banks including a history of the industry, current events, public policy issues and the difference between large, full service investment banks and smaller, boutique firms. Topics include: What do investment bankers do? What are the different types of analyses performed by investment bankers? What are the various types of financial securities? What is the underwriting process and how are securities priced? Focuses on the issuing process and pricing for equity, fixed income, and equity-linked securities. Also focuses on the role of investment banks in mergers, acquisitions, divestitures, and other restructuring. Additional topics include equity research, capital markets, institutional sales, trading, asset management, securitization, industry regulations, as well as typical career paths and opportunities.
  • SMG FE 455: Financing New Ventures
    Undergraduate Prerequisites: SMG FE 323.
    Students will be expected to have mastered key finance concepts including cash flow analysis, NPV, IRR and basic option pricing theory prior to entering the course. Introduction to raising "angel" funding and venture capital financing for start-up firms. Focus on capital structure analysis, capitalization tables, payoff diagrams, term sheets, equity incentives and negotiating with investors. Students are expected to prepare case studies for class discussion and become familiar with current events in the financial news about start-up company financings.
  • SMG FE 456: Fixed Income Analysis
    Undergraduate Prerequisites: SMG FE 442.
    Covers the analytic techniques used in fixed-income markets to value and measure risk on traditional fixed-rate bonds, floating-rate notes, bonds having embedded options (callable and putable bonds), structured notes, and interest rate derivatives used to manage bond portfolios (primarily interest rate swaps, caps, and floors). Extensive use is made of Excel spreadsheet analysis, including the development of a binomial term structure model to value securities. Focus is on the impact of counterparty and issuer credit risk in fixed-income valuation. 4 cr.
  • SMG FE 469: Real Estate Finance
    Undergraduate Prerequisites: SMG FE 323.
    Provides an introduction to and an understanding of real estate finance. Draws together and considers major functional areas including: structuring, ownership, finance, taxation, property valuation and analysis. The course provides a framework for decision making in the real estate investment and finance fields. The course is specifically designed to offer students interested in real estate careers a foundation from which to build. 4 cr.
  • SMG FE 498: Directed Study: Finance
    Undergraduate Prerequisites: consent of instructor and the department chairman.
    Directed study in Finance. 2 or 4 cr. Application available on Undergraduate Program website.