Investment Banking class at University
Going into my senior year next year, I only need a few more classes; one of which includes my second finance elective. My choices are basically Real Estate Finance, Fixed Income Markets, Entrepreneurial Finance, or Investment Banking ( I took Derivatives & Financial Markets as my first elective).
While I have no intention of pursuing a position in investment banking in the fall, what types of skills would a class yield? I would like to work in Global Capital Markets, corporate banking, or some position involving research,econometrics, and development--maybe trade. I'm a Finance & International Business major and an Economics minor and I need to choose one of the classes listed. Any ideas?
You can't look up the syllabus?
It would probably talk about pitch books and what they consist of.
It is probably a survey of corporate finance from a conceptual standpoint, with some practical exposure. i.e. analyzing capital structures, different funding options (senior unsecured, high yield, structured, preferred equity, common equity, etc) before you actually learn how to do a DCF. I highly doubt that any university would waste your time teaching you how to spend 30 minutes fucking with margins and spacing in ms office.
My university offered a M&A finance course, which I am assuming is the equivalent of your IBanking course. The other courses you listed, such as Real estate and Fixed Income. The IBanking course I took consisted of learning the major ways to value a company (DCF, trading Comps, Precent Transactions, LBO). Our class was primarily all group projects in which we had to pitch a strategic recommendation for a chosen company, or pitch a transaction, etc.
There is a good amount of research involved, in that in order to do the pitches, you have to understand the industry of your client, and also how your client fits in. I thought it was helpful and enjoyable, although it was a lot more work than my other finance courses.
I also took the real estate finance, and I have to say it was one of my favorite classes (this could be due to the professor being awesome). If you take the class, you will master DCF, since thats basically all you do.
Damn, we're not even touching DCF in my Real Estate Finance class.
I believe I may go to the same school as you. When i took the course it was case based and focused alot on the crisis and looking into the IBs actions at that time (however, that was more relevant at the time). It also consisted of going through some examples of LBOs and other deals, but wasn't heavily problem-focused. However, that may have changed since a year ago.
hugo - did it require more than 100 hours of studying a week?
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