#Mba in finance
The management of financial assets is important in all businesses. Finance describes how businesses raise the capital they need to start and sustain themselves, decide which projects make financial sense, and manage risks; how people invest in companies; and how financial markets work - how an economy allocates money to where it will have the most value.
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/media/4DAF9AC31BB641EEA75A0100B7346232.jpg?h=122 w=183" /%You'll have the chance to explore activities outside the classroom in numerous ways that will also allow you to build new skills, relationships, and networks. These include:
- The Investment Banking Group - The largest student group on campus, the Investment Banking Group serves as a link between investment banks, Chicago Booth students, and Career Services. Their goal is to equip members with knowledge of the investment banking industry and aid in guiding them to a career in their area of interest. It is our mission to educate the industry about the specific strengths of Chicago Booth students and the Chicago Booth curriculum. Throughout the year, we hold various events to help educate students about investment banking and aid them in navigating the recruiting process.
- Corporate Finance Group - The Financial Analysis and Treasury Group provides support to students pursuing a career in the field of finance within a company. The organization serves members with interests that cross various industries including financial services, high tech, entertainment, consumer products, health care, and energy. The group s goal is to provide members with information on careers in finance, assistance in their pursuit of such careers, and opportunities to meet professionals in the field. It also hosts the Road to CFO conference.
- Bank Week - Bank Week provides students with an opportunity to visit banks in New York City during the week after the fall quarter ends. The Investment Banking Group (IBG) arranges for banks to host students for lunches, presentations, cocktails, and other networking events. Students participate in informational interviews and those interested in sales and trading often arrange to sit in on trading desks while in New York for Bank Week.
- Hedge Fund Group - This group hosts guest speakers from the industry and seminars presented by Chicago Booth professors. The club also supports students in their recruiting efforts by cultivating industry contracts and assisting with resume preparation.
You ll have the option of taking courses that address your individual career choices. Samples include:
- Financial Instruments - This course develops, critically assesses, and applies theories of pricing derivatives. Topics include forward contracts, futures, and swaps; pricing forwards and futures; interest rate and currency swaps; options and no-arbitrage restrictions; and trading strategies and slope and convexity restrictions.
- Portfolio Management - This quantitative course presents advanced material relevant for portfolio managers. Topics include the money management industry (mutual funds, pension funds, hedge funds), modern techniques for optimal portfolio selection, liquidity and transaction costs, properties of asset returns, and investment strategies designed to exploit apparent violations of market efficiency.
- Financial Markets and Institutions - This is an advanced course in corporate finance. The course studies financial institutions, financial crises, and the design of financial contracts. The economic role of various types of debt contracts is one theme. The strategic effects of the bankruptcy and reorganization process is another. The perspective is that of the chief financial officer (CFO), who must choose a source of funds, choosing between issuing securities directly to the public versus borrowing from an intermediary such as a bank or insurance company.
- Advanced Investments - One central theme this course examines is that asset pricing has undergone a sea change in the last 20 years or so, with the realization that expected returns do vary across time, and across assets, in ways that the static CAPM and random-walk view does not recognize. The course will cover a range of topics, including how stock and bond returns can be predicted over time; understanding the volatility of stock and bond returns; multi-factor models for understanding the cross-sectional pattern of average returns, such as value, growth and momentum effects; the size of the average market return and its relation to fundamental risks; optimal portfolios that reflect multifactor models, return predictability and hedging motives; advanced trading strategies used by trading desks and hedge funds; performance evaluation and benchmarks for funds; and liquidity effects and "bubbles" in stocks and bonds.
You ll learn about the forces shaping capital markets around the globe from professors who conduct groundbreaking research, have sat on the Board of Governors of the Federal Reserve, and advised the president and heads of state.
John H. Cochrane. AQR Capital Management Distinguished Service Professor of Finance, is a research associate and past director of the asset pricing program of the National Bureau of Economic Research and a Fellow of the Econometric Society. His recent publications include the book Asset Pricing and numerous articles on his research topics.
Lin William Cong. assistant professor of finance, primarily studies corporate finance and investments. His research interests include real options, entrepreneurial finance, market efficiency, statistical learning, financial intermediation, and China's economy and capital markets. He was a George Shultz Scholar at the Stanford Institute for Economic Policy Research and a PhD Fellow at the Stanford Institute for Innovation in Developing Economies.
George M. Constantinides. Leo Melamed Professor of Finance, studies the causes of the historically observed premium of equity returns over bond returns, the value premium, and the size premium; the pricing and hedging of fixed-income securities, options, futures, and other derivatives; the effects of transaction costs and taxes on the pricing of derivatives; and portfolio management.
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