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Academic Areas > Area Websites > Finance > Investment Management Concentration
 

 

The Investment Management Concentration

 

 

Events

 

On November 9, 2007, Kenan-Flagler will host the third Alpha Challenge. Our first Alpha Challenge took place on November 11, 2005, when Kenan-Flagler Business School hosted the premier MBA event in the Investment Management industry. The Alpha Challenge invited teams from MBA programs around the country to compete against one another in a stock pitch competition focused around popular hedge fund trading strategies.

 

The UNC Kenan-Flagler’s team won the first annual Evergreen Investments Alpha Challenge [read the media release].

 

Overview

 

The concentration in Investment Management (IM) is designed to prepare students for leadership positions on both the buy and sell sides of securities markets, including:

 

  • Security analysis and portfolio management
  • Capital markets
  • Sales and trading
  • Personal client services

    •  

    The required curriculum includes both a rigorous theoretical component and a demanding applied component. Courses are structured to provide students a nearly comprehensive preparation for the Chartered Financial Analyst (CFA) program. Most IM concentrators choose the Applied Investment Management (AIM) course in which students manage real portfolios of financial assets. Historically, Kenan-Flagler has placed about 10 percent of the graduating class in positions involving investment management. The school has alumni in all global financial centers and most major financial corporations.

     

    Applied Investment Management

     

    Students may apply to the student managed funds (779, Applied Investment Management) course at the beginning of Mod III in the first year. This course begins in Mod IV of the first year and extends through all four mods of the second year. Students may also receive course credit for undertaking an approved practicum. Practicums are initiated by students and pre-approved by the concentration coordinator. (See MBA Handbook for details on practica study) A typical practicum will include working at least 60 hours (1 full day per week during a module) at a financial services company and completing an original research project.

     

    In addition to the core courses required of all students, IM students must complete the following course or otherwise demonstrate proficiency of the covered material: See Custom Core & Finance and Accounting Courses.

     

     Investment Management Concentration Courses
    Expand/Collapse Area : Custom Core ‎(1)
    MBA 731Managerial Accounting
    Expand/Collapse Area : Finance and Accounting Courses Required for IM Concentrators ‎(10)
    MBA 792Investmentspreviously 289, Financial Markets (required in first year)
    MBA 786Financial Modelingor MBA 793M, Practical Financial Modeling * (one of these is required in first year)
    MBA 793MPractical Financial Modelingor MBA 786, Financial Modeling (one of these is required in first year)
    MBA 783Introduction to Derivatives
    MBA 784Advanced Derivatives or MBA 791B, Advanced Fixed Income ** (both are recommended)
    MBA 791BAdvanced Fixed Income or MBA 784, Advanced Derivatives **
    MBA XXXFinancial Risk Management **
    MBA 791Fixed Income
    MBA 791ACurrent Topics in Fixed Income  **
    MBA 793DAlternative Investments **
    Expand/Collapse Area : Other Suggested Electives ‎(17)
    MBA 793APortfolio Managementhighly recommended
    MBA 793BPortfolio Management IInot offered in 2007-08
    MBA 733Financial Statement Analysishighly recommended
    MBA 846APrivate Equity
    MBA 738CTopics in Advanced Financial Reporting
    MBA 780Applied Corporate Finance
    MBA 739Complex Deals
    MBA 777Fundamental Principles of Corporate Finance
    MBA 789Mergers and Acquisitions  **
    MBA 846APrivate Equity & Debt Markets
    MBA 853Real Estate Capital Markets
    MBA 272Tax Strategy not offered in 07-08
    MBA 735Taxes in Finance
    MBA 796Global Financial Markets
    MBA 790Financing Deals and M&A previously titled Financing Deals & Strategic Transactions
    MBA 280HCorporate Governancenot offered in 07-08
    MBA 779Applied Investment Management(highly recommended - apply in Jan of 1st year)

     

    *may take only one of these courses

    **this course has a pre-requisite

     

     Sample Concentration Sequence 

     

    Year One

     

    Module I

    Module II

    Module III

    Module IV

    Required

    MBA Core Curriculum

    MBA Core & Custom Core

    -Financial Modeling

     or Practical Financial Modeling (Mod 4)

     

    -Managerial Accounting

    -Practical Financial Modeling or Financial Modeling (Mod 3)

    -Investments (Mod III-IV)

    Electives

    n/a

    electives below also available

    electives below also available

     

     

    Year Two

     

    Module I

    Module II

    Module III

    Module IV

    Electives

    -Intro to Derivatives

    -Fixed Income

    -Adv Derivatives

    -Adv Fixed Income

    -Alternative Investments

    -Financial Statement  Analysis

    -Risk Management

    -Current Topics in Fixed Income

    -Portfolio Management

     

     

    Advisory Board

     

    The IM curriculum is constantly evolving to keep pace with changing industry practices. The faculty relies on an advisory board made up of leading industry professionals to recommend curriculum changes and provide a network for career placement. Current advisory board members include:

     

    Bruce T. Herring
    Director of Equity Research
    Fidelity Management & Research Co.    		 Michael Hussey
    Executive Vice President
    Bufka & Rogers LLC
    Robert H. Litzenberger
    Executive Director
    Azimuth Trust    		 Kevin M. Johnson
    Aronson+Johnson+Ortiz, LP
    Gregg Ireland
    Capital Research & Management Company    		 Thomas Marsico
    Chairman and Chief Executive Officer
    Marsico Capital Management, LLC
    James M. Pellicane, Jr.
    Managing Director, Global Debt Markets
    Merrill Lynch    		 Doug Williams
    Portfolio Manager and Director of Research
    Evergreen Investment Management Co., LLC
    William T. Reynolds
    Managing Director (retired)
    T. Rowe Price Associates, Inc.    		 Stanley Kon
    Executive Vice President and Director of Research
    Smith Breeden Associates

     

     

    Concentration Team

     

    The coordinator for the Investment Management concentration is Gregory Brown (919-962-9250). Faculty members teaching in the concentration are Alex Arapoglou, Gregory Brown, Jennifer Conrad, Diego Garcia, Mustafa Gultekin, Pat Hartley, Michael Hussey, Christian Lundblad, William Reynolds and Gunter Strobl.

     

    Concentration Leader: Gregory Brown
    Curriculum Advisor: Gregory Brown
    Career Advisor:     Jennifer Conrad