Corporate Finance Group

2016-17

 

Chicago Booth is well-known for its superior academic rigor, particularly in the field of finance. Find below the list of recommended courses for those pursuing a major in finance and a career in corporate finance within a company.




Bus 35000 Investments - This is the bread and butter of finance at Chicago Booth. Topics include Portfolio Theory, CAPM (Capital Asset Pricing Model), APT (Arbitrage Pricing Theory), market efficiency, interest rates basics, and more. 


Bus 35200 Corporate Finance - This is another "must-take" class. Topics include NPV (Net Present Value), MM (Modigliani&Miller) propositions, Agency Costs and Asymmetric Information issues, APV (Adjusted Present Value), DCF (discounted cash flow) analysis, Mergers & Acquisitions, and more.


Bus 35201 Cases in Financial Management - Typically taken in Year 2, this class brings together concepts from various courses in finance, accounting, strategy and  marketing.  Cases of real world problems are covered dealing with financing decisions, Mergers&Acquisitions, restructuring, risk management, and more. 


Bus 35210 International Corporate Finance - This course explores the challenges of corporate finance and investment in a more integrated global economy. How should one optimally organize the location of production, control, and financing? What kinds of new concerns emerge when the whole world, rather than just one's domestic economy, become the arena of decision making? How does decision making depend on the environment one is doing business in? Most students will see this as an alternative to the course Cases in Financial Management (35201), but some could see it as a complement.


Bus 35202 Financial Markets and Institutions - This course is essentially an advanced Corporate Finance course with emphasis on debt markets. It is not a "must-take" course for those in general finance but recommended for those interested in learning more about the theories of lending, regulation, interest rates, theories of banks, stock exchanges and investment companies. 


Bus 35100 Financial Instruments - This is not a "must-take" course for those in general finance, but is recommended for those interested in derivatives.  The course covers the basics behind pricing futures, forwards, options and swaps. The course also covers the mechanics of Black-Scholes Model for pricing options and the binomial options pricing model. 


Bus 35206 Advanced Topics in Corporate Finance - The Course is suitable for people considering a career in investment banking, but the emphasis here is on the client not on the advisor. That is, the Course takes the perspective of the decision-maker, the CFO, rather than the investment banker on the company account. So, the course is best suited for those who want an insight into the CFO thought process, whether they want to be CFO's or simply advise them.


Bus 33502 International Financial Policy - This course helps students develop an understanding of issues in international macroeconomics that are important for investors and managers operating in the global marketplace. It covers theories of the determination of exchange rates and interest rates, the management of foreign exchange risk, international capital flows, debt and currency crises, international monetary and exchange rate regimes, the roles of the international financial institutions in developing countries, and other characteristics of international financial markets.


Bus 35211 The Analytics of Financial Crises- This is an advanced course that uses the tools of corporate finance to analyze financial crises. Much of the material pertains to the most recent global crisis, but we the course also studies past crises, incl. the Great Depression, the Japanese and Swedish economic crises in the 1990s, the demise of Bear Stearns, the failure of Lehman Brothers, and the sovereign debt problems that surfaced for Greece.


Bus 35205 Cases in Corporate Control and Governance- This course combines law and corporate finance to understand how shareholders try to exercise some control over the strategy and capital structure of public corporations in which they have an investment. It is taught using cases from recent years that cover topics such as: takeovers; tender offers, fairness opinions, lockups, staggered boards and poison pills; shareholder activism and proxy contests; squeeze-outs, dual class voting and other control structures for closely-held corporations; etc. The material is suitable for any student with a general interest in financial strategy and business policy.





Bus 30001 Managerial Accounting - This course is essential for those entering general industry.  Topics include budgeting, costing & pricing, measurement of sub-unit performance, and transfer pricing.  Activity based accounting and EVA (economic value added) may also be covered.


Bus 30116 Accounting & Financial Analysis I - This course is useful for those interested in interpreting the impact on the firm's financial statements of economic events affecting asset valuation, revenue recognition and others.  Topics include pensions accounting, inventory valuation, leases, deferred taxes, accounting for stock options and more. The target audience includes corporate financial managers, financial analysts and others.


Bus 30117 Accounting & Financial Analysis II - This course is useful for those interested in understanding the impact on the firm's financial statements of economic events such as mergers & acquisitions, bankruptcy, use of derivatives, foreign currency translation, and others. The target audience includes corporate financial managers, financial analysts and others.


Bus 30118 Taxes and Business Strategy - This course is helpful for those interested in understanding tax implications of certain events such as mergers & acquisitions, divestitures, international transactions, and others.


Bus 30130 Financial Statement Analysis - Typically taken in Year 2, this class presents cases of real world companies with the goal of understanding the true situation. Publicly disclosed financial statements are analyzed with the intent of evaluating performance and predicting future profitability and financial viability.

List of Recommended Courses

Finance

Accounting