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Finance Professor Nicholas Valerio

GBS Finance Electives - Emory University

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Page 1: GBS Finance Electives - Emory University

FinanceProfessor Nicholas Valerio

Page 2: GBS Finance Electives - Emory University

MBA Finance Electives

Fall 2020

Page 3: GBS Finance Electives - Emory University

dog and pony show noun

: an often elaborate public relations

or sales presentation

also : an elaborate or overblown

affair or eventSource: https://www.merriam-webster.com/dictionary

Page 4: GBS Finance Electives - Emory University
Page 5: GBS Finance Electives - Emory University
Page 6: GBS Finance Electives - Emory University

Finance Electives

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

• FIN 625 Real Estate Finance (Shanken)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 7: GBS Finance Electives - Emory University

Finance Electives

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

• FIN 625 Real Estate Finance (Shanken)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 8: GBS Finance Electives - Emory University

Finance Electives

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

• FIN 625 Real Estate Finance (Shanken)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 9: GBS Finance Electives - Emory University

Finance Electives

FIN 622:The course is designed as a workshop in which law students

and business students will work together to structure and

negotiate varying aspects of a private equity deal, from the initial

term sheet stages, through execution of the purchase

agreement, to completion of the financing and closing. Private

equity deals that are economically justified sometimes fail in the

transaction negotiation and documentation phase. This course

will seek to provide students with the tools necessary to tackle

and resolve difficult deal issues and complete successful deals.

Students will be divided into teams of lawyers and business

people to review, consider and negotiate actual transaction

documents. Issues presented will include often-contested key

economic and legal deal terms, as well as common ethical

dilemmas.

Page 10: GBS Finance Electives - Emory University

Finance Electives

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

• FIN 625 Real Estate Finance (Shanken)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 11: GBS Finance Electives - Emory University

Finance Electives

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

• FIN 625 Real Estate Finance (Shanken)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 12: GBS Finance Electives - Emory University

Finance Electives

FIN 628:This course is intended to give students an idea of the work

conducted by investment banks. Areas reviewed will include

debt financing, equity underwriting, merger & acquisition

advisory assignments, and trading activity. Special emphasis

will be placed on the methods commonly applied when

conducting valuation, debt capacity, and transaction analysis.

In addition, to provide context, there will be a brief summary of

investment banking history and of the peripheral players

(private equity and hedge funds) which increasingly interact

with banks. At the conclusion of the course, the student should

have developed stronger corporate finance analytic skills, an

improved understanding of the execution process associated

with certain investment banking product areas, and a broader

awareness of the complex issues that often emerge during

investment banking assignments.

Page 13: GBS Finance Electives - Emory University

Finance Electives

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

• FIN 625 Real Estate Finance (Shanken)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 14: GBS Finance Electives - Emory University

Finance Electives

FIN 629:This is a course dealing with the valuation and use of fixed

income securities. It begins with the concept of the time-value-

of-money and interest rates applied to bond pricing, and

progresses through an examination of complex structured

products and fixed income derivatives.

Initially the focus will be on the markets for fixed income

securities, and the tools of pricing through the discounting of

cash flows. Next, we will study primary fixed income securities:

Treasury bonds, corporate bonds, and municipal bonds. From

there we move into the structured products of fixed income:

mortgage-backed securities and CMOs.

Continued…

Page 15: GBS Finance Electives - Emory University

Finance Electives

FIN 629 (cont.):We conclude the course with a coverage of fixed income

derivatives, both over-the-counter (OTC) and exchange-traded

(listed) products.

Throughout the course we will maintain a dual objective: to

educate you in the principles of fixed income securities and

structured finance, and give you an understanding of how Wall

Street is involved with the financial markets and the economy.

Although at various points the material may get advanced and

mathematical, this course has been intentionally designed for

students with no prior background in fixed income.

Page 16: GBS Finance Electives - Emory University

Finance Electives

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

• FIN 625 Real Estate Finance (Shanken)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 17: GBS Finance Electives - Emory University

Finance Electives

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

• FIN 625 Real Estate Finance (Shanken)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 18: GBS Finance Electives - Emory University

Finance Electives

FIN 687:This elective takes a real-world approach to learning about the

global capital markets by simulating life on the trading floor of a

brokerage firm, hedge fund or international corporation. The

class is taught by adjunct professor and practitioner Dr. Kirsten

Travers, who has pursued a career on Wall Street in investment

banking and hedge fund positions. Each class begins with a

detailed discussion of the markets, and students use Bloomberg

and FactSet daily. The classes simulate a trading environment

with students pitching their own trading ideas throughout the

semester, learning a variety of investment products to execute

strategies across global macro themes. Current events will

determine the decision making strategies of each class, and

prior knowledge of derivatives is not required. There will be a

variety of visiting speakers who share their trading experiences

throughout the semester.

Page 19: GBS Finance Electives - Emory University

Finance Electives

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

• FIN 625 Real Estate Finance (Shanken)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 20: GBS Finance Electives - Emory University

Finance Electives

Page 21: GBS Finance Electives - Emory University

Finance Electives

Industry

Finance

Financial

Institutions

Financial

Markets

620 Advanced Corporate

622 Doing Deals:

Private Equity

589 Mergers &

Acquisitions623 Security Analysis

& Portfolio Management

629 Fixed Income Securities

680 Illiquid Alternative Investments

685 Entrepreneurial Private Equity

627 International Finance

628 Investment Banking

687 Global Derivatives

Page 22: GBS Finance Electives - Emory University

Finance Electives

Day Sections Only:

• FIN 620 Advanced Corporate Finance (Ahn)

• FIN 623 Security Analysis & Portfolio Mgmt. (Mann)

• FIN 682 Real Estate Market Analysis (Bartlett)

• FIN 687 Global Derivatives Markets (Travers-Uhyam)

Day & Evening Sections:

• FIN 625 Real Estate Finance (Shanken)

Evening Sections Only:

• FIN 589 Mergers & Acquisitions (Ganduri)

• FIN 622 Doing Deals: Private Equity (Crowley & Furman)

• FIN 627 International Finance (Herpfer)

• FIN 628 Investment Banking (Crowley)

• FIN 629 Fixed Income Securities (Valerio)

• FIN 680 Frontiers & Illiquid Assets (Baks & Bell)

• FIN 685 Entrepreneurial Private Equity (Baks)

• FIN 688 Real Estate Development (McNally & Fogarty)

Page 23: GBS Finance Electives - Emory University

2020 Finance Spring Electives

• FIN 503 Global Macroeconomic Perspectives (Rosensweig)

• FIN 522 Strategic Valuation (Crowley)

• FIN 526 Financial Intelligence (Mian)

• FIN 527 Financial Markets (Valerio)

• FIN 529 Project Finance (Hill)

• FIN 599 FinTech (Balyuk)

• FIN 620 Advanced Corporate Finance (Rosenfeld)

• FIN 621 Corporate Governance (Benveniste)

• FIN 624 Derivative Asset Analysis (Valerio)

• FIN 626 Financial Services (Maturana)

• FIN 627 International Finance (Busse)

• FIN 628 Investment Banking (Crowley)

• FIN 681 Venture Capital & Private Equity (Baks)

• FIN 683 Applied Investment Management (Busse)

• FIN 684 Advanced Derivative Assets (Valerio)

• FIN 695 Distressed Investing (Baks)

Page 24: GBS Finance Electives - Emory University

Questions?

Finance Electives

Page 25: GBS Finance Electives - Emory University
Page 26: GBS Finance Electives - Emory University

MBA Finance Electives

Fall 2020