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Major Finance (30 credits)

Offered by: Management     Degree: Bachelor of Commerce

Program Requirements

Mentors: Please consult the Bachelor of Commerce website at: http://www.mcgill.ca/desautels/programs/bcom/academics/courseinfo

The 30-credit Finance Major has been designed to meet the increasing demand for expertise in this rapidly growing functional area of business. This major is designed to provide in-depth knowledge of finance theory, financial institutions, investment analysis, risk management, and applied techniques. Employment for graduates is most often obtained in investment and commercial banking, manufacturing and service firms, non-profit organizations and governments, and non-financial firms.

Required Courses (18 credits)

  • FINE 342 Finance 2 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory.

    Terms: Fall 2014, Winter 2015

    Instructors: Vadim di Pietro (Fall) Sujata Madan, Matthieu Bouvard (Winter)

    • Prerequisite: MGCR 341
    • Restriction: For Finance Concentration/Major/Honours
    • Restriction: Only one of FINE 342 or FINE 343 can be counted for credit
  • FINE 441 Investment Management (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Application of investment principles and security analysis to the selection and comparison of equity and fixed income securities in the current economic and financial environment. Also covered are: determinants of stock prices, growth models and portfolio diversification.

    Terms: Fall 2014, Winter 2015

    Instructors: Larbi Hammami (Fall) Sebastien Betermier, Larbi Hammami (Winter)

    • Prerequisite: MGCR 341
  • FINE 443 Applied Corporate Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Concepts and techniques are applied to problems faced by managers in Corporate Finance, such as working capital management, capital budgeting, capital structure, dividend policy, cost of capital, and mergers and acquisition. Application of theory and techniques through case studies.

    Terms: Fall 2014, Winter 2015

    Instructors: Larbi Hammami (Fall) Ruslan Goyenko, Larbi Hammami (Winter)

    • Prerequisite: FINE 342
  • FINE 448 Financial Derivatives (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The course will concentrate on both the analytical and practical aspects of investments in options and futures. The first part of the course concentrates on option and futures valuation, considering both discrete and continuous time models. The second part of the course concentrates on the practical aspects of options and futures trading.

    Terms: Fall 2014, Winter 2015

    Instructors: Larbi Hammami (Fall) Patrick Augustin, Mohammed M Chaudhury (Winter)

    • Prerequisite: MGSC 272 or MGSC 372 or equivalent
  • FINE 482 International Finance 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The international financial environment as it affects the multinational manager. Balance of payments concepts, adjustment process of the external imbalances and the international monetary system. In depth study of the institutional and theoretical aspects of foreign exchange markets; international capital markets, including Eurobonds and eurocredit markets.

    Terms: Fall 2014, Winter 2015

    Instructors: Mohammed M Chaudhury (Fall) Mohammed M Chaudhury (Winter)

    • Prerequisite: MGCR 341
  • MGSC 372 Advanced Business Statistics (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Science : A practical managerial approach to advanced simple and multiple regression analysis, with application in finance, economics and business, including a review of probability theory, an introduction to methods of least squares and maximum likelihood estimation, autoregressive forecasting models and analysis of variance.

    Terms: Fall 2014, Winter 2015

    Instructors: Brian E Smith (Fall) Brian E Smith (Winter)

    • Prerequisite: MGCR 271
    • Restriction: Not open to students who have taken MGSC 272 or MGCR 272

Complementary Courses (12 credits)

At least 9 credits from:

  • FINE 434 Topics in Finance 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Topics will be selected from current issues in the Finance Area.

    Terms: Fall 2014, Winter 2015

    Instructors: Kenneth Lester, Matey Gerov (Fall) Ruslan Goyenko, Jiro Kondo (Winter)

    • Prerequisite: MGCR 341
    • Section 051: Only FINE 434, section 051 (CRN 15589) with Prof. Brenner will be graded as S/U (Satisfactory/Unsatisfactory) and thus will not count toward any program - concentration, minor, major, honours, etc. This course can only count as an elective.
  • FINE 442 Capital Markets and Institutions (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Functions of the capital market through flow of funds analysis and an examination of portfolio activities of financial intermediaries. Also covered are: securities regulations and ethical considerations, the term structure of interest rates and risk and rates of return in debt and equity markets.

    Terms: Fall 2014, Winter 2015

    Instructors: Laurent Barras (Fall) Larbi Hammami (Winter)

    • Prerequisite: MGCR 341
  • FINE 449 Market Risk Models (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Dynamic market risk models including GARCH volatility models, dynamic conditional correlation models, non-normal return distributions, option pricing allowing for skewness and kurtosis, and option risk management using delta, delta-gamma and full-valuation.

    Terms: Fall 2014

    Instructors: Vadim di Pietro (Fall)

    • Prerequisites: FINE 441 and MGSC 272 or equivalent.
  • FINE 451 Fixed Income Analysis (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Fixed income financial instruments and their uses for both financial engineering and risk management (at the trading desk and aggregate firm level). This will involve coverage of fixed income mathematics, risk management concepts, term structure modeling, derivatives valuation and credit risk analysis.

    Terms: Fall 2014

    Instructors: Vadim di Pietro (Fall)

    • Prerequisite: FINE 441
  • FINE 480 Global Investments (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Major principles of international investments and global asset allocation, focusing on recent developments in modeling and predicting global asset returns. Main approaches to stock selection, style investing, and special issues such as indirect diversification and country and industry effects in equity pricing. Use of Datastream and other financial data sources.

    Terms: Fall 2014

    Instructors: Sergei Sarkissian (Fall)

    • Prerequisite: FINE 441, FINE 482
  • FINE 492 International Finance 2 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Focus on the operational problems of financial management in the multinational enterprise: Financing of international trade, international capital budgeting, multinational cost of capital, working capital management; International banking and recent developments in international capital markets.

    Terms: Winter 2015

    Instructors: Zeeshanali Fazal (Winter)

    • Prerequisite: FINE 482
  • FINE 541N1 Applied Investments (1.5 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Students are exposed to practical aspects of managing investment portfolios. A principal activity of students is participation in the management of a substantial investment fund.

    Terms: Winter 2015

    Instructors: Kenneth Lester (Winter)

    • Prerequisite (Undergraduate): FINE 441. Limited enrolment
    • Prerequisite (Graduate): Permission of the instructor.
    • Students must also register for FINE 541N2
    • No credit will be given for this course unless both FINE 541N1 and FINE 541N2 are successfully completed in a twelve month period
    • Restriction: Open to U2 students only in the Winter term and open to U3 students only in the Fall term.
  • FINE 541N2 Applied Investments (1.5 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : See FINE 541N1 for course description.

    Terms: Fall 2014

    Instructors: Kenneth Lester (Fall)

    • Prerequisite: FINE 541N1
    • No credit will be given for this course unless both FINE 541N1 and FINE 541N2 are successfully completed in a twelve month period
    • Restriction: Open to U2 students only in the Winter term and open to U3 students only in the Fall term.
  • FINE 547 Advanced Finance Seminar (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Selected topics will be discussed by Faculty members, invited guest speakers, and the students. Each student is required to select a topic for study and prepare a written report for presentation.

    Terms: Fall 2014

    Instructors: Vihang R Errunza (Fall)

    • Undergraduate Prerequisites: FINE 441 and FINE 443.
    • Graduate Prerequisite: MGCR 651.
    • Corequisites: FINE 646 and FINE 622.
    • Restriction: Not open to students who have taken FINE 647.

The remainder, if any, from:

  • ACCT 351 Intermediate Financial Accounting 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : An examination of the theoretical foundation for financial reporting and revenue recognition. The tools of accounting, including a review of the accounting process and compound interest concepts. Asset recognition, measurement and disclosure. Partnership accounting.

    Terms: Fall 2014, Winter 2015

    Instructors: Desmond Tsang (Fall)

    • Prerequisite: MGCR 211
  • ACCT 352 Intermediate Financial Accounting 2 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : A continuation of Intermediate Financial Accounting 1. An examination of liability recognition, measurement and disclosure, including leases, pension costs and corporate income tax. Shareholders' equity, dilutive securities and earnings per share. The statement of changes in financial position, basic financial statement analysis and full disclosure in financial reporting.

    Terms: Fall 2014, Winter 2015

    Instructors: Ralph Cecere (Fall) Zvi Singer (Winter)

    • Prerequisites: ACCT 351 and MGCR 341 or ACCT 311 and MGCR 341
  • ACCT 354 Financial Statement Analysis (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : Interpretative nature of the conceptual framework underlying a multitude of financial reporting standards, including the impact of alternative accounting methods, management biases and stakeholder interests in the analysis and valuation of the firm.

    Terms: Fall 2014, Winter 2015

    Instructors: Julia Scott (Fall) Steve Fortin (Winter)

    • Prerequisites: MGCR 211 and MGCR 341
  • ACCT 385 Principles of Taxation (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : An introduction to the concepts underlying the Canadian tax system and how they are applied in relation to the taxation of individuals and businesses.

    Terms: Fall 2014, Winter 2015

    Instructors: Larry Goldsman (Fall) Larry Goldsman (Winter)

    • Prerequisite: MGCR 211
  • FINE 445 Real Estate Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Fundamentals of mortgages from the viewpoint of both consumer and the firm. Emphasis on legal, mathematical and financial structure, provides a micro basis for analysis of the functions and performance of the mortgage market, in conjunction with the housing market.

    Terms: Fall 2014

    Instructors: Mohammed M Chaudhury (Fall)

    • Prerequisite: MGCR 341
Desautels Faculty of Management—2014-2015 (last updated Feb. 18, 2014) (disclaimer)