Finance Concentration

Mentors: Patrick Augustin and David Schumacher

This 15 credit Concentration has been designed to provide understanding of key concepts in finance theory, financial institutions, investment analysis, risk management, and applied techniques. Graduates find a strong demand among financial organizations, governments, and non-financial firms where they pursue careers which lead to positions such as Managing Partner, Treasurer and V.P. Finance.

Required Courses (9 credits)

FINE 342 Corporate Finance 3 Credits
- Fall
- Winter
- Summer
Finance: In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory.

Offered by: Management
- Prerequisite: MGCR 341
- Terms
  
  Fall 2018
  
  Winter 2019
- Instructors
  
  Sujata Madan, Vadim di Pietro
  
  Matthieu K Bouvard, Sujata Madan
FINE 441 Investment Management 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Prerequisite: MGCR 341
- Terms
  
  Fall 2018
  
  Winter 2019
- Instructors
  
  Mohammed M Chaudhury, Larbi Hammami
FINE 443 Applied Corporate Finance 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Prerequisite: FINE 342
- Terms
  
  Fall 2018
  
  Winter 2019
- Instructors
  
  Larbi Hammami
  
  Larbi Hammami, Jiro Kondo

Complementary Courses (6 credits)

FINE 434 Topics in Finance 1 3 Credits
- Fall
- Winter
- Summer
Finance: Topics will be selected from current issues in the Finance Area.

Offered by: Management
- Prerequisite: MGCR 341
- Terms
  
  Fall 2018
  
  Winter 2019
- Instructors
  
  Matey I Gerov
  
  Fahad Saleh
FINE 435 Advanced Topics in Finance 3 Credits
- Fall
- Winter
- Summer
Finance: Advanced topics will be selected from current issues in the Finance Area.

Offered by: Management
- Prerequisite(s): MGCR 341 and FINE 441
- Terms
  
  Fall 2018
  
  Winter 2019
- Instructors
  
  Anisha Ghosh
  
  Sebastien Betermier
FINE 442 Capital Markets & Institutions 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Prerequisite: MGCR 341
- Terms
  
  Fall 2018
  
  Winter 2019
- Instructors
  
  Laurent Barras
  
  Larbi Hammami
FINE 444 Princ&Strateg of Secur Trading 3 Credits
- Fall
- Winter
- Summer
Finance: Half theory and half practical exercises using Rotman Interactive Trader software in the trading lab. Theory: principles of trading in different asset classes. Software simulated cases: the actual market environment is simulated where class participants trade in real time. As the market is running, students, given previously prepared strategies, start affecting market prices and see their profit and losses, given the strategies they implement.

Offered by: Management
- Prerequisite(s): MGCR 341, FINE 441
- Restriction(s): Not open to students who have taken FINE 434 when the topic was "Managing the Risk of Trading Strategies".
- Terms
  
  Winter 2019
- Instructors
  
  Ruslan Goyenko
FINE 445 Real Estate Finance 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Prerequisite: MGCR 341
- Terms
  
  Fall 2018
- Instructors
  
  Mohammed M Chaudhury
FINE 446 Behavioural Finance 3 Credits
- Fall
- Winter
- Summer
Finance: This course will focus on how, why and to what extent our "humanness" affects decision making pertaining to financial issues. Until Kahneman and Tversky came out with their landmark work, known as prospect theory, economics was based on the notion that individuals, companies, and even countries make decisions based on their financial self-interest. In fact this is one of the tenets of modern portfolio theory. Topics covered in the course include loss aversion, the disposition effect, the framing effect, and the endowment effect.

Offered by: Management
- Prerequisite(s): MGCR 341.
- Restriction(s): Not open to students who have taken FINE 434 when topic was "Behavioural Finance".
- Terms
  
  Fall 2018
- Instructors
  
  Kenneth Lester
FINE 447 Venture Capital & Ent Finance 3 Credits
- Fall
- Winter
- Summer
Finance: This course is designed to provide an introduction to the startup production process with an emphasis on the institutions, processes, and problem solving approaches used in the financing of startup activity. The primary focus of the course is the venture capital industry though classroom discussions will also touch upon alternative funding channels like angel investors, accelerators and incubators, crowdfunding platforms, etc.

Offered by: Management
- Prerequisite(s): MGCR 341.
- Restriction(s): Not open to students who have taken FINE 434 when topic was "Venture Capital and Entrepreneurial Finance".
- Terms
  
  Winter 2019
- Instructors
  
  Jiro Kondo
FINE 448 Financial Derivatives 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Prerequisite: MGSC 372 or equivalent.
- Terms
  
  Fall 2018
  
  Winter 2019
- Instructors
  
  Daniel Andrei, Patrick Augustin
FINE 449 Market Risk Models 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Prerequisites: FINE 441 and MGSC 372 or equivalent.
- Terms
  
  Winter 2019
- Instructors
  
  Ruslan Goyenko
FINE 451 Fixed Income Analysis 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Prerequisite: FINE 441
- Terms
  
  Fall 2018
  
  Winter 2019
- Instructors
  
  Jan Edvard L Ericsson
  
  Guillaume Roussellet
FINE 452 Applied Quantitative Finance 3 Credits
- Fall
- Winter
- Summer
Finance: The course is built around a series of practical applications (backtesting trading strategies, yield curve modelling, derivatives hedging) and consists of lab sessions where lectures are mixed with time and support for solving the tasks in Matlab. No programming experience is required, but a willingness to learn is.

Offered by: Management
- Prerequisite(s): MGCR 341 and FINE 441.
- Restriction(s): Not open to students who have taken FINE 434 when topic was "Applied Quantitative Finance".
- Terms
  
  Fall 2018
- Instructors
  
  Anisha Ghosh
FINE 480 Global Investments 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Prerequisite: FINE 441, FINE 482
- Terms
  
  This course is not scheduled for the 2018 academic year
- Instructors
  
  There are no professors associated with this course for the 2018 academic year
FINE 482 International Finance 1 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Prerequisite: MGCR 341
- Terms
  
  Fall 2018
  
  Winter 2019
- Instructors
  
  Sergei Sarkissian, Vadim di Pietro
  
  Vadim di Pietro, Francesca Carrieri
FINE 492 Int'l Corporate Finance 3 Credits
- Fall
- Winter
- Summer
Finance: Focus on the financial and operational management of multinational enterprises including (but not limited to) financing and capital budgeting decisions, corporate governance and its implications on valuation and control, and recent developments in international capital markets.

Offered by: Management
- Prerequisite: FINE 342
- Terms
  
  Winter 2019
- Instructors
  
  David S Schumacher
FINE 541N1 Applied Investments 1.5 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- 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.
- Terms
  
  Winter 2019
- Instructors
  
  Kenneth Lester
FINE 541N2 Applied Investments 1.5 Credits
- Fall
- Winter
- Summer
Finance: See FINE 541N1 for course description.

Offered by: Management
- 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.
- Terms
  
  Fall 2018
- Instructors
  
  Kenneth Lester
FINE 547 Advanced Finance Seminar 3 Credits
- Fall
- Winter
- Summer
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.

Offered by: Management
- Undergraduate Prerequisites: FINE 441 and FINE 443.
- Graduate Prerequisite: MGCR 651.
- Terms
  
  Fall 2018
- Instructors
  
  Vihang R Errunza

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Bachelor of Commerce (BCom)

Concentrations

Main navigation

Finance Concentration

Required Courses (9 credits)

Complementary Courses (6 credits)

Department and University Information

Desautels Faculty of Management
McGill University

Building hours

Main navigation

Finance Concentration

Required Courses (9 credits)

Complementary Courses (6 credits)

Department and University Information

Desautels Faculty of Management McGill University

Building hours

Desautels Faculty of Management
McGill University