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Finance Department’s X220 Presentation Professor Robert Klemkosky Professor Robert Klemkosky Chair, Finance Department Chair, Finance Department Finance Department Web Site: Finance Department Web Site: www.kelley.iu.edu/finance www.kelley.iu.edu/finance

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Page 1: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Finance Department’sX220 Presentation

Professor Robert KlemkoskyProfessor Robert Klemkosky

Chair, Finance DepartmentChair, Finance Department

Finance Department Web Site:Finance Department Web Site:

www.kelley.iu.edu/financewww.kelley.iu.edu/finance

Page 2: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Careers in Finance Major Areas:Major Areas:

1.1. Corporate FinanceCorporate Finance

2.2. InvestmentsInvestments

3.3. BankingBanking

4.4. InternationalInternational Specialized Areas:Specialized Areas:

Financial Consulting Financial Consulting Investment BankingInvestment Banking Real EstateReal Estate

Page 3: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Major Areas: (1.) Commercial Banking

Credit Credit analystanalyst loan officerloan officer

Branch ManagerBranch Manager Relationship BankingRelationship Banking Capital MarketsCapital Markets

Page 4: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

(2.) Corporate Finance Line PositionLine Position

plant management/planningplant management/planning Staff PositionStaff Position

corporate management/planningcorporate management/planning TreasuryTreasury

risk managementrisk management capital acquisitioncapital acquisition mergers and acquisitionsmergers and acquisitions

Page 5: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

(3.) Investments

SalesSales TradingTrading ResearchResearch

investment analysisinvestment analysis product developmentproduct development

Page 6: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

(4.) International

Working outside of the U.S. or in the U.S. Working outside of the U.S. or in the U.S. arm of a multinational corporationarm of a multinational corporation

International Financial AnalysisInternational Financial Analysis International InvestmentsInternational Investments International BankingInternational Banking

Page 7: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Specialized Areas: Financial Consulting Providing advising servicesProviding advising services

business valuationbusiness valuation litigation supportlitigation support capital acquisitioncapital acquisition restructuringrestructuring

EmployersEmployers Big-5 accounting firmsBig-5 accounting firms Management consulting firmsManagement consulting firms

Page 8: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Investment Banking

two-year analyst positiontwo-year analyst position very competitive (i.e., it takes a high GPA)very competitive (i.e., it takes a high GPA)

Page 9: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Real Estate

Real estate developmentReal estate development CorporateCorporate SalesSales Financial institutionsFinancial institutions

Page 10: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Placement Information

Finance students have Finance students have approximately 12 approximately 12 interviews each in the interviews each in the BPOBPO

Although most find Although most find jobs through the BPO, jobs through the BPO, a significant number a significant number find them through find them through networking. networking.

2001 graduates average 2001 graduates average starting salary = $43,000starting salary = $43,000

Survey suggests it grows Survey suggests it grows at 7%/yearat 7%/year $52,676 after 3 years$52,676 after 3 years $60,310 after 5 years$60,310 after 5 years

Some very high salariesSome very high salaries

Page 11: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

The Finance Major (Finance Track) Required Courses:Required Courses:

F303 Intermediate InvestmentsF303 Intermediate Investments F305 Intermediate Corporate FinanceF305 Intermediate Corporate Finance A311 Intermediate Financial Accounting IA311 Intermediate Financial Accounting I A312 Intermediate Financial Accounting IIA312 Intermediate Financial Accounting II A324 Cost Accounting (1.5 credit hours)A324 Cost Accounting (1.5 credit hours) One Accounting Elective (A327, A329, or One Accounting Elective (A327, A329, or

A420)A420) Three Finance Electives (9.0 credit hours)Three Finance Electives (9.0 credit hours)

Page 12: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Finance Electives

1.1. Corporate FinanceCorporate Finance F307 - Working Capital ManagementF307 - Working Capital Management F402 - Corporate Financial StrategyF402 - Corporate Financial Strategy F408 – Real Options and Strategic Capital F408 – Real Options and Strategic Capital

Investment - Investment - NEWNEW2.2. InvestmentsInvestments

F335 - Security Trading and Market MakingF335 - Security Trading and Market Making F420 - Fixed Income and Equity InvestingF420 - Fixed Income and Equity Investing F421 - Derivative Securities and Corporate F421 - Derivative Securities and Corporate

Risk ManagementRisk Management

Page 13: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Finance Electives3.3. Commercial BankingCommercial Banking

G345 - Money, Banking, and Capital MarketsG345 - Money, Banking, and Capital Markets F446 - Banking and Financial IntermediationF446 - Banking and Financial Intermediation

4.4. InternationalInternational F494 - International FinanceF494 - International Finance

5.5. Entrepreneurial ElectiveEntrepreneurial Elective F317 – Venture Capital and Entrepreneurial F317 – Venture Capital and Entrepreneurial

Finance - Finance - NEWNEW6.6. Real Estate ElectiveReal Estate Elective

R305 – Introduction to Real Estate Analysis - R305 – Introduction to Real Estate Analysis - NEWNEW

Page 14: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Investment Banking Workshop

Limited to 25 students admitted as JuniorsLimited to 25 students admitted as Juniors Scholastic achievementScholastic achievement Interest in industry and leadership potentialInterest in industry and leadership potential

Speaker seriesSpeaker series New York and Chicago tripsNew York and Chicago trips F428 - Industry background and financial F428 - Industry background and financial

modelingmodeling F429 - Project/deal developmentF429 - Project/deal development

Page 15: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Real Estate Track

Same number of credit hours (24) as Same number of credit hours (24) as Finance TrackFinance Track

Take three specialized real estate coursesTake three specialized real estate courses Introduction to Real Estate Analysis Introduction to Real Estate Analysis

(R305)(R305) Real Estate Appraisals (R440)Real Estate Appraisals (R440) Real Estate Finance and Investment Real Estate Finance and Investment

Analysis (R443)Analysis (R443)

Page 16: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Extracurricular activities

Finance ClubFinance Club Investment Banking GroupInvestment Banking Group www.indiana.edu/~finance/www.indiana.edu/~finance/

Stock Market ClubStock Market Club www.indiana.edu/~stock/www.indiana.edu/~stock/

Page 17: Finance Department’s X220 Presentation Professor Robert Klemkosky Chair, Finance Department Finance Department Web Site:

Panel Members Kevin Bouvy – Abbott LabsKevin Bouvy – Abbott Labs William Wheeler – Bank One CorporationWilliam Wheeler – Bank One Corporation Angela Grannan – Clifton Gunderson LLPAngela Grannan – Clifton Gunderson LLP Darcie Lehman – Deloitte & Touche LLP Darcie Lehman – Deloitte & Touche LLP Sean Triplett – General Electric CompanySean Triplett – General Electric Company Richard Vonderhaar – Goldman Sachs & Co.Richard Vonderhaar – Goldman Sachs & Co. Travis Perry – PPG Industries, Inc.Travis Perry – PPG Industries, Inc. Mike Morris – Tucker Alan Inc.Mike Morris – Tucker Alan Inc.