finance department’s x220 presentation professor robert klemkosky chair, finance department...
TRANSCRIPT
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
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
Major Areas: (1.) Commercial Banking
Credit Credit analystanalyst loan officerloan officer
Branch ManagerBranch Manager Relationship BankingRelationship Banking Capital MarketsCapital Markets
(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
(3.) Investments
SalesSales TradingTrading ResearchResearch
investment analysisinvestment analysis product developmentproduct development
(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
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
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)
Real Estate
Real estate developmentReal estate development CorporateCorporate SalesSales Financial institutionsFinancial institutions
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
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)
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
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
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
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)
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/
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.