Faculty of Business Administration
Course Outline
1. Course Code and General Information
BNK 601
Course Code
Money and Investment Banking
Course Title
03
Credit Hours
Financial Accounting
Pre-requisite
BS Accounting and Finance
Program
Fourth (4th)
Semester
2. Instructor and contact information
Ms. Rimsha Ejaz
Faculty Name
0312-5090627
Contact Number
rimsha.ejaz@iqraisb.edu.pk
Email Address
211
Office Number
Monday to Friday (9 to 4)
Office Hours
3. Program Learning Outcomes
Knowledge
PLO 1: Explain core concepts in Accounting, Finance and related disciplines
Teambuilding
PLO 2: Demonstrate interpersonal and intrapersonal skills in groups and teams
Critical Thinking and Decision Making
PLO 3: Analyze businesses’ accounting and finance related problems and formulate optimal solutions
in local and global context.
Communication
PLO 4: Communicate through oral and written means by using appropriate technology
Information Technology
PLO 5: Use technology as appropriate to analyze financial and non-financial information.
Ethics and Social Responsibility
PLO 6: Exhibit work ethics and promote sustainable development goals.
4. Course Description
The course will give an introductory overview of Investment Banking. The course will help the
student understand the overall business of investment banking including the key financial products
Course Outline
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offered and regulations governing investment banking practices. The instructor will also provide
various case studies to help the student understand the marketing and analytics behind these
products.
5. Course Objectives
This course aims to develop among students the following:
1. To give a general understanding of investment.
2. To provide a detailed approach to financial products offered by the investment bank including
trading, capital markets, portfolio management and relationship management.
3. To understand the role and functioning of an investor banker.
4. To understand the wide variety of activities investment bankers engage in the dynamic
competitive and regulatory environment in which an investment banker operates the
innovation that has taken place in the field.
6. Course Learning Outcomes (CLO)
1. Identify the role and function of investment banks, stock exchanges and other market
participants
2. Describe main financial instruments including bonds, equities, money markets and
currency markets as well as derivatives, hedge funds and private equity
3. Distinguish the main types of investors including fund management and hedge funds
4. Comprehend the concept of Finance and how funds flow to firm
5. Comprehend the concept of Underwriter responsibilities
7. Teaching and Assessment
Code
CLO
1
CLO1
Knowledge
Identify the role and function of
investment banks, stock
exchanges and other market
participants
CLO 2
Describe main financial
instruments including bonds,
equities, money markets and
currency markets as well as
derivatives, hedge funds and
private equity
2
Team Building
N/A
3
Course Outline
Teaching Strategies
Course Assessment
Methods
Lecture
Case Studies
Group Discussion
Examination
Quizzes
-
-
Critical Thinking and Decision Making
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CLO 3
Distinguish the main types of
investors including fund
management and hedge funds
CLO 4
Comprehend the concept of
Finance and how funds flow to
firm
CLO 5
Comprehend the concept of
Underwriter responsibilities
4
Lecture
Reading Assignments
Participation
Participation
Examination
Quizzes
Communication
N/A
5
Information Technolgy
6
Ethics and Social Responsibility
N/A
N/A
8. Alignment of Course Learning Outcomes with Program Learning Outcomes
S No.
Course Learning Outcomes (CLO)
Program Learning Outcomes (PLO)
1
CLO 1, 2
PLO 1
2
CLO 3, 4, 5
PLO 3
9. Course Contents
Session
Topic
The Business of Investment Banking
1
2
3
Course Outline
Recommended Readings
Investment Banking; Concepts, Analyses
Investment Banks and Other Financial and cases by Partap G. Subramanyam,
Intermediaries
Latest Edition
Glass Steagall Act –Demarcation
Between Investment Banking and
Commercial
Banking.
Universal
Banking, Scope of Investment Banking
Activities.
Financial Markets, Public Placement.
Concept of Future Value and
Investment Banking; Concepts, Analyses
Present Value
and cases by Partap G. Subramanyam,
Fundamental concepts on Equity
Latest Edition
Fundamental concepts of Debt
securities, Types of Debt
Corporate Valuation
Investment Banking; Concepts, Analyses
Valuation and Financing
and cases by Partap G. Subramanyam,
Asset based valuation model, Latest Edition
Financial Forecasting, FCF
WACC, Economic profit model
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4
Free Cash flow valuation and
DDM approach
Valuation of company in loss
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
5
Types of Equity Issues in Primary
Market
Initial Public offer
Fellow on Public offer, Rights
Issue
OTC Issue
Issue of Debt Instruments and
Convertibles
Concept and Background
Venture Capital, Institutional
Private Equity
Case study on Private Placement
Concepts and Definition
Underwriting in fixed price offers
Underwriting in book-built offers
Midterm Examination
Definition and Overview, Function
of Merchant Banker in Issue
Management
Conceptual perspectives in Issue
Management
Private Equity and Investment
Banking
Investment Banking perspectives
in Private Equity
NAV and Fair Value
Introduction to share Repurchase
or share buyback
Regulatory framework for Equity
Re-Purchase
Buyback by listed and unlisted
companies. Case discussion on
share buyback
De-listing of a listed companies
Voluntary De-listing
Compulsory De-listing, Re-listing,
Case Study
Overview of corporate Reorganizations
Overview of corporate
Restructuring
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
6
7
8
9
10
11
12
13
Course Outline
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
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14
15
16
Investment Banking Perspective in
Corporate Restructuring
Introduction of M & A Markets
Mergers and Amalgamations
Acquisitions and Takeovers
Investment Banking Perspective in
Merger and Acquisitions
Gillette and P & G Case Study
Case studies
Recent trend in local and
international market
Final Examination
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
Investment Banking; Concepts, Analyses
and cases by Partap G. Subramanyam,
Latest Edition
10. Schedule of Assessment Tasks for Students During the Semester
S.
Course Assessment Method
Week Due
Percent of Total
No.
Assessment
1
Quizzes
3, 5, 7, 9,11, 14
10%
2
Midterm Examination
8
25%
3
Project
14
10%
4
Assignment
4, 10
10%
5
Participation
Overall
5%
6
Final Examination
16
40%
11. Grading Policy
‘A’ Grade
88 and above
‘B+’ Grade
81-87
‘B’ Grade
74-80
‘C+’ Grade
67-73
‘C’ Grade
60-66
‘F’ Grade
Below 60
12.
13. Text Book(s)
1. Investment Banking; Concepts, Analyses and cases by Partap G. Subramanyam, Latest
Edition
2. Fundamentals of Corporate Finance by Brealey, Myers and Marcus, Latest Edition
3. Investment Banking by Lanotta, G., Springer, 2010
In addition, the teacher may prescribe any additional reading material
14. Reference Books & Learning Material
1. Modern Investment & Security Analysis by Russell, Latest Edition
2. Fundamentals of Financial Management by Ramesh K.S. Rao, Latest Edition
3. Foundations of Financial Management by Stanley Block and G. A. Hirt, Latest Edition
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4. Introduction to Financial Management by Iqbal Mathur, Latest Edition
5. The Guide to understanding Financial Statements by S. B. Costales & Geza Szurovy.
(Latest Edition)
6. Financial Statements Analysis by Martin Fridson and Fernando Alvarez. (Latest Edition)
15. Code of Conduct
● Follow the University attendance policy.
● Observe the class schedule.
● Keep cell phone off during the class.
● Submit assignments as per guidelines and requirement.
● Maintain a disciplined, and respectful attitude towards the teacher and fellow students.
● Abstain from any form of plagiarism.
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