Finance Department’s X220 Presentation Prof. Craig Holden (cholden@indiana.edu) Chair, Finance Depart. Undergraduate Committee Prof. Dan Greiner (dgreiner@indiana.edu) Finance I-Core Instructor Finance Department Web Site: www.kelley.iu.edu/finance Careers in Finance Major Areas: 1. Corporate Finance 2. Investments 3. Banking 4. International Specialized Areas: Financial Consulting Investment Banking Real Estate Major Areas: (1.) Commercial Banking Credit analyst loan officer Branch Manager Relationship Banking Capital Markets (2.) Corporate Finance Line Position plant management/planning Staff Position corporate management/planning Treasury risk management capital acquisition mergers and acquisitions (3.) Investments Sales Trading Research investment analysis product development (4.) International Working outside of the U.S. or in the U.S. arm of a multinational corporation International Financial Analysis International Investments International Banking Specialized Areas: Financial Consulting Providing advising services business valuation litigation support capital acquisition restructuring Employers Big-5 accounting firms Management consulting firms Investment Banking two-year analyst position very competitive (i.e., it takes a high GPA) Real Estate Real estate development Corporate Sales Financial institutions Placement Information Finance students have approximately 12 interviews each in the BPO Although most find jobs through the BPO, a significant number find them through networking. 2000 graduates average starting salary = $39,557 Survey suggests it grows at 7%/year $48,000 after 3 years $55,000 after 5 years Some very high salaries The New “Finance Core” What: Effective Fall 2001, Finance Core = F303 Intermediate Investments F305 Intermediate Corporate Finance Linked together for non-honors students Honors students take F304 and F305 On Finance Tract: number of electives 4 3 On Real Estate Tract: A311 required elective Prerequisites for all 400-level finance electives: (either F303 or F304) and F305 Why Increase corporate finance content by requiring a corporate finance course (F305) Increase spreadsheet modeling treatment in both the investments course (F303) and the corporate finance course (F305) Current Finance Major New Finance Major 9 9 hours of accounting 3 hours of F303 12 hours of finance electives (4 courses) -----------------------------24 hours total hours of accounting 6 hours of F303 / F305 9 hours of finance electives (3 courses) -----------------------------24 hours total Finance Electives 1. 2. Corporate Finance F307 - Working Capital Management F402 - Corporate Financial Strategy F408 – Real Options and Strategic Capital Investment (new) Investments F335 - Security Trading and Market Making F420 - Fixed Income and Equity Investing F421 - Derivative Securities and Corporate Risk Management Finance Electives 3. 4. 5. 6. Commercial Banking G345 - Money, Banking, and Capital Markets F446 - Banking and Financial Intermediation International F494 - International Finance Entrepreneurial Elective F317 – Venture Capital and Entrepreneurial Finance (new) Real Estate Elective R305 – Introduction to Real Estate Analysis (new) Investment Banking Workshop Limited to 25 students admitted as Juniors Scholastic achievement Interest in industry and leadership potential Speaker series New York and Chicago trips F428 - Industry background and financial modeling F429 - Project/deal development Real Estate Track Also 24 credit hours Take three specialized real estate courses Introduction to Real Estate Analysis (R305) Real Estate Appraisals (R440) Real Estate Finance and Investment Analysis (R443) Extracurricular activities Finance Club Investment Banking Group www.indiana.edu/~finance/ Stock Market Club www.indiana.edu/~stock/ Panel Members Betsy Bird – Motorola, Inc. Lisa Graf – Procter & Gamble Darcie Lehmann – Deloitte & Touche LLP Travis Perry – PPG Industries Ted Phillips – Arthur Anderson LLP Sean Triplett – General Electric Company Richard Vonderhaar – Goldman, Sachs & Co.