Corporate Finance

You are positioned to start a new career in corporate finance by diving deep into the capital budgeting, structure, and working capital implications for organizations.

sample courses

Introduction to the concepts, assumptions, and methods underlying managerial accounting, with an emphasis on using accounting information to plan and control a company's operations. Topics include information relevant for decision-making, cost behavior, activity-based costing, pricing, cost-volume-profit analysis, operating budgets and variance analysis, capital budgeting, and performance evaluation.

Methods and techniques commonly used to analyze financial statements of US and multinational companies: business strategy analysis, transaction analysis, assessment of earnings quality, financial ratio and cash flow analysis, credit analysis and bankruptcy prediction, forecasting accounting numbers and pro forma statements, and valuation using discounted cash flows, residual income, and market multiples.

Generally speaking, project finance refers to financings where the terms and conditions of the debt are directly related to the specific purpose for which the proceeds will be used. In project financing lenders often rely only on the cash flows of those projects for repayment and have no recourse to the broader balance sheet of the sponsoring corporation.  Project financing activities are often referred to as "structured finance" since the repayment schedule and covenant packages for this debt are likely to reflect specific project cash flows or other characteristics of the assets being financed.

The course objectives are to provide an understanding of the drivers of value creation and destruction in mergers and acquisitions (M&A) and to develop skills in the design and evaluation of these transactions. Familiarity with M&A is a foundation for effective work in a wide range of fields including investment banking, private equity, consulting, corporate development, and advising senior management. The focus of the course will be primarily to analyze M&A from the perspective of a financial advisor, integrating issues from economics, accounting, law, strategy and organizational behavior where appropriate.

The first part of the course is a review of capital market theory and how to estimate the divisional cost of capital. We then examine the efficient market theory and how it affects our investment decisions. The next section concentrates on dividend policy and the share repurchase decision. The fourth part focuses on the firm's capital structure. The basic issue is whether or not the firm's capital structure influences the value of its common stock. Other topics include examining the benefits and costs of mergers, divestitures, going-private, going public and financial restructuring.

Corporate Governance of Publicly Traded Corporations has been in a state of rapid evolution over the past 30 years.  It began in the 1980's with the recognition that Corporations in the US were not being managed in the interests of shareholders and Agency problems were recognized as a root cause.  The advent of Corporate Raiders further forced the issue and questions arose regarding takeover protections and entrenched boards. Two major pieces of legislation, Sarbanes Oxley and Dodd Frank grew directly out of these episodes.

This course extends the principles of finance to the international context. Topics include exchange rate determination, the international monetary system, foreign exchange markets, currency futures, currency options, currency swaps, parity conditions, risk management, currency trading, and foreign investments.

This course deals with the valuation and use of fixed income securities. It begins with the concept of the time-value-of-money and interest rates applied to bond pricing, and progresses through an examination of complex structured products and fixed income derivatives.Initially the focus is on the markets for fixed income securities, and the tools of pricing through the discounting of cash flows. Next, we study primary fixed income securities: Treasury bonds, corporate bonds, and municipal bonds. From there we move into the structured products of fixed income: mortgage-backed securities and CMOs. We conclude the course with coverage of fixed income derivatives, both over-the-counter (OTC) and exchange-traded (listed) products. Throughout, the course maintains a dual objective: to educate you in the principles of fixed income securities and structured finance, while at the same time giving you an understanding of how Wall Street is involved with the financial markets and the economy. Although at various points the material may appear to become advanced and mathematically technical, this course has been intentionally designed for students with no prior background in fixed income, and with a grasp of mathematics only at the level of high school algebra.

This course is designed for students interested in better understanding (i) how the private equity industry works, (ii) how to structure the acquisition of a business and (iii) how to make money by leveraging key value drivers in a business. Unlike traditional courses, this course takes a unique approach by bringing in leading experts and practitioners to provide industry perspectives for almost every class. More information at

The objective and goal of this course is to broaden your awareness of the impact of global economic, financial, political, and demographic trends on business.  The class provides conceptual frameworks and tools for analysis critical to conducting business in the international environment.  Implications for human as well as economic development are discussed.  The class will enable students to think globally and strategically; develop diverse perspectives on global business, the macroeconomy, and the future; and understand the increasing global connections that impact business and finance.

Advanced topics and tools for analysis of decision problems, focusing on modeling the real-world complications.  We address the issues of: too many alternatives (leading us to resource pricing, linear programming using optimization techniques);  aversion to risk (utility); multiple, conflicting objectives (multi-attribute decision making and value-focused thinking); and too many, complex outcomes (Monte Carlo simulation). The primary course objective is to improve managerial effectiveness through clearer thinking about complex decision issues, and through the application of powerful analytical tools to a wide variety of common management problems.

This course expands on the basic statistical tools of ISOM 350 in two major ways: [1] New methods of Modeling/Analyzing data and [2] Development of automated structures to support decisions tied to data. This course is a very "hands on" working-with-data, either data sets provided or those you are specifically interested in.

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  • Graduates Corporate Finance