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Our Degree Programs
Establishment
Language of instruction
English
Teaching content
FINANCE
Training officer(s)
T.VEROUSIS
Stakeholder(s)
T.VEROUSIS
Présentation
Prerequisite
None
Goal
At the end of the course, the student should be able to:
At the end of the course, the student should be able to:
1. Define investment banking and describe its main business areas
2. Evaluate the conflicts of interest in investment banking
3. Critically discuss recent issues in investment banking
4. Understand the main motivations of investment banks in their activities
5. Able to use the primary valuation methodologies that are used when making M&A transactions, LBOs, IPOs and other investment decisions
6. Evaluate how blockchain technology may have an impact in investment banking
More generally, students will:
- Demonstrate an international mindset
- Successfully collaborate within an intercultural team
- Demonstrate an expertise on key concepts, techniques and trends in their professional field
- Be a refrence point for expertise-related questions and ambiguities
At the end of the course, the student should be able to:
1. Define investment banking and describe its main business areas
2. Evaluate the conflicts of interest in investment banking
3. Critically discuss recent issues in investment banking
4. Understand the main motivations of investment banks in their activities
5. Able to use the primary valuation methodologies that are used when making M&A transactions, LBOs, IPOs and other investment decisions
6. Evaluate how blockchain technology may have an impact in investment banking
More generally, students will:
- Demonstrate an international mindset
- Successfully collaborate within an intercultural team
- Demonstrate an expertise on key concepts, techniques and trends in their professional field
- Be a refrence point for expertise-related questions and ambiguities
Presentation
The aim of the module is to gain insights into the business of investment banks as well as the competitive forces between investment banks. Rather than giving a general overview of investment banking, this module discusses the theoretical background that helps explain the behaviour of investment banks in specific business lines, e.g. M&A, IPOs, and the conflicts of interest for analysts working in investment banks. However, valuation also lies at the core of investment banking and this module aims to provide a comprehensive analysis of the main valuation tools that investment banks use in investment decisions, M&As, IPOs, spin-offs and leveraged-buyouts. Hence, this module covers the “deals” but also the behaviour of investment bankers conducting these deals and how their motives affect their recommendations to clients. Moreover, this module covers how new technologies shape the future of investment banking
Modalités
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Présentiel | |||
| Cours magistral | 16,00 | ||
| Travail personnel | |||
| Group Project | 10,00 | ||
| Individual Project | 5,00 | ||
| Charge de travail personnel indicative | 19,00 | ||
| Overall student workload | 50,00 | ||
Evaluation
2 hour exam
Ressources
Bibliography
G. Iannotta (2010). Investment Banking: A Guide to Underwriting and Advisory Services, Springer -
K.T. Liaw (2012). The Business of Investment Banking, 3rd Edition, Wiley & Sons -
M. Fleuriet (2008). Investment Banking Explained: An Insider’s Guide to the Industry, McGraw Hill -
Rosenbaum, J. and Pearl, J. (2013). Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions, Wiley & Sons -
The above books do not cover all the topics, so students will also have to read journal articles and other book chapters to complement the lecture notes. -
K.T. Liaw (2012). The Business of Investment Banking, 3rd Edition, Wiley & Sons -
M. Fleuriet (2008). Investment Banking Explained: An Insider’s Guide to the Industry, McGraw Hill -
Rosenbaum, J. and Pearl, J. (2013). Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions, Wiley & Sons -
The above books do not cover all the topics, so students will also have to read journal articles and other book chapters to complement the lecture notes. -
The above books do not cover all the topics, so students will also have to read journal articles and other book chapters to complement the lecture notes. The reading list for each lecture will be given on each lecture. However, students are strongly encouraged to extend the reading list using further academic or practitioner literature.