New Course in Finance Major at Apeejay School of Management

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    New Course in Finance Major at Apeejay School of Management

    Introduction to Investment Banking

    Dr. Alok Saklani

    (Director, Apeejay School of Management)

    Abstract

    Investment banking courseand financial modeling training can open up new opportunities forrewarding and productive career paths in the financial industry. Most entry-levelinvestment

    banking jobsare analyst positions, which are responsible for collecting data about markets and

    possible investments and, often times, fairly menial tasks. Analysts work with this data to produce

    predictions of market behavior or the performance of financial assets, and then provide

    recommendations based on these predictions to managers and associates. Analysts with severalyears of experience may be promoted to associates, where they may be responsible for developing

    client relationships, putting transactions together, coordinating research, managing analysts and

    other subordinates, and other tasks.

    Investment banking is a field of banking that aids companies in acquiring funds. In addition to the

    acquisition of new funds, investment banking also offers advice for a wide range of transactions a

    company might engage in.

    Traditionally, banks either engaged in commercial banking or investment banking. In commercial

    banking, the institution collects deposits from clients and gives direct loans to businesses and

    individuals. In the United States, it was illegal for a bank to have both commercial and investmentbanking until 1999, when the Gramm-Leach-Bliley Act legalized it.

    Through investment banking, an institution generates funds in two different ways. They may draw

    on public funds through the capital market by selling stock in their company, and they may alsoseek out venture capital or private equity in exchange for a stake in their company.

    An investment banking firm also does a large amount of consulting. Investment bankers give

    companies advice on mergers and acquisitions, for example. They also track the market in order togive advice on when to make public offerings and how best to manage the business' public assets.

    Some of the consultative activities investment banking firms engage in overlap with those of a

    private brokerage, as they will often give buy-and-sell advice to the companies they represent.

    Introduction

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    The financial industry is reinventing itself in response to market forces. The world of investment

    banking is a discipline that offers plenty of opportunities for exciting and lucrative careers within

    the financial industry for hardworking and highly motivated individuals. In this period of financial

    upheaval and market uncertainty, there is significant demand for skilled, disciplined, and highly

    trained professionals.

    People from many different backgrounds looking for career options find that an investment

    banking course can provide fascinating new directions to pursue.

    Therefore, on recommendation of finance club of Apeejay School of Management, we would like

    you to consider introducing a new course in the Finance curriculum for the batch commencing

    from July, 2013.

    Why Investment Banking as a course?

    Investment banking as a course offers several advantages such as :

    Investment banking is a very competitive and lucrative area, offering tremendous growth

    opportunities.

    It helps to learn practical concepts and actual financial analysis performed by investment

    banks.

    It helps to interpret market information.

    It provides students with industry knowledge and expertise required to become a

    investment banker.

    It develops wide range of skills (finance, marketing, strategy etc.)

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    Basic Course Information

    Course Objective

    The objective of the new course is as follows:

    To develop a new body of knowledge and make it available for those seeking challenging

    careers in the new era of liberalization and globalization;

    To impart a strong conceptual foundation in investment banking.

    To give adequate exposure to emerging areas like securitization, financial engineering,

    infrastructure financing, etc.;

    To prepare individuals capable of providing leadership to investment banking organizations

    operating in globalized environment.

    Brief Description of the Course

    This course is practical, hands-on, and result oriented. It will help students to learn

    practical concepts and actual financial analysis performed by investment banks. This

    course will also teach what bankers do every day. This course is very useful which makesstudents smarter and more employable and provide them with an competitive advantage

    when they sit for placements.

    Course Content

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    This course covers all the important topics related to Investment banking like:

    Financial Markets and Environment

    Economics and Corporate Finance

    Investment Banking I

    Investment Banking II

    Managing Investment Banking Organizations I

    Managing Investment Banking Organizations II

    Conclusion

    This report has highlighted various aspects about Investment Banking such as advantages of the

    courses, basic objectives of the course, description of the course, course content and use of

    investment banking as a course in the current scenario. In last I just want to conclude that the world

    of investment banking is a discipline that offers plenty of opportunities for exciting and lucrative

    careers within the financial industry for hardworking and highly motivated individuals. This course

    will be beneficial for the institute also as it will attract a large number of aspirants who want to

    make investment banking as their career.