Scps Finance

FINANCEFALL 2011

The following information is taken from the fall 2011 NYU-SCPS bulletin. Please note that changes are made to course sched-ules and locations, and new offerings are added on a continuing basis. Visit our website for the most up-to-date program information: scps.nyu.edu

HAVE A QUESTION? WE CAN HELP.If you need more information about noncredit courses or certificates, we are available to answer your questions in person, by phone, or by e-mail.

FALL TERMCALENDARFall Classes Begin Wednesday, September 21

Rosh Hashanah Wednesday–Thursday, September 28–29 All classes cancelled at Norman Thomas Center and Manhattan Village Academy only.

Columbus Day Monday, October 10 All classes cancelled.

Thanksgiving Recess Thursday–Sunday, November 24–27 All classes cancelled.

WEB: scps.nyu.edu 24 HOURS A DAY

PAYMENT: Visa, MasterCard, Discover, American Express

IN PERSON7 East 12th Street, 1st Floor Now through Sept. 2:Monday–Thursday, 9 a.m.–6 p.m.; Friday, 9 a.m.–5 p.m.* Extended hours, Sept. 6–30: Monday –Thursday, 9. a.m.–7 p.m.; Friday, 9. a.m.–5 p.m.

PAYMENT: Visa, MasterCard, Discover, American Express, check, or money order payable to New York University.

TELEPHONE: (212) 998-7150 Now through Sept. 2: Monday–Thursday, 9 a.m.–6 p.m., Friday 9 a.m.–5 p.m.* Extended hours, Sept. 6–30: Monday –Thursday, 9 a.m.–7 p.m.; Friday, 9 a.m.–5 p.m.


MAIL Mail registrations are accepted throughout the semester and must be postmarked at least two weeks before the course start date. Use the postage- paid registration form at the back of this Bulletin.


Register now for the best course selection and availability. You may register during the semester according to the schedules and procedures in the Registration section of this Bulletin. Courses begin throughout the term.

HOW TO REGISTER

NEED TO CHECK CLASS LOCATIONS OR TIMES?You can view course details, including class locations, room numbers, dates, and times through ALBERT, the NYU student information services website, or by calling the number below. Instructions for accessing ALBERT are sent to students upon registration.

Call: (212) 998-7200

NEED TO DROP A COURSE?You may drop a course by mail or in person (7 East 12th Street, 1st Floor, New York, NY 10003); online anytime at scps.nyu.edu/drop; and up until one day before the course start date via ALBERT, the NYU student information services website; or by fax (212-995-3060). If you wish to withdraw from a course after the first class has met, please consult our refund policy in the Registration section of this Bulletin.

WEB SCPS.NYU.EDU | E-MAIL [email protected]

TELEPHONE: (212) 998-7200 Monday–Thursday, 9 a.m.–7 p.m.; Friday until 5 p.m.*

E-MAIL: [email protected]

INFORMATION SESSIONSOur information sessions offer an opportunity to meet program staff, discuss your interests, and ask questions. See page viii for a schedule.

* Telephone and in-person registration may be suspended or altered due to holiday observance.

ON THE COVER: MILTON GLASERMilton Glaser is among the most celebrated graphic designers in the United States. As a Fulbright scholar, he studied with the painter Giorgio Morandi in Bologna, Italy. He has had the distinction of presenting solo exhibitions at the Museum of Modern Art and the Georges Pompidou Center in Paris and was selected in 2004 to receive the Cooper Hewitt National Design Museum’s lifetime achievement award. In 2010, Glaser became the first graphic designer to receive the National Medal of Arts. He opened Milton Glaser, Inc. in 1974 and continues to produce a prolific amount of work in many fields of design.

FOR MORE INFORMATION

Jane Wiater LaPorte, director of publications

Sharon Fass, associate director of publications

Cindy Nowicki, production editor

Alfonse Antonaglia, production manager

Clement Wu, graphic designer

Jim O’Brien, writer

Cover Art: Milton Glaser

Cover Design: FP Design NY, Inc.

New York University Bulletin (USPS 383-620), Vol. CXI, No. 3, March 15, 2011

Published four times per year (January, March, July, November) by New York University, 244 Greene Street, 2nd Floor, New York, NY 10003-6651.

Periodicals postage paid at NY, NY and at additional entry offices.

POSTMASTER: Send address changes to New York University Bulletin, 244 Greene Street, 2nd Floor, NY, NY 10003-6651.

Smart Phone users can scan this QR code to link to the NYU-SCPS website.

SCPS.NYU.EDU/FINANCE

1TO REGISTER: (212) 998-7150 OR SCPS.NYU.EDU FOR MORE INFORMATION: (212) 998-7200

Finance for Nonfinance ProfessionalsFINA1-CE9642/$750N Sec. 1: Thurs. 6.30–9 p.m., Sept. 22–Nov. 17 (7 sessions). No class Sept. 29. John Stoltzfus

Designed for managers and professionals who have no background in finance, this course provides an introduction to the fi-nancial field. Students gain familiarity with financial definitions, securities used by cor-porations, common and preferred stock, convertible features, bonds, long-term debt, and the tools used for analysis. Students learn how to analyze methods of financing using corporate or outside funds.

Finance Math/Statistics: A Skill Enhancement and Review CourseFINA1-CE9151/$395N Sec. 1: Mon. 6.30–9 p.m., Sept. 26–Oct. 31 (5 sessions). Gain a better understanding of the mathe-matics crucial to success in quantitative courses. Brush up on skills and key mathe-matical ideas required for the finance cur-riculum. Content emphasizes basic tools of calculation and their application through specific examples. Students are introduced to concepts commonly used in finance such as present value, expected value, and compound interest rates, along with key statistical concepts. No prior exposure to sta-tistics is required. Course content contains no review or discussion of calculus. Estimated time to complete the primary instructional path is 15 to 20 hours.

HP 10bII Calculator Workshop: A Comprehensive ApproachFINA2-CS0303/$300W Sec. 301: Sat. Sun. 9 a.m.–5 p.m., Oct. 8–9 (2 sessions). Joseph Matthews, vice president–wealth management, Merrill Lynch.Gain a comprehensive understanding of the HP 10bII calculator. Understand oper-ating modes as well as the varied calcula-tions required of financial planners when structuring and reviewing client strategies. Topics include time value of money basics, solving for lease and loan payments, mort-gage applications, NPV and IRR dis-counted cash flow, standard deviation, investment calculations, basic statistical ap-plications, valuation of debt and equity se-curities, risk adjusted portfolio performance measurement and duration, standard devia-tion of a portfolio, and CAPM.

Financial Planning Review CourseFINA2-CS1000/$975Sec. 301: Wed.–Sat. 8 a.m.–6 p.m., Oct. 19–22 (4 sessions). This five-day review course is intended for students who have completed an educa-tional program such as the NYU-SCPS Certificate in Financial Planning and in-tend to sit for the CFP® Certification Exam. It is also suitable for CPAs, attor-neys, and others who are eligible for Challenge Status or qualify through the transcript review process. For more infor-mation or to register, visit scps.nyu.edu/cfp or thedaltonreview.com, or call (877) 426-2373. NYU students receive a $50 discount off the tuition. Use Discount Code: ICOCFPD.H

Information sessions include discussions about industry news and career opportunities, presentations on curricula, and a chance to ask questions of faculty members and staff. No RSVP is required, but please be punctual. For more information, call (212) 998-7200.

For a listing of our information sessions and events, see page viii.

INFORMATION SESSIONFinanceThursday, 6–8 p.m., September 1NYU Midtown Center11 West 42nd Street, 4th Floor

FINANCEOur programs provide finance professionals with the skills to remain

highly valued to employers, those in careers outside finance the

know-how they need to advance, and individuals with the knowledge

essential to manage the financial aspects of their lives. We cover the

gamut of topics in finance, from the essentials of each discipline to

current issues and advanced concepts. Whether you work in a

Fortune 500 company or a small business, our courses and certificate

programs provide the knowledge to keep you current. NYU’s location

in New York City—one of the world’s leading financial centers—gives

you a direct line to the latest developments, practices, and trends in

finance and access to a faculty of leading practitioners.

Our offerings in Finance include:

• Noncredit courses ranging from fundamental concepts to advanced

and highly specialized areas of study.

• Certificate programs: Behavioral Economics and Finance Theory

(page 2), Business Finance Fundamentals (page 2), Credit Analysis

(page 3), Ethics and Corporate Governance (page 4), NEW Ethics

and Governance for Nonprofits and Public Companies (page 5),

Financial Analysis and Advanced Financial Analysis (page 6), Financial

Planning (page 7), Financial Risk Management and Advanced Financial

Risk Management (page 9), International Business and Finance and

Advanced International Business and Finance (page 12), NEW International

Trade Finance and Logistics (page 13), Investment Banking and Advanced

Investment Banking (page 14), and Portfolio Management and Advanced

Portfolio Management (page 15).

• Graduate Certificate in Enterprise Risk Management offered through

the M.S. in Management and Systems program.

For more information, visit scps.nyu.edu/finance or call (212) 998-7200.

CONTENTS

Finance Preparation Courses 1

Behavioral Economics and Finance Theory 2

Business Finance Fundamentals 3

Credit Analysis 3

Economics 4

Ethics and Corporate Governance 4

Financial Analysis 5

Financial Planning 6

Personal Finance 8

Financial Risk Management and Derivative Instruments 8

International Business and Finance 11

International Trade, Finance, and Logistics 12

Investment Banking 13

Portfolio Management 14

Intensive Credit Training ProgramFINA2-CS3330/$1,295M Sec. 301: Mon.–Fri. 9 a.m.–5 p.m., Oct. 10–14 (5 sessions). Richard M. Fox, managing director, Cross Atlantic Capital Partners, Inc.This intensive, which mirrors major bank credit training programs, targets junior banking officers and those in the financial services industry seeking to improve their credit skills. It provides a disciplined framework for credit analysis and encourages clear, concise oral and written skills using a case study approach. Topics include analy-sis of short- and long-term credit products; business and industry risks and manage-ment; and comprehensive analysis of income statements, cash flow, and balance sheets. Financial covenants and other documentary issues are examined. Familiarity with f inancial accounting and statement analysis is recommended.

Intensive Workshop

FINANCE PREPARATION COURSES


WEB: SCPS.NYU.EDU E-MAIL: [email protected]

BEHAVIORAL ECONOMICS AND FINANCE THEORY The financial crisis and stilting recovery have increased the focus on behavioral econom-ics in finance and on the stock markets. Behavioral economics applies principles of psychology to economic theory, examining the factors that impact behavior in the mar-ketplace to help interpret and predict economic trends. Investors, industry profes-sionals, and lay people alike benefit from a nuanced understanding of the complicated patterns that govern economic choices.

Behavioral Economics and Finance TheoryFINA1-CE9154/$795N Sec. 1: Mon. 6.30–9 p.m., Sept. 26–Nov. 21 (8 sessions). Joseph Matthews, vice president– wealth management, Merrill Lynch.Delve into the thriving new field of behav-ioral economics and finance theory and ex-plore models that bring together human psychology and neoclassical economics. Topics include heuristics (the theory that people often make decisions based on gen-erally accepted rules rather than rational analyses), framing (the different ways an individual reacts depending upon how ideas are first presented), anomalies (how efficient market theory’s unexpected and unlikely events continue to occur—and why they do), and the role and implemen-tation technical analysis for a security’s buy-and-sell decision process.

BUSINESS FINANCE FUNDAMENTALS

CERTIFICATE IN BEHAVIORAL ECONOMICS AND FINANCE THEORYThis certificate program is designed for practitioners who manage financial as-sets and need to gain significant insights into the financial crisis through a firm understanding of investors’ behavior and the impact that behavior has on the fi-nancial markets. Understanding the psy-chology behind the complicated patterns within the financial markets creates op-portunity and reduces the inherent risk and speculation for sophisticated investors.Upon completion of this program, students have a firm understanding of:• The foundational theory of

behavioral finance.• Institutional limitations and human

biases affect pricing.• The performance of trading strategies.• The analytical tools to evaluate strate-

gic and investment decisions.• Theory and strategy of effective

decision making.• Financial market behavior.• Future market and investor needs.This certificate is awarded to students who successfully complete five required courses.

REQUIRED COURSES

It is recommended that the five required courses be taken in the order listed.

Behavioral Economics and Finance Theory/FINA1-CE9154 (this page)Behavioral Corporate Finance/FINA1-CE9153 (2012)Ethics in Finance/ FINA1-CE9152 (2012)Applied Technical Analysis/FINA1-CE9125 (page 9)Advanced Concepts in Technical Analysis/FINA1-CE9041 (2012)

Note: This certif icate is no longer being offered to new students. Current certif icate students have until fall 2012 to complete it according to the requirements in the NYU-SCPS Bulletin from the semester in which they began the program. For more information, call (212) 998-7200.

See page 16 for certificate requirements and benefits.

CERTIFICATE IN BUSINESS FINANCE FUNDAMENTALSThis certificate program teaches stu-dents how organizations—from small businesses to multinational corpora-tions—acquire, spend, and manage their finances. The program is designed for professionals and nonbusiness majors who seek to strengthen their knowledge of economics, accounting, math, statis-tics, principles of finance, and corporate finance.Upon completion of this certificate program, students:• Fortify their ability to make informed

economic, personal finance, and busi-ness decisions.

• Develop applied skills relating to the time value of money, risk analysis, and money supply.

• Gain proficiency in using a financial calculator.

• Understand the relationships between commercial banks, thrift institutions, savings banks, credit unions, pension funds, mutual funds, investment bank-ing firms, finance companies, and mortgage banking firms.

This certificate is awarded to students who complete three required and two elective courses.Students with no f inance experience are advised to take Finance for Nonfinance Professionals/FINA1-CE9642 either simultaneously or in advance of taking the f irst course in this program.

REQUIRED COURSES

It is recommended that the three required courses be taken in the order listed.

Macroeconomic Principles in Finance/FINA1-CE9604 (page 4)HP 10bII Calculator Workshop: A Comprehensive Approach/FINA1-CE9032 (page 1)Fundamentals of Corporate Finance/FINA1-CE9140 (page 5)

ELECTIVES (Choose two)

Fundamentals of Financial Risk Management/ FINA1-CE9208 (page 8)Introduction to International Business and Finance/FINA1-CE9400 (page 11)Introduction to the Markets/FINA1-CE9000 (page 14)Investment Banking Fundamentals/FINA1-CE9160 (page 13)Techniques of Financing Corporations/FINA1-CE9670 (page 5)


FINA1-CE9700/$4,950W Sec. 1: Fri. 6.30–9.30 p.m., Sat. Sun. 10 a.m.–5 p.m., Sept. 23–Nov. 6 (21 sessions). Alan Anderson, FRM®.This interdisciplinary course prepares professionals for the Financial Risk Manager FRM® Exam administered by the Global Association of Risk Professionals (GARP*) each November. The FRM credential is considered the gold standard in the industry. The complete package includes all pre-reviews, program training modules, and final exam review. Students receive regularly scheduled review sessions, exam-taking skills utilizing past exams, class notes, and instructor-led support via e-mail until the day of the exam. Prerequisites: Fundamentals of Finance Risk Management/FINA1-CE9208, The Options Market and Trading Strategies/FINA1-CE9120, Financial Futures and Options in Risk Management/FINA1- CE9235, and Interest Rate Swaps/FINA1- CE9240 or Pricing Interest Rate Swaps and Their Derivatives/FINA1-CE9250, or equivalent experience.

FRM® Level I Exam Review FINA1-CE9698/$2,825W Sec. 1: Fri. 6.30–9.30 p.m., Sat. Sun. 10 a.m.–5 p.m., Sept. 23–Oct. 16 (12 sessions).Level I topics of study focus on the items determined by the most recently pub-lished GARP™ AIMS for candidates preparing to sit for the Level I exam: Quantitative Review, Foundations of Risk Management and Financial Markets, Quantitative Analysis, and Risk Modeling.

FRM® Level II Exam Review/FINA1-CE9793/$2,125W Sec. 1: Fri. 6.30–9.30 p.m., Sat. Sun. 10 a.m.–5 p.m., Oct. 21–Nov. 6 (9 sessions).Level II topics of study focus on the items determined by the most recently pub-lished GARP™ AIMS for candidates preparing to sit for the Level II exam: Market Risk and Investment Risk, Credit Risk and Risk Management Issues, and Operational Risk.

Candidates planning on taking both the Level I and Level II exams should register for FINA1-CE9700. E-mail [email protected] or call (212) 992-3400 for more information.

* GARP does not endorse, promote, review, or warrant the accuracy of the products or services offered by NYU-SCPS of FRM related informa-tion, nor does it endorse any pass rates claimed by the provider. Further, GARP is not respon-sible for any fees or costs paid by the user to NYU-SCPS nor is GARP responsible for any fees or costs of any person or entity providing any services to NYU-SCPS. FRM®, GARP®, and Global GARP of Risk Professionals™ are trademarks owned by the Global Association of Risk Professionals, Inc.

FRM® EXAM REVIEW

CONTINUING PROFESSIONAL EDUCATION FOR ACCOUNTANTS (CPE)NYU-SCPS holds a continuing educa-tion sponsor agreement with the New York State Department of Edu cation, which authorizes the granting of con-tinuing education credit in the follow-ing subject areas: accounting, auditing, taxation, advisory services, and knowl-edge and applications related to special-ized industries. Courses offered outside the authorized subject areas are not recognized for credit under this agree-ment. For the acceptability of an individual course listed here, call (212) 998-7200 or the New York State Department of Education at (518) 474-3836.



CREDIT ANALYSIS While credit management takes many forms, all businesses—not only banks and financial institutionshave significant credit management issues. Anytime a product is purchased without cash, a business needs money to expand, or credit is extended to a new or existing customer, credit manage-ment is an essential part of the process. The Certificate in Credit Analysis and the five-day Intensive Credit Training Program (page 25) are for students seeking to im-prove their credit skills in a manner similar to bank credit training programs.

Writing a Credit AnalysisFINA1-CE9290/$995W Sec. 1: Thurs. 6.30–9.20 p.m., Sept. 22–Nov. 10 (8 sessions). Mitch J. Palminteri, senior vice president and credit director–private client lending, HSBC Domestic Private Bank.Learn to evaluate and explain how to re-pay an asset-based loan, revolving credit, a term loan, or a commercial mortgage loan. Focus initially on the cash conversion cycle in the analysis of asset-based loans, trade finance, factoring, accounts receivable secu-ritization, and captive finance companies. Then explore free cash flow in the analysis of revolving credits, term loans, and project finance. Finally, the course addresses net operating income in the analysis of com-mercial mortgage loans to finance owner-occupied and investment properties. Prerequisite: Financial Accounting: Part I/ACCT1-CE8101 or equivalent knowledge.

Conducting a Credit Analysis IIFINA1-CE9291/$995W Sec. 1: Thurs. 6.30–8.30 p.m., Sept. 22–Dec. 1 (10 sessions). Alkesh Nanavaty, Deutsche AG.Learn to look beyond financial statements to evaluate and explain the risk in a bor-rower’s accounting principles, financial projections, and business practices. Analyze aggressive and/or deceptive accounting principles, such as purchase accounting, unfunded pension liabilities, securitized receivables, deferred taxes, and channel stuffing. Examine financial projections, in-cluding aggressive assumptions, break-even analysis, and debt service coverage. Explore industry risk, including aggressive and/or deceptive practices used by manufacturers, retailers, drug companies, life insurance companies, utilities, and REITs. Prerequisite: Writing a Credit Analysis/FINA1-CE9290.

Managing a Commercial Loan PortfolioFINA1-CE9296/$795W Sec. 1: Thurs. 6.30–8.30 p.m., Sept. 22–Dec. 1 (10 sessions). William W. Smith, Esq.

Learn to underwrite and manage a portfo-lio of commercial mortgages and syndi-cated, middle-market, asset-based, and trade-finance loans. Explore the origina-tion of a loan, including the loan proposal, credit analysis, and loan agreement. Discuss the control of risk in a portfolio, including credit policy, risk rating, reserves, loan review, internal audit, and workout. Examine compliance with regulatory stan-dards governing safety and soundness (Basel II and FDICIA), community rein-vestment (CRA), and money laundering (Patriot Act). Credit analysis formats, loan agreement forms, and bank examination manuals are distributed in class.

Negotiating Loan AgreementsFINA1-CE9281/$795W Sec. 1: Tues. 6.30–9 p.m., Sept. 27– Nov. 22 (8 sessions). Herb Jacobs

Take an in-depth look at how to negotiate, close, and enforce the varieties of loan agreements, including credit, security, pledge, guarantee, hypothecation, subordi-nation, and participation. Topics include the “hell-or-high-water” clause, interfer-ence with contractual relations, anticipa-tory breach, deceleration, the fair and equitable doctrine, and the cram-down. Case studies examine actual loan transac-tions. This course is designed for bankers, corporate treasury personnel, and lawyers who negotiate agreements involving syndi-cated loans, trust indentures, middle mar-ket loans, state economic development authorities, or the Small Business Administration.

Structuring Asset-Based Loans and Trade FinanceFINA1-CE9282/$795W Sec. 1: Mon. 6.30–8.30 p.m., Sept. 26– Dec. 5 (10 sessions). William J. Ezzo, capital business credit.Learn how to finance working capital and trade through commercial and standby let-ters of credit, asset-based loans, purchase and securitization of receivables, purchase of whole loans, and support of captive fi-nance companies. Students examine how to use the field examination report as a tool to evaluate and explain the dilution of receivables, exert dominion over the collat-eral, and establish and monitor the bor-rowing base. Prerequisite: Writing a Credit Analysis/FINA1-CE9290 or formal accounting and f inancial statement analysis experience.

Structuring Term Loans, Syndicated Transactions, and Project FinanceFINA1-CE9283/$795W Sec. 1: Wed. 6.30–9 p.m., Sept. 21–Nov. 9 (8 sessions). Examine how to underwrite and syndicate revolving credit and term loans to finance working capital, equipment, acquisitions, and projects. Learn how to structure trans-actions through direct loans, backup facili-ties, bridge facilities, covenant packages, collateral support, take-or-pay contracts, and lease assignments. Students then learn how to syndicate down transactions and mitigate risk through the use of assign-ments, participations, collateralized loan obligations, and credit default swaps. Prerequisite: Writing a Credit Analysis/FINA1-CE9290 or formal accounting and f inancial statement analysis experience.

CERTIFICATE IN CREDIT ANALYSISThis certificate program is designed to provide a working knowledge of the essentials of credit analysis for today’s marketplace. Students learn credit and credit analysis in application-based courses that convey how to conduct and write a credit analysis re-port; manage a loan or loan portfolio; structure term- and asset-based loans; manage workouts and business bankruptcies; and understand trade financing transactions, project financing, and reorganization. The program is designed by a faculty of leading credit practitioners whose teaching is responsive to the changing economic environment.The program is designed for professionals who wish to acquire expertise in a consoli-dated time frame and can be completed in nine months.Who Should Enroll:M.B.A.s, recent college graduates, professionals who work in finance, banking execu-tives, bankers who currently work with or on credit topics, bankers who wish to tran-sition into the credit area, bankers from foreign banks or branches who wish to learn how U. S. banks do business, business owners, accountants, lawyers, and professionals from any field who want to understand or advance their knowledge of credit analysis.Upon completion of the course, students are able to:• Write a credit analysis report.• Manage a commercial loan or loan portfolio.• Manage workouts and business bankruptcies.• Negotiate loan agreements.• Structure asset-based loans and trade finance transactions.• Structure term loans, syndicated transactions, and project finance transactions.This certificate is awarded to students who complete two required and three elective courses. Required courses must be taken sequentially. Students who prefer to take more than one course a semester can take a required course along with an elective course. All prerequisites in this program are required.Prerequisites: Students with minimal writing experience are advised to take Writing Skills for Accounting and Finance Professionals/ACCT1-CE8112. Students with minimal experience or formal training are advised to take Financial Accounting: Part I ACCT1-CE8101 and Financial Statement Analysis/ACCT1-CE8105.


REQUIRED COURSES

Required courses must be taken in the order listed.

Writing a Credit Analysis/FINA1-CE9290 (this page)Conducting a Credit Analysis II/FINA1-CE9291 (this page)

ELECTIVES (Choose three)

Bankruptcy, Workouts, and Reorganizations/ FINA1-CE9335 (page 13)

Hedge Fund Strategies/FINA1-CE9209 (page 10)Managing a Commercial Loan Portfolio/FINA1-CE9296 (this page)Negotiating Loan Agreements/FINA1-CE9281 (this page)Structuring Asset-Based Loans and Trade Finance/FINA1-CE9282 (this page)Structuring Term Loans, Syndicated Transactions, and Project Finance/FINA1-CE9283 (this page)

WebFor the most up-to-date course information and to register online, visit:

scps.nyu.eduN Meets at Norman Thomas Center, 111 E. 33rd St.

W Meets at the Woolworth Building, 15 Barclay St.



ECONOMICS

Macroeconomic Principles in FinanceFINA1-CE9604/$795W Sec. 1: Tues. 6.30–8.30 p.m., Sept. 27–Dec. 6 (10 sessions). Carrie M. Kennedy, economist, Commodity Futures Trading Commission.N Sec. 2: Mon. 6.30–8.30 p.m., Sept. 26– Nov. 21 (8 sessions). Acquire a foundation in current economic thought and build competency in eco-nomic principles. Topics include inflation, unemployment, and economic growth; fis-cal and monetary policy; aggregate supply and demand; the Federal Reserve System; Keynesian economics; monetarism; mea-suring the macroeconomy; the GNP; and the interrelationship between key macro variables. 2.0 CEU (24 50-minute hours)

Microeconomic Principles in FinanceFINA1-CE9601/$795N Sec. 1: Wed. 6.30–9.20 p.m., Sept. 21– Nov. 9 (7 sessions). No class Sept. 28. Laurence F. O’Connell, economics instructor, United Nations.Delve into the various components of the economic system in this introduction to microeconomics. Students examine indi-vidual markets, the determination of rela-tive price values, supply and demand for all goods and services, and factors of produc-tion with an emphasis on the practical use of microeconomic principles. Prerequisite: Macroeconomic Principles in Finance/FINA1-CE9604.

ETHICS AND CORPORATE GOVERNANCE These courses are designed to provide a sound understanding of corporate gover-nance. Gain a comprehensive knowledge of the legal and ethical responsibilities of corporate directors and officers, execu-tives, managers, and employees at every corporate level.

New World Ethics: Regulation and ComplianceFINA1-CE8901/$375W Sec. 1: Mon. 6.30–8.30 p.m., Sept. 26– Nov. 21 (8 sessions). Beth A. Haddock, senior vice president, Brown Brothers Harriman & Co.Through business case studies and group discussion, examine the fundamentals for mitigating risk and leading an ethical and compliant business. Study the legal founda-tion for compliance programs, how to in-fluence others to adhere to corporate ethics and to a compliance program, and funda-mental priorities for the financial services industry post financial-regulatory-reform efforts. 1.5 CEU (18 50-minute hours)

Global Capital Markets and RegulationFINA1-CE8917/$475M Sec. 1: Sat. 9 a.m.–5 p.m., Nov. 5–12 (2 sessions). Acquire an overview of trends in global fi-nance and regulation. Specific focus is on American and Global Depository Receipt, Regulation S, and Rule 144A offering IPOs. International regulatory require-ments; initiatives; issues such as IPO and merger and acquisition activity in BRIC and other emerging economies; global fi-nancial imbalances; the “Rise of the East;” and the emergence of sovereign wealth funds, including adoption of International Monetary Santiago Principles, are discussed. Topics also include mutual recognition; re-cent proposed changes to the global finan-cial architecture; a revised Bretton Woods Agreement; and proposed changes to the International Monetary Fund, the Global Systemic Regulator, and the College of Regulators. 1.5 CEU (17 50-minute hours)

Mutual Fund Regulation and GovernanceFINA1-CE8909/$475M Sec. 1: Sat. 9 a.m.–5 p.m., Sept. 24–Oct. 1 (2 sessions). Examine mutual fund industry and regula-tory developments, with emphasis on the results of recent scrutiny of industry struc-ture and practices from legislators, regula-tors, and investors. Topics include SEC oversight and activism, fiduciary responsi-bilities of fund managers and advisors, the role of compliance officers and the param-eters of their independence, board structure and composition, directors, oversight respon-sibilities, and related disclosure requirements. Prerequisite: Corporate Governance Workshop: The Fundamentals/FINA1-CE8906. 1.5 CEU (17 50-minute hours)

Sustainability and Corporate Social ResponsibilityFINA1-CE8916/$395M Sec. 1: Sat. 9.30 a.m.–3.30 p.m., Sept. 24–Oct. 1 (2 sessions). Paul King

Gain extensive insights into the emerging concepts of sustainability and corporate social responsibility (CSR) within business organizations. Business drivers and oppor-tunities for value creation are examined for a variety of sectors and organizational sizes. Attention is given to selection of program elements actionable by customers, investors, and employees. Additional topics include rating agencies focusing on CSR and sustainability measures, applicable investment filters and results, formulaic planning tools, and case studies. 1.0 CEU (12 50-minute hours)

Organizational Ethics and Compliance: An IntroductionFINA1-CE9798/$795V Sec. 1: Dates and hours to be arranged (6 sessions).Examine the history of corporate ethics and compliance and track development in the field since its inception. Students gain an understanding of the legal basis of eth-ics within both U.S. and international or-ganizations and regulatory bodies, varying theories of ethics, and the practical issues critical to the implementation of a compli-ance and ethics program.

CERTIFICATE IN ETHICS AND CORPORATE GOVERNANCEIn a business climate sensitized by recent corporate scandal, this pertinent program is designed to give students in-depth knowledge of business ethics and corporate gover-nance. Topics of study include legal and ethical responsibilities of corporate directors and officers, executives, managers, and employees at all levels, as well as legislative re-sponses, such as the Sarbanes-Oxley Act of 2002.Upon completion of the program, students are able to: • Understand key legal and regulatory obligations imposed on corporations, including

insider-trading issues and disclosure and certification requirements. • Analyze legal and accounting issues involved in structuring compensation plans. • Interpret company financial statements from a corporate governance perspective. • Review issues involved in addressing litigation risks in corporate governance and

regulatory contexts. This certificate is awarded to students who successfully complete three required and three elective courses.


REQUIRED COURSES (Choose three)

New World Ethics: Regulation and Compliance/FINA1-CE8901 (this page)Legal and Regulatory Aspects of Corporate Governance/FINA1-CE8902 (2012)ANDFundamentals of Corporate Governance/FINA1-CE8903 (page 5)ORCorporate Governance Workshop: The Fundamentals/FINA1-CE8906 (2012)

ELECTIVES (Choose three)

Compensation Issues in Corporate Governance/FINA1-CE8904 (2012)Dealing With Government Investigations/FINA1-CE8912 (2012)

Finance Issues in Corporate Governance/FINA1-CE8905 (2012)The Foreign Corrupt Practices Act: Emerging Issues and Rational Responses/FINA1-CE8913 (2012)Global Capital Markets and Regulation/FINA1-CE8917 (this page)Hedge Funds, Private Equity, and Sovereign Wealth Funds/FINA1-CE8910 (2012)International Corporate Governance/FINA1-CE8907 (2012)Mutual Fund Regulation and Governance/FINA1-CE8909 (this page)The Shareholder Revolution/FINA1-CE8915 (2012)Sustainability and Corporate Social Responsibility/ FINA1-CE8916 (this page)Hedge Fund Operation Risk and Due Diligence/FINA1-CE9237 (page 10)How to

Register

at the back of the Bulletin.

By telephone:(212) 998-7150

By fax:(212) 995-3060

For detailed information, see the Registration section at the end of this Bulletin.

Web:scps.nyu.edu

By mail:Use the form and envelope

7 East 12th Street, 1st Floor

In person:



Fundamentals of Corporate GovernanceFINA1-CE8903/$325V Sec. 1: Wed. hours to be arranged, Nov. 9–Dec. 14 (6 sessions). Brendan Sheehan, editorial director, NACD Directorship.In this course, experts in the field of corpo-rate governance offer practical advice using challenging, real-life case studies. Develop a clear understanding of the roles manage-ment, shareholders, and the board of direc-tors play in developing a sound corporate governance culture with a structure that supports the mission, strategic objectives, and business goals of their companies. 1.5 CEU (18 50-minute hours)

FINANCIAL ANALYSIS The credit crisis, the economic downturn, and stock market fluctuations reinforce the need for financial analysis to help companies max-imize assets and find value for consumers and investors. Our courses provide the in-depth training to assess the viability, stability, profitability, and liquidity of private business, public companies, and projects.

Fundamentals of Corporate FinanceFINA1-CE9140/$835N Sec. 1: Mon. 6.30–8.30 p.m., Oct. 31– Dec. 19 (8 sessions). James Berman, registered investment advisor, president, JBGlobal LLC.N Sec. 2: Tues. 6.30–9 p.m., Sept. 27–Nov. 15 (8 sessions). Tawan Davis

W Sec. 3: Wed. 6.30–9 p.m., Sept. 21–Nov. 9 (8 sessions). Robert K. Nagle, CFA, associate director, Moody’s Analytics.

W Sec. 4: Thurs. 6.30–9 p.m., Sept. 22– Nov. 10 (8 sessions). James Berman

M Sec. 5: Sat. 10 a.m.–2 p.m., Sept. 24– Oct. 22 (5 sessions). Gary P. Jacobi, vice president, Wexford Capital.V Sec. 6: Wed. hours to be arranged, Nov. 2–Dec. 21 (8 sessions). Tawan Davis

Learn to analyze methods of financing using internal and external funds. This in-troduction to corporate finance emphasizes the use of long-term debt, preferred stock, common stock, and convertibles in the fi-nancial structure of a corporation. Topics include financial management, corporate growth, business failures, return on invest-ment, risk leverage, the time value of money, dividend policy, debt policy, and leasing. 2.0 CEU (24 50-minute hours)

Techniques of Financing CorporationsFINA1-CE9670/$825N Sec. 1: Mon. 6.30–9.15 p.m., Sept. 26– Nov. 28 (9 sessions). John Wamboldt, senior vice president–middle market lending, Capital One Bank.Understand the fundamental principles of corporate finance, concentrating on cash flow and the financing of each asset line of the balance sheet. Various forms of financ-ing are discussed, including conventional term loan arrangements, asset-based lend-ing, revolving credit lines, factoring, letters of credit, and long-term debt options. Finally, focus on what effect the various fi-nancing options may have on the potential success of a business and the market price of a corporation’s stock during this period. The bank/corporation relationship is also discussed. 2.0 CEU (24 50-minute hours)

Intermediate Corporate FinanceFINA1-CE9145/$825W Sec. 1: Wed. 6.30–9 p.m., Nov. 2– Dec. 21 (8 sessions). No class Nov. 23. Leonard Blum

Building on the concepts covered in Fundamentals of Corporate Finance, this course gives students a better understand-ing of the importance of value maximiza-tion in the finance world. Acquire the ability to assess decisions for their contribution to value maximization, setting the valuation of the firm as the overall goal. Topics in-clude capital structure and the financing decision, the risks and costs of equity and debt, portfolio risk, hurdle rate determina-tion, measuring returns in projects and the investment decision, valuation of the firm, hybrid financing, and mergers and acquisi-tions. Prerequisite: Fundamentals of Corporate Finance/FINA1-CE9140 or equivalent knowledge. 3.0 CEU (30 50-minute hours)

Advanced Corporate FinanceFINA1-CE9149/$825N Sec. 1: Mon. 6.30–9 p.m., Oct. 31–Dec. 19 (8 sessions). Serge Wind, professor, DeVry University.Gain an advanced understanding of corporate finance and financial manage-ment functions in this continuation of Fundamentals of Corporate Finance and Intermediate Corporate Finance. Topics include financial planning and forecasting financial statements, working capital management, lease financing, financial options, real options, bankruptcy and liqui-dation, risk management and derivatives, and an introduction to multinational fi-nancial management. Fundamentals of Corporate Finance/FINA1-CE9140 or equivalent knowledge.

Valuing a Business: U.S. and OverseasFINA1-CE9677/$750N Sec. 1: Tues. 6.30–8.30 p.m., Sept. 27– Nov. 29 (10 sessions). Mark Lee, CFA, princi-pal, Eisner LLP; and Edward Impastato, CFA.Examine the fundamental methods em-ployed in valuing a business. Major em-phasis is placed on the discounted cash flow (DCF) method. Other methods ex-plored include comparative market value, book value, the earnings approach, replace-ment value, liquidation value, and the fac-tor approach. Students analyze and evaluate a company of their choice by using the DCF approach and applying other appro-priate valuation methods. Prerequisites: Fundamentals of Corporate Finance/FINA1- CE9140 and Financial Accounting: Part I/ACCT1-CE8101 or equivalent knowledge. 2.0 CEU (24 50-minute hours)

Financial Modeling in Corporate Financial Analysis Using ExcelFINA1-CE9675/$895S Sec. 1: Sat. 9 a.m.–2 p.m., Sept. 24–Oct. 15 (4 sessions). Thomas Cha, CFA, vice presi-dent–telecom, media, and technology, Schroder Investment Management, N.A.In this lab-based course, gain expertise in the quantitative methods used by securities analysts to evaluate and value publicly traded securities. After a brief review of present value, accounting, and statistics, learn how to make investment decisions based upon present value and other quantitative tech-niques. Use Excel formats and layouts to create discounted cash flow and relative valuation models. Receive instruction against the backdrop of current market trends; financial news; and other factors that affect stock valuation, specifically, how the quantitative models interact with changes in security or market attributes. Students must have a general knowledge of f inance and accounting, plus previous expo-sure to Excel. 2.0 CEU (24 50-minute hours)

DERIVATIVE INSTRUMENTS

Learn about the latest technical methods and expertise employed by analysts to evaluate securities and their derivative instruments.

Demystifying DerivativesFINA1-CE9227/$550N Sec. 1: Tues. 6.30–9 p.m., Oct. 4–Nov. 8 (6 sessions). John O’Connell

This nontechnical course examines the key concepts and principles of futures, for-wards, swaps, and options. The course in-cludes pricing theory, practical examples and exercises for both fixed income and equity instruments. Participants gain the fundamental understanding that there are only two types of derivatives, and one is “derived” from the other.

Principles of Financial ModelingFINA1-CE9685/$790N Sec. 1: Tues. 6.30–8.45 p.m., Sept. 27– Nov. 22 (9 sessions). Andrew T. Long, venture capital consultant.Financial models are an integral part of nearly all major business decisions. The advent of spreadsheet tools, such as Excel, has greatly enhanced the modeler’s power. Paradoxically, such tools have often re-duced the accuracy of the models pro-duced. Increase your ability to analyze business problems and translate that analy-sis into financial models that are more flexible, more reliable, and ultimately, more useful. Students must have knowledge of basic accounting and f inance. 2.0 CEU (24 50- minute hours)

CERTIFICATE IN ETHICS AND GOVERNANCE FOR NONPROFITS AND PUBLIC COMPANIESIn the wake of newsworthy disclosures of fraud and ethics violations, the number of which has grown dramatically in the past decade, nonprofits and publicly traded companies are being held to higher pub-lic standards than ever before. In response to the demand for better behavior, how-ever, far too many organizations still find themselves adrift searching for policies and a language that will inform their ac-tivities at both the board- and senior staff-levels. This wholly online certificate helps the leaders of for-profit and non-profit organizations better recognize and address ethical dilemmas.This certificate is awarded to students who successfully complete six required courses.

REQUIRED COURSES

Courses should be taken in the order listed.

Organizational Ethics and Compliance: An Introduction/FINA1-CE9798 (page 4)Fundamentals of Ethics/PHIL1-CE9052Fundamentals of Corporate Governance/FINA1-CE8903 (2012)Case Studies in Ethics/PHIL1-CE9042 (2012)Corporate Governance Case Studies and Implementation/FINA1-CE9926 (2012)Independent Study/ PHIL1-CE9043 (2012–2013)


NEW

M Meets at NYU Midtown Center, 11 W. 42nd St.

N Meets at Norman Thomas Center, 111 E. 33rd St.

S Meets in the Washington Square, Cooper Square,

Union Square vicinity.


VOnline course.



BANKING AND FINANCE

Learn the strategies and principles used to measure and manage financial risk and understand how markets operate in fu-tures, options, swaps, and other derivative instruments used to protect assets.

Financial Analysis in Visual BasicFINA1-CE9674/$895M Sec. 1: Thurs. 6.30–8.30 p.m., Sept. 22–Dec. 1 (10 sessions). Alan Anderson, FRM®Address basic financial problems encoun-tered in the workplace, ranging from options pricing to calculating the yield distribution of an investment opportunity. Designed for students with some financial knowledge who wish to move beyond the constraints of Excel, this course provides a deeper un-derstanding of financial processes using the more versatile analysis language of the stan-dard Excel application Visual Basic. Discuss problems and potential Visual Basic-based solutions. Explore the techniques underly-ing solutions, and learn to write Visual Basic routines from scratch. Visual Basic experience is not required. Students must have knowledge of basic f inancial and statistical principles. 2.0 CEU (24 50-minute hours)

MicrofinanceFINA1-CE9603/$495N Sec. 1: Thurs. 6.30–8.30 p.m., Sept. 22–Dec. 8 (10 sessions). No class Sept. 29.Delve into microfinance as a way to reach low-income communities. Analyze the provision of financial services, such as loans and savings, to clients excluded from the traditional financial system. Emphasis is on methodologies, loan products, client bases, and current trends in Latin America, Eastern Europe, Central and South Asia, North Africa and the Middle East, and sub-Saharan Africa. The course also ex-plores the emerging microfinance sector in the United States. Examine the factors that create risk and provide return in fixed-income markets. Review the basics of money markets and the role of the Fed in determining short-term interest rates. Learn the essentials of bond pricing, price sensitivity (duration and convexity), zero (spot) curves, forward curves, and yield-curve strategies. Students must have a basic understanding of f inancial markets and basic proficiency in mathematics. 2.0 CEU (24 50-minute hours)

FINANCIAL PLANNING The demand for sound financial advice from knowledgeable professionals has never been greater, and the public has a new awareness of Certified Financial Planner (CFP®) credentials. NYU-SCPS certificate programs in financial planning are regis-tered with the Certified Financial Planner Board of Standards, Inc. Successful com-pletion of the NYU-SCPS curriculum satis-fies the educational requirements for eligibility to sit for the CFP Certification Examination. NYU does not certify an individ-ual to use the CFP, CERTIFIED FINANCIAL PLANNER™, and CFP (with flame logo)® marks. CFP certification is granted only by the CFP Board to those persons who, in addition to completing an educational re-quirement such as NYU’s CFP Board-Registered Programs, have met its ethics, experience, and examination requirements.

FP 1: Fundamentals of Financial PlanningFINA1-CE9940/$790N Sec. 1: Wed. 6–9 p.m., Sept. 21–Dec. 14 (11 sessions). No class Sept. 28 and Nov. 23. Stephen P. Wetzel, CFP®, president, Prometheus Capital Management.W Sec. 2: Mon. 6–9 p.m., Sept. 26–Dec. 12 (11 sessions). David J. Novick, CFP®, ChFC, consultant, Prometheus Capital Management.Learn the fundamentals of financial® plan-ning in this prerequisite for the other courses in the financial planning program. Topics include financial planning functions, time value of money, economic and legal envi-ronments, financial analysis, and ethical and professional considerations. Students get practical experience utilizing data-gathering forms, constructing personal fi-nancial statements, budgeting, and dealing with regulatory requirements. Two classes are devoted to the use of the financial cal-culator. Students may take f inancial calcula-tor workshops prior to or concurrent with this course. 4.0 CEU (40 50-minute hours)

CERTIFICATES IN FINANCIAL ANALYSISThe Certificates in Financial Analysis offer in-depth training in analytical methods used by financial analysts and managers in a variety of settings, including finance de-partments within corporations, investment firms, other financial services institutions, and consulting and professional services firms. Three certificates are offered to meet the needs of students who are new to the field, as well as professionals who wish to advance their expertise in a particular area of specialization.The Certificate in Financial Analysis is a foundation-focused program emphasizing core skills and competencies, which can be completed in nine months. Two advanced certificates offer specializations that build on the core curriculum of the Certificate in Financial Analysis.Upon completion of these certificate programs, students gain expertise in:• Profitability analysis, including calculation of price-earnings ratios.• Liquidity ratios, asset/productivity analysis, and capital structure/debt ratios.• Discounted cash flow (DCF) and other valuation techniques.• Using Excel spreadsheet modeling to forecast sales, earnings, and free cash flow.• Using Visual Basic programming to solve finance problems, including portfolio modeling.• Pricing options using the Black-Scholes formula.• Pricing fixed-income derivatives.Students must decide whether they wish to pursue the fundamental certificate or one of the advanced certificates since they may not receive both. An advanced certificate is earned by taking three courses in the area of specialization in addition to the five courses required for the fundamental certificate.Students with minimal experience or formal training are advised to take Finance for Nonfinance Professionals/FINA1-CE9642 and/or Finance Math/Statistics: A Skill Enhancement and Review Course/FINA1-CE9151 either simultaneously or in advance of taking the f irst course in this program.


CERTIFICATE IN FINANCIAL ANALYSIS


Fundamentals of Corporate Finance/FINA1-CE9140 (page 5)Financial Statement Analysis/ACCT1-CE8105 Techniques of Financing Corporations/FINA1-CE9670 (page 5)Intermediate Corporate Finance/FINA1-CE9145 (page 5)ORAdvanced Corporate Finance/FINA1-CE9149 (page 5)ANDValuing a Business: U.S. and Overseas/FINA1-CE9677 (page 5)ORFinancial Modeling in Corporate Financial Analysis Using Excel/FINA1-CE9675 (page 5)

ADVANCED CERTIFICATE IN FINANCIAL ANALYSIS, DERIVATIVE INSTRUMENTS (Choose three)

Derivatives Documentation/FINA1-CE9215 (page 9)Financial Futures and Options in Risk Management/FINA1-CE9235 (2012)Fixed Income Portfolio Management/FINA1-CE9015 (page 15)Fixed-Income Securities/FINA1-CE9104 (page 15)

Fundamentals of Financial Risk Management/ FINA1-CE9208 (page 8)Pricing Options/ FINA1-CE9246 (2012)Principles of Financial Modeling/FINA1-CE9685 (page 5)Demystifying Derivatives/FINA1-CE9227 (page 5)

ADVANCED CERTIFICATE IN FINANCIAL ANALYSIS, BANKING AND FINANCE (Choose three)

Advanced Financial Statement Analysis/ACCT1-CE8106Business Models for Social Entrepreneurship/FINA1-CE9251 (2012)The Business of Microfinance: An Advanced Course/ FINA1-CE9014 (2012)Financial Analysis in Visual Basic/FINA1-CE9674 (this page)Fixed Income Portfolio Management/FINA1-CE9015 (page 15)Fundamentals of Portfolio Management/FINA1-CE9001 (page 14)Impacts of the Financial Crisis on Today’s Business Market/FINA1-CE9644 (2012)International Financial Reporting Standards (IFRS) for the Global Investor/FINA1-CE9638 (page 11)Mergers and Acquisitions: U.S. and Overseas/FINA1-CE9180 (page 13)Microfinance/FINA1-CE9603 (this page)

REQUIRED MATERIALSRequired course booklets and online exams for FP2, FP3, FP4, FP5, and FP6 are purchased online at www.dalton-education.com. Click “Student Storefront,” enter NYU for “School” and nyucfp1 for “Password.” Textbooks may be purchased elsewhere.Fees for required study guides and the online f inal exam are not included in tuition.



FP 2: Financial Planning Process and InsuranceFINA1-CE9951/$790N Sec. 1: Tues. 6–8.45 p.m., Sept. 27–Dec. 13 (12 sessions). Roy A. Haberman, CFP®, corpo-rate vice president, New York Life Insurance Co.Review basic financial planning principles and become familiar with the concepts of risk management. Topics include identify-ing risk exposures, legal aspects of insurance, insurance policy analysis, and employee benefits. Gain practical knowledge of the types of life insurance policies along with life insurance needs analysis, property and casualty insurance, medical and disability insurance, and Social Security benefits. Two classes are devoted to the use of the finan-cial calculator. 4.0 CEU (40 50-minute hours)

FP 3: Investment PlanningFINA1-CE9959/$790N Sec. 1: Wed. 6–9 p.m., Sept. 21–Dec. 14 (11 sessions). No class Sept. 28 and Nov. 23. Craig Dunton, CFP®, financial advisor, global financial services firm.Learn how to assess a client’s risk-tolerance level, tax situation, liquidity, and market-ability requirements to determine appro-priate investment vehicles. Topics include regulation of markets, investment vehicles, investment theory, financial markets, and modern portfolio theory. Two classes are devoted to the use of the financial calculator. 4.0 CEU (40 50-minute hours)

Financial Calculator Proficiency ExamFINA1-CE9952/$50Tests are administered throughout the semes-ter by appointment only. Call (212) 992-3400 to schedule your exam.This exam is designed to test students on the use of the financial calculator. All stu-dents in the Certificate in Financial Planning program must pass a calculator proficiency examination with a minimum grade of 70 percent. The purpose of this exam is to ensure that students are able to apply the theory they have learned in their courses to solving practical financial problems in a timely manner. The exam includes prob-lems related to time value of money, cash flow, standard deviation, growth rates and geometric averages, mortgage calculations, college funding, security valuation, basic statistic applications, and various other investment problems. Take the exam after completing FP1, FP2, and FP3.

FP 4: Income Tax PlanningFINA1-CE9960/$790N Sec. 1: Thurs. 6.20–9 p.m., Sept. 22– Dec. 15 (11 sessions). No class Sept. 29. Become familiar with the tax law research process, terminology, the computation of tax, and other concepts of income tax accounting. Learn tax management tech-niques, tax implications of employee benefits and investments, and tax implica-tions of financial planning strategies. Business structure, sale of personal resi-dence, and passive activity loss rules are also covered. 4.0 CEU (40 50-minute hours)

FP 5: Retirement Planning and Employee BenefitsFINA1-CE9944/$790N Sec. 1: Mon. 6–9 p.m., Sept. 26–Dec. 12 (11 sessions).Gain familiarity with personal and em-ployee-sponsored retirement plans. Topics include Social Security and Medicare ben-efits, IRAs, tax-sheltered annuities, quali-fied retirement plans, distribution options, and taxation and income tax deduction/benefit limitations. Learn the characteris-tics of qualified plans for employees, retire-ment needs analysis, and how to determine suitable investments and other employee benefits. 4.0 CEU (40 50-minute hours)

FP 6: Estate PlanningFINA1-CE9946/$790N Sec. 1: Thurs. 6–9.20 p.m., Sept. 22– Dec. 8 (10 sessions). No class Sept. 29. Russell Fishkind, Esq., partner, Saul Ewing LLP.Become familiar with estate planning. Learn how the federal estate tax system works and what to consider when doing estate planning. Topics include federal es-tate and gift taxation, various estate plan-ning techniques, trusts use, life insurance as an estate planning tool, gifts, charitable transfers, intrafamily business and property transfers, and planning for incapacity. 4.0 CEU (40 50-minute hours)

CERTIFICATE IN FINANCIAL PLANNINGThis certificate program is designed to fulfill the educational requirements necessary to sit for the Certified Financial Planner Certification Examination. The program covers all 89 financial planning topics required by the Certified Financial Planner (CFP) Board of Standards, Inc., and additional relevant topics. The certificate is available in three pro-gram formats to accommodate students’ specific needs and scheduling: the Certificate in Financial Planning, the Web-Delivered Certificate in Financial Planning (Live Online, Instructor-Led), and the Web-Delivered Certificate in Financial Planning (Self-Paced).Who Should Enroll:The Certificate in Financial Planning is for professionals and college graduates who want a career in financial planning; those who work with financial planners, ac-countants, attorneys, real estate agents, stockbrokers, or insurance agents; and individ-uals interested in learning about long-term life cycle financing. The programs are designed for students who want to complete their educational requirements for the CFP® examination.Upon completion of the program students have:• Satisfied the educational requirements of the Certified Financial Planner

Board of Standards, Inc.• Substantive knowledge and technical skills for professional competence

as a financial planner.• Knowledge of all 89 topics mandated by the Certified Financial Planner

Board of Standards, Inc.• Proficiency in the use of a financial calculator.For more information, visit scps.nyu.edu/cfp, e-mail [email protected], or call (212) 992-3400.Note: CFP Board owns the marks CFP, CERTIFIED FINANCIAL PLANNER™ and CFP (with flame logo)®, which it awards to individuals who successfully complete initial and ongoing certif ication requirements.


OPTION 1: Traditional Financial Planning Program

This program provides traditional class-room learning and flexibility, presented in six modules covering the fundamentals of financial planning, including the financial planning process and insurance, invest-ment planning, income tax planning, re-tirement planning and employee benefits, and estate planning. Candidates have up to four years to complete this program. A calculator proficiency exam is required. Tuition fees do not include the cost of re-quired study guides and online exam fees in courses FP 2 through FP 6, which must be purchased by each individual student in order to qualify for access to the online f inal exam. NYU-SCPS arranges for registered students to purchase the materials from the copyright owner. This option does not include the CFP® Certification Exam Review/FINA2-CS1000.

REQUIRED COURSES

FP 1: Fundamentals of Financial Planning/FINA1-CE9940 (page 6)FP 2: Financial Planning Process and Insurance/FINA1-CE9951 (this page)FP 3: Investment Planning/ FINA1-CE9959 (this page)Financial Calculator Proficiency Exam/FINA1-CE9952 (this page)FP 4: Income Tax Planning/ FINA1-CE9960 (this page)FP 5: Retirement Planning and Employee Benefits/FINA1-CE9944 (this page)FP 6: Estate Planning/ FINA1-CE9946 (this page)

OPTION 2: Web-Delivered Certificate in Financial Planning (Live Online, Instructor-Led)FINA1-CE9900/$4,950V Sec. 1: Mon. Wed. 5.30–7.30 p.m., Sept. 26–May 23 (60 sessions).This nine-month, fully interactive, online program allows professionals from across the country to participate via their com-puter. Using a headset and voiceover- IP technology, students engage in a vir-tual classroom and interact with instruc-tors and fellow students. The program is offered in partnership with Dalton Education, innovators in online financial services education. For a demonstration, visit scps.nyu.edu/cfp. Tuition fees do not include the cost of required course materials, textbooks, and online exam fees. This option does not include the CFP® Certification Exam Review/FINA2-CS1000.

OPTION 3: Web-Delivered Certificate in Financial Planning (Self-Paced)FINA1-CE9970V Sec. 1: Dates and hours to be arranged, Sept 21–Dec. 23 (30 sessions).Designed for students who are motivated to participate in self-directed online study, this program can be completed at an indi-vidual pace and customized to fit each student’s interests and needs. This pro-gram is ideal for students with some professional experience. The program is offered in partnership with Dalton Education. For details or to register, visit scps.nyu.edu/cfp or call (877) 426-2373.

FacultyLearn from instructors who are leaders in their fields. For NYU-SCPS faculty bios, visit scps.nyu.edu/faculty.




VOnline course.



PERSONAL FINANCE Learn to be an educated investor, prepare a personal cash flow statement, and de-velop your own financial plan. These courses are designed for people who are not finance professionals but who want a better understanding of investing, manag-ing short- and long-term finances, and per-sonal finance planning.

Fundamentals of Individual InvestingFINA1-CE9855/$395M Sec. 1: Wed. 12–3 p.m., Sept. 21–Nov. 2 (7 sessions). Stephen P. Wetzel, CFP®, presi-dent, Prometheus Capital Management.Designed for the novice investor, this course introduces concepts important to managing a portfolio and provides students with the ability to make confident deci-sions about their personal finances. Topics include understanding a brokerage ac-count, the Dow Jones Industrial Average, the characteristics of stocks and bonds, the basic valuation of stocks, taxes for the in-vestor, and the psychology of investing. 2.0 CEU (24 50-minute hours)

Personal Finance Basics: Getting StartedFINA1-CE9417/$395M Sec. 1: Mon. 12–2.30 p.m., Sept. 26–Dec. 5 (10 sessions). Comprehend the many instruments used in a financial plan and make sense of un-derlying assets and the potential uses of benefits. Topics include time value of money, career planning, money manage-ment, savings accounts, CDs, money mar-kets, T-bills, stocks, bonds, mutual funds, emergency funds, and credit. Learn the types of financial institutions and products available, the financial considerations of changing careers, and develop strategies for making better decisions when buying a house or a car, or when making other large purchases. Study home and life insurance policies and factor important considerations into health and long-term care insurance purchases. 1.5 CEU (19 50-minute hours)

Personal Finance: Developing Your Financial PlanFINA1-CE9850/$395W Sec. 1: Thurs. 6.30–9 p.m., Sept. 22– Dec. 1 (10 sessions). David L. Hoyer, CFP®, registered investment advisor, Hoyer Financial Services.Cover essentials of personal finance that should have been studied in high school or college but probably were not. Learn to align sound financial goals with values and lifelong plans. Learn to improve cash flow and how to save and invest while reducing risk. Gain a better understanding of the importance of credit history and ways to improve it while reducing the possibility of identity theft. Map out a retirement plan and learn essential estate planning and tax considerations. 1.5 CEU (19 50-minute hours)

Strategic AlliancesFINA1-CE9187/$750W Sec. 1: Tues. 6.30–8.30 p.m., Sept. 27–Dec. 6 (10 sessions). Patrick McGuinness

Strategic alliances such as joint ventures, virtual and Internet alliances, group alli-ances, and other relationships are critical initiatives for large and small businesses. Students acquire the information and skills necessary to enhance their careers by intel-ligently handling strategic alliance issues. Topics include types of alliances, developing the process for managing the relationship, alliance versus acquisition, communicating the alliance, and identifying beneficial partners. Guest speakers share their exper-tise in international alliances and joint ventures. 2.0 CEU (24 50-minute hours)

Wealth Management: How to Be Prepared, Survive, and ThriveFINA1-CE9006/$395N Sec. 1: Mon. 6.30–8.30 p.m., Sept. 26– Nov. 7 (5 sessions). No class Oct. 31. Jose R. da Cruz, CFA

Wealth management is not just for indi-viduals with a high—or ultra-high—net worth. Given the disappearance of tradi-tional guaranteed pension plans, lack of job security, and increased volatility in the capital markets, individuals have to take charge of managing their own finances in order to reach their goals. Develop a framework that can be implemented im-mediately to establish personal financial goals, devise appropriate investment strate-gies, and monitor performance.

FINANCIAL RISK MANAGEMENT AND DERIVATIVE INSTRUMENTS The ongoing turmoil in the markets contin-ues to amplify the need for improved risk management, and corporations are invest-ing in developing improvements in their identification, measurement, and manage-ment procedures. The need for financial risk managers also grows with new compli-ance and regulation standards. These courses teach the strategies and principles of financial risk management, techniques to qualify and measure risk, technical and fundamental analysis, structure of deriva-tives markets, and pricing and valuation methods for derivatives instruments. The Certificate in Financial Risk Management is regularly updated to respond to today’s changing economic landscape.

Fundamentals of Financial Risk ManagementFINA1-CE9208/$805N Sec. 1: Wed. 6–10 p.m., Sept. 21–Nov. 2 (6 sessions). No class Sept. 28. Alan Anderson, FRM®V Sec. 2: Thurs. hours to be arranged, Oct. 20–Dec. 15 (8 sessions). Jean Ergas

Get an overview of financial risk manage-ment and its importance in today’s global marketplace. Examine why understanding, measuring, and managing risk are critical considerations in the financial services in-dustry. Learn the most current methods and tools used by risk management profes-sionals. Topics include market and invest-ment risk, value at risk (VaR), time value of money, probability theory and statistics, fixed income, and Monte Carlo simulations. Prerequisites: Introduction to the Markets/FINA1-CE9000 and Fundamentals of Portfolio Management/FINA1-CE9001 or equivalent. 2.0 CEU (24 50-minute hours)

Core Concepts in Asset SecuritizationFINA1-CE9162/$750N Sec. 1: Mon. 6.30–8.30 p.m., Sept. 26–Nov. 21 (8 sessions). Norman Chaleff, senior vice presi-dent–risk management, Sterne, Agee & Leach.Examine the core principles of securitiza-tion in this in-depth review of common structured finance asset classes. Learn how securitization differs from other funding methods—such as asset-based commercial lending—and develop the conceptual un-derstanding needed for more advanced study. Case studies cover three basic con-sumer asset classes: credit cards, auto loans, and residential mortgages. This course is designed for those new to the field. Students are required to work with struc-tured finance documentation. Prior expo-sure to f ixed income markets is helpful but not required. 1.5 CEU (19 50-minute hours)

Topics in Finance SeriesFINA1-CE9761/$95N Sec. 1: Thurs. 6.30–8.30 p.m., Nov. 3–17 (3 sessions). William Wu, CFP®, Kramer Financial Group LLC.The “new normal” applies not only to the economy but to our careers and how we manage our finances. The recent fi-nancial crisis challenged all of us to take charge of our financial security under a new set of assumptions. Discuss the tools and knowledge to survive, suc-ceed, and thrive in your finance career.

SESSION 1: OPTIMIZING CASH FLOW AND BUDGETING

The first step toward proper financial planning is ensuring your financial house is secure. Learn to manage lia-bilities by developing a budgeting plan. Discover creative ways to save money in New York City. This class is designed to provide a proper basis for investing.

SESSION 2: INTRODUCTION TO INVESTING

Learn the importance of setting goals when beginning to invest. Examine dif-ferent types of investments, and study how to evaluate and use mutual funds. Understand the risks and concerns be-fore investing. This class is designed for the novice-to-intermediate investor.

SESSION 3: NAVIGATING THE FINANCIAL ADVISORY INDUSTRY

This class ties together the previous classes and provides preparation for seeking advice from the financial planning industry. What do all of those certifications mean? How are fi-nancial planners compensated? How do I find a good financial planner? These are just a few of the questions that are answered.

TOPICS IN FINANCE

what to [email protected](212) 998-7200

Wondering



Interest Rate SwapsFINA1-CE9240/$750M Sec. 1: Sat. 10 a.m.–2 p.m., Sept. 24– Oct. 22 (5 sessions). Ilene Froom

Examine interest rate swaps and their im-portance in today’s capital markets. Discuss swaps within the following contexts: why firms use them, types of swaps, advantages and inherent risks, pricing strategies, pres-ent and future values applications, regula-tion of participants in the market, balance sheet effects, and financial disclosure. Other topics include swaptions, captions, step-up coupon caps, delayed caps, and the impact of inflation. Prerequisite: Finance Math/Statistics: A Skill Enhancement and Review Course/FINA1-CE9151 or knowledge of basic mathematics. 2.0 CEU (24 50-minute hours)

Credit Risk Models: Theory and ApplicationsFINA1-CE9214/$750N Sec. 1: Tues. 7–9.30 p.m., Sept. 27–Nov. 15 (8 sessions). Andreas Christopoulus

Examine techniques to manage, measure, and control credit risks inherent in loans, bonds, and derivative products. Review mathematical models and methodologies widely used in the financial industry to quantify credit risks for stand-alone securi-ties as well as security portfolios. Understand regulatory perspectives on best practices for managing and monitoring credit risks. Analyze the impact of the Basel II accord on the management, measurement, and control of credit risks. Prerequisite: Finance Math/Statistics: A Skill Enhancement and Review Course/FINA1-CE9151 or famil-iarity with derivatives, f inancial markets, and the use of spreadsheets. 2.0 CEU (24 50-minute sessions)

Intermediate Financial Risk ManagementFINA1-CE9201/$750N Sec. 1: Wed. 6–10 p.m., Nov. 9– Dec. 7 (4 sessions). No class Nov. 23. Alan Anderson, FRM®Build on basic knowledge of risk manage-ment tools and techniques to explore more complex issues in financial risk management including credit risk, derivatives, hedging techniques, hedge funds, and enterprise-level risk measurement and management. Prerequisite: Fundamentals of Financial Risk Management/FINA1-CE9208 or equivalent knowledge.

BANKING AND FINANCIAL SERVICES

Learn the strategies and principles used to measure and manage financial risk, and understand how markets operate in fu-tures, options, swaps, and other derivative instruments used to protect assets.

Advanced Financial Risk ManagementFINA1-CE9723/$750N Sec. 1: Tues. 6.30–8.30 p.m., Sept. 27– Nov. 29 (10 sessions). Build upon the knowledge and skills gained in Intermediate Financial Risk Management through a comprehensive ex-amination of interest rate risk, commodity and futures risk, credit risk, cash flow risk, and earning and currency exchange risk. Learn to identify and measure financial risks faced by corporations, establish an ef-fective risk program, and develop hedging strategies to minimize risk by using real-world case study methods and recent ex-amples. Prerequisites: Fundamentals of Financial Risk Management/FINA1-CE9208 and Intermediate Financial Risk Management/FINA1-CE9201, or equivalent experience.

Applied Technical AnalysisFINA1-CE9125/$750N Sec. 1: Mon. 6.30–8.30 p.m., Oct. 3–Dec. 12 (10 sessions). Seth Diamond, associate vice president, global brokerage firm.Learn to recognize essential chart forma-tions and determine how to identify and apply the appropriate techniques in this introduction to the use of basic charting methods. Topics include trends and trend-lines, ratio analysis (Fibonacci), types of charts, reversal and continuation patterns, candlestick analysis, construction and ap-plication of moving averages and oscilla-tors, and Elliott wave analysis. Apply these technical analysis techniques to current price charts. 2.0 CEU (24 50-minute hours)

Derivatives DocumentationFINA1-CE9215/$795M Sec. 1: Sat. 9 a.m.–2 p.m., Oct. 29–Nov. 19 (4 sessions). Ilene Froom

Learn to prepare legal documents for, and draft the three major components of, de-rivatives documentation. Review the vari-ous legal and regulatory influences on derivatives, as well as documentation methods used outside the United States. 2.0 CEU (24 50-minute hours)

CERTIFICATES IN FINANCIAL RISK MANAGEMENTNYU-SCPS offers three certificate programs in financial risk management to meet the needs of students who are new to the field, as well as professionals who wish to ad-vance their expertise in a particular area of specialization. These certificates cover the measurement and management of financial risk, as well as the nature and operation of markets in futures, options, swaps, and other derivative instruments, which serve both as hedges against risk and as sources of potential profit. The Certificate in Financial Risk Management is a foundation-focused program emphasizing core skills and competen-cies, which can be completed in nine months. The Advanced Certificates in Financial Risk Management build on the core certificate with specializations in either Banking and Financial Services or Industry and Service Companies.Upon completion, all certificate students have covered:• Strategies and principles of financial risk management.• Measurement techniques necessary to manage and measure financial risk.• Structuring of limits to control risk taking.• Mathematical models and how they contribute to risk control,

including value at risk (VaR).• Structure of various derivatives markets (e.g., options, futures, and swaps).• Pricing and valuation techniques for derivatives instruments.Students must decide whether they wish to pursue the fundamental certificate or one of the advanced certificates since they may not receive both. An advanced certificate is earned by taking three courses in the area of specialization in addition to the five courses required for the fundamental certificate.Students with minimal experience or no formal training are advised to take Finance Math/Statistics: A Skill Enhancement and Review Course/FINA1-CE9151 either simultaneously or in advance of taking the f irst course in this program.


CERTIFICATE IN FINANCIAL RISK MANAGEMENT


Fundamentals of Financial Risk Management/FINA1-CE9208 (page 8)Core Concepts in Asset Securitization/FINA1-CE9162 (page 8)Interest Rate Swaps/ FINA1-CE9240 (this page)Credit Risk Models: Theory and Applications/FINA1-CE9214 (this page)Intermediate Financial Risk Management/FINA1-CE9201 (this page)

ADVANCED CERTIFICATE IN FINANCIAL RISK MANAGEMENT, BANKING AND FINANCIAL SERVICES (Choose three)

Applied Technical Analysis/FINA1-CE9125 (this page)Basics of Centrally Cleared Derivatives/FINA1-CE9248 (2012)CDO Basics/FINA1-CE9133 (2012)Derivatives Documentation/FINA1-CE9215 (this page)Derivatives Modeling Using VBA/FINA1-CE9249 (page 10)Equity Derivatives/ FINA1-CE9245 (2012)Fixed Income Portfolio Management/FINA1-CE9015 (page 15)FRM® Exam Review Course/FINA1-CE9700 (page 2)FRM® EXAM Level I Review/FINA1-CE9698 (page 2)

FRM® Exam Level II Review/FINA1-CE9793 (page 2)Hedge Fund Operation Risk and Due Diligence/FINA1-CE9237 (page 10)Hedge Fund Strategies/FINA1-CE9209 (page 10)Introduction to Hedge Funds/FINA1-CE9203 (page 10)Measuring and Managing Operational Risk Under Basel II/FINA1-CE9016 (2012)The Options Market and Trading Strategies/FINA1-CE9120 (page 10)Treasury Bond Basis: Trading, Hedging, Modeling/FINA1-CE9373 (2012)Volatility Modeling/ FINA1-CE9252 (2012)Demystifying Derivatives/FINA1-CE9227 (page 5)

ADVANCED CERTIFICATE IN FINANCIAL RISK MANAGEMENT, INDUSTRY AND SERVICE COMPANIES (Choose three)

Financial Futures and Options in Risk Management/FINA1-CE9235 (2012)Introduction to Hedge Funds/FINA1-CE9203 (page 10)Pricing Interest Rate Swaps and Their Derivatives/FINA1-CE9250 (page 11)Pricing Options/ FINA1-CE9246 (2012)Using the Yield Curve/ FINA1-CE9211 (page 11)




VOnline course.



Derivatives Modeling Using VBAFINA1-CE9249/$795M Sec. 1: Sat. 10 a.m.–3 p.m., Nov. 12–Dec. 3 (4 sessions). Alan Anderson, FRM®Get an intensive introduction to the math-ematical modeling of derivative securities with a focus on developing algorithms for option pricing models. The Visual Basic for Applications (VBA) language is used throughout the course and key features of VBA are introduced as needed. Learn the mathematical foundations of numerous pricing models—the Black-Scholes model, binomial and trinomial trees, finite differ-ence methods, and Monte Carlo simula-tion—and how algorithms are developed to implement these models in VBA. Pricing models for interest rate derivatives and exotic options are also developed, time permitting. No prior knowledge of VBA nec-essary. Prerequisites: Financial Futures and Options in Risk Management/ FINA1- CE9235 or equivalent, college-level mathe-matics, and familiarity with Excel.

Implications of the Dodd-Frank Wall Street Reform and Consumer Protection ActFINA1-CE9724/$795W Sec. 1: Mon. 6.30–9 p.m., Oct. 17–Dec. 5 (8 sessions).Wall Street and the financial service indus-try brought about the largest financial cri-sis since the Depression. The 1929 crash led to increased regulation and the found-ing of the U.S. Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC), pro-foundly changing the landscape and insti-tuting safeguards and policing. The Dodd-Frank Wall Street Reform and Consumer Protection Act brings increased regulations, more power to the federal gov-ernment, and establishes new regulatory authorities. Review the Act—and the up-dated changes—and discuss its future im-plications for the financial service industry, corporations, investors, and the public.

Introduction to Hedge FundsFINA1-CE9203/$425N Sec. 1: Tues. 6.30–10 p.m., Oct. 4–Nov. 1 (3 sessions). William Bassin, Esq., managing director, UBP Asset Management.Learn the essentials of this rapidly growing industry. Gain an understanding of differ-ent hedge fund strategies, discover why hedge funds have become so popular, and recognize what to look for when evaluating a potential hedge fund investment. Sessions include in-depth discussion of key issues by faculty and distinguished guest speakers. Topics include who launches a hedge fund and why, what’s involved in creating a new fund, who invests in hedge funds, how hedge funds prosper in both up and down markets, previous hedge fund disasters, and hot-button legal and regulatory issues. Prerequisites: Introduction to the Markets/FINA1-CE9000, Fundamentals of Portfolio Management/FINA1-CE9001, and Fundamentals of Financial Risk Management/FINA1-CE9208 or equivalent knowledge. 1.0 CEU (12 50-minute hours)

Hedge Fund Operation Risk and Due DiligenceFINA1-CE9237/$795N Sec. 1: Wed. 6.30–8.30 p.m., Sept. 21– Nov. 16 (8 sessions). No class Sept. 28. Jason Scharfman, managing partner, Corgentum.Establish a solid understanding of the essential techniques required to perform legal, regulatory, back office investment, and operational due diligence on hedge funds and other alternative investments. Topics include an overview of fund legal and financial documentation, valuation and custody assessment, asset verification tech-niques, common red flags, fraud case stud-ies, and fund interview strategies. The course is designed for attorneys, auditors, investment analysts, legal and compliance profession-als, and investor relations and marketing professionals interested in increasing their knowledge of alternative investment due diligence techniques and issues.

Hedge Fund StrategiesFINA1-CE9209/$845N Sec. 1: Tues. 6.30–9.20 p.m., Sept. 27– Nov. 8 (7 sessions). Zachary R. Michaelson, consultant, Gerson Lehrman Group.Explore the investment strategies and techniques used by hedge fund managers in the areas of bonds, stocks, fixed assets, currency, options, and commodities. Study different strategies including event-driven or distressed mergers, long and short equi-ties, funds, and convertible arbitrage and global macro strategies. Performance mea-surements; alpha, beta, and Sharpe ratio; and market efficiency are also covered.

The Options Market and Trading StrategiesFINA1-CE9120/$750N Sec. 1: Thurs. 6.30–9 p.m., Oct. 6–Dec. 1 (8 sessions). Louis H. Zaidman, adjunct assistant professor of financial management.Find out how put-and-call equity and index options can potentially offer a large profit on a small amount of capital while allowing conservative investors to achieve a good return on their stock portfolios. Topics include how to make money in a rising market by buying calls and creating bull spreads using warrants; how to make money in a declining market with puts and bear spreads, and by selling naked calls; and how calendar spreads and covered op-tion writing can be profitable in a neutral market. Prerequisite: Introduction to the Markets/FINA1-CE9000 or equivalent knowledge. 2.0 CEU (24 50-minute hours)




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Systemic Risk and Its Impact on the MarketsFINA1-CE9124/$750N Sec. 1: Mon. 7–9 p.m., Sept. 26–Dec. 5 (10 sessions). Ari Bergmann, principal, Penso Advisors LLC.Gain the fundamental financial tools and techniques to identify sources of potential systemic risks, measure a portfolio’s expo-sure to such risks, and design effective risk-mitigating strategies. Every asset allocator, whether a sophisticated private investor, institutional portfolio manager, investment committee member, investment advisor, liability manager, CFO, or treasury profes-sional is required to identify sources of potential systemic risk and to understand the implication of such exposures to his or her portfolio or enterprise. Examine sys-temic risk, the dynamics of hedging, cur-rent issues pertaining to derivatives, and the historical development of past crises.

INDUSTRY AND SERVICE COMPANIES

Pricing Interest Rate Swaps and Their DerivativesFINA1-CE9250/$750W Sec. 1: Wed. 6.30–9 p.m., Sept. 21–Nov. 9 (8 sessions). Amir Sadr, managing partner, EPS Trading LLC.Gain a practical introduction to the valua-tion methods for pricing interest-rate swaps and their derivatives. Confidently price and hedge interest-rate swaps, caps, floors, swaptions, and constant-maturity-swap products upon completion. The key ideas of replication (static and dynamic), and risk-neutral valuation are introduced, lead-ing to the industry-standard Black’s for-mula and its variants for pricing Swaptions, Cap/Floors, and Digitals. A one-factor BDT/BK model is extensively covered to illustrate the valuation of Bermudan call-able structures and other exotics. Students must have a basic background in bond mathe-matics and some mathematical proficiency. 2.0 CEU (24 50-minute hours)

Using the Yield CurveFINA1-CE9211/$750N Sec. 1: Thurs. 6.30–9.15 p.m., Oct. 6– Nov. 17 (7 sessions). Examine the factors that create risk and provide return in fixed-income markets. Review the basics of money markets and the role of the Fed in determining short-term interest rates. Learn the essentials of bond pricing, price sensitivity (duration and convexity), zero (spot) curves, forward curves, and yield-curve strategies. Gain an understanding of options as they relate to fixed-income markets. The course con-cludes with an exploration of callable bonds and mortgage-backed securities, and an introduction to the fixed-income deriv-atives market. Students must have a basic understanding of f inancial markets and basic proficiency in mathematics. 2.0 CEU (24 50-minute hours)

INTERNATIONAL BUSINESS AND FINANCE As individual companies and industries ex-pand abroad, opportunities grow for profes-sionals with international business expertise. NYU-SCPS faculty are industry experts with experience in global markets, international trade law, and corporate finance. Students learn the cultural, economic, political, and social influences in international business and master skills within their geographic and sub-ject areas of interest to ensure they succeed.

Introduction to International Business and FinanceFINA1-CE9400/$795M Sec. 1: Sat. 10 a.m.–1.30 p.m., Sept. 24–Nov. 5 (7 sessions). August Morar, executive director, Center for International Business Strategic Studies.N Sec. 2: Mon. 6.30–9 p.m., Oct. 17–Dec. 19 (10 sessions). Examine the economic, political, and social forces that shape the global marketplace. Analyze procedures adopted to implement business operations in diverse economies, and learn how to make sharp business de-cisions. Topics include international economic principles and their influence on foreign trade and productive investments, the in-ternational monetary system, the exchange rate mechanism and its impact on direct investments and financial operations, inter-national marketing operations for products and services, corporate and trade financing methods, and foreign risk management.

International Corporate FinanceFINA1-CE9405/$750N Sec. 1: Thurs. 6.30–9 p.m., Oct. 13–Dec. 8 (8 sessions). Gain an understanding of the international financial system from both a theoretical and a practical point of view. Topics include central bank functions; foreign exchange markets and convertibility; the eurocurren-cies markets and the euro; short- and long-term financing, including trade and project finance; and documentation. This course also covers the legal, political, and eco-nomic framework of international financial markets. 2.0 CEU (24 50-minute hours)

Issues in a Globalizing EconomyFINA1-CE9239/$750W Sec. 1: Mon. 6.30–9 p.m., Oct. 3–Nov. 28 (8 sessions). Lawrence Knoll, principal, Wolf, Arnold & Knoll, P.C.Discover the various ways in which the economies of the world are coming to-gether, and explore both the forces driving globalization and the resistance to these forces. Examine the mechanisms of global-ization and how it affects people—in the context of differing social and economic realities. Study the difficulties inherent in advancing negotiations to achieve trade agreements ratified by the majority of na-tions, and assess proposals put forward by several economists.

Global InvestingFINA1-CE9025/$750N Sec. 1: Tues. 6.30–9 p.m., Oct. 11–Nov. 29 (8 sessions). Joseph P. Quinlan, consultant.Managing a global investment portfolio leads to both opportunities and problems. Learn what these are while also exploring topics such as the anatomy of world mar-kets, measures of size and liquidity of the global stock and bond markets, global asset allocation and diversification, global trad-ing of securities, global asset risk manage-ment, sources of financial information, and the administrative challenges of global investing. Prerequisite: Introduction to the Markets/FINA1-CE9000 or equivalent knowledge. 2.0 CEU (24 50-minute hours)

International Financial Reporting Standards (IFRS) for the Global InvestorFINA1-CE9638/$750N Sec. 1: Wed. 6.30–9 p.m., Sept. 21–Nov. 16 (8 sessions). No class Sept. 28. Examine the reporting requirements and essential features of International Financial Reporting Standards (IFRS). Contrast the standards for reporting asset liabilities, eq-uity, revenues, and expenses with those of the United States Generally Accepted Accounting Principles (U.S. GAAP) and analyze the issues that determine when to ethically and prudently choose one method over the other. The transition to IFRS can dramatically affect how companies are val-ued. Professionals responsible for valuing companies affected by these changes re-quire knowledge of the applications of IFRS and how they compare to the appli-cation of U.S. GAAP. Prerequisite: Financial Statement Analysis/ACCT1-CE8105 or equivalent knowledge.

CHINA, INDIA, AND OTHER EMERGING MARKETS

Understand how to successfully and strategi-cally navigate the culture, politics, and econo-mies of emerging markets with technical knowledge of trade finance and currencies.

Doing Business in ChinaFINA1-CE9406/$495N Sec. 1: Mon. 6.30–8.30 p.m., Sept. 26– Nov. 14 (7 sessions). Lawrence B. Delson, principal, Delson International, Inc.Acquire the tools necessary to successfully operate a small- or medium-sized business in China. Subjects include the legal envi-ronment and trends, the impact of China’s WTO membership, product sourcing and quality control, sales and marketing, meth-ods of operations, and intellectual property rights. Opportunities in areas such as alter-native energy, media, and real estate are identified. Emphasis is placed on the role of and the need for cultural and historical understanding of the market as a key to success. Students receive a brief introduc-tion to the Chinese language.

Doing Business in IndiaFINA1-CE9128/$495N Sec. 1: Wed. 6.30–8.30 p.m., Sept. 21– Nov. 9 (7 sessions). No class Sept. 28. Subash Midha, global strategy advisor (India).India’s economy is the second-fastest growing in the world, with the third- largest purchasing power. Its recent growth has attracted numerous investors who are looking to make mutually beneficial part-nerships with Indian businesses. Explore investment opportunities in India in many different areas, including education, health, entertainment, hospitality, real estate, in-vestment, trade, outsourcing, business and knowledge process outsourcing (BPO, KPO), IT, software, infrastructure, and telecommunications. The legal, banking, and tax issues related to investment in India are also discussed.

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INTERNATIONAL TRADE, FINANCE, AND LOGISTICS

Principles of International TradeFINA1-CE9455/$750N Sec. 1: Tues. 6.30–8.30 p.m., Oct. 4–Dec. 6 (10 sessions). Melvin E. Lazar, Esq., in private practice.Explore the basics of an international trade transaction and get a practical intro-duction to the fundamentals of import/ export procedures. The essential elements of international trade contracts, shipping terms, various transportation modes, U.S. Customs procedures, global sourcing, im-port/export financing, and cross-cultural issues are addressed. This course covers in-formation that is especially valuable for students who wish to learn the transaction mechanics of importing and exporting. 2.0 CEU (24 50-minute hours)

Running Your Own Import/Export BusinessFINA1-CE9461/$750N Sec. 1: Wed. 6.30–8.30 p.m., Sept. 21– Dec. 7 (10 sessions). No class Sept. 28 and Nov. 23. Lawrence B. Delson, principal, Delson International Inc.Learn the basics of starting an import/ex-port operation. Discuss vital topics includ-ing business start-ups, product and market research in the United States and abroad, product pricing, distribution systems, cus-toms brokers, and international documen-tation. Other topics include banking and financing strategies, dealing with custom-ers, and ongoing international relationships. Presentations encompass computerized sources of foreign trade leads and market information. Students develop an import or export plan for a product of their choice. 2.0 CEU (24 50-minute hours)

International Trade LogisticsFINA1-CE9624/$750N Sec. 1: Mon. 6.30–8.30 p.m., Sept. 26– Dec. 5 (10 sessions). The production and sale of goods increas-ingly requires the movement of goods within—and across—borders. International business depends on sophisticated logistics management, necessitating the hiring of in-house managers and the retention of service providers. Explore the issues that international logistics professionals must address and the methods they employ to meet the needs of international business. Learn the quickest and most cost-effective means of moving and storing goods and gain an in-depth understanding of risk avoidance, environmental sustainability, and government regulations.

OVERSEAS INVESTING

Learn how to invest in foreign companies di-rectly or indirectly, with public or private equity.

International Business NegotiationsFINA1-CE9402/$750N Sec. 1: Tues. 6.30–9 p.m., Sept. 27–Nov. 8 (8 sessions). Lawrence Knoll, principal, Wolf, Arnold & Knoll, P.C.Gain an overview of issues relevant to international business negotiations and discuss the most effective practices and methods of conducting them. Topics in-clude key elements of how to negotiate successfully in various situations and build and sustain a business relationship. Students develop techniques to effectively represent their principal, while aiming to achieve mutual benefit. Ethical responsibilities are emphasized along with the heightening sensitivity to personal, behavioral, and cultural differences.

International Financial MarketsFINA1-CE9429/$750W Sec. 1: Mon. 6.30–9 p.m., Oct. 3–Nov. 28 (8 sessions). Explore modern financial theory and examine the structure and functioning of the international financial system and the institutions within it. Topics include the major types of market participants that operate in the global economy, the impact of asset price fluctuations, and the mana-gerial role of governments and central banks. Gain a practical understanding of how international capital markets function, familiarity with contemporary issues in in-ternational finance, and a deeper knowl-edge of how public policy responses are crafted in response to market failures. Participants must have a familiarity with basic market infrastructure.

Principles of International BankingFINA1-CE9425/$750N Sec. 1: Mon. 6.30–9 p.m., Sept. 26–Nov. 21 (8 sessions). Understand global money transmission, details of major clearing systems and the role and function of international banking operations. Intended for finance profes-sionals and bankers, this course develops a complete understanding of international banking, the role of a central bank, corre-spondent banking relationships and SWIFT. In addition, the course provides a compre-hensive approach to international cash management, from effectively managing globally payments and collections to im-plementing cross-border liquidity manage-ment structures. It also provides an update on global market trends. 2.0 CEU (24 50-minute hours)

CERTIFICATES IN INTERNATIONAL BUSINESS AND FINANCEIn an era of instant global communications, interdependent economies, and dramatic international political developments, an understanding of underlying economic, polit-ical, and social forces is critical. Under the instruction of industry experts, our programs are designed to equip professionals at all levels with the key skills of international business, as well as to provide vital knowledge of U.S. business practices.NYU-SCPS offers three certificates to meet the needs of students who are new to the field, particularly those considering an M.B.A. program, as well as professionals who wish to advance their expertise in a particular area of specialization.The Certificate in International Business and Finance is a foundation-focused program emphasizing core skills and competencies, which can be completed in nine months. Two Advanced Certificates in International Business and Finance build on the core certificate with specializations in either China, India, and Other Emerging Markets, or Overseas Investing.Upon completion of these programs, students have and in-depth knowledge of:• The international financial system, including exchange-rate mechanisms, tariffs,

and international trade issues.• How to identify cultural, economic, political, and social influences in the interna-

tional business arena.• Basic concepts of multinational financial management and the impact of foreign

exchange on cash flow.• Legal, political, and economic frameworks of international markets, including the

euro and eurocurrencies markets.• Key issues of international banking operations.Students must decide whether they wish to pursue the fundamental certificate or one of the advanced certificates since they may not receive both. The fundamental certificate is awarded to students who complete five courses—three required and two electives. An advanced certificate is earned by taking three courses in the area of spe-cialization in addition to the five courses required for the fundamental certificate.Students with minimal experience or formal training are advised to take Finance for Nonfinance Professionals/FINA1-CE9642 either simultaneously or in advance of taking the f irst course in this program.

CERTIFICATE IN INTERNATIONAL BUSINESS AND FINANCE

REQUIRED COURSES

It is recommended that the required courses be taken in the order listed.

Introduction to International Business and Finance/FINA1-CE9400 (page 11)International Corporate Finance/FINA1-CE9405 (page 11)Issues in a Globalizing Economy/FINA1-CE9239 (page 11)

ELECTIVES

An elective can be used toward an advanced certificate if it is not used to fulfill require-ments of the fundamentals certificate.

Principles of International Trade/FINA1-CE9455 (this page)ANDRunning Your Own Import/Export Business/FINA1-CE9461 (this page)ORGlobal Investing/ FINA1-CE9025 (page 11)ANDInternational Financial Reporting Standards (IFRS) for the Global Investor/FINA1-CE9638 (page 11)

ADVANCED CERTIFICATE IN INTERNATIONAL BUSINESS AND FINANCE, CHINA, INDIA, AND OTHER EMERGING MARKETS (Choose three)

Business Models for Social Entrepreneurship/FINA1-CE9251 (2012)Doing Business in China/FINA1-CE9406 (page 11)International Trade Law and Regulation/LEGL1-CE8805 (page 13)International Trade Finance/FINA1-CE9238 (page 13)Doing Business in India/FINA1-CE9128 (page 11)Strategic Alliances/ FINA1-CE9187 (page 8)

ADVANCED CERTIFICATE IN INTERNATIONAL BUSINESS AND FINANCE, OVERSEAS INVESTING (Choose three)

Mergers and Acquisitions: U.S. and Overseas/FINA1-CE9180 (page 13)International Business Negotiations/FINA1-CE9402 (this page)Principles of International Banking/FINA1-CE9425 (this page)International Financial Markets/FINA1-CE9429 (this page)International Financial Reporting Standards (IFRS) for the Global Investor/FINA1-CE9638 (page 11)Valuing a Business: U.S. and Overseas/FINA1-CE9677 (page 5)The Foreign Corrupt Practices Act: Emerging Issues and Rational Responses/LEGL1-CE8913 (2012)


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RESEARCH ANALYSIS

Learn to analyze companies and industries for growth, distress bankruptcy, and workouts.

Bankruptcy, Workouts, and ReorganizationsFINA1-CE9335/$750N Sec. 1: Tues. 6.30–8.30 p.m., Sept. 27– Nov. 29 (10 sessions). Gerard DiConza, Esq., principal, DiConza Law, P.C.Designed for bankers, corporate treasury personnel, workout specialists, and lawyers who handle middle-market, national, and international problem loans and accounts, this course examines corporate Chapter 11 bankruptcies. Topics include plans of reor-ganization, valuation of a business, asset-backed securitization transactions, trading claims, the law of setoff, preferences, fraud-ulent conveyances, equitable subordination, substantive consolidation, the automatic stay, use of cash collateral negotiations, and debtor-in-possession financing. 2.0 CEU (24 50-minute hours)

SALES AND TRADING

Understand the roles that stockbrokers, financial consultants, and traders play and the landscape they act upon.

Broker-Dealer Operations and ComplianceFINA1-CE9863/$625W Sec. 1: Sun. 9 a.m.–5 p.m., Oct. 23–Nov. 6 (3 sessions). William Jannace, Esq., managing director–member regulation division, Financial Industry Regulatory Authority (FINRA).Gain an essential understanding of the broker-dealer relationship with respect to the clearance and settlement of securities and various other broker-dealer operations, including net capital, customer protection, margin, and books and records require-ments. The course features an overview of recent initiatives to clear and settle deriva-tives and CDS products and covers intro-ducing and clearing arrangements, as well as the evolving field of prime brokerage. Other topics include brokerage accounting, clearance, settlement, net capital, customer protection rules, introducing and clearing operations, and prime brokerage operations.

Initial Public OfferingsFINA1-CE9165/$750W Sec. 1: Sun. 9 a.m.–5 p.m., Oct. 2–16 (3 sessions). William Jannace, Esq., managing director–member regulation division, Financial Industry Regulatory Authority (FINRA).Gain a detailed knowledge of initial public offerings, security regulation requirements, underwriting, and trading. Explore the his-tory of market fads, valuation for original pricing, aftermarket valuation, the prospec-tus, and various investment strategies. 2.0 CEU (24 50-minute hours)

INVESTMENT BANKING Raising capital in today’s tight financial markets means relying on both traditional and alternative resources. Our courses teach relevant financial management of in-ternal and external funds, equity and debt financings, mergers and acquisition, initial public offerings, joint ventures, and other strategic alliances.

Investment Banking FundamentalsFINA1-CE9160/$750W Sec. 1: Mon. 6.30–9 p.m., Oct. 24–Dec. 12 (8 sessions). Robert K. Nagle, CFA, associate director, Moody’s Analytics.Analyze the financial services that invest-ment banks provide to corporations and governments. This introductory course and overview of the industry is recommended for corporate, bank, and insurance person-nel. Topics include raising capital through the issuance of equity and debt securities; initial public offerings and secondary is-sues; private placements; venture capital; privatizations; and mergers and acquisi-tions, including the related activities of divestitures, spin-offs, and workouts. 2.0 CEU (24 50-minute hours)

Mergers and Acquisitions: U.S. and OverseasFINA1-CE9180/$750N Sec. 1: Wed. 6.30–9.20 p.m., Sept. 21– Nov. 9 (7 sessions). No class Sept. 28. Osei Anthony Van Horne, investment professional, merchant banking division, Goldman, Sachs & Co.Explore mergers, acquisitions, and divesti-tures in this course designed for corporate personnel and investors. Focus on evalua-tion, mechanics, and negotiation strategies for business combinations. Topics include accounting considerations, valuation, legal issues, and tax factors involved in acquisi-tions. Prerequisite: Fundamentals of Corporate Finance/FINA1-CE9140 or equivalent knowledge. 2.0 CEU (24 50-minute hours)

Venture Capital and Private EquityFINA1-CE9185/$750W Sec. 1: Thurs. 6.30–9 p.m., Sept. 22– Nov. 10 (8 sessions). Andrew T. Long, venture capital consultant.This course is designed for corporate offi-cers, sole proprietors, firm partners, and in-vestors seeking to develop familiarity with the sources and techniques of venture capi-tal. Topics include how to prepare a start-up business plan, critical elements in the search for financing, how to raise and utilize ven-ture capital, when and how to go public, techniques for analyzing value, and tax considerations. 2.0 CEU (24 50-minute hours)

IT for International Logistics and U.S. Customs FilingFINA1-CE9637/$750W Sec. 1: Wed. 6.30–8.30 p.m., Sept. 21– Nov. 30 (10 sessions). No class Nov. 23. Gain a comprehensive overview and in-depth training in the software that facili-tates international trade logistics and United States Customs filings. Learn how to use software to promote efficiency and solve problems. Explore the usage of soft-ware for supply chain management (SCM) to streamline network configuration, distri-bution strategy, integration of information for inventory management, and cash flow. Prerequisite: International Trade Logistics Inbound/Outbound/FINA1-CE9624 or equivalent professional experience and departmental approval.

International Trade FinanceFINA1-CE9238/$550N Sec. 1: Thurs. 6.30–9 p.m., Sept. 22– Nov. 17 (8 sessions). No class Sept. 29. Paul Sinaly, Jr.

Examine methods of securing funds for international trade, including letters of credit; factoring (invoice discounting and receivables financing); asset-based lending; and structured trade finance. Explore issues regarding the proper management of cur-rency exchange and interest fluctuations, repatriating earnings and risk manage-ment, and insurance opportunities and credit evaluation services. Analyze relevant government and private services, including the United States Export-Import Bank, Overseas Private Investment Corporation (OPIC), and the Foreign Credit Insurance Association (FCIA).

International Trade Law and RegulationLEGL1-CE8805/$845S Sec. 1: Tues. 6.30–9 p.m., Sept. 27–Nov. 29 (10 sessions). Melvin E. Lazar, Esq., in private practice.Familiarity with international trade law is essential for anyone involved in interna-tional business. What are the transaction risks associated with import and export? How are international disputes resolved? Gain practical knowledge to facilitate in-ternational commercial transactions and, through case studies, learn potential risks and legal problems. Topics include the for-mation of international sales contracts, the documentary sale and terms of trade, let-ters of credit, U.S. regulation of imports and exports, the carriage of goods and the liability of air and sea carriers, GATT law and the World Trade Organization, and regional trade areas such as the European Union. 3.0 CEU (30 50-minute hours)

International MarketingFINA1-CE9625/$750N Sec. 1: Tues. 6.30–9 p.m., Sept. 27–Nov. 15 (8 sessions). Marketing products and services inter- nationally requires a multifaceted and dynamic approach. Each country or region has its own culture, laws, consumer needs, price factors, demographics, infrastruc-tures, and modes of advertising and distri-bution. Businesses must look to multiple markets to grow and remain competitive. Learn how to research and engage each of these factors in promoting and distrib-uting a product or brand. Learn how to work with or acquire marketing services needed in foreign countries and how to avoid risks. Examine how social media and e-commerce are impacting interna-tional marketing and how they can be effectively utilized.

NEW

CERTIFICATE IN INTERNATIONAL TRADE, FINANCE, AND LOGISTICSThis certificate program provides stu-dents with the specialized knowledge necessary to start and operate an import/export business and offers professionals already working in the international trade arena the ability to deepen their expertise and provide added value and service to employers and clients. Participants gain a comprehensive understanding of the complex issues relevant to international trade and acquire the requisite skills to succeed in this expansive field.This certificate is awarded to students who successfully complete five required and one elective course.

REQUIRED COURSES


Principles of International Trade/FINA1-CE9455 (page 12)Running Your Own Import/Export Business/FINA1-CE9461 (page 12)International Trade Logistics/Outbound/FINA1-CE9624 (page 12)International Trade Finance/FINA1-CE9238 (this page)International Trade Law and Regulation/LEGL1-CE8805 (this page)

ELECTIVES (Choose one)

IT for International Logistics and U.S. Customs Filing/FINA1-CE9637 (this page)International Marketing/FINA1-CE9625 (this page)


NEW


S Meets in the Washington Square, Cooper Square,

Union Square vicinity.


NEW



Intermarket Analysis and Investment StrategyFINA1-CE9040/$750N Sec. 1: Mon. 6.30–9 p.m., Sept. 26–Nov. 21 (8 sessions). John Stoltzfus

Examine the cause-and-effect relation-ships that exist among the stock, bond, currency, and commodity markets. An ana-lytic framework is developed utilizing fun-damental and technical analysis methods. Review economic indicators, the basics of yield curve analysis, Federal Reserve Board activities, currency trading, option strate-gies, and computerized trend-following methods. Study specific investments and trading plans, based on current intermarket trends and market activity. 2.0 CEU (24 50-minute hours)

EQUITY OR REAL ESTATE

Learn to analyze stocks with statistical tools and understand real estate deals for profit potential and income generation.

Advanced Portfolio ManagementFINA1-CE9008/$795N Sec. 1: Wed. 6.30–9 p.m., Oct. 12–Dec. 7 (8 sessions). No class Nov. 23. Allen S. Zwickler, managing director, First Manhattan Co.Gain advanced insights into reading and interpreting financial statements and in-vesting in a diverse blend of securities in-cluding stocks, bonds, commodities, IPOs, and hedge funds. Students learn the key aspects of managing a fund and communi-cating by letter, phone, or at a meeting. Guest lecturers help students develop the skills necessary to work with clients or mu-tual fund investors. A large portion of the course focuses on managing money for others.

Exchange Traded Funds: A New Investment VehicleFINA1-CE9374/$395W Sec. 1: Tues. 6.30–9 p.m., Oct. 18–Dec. 6 (8 sessions). Receive a comprehensive overview of the ins and outs of investing in Exchange Traded Funds (ETFs), investment vehicles that have similarities to traditional mutual funds. ETFs trade on stock exchanges, however, and can be bought and sold throughout the day. They are transparent, have cost and tax efficiencies, and most are designed to track the returns of a specific index such as the S&P 500. The Invest-ment Company Institute, a trade association for the mutual fund industry, reports that ETFs assets increased $249.68 billion from March 2010 to March 2011.

Introduction to the MarketsFINA1-CE9000/$750W Sec. 1: Mon. 6.30–9 p.m., Oct. 3–Nov. 28 (8 sessions). N Sec. 2: Wed. 6.30–9 p.m., Sept. 21–Nov. 16 (8 sessions). No class Sept. 28. N Sec. 3: Tues. 6.30–9 p.m., Sept. 27–Nov. 15 (8 sessions). Janet Yuen

An introduction to the securities markets provides the foundation upon which the study of finance must be built. Learn the difference between stocks, bonds, com-modities, futures, derivatives, options, and currencies. Topics include the history of capital markets and how they function; risk/return tradeoff; fundamental versus technical analysis; and contemporary in-vestor attitudes, problems, and pitfalls. This course also lays the groundwork for Fundamentals of Portfolio Management, the introductory course to portfolio man-agement. 2.0 CEU (24 50-minute hours)

Fundamentals of Securities AnalysisFINA1-CE9005/$750N Sec. 1: Thurs. 6.30–8.30 p.m., Sept. 22– Dec. 8 (10 sessions). No class Sept. 29. Michael R. Candan, portfolio manager and partner, Armco Management Co.Explore the principles of securities analysis and develop a basic framework for making investment decisions. With readily avail-able data, learn methods such as cash-flow analysis for analyzing industries and com-panies to determine investment value. Assess the quality of available financial in-formation used for the analytical process. Examine current investment opportunities from practical and theoretical perspectives. Prerequisite: Introduction to the Markets/FINA1-CE9000 or equivalent knowledge, plus knowledge of accounting basics. 2.0 CEU (24 50-minute hours)

Fundamentals of Portfolio ManagementFINA1-CE9001/$750N Sec. 1: Thurs. 6.30–9 p.m., Oct. 20–Dec. 15 (8 sessions). Gain a solid understanding of the portfo-lio, the structure within which financial as-sets are managed. This course introduces the various forces and issues that have an impact on portfolio construction. Topics include investor objectives and constraints, asset allocation, the importance of diversi-fication, risk/reward tradeoffs, portfolio management styles (growth versus value), strategies for individuals versus institu-tions, choosing a money manager, and measuring performance. Prerequisite: Introduction to the Markets/FINA1- CE9000 or equivalent knowledge. 2.0 CEU (24 50-minute hours)

CERTIFICATES IN INVESTMENT BANKINGLearn how corporations finance their activities and how to analyze key factors that drive corporate transactions. Three certificate options are offered to meet the needs of students who are new to the field, particularly those considering an M.B.A. program, as well as professionals who wish to advance their expertise in a particular area of specialization.The Certificate in Investment Banking is a foundation-focused program emphasizing core skills and competencies, which can be completed in nine months. Two Advanced Certificates in Investment Banking build on the core certificate with specializations in either sales and trading or research analysis.Upon completion of these programs, students gain an understanding of corporate finance, including expertise in areas such as:• Financial management and corporate growth, including the use of both

internal and external funds.• Equity and debt financings.• Mergers and acquisitions.• Initial public offerings.• Corporate restructurings.• Joint ventures and other strategic alliances.• Derivatives transactions, including pricing and valuation techniques.• Securitizations.• Roles and perspectives of investment bankers and other transaction advisors.Students must decide whether they wish to pursue the fundamental certificate or one of the advanced certificates since they may not receive both. An advanced certificate is earned by taking three courses in the area of specialization in addition to the five courses required for the fundamental certificate.Students with minimal experience or no formal training are advised to take Finance for Nonfinance Professionals/FINA1-CE9642 and/or Finance Math/Statistics: A Skill Enhancement and Review Course/FINA1-CE9151 either simultaneously or in advance of taking the f irst course in this program.


CERTIFICATE IN INVESTMENT BANKING


Investment Banking Fundamentals/FINA1-CE9160 (page 13)Strategic Alliances/ FINA1-CE9187 (page 8)Mergers and Acquisitions: U.S. and Overseas/FINA1-CE9180 (page 13)Techniques of Financing Corporations/FINA1-CE9670 (page 5)ANDVenture Capital and Private Equity/FINA1-CE9185 (page 13)ORVenture Capital Intensive/FINA1-CE9186 (2012)

ADVANCED CERTIFICATE IN INVESTMENT BANKING, SALES AND TRADING (Choose three)

Broker-Dealer Operations and Compliance/FINA1-CE9863 (page 13)Fixed Income Portfolio Management/FINA1-CE9015 (page 15)Fixed-Income Securities/FINA1-CE9104 (page 15)Global Investing/ FINA1-CE9025 (page 11)

Hedge Fund Strategies/FINA1-CE9209 (page 9)Initial Public Offerings/FINA1-CE9165 (page 13)Introduction to Hedge Funds/FINA1-CE9203 (page 10)The Options Market and Trading Strategies/FINA1-CE9120 (page 10)Pricing Options/ FINA1-CE9246 (2012)Value Investing/ FINA1-CE9009 (page 15)

ADVANCED CERTIFICATE IN INVESTMENT BANKING, RESEARCH ANALYSIS (Choose three)

Advanced Financial Statement Analysis/ACCT1-CE8106Bankruptcy, Workouts, and Reorganizations/ FINA1-CE9335 (page 13)Business Models for Social Entrepreneurship/FINA1-CE9251 (2012)Financial Statement Analysis/ACCT1-CE8105Financial Modeling in Corporate Financial Analysis Using Excel/FINA1-CE9675 (page 5)Valuing a Business: U.S. and Overseas/FINA1-CE9677 (page 5)

PORTFOLIO MANAGEMENT Uncertain markets have created a need to understand derivative analysis and opportunities in the areas of portfolio management, asset allocation, and risk management. These courses provide finance practitioners and entry-level students the expertise to make smart and informed decisions regarding the investment mix, risk, and policy.



FIXED INCOME

Learn fixed-income management of bonds with valuation techniques among different in-terest rate scenarios and risk environments.

Fixed Income Portfolio ManagementFINA1-CE9015/$750N Sec. 1: Mon. 6.30–9 p.m., Oct. 3–Nov. 28 (8 sessions). Develop an understanding of the theories and quantitative methods of portfolio opti-mization, forecasting, and risk management. This course covers market inefficiency and how such inefficiency can be exploited through strategy development. Also cov-ered are issues specific to the management of fixed income portfolios, including fund-ing, yield curve dynamics, and monetary economics. Additional topics include inter-national markets and foreign exchange, financial market history, and the manage-ment of mortgage and credit instruments. Basic understanding of statistics, college algebra, fixed income securities, macroeco-nomics, and modeling in MS Excel are re-quired. Prerequisite: Fixed Income Securities/FINA1-CE9104 or equivalent knowledge. 2.0 CEU (24 50-minute hours)

Fixed-Income SecuritiesFINA1-CE9104/$750N Sec. 1: Thurs. 6.30–9 p.m., Oct. 13–Dec. 8 (8 sessions). William Don Alexander, RSD Solutions.Explore treasuries and agencies, munici-pals, mortgage pass-throughs and their derivatives, asset-backed securities, and corporate and convertible bonds in this in-troduction to domestic and international debt markets. Review the basics of pricing, the risk/return characteristics of fixed in-come and embedded option analysis, bond duration measures, convexity, credit and rating factors, basic portfolio applications, foreign bonds, emerging market debt, Brady bonds and rate swaps, tax and regu-latory consequences, and historical returns. Examine the basics of bonds and their evaluation, as well as market players. Finish the course with a foundation and context for managing fixed-income portfolios. Students must have knowledge of algebra, basic probability, and Excel. 2.0 CEU (24 50-minute hours)

Mutual Fund InvestingFINA1-CE9019/$750W Sec. 1: Tues. 6.30–9 p.m., Oct. 18–Dec. 6 (8 sessions).Learn to evaluate investment strategies utilizing open- and closed-end funds. Topics include history, regulation, and cur-rent structure of the mutual fund industry; structure and features of open- and closed-end funds; fund classification; analysis of funds; performance and risk measurement; asset allocations; portfolio building; select-ing individual funds; and taxation. 2.0 CEU (24 50-minute hours)

Survey of Alternative InvestmentsFINA1-CE9130/$750N Sec. 1: Thurs. 6.30–9 p.m., Oct. 6–Dec. 1 (8 sessions). Jason Scharfman

Explore options outside of typical stock, bond, and mutual fund investments in this survey course for asset managers, financial planners, and other advisors. With the help of faculty experts from each area, examine hedge funds; private equity and venture capital; real estate; and collectibles, such as art and jewelry.

Value InvestingFINA1-CE9009/$750N Sec. 1: Thurs. 6.30–8.30 p.m., Oct. 6– Dec. 15 (10 sessions). Lawrence S. Balaban, president, LSB Credit, Inc.Examine the “value” investing style. Gain a working knowledge of securities analysis, including the rules of Benjamin Graham, the father of value investing. Topics in-clude stock picking, management evalua-tion, and portfolio building. A detailed look at the P/E ratio, mutual funds, and asset plays is provided in relation to value investing. Open discussion of students’ in-vestment philosophies is encouraged, and techniques used by active value profession-als are also covered. Students must have basic investing knowledge. 2.0 CEU (24 50-minute hours)

CERTIFICATES IN PORTFOLIO MANAGEMENTNYU-SCPS offers three certificates in portfolio management to meet the needs of students who are new to the field, as well as professionals who wish to advance their expertise in a particular area of specialization.The Certificate in Portfolio Management is a foundation-focused program emphasiz-ing core skills and competencies, which can be completed in nine months. Two Advanced Certificates in Portfolio Management build on the core certificate with specializations in either equity or real estate, or fixed income.Upon completion of each program, students gain a broad understanding of securities and investment management topics, including:• The operation of equity, fixed-income, and derivatives markets.• Securities analysis, including equity and bond valuation.• Risk/reward tradeoffs and statistical tools for measurement of risk and return.• Portfolio asset allocation and performance analysis.• Technical analysis techniques, investments in securities markets outside the United

States and other areas, as selected by the individual student.Students must decide whether they wish to pursue the fundamental certificate or one of the advanced certificates since they may not receive both. An advanced certificate is earned by taking two courses in the area of specialization in addition to the five courses required for the fundamental certificate.Students with minimal experience or no formal training are advised to take Finance for Nonfinance Professionals/FINA1-CE9642 and/or Finance Math/Statistics: A Skill Enhancement and Review Course/FINA1-CE9151 either simultaneously or in advance of taking the f irst course in this program.

CERTIFICATE IN PORTFOLIO MANAGEMENT, CORE COURSES


Introduction to the Markets/FINA1-CE9000 (page 14)Fundamentals of Securities Analysis/FINA1-CE9005 (page 14)Fundamentals of Portfolio Management/FINA1-CE9001 (page 14)Intermarket Analysis and Investment Strategy/FINA1-CE9040 (page 14)Fundamentals of Financial Risk Management/FINA1-CE9208 (page 8)

ADVANCED CERTIFICATE IN PORTFOLIO MANAGEMENT, EQUITY OR REAL ESTATE (Choose two)

Advanced Concepts in Technical Analysis/FINA1-CE9041 (2012)Advanced Portfolio Management/FINA1-CE9008 (page 14)Applied Technical Analysis/FINA1-CE9125 (page 9)Behavioral Economics and Finance Theory/FINA1-CE9154 (page 2)Exchange Traded Funds: A New Investment Vehicle/FINA1-CE9374 (page 14)Intermediate Securities Analysis/FINA1-CE9007 (2012)Investment Strategies/ FINA1-CE9003 (2012)Mutual Fund Investing/FINA1-CE9019 (this page)Real Estate Financial Analysis I/REFI1-CE9351

Real Estate Investment Analysis: Analyzing the Deal/REFI1-CE9361Survey of Alternative Investments/FINA1-CE9130 (this page)Trends in Private Equity: How Changing U.S. Population Demographics Impact the Alternative Investment Industry/FINA1-CE9033 (2012)Value Investing/ FINA1-CE9009 (this page)

ADVANCED CERTIFICATE IN PORTFOLIO MANAGEMENT, FIXED INCOME (Choose two)

CDO Basics/ FINA1-CE9133 (2012)Core Concepts in Asset Securitization/FINA1-CE9162 (page 8)Demystifying Derivatives/FINA1-CE9227 (page 5)Fixed Income Portfolio Management/FINA1-CE9015 (this page)Fixed-Income Securities/FINA1-CE9104 (this page)Global Investing/ FINA1-CE9025 (page 11)Hedge Fund Strategies/FINA1-CE9209 (page 10)Introduction to Hedge Funds/FINA1-CE9203 (page 10)The Options Market and Trading Strategies/FINA1-CE9120 (page 10)Pricing Options/ FINA1-CE9246 (2012)Using Financial Data Services/FINA1-CE9684 (2012)




NEW

Information sessions include discussions about industry news and career opportunities, presentations on curricula, and a chance to ask questions of faculty members and staff. No RSVP is required, but please be punctual. For more information, call (212) 998-7200.

INFORMATION SESSIONFinanceThursday, 6–8 p.m., September 1NYU Midtown Center11 West 42nd Street, 4th Floor

GENERAL INFORMATION

Certificate Programs: Requirements and Benefits

NYU-SCPS certificate programs provide knowledge and essential skills in specific fields and are taught by highly qualified faculty with in-depth experience in their subject areas. Certificates are comprised of courses that do not carry credit and are not state-reviewed.

To receive an official certificate, students must declare their candidacy before the start of the fourth certificate course for which they enroll. Certificate candidacy entitles students to important benefits detailed on this page. To apply for certificate candidacy, use the Application for Certificate Candidacy on page 187. There is a non-refundable one-time $100 application fee.

Students are welcome to take as many individual courses from a certificate pro-gram as they wish but will not receive an official certificate or be eligible for the benefits detailed below unless they apply for candidacy. Undeclared students may request a transcript showing course com-pletion and grades, but that transcript will not indicate certificate completion. Certificate Requirements • NYU student photo ID, which confers

the following privileges while students are enrolled in course(s) applicable to the certificate:

° Access to NYU Libraries. ° NYU Computer Store educational

discount pricing. ° Access to the Kimmel Center for

University Life.• Invitations to NYU-SCPS events.• Invitations to career workshops and

related resources. • Upon completion of certificate program,

$100 discount voucher toward an NYU-SCPS course (valid for one year).

Certificate Requirements • Certificate declaration is required before

the start of the fourth applicable course. A one-time, nonrefundable, $100 appli-cation fee is required.

• Students have up to four years to com-plete a certificate from initial date of registration.

• An official certificate is available upon completion of all courses if an overall B average or above is maintained and candidacy has been declared. Students must request their certificate online at scps.nyu.edu/certificate.

• Certificate candidacy may be revoked if academic performance is not maintained.

• The NYU-SCPS transcript of declared can-didates will identify certificate completion.

• Certificate candidacy may be revoked if student conduct policies are not adhered to.

• There is a one-time $5 fee for the NYU student photo ID card. The card is active for the entire semester in which a regis-tered student is enrolled in an approved certificate course and is deactivated when the student is not enrolled in an applicable course.

• Students must satisfy the certificate pro-gram requirements listed in the Bulletin published for the term in which they register for the first course toward the certificate.

• Program administrators may authorize in

writing substitutions of specified courses in individual situations (maximum of one substitution for a four-course certificate; two substitutions for a certificate requir-ing five or more courses).

• Regular class attendance is required in order for a course to be applied toward a certificate program.

• Students may complete more than one certificate in a given term but, for admin-istrative purposes, each certificate will be issued and dated in separate terms.

• Courses taken at NYU-SCPS may be applied to fulfilling the requirements of only one certificate program. No transfer work or waiver of the total number of courses required is permitted.

• The name printed on the certificate will match the name on the student’s NYU transcript.

• Certificates offered through the International Institute for Learning (IIL) and the Dalton Education certifi-cate program in financial planning do not require declaration.

• Approval for exception to any of the above requirements must be obtained in ad-vance in writing from the program office.Certificates are highlighted throughout

this Bulletin in their respective subject areas, where the specific requirements and course sequences are outlined.

A comprehensive alphabetical listing of all certificate programs can be found in the Bulletin index.Note: Departments may es tablish more stringent requirements for their programs. Check individual listings for details.

ID Cards

NYU-SCPS students enrolled in degree or diploma programs and declared profes-sional certificate candidates are issued NYU photo ID cards. Students enrolled in courses, seminars, and conferences, or with undeclared status in a certificate program, are issued a Building Access Pass that provides access to classroom buildings.

Replacements for lost NYU photo ID cards can be obtained at the NYU Card Center, 383 Lafayette St. One piece of photo ID is required to get a replacement card. The fees for replacements are $15 for the first replacement; $50 for the second; and $75 for the third.

Information Services

The NYU-SCPS information line, (212) 998-7200, is open Mon.–Thurs., 9 a.m.–7 p.m.; Fri., 9 a.m.–5 p.m. We are available to answer inquiries about the School and its programs. If you would like to be added to our mailing list for future Bulletins, call (212) 998-7200.

You may also obtain schoolwide general information or request a Bulletin on our website at scps.nyu.edu, or by e-mailing your name and address to [email protected].

Noncredit Changes, Withdrawals, and Refunds

Additions (added courses) to your non- degree program may be made by telephone, fax, mail, online, or in person.

Program changes (drop/adds) may be made via the Web, in person, or by fax.Withdrawals. Students who wish to withdraw from, or for any reason find it impossible to complete, a noncredit course should officially withdraw. Requests to withdraw (drops only) from noncredit courses can be made online anytime at scps.nyu.edu/drop; up until one day before the course start date via ALBERT, the NYU student information services website; by mail, Office of Noncredit Student Services, NYU School of Continuing and Profess ional Studies, P.O. Box 1206, Stuyvesant Station, New York, NY 10009-9988; by fax, (212) 995-3060; or in person, 7 East 12th Street, 1st Floor..

Ceasing to attend a class does not con-stitute official withdrawal, nor does no-tification to the instructor. Cancellation of payment does not constitute withdrawal, nor does it reduce indebtedness to the University; in this case, a penalty of $25 for late pay-ment and $10 for stop-payment (subject to change without notice) must be charged. Students of any other NYU school must withdraw from NYU-SCPS courses through NYU-SCPS.Refund Policy. Refunds are computed based on the date and time the written or electronic notice of withdrawal is received by the Office of Noncredit Student Services. In addition, refunds for noncredit courses and seminars are based on the number of class sessions for the course that have met between the time of registration and with-drawal. Course withdrawal does not neces-sarily entitle a student to a refund—nor to a cancellation of tuition still due. The refund schedule is as follows: For noncredit courses (containing the designation “CE”) and seminars (containing the designation “CS”):1. Student withdraws prior to the first

session—100 percent refund.2. For courses with six or more ses-

sions—75 percent refund if the student withdraws before the third scheduled session. No refund thereafter.

3. For courses with four or five ses-sions—60 percent refund if the student withdraws before the third scheduled session. No refund thereafter.

4. For courses with one to three sessions—no refund is given after the first sched-uled session.

For conferences (prefix “SCPS”): Procedures and policies for refunds vary by department.For online courses: Refunds for online courses are calculated differently from on-site courses. Students are eligible for a 100 percent tuition refund if they with-draw from the course before the official start date. Students are eligible for a 60 percent tuition refund if they withdraw

from the course before having logged into the course four times or within the first two weeks of the course. After the fourth login, or the second week, students are not eligible to receive any tuition refund for courses taken through NYU-SCPS.

Noncredit Registration Fees

For noncredit courses that contain the designation “CE” or “CS,” the registration fee is either $10 or $20, depending on the total cost of the course or courses for which you apply. If the total of your tuition is $99 or less, your registration fee is $10. If the total of your tuition is $100 or more, the fee is $20. The maximum $20 registration fee is pay able only once each semester, no matter how many times you add courses. Regis tration fees are nonrefundable. Note: This fee schedule does not apply to programs requiring Credit Registration.

R E G I S T R A T I O N F O R M

USE THIS FORM TO REGISTER. REGISTER EARLY FOR THE BEST SELECTION OF COURSES:WEBYou can register for courses online at scps.nyu.edu. Online registration requires payment by credit card. Consult the inside front cover of this Bulletin for complete information.

MAIL OR FAX1 Use the Registration Form to register for noncredit courses with course numbers that contain the designation

“CE” and for seminars that contain the designation “CS.” Do not use this form to register for credit courses (courses that contain the designation “DC” or “GC”), conferences (prefix “SCPS”), or courses in the American Language Institute (ESL courses).

2 Find the course(s) you want to register for and note: • Course title • Course number and section • Days and hours of the course • Course fee

Transfer this information to the registration form.

3 Type or write clearly and make sure you copy your credit card information accurately. Mistakes can delay your registration.

4 Be sure to include your phone number and e-mail address so that we may contact you if there are any questions.

5 Place the registration form in the postage-paid envelope provided or fax the form to (212) 995-3060.

TELEPHONE1 For your convenience and to have a written record for yourself, fill out the course information section of

the registration form before you call.

2 Have your credit card handy.

3 Note the code in the upper right corner of the registration form; the registration operator will ask you for it.

4 Call (212) 998-7150 if you know the course you would like to take. If you have questions about course curriculum, a certificate, or your registration, please call (212) 998-7200.

HERE ARE ANSWERS TO SOME COMMONLY ASKED QUESTIONS:WHAT INFORMATION DO I NEED TO REGISTER BY PHONE?• Course title, course number, and course section.• Your mailing address, e-mail address, and telephone number.• Your credit card (Visa®, MasterCard®, American Express®, or Discover® card).

WHAT ABOUT LATE FEES?There are no late fees for noncredit courses. But remember to register early for best course selection and availability.

HOW DO I DROP OR ADD COURSES?You may drop a course by mail or in person (7 East 12th Street, 1st Floor, New York, NY 10003); online anytime at scps.nyu.edu/drop; and up until one day before the course start date via ALBERT, the NYU student information services website (instructions for accessing ALBERT are sent upon registration); or by fax (212-995-3060). Please consult our refund policy in the Registration section of this Bulletin for drops made after the start of class. You may add a course online or in person.

MAY I USE A COMPANY VOUCHER TO PAY FOR MY CLASS?Yes, as long as your company does not qualify payment based upon completion of coursework with a passing grade. We accept purchase orders, vouchers, and letters of authorization as payment for tuition in credit and noncredit courses. Please send the voucher with your registration.

WHERE CAN I LEARN ABOUT NEW PROFESSIONAL CERTIFICATE DECLARATION REQUIREMENTS?Our professional certificate programs include new requirements and benefits. Students intending to pursue a certificate must declare their candidacy. For details, visit scps.nyu.edu/certificate.

CAN I CONTACT NYU WITH QUESTIONS BEFORE I REGISTER?Yes. If you need more information or have questions about a course or certificate, we are available via e-mail at [email protected], or by phone (see the General Information section of the Bulletin for contact information).

Registration, Fall Term, 2011. MAIL TO: SCPS Noncredit Student Services, New York University, PO Box 1206, Stuyvesant Station, New York, NY 10009-9988. Mail registrations are accepted throughout the semester for late-starting courses; mail registrations must be postmarked two weeks before the course start date. REGISTER EARLY FOR BEST COURSE SELECTION.

PRIORITY CODEB20

TUITION + REGISTRATION FEE=TOTAL

COURSE/SEMINAR NUMBER I ENCLOSE CHECK OR MONEY ORDER FOR TOTAL SHOWN I HEREBY AUTHORIZE USE OF MY CREDIT CARD

SIGNATURE ��

NO. ��

Discover® CARD MASTERCARD® VISA® AMERICAN EXPRESS® EXPIRES �� MONTH YEAR

SECTION NUMBER TITLE OF COURSE/SEMINAR (ABBREVIATE) TUITION AND FEES DAYS HOURS

Please answer these optional questions about your place of business if you wish to be kept informed of corporate and free events.YOUR NAME ��

YOUR TITLE ��

YOUR DIVISION OR DEPARTMENT ��

COMPANY NAME ��

COMPANY ADDRESS ��

CITY �� STATE �� ZIP��

DAYTIME TELEPHONE NUMBER ( ) ��

E-MAIL ��

TYPE OF BUSINESS �� NUMBER OF EMPLOYEES ��

DOES YOUR COMPANY OFFER TUITION REIMBURSEMENT? ��

FULL PARTIAL CHECK ANY RESTRICTIONS THAT APPLY:

MUST BE JOB-RELATED CREDIT ONLY OTHER ��

PRINT NAME (LAST) (FIRST) (MIDDLE INITIAL)

MR. MS. ��

HOME ADDRESS (STREET) �� APT. NO. ��

CITY �� STATE �� ZIP ��

E-MAIL ��

HOME TELEPHONE ( ) �� WORK TELEPHONE ( ) ��

Note: Please provide an e-mail address and/or telephone number so that NYU-SCPS can notify you regarding room location or class changes.

Check this box if you do not want your e-mail address or telephone number to be used for marketing purposes.

NYU STUDENT ID NO. BIRTH DATE FIRST ATTENDANCE AT NYU-SCPS?

YES NO

N IF NO, DATE LAST ATTENDED

HIGHEST EDUCATIONAL LEVEL (CHECK ONE)

HIGH SCHOOL ATTENDED COLLEGE FOUR-YEAR COLLEGE GRADUATE GRADUATE STUDIES

COUNTRY OF CITIZENSHIP U.S. OTHER (PLEASE SPECIFY) ��

DO YOU PLAN TO PURSUE A PROFESSIONAL CERTIFICATE? YES NO FOR NEW CERTIFICATE REQUIREMENTS AND BENEFITS, VISIT SCPS.NYU.EDU/CERTIFICATE.

WHAT CERTIFICATE ARE YOU PLANNING TO PURSUE?��

*Registration fees: $10 on $99 total tuition, $20 on totals of $100 and above (regardless of number of courses for which you are registering).

NONREFUNDABLE REGISTRATION FEE (see below to calculate)*

Scps Finance

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