MS in Investment Management


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MS in Investment Management

  1. 1. MS in Investment Management Master’s Degree CFA® Program Partner 17 Months/Part-Time Photo used with permission of NYSE Boston University School of Management Fusing the ART, SCIENCE, and TECHNOLOGY of Business.®
  2. 2. Master of Science in Investment Management Invest in Yourself. If your plan—your personal business subtleties of equity analysis and the softer plan—is to make a mark in the investment skills of creative thinking, teamwork, and field, we have the program you need to communicating your recommendations. Plus succeed. you’ll master statistics, learn how to model The Boston University MS in Investment financial data, and hear from more than a Management (MSIM) program is designed dozen investment managers who manage by finance faculty and investment profes- money worldwide. sionals who understand advanced financial Working with real data, real companies, techniques and their real-world application and real money (in our Student Investment in investment management. Our professors Fund), you’ll experience the day-to-day are experienced in developing the science of researching, fact-checking, and decision- investment technology and applying the art making investment professionals find so of investment strategy. rewarding. Most importantly, you’ll graduate The MSIM program gives you a broad with a well-earned sense of confidence and understanding of financial markets, teaches familiarity with the investment world. you techniques for evaluating securities in depth, and provides opportunities for craft- ing advanced investment strategies. Much of If your plan is to set your coursework will be anchored in metrics, yourself apart from the teaching you how to find the facts and quan- competition, plan on a tify their importance, but you’ll also learn the Boston University MSIM. 2 l
  3. 3. M S IM FA C U LT Y DIR EC T OR scott stewart “Investment management is a great business. The stakes are high, the com- petition keen, and it’s a lot of fun when you’re successful! The MSIM program was developed to really move your ca- reer ahead in investment management, and we’re thrilled that many of our graduates have taken advantage of the opportunities offered by this degree.” –Professor Scott Stewart, CFA Scott joined Boston University in 2001 after a 16-year fund management career that included founding and leading a $45 billion global investment team at Fidelity Investments. A PhD graduate of Cornell University, Scott remains active in the markets and conducts academic research on institutional investors, financial technology, and investment management. He teaches the two MSIM portfolio management courses and leads equity research training. “Every day I work as an investment analyst, supporting five portfolio managers together man- aging $100 billion in asset allocation funds. It’s an amazing experience working with this group of high-caliber professionals. I wouldn’t have this job if I hadn’t completed the MSIM program.” –Jacqueline Ly, MSIM ‘02 l 3
  4. 4. Closely Connected to the Investment Business. Our MSIM program maintains an active part- nership with industry experts who participate as members of the MSIM Advisory Board. The Board consults on curriculum, career management, and the investment fund. Scott A. Bobek, CFA Senior Vice President Morgan Stanley Thomas D. Callahan, CFA, MSIM ’01 Vice President and Portfolio Specialist Wellington Management Douglas C. Chamberlain, CFA President and CEO Appleton Partners Robert J. Haber Chief Investment Officer-Canada Fidelity Investments Jeffrey Heisler, CFA Senior Analyst Gottex Fund Management Timothy Krochuk Managing Director GRT Capital Partners Richard Leibovitch Senior Managing Director and Senior Investment Partner Gottex Fund Management Christopher D. Piros, CFA Vice President Prudential Investments “I work closely with six equity portfolio managers, Arnold S. Wood who together are responsible for managing $5 billion. President and CEO Each day I assist them in the construction and trading of Martingale Asset Management their portfolios. We’re constantly looking for opportunities to extract value from stocks we find attractive. My MSIM degree was a key factor in acquiring this position.” –Jonathan Bridges, MSIM ‘01 4 l
  5. 5. Real-World Learning: The Student Moving Your Career Ahead: Investment Portfolio. The Reason You Seek the MSIM Degree. The MSIM Program delivers 12 months of intensive training in re- Skills learned in the MSIM program are a stepping search and portfolio management. stone to career advancement. Recent positions held As an MSIM student, you will re- include: ceive hands-on learning by delving into real companies and determin- • Assistant portfolio manager at a large investment company ing if your stocks are appropriate • Credit analyst at a Wall Street firm for inclusion in the School’s stu- • Institutional equity salesperson at a sell-side firm dent fund. The performance of your • Portfolio manager at a private investment company recommendations will impact live • Research analyst at a hedge fund money as well as a portion of your • Performance analyst manager at a mutual fund company grade. And it all reflects the kind • Equity analyst at an independent research firm of responsibility you’ll face every • Trader at a high-net-worth investment firm day in the real world of investment • Client relationship officer at an investment company management, at the same time giv- • Investment analyst at a private foundation ing you the tools you’ll need to rise • Director of quantitative research at a trading firm to the challenge, including training • Director of investments at a private investment company in BARRA, Bloomberg, Mergent • Financial analyst at a national stock exchange Online, Capital IQ, Investext Plus, • Market analyst at a mutual fund company FactSet, and a proprietary website • Financial planner at a financial advisory firm supporting communication of re- • Credit analyst at an institutional investment company search and analysis. • High-yield analyst at an insurance company PORTFOLIO INVESTMENT MIX The School of Management’s Feld Career Center 80 60 provides counseling and seminars, resume critiques, 40 mock interviews, and company research resources. It 20 also offers online resume listing and recruiter matching 0 STOCKS DERIVATIVES CASH services. And, since, the investment business is unique and its members diverse, we offer an MSIM-specific alumni career network to provide guidance to students and fellow alumni. l 5
  6. 6. The First Graduate Program in the US to be Named a CFA® Program Partner. The Chartered Financial Analyst (CFA®) pursuing the CFA Charter through effective certification is a professional designation course coverage of the intellectual content awarded by the CFA Institute and recog- of the Body of Knowledge and an optional, nized by the professional investment com- rigorous preparatory CFA Coach Program. munity as a valuable aid in making hiring With the MSIM equity fund experience, and promotion decisions. As a CFA Program portfolio management case studies, and Partner, Boston University is formally CFA curriculum, the investment community recognized as providing comprehensive will benefit from your special commitment coverage of the CFA Body of Knowledge™. to the investment business. You can’t get Students who wish to pursue CFA certifica- this education in a general MBA or MSF tion prepare to take the CFA Level I exam program. after their first or third semester, Level II the following spring, and Level 111 the year fol- lowing graduation. MSIM supports students A SSOCIATE PR O FES S O R don smith “The finance faculty here all bring their research and consulting expe- riences right into the classroom. So our students are exposed to cutting- edge ideas every day.” –Professor Don Smith 6 l
  7. 7. MSIM Coursework and Faculty. All students follow the exact same curriculum and sequence, which al- lows the formation of study groups and ensures the development of a close, professional network. Two examples of the coursework follow. Equity Analysis: MSIM students have called this one of the most An Efficient Part-Time, challenging, frustrating, and reward- ing courses in the program. Much 17-month Course Schedule. like an investment research depart- ment, this course requires students • Classes begin in January and finish in May the next year to complete an in-depth “industry • Classes meet Tuesday evenings weekly and alternate review,” documenting fundamental Saturdays trends and valuation drivers, before • Two full-time residence weeks begin and end the program tackling a detailed stock analysis. Investment Product Design and • MSIM is tailored for the working professional Management: This case-oriented - Books, parking, and materials are all provided course requires students to solve - A small cohort moves through the program together multi-faceted investment problems using their MSIM skill set. Inspiring MSIM CURRICULUM the development of a forthcoming textbook by faculty director Scott First Residence Week and Spring Semester Stewart and advisory board mem- Micro and Macro Economics bers Chris Piros and Jeff Heisler, Statistical and Quantitative Financial Methods this course introduces students to Accounting and Financial Statement Analysis the complexity of effectively apply- Introduction to Financial Management ing advanced techniques to real in- CFA Level I Exam* vestment situations. Summer Semester Fall Semester Equity Analysis Fixed Income Investing Corporate Finance Derivative Instruments CFA Level I Exam* Second Residence Week and Spring Semester Investment Product Design and Management Risk Management Techniques Advanced Topics in Investing CFA Level II Exam* *Optional l 7
  8. 8. Admission Information “The MSIM program is uniquely structured to offer students the rigor- ous analytical training necessary to What We Require. meet the challenges and opportunities Boston University’s MSIM program seeks high- of the investment industry.” achieving professionals who have meaningful work –Marshall N. Carter, Chairman, experience, strong recommendations, and excellent NYSE Board of Directors academic backgrounds. Please note that the Graduate Management Admission Test (GMAT) is required. “The breadth of knowledge and Enrollment begins in January. Please visit the analytical preparedness that an website for the latest application deadline information. MSIM graduate offers an employer is Applications are available at Applicants a powerful cornerstone for a career in investment management.” are encouraged to contact the admission staff for more information or to reserve a seat at an upcoming infor- –Douglas C. Chamberlain, mation session. President of Boston investment management firm Appleton Partners “Taking the CFA® exam really emphasized how much you learn in the first semester of the MSIM program. Having taken the exam previously, I felt I was far better prepared this time around.” Boston University School of Management –Alex Noble, student, Office of Graduate Admission MSIM class of ’09 595 Commonwealth Avenue Boston, MA 02215 (617) 353-2670 phone (617) 353-7368 fax email Boston University’s policies provide for equal opportu- nity and affirmative action in employment and admis- sion to all programs of the University. Boston Universi- ty prohibits discrimination against any individual on the basis of race, color, religion, sex, age, national origin, physical or mental disability, sexual orientation, or marital, parental, or veteran status. Courses and programs subject to change without notice.