Vanderbilt MS Finance 2015 Viewbook

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Your FaSt track to a career in Finance.

Master of Science in Finance

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Credit Suisse Deutsche Bank Goldman Sachs Morgan Stanley Raymond James

Just a few of the firms that hire Vanderbilt

MS Finance students.

Vanderbilt MS Finance

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This nine-month program can open the door to a wide array of career possibilities in corporate finance, investment banking, sales and trading, asset management, real estate, consulting, investment research and more. You’ll learn from the faculty in Vanderbilt’s world-renowned, industry-shaping finance department. And you’ll reap the rewards of a rigorous yet flexible curriculum that allows you to tailor your studies with MBA-level electives. Some of the benefits of the Vanderbilt MS Finance program include:

n One-on-one career coaching and interview preparationn Small, diverse cohort that offers close relationships with classmates

and professorsn Designing a curriculum based on your interests and backgroundn A global network of Vanderbilt finance alumni n On-campus company information sessions and recruitingn Hands-on leadership development program

Jump start a rewarding career.In just nine months.

Program length Nine months, full-time

Designed for Recent college graduates with strong analytical skills and a quantitative aptitude.

Class profile* Class size—41 Age—24 Undergraduate GPA—3.58 GMAT—700 Women—26% Foreign Nationals—35%

Firms that hire Bank of America Merrill Lynch, BlackRock, Bridgewater Associates, Capital One, Credit Suisse, Deutsche Bank,

Exxon Mobil, Goldman Sachs, Jeffries, JPMorgan, Microsoft, Morgan Stanley, Raymond James, Robert W. Baird, SunTrust Robinson Humphrey, Wells Fargo

50%

The percentage of your coursework that is

customized with electives.

9:1Approximate ratio of

Vanderbilt Business students to faculty. Our programs are

small by design.

* Multi-year average

98%

The percentage of students from the class of 2014 who accepted a job offer within

90 days of graduation.

owen.vanderbilt.edu/msfinance

502

Vanderbilt’s Finance faculty aren’t just world-class. They’re world-renowned.

One literally changed the way NASDAQ does business. Another created the “Fear Index” (VIX) for the Chicago Board Options Exchange (CBOE) to measure market volatility. One served as Chief Economist and Director of the SEC’s Division of Economic and Risk Analysis.

Yet another is one of the foremost experts on hedge funds. Well, you get the picture.

Along with Wall Street, recruiters have also taken note of Vanderbilt’s Finance department. As a result, we have a strong history of placing students with the world’s top financial services institutions.

Please take note of our Finance department. Wall Street already does.

1.027billionThe total amount paid in settlements after

Vanderbilt Finance Professor Bill Christie helped uncover a collusion scheme among NASDAQ traders

that was shortchanging investors.

$

Professor Bill Christie

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Professor Craig Lewis

Professor Robert Whaley

Former Chief Economist for the U.S. Securities and Exchange Commission

The post that Vanderbilt Finance Professor Craig Lewis was tapped to fill by former SEC chairman Mary Schapiro from 2011 to 2014. Lewis, a widely published researcher,

has played an instrumental role in helping the SEC implement the detailed regulations that accompany a sweeping

set of financial reforms passed by Congress in 2010. Now he’s back at Owen pioneering research that searches keywords in regulatory filings to help flag potential fraud.

5The number of suspicious patterns Vanderbilt Professor Nick Bollen has identified in fund returns to detect the kind of investment fraud perpetrated by people like Bernard Madoff.

4The number of Nobel

Laureates who have attended the Vanderbilt Financial Markets Research Center (FMRC) conference over

the past five years.Professor Nick Bollen


The highest closing on record in the last two decades of the CBOE’s Market Volatility Index (VIX), a critical gauge to measure the “fear” sentiment

among investors. The index was developed by Vanderbilt Finance Professor Robert Whaley and closed at its peak on November 20, 2008, two months

after Lehman Brothers filed for bankruptcy.

80.86Source: CBOE

Q: Where can an MS Finance take you? A: Where do you want to go?

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Investment BankingHelp bank client corporations acquire capital by creating and issuing debt and equity securities, and play a key role in facilitating company financial reorganizations, mergers or acquisitions. Investment ResearchResearch and analyze company financials and economic trends, and produce reports or financial models used by bank clients or by an investment firm to make investment portfolio decisions. Private Wealth ManagementBuild a base of clients with high net worth and provide personalized, comprehensive financial planning, including investment strategies and risk management.

Real Estate FinanceImpact real estate investment decisions, such as helping a firm discover, purchase, develop or sell a building or property.

Corporate FinanceEnsure the financial well-being of a specific company by measuring, forecasting and reporting company financial information, creating and running financial models used in making investment decisions, studying possible acquisitions, producing financial statements, developing a capital spending program and more.

Advisory Services & ConsultingProvide expert advice and support to client companies, such as determining the value of assets, or produce financial analysis used during corporate litigation.

There isn’t just one great career path with this degree. You’ll find a range of opportunities open to you, depending on your goals and interests:

Q: Where can an MS Finance take you? A: Where do you want to go?

05 owen.vanderbilt.edu/msfinance05

kellY SMithVanderbilt MS Finance | 2013

Private Investment Team Analyst

UNC Management CompanyRaleigh Durham

SaM GilleSpieVanderbilt MS Finance | 2013

Private Banking AnalystJ.P. MorganNew York

lubaina balaSinorwala

Vanderbilt MS Finance | 2012AnalystKPMG

Atlanta

thoMaS SiGleVanderbilt MS Finance | 2014

Banking AnalystSun Trust Robinson Humphrey

San Francisco


“This is a very special opportunity. Owen has a unique culture where

the faculty are interested and dedicated

to investing in you.”

“The courses are designed to help people from all

educational backgrounds learn about finance and succeed in the program.”

“I’m leaving Owen a completely different person

than when I came in. I’ve learned more than I can ever imagine learning—I passed

the first level of the CFA and I have my dream job.”

“The MSF program allowed me to open up the job

market and get into some different areas that I wouldn’t have been able

to reach coming out of undergrad.”

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Get an edGe in GettinG a job.

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Get an edGe inThroughout the nine-month program, you’ll benefit from a wide array of training and resources at Vanderbilt, all focused on your goal: landing a great job after graduation.

Most notably, you’ll receive invaluable one-on-one training with our dedicated career coach, who will help you become more aware of your skills, attributes and interests. Explore various finance-related career paths. Develop a career focus, goals and a specific personal plan. Identify and engage companies you’d like to work for. Become a more savvy networker. Craft your personal story. Hone your interviewing and negotiating skills. Gain access to some of the world’s most prestigious companies through our alumni network and on-campus interviewing.

Among the other ways we help you launch your career:n Courses in professional and career development

and communicationsn Peer coaching from second-year Vanderbilt MBAs

concentrating in Financen A “Wall Street Trek” to some of the world’s leading

financial firmsn Investment banking and corporate finance

academies through the Owen Finance Clubn Alumni networking eventsn Mock interview training with alumni in target

industriesn Industry-leading case interview prepn Career development workshopsn On-campus recruiting opportunitiesn Vanderbilt’s online career resourcesn Leadership Development Program

GettinG a job.


Owen altered my mindset from “I need to get a job” to “how can I align my skills and passions” and encouraged me to form mutually beneficial relationships instead of just networking. This change to my job search made all the difference.

Joshua Simmons (MSF ’14)Asset Based Lending AnalystSunTrust Robinson Humphrey

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7:00 AM Wake up, get ready for class (which, fortunately, is right across the street from my apartment).

8:00 AMFinancial Economics II with Professor Nick Bollen to learn

about capital allocation between risky and risk-free assets.

9:30 AMHead home (since it’s so close) and grab a quick breakfast.

10:15 AM Return to Owen to work

on networking and landing a job—emailing alumni, scheduling informational interviews, researching companies as potential employers.

11:20 AMFinancial Modeling class with Professor Kate Barraclough. Today we are learning to use simulations to evaluate investment projects.

12:50 PMBreak for lunch with friends, most often at

Chipotle, Subway or Ken’s for sushi.

2:00 PMEconometrics class with Professor Cliff Ball. We are continuing our study on volatility models.

3:30 PMTime for homework or sometimes an informational interview or working on a team project, depending on the day. Most of our classes have team projects, with a new one due each week

One Dayin the Life: Michael Reilly

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and a big project at the end of the Mod.

5:00 PMHead downtown with some classmates for dinner and a Predators game. I was goaltender in college at Cortland State. I’m a big NY Rangers fan but now will forever have a soft spot for Nashville.

10:00 PMFinish up any homework and go to bed.

Michael Reilly grew up in New York and interned at Nissan North America before starting the MS Finance program at Vanderbilt. Enjoying his time in the South, he decided to stay, accepting an investment banking position after graduation with Stephens, Inc., in Little Rock. Here’s how he describes a typical day during the busiest time of the program’s nine months.


For more examples of typical days in the life visit owen.vanderbilt.edu/msfinance

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Get riGor. without riGiditY.

You’ll get a solid grounding with core curriculum, along with the opportunity to tailor your studies to your own needs and interests. Choose the courses that are the best fit for you (including many from our highly ranked MBA program). Here, more than half your courses will be electives.

Things you will study (required for all MS Finance students)Financial economics EconometricsAccountingFinancial modeling Corporate valuationDerivatives markets

Finance courses you may study (choose at least four)Corporate financial policyInternational financial markets & instrumentsEquities marketsBond markets Hedge fundsFinancial institutionsMergers & acquisitions Venture capital/private equityRisk managementFinancial data analysis Derivative securities valuationActive portfolio management Corporate restructuring Federal income taxation of mergers & acquisitions Corporate restructuring for distressed firms

Other business electives you may takeBusiness in the world economy Managerial economics Financial reporting Taxation of business & transactions Advanced management accounting Financial analysis of environmental, social & governmental issues Corporate strategies for environmental, social & governmental issues Game theory & business strategy Real estate financial analysis Real estate developmentReal estate finance & capital markets Property law for business students Commercial real estate transactions NegotiationEthics in businessAdvanced financial reporting & analysisTaxation of corporations & shareholdersIntroduction to law & business Advanced spreadsheets for IT applications Financial statement analysis

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Get riGor. without riGiditY.

Professor David Parsley

Professor Cliff Ball

Professor Kate Barraclough


MS Finance Curriculum at a Glance

(x) = credit hours

* Students with prior accounting classes may substitute Financial Reporting (411) for Introduction to Accounting (311) with approval of the Faculty Director.

Accounting* (2) Derivatives Markets (2)

Elective Elective

Financial Modeling (2)

Elective Elective Elective

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Prof

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Dev

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Com

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(1)

Com

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Fall

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Module 1 Module 2 Module 3 Module 4

FALL SPRING

Financial Economics II (2)

Corporate Value Management (2)

Elective Elective

Econometrics I (2) Econometrics II (2) Elective Elective

Professor Kimberly Pace

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MS Finance Profile Class of 2015Class Size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44Women . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23%Undergraduate GPA Average . . . . . . . . . . . . . . . . . . . .3.45Average GMAT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 679*Foreign Nationals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20%Minorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12%* GRE accepted as well

Partial List of Undergrad Institutions n The George Washington

Universityn Furman Universityn Northwestern Universityn Michigan State Universityn Tufts University

n Tulane Universityn The Ohio State Universityn University of Virginian Villanova Universityn University of Alabaman Vanderbilt University

All Vanderbilt Business students have one thing in common: They’re different. But while there’s no risk that we’ll ever reduce students to statistics and averages, here are a few figures that will give you a picture of who your classmates might be.

Partial List of Undergraduate Majorsn Economicsn Applied Mathematicsn Accountingn American Government

n Journalism & Mass Communication

n Business Engineering

Application Deadline to Decision Deposit Round Apply Deadline Deadline

Early Oct. 30, 2014 Dec. 19, 2014 Jan. 15, 2015

1 Dec. 17, 2014 Jan. 23, 2015 Feb. 19, 2015

2 Jan. 15, 2015 Mar. 20, 2015 Apr. 21, 2015

3* Mar. 10, 2015 Apr. 24, 2015 May 20, 2015

4* May 13, 2015 June 5, 2015 June 15, 2015

*Limited to US Citizens, Permanent Residents or International students with four-year U.S. undergraduate degrees.

Applications are accepted and reviewed after the 4th round on a rolling basis.

We encourage you to apply as early as possible in the admissions cycle.

claSS proFile

application deadlineS

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adMiSSionS requireMentSSuccessful candidates will have strong academic performance in prior university studies, with significant proven quantitative experience and aptitude. They will be able to demonstrate both teamwork and leadership during their undergrad experiences as well as relevant internships. To be considered, all applicants will provide the following:

n Online applicationn Undergraduate transcript (and graduate transcript, if applicable)n GMAT or GRE score (you may submit your application prior to taking the exam)n Essaysn Two letters of recommendationn Resumen Interview (by invitation only)

InterviewsSelect applicants are invited to interview with a member of the Admissions team in person or by video call. In some instances, a second interview may be required. Candidates may be granted an interview during Open Houses and Campus Visits. Interviews are limited and candidates should register early.

For applicants from outside the U.S. International applicants benefit from being able to show familiarity with the culture and business practices of the United States that may include internships or undergraduate work. In addition, these students will require proof of English-language proficiency such as TOEFL.

Prerequisites:Students must have completed a semester in statistics and two semesters of calculus or linear algebra from an accredited school, with a grade of B or better. Additional prerequisites may be required on a case-by-case basis. Students may be admitted to the program before these requirements are met. Candidates who do not have the requisite math or statistics class are still encouraged to apply. In these cases, candidates may be required to complete an online course in calculus or statistics.

Fall Open HousesOpen houses allow visitors to learn more about the program and interact with current students, faculty and staff. The day will include lunch with current students, a visit to class and an overview of program resources. Applicants may request an in-person interview.

n Monday, October 27, 2014n Monday, December 8, 2014

Campus Visits Spring campus visits begin on a Sunday evening and allow visitors to spend time with our community members, attend class and participate in an in-depth career management discussion.

n January 25-26, 2015n March 15-16, 2015n April 12-13, 2015

Welcome WeekendWelcome Weekend is your time to celebrate with your new classmates. By invitation, admitted applicants enjoy a welcome reception and meetings with students, faculty, deans, Admissions and Career Management team members, plus a tour of Nashville’s great nightlife.

n April 17-18, 2015

adMiSSionS eVentS

tuition andFinancial aid


Estimated ExpensesTuition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 47,950Books/Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 1,842Rent/Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 9,918Meals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 3,986Personal* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 5,770Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 1,994Loan Fees** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 1,296

* Includes allowance for the University Health Insurance Fee and for the Activity/ Recreation Center Fee (projected).** Average loan fees incurred by similarly classified borrowers during the previous academic year.

Merit-based scholarships may be awarded based on

achievement and potential.

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Master of Science in Finance

©2014 Vanderbilt and the Vanderbilt logo are registered trademarks and service marks of Vanderbilt University. REV. 12/14Vanderbilt University is committed to principles of equal opportunity and affirmative action. Visit owen.vanderbilt.edu for Vanderbilt University’s complete EEO and affirmative action statement.

Vanderbilt UniversityOwen Graduate School of Management401 21st Avenue SouthNashville, TN 37203-2422

Telephone: 615.322.6469 Fax: 615.343.1175Email: [email protected]: owen.vanderbilt.edu/msfinanceHours: 8:00 AM – 5:00 PM, US Central Time

We’re a different type of business school.We’re competitive, not cutthroat.We lead with ideas, not egos.We have a name in Finance you can bank on.

Vanderbilt MS Finance 2015 Viewbook

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