Honours Investment Management (81 credits)

Offered by: Management     Degree: Bachelor of Commerce

Program Requirements

The B.Com. Honours Investment Management examines financial asset management, either on the buy side working with active portfolio allocation or on the sell side, working for brokerage firms. Rigorous training in accounting, statistics, and finance, including analyzing financial statements, performing company valuations, constructing efficient portfolios with appropriate risk profiles, and managing risk using dynamic trading strategies and derivative instruments.

The B.Com. Honours Investment Management is a limited enrolment program and is by application only for students entering their U2 year. A minimum CGPA of 3.3 is necessary for students to be eligible to apply. Additional information may be found at the BCom Student Affairs Office, or on our website. In order to graduate in Honours in Investment Management, students must maintain a minimum CGPA of 3.00 and maintain a minimum program GPA of 3.0. A grade of B- or better must be achieved in all courses counted toward this program. Students who do not satisfy all the requirements of the Honours program may still receive a Major in Finance, provided the major requirements have been met.

All B.Com. students take a Core curriculum in addition to the Honours program.

Required Courses (78 credits)

Management Core (36 credits)

  • ECON 295 Macroeconomic Policy (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : This applied macroeconomics course focuses on current and recurrent macroeconomic issues important in understanding the public policy environment in which firms make their decisions. Topics include national accounts; national income determination; economic growth and fluctuations; money, monetary policy and financial markets; international trade and finance.

    Terms: Fall 2019, Winter 2020

    Instructors: Mayssun El-Attar Vilalta (Winter)

    • Corequisite: MGCR 293

    • Restriction: For B.Com. students

    • Restriction: Not open to students who have taken or are taking ECON 209, ECON 330D1/D2 or ECON 352D1/D2.

    • Continuing Studies: requirement for CMA, CGA, I.C.B., the EA of AACI, and the CRA

    • Continuing Studies: not open to full-time day students

  • MGCR 211 Introduction to Financial Accounting (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : The role of financial accounting in the reporting of the financial performance of a business. The principles, components and uses of financial accounting and reporting from a user's perspective, including the recording of accounting transactions and events, the examination of the elements of financial statements, the preparation of financial statements and the analysis of financial results.

    Terms: Fall 2019, Winter 2020

    Instructors: Seunghwan Oh, Hongping Tan, Philippe Levy (Fall) Dongyoung Lee (Winter)

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors

  • MGCR 222 Introduction to Organizational Behaviour (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Individual motivation and communication style; group dynamics as related to problem solving and decision making, leadership style, work structuring and the larger environment. Interdependence of individual, group and organization task and structure.

    Terms: Fall 2019, Winter 2020

    Instructors: Chantal Westgate, Alfred M Jaeger, John-Paul Ferguson, Jean-Nicolas Reyt (Fall) Chantal Westgate, Diana Dakhlallah (Winter)

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors

  • MGCR 271 Business Statistics (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Statistical concepts and methodology, their application to managerial decision-making, real-life data, problem-solving and spreadsheet modeling. Topics include: descriptive statistics; normal distributions, sampling distributions and estimation, hypothesis testing for one and two populations, goodness of fit, analysis of variance, simple and multiple regression.

    Terms: Fall 2019, Winter 2020

    Instructors: Angelos Georghiou, Wei Qi, Javad Nasiry (Fall) Brian E Smith (Winter)

    • Prerequisite: MATH 122 and 123 or equivalent

    • Restriction: Not open to students who have taken or are taking MATH 204, MATH 324, PSYC 204, ECON 227, ECON 257

    • You may not be able to receive credit for this course and other statistic courses. Be sure to check the Course Overlap section under Faculty Degree Requirements in the Arts or Science section of the Calendar.

  • MGCR 293 Managerial Economics (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : The course focuses on the application of economic theory to management problems and the economic foundations of marketing, finance, and production. Attention is given to the following topics: price and cost analysis; demand and supply analysis, conditions of competition.

    Terms: Fall 2019, Winter 2020

    Instructors: Taweewan Sidthidet (Fall)

    • Restrictions: Not for credit for students who have taken or are taking any of the following: ECON 208, ECON 230D1/D2 and ECON 250D1/D2.

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the CRA

  • MGCR 331 Information Systems (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Introduction to principles and concepts of information systems in organizations. Topics include information technology, transaction processing systems, decision support systems, database and systems development. Students are required to have background preparation on basic micro computer skills including spreadsheet and word-processing.

    Terms: Fall 2019, Winter 2020

    Instructors: Richard George Donovan (Fall)

    • Prerequisite (Continuing Studies): CMSC 101 Mathematical Tools for Management Professionals or equivalent Basic computer skills including DOS, Spreadsheets and Word-processing and Database.

    • Restriction: Fall sections restricted to BCom students

    • Continuing Studies: requirement for the Institute of Internal Auditors, CMA, CGA

    • A special seminar will be available to those students who do not possess the above basic computer skills, at the students' own expense.

  • MGCR 341 Introduction to Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : An introduction to the principles, issues, and institutions of Finance. Topics include valuation, risk, capital investment, financial structure, cost of capital, working capital management, financial markets, and securities.

    Terms: Fall 2019, Winter 2020

    Instructors: Vadim di Pietro (Fall) Vadim di Pietro, Sujata Madan (Winter)

    • Corequisite: MGCR 271 or equivalent

    • Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors

  • MGCR 352 Principles of Marketing (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Introduction to marketing principles, focusing on problem solving and decision making. Topics include: the marketing concept; marketing strategies; buyer behaviour; Canadian demographics; internal and external constraints; product; promotion; distribution; price. Lectures, text material and case studies.

    Terms: Fall 2019, Winter 2020

    Instructors: Hamid Etemad, Hee Ryung Kim (Fall) Yi Lu, Nathan Yang, DaHee Han, Emine Sarigollu (Winter)

    • Continuing Studies: requirement for the Institute of Internal Auditors, and the Canadian Institute of Management

  • MGCR 360 Social Context of Business (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : This course examines how business interacts with the larger society. It explores the development of modern capitalist society, and the dilemmas that organizations face in acting in a socially responsible manner. Students will examine these issues with reference to sustainable development, business ethics, globalization and developing countries, and political activity.

    Terms: Fall 2019, Winter 2020

    Instructors: Lindsay Holmgren (Fall) Saku Mantere, Arvind Karunakaran, Lindsay Holmgren, Jan J Jorgensen (Winter)

  • MGCR 382 International Business (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : An introduction to the world of international business. Economic foundations of international trade and investment. The international trade, finance, and regulatory frameworks. Relations between international companies and nation-states, including costs and benefits of foreign investment and alternative controls and responses. Effects of local environmental characteristics on the operations of multi-national enterprises.

    Terms: Fall 2019, Winter 2020

    Instructors: Jan J Jorgensen, Donald Melville (Fall) Donald Melville (Winter)

  • MGCR 423 Strategic Management (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : An integrative and interdisciplinary introduction to strategy formation and execution. Concepts, tools, and practical application to understand how firms leverage resources and capabilities to gain competitive advantage in dynamic, contemporary industries. Strategic positioning, organizational design, and managerial action for the long-term success of businesses and positive social and ecological outcomes.

    Terms: Fall 2019, Winter 2020

    Instructors: Matthew Corritore, Donald Melville, Karl James Moore, Gregory Bryan Vit (Fall) Kwangjun An, Gregory Bryan Vit (Winter)

    • Restriction: Open to U2, U3 students only

    • Continuing Studies: requirement for CMA, CGA, the Institute of Internal Auditors, and the Canadian Institute of Management - in addition to these, the course "Introduction to Business," CGMG 282 is also required for C.I.M.

  • MGCR 472 Operations Management (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Core : Design, planning, establishment, control, and improvement of the activities/processes that create a firm's final products and/or services. The interaction of operations with other business areas will also be discussed. Topics include forecasting, product and process design, waiting lines, capacity planning, inventory management and total quality management.

    Terms: Fall 2019, Winter 2020

    Instructors: Shanling Li (Fall)

    • Prerequisite: MGCR 271 or equivalent

    • Requirement for the Canadian Institute of Management

Honours Courses (42 credits)

  • ACCT 354 Financial Statement Analysis (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : Interpretative nature of the conceptual framework underlying a multitude of financial reporting standards, including the impact of alternative accounting methods, management biases and stakeholder interests in the analysis and valuation of the firm.

    Terms: Fall 2019, Winter 2020

    Instructors: Julia Scott (Fall)

  • ACCT 452 Financial Reporting Valuation (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Accounting : Models to determine firm value from accounting information and a broader perspective on key sources of information, key value drivers, in a setting where evaluating firm value is the ultimate purpose.

    Terms: Winter 2020

    Instructors: There are no professors associated with this course for the 2019-2020 academic year.

  • FINE 342 Corporate Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory.

    Terms: Fall 2019, Winter 2020

    Instructors: Sujata Madan, Larbi Hammami (Fall) Sujata Madan (Winter)

    • Prerequisite: MGCR 341

    • **Due to the intensive nature of this course, the standard add/drop and withdrawal deadlines do not apply. Add/drop is the second lecture day and withdrawal is the fourth lecture day.

  • FINE 440 Honours Investment Management Research Project 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Research work on company, industry, risk management, strategy and macro research reports, contemporary issues in finance presented by market practitioners.

    Terms: Fall 2019, Winter 2020

    Instructors: Vadim di Pietro (Fall) Jan Edvard Ericsson (Winter)

    • Restriction: Restricted to U2 students in B.Com.; Honours in Investment Management program.

  • FINE 441 Investment Management (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Application of investment principles and security analysis to the selection and comparison of equity and fixed income securities in the current economic and financial environment. Also covered are: determinants of stock prices, growth models and portfolio diversification.

    Terms: Fall 2019, Winter 2020

    Instructors: Larbi Hammami, Mohammed M Chaudhury (Fall) Benjamin Croitoru, Ruslan Goyenko (Winter)

  • FINE 443 Applied Corporate Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Concepts and techniques are applied to problems faced by managers in Corporate Finance, such as working capital management, capital budgeting, capital structure, dividend policy, cost of capital, and mergers and acquisition. Application of theory and techniques through case studies.

    Terms: Fall 2019, Winter 2020

    Instructors: Jiro Kondo (Fall) Larbi Hammami (Winter)

  • FINE 448 Financial Derivatives (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The course will concentrate on both the analytical and practical aspects of investments in options and futures. The first part of the course concentrates on option and futures valuation, considering both discrete and continuous time models. The second part of the course concentrates on the practical aspects of options and futures trading.

    Terms: Fall 2019, Winter 2020

    Instructors: Patrick Augustin (Fall) Daniel Andrei (Winter)

  • FINE 449 Market Risk Models (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Dynamic market risk models including GARCH volatility models, dynamic conditional correlation models, non-normal return distributions, option pricing allowing for skewness and kurtosis, and option risk management using delta, delta-gamma and full-valuation.

    Terms: Fall 2019

    Instructors: Jan Edvard Ericsson (Fall)

  • FINE 450 Honours Investment Management Research Project 2 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Continuation of research work on company, industry, risk management, strategy and macro research reports, contemporary issues in finance presented by market practitioners.

    Terms: Winter 2020

    Instructors: Vadim di Pietro (Winter)

    • Prerequisite: FINE 440

    • Restriction: Restricted to U3 students in B.Com.; Honours in Investment Management program.

  • FINE 451 Fixed Income Analysis (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Fixed income financial instruments and their uses for both financial engineering and risk management (at the trading desk and aggregate firm level). This will involve coverage of fixed income mathematics, risk management concepts, term structure modeling, derivatives valuation and credit risk analysis.

    Terms: Winter 2020

    Instructors: Guillaume Roussellet (Winter)

  • FINE 452 Applied Quantitative Finance (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The course is built around a series of practical applications (backtesting trading strategies, yield curve modelling, derivatives hedging) and consists of lab sessions where lectures are mixed with time and support for solving the tasks in Matlab. No programming experience is required, but a willingness to learn is.

    Terms: Fall 2019

    Instructors: Anisha Ghosh (Fall)

    • Prerequisite(s): MGCR 341 and FINE 441.

    • Restriction(s): Not open to students who have taken FINE 434 when topic was "Applied Quantitative Finance".

  • FINE 455 Alternative Investments (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : Alternative asset classes and analysis of the expected risk and return on alternative investment strategies including long-short equity, convertible arbitrage, managed futures, and quantitative trading strategies. Alternative investment strategies include commodities, derivatives, hedged strategies, real estate, private equity and venture capital.

    Terms: Fall 2019

    Instructors: Jan Edvard Ericsson (Fall)

    • Prerequisite(s): FINE 441

    • Corequisite(s): FINE 448 and FINE 451

    • This course is restricted to students in the Honours Investment Management program.

  • FINE 482 International Finance 1 (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Finance : The international financial environment as it affects the multinational manager. Balance of payments concepts, adjustment process of the external imbalances and the international monetary system. In depth study of the institutional and theoretical aspects of foreign exchange markets; international capital markets, including Eurobonds and eurocredit markets.

    Terms: Fall 2019, Winter 2020

    Instructors: Sergei Sarkissian (Fall) Mohammed M Chaudhury (Winter)

  • MGSC 372 Advanced Business Statistics (3 credits)

    Offered by: Management (Desautels Faculty of Management)

    Overview

    Management Science : A practical managerial approach to advanced simple and multiple regression analysis, with application in finance, economics and business, including a review of probability theory, an introduction to methods of least squares and maximum likelihood estimation, autoregressive forecasting models and analysis of variance.

    Terms: Fall 2019, Winter 2020

    Instructors: Brian E Smith (Fall) Brian E Smith (Winter)

Complementary Courses (3 credits)

3 credits to be taken from the list below:

Desautels Faculty of Management—2019-2020 (last updated Mar. 18, 2019) (disclaimer)