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Program Requirements
The B.Com. Honours Investment Management prepares students for a career in financial asset management, either on the buy side working with active portfolio allocation or on the sell side, working for brokerage firms. The program gives students a rigorous training in accounting, statistics, and finance. The program enables students to analyze financial statements, perform company valuations, construct efficient portfolios with appropriate risk profiles, and manage risk using dynamic trading strategies and derivative instruments.
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.
The B.Com. Honours Investment Management is a limited enrolment program and is by application only for students entering their U2 year. For admission requirements, please refer to the website or contact the BCom Student Affairs Office.
All BCom students take a Core curriculum in addition to the Honours progam.
Required Courses (81 credits)
Management Core (36 credits)
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ECON 295 Macroeconomic Policy (3 credits)
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 2018, Winter 2019
Instructors: Lander, Moshe (Fall) El-Attar Vilalta, Mayssun; Lander, Moshe (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
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MGCR 211 Introduction to Financial Accounting (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Oh, Seunghwan; Tan, Hongping; Levy, Philippe; Cecere, Ralph; Parent, Kevin Paul (Fall) Lee, Dongyoung; Parent, Kevin Paul (Winter) Parent, Kevin Paul; Liu, Ming (Summer)
Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors
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MGCR 222 Introduction to Organizational Behaviour (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Jaeger, Alfred M; Westgate, Chantal; Malo, Katherine; Ferguson, John-Paul; Duggal, Sumeet; Legault, Emma (Fall) Westgate, Chantal; Dakhlallah, Diana; Sylvain, Nathalie-Michele; Malo, Katherine; Legault, Emma; Sharma, Maya (Winter) Blanchette, Simon; Loon, Loretta; Malo, Katherine (Summer)
Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors
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MGCR 271 Business Statistics (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Qi, Wei; Georghiou, Angelos; Lima, Eduardo (Fall) Lima, Eduardo (Winter) Lima, Eduardo (Summer)
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.
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MGCR 293 Managerial Economics (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Sidthidet, Taweewan; Sheikholeslami Salmasi, K; Nizami, Tariq (Fall) Sidthidet, Taweewan; Sheikholeslami Salmasi, K (Winter) Sheikholeslami Salmasi, K (Summer)
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
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MGCR 331 Information Systems (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Donovan, Richard George; Falahati, Arman (Fall) Donovan, Richard George; Talla, Malleswara; Forman, Stuart A; Torkia, Eric (Winter) Falahati, Arman (Summer)
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.
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MGCR 341 Introduction to Finance (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: De Motta, Adolfo; Truong, Minh Quy (Fall) di Pietro, Vadim; Truong, Minh Quy (Winter) di Pietro, Vadim (Summer)
Corequisite: MGCR 271 or equivalent
Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors
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MGCR 352 Principles of Marketing (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Etemad, Hamid; Kim, Hee Ryung; Dotzel, Thomas; Dellar, Mary (Fall) Lu, Yi; Han, DaHee; Dotzel, Thomas; Yang, Nathan; Royce, Charles; Sarigollu, Emine (Winter) Dellar, Mary; Cyrius, Fabienne (Summer)
Continuing Studies: requirement for the Institute of Internal Auditors, and the Canadian Institute of Management
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MGCR 360 Social Context of Business (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Addy, Nii Antiaye; David, Robert James; Holmgren, Lindsay (Fall) Holmgren, Lindsay; Jorgensen, Jan J; Karunakaran, Arvind; Whelan, Glen (Winter) Whelan, Glen (Summer)
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MGCR 382 International Business (3 credits)
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 2018, Winter 2019
Instructors: Jorgensen, Jan J; Melville, Donald; Saba, John (Fall) Melville, Donald; Saba, John (Winter)
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MGCR 423 Strategic Management (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Vit, Gregory Bryan; Melville, Donald; Moore, Karl James; Gradek, John; Corritore, Matthew; Mandelos, Billy (Fall) An, Kwangjun; Vit, Gregory Bryan; Gradek, John; Avidan, Miron (Winter) Keen Henon, Christian; Lee, Yonghwan (Summer)
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.
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MGCR 472 Operations Management (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Li, Shanling; Bilgic, Taner (Fall) Kucukyazici, Beste; Smith, Brian E; Bilgic, Taner; Ebrahimi, Pouya (Winter) Zhu, Han (Summer)
Prerequisite: MGCR 271 or equivalent
Requirement for the Canadian Institute of Management
Honours Courses (45 credits)
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ACCT 354 Financial Statement Analysis (3 credits)
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 2018, Winter 2019
Instructors: Scott, Julia; Murray, Michael George; Noviello, Antoinette (Fall) Diodati, Jennifer; Zerbino, Riccardo (Winter)
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ACCT 452 Financial Reporting Valuation (3 credits)
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 2019
Instructors: Leclerc, Charles (Winter)
Prerequisite: ACCT 354.
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FINE 342 Corporate Finance (3 credits)
Overview
Finance : In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory.
Terms: Fall 2018, Winter 2019, Summer 2019
Instructors: di Pietro, Vadim; Madan, Sujata (Fall) Bouvard, Matthieu; Madan, Sujata; Caron, Yves (Winter) di Pietro, Vadim (Summer)
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.
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FINE 440 Honours Investment Management Research Project 1 (3 credits)
Overview
Finance : Research work on company, industry, risk management, strategy and macro research reports, contemporary issues in finance presented by market practitioners.
Terms: Winter 2019
Instructors: Ericsson, Jan Edvard (Winter)
Restriction: Restricted to U2 students in B.Com.; Honours in Investment Management program.
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FINE 441 Investment Management (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Hammami, Larbi; Chaudhury, Mohammed M (Fall) Chaudhury, Mohammed M (Winter) Hammami, Larbi (Summer)
Prerequisite: MGCR 341
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FINE 443 Applied Corporate Finance (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Hammami, Larbi (Fall) Hammami, Larbi; Kondo, Jiro (Winter) Hammami, Larbi (Summer)
Prerequisite: FINE 342
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FINE 448 Financial Derivatives (3 credits)
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 2018, Winter 2019, Summer 2019
Instructors: Augustin, Patrick; Andrei, Daniel (Fall) Chaudhury, Mohammed M (Winter) Shahrad, Ali (Summer)
Prerequisite: MGSC 372 or equivalent.
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FINE 449 Market Risk Models (3 credits)
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: Winter 2019
Instructors: Goyenko, Ruslan (Winter)
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FINE 450 Honours Investment Management Research Project 2 (3 credits)
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 2019
Instructors: Ericsson, Jan Edvard (Winter)
Prerequisite: FINE 440
Restriction: Restricted to U3 students in B.Com.; Honours in Investment Management program.
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FINE 451 Fixed Income Analysis (3 credits)
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: Fall 2018, Winter 2019
Instructors: Ericsson, Jan Edvard (Fall) Roussellet, Guillaume (Winter)
Prerequisite: FINE 441
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FINE 455 Alternative Investments (3 credits)
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 2018
Instructors: Ericsson, Jan Edvard (Fall)
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FINE 480 Global Investments (3 credits)
Overview
Finance : Major principles of international investments and global asset allocation, focusing on recent developments in modeling and predicting global asset returns. Main approaches to stock selection, style investing, and special issues such as indirect diversification and country and industry effects in equity pricing. Use of Datastream and other financial data sources.
Terms: This course is not scheduled for the 2018-2019 academic year.
Instructors: There are no professors associated with this course for the 2018-2019 academic year.
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FINE 482 International Finance 1 (3 credits)
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 2018, Winter 2019
Instructors: Sarkissian, Sergei; di Pietro, Vadim (Fall) Carrieri, Francesca; di Pietro, Vadim (Winter)
Prerequisite: MGCR 341
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FINE 541N1 Applied Investments (1.5 credits)
Overview
Finance : Students are exposed to practical aspects of managing investment portfolios. A principal activity of students is participation in the management of a substantial investment fund.
Terms: Winter 2019
Instructors: Lester, Kenneth (Winter)
Prerequisite (Undergraduate): FINE 441. Limited enrolment
Prerequisite (Graduate): Permission of the instructor.
Students must also register for FINE 541N2
No credit will be given for this course unless both FINE 541N1 and FINE 541N2 are successfully completed in a twelve month period
Restriction: Open to U2 students only in the Winter term and open to U3 students only in the Fall term.
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FINE 541N2 Applied Investments (1.5 credits)
Overview
Finance : See FINE 541N1 for course description.
Terms: Fall 2018
Instructors: Lester, Kenneth (Fall)
Prerequisite: FINE 541N1
No credit will be given for this course unless both FINE 541N1 and FINE 541N2 are successfully completed in a twelve month period
Restriction: Open to U2 students only in the Winter term and open to U3 students only in the Fall term.
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MGSC 372 Advanced Business Statistics (3 credits)
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 2018, Winter 2019
Instructors: Smith, Brian E (Fall) Smith, Brian E (Winter)
Desautels Faculty of Management—2018-2019 (last updated Aug. 22, 2018) (disclaimer)
