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25575 Investment Banking

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2019 is available in the Archives.

UTS: Business: Finance
Credit points: 6 cp

Subject level:

Undergraduate

Result type: Grade and marks

Requisite(s): 25556 The Financial System
These requisites may not apply to students in certain courses.
There are course requisites for this subject. See access conditions.

Description

This subject provides an accessible introduction to the literature on recent developments in the services and transactions provided by investment banks. It provides a complete, yet concise, synthesis of the recent available literature within a logical, analytical structure. It provides important discussions of the four major areas of investment banking, namely mergers and acquisitions, security issuance, financial engineering and international investment. The subject draws on the experience and expertise of senior industry practitioners.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:
1. Evaluate the business model of a modern investment bank, with particular emphasis on the ethical aspects of the investment banking industry
2. Analyse the role of investment banks in helping companies to grow by providing access to capital markets and advisory services
3. Understand financial valuation models and apply them to the analysis of Mergers and Acquisitions, Leveraged Buyouts and other corporate events

Contribution to the development of graduate attributes

The subject contributes to the aim of preparing students to commence a fulfilling and effective career in business, especially in investment banking and related professions. Its specific contributions are made through its study of investment banking activities.

Teaching and learning strategies

Lectures are designed to explain essential principles and tutorials are designed to enable students to test and reinforce their learning through attempting practical exercises. On-line and off-line learning opportunities are provided along with other Learning 2014 practices.

Content (topics)

• Introduction to investment banking
• Investment banking business strategies
• Private equity
• Mergers and acquisitions
• Equity underwriting; debt underwriting
• Asset securitisation; repurchase agreements
• Financial engineering
• Emerging markets
• Investment banking trends and challenges.

Assessment

Assessment task 1: Assignment (Group)

Objective(s):

This addresses subject learning objective(s):

2 and 3

Weight: 30%

Assessment task 2: Quizzes (Individual)

Objective(s):

This addresses subject learning objective(s):

1, 2 and 3

Weight: 20%

Assessment task 3: Final Exam (Individual)

Objective(s):

This addresses subject learning objective(s):

1, 2 and 3

Weight: 50%

Minimum requirements

Students must achieve at least 50% of the subject’s total marks.

Required texts

Joshua Pearl and Joshua Rosenbaum, Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions, University 2nd Edition, ISBN: 978-1-118-47220-0, Wiley, May 2013.

For some of the lessons a number of newspaper articles are also required. Links to all the publications are available in UST Online.

References


Slides and additional material will be made available via UTS Online.