Interesting Comparison btw Kellogg Undergrad Cert Courses and MBA Courses

<p><a href=“http://www.wcas.northwestern.edu/faculty/teaching/Nov2006Kellogg.pdf[/url]”>http://www.wcas.northwestern.edu/faculty/teaching/Nov2006Kellogg.pdf&lt;/a&gt; </p>

<ol>
<li>Corporate Finance (a version of FINC 440, Turbo Finance, with more analytic derivation)</li>
<li>Investments and Capital Markets (a version of Investments FINC 460, or other capital markets courses, such as money markets or fixed income, with a more sophisticated CAPM/portfolio choice taught at the front end)</li>
<li>Derivatives (a version of FINC 465)</li>
<li>Advanced Corporate Finance (a version of Fin Decisions FINC 442, with more empirical and data analysis work replacing a number of cases; the empirical portion could be based on the Management and Strategy department’s empirical methods course)</li>
</ol>

<p>The courses are slightly more analyical version of four finance courses available for MBA students. That’s the reason why the pre-reqs are so quantitative. </p>

<p>Course description:
FINC 440:
This course combines the materials of FINC-430 and FINC-441 into an intensive one-quarter course available to One-Year students and first-year students interested in accelerating their studies of finance. Students choosing this option should expect the presentations, readings and other homework to be at least double those of the regular courses. By combining these two courses into one quarter, students are able to take more advanced finance electives during their first year and have the opportunity to include an extra finance elective in their course schedules. Please note that this course carries the weight of one course only. Prerequisites: Knowledge of (a) probability and statistics through linear regression and (b) financial accounting. Requirement (a) may be satisfied with prior or concurrent registration in DECS 434, sufficient previous course work in statistics or attending Finance I statistics tutorials (available fall quarter only). Requirement (b) may be satisfied with prior or concurrent registration in ACCT 430 or sufficient previous course work in financial accounting. MECN 430 is recommended.</p>

<p>FINC 460
This comprehensive study of investment theory will cover active portfolio strategies in bonds and stocks, optimal portfolio selection from the perspective of individual and institutional investors, and the role of style and performance benchmarks in portfolio management. Special topics such as performance evaluation, options, futures and trading costs will also be covered</p>

<p>FINC 465
This course covers the use and pricing of forwards and futures, swaps and options. Specific topics include strategies for speculation and risk management, no-arbitrage pricing for forward contracts, the binomial and Black-Scholes option pricing models and applications of pricing models in other contexts. </p>

<p>FINC 442
This course uses case studies to enhance the student’s understanding of managerial financial decision making, specifically investment and financing decisions. Topics include short- and long-term financing, capital structure and dividend decisions, cost of capital, capital budgeting, firm valuation, financial and operational restructuring, and mergers and acquisitions. The course emphasizes the basic principles of corporate finance and is sufficiently general so as to be of interest to all students. The course provides students with the opportunity to apply the concepts and theories developed in other finance courses. At its most fundamental level, the course attempts to improve problem-solving skills: problem definition, gathering and organizing the relevant information, developing feasible alternative courses of action, evaluating alternative choices, and recommending and defending the best course of action</p>

<p>The PDF says that “The Kellogg School of Management IS DEVELOPING plans for an Undergraduate Certificate in Financial Economics.”</p>

<p>Do you know when this certificate will be completely developed, as in ready for undergrads to obtain? The date on it is 2006 so I’m assuming it should be done by now.</p>

<p>I’m glad to see Kellogg reaching out more to undergrads.</p>

<p>Yes, it’s already been developed. This is now the third year for financial economics and second year for managerial analytics.</p>

<p>I am posting this because it gives more detailed description about the courses and what level these courses (financial economics) are actually taught at. They are pretty much the same as MBA courses and in some ways may be even a bit more quantitative.</p>