Finance
Specialization in Investment Management

The field of investment management involves the analysis of various types of financial securities and the management of investment portfolios. Students graduating with this background commonly start their careers as financial analysts for investment funds, investment bankers, or other financial institutions. In these positions they are responsible for analyzing complex financial instruments including common stocks, fixed-income securities, futures, options, and different forms of derivative securities. As investment bankers, they may become involved in the trading of financial instruments, in the analysis of mergers and acquisition decisions, and in helping corporations with their equity and debt financing. This specialization is supported by an academic center in the Department, the AIM Investment Center http://www.mccombs.utexas.edu/AIMCenter/

The MBA Investment Fund, L.L.C. is a student-managed, private investment company created to enable MBA students at the University of Texas to obtain a real-world experience in the construction and on-going management of an investment portfolio. Students in the Finance Concentration are selected to participate in a course of study that includes the management of the Fund as part of its curriculum. The student portfolio managers are assigned to separate asset-class portfolios within the Fund and manage their positions under the guidance of a professional investment counselor. The students also report to an Advisory Committee made up of faculty from the Department of Finance and leading professionals from the investment industry. The Fund has its research home in the EDS Financial Trading and Technology Center http://www.edscenter.utexas.edu/

The Fund is a registered limited liability company organized under the laws of the State of Texas. The assets of the Fund consist of money invested in the Fund by alumni and business supporters who are recognized as accredited investors under the securities laws.

The student portfolio managers of the Fund are selected by the Finance faculty from the applications of MBA students enrolled in the Finance Program. Student managers are selected during the first semester in the MBA program. Part way through the second semester, they are then responsible for portfolio management and for making specific purchase and sale recommendations. More information about the Fund as well as applications for student manager positions can be obtained from the MBA Fund website: http://www.mccombs.utexas.edu/AIMCenter/AppInvMan/index.asp

Curriculum Requirements
FIN 394.1 Advanced Topics in Corporate Finance
FIN 397.1 Investment Theory & Practice

Finance Block
Choose at least three courses from the following:
FIN 390.1 Financial Markets and Institutions
FIN 394.2 Financial Strategies
FIN 394.3 Global Finance
FIN 397.2 Portfolio Management and Security Analysis
FIN 397.4 Financial Risk Management
FIN 397.5 Fixed Income Analysis

Accounting Block
One course from the following:
ACC 380K.7 Financial Statement Analysis (recommended)
ACC 380K.1 Financial Accounting Standards & Analysis

Representative Investment Management and Financial Services Recruiters, 2004-2005
ABN AMRO
AIM Investments
American Capital Strategies, Ltd
American Express
Arabella Securities
Aurora Ventures
Austin Stock Research
Banc of America Securities
Banco de Credito del Peru
Bank of America
Barrow, Hanley, Mewhinney & Strauss
Bear Stearns
Beekman Capital Management
Blue Stage Capital
BNP Paribus
Buffington Capital Holdings
Capital One
Capital Works
Chiron
Citibank
Citigroup
Citigroup Corporate Investment Bank
Credit Suisse First Boston
DePrince, Race and Zollo
Deutsche Bank Securities
Emergent Technologies
ERS
Fifth Third Bank
Frank Russell Securities
GE Consumer Finance
Globescan Capital
GMAC Commercial Mortgage
Goldman Sachs
Guggenheim Partners
Highland Capital Management
Houlihan Lokey
Howard & Zukin
Hourglass Capital Management
Invesco
JP Morgan Chase
JP Morgan Securities
Keefe Bruyette & Woods
Kerchville & Co
Key Bank
Korean Shinhan Bank BNP
LaSalle Investment Management
Lehman Bros
M.S. Howell
Meritage Capital
Merrill Lynch
MetLife
Metropolitan Capital Advisors
Morgan Stanley
Natexis Bleichroeder
National Australia Bank
New Capital Partners
NJF Investment Group
Orix Capital Markets
Perry Capital
Piper Jaffray
Prudential Capital
PTV Sciences
Ranger Capital
Raymond James
RBC Capital Markets
 Regional Investment Partners
RiskMetrics Group
Ritchie Capital Management
Robert W Baird
Sethi Financial Group
SG Cowen
Simmons & Co International
Spring Street Partners
Strategic Capital Advisors
Susquehanna International
TRS
Tejas Securities Group
Teton Capital Partners
Treaty Oaks
Tristone Capital
Trust Company of the West
UBS
UTIMCO
Wachovia Securities
Waddell & Reed
Washington Mutual
Wells Capital Management
Wells Fargo
Whitehorse Capital
Worri Bank
WR Hambrecht

Link to Finance Specializations
Energy Finance
Real Estate Finance
Private Equity Finance
Corporate Finance