Investment Banking

Recommended Prerequisites

Basic knowledge of finance and ability to read in English.

Teaching Methods

The teaching method will have several dimensions: lectures, case studies, industry notes and discussion of current public transactions. The theoretical fundamentals are presented in an expositive way, being later discussed with the students through practical cases and challenging the students to active and critical participation.

Learning Outcomes

The main objective of this curricular unit is to provide students with the necessary concepts, tools and financial products used in investment banking. They will develop knowledge of the main business activities of financing, investments and financial advisory services.

At the end of this unit, students should be able to:

- Identify the best investment banking solution for a specific transaction;

- Understand how investment banking supports clients in their financing activities;

- Identify major trends in the main segments of investment banking;

- Be comfortable to analyze and negotiate investment banking deals from universal players, local banks and boutiques.

Work Placement(s)

No

Syllabus

1. Introduction to Investment Banking. The business and structure of investment banks. Employment opportunities.

2. Corporate lending and syndicated loans.

3. Debt Capital Markets (DCM). Bonds and other fixed income instruments.

4. Equity Capital Markets (ECM). IPOs and secondary offerings.

5. Sales, trading and research in global markets.

6. Alternative investments, Asset Management and Wealth Management.

7. Structured trade, export and project finance.

8. Mergers, acquisitions and corporate restructurings.

9. Private Equity, Venture Capital and LBOs.

10. Market trends and challenges in Investment Banking. Sustainability and Digitalisation.

Assessment Methods

Assessment
Periodic or by final exam as given in the course information: 100.0%

Bibliography

- Caselli, S., Gigante, G. and Tortoroglio, A. (2021). Coporate and Investment Banking: A Hands-On Approach. Bocconi University Press, EGEA SpA

- Fleuriet, M. (2018). Investment Banking Explained: An Insider's Guide to the Industry: An Insider's Guide to the Industry. McGraw Hill Professional.

- Grath, A. (2016). The handbook of international trade and finance: the complete guide to risk management, international payments and currency management, bonds and guarantees, credit insurance and trade finance. Kogan Page Publishers.

- Liaw, K. T. (2012). The business of investment banking: A comprehensive overview. John Wiley & Sons.

- Pignataro, P.(2015). Mergers, Acquisitions, Divestitures, and Other Restructurings. John Wiley & Sons.

- Rosenbaum, J., & Pearl, J.(2020). Investment banking: valuation, leveraged buyouts, and mergers and acquisitions. John Wiley & Sons.

- Stowell, D. P.(2017). Investment banks, hedge funds, and private equity. Academic Press.

- Tata, F. (2020). Corporate an