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Finance
The master of science in finance program at the Segal Graduate School equips students with the tools needed to manage investments and risk in a rapidly changing world. Designed to meet the increasing global demand for skilled risk management and investment management professionals, the program provides a unique blend of rigorous training and real-world experience. World-class researchers and visiting finance professionals combine strong theoretical finance foundations with practical applicability. Students also have an unparalleled opportunity to gain hands-on experience by managing Canada's largest student-led investment portfolio. Its assets under management are $20 million.
Applicants should also refer to the program website .
丁香园AV Requirements
Applicants must satisfy the University admission requirements as stated in Graduate General Regulations 1.3 in the 丁香园AV Calendar. An undergraduate degree in business, commerce, economics, mathematics, physics, or other suitable quantitatively oriented programs is required. Candidates holding a professional designation such as a PRM or FRM and evidence of strong mathematics competency would also be ideal candidates. Students with a strong mathematical aptitude who have completed the graduate diploma in business administration offered by the University would be qualified for admission consideration.
Program Requirements
This program consists of course requirements for a minimum of 51 units. Students complete the core courses and choose either the investment management stream or the risk management stream, and additional electives. Other graduate courses may be substituted for the courses listed at the discretion of the academic director.
Students must complete all of
Intensive program for 丁香园AV Beedie graduate students to meet each other and develop both individual and group strategies for academic success. Through experiential learning and team-building activities students develop a deeper understanding of the skills and knowledge that contribute to an effective team-based learning environment. Students will also learn about program-specific academic expectations, academic and administrative resources, and supports available at 丁香园AV. Graded on a satisfactory/unsatisfactory basis.
Negotiation is the art of and science of securing agreements between two or more parties that are interdependent and who are seeking to maximize their outcomes. The central issues of this course deal with understanding the behaviour of individuals, groups and organizations in the context of competitive situations. Graded on a satisfactory/unsatisfactory basis.
| Section | Instructor | Day/Time | Location |
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May 14, 2022: Sat, 9:30 a.m.鈥�5:30 p.m.
May 21, 2022: Sat, 9:30 a.m.鈥�5:30 p.m. May 28, 2022: Sat, 9:30 a.m.鈥�5:30 p.m. |
Burnaby Burnaby Surrey |
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| TBD |
Introduces students to the fundamental concepts of accounting and financial statements. This course will be graded as satisfactory/unsatisfactory.
An introduction to elements of mathematics and computational techniques employed in finance and financial risk management. An introduction to programming tools, e.g. VBA, Matlab, and an object oriented programming language (e.g. C++).
Financial econometrics for testing asset pricing models and portfolio performance measurement.
Builds on the fixed income insights and goes deeper in such subjects as the term structure of interest rates, fixed income returns, yield-spread analysis, sources of risk in fixed income securities, and embedded options.
Builds on subjects such as the valuation of equity securities, including company and industry analysis, financial statement analysis and valuation models.
Provides an understanding of the linkages between financial statements such as annual reports and prospectuses including the three principal financial statements (balance sheet, income statement and cash flow statement) and how useful information about a company can be extracted from them.
Provides students with the principles, theories and practices of Investing. The course surveys relevant investment theories as applied to different asset classes, focusing on the decision-making process it discusses applications in both traditional and alternative investments.
Examines how organizations create long term, sustainable, competitively differentiated value for shareholders and stakeholders by developing, enacting, monitoring and adjusting corporate and business unit strategies in a stringent regulatory and highly competitive environment.
Designed to assist students to improve their written and verbal communication skills in business settings.
Provides students with a review of the fundamentals of the mathematics that they will be expected to know to be successful in the broader M.Sc. in Finance program. Many of the examples and exercises used will be motivating using common problems encountered in portfolio construction and analysis, econometrics, and option pricing.
Provide students with a review of the fundamentals of random variables and statistics that they will be expected to know to be successful in the broader M.Sc. in Finance program. Covering topics such as regression, estimation, simulation and hypothesis testing, the course examples and exercises provide a foundation on which to build a greater understanding of economic analysis and forecasting.
and nine units from the list of electives
Electives
Special topics related to fundamentals in finance, asset pricing, market risk management and credit risk management. This course will be graded as satisfactory/unsatisfactory.
and nine units from the investment management or risk management stream
Investment Management Stream
Assumptions underlying the Capital Asset Pricing Model are relaxed to allow for specific views on asset returns, and to allow for the expected future consumption needs of a given investor to be considered at a strategic level.
Four main topics are covered: portfolio theory, asset pricing, market efficiency, and performance measurement. The first two are cornerstones of financial economics, as, for the most part, portfolio selection models form the basis of models of asset pricing. The third cornerstone is the efficient markets hypothesis, which asks whether prices reflect information. Finally, asset pricing models provide the basis for many risk-adjusted measures of the performance of mutual, pension, and hedge funds.
Mixes financial theory with concrete applications in investment banking and private equity settings. Main areas of study are around Corporate Finance, Equity Valuation and Investments that are of importance to investment bankers and private equity professionals.
Risk Management Stream
Technical course that provides the participants with the necessary knowledge to address more complex risk management problems.
Credit risk management with emphasis on portfolio models, including probability of default and loss given default models, credit capital allocation, active portfolio management, credit derivatives, and structured transactions.
Value at risk, advanced market risk models, statistical models, stress testing, scenario analysis, and risk-adjusted performance measurement.
* BUS 700 is a prerequisite for all courses in this program
Program Length
Students are expected to complete the program requirements within four terms.
Other Information
Student Investment Advisory Service (SIAS)
Students have the opportunity to acquire real world investment, risk management and compliance experience through an optional course called the Student Investment Advisory Service. Students must be enrolled in BUS 880 no later than the second term of enrollment and throughout the program in order to complete the course.
Students in this course will manage the Student Investment Advisory Service (SIAS) fund which includes $10 million of the university's endowment portfolio, funded by contributions from HSBC Bank Canada and Lohn Foundation. SIAS fund follows a value investing mandate set by the client (丁香园AV) through a conservative investment policy statement. The fund is composed of four actively managed asset classes: Cash, Canadian Equity, Global Equity and Fixed Income. SIAS fund reports monthly compliance and performance to the client and faculty advisors. Additionally, performance review presentations are held on a quarterly basis. Students must be enrolled in BUS 880 no later than the second term of enrollment and throughout the program in order to successfully complete the course.
| Section | Instructor | Day/Time | Location |
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| TBD |
Academic Requirements within the Graduate General Regulations
All graduate students must satisfy the academic requirements that are specified in the Graduate General Regulations, as well as the specific requirements for the program in which they are enrolled.