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Started By
Message
High level finance class is a new level of intense
Posted on 11/15/17 at 1:40 am
Posted on 11/15/17 at 1:40 am
Hardest class in my MBA program by far and the amount and difficulty of material is overwhelming.
Some of the topics:
All aspects of fixed income including duration and convexity
Immunization
Rebalancing
Horizon analysis
Spot, short, and forward rate calculations
APV, FTE, Capital Cash Flow, and WACC Valuation methods
Stockholder-Bondholder conflicts
Options and option strategies
Calculating Black Scholes using the cumulative normal density tables
Binomial Risk Neutral Valuation using Martingale probabilities
Hedging risk using derivatives
Put-Call Parity
Real Options
Bankruptcy process and strategies
Degree of operating, financial leverage
....the list goes on. Studying for this is soul crushing
Some of the topics:
All aspects of fixed income including duration and convexity
Immunization
Rebalancing
Horizon analysis
Spot, short, and forward rate calculations
APV, FTE, Capital Cash Flow, and WACC Valuation methods
Stockholder-Bondholder conflicts
Options and option strategies
Calculating Black Scholes using the cumulative normal density tables
Binomial Risk Neutral Valuation using Martingale probabilities
Hedging risk using derivatives
Put-Call Parity
Real Options
Bankruptcy process and strategies
Degree of operating, financial leverage
....the list goes on. Studying for this is soul crushing
Posted on 11/15/17 at 3:33 am to lynxcat
Suck it up, b-school boy. You will get no sympathy from me!
Okay... maybe a little sympathy...
Okay... maybe a little sympathy...
Posted on 11/15/17 at 6:36 am to lynxcat
I have derivatives next quarter and it's going to kick my arse.
quote:
Binomial Risk-Neutral Valuation using Martingale probabilities
This post was edited on 11/15/17 at 6:42 am
Posted on 11/15/17 at 6:52 am to lynxcat
I had a similar class that was way over my head. I think I drained a few of the professors red ink pens over that semester. Thank god for partial credit, somehow ended up with a B.
Posted on 11/15/17 at 7:38 am to lynxcat
Good stuff in these classes. The kind of knowledge you can actually make money with. I use what I learned to this day.
Posted on 11/15/17 at 7:56 am to lynxcat
You gotta love the language huh? Every industry has it's own! Could we suggest Roseto Stone?
Posted on 11/15/17 at 8:19 am to BestBanker
When I get problems requiring levering and unlevering Beta or equity returns at varying debt levels, it is like a gift.... Because that is now the 'easiest' material we need to know.
It wasn't too long ago that material was foreign concepts in my first Valuation class.
Overall, I know that I will have learned a tremendous amount in this class but I can also say with certainty that I have no interest to work in Treasury or a trading desk.
It wasn't too long ago that material was foreign concepts in my first Valuation class.
Overall, I know that I will have learned a tremendous amount in this class but I can also say with certainty that I have no interest to work in Treasury or a trading desk.
Posted on 11/15/17 at 8:22 am to Doc Fenton
For reference, how does this compare to the CFA exam? I assume all of these concepts show up on L2 or L3?
Posted on 11/15/17 at 8:30 am to lynxcat
quote:
lynxcat
You headed to Corp Fin, IB, other?
Posted on 11/15/17 at 8:33 am to Azazello
quote:
Binomial Risk-Neutral Valuation using Martingale probabilitiesquote:
Stochastic processes aren't that bad
Posted on 11/15/17 at 8:50 am to Azazello
(no message)
This post was edited on 11/19/17 at 10:50 pm
Posted on 11/15/17 at 8:56 am to lynxcat
IB - focused on advisory or MM
Posted on 11/15/17 at 8:56 am to lynxcat
quote:
Bankruptcy process and strategies
For some really weird reason, I would like to learn this.
Posted on 11/15/17 at 9:02 am to Lazy But Talented
quote:
For some really weird reason, I would like to learn this.
Not so weird! The greatest minds out of top 5 B-schools are recruited by your GS/BCG/McKinsey to work in Bankruptcy Consulting/Structuring/TDRs. You work in this field and you are starting at $300K and up
It is a very interesting field indeed.
This post was edited on 11/15/17 at 9:03 am
Posted on 11/15/17 at 9:28 am to lynxcat
quote:
All aspects of fixed income including duration and convexity
Immunization
Rebalancing
Horizon analysis
Spot, short, and forward rate calculations
APV, FTE, Capital Cash Flow, and WACC Valuation methods
Stockholder-Bondholder conflicts
Options and option strategies
Calculating Black Scholes using the cumulative normal density tables
Binomial Risk Neutral Valuation using Martingale probabilities
Hedging risk using derivatives
Put-Call Parity
Real Options
Bankruptcy process and strategies
Degree of operating, financial leverage
I loved that class. I'm getting excited just thinking about put-call parities and black-scholes.
Posted on 11/15/17 at 10:05 am to barry
quote:
I loved that class. I'm getting excited just thinking about put-call parities and black-scholes.
I love the idea, but we need to get a replacement for B-S option pricing. Long duration option pricing problems are
Posted on 11/15/17 at 10:07 am to lynxcat
I’m in stats right now and feel like a moron
This post was edited on 11/15/17 at 10:23 am
Posted on 11/15/17 at 10:08 am to AmeriKop45
We had guest speakers from distressed / turnaround consulting firms. It was a pretty fascinating discussion and I could see that being an interesting career path.
FWIW, MBB rates are ~$150K base and a ~$45K signing bonus post-MBA now at the Consultant level. You don’t hit the ~300 range until you get closer to Principal or at least later stage Project Leader / Engagement Manager.
FWIW, MBB rates are ~$150K base and a ~$45K signing bonus post-MBA now at the Consultant level. You don’t hit the ~300 range until you get closer to Principal or at least later stage Project Leader / Engagement Manager.
Posted on 11/15/17 at 10:13 am to Golfer
I’m almost done with my program and there are three areas where my knowledge base has really grown:
1) Valuation techniques and building DCF models
2) Econometrics, especially as it relates to marketing mix modeling (namely using and interpreting multiple regression)
3) Leadership philosophies and frameworks
Everything else has basically been a wash for me that I studied in undergrad. The people with non-business backgrounds get more out of the classroom.
Statistics used to really be a weak point for me and now I would argue it is becoming a strength. It was the single biggest transformation for me academically.
1) Valuation techniques and building DCF models
2) Econometrics, especially as it relates to marketing mix modeling (namely using and interpreting multiple regression)
3) Leadership philosophies and frameworks
Everything else has basically been a wash for me that I studied in undergrad. The people with non-business backgrounds get more out of the classroom.
Statistics used to really be a weak point for me and now I would argue it is becoming a strength. It was the single biggest transformation for me academically.
Posted on 11/15/17 at 10:13 am to lynxcat
quote:
We had guest speakers from distressed / turnaround consulting firms. It was a pretty fascinating discussion and I could see that being an interesting career path.
If your program is worth a shite, my firm was probably there.
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