INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Banking and Finance
2016-2017

SYLLABUS
Code Name Level Year Semester
BAF 204 Investment Banking Undergraduate 2 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Compulsory 6 2 + 1 59 English

Instructor Assistant Coordinator
Ermin Cero, Expert Ermin Cero Ermin Cero, Expert
no email [email protected] no email

This course describes the structure, management and practices of investment banking. It provides a systematic approach to addressing a critical issue in any M&A, IPO, or investment situation—namely, how much is a business or transaction worth. Course gives fundamentals of valuation and critical due diligence for mergers & acquisitions (M&A), capital markets, and investment opportunities. This involves the use of more realistic assumptions governing approach to risk as well as a wide range of valuation drivers, such as expected financial performance, discount rates, multiples, leverage levels, and financing terms.

COURSE OBJECTIVE
Objective of the course is to give students an understanding of investment banking, international banking, primary and advanced valuation techniques necessary for jobs in finance industry. Course presents essential tools used by professionals at corporations, including members of business development, finance, and treasury departments, that are responsible for corporate finance, valuation, and transaction-related deliverables on a daily basis.

COURSE CONTENT
Week
Topic
  1. Course Introduction; Investment Banking Defined
  2. Comparable Companies Analysis
  3. Comparable Companies Analysis (cont)
  4. Precedent Transactions Analysis
  5. Precedent Transactions Analysis (cont)
  6. Discounted Cash Flow Analysis
  7. Review for Midterm Exam
  8. Midterm Exam
  9. Discounted Cash Flow Analysis (cont)
  10. LBO Analysis
  11. LBO Analysis (cont)
  12. Mergers & Acquisitions
  13. Mergers & Acquisitions (cont)
  14. Review for Final
  15. Final Exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Interactive Lectures
    • Practical Sessions
    • Excersises
    • Presentation
    • Problem solving
    • Assignments
    Description (%)
    Method Quantity Percentage (%)
    Homework210
    Midterm Exam(s)125
    Attendance15
    Final Exam140
    +Project120
    Total: 100
    Learning outcomes
    • Overview of investment banking
    • Comparable Companies Analysis
    • Precedent Transaction Analysis
    • DCF
    • Mergers and Acquisitions
    • LBO financial model
    TEXTBOOK(S)
    • Joshua Rosenbaum & Joshua Pearl: Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions, 2nd Edition, Wiley

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week)15230
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)15115
    Midterm Examination (1 week)122
    Final Examination(1 week)122
    Preparation for Midterm Examination133
    Preparation for Final Examination133
    Assignment / Homework/ Project122
    Seminar / Presentation122
    Total Workload: 59
    ECTS Credit (Total workload/25): 2