BMGT Special Topics Course DescriptionsBMGT448B Private Equity and Venture Capital Clinic
The Private Equity and Venture Capital Clinic (PEVCC) is an advanced finance course for students admitted into the Private Equity and Venture Capital Clinic Fellows Program. The course provides selected students with the opportunity to serve as Analysts at an actual Private Equity Fund with over $50M under management, under the supervision of Professional Fund managers. As part of this course, students will gain experience in:
- Generating Deal Flow;
- Reviewing Business Plans;
- Conducting Market and Competitive Research;
- Visiting Businesses and Interviewing Entrepreneurs;
- Writing Deal Screens;
- Performing Due Diligence; and
- Creating Financial Projections and Valuations.
For more details on this program and application deadlines visit https://unet.rhsmith.umd.edu/undergrad/Portal/PortalHub.nsf/ID/privateequityvc.
BMGT448C Advanced Portfolio Management
Prerequisite: BMGT343 and Corequisite (or prerequisite): BMGT430 (or ECON422). Restricted to students in the Smith School's Quantitative Finance Fellows program (https://unet.rhsmith.umd.edu/undergrad/Portal/PortalHub.nsf/ID/quantitative).
Instructor: Professor Russ Wermers (http://www.rhsmith.umd.edu/finance/faculty/wermers.aspx)
Today, many careers in asset management (hedge funds, mutual funds, or financial advisors) require an extensive use of mathematics and statistics to analyze portfolios of stocks and bonds, beyond the traditional security analysis methods. Having such advanced statistical and modeling skills can greatly increase your marketability for high-paying jobs. This course will focus on quantitative methods of portfolio selection and is NOT a course on traditional security analysis. This course is very different from Bmgt 443 Applied Equity Analysis and Portfolio Management, and Bmgt 443 is not a prerequisite for this course. BMGT 443 is "Fundamental Analysis" (classical ratios, such as the price to earnings ratio) and BMGT448C is "Quantitative Analyis," which uses purely statistical methods (regressions, portfolio theory, etc.) rather than analyzing the accounting statements of companies. In BMGT448C, students will use advanced econometric methods to form portfolios and backtest them to attempt to build a winning strategy. It is recommended that students take a class in linear statistical models (ex. BMGT430) either before or concurrent with this course.
Students will learn:
- Advanced portfolio theory
- Linear statistical models applied to portfolio theory
- Methods of applying these models to use real-world data
- Backtesting a strategy with the model
- How to interpret the results (output) from the models
BMGT448I Introduction to Technical Analysis of Financial Markets
Restricted to Finance majors with 72 credit hours completed. Prerequisite: BMGT343.
Course Objective: Technical analysis is the use of past price, volume and other non‐fundamental data to analyze and predict financial markets. The objective of this course is to provide training that is important to understanding and to applying technical analysis as an investment analysis discipline. The course will include both classic technical analysis/chart reading as well as systematic/computerized technical analysis. The course will primarily be orientated to analysis with a brief introduction to portfolio management within the context of technical analysis.
Textbook: Technical Analysis: The Complete Resource for Financial Market Technicians, Charles D. Kirkpatrick and Julie R. Dahlquist
Additional Textbooks or reading may be developed later
Technology Requirements: Students must have a low to medium proficiency in excel Students must have
Access to charting software/service/website (i.e., Reuters, Bloomberg, Big Charts, Etc)
Guest Speakers: The Course will include at least 3 guest speakers that are practitioners of technical analysis in the industry. Exact scheduling will be dependent upon speaker availability.
Instuctor: Kevin Moore, CFA, CMT
K.M. Moore & Co., LLC
Mr. Moore is the firms’ founder and portfolio manager. He has more than 20 years of professional experience including over 15 years in investment analysis. Mr. Moore began his career at Goldman Sachs in its information systems division. He then worked in management consulting at Booz-Allen & Hamilton and Deloitte & Touche. Subsequently, he held senior equity research analyst positions at Deutsche Bank, Alex. Brown, and Wachovia Securities. Mr. Moore holds a B.S in electrical engineering from the University of Pennsylvania, an MBA from the Wharton School, and an MS in economic history from London School of Economics. Additionally he served with the Maryland National Guard in Iraq during 2003.
BMGT458C Service Marketing
Prerequisite: BMGT350. Restricted to BMGT majors with 60 credit hours completed.
Instructor: Professor Janet Wagner (http://www.rhsmith.umd.edu/marketing/faculty/wagner.aspx)
Service is a growing share of both developed and developing economies. This course is designed for students considering careers in service industries, such as finance, health care, retailing, entertainment, and consulting. In addition, this course offers valuable information on how to deliver effective customer service programs in the marketing of consumer packaged goods, and business-to-business marketing. In service marketing, customer relationships are the key to long-term profitability. Building effective customer relationships requires a "customer orientation," seeing the world from the customer's eyes.
In this course you will learn:
- how marketing in service-producing organizations differs from marketing in manufacturing organizations;
- strategies and tactics for addressing these challenging differences;
- decision-making tools, such as the “GAPS” model of service quality;
- service marketing research techniques to help you collect information to guide your marketing decisions;
- tools for developing innovative services and improve existing services;
- strategies for satisfying your customers and creating customer loyalty;
- how to use customer service to create, maintain, and improve customer relationships;
- tools for making service marketing decisions, including service marketing blueprints;
- how to build and maintain a strong service brand;
- techniques for designing new services and improving existing services;
- How to “recover” from a customer service failure;
- the role of an integrated marketing communication strategy in building a service brand;
- how to use hard and soft customer metrics in evaluating service performance
BMGT468X X-Treme Management – Managing in Times of Crisis
Restricted to BMGT majors with 60 credit hours completed.
Completion of BMGT364 Management and Organization Theory or equivalent is strongly recommended.
The purpose of this course is to raise awareness of the range of risks and hazards facing contemporary businesses and organizations from the perspective of C-Suite management. The course will prepare future managers and decision-makers to anticipate, plan for, and effectively respond to crises and emergencies affecting their operations, assets and people. We will research previous disasters, responses and outcomes, and provide opportunities for hands-on practice with the ICS/NIMS “toolkit” approach to crisis management in use throughout federal government agencies and leading private sector firms. The course will take an action-learning approach: workshops and exercises will explore behavioral/cultural issues in crisis management, and help students develop analytical, communication and collaboration skills for effective management approaches to extreme uncertainty.
In this course you will learn:
Crisis communications - How to manage communications before, during and after emergency, how to prepare and notify people and deal with the press without creating panic
Business continuity planning -- How to design and implement a preparedness effort, assess risk and develop emergency response plans, utilizing best practices in ICS/NIMS: Incident Command Systems
IT security and recovery – How to build resilient systems, especially critical information systems—to assure IT security and recovery, taking into account resource and policy issues and sources
- Introduction to risk analysis and crisis management
- Impact of disasters + emergencies on firms and communities – eg weather emergencies, criminal and terroristic threats, food safety and health emergencies, etc.
- Guest speakers – Cases in emergency/crisis management
- Action research: How to think about and research real-time events of complexity and uncertainty and engage in interdisciplinary problem-solving focused on economic, financial, social, and environmental impacts of various emergencies
- Behavioral & communication issues in planning for/responding to/recovering from crises
- Incident Command Systems and models of interagency cooperation
- ICS/MBO approaches to emergency planning and management and implications for current management theory and practice
- ICS Practicum – I: On-line assignment + follow-up in-class discussion
- ICS Simulation: Students work in teams to identify incident, create incident action plans and what-if scenarios, develop response/recovery plans
TEXT: Business Continuity & Risk Management: Essentials of Organizational Resilience; Kurt Engemann and Douglas Henderson, Rothstein, 2011. Readings from X-SCM: the New Science of X-treme Supply Chain Management, Boyson, Harrington, Corsi, Taylor & Francis, 2010
For additional information click on the attachment below.
BMGT 468X Information Fall 2012.pdf
BMGT498G Financial Markets
Restricted to Finance majors with 60 credit hours completed.
BMGT 498G is a course in financial markets and monetary policy. The objective of this course is to show the interconnectedness of the markets. It will offer a comprehensive exploration of the developments occurring in the world's financial markets and institutions –i.e., innovation, globalization, and deregulation–with a focus on the actual practices of financial institutions, investors, and financial instruments. In this course the student will develop an understanding of: (i) the determination of interest rates; (ii) financial instruments, markets and institutions; (iii) the impact of monetary policy on institutions; and (iv) how financial innovations create markets. This course can be substituted for ECON330 in the Finance majors degree plan. Students can earn credit for both ECON330 and BMGT498G, but only one of these courses can be used to satisfy an upper level ECON requirement for the Finance major. In addition, there is a great deal of overlap between ECON330 and BMGT498G, so this is not recommended to take both courses.
Overview of the Financial System
Determination & Structure of Interest Rates
Federal Reserve & Conduct of Monetary Policy
Money Growth, Money Demand
Mortgage Markets, GSEs
Foreign Exchange Markets
Mutual Funds, Exchange Traded Funds
Financial Crises, Market Crashes
Julie Pavlovsky brings 15 years of professional experience including over 10 years of Wall Street experience in investment banking and equity research to her position as a lecturer and faculty advisor for the Wall Street Fellows program. Prior to joining the Finance department she was a career advisor with the Office of Career Services. Prior to joining Smith, she was with Wachovia Securities as an Associate Analyst covering healthcare stocks. Before joining Wachovia she was with ABN AMRO in the healthcare corporate finance group advising clients on a number of product areas including mergers and acquisitions, public equity offerings, and private placements. Throughout her career, Julie has advised institutional investors and the highest level of company management teams in a variety of sectors. Julie started her career as a research analyst at Cambridge Associates, an investment management consulting firm. She received her MBA from the Robert H. Smith School of Business and a BA in Government & Politics from the University of Maryland.