University of Texas at Austin
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Financial Analyst Program

McCombs School of Business McCombs School of Business

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The Financial Analyst Program (FAP) is a unique program offered by the Finance Department, since 1997, for a select group of outstanding finance majors.  Currently under the direction of Professor Jonathan Cohn, the two-semester program is tailored to advanced students and combines classroom coverage of MBA-level material in finance with hands-on applications, tool development, and an opportunity to learn from and interact with program alumni and other successful practitioners of financial analysis.  Highlights of the program include:
 

  • Knowledge: Learn advanced concepts in finance, gain exposure to new analytical tools, acquire knowledge about the workings of financial markets, and develop intuition for thinking critically about value-creation through stimulating and challenging coursework; learn about the application of financial analysis from more than a dozen outside speakers
  • Networking and career planning: Interact with prestigious alumni of the program on the FAP Advisory Council, including your own individually assigned mentor, as well as some of the other 800+ alumni of the program
  • Hand-on experience: Work as an analyst supporting the $17.1 million MBA Investment Fund; develop and present a stock pitch as part of a team with advice from assigned MBA Investment Fund managers; participate in modelling sessions conducted by FAP alumni 

Students apply to FAP in fall of junior year.  Candidates accepted to the program take FAP Security Analysis (FIN 377.3) in spring of junior year and the FAP Practicum (FIN 366P) in fall of senior year.

 

Student Applicants

There are a number of reasons why the Financial Analyst Program is a great fit for you:

  • Gain Experience
  • Expand Your Network
  • Learn Marketable Skills

Apply Now

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Curriculum

Curriculum

FAP Security Analysis (FIN 377.3) – Spring of junior year

The FAP Security Analysis class provides MBA-level coverage of valuation, financing, business model assessment, mergers and acquisitions, risk management, and more.  In addition to covering key concepts underpinning financial analysis, we delve into important features of financial markets, including the IPO underwriting process, the structure of debt contracts, how corporate bankruptcy works, the steps involved in a corporate acquisition, and the organization and compensation of private equity funds.  Students will have opportunities to practice applying the tools of financial analysis through Harvard Business School cases and other assignments.  We will also use insights from the course to gain a better understanding of important recent and current events and trends in financial markets.

 

FAP Practicum (FIN 366P) – Fall of senior year

The FAP Practicum offers students exposure to the practice of financial analysis.  Approximately half of the class sessions are devoted to outside speakers, many from the FAP Advisory Council.  Speakers in the practicum describe the practice of financial analysis in their areas of expertise, discuss actual investments they have been involved in evaluating, offer career advice based on their own experiences, and much more.  Talks cover topics including private equity, hedge fund, and venture capital investment, distressed investing, undertaking an entrepreneurial endeavor, blockchain/cryptocurrency, and post-graduation recruiting and career planning. 

Students work as analysts supporting the $17.1 million MBA Investment Fund as part of the practicum.  This is an opportunity to learn the tools that equity analysts use to conduct financial analysis as well as how to present financial analysis in a professional setting.  Students also prepare their own stock pitches, with advice from assigned MBA Investment Fund managers, and present these stock pitches to the class. 

The FAP practicum also involves a number of other activities.  We will cover one-off advanced topics such as corporate governance and executive compensation and discuss academic research on various subjects, including the performance of portfolio managers (such as mutual funds) and the implications of private equity buyouts for various stakeholders.  Students will get a chance to obtain certifications and to work on financial modelling skills under the tutelage of FAP alumni.

FAP Advisory Council

FAP Advisory Council

The purpose of the Financial Analyst Program Advisory Council is threefold. First, the FAP Advisory Council enhances communication between alumni, current students, faculty, and investment professionals affiliated with the Financial Analyst Program. FAP Advisory Council members have contact information available to current FAP students, and are accessible to provide students feedback regarding industry trends and practices in the field of investments. The FAP Advisory Council holds a formal, annual meeting at the University during the academic term. Advisory Council members also organize an informal meeting in the summer in their respective cities for FAP alumni, and current FAP students interning in the same city. 

Second, FAP Advisory Council members support the applied aspect of the curriculum by preparing and updating interview materials, investment models, and industry cases. Third, FAP Advisory Council members support the efforts of the finance department to foster involvement and donations by individuals and corporate partners.

The FAP Advisory Council Members assist the program on an uncompensated basis.

Council Members and Bios       

Current FAP Students

Current FAP Students

FAP Class of 2020

Lea Chemaly Raghav Kotha  Jenny Robinson 
Evan Clary Jeffrey Kupp  David Steinbrecher 
Pranidhi Dadhaniya     Ashley Liu  Mary Lynne Steinmeyer 
Swetha Davuluru  Bob Liu  Maria Tangarova 
Aneesh Desai  Conor McKinley    David Thai 
Liam Duggan  Juan Mogollon
Alexander Wang 
Michael Favrot Matt Movva  Annie Wang 
Emily Gex  Alt Nayani  Zach Wendell 
Brandon Jodie  Samika Parab  Tom Yan
Young Seo Joo  Akaash Parimeru
Kevin Yuan 
Vibhav Joopelli  Neha Purandare   
Brian Kim  Klarence Remigio           

View FAP Analysts from 1998-2019