The FAP Security Analysis (FIN 377.3) 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 essential 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 apply the tools of financial analysis through Harvard Business School cases and other assignments. We will also use insights from the course to better understand significant recent and current events and trends in financial markets.

The FAP Practicum (FIN 366P) exposes students to financial analysis practice. Approximately half of the class sessions are devoted to outside speakers, many from the FAP Advisory Council. Speakers describe the practice of financial analysis in their areas of expertise, discuss actual investments they have evaluated, offer career advice based on their own experiences, and much more. Talks cover private equity, hedge fund, 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, learning the tools used to conduct financial analysis and presenting financial analysis in a professional setting. Students also prepare stock pitches with advice from assigned MBA Investment Fund managers.

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

The Financial Analyst Program Advisory Council enhances communication between alumni, current students, faculty, and investment professionals. Member contact information is available to current FAP students, and they provide feedback to students regarding industry trends and practices in the field of investments. 

A formal, annual meeting is held at the university during the academic term. Advisory Council members also organize an informal meeting in the summer in their respective cities for program alumni and current students interning in the same area. 

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

Advisory Council Members assist on an uncompensated basis.

FAP Class of 2021