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Course & Unit Catalogues


MN22168: Introduction to investment banking

[Page last updated: 09 August 2024]

Academic Year: 2024/25
Owning Department/School: School of Management
Credits: 10 [equivalent to 20 CATS credits]
Notional Study Hours: 200
Level: Intermediate (FHEQ level 5)
Period:
Semester 1
Assessment Summary: EXCB 100%
Assessment Detail:
  • Exam (EXCB 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites:
Learning Outcomes: By the end of the course, students will:
  • Be able to critically discuss the role of regulation in investment banking, the potential for conflicts of interest and the ethical concerns in the industry.
  • Understand and explain the main motivations of investment banks in their activities.



Synopsis: "The aim of the module is to gain insights into the business of investment banks and the competitive forces between them. Following a general overview of investment banking, you will explore the theoretical background that helps explain the behaviour of investment banks in specific business lines such as equity underwriting, debt underwriting, mergers and acquisitions, leveraged buyouts, and valuation. You will also evaluate evidence for conflicts of interest for investment banks. "

Content: Introduction to investment banks, including: history of investment banking, regulatory changes over time, organisational structure of banks, costs, revenues and strategies. Underwriting: equity (initial public offerings, follow on offerings), corporate bonds. Mergers and Acquisitions: the role of investment banks in acquisitions. Leveraged Buyouts: characteristics, roles of investment banks, exit strategies. Valuation: comparable companies analysis, precedent transaction analysis and discounted cashflow analysis. Financial Innovation: characteristics of financial innovation and examples of innovations over time. Ethics and conflicts of interest.

Course availability:

MN22168 is Optional on the following courses:

School of Management
  • UMMN-AFB10 : BSc(Hons) Accounting and Finance (Year 2)
  • UMMN-AKB10 : BSc(Hons) Accounting and Finance with work placement (Year 2)

Notes:

  • This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
  • Courses and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.