Module ASB-3512:
Investment Banking

Module Facts

Run by Bangor Business School

10 Credits or 5 ECTS Credits

Semester 2

Organiser: Dr Ru Xie

Overall aims and purpose

This module aims at providing an overview of major investment banking activities and a comprehensive approach to corporate valuation. Relevant theories, models, examples and empirical evidence will be discussed in the module.

Course content

Introduction in investment banking Discounted cash flow model I Discounted cash flow model II Valuations for mergers and acquisitions I Valuations for mergers and acquisitions II Valuations for leveraged buyouts I Valuations for leveraged buyouts I Investment funds Investment banking: recent studies I Investment banking: recent studies II

Assessment Criteria

threshold

Satisfactory standard: No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.

good

Average Standard: Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills. High Standard: Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.

excellent

Excellent standard: An outstanding performance, exceptionally able. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

Learning outcomes

  1. Compare different business models between traditional commercial banking and modern investment banking.
  2. Analyse conflicts of interests within universal banking model.
  3. Analyse investment bank security underwriting and advisory activities.
  4. Apply valuation models for mergers, acquisitions, and leverage buyouts, as well as the assessment of recapitalization and restructuring plans.
  5. Apply the theories of efficient market and investment bank trading strategies.

Assessment Methods

Type Name Description Weight
Group Coursework 25
Exam S2 2hrs 75

Teaching and Learning Strategy

Hours
  The weekly lecture introduces and explains contemporary issues in investment banking. During these, there will be opportunities for reflection, discussion and consolidation using case studies, questionnaires and other practical activities.  
  Students are also directed to the relevant literature, including book chapters, journal articles (theoretical and empirical), books and internet sources that they are expected to read during their private study time. Private study is supported by e-mail contact with staff, and through materials posted on Blackboard.  

Courses including this module

Compulsory in courses: