MBA Orientation Capital Markets and Investment Management Concentration

MBA Orientation: Capital Markets and Investment Management Concentration Presented by: Dr. Jennifer Conrad (graciously subbing for Chip Snively) August 10, 2016

Agenda • Key Faculty Contacts • Concentration Course Requirements • Co-Curricular Activities – Key focus: § Equity Analysis Workshop § Alpha Challenge • Placement Info • Q&A

Key Faculty Contacts Christian Lundblad Director of Center of Excellence in Investment Management Professor of Finance Mc. Coll 4107 lundblac@unc. edu Alexander Arapoglou Professor of Finance Mc. Coll 4102 Alexander_Arapoglou@unc. edu Chip Snively, CFA Senior Lecturer of Finance, Investment Management Concentration Leader Mc. Coll 4123 Chip_Snively@unc. edu

Concentration Requirements Complete the following electives: Course Number Course Title MBA 786 A Quantitative Methods in Finance (first year) MBA 792 A Investments (first year) MBA 783 Introduction to Derivatives MBA 791 Fixed Income MBA 793 D Alternative Investments Plus………….

6 Credit Hours Required From These Electives Course Number Course Title MBA 733 Financial Statement Analysis & Valuation (highly recommended) Applied Investment Management (highly recommended) Current Topics in Finance: Forecasting Techniques with Business Applications Behavioral Finance Private Wealth Management Global Financial Markets Risk Management (highly recommended) Private Equity Real Estate Capital Markets or Real Estate Finance MBA 779 MBA 791 A MBA 792 D MBA 794 MBA 796 MBA 797 MBA 846 A MBA 853 or 853 F

Co-Curricular Activities Club Affiliations Private Wealth Investment Mgmt Kick-off Meeting August 16, 2016 Finance Development Program 2016 -2017 Career Paths in Finance Tracking the Markets/General Economy Excel Best Practices Intro to Financial Modeling Corporate Valuation Anatomy of a Deal Restructuring & Credit Analysis LBO Modeling Workshop Finance Interview Prep (incl. PE Prep) Company Analysis & Structuring Seminar Major Event Fall Career Trek NYC and BOS Alpha Challenge, November 2016 August 17 th TBD August 19 th September 16 th September 24 th October 1 st November 4 th (tentative) October 25 th December 3 rd May 15 -18 th Equity Analysis Workshop http: //www. alphachallenge. org/ Alternative Investment Conference http: //uncaic. com/

Applied Equity Analysis Workshop For those students with a deep passion for equity markets and a focus on a career analyzing equities • Four class curriculum commencing August 24 th • Instructor: Jim Jones, CFA, Partner, Analyst at William Blair Investment Management • Applications (see email from Derek) due August 12 th; notifications on August 16 th

IM 101: Applied Equity Analysis Deep Dive Into: • • • Schedule: Idea generation Identifying key issues Market penetration analysis Unit economics Relevance of capital intensity Sensitivities to the model Quantifying value proposition Market size analysis vs. TAM Supply chain analysis Valuation • Class 1: Wed, Aug 24 th, 5 -8 p – Industry and company analysis • Class 2 : Wed, Aug 31 st, 5 -8 p – Differentiation and valuation • Class 3: Fri, Sep 23, 1 -4 p – Idea generation and communication • Class 4: TBD – Student stock pitches with Q&A Applications due to Chip Snively / Jim Jones by August 12 th

Alpha Challenge • On November 17 th / 18 th, 2016, Kenan-Flagler Business School will host the premier MBA event in the investment management industry for the 11 th consecutive year • Alpha Challenge pits 3 -person teams from top MBA programs against one another in a competition focused on a long/short investment strategy • Participants will receive a defined set of stocks and are required to propose 2 -3 trades in presentation format. • An internal competition will determine the team representing KFBS. – Every team is required to have at least one 1 st year student. • Over 40 firms will be represented (judges, sponsors, observers), and 20+ will conduct interviews of the participants • Alpha Challenge is student-run, and requires significant student support to run the conference – Contact 2 Y MBAs: Elise Radolf and Devon Pennington – Note: They won the 2015 competition! www. alphachallenge. org

Alpha Challenge

Other Competitions • CFA Institute Research Challenge – Sponsored by CFA Institute – Local competition in Raleigh / Charlotte § Winners to Seattle for Americas regional § Global finals in Prague, Czech Republic § https: //www. cfainstitute. org/community/challenge/Pages/index. aspx • There are other school competitions that student teams are encouraged to apply to attend such as Cornell, Michigan, Virginia, and UCLA 11

Class of 2015: Employment by Function Finance is the Largest Percentage of Hiring Ops/Logistics $97, 500 General Mgt $108, 500 5% Other $110, 000 5% Finance $120, 000 10% 31% • Median salary 21% Marketing $104, 000 28% Consulting $119, 000

Employers for Private Wealth, Sales, Trading and Investment Management

2016 MBAs Interning in Private Wealth Josephine Manlangit Josephine Warshauer Zhuo “Terry” Xiong Kelsey Odom

2016 MBAs Interning in Investment Mgmt. Elise Radolf Devon Pennington

What types of positions are available? Equity, F/I, FOF Research Business Development Product Specialist Sales & Trading Wealth Advisor Industry Research

Where are students employed? Majority of students receive positions in the East, Southeast, & West

Basic Tips for the Job Market • Be committed to your path • Start today: Much of the market is informal (e. g. , 2 nd years) • You need lots of market and investment knowledge – Observe AIM presentations, practice asset pitches with classmates, engage actively in the investment club (more stock pitches) • 2 nd year MBAs and recent alumni are your best resource – Knock on a lot of doors • Attend club events & get involved with the Alpha Challenge • Follow the markets religiously • Get H’s in your finance and economics courses • Consider starting the Chartered Financial Analyst (CFA) exams – Scholarships available – See Professor Snively for details

Questions?