Concordia University

http://www.concordia.ca/content/concordia/en/academics/graduate/calendar/current/jmsb/giim.html

Investment Management Programs

Admission Requirements. The Admissions committee will evaluate the potential of each candidate for success within the program. A bachelor’s degree, with high academic standing, or qualifications accepted as equivalent by the School of Graduate Studies and acceptance into the CFA® program are necessary for admission. The applicants are evaluated according to the following criteria: undergraduate performance, Graduate Management Admission Test (GMAT) scores, work experience, detailed evaluations from employers and former university instructors, and statements of self-assessment. Students without formal undergraduate training in quantitative methods, accounting, economics, and finance will be required to demonstrate adequate preparation.

Note: GMAT requirements for GIIM applicants who have already passed CFA Level I examinations will be waived.

Proficiency in English or French. Applicants whose first language is not English or French, and who are not Canadian citizens or landed immigrants, must achieve a satisfactory performance (TOEFL iBT: 90 or equivalent) in the Test of English as a Foreign Language (TOEFL) before being considered for admission. This requirement will be waived for international students who have completed their undergraduate degrees at a university where English or French is the language of instruction.

Academic Regulations

  1. GPA Requirement. The academic standing of each student will be reviewed by the committee at the end of each term. To be considered in good standing at this review, the student must, in the preceding term, have:
    • Successfully completed the required course load with a grade point average of 3.00 or better for MIM and GIIM MBA students only; or 2.70 for DIM students.
    • MIM and GIIM MBA students must pass the appropriate CFA® examinations. DIM students are not required to pass any of the CFA® examinations.
       
  2. Academic Standing. Students who have not fulfilled these conditions will, at the discretion of the program committee, be considered either as students on probationary standing or as failed students. Students who have failed a course, or the appropriate CFA® exam, will normally be considered failed students. Students on probationary standing will have specific requirements set as a condition of being returned to good standing. If these requirements are not met, the student will be considered as failed. Failed students will be withdrawn from the program and can apply for reinstatement.

  3. Graduation Requirement. In order to graduate, students in the MIM and GIIM MBA programs must have a cumulative GPA of 3.00 and must successfully complete Level I of the CFA® examinations. DIM students must have a cumulative GPA of 2.70 and are not required to complete the CFA® examinations.

Diploma in Investment Management (DIM)

Requirements for the Diploma and Program Procedures

  1. To earn the Graduate Diploma in Investment Management degree from Concordia University, the student must successfully complete 33 credits and must have a minimum cumulative GPA of 2.70.

  2. Course Load. Normally students must register for a total of 33 credits over 2 years, and must achieve success in these courses in order to remain a student in good standing in the program. Students are expected to complete the Diploma in no more than four years from the year of initial registration in the program.

Transfer Credits

Students who have had their Diploma in Investment Management conferred will not receive transfer credits for the MIM or GIIM MBA Programs.

Required Courses for the Diploma in Investment Management (33 credits)

GIIM 610 Economics
GIIM 611 Financial Statement Analysis I
GIIM 613 Asset Pricing and Portfolio Management I
GIIM 614 Security Valuation in the Domestic and International Environment
GIIM 616 Quantitative Techniques
GIIM 617 Corporate Finance
GIIM 618 Seminar in Corporate Finance
GIIM 620 Financial Statement Analysis II
GIIM 621 Fixed Income Analysis
GIIM 622 Derivatives
GIIM 623 Asset Pricing and Portfolio Management II
GIIM 624 Analysis of Equity Investments
GIIM 633 Investment Law and Ethics

Top

Master of/Magisteriate in Investment Management (MIM)

Requirements for the Degree and Program Procedures

To earn the Master in Investment Management degree from Concordia University, the student must successfully complete 45 credits and pass Level I of the CFA® exams. Students are expected to complete the degree in no more than five years from the year of initial registration in the program.

Required Courses for the Master of/Magisteriate in Investment Management (45 credits)

GIIM 610 Economics
GIIM 611 Financial Statement Analysis I
GIIM 613 Asset Pricing and Portfolio Management I
GIIM 614 Security Valuation in the Domestic and International Environment
GIIM 615 CFA® Exam Preparation Course Level I
GIIM 616 Quantitative Techniques
GIIM 617 Corporate Finance
GIIM 618 Seminar in Corporate Finance
GIIM 620 Financial Statement Analysis II
GIIM 621 Fixed Income Analysis
GIIM 622 Derivatives
GIIM 623 Asset Pricing and Portfolio Management II
GIIM 624 Analysis of Equity Investments
GIIM 631 Asset Allocation and Performance Measurement
GIIM 633 Investment Law and Ethics
GIIM 636 Alternative Investments
GIIM 653 Seminar in Investment Analysis and Management
GIIM 654 Seminar in International Investment Analysis and Management

Non-credit Electives

GIIM 625 CFA® Exam Preparation Course Level II
GIIM 634 CFA® Exam Preparation Course Level III

Top

Master of/Magisteriate in Business Administration (Investment Management Option) (GIIM)

Requirements for the Degree and Program Procedures

To earn the Master of Business Administration (Investment Management option) degree from Concordia University, the student must successfully complete 57 credits and must pass Level I of the CFA® exams. Students are expected to complete the degree in no more than five years from the year of initial registration in the program.

Required Courses for the Master of/Magisteriate in Business Administration (Investment Management Option) (57 credits)

GIIM 610 Economics
GIIM 611 Financial Statement Analysis I
GIIM 613 Asset Pricing and Portfolio Management I
GIIM 614 Security Valuation in the Domestic and International Environment
GIIM 615 CFA® Exam Preparation Course Level I
GIIM 616 Quantitative Techniques
GIIM 617 Corporate Finance
GIIM 618 Seminar in Corporate Finance
GIIM 619 Marketing Management
GIIM 620 Financial Statement Analysis II
GIIM 621 Fixed Income Analysis
GIIM 622 Derivatives
GIIM 623 Asset Pricing and Portfolio Management II
GIIM 624 Analysis of Equity Investments
GIIM 626 Organizational Behavior
GIIM 631 Asset Allocation and Performance Measurement
GIIM 633 Investment Law and Ethics
GIIM 636 Alternative Investments
GIIM 637 Strategic Management
GIIM 653 Seminar in Investment Analysis and Management
GIIM 654 Seminar in International Investment Analysis and Management
GIIM 655 Socially Responsible and Sustainable Investment

Special Topics in Investment Management

GIIM 695 Special Topics in Investment Management (3 credits)
Note: When offered, this course may substitute a GIIM required core course, for which students must obtain approval of the Program Director in order to register.

Non-credit Electives

GIIM 625 CFA® Exam Preparation Course Level II
GIIM 634 CFA® Exam Preparation Course Level III

Course Descriptions

GIIM 610 Economics (3 credits)
This course will examine the theoretical basis and investment implications of macroeconomic and microeconomic principles, including the key components of economic activity, industrial organization, macro theory and policy, international trade, and exchange rates.
Note: Students who have taken DIM 610, MIM 610, or IMBA 610 may not take this course for credit.

GIIM 611 Financial Statement Analysis I (3 credits)
This course will examine the fundamental financial statements and the impact of different accounting principles on those statements. The course will examine the treatment of such items as income taxes, inventories, depreciation, and leases from the perspective of the investment analyst. International differences in accounting standards will also be examined.
Note: Students who have taken DIM 611, MIM 611, or IMBA 611 may not take this course for credit.

GIIM 613 Asset Pricing and Portfolio Management I (1.5 credits)
This course will examine the efficient markets hypothesis and introduce the classic asset pricing models (domestic and international). The key elements of the theory and practice of the portfolio management process, including investment policy, asset allocation, and client relations will be examined in the domestic and international context.
Note: Students who have taken DIM 613, MIM 613, or IMBA 613 may not take this course for credit.

GIIM 614 Security Valuation in the Domestic and International Environment (3 credits)
This course will examine security (equity and fixed income) risk and valuation (for companies and industries) using alternative methodologies. The characteristics of global financial markets and the implications for security valuation will be examined. The theory and analysis of derivative securities will be introduced.
Note: Students who have taken DIM 614, MIM 614, or IMBA 614 may not take this course for credit.

GIIM 615 CFA® Exam Preparation Course Level I (1.5 credits)
This course will review the material needed for the Level I CFA® exam. Successful completion of this course includes passing the CFA® Level I Exam.
Note: Students who have taken DIM 615, MIM 615, or IMBA 615 may not take this course for credit.

GIIM 616 Quantitative Techniques (3 credits)
This course will examine the nature of the models used in the valuation and evaluation of investments, the theoretical and practical use of these models, comparison of classical or traditional models based on statistical analysis versus those based on more recent developments.
Note: Students who have taken DIM 612, MIM 612, IMBA 612, DIM 616, MIM 616, or IMBA 616 may not take this course for credit.

GIIM 617 Corporate Finance (1.5 credits)
This module covers the theory and practice of corporate finance with emphasis on concepts such as cash flow, liquidity, leverage, cost of capital, project evaluation, and dividend policy.
Note: Students who have taken DIM 612, MIM 612, IMBA 612, DIM 617, MIM 617, or IMBA 617 may not take this course for credit.

GIIM 618 Seminar in Corporate Finance (3 credits)
Prerequisite: For MIM and GIIM MBA Students: GIIM 615 or DIM 615 or MIM 615 or IMBA 615.
This course focuses on the application of modern finance theory to corporate decisions. It examines the firm’s investment and financial decisions under various economic and financial conditions. Specific topics include mergers and acquisitions, leverage buyout decisions and dividend and equity management strategies.
Note: Students who have taken MIM 618 or IMBA 618 may not take this course for credit.

GIIM 619 Marketing Management (3 credits)
The main goal of this course is to develop a comprehensive understanding of the strategic role of marketing within the firm and within the Canadian context. It covers all aspects of the marketing management process. This course is designed to help develop the necessary skills to analyze market opportunities, research and select target markets, design effective marketing strategies, plan marketing programs, and organize, implement and control the marketing effort. The specificities of the marketing of services and their implications in terms of marketing strategies are emphasized.

GIIM 620 Financial Statement Analysis II (3 credits)
Prerequisite: For MIM and GIIM MBA students: GIIM 615 or DIM 615 or MIM 615 or IMBA 615.
This course examines the analysis and use of financial statements and disclosures in the investment valuation process, as well as the impact of international differences and managerial choice on the financial statements.
Note: Students who have taken DIM 620, MIM 620, or IMBA 620 may not take this course for credit.

GIIM 621 Fixed Income Analysis (1.5 credits)
Prerequisite: For MIM and GIIM MBA students: GIIM 615 or DIM 615 or MIM 615 or IMBA 615.
This course deals with the risk and return characteristics of debt instruments, term structure of interest rates, valuation of securities with embedded derivative securities or other unique features. The unique features of real estate and private equity investments are also covered.
Note: Students who have taken DIM 621, MIM 621, or IMBA 621 may not take this course for credit.

GIIM 622 Derivatives (3 credits)
Prerequisite: For MIM and GIIM MBA students: GIIM 615 or DIM 615 or MIM 615 or IMBA 615.
This course focuses on the theory and practice of futures, swaps and option valuation.
Note: Students who have taken DIM 622, MIM 622, or IMBA 622 may not take this course for credit.

GIIM 623 Asset Pricing and Portfolio Management II (1.5 credits)
Prerequisite: For MIM and GIIM MBA students: GIIM 615 or DIM 615 or MIM 615 or IMBA 615.
This course analyzes the theory and critically evaluates the empirical evidence regarding asset pricing models. Implications for the correlation structure of returns and the impact on risk and return forecasting are also covered. This course discusses the role of alternative portfolio management philosophies and their implications for asset valuations and portfolio performance evaluation. Topics include the use and role of quantitative methods in the evaluation and forecasting of investment performance as well as the implications of asset pricing model predictions and failures for portfolio management.
Note: Students who have taken DIM 623, MIM 623, or IMBA 623 may not take this course for credit.

GIIM 624 Analysis of Equity Investments (3 credits)
Prerequisite: For MIM and GIIM MBA students: GIIM 615 or DIM 615 or MIM 615 or IMBA 615.
This course reviews the use of fundamental analysis and other methodologies to generate investment valuations and risk analyses. The impact of special situations on the valuation process and the valuation of equity derivative securities will be examined.
Note: Students who have taken DIM 624, MIM 624, or IMBA 624 may not take this course for credit.

GIIM 625 CFA® Exam Preparation Course Level II (non-credit)
Prerequisite: GIIM 615, DIM 615, MIM 615 or IMBA 615.
This course will review the material needed for the Level II CFA® exam. Permission of the Program is required to register for this course.

GIIM 626 Organizational Behaviour (3 credits)
This course focuses on individual and group behavior and the interactions of behavioural phenomena. Concepts such as motivation, leadership, group behaviour and managing change in organizations are examined. Students acquire an understanding of change processes and skills relating to organizational diagnosis and change.

GIIM 631 Asset Allocation and Performance Measurement (3 credits)
Prerequisite: GIIM 625, DIM 625, MIM 625, or IMBA 625.
This course will examine the estimation of expected returns and risks for asset classes and individual assets, the development of strategies for managing portfolios of domestic and foreign securities (equity, fixed income, real estate, etc.), the management of portfolio risk, and the evaluation of portfolio and manager performance.
Note: Students who have taken DIM 631, MIM 631, IMBA 631, DIM 632, MIM 632, or IMBA 632 may not take this course for credit.

GIIM 633 Investment Law and Ethics (3 credits)
Prerequisite: For MIM and GIIM MBA students: GIIM 625 or DIM 625 or MIM 625 or IMBA 625.
This course covers issues regarding the management of investment funds including techniques for the identification and prevention of professional misconduct, and the nature and drafting of compliance procedures. The practice of portfolio management and investment valuation are studied through the use of topical cases.
Note: Students who have taken DIM 633, MIM 633, or IMBA 633 may not take this course for credit.

GIIM 634 CFA® Exam Preparation Course Level III (non-credit)
Prerequisite: GIIM 625, DIM 625, MIM 625, or IMBA 625.
This course will review the material needed for the Level III CFA® exam. Permission of the Program is required to register for this course.

GIIM 636 Alternative Investments (1.5 credits)
Prerequisite: GIIM 625, DIM 625, MIM 625, or IMBA 625.
This course will cover a description of investments such as hedge funds, real estate and the private equity market.
Note: Students who have taken DIM 621, MIM 621, IMBA 621, MIM 636, or IMBA 636 may not take this course for credit.

GIIM 637 Strategic Management (3 credits)
This course integrates the core functional disciplines of business within a strategic perspective and introduces several strategic management concepts, including industry analysis and dynamics, the organizational resource audit, strategic typologies, the role of the general manager, and the management of strategic transformations. The principal goal is to develop and enhance student ability in problem identification, environmental and organizational analysis, strategic alternative formulation, and action implementation. The pedagogy of the course is based upon comprehensive case studies that deal with strategic issues in a variety of contemporary business contexts.

GIIM 653 Seminar in Investment Analysis and Management (3 credits)
Prerequisite: GIIM 625, DIM 625, MIM 625, or IMBA 625.
This course will concentrate heavily on portfolio risk management issues. Topics such as the effect of cash drag, the use of equity and debt derivatives to manage risk and the uses and abuses of value at risk (VAR) will be explored. Other topics include equity style and its importance index funds and relevant criteria for the selection of investment managers.
Note: Students who have taken MIM 653 or IMBA 653 may not take this course for credit.

GIIM 654 Seminar in International Investment Analysis and Management (3 credits)
Prerequisite: GIIM 625, DIM 625, MIM 625, or IMBA 625.
This course begins with a discussion of exchange rates and to what extent economic factors and market sentiment are important in the determination of these rates. Issues of importance that international investors face will be examined along with the benefits of international diversification. The course will conclude with the analysis of issues relevant to emerging markets and factors that would influence the construction of a portfolio that may include an emerging market component.
Note: Students who have taken MIM 654 or IMBA 654 may not take this course for credit.

GIIM 655 Socially Responsible and Sustainable Investment (3 credits)
The aim of this course is to provide students with a knowledge of socially responsible investment related issues that transcend the modern portfolio theory of Markowitz. Students gain an understanding of sustainable and responsible investment. They also develop the ability to uncover non-traditional risk and return drivers. Relevant case studies and a series of readings are relied upon to provide the basis for the course.

GIIM 695 Special Topics in Investment Management (3 credits)
Note: When offered, this course may substitute a GIIM required core course, for which students must obtain approval of the Program Director in order to register.

Top

Back to top

© Concordia University