In order to further strengthen our finance curriculum, the Economics Department is excited to announce the academic concentration in Value Investing!
What is Value Investing?
Value investing is a time-tested and proven investment methodology that is fundamentally different from conventional security analysis. Founded by super-investors Benjamin Graham and Warren Buffett, Value Investing focuses on determining the intrinsic value of a company based on its current and historical financial statements. An investment is worthwhile only if there is a strong set of competitive advantages within the business and if a significant margin of safety exists between the company’s intrinsic value and its market price.
How will this concentration help my investment career?
A student graduating from this concentration will understand the full set of fundamental economic and strategic forces that favor or disfavor a particular investment opportunity. Thus, students will be prepared for a wide range of careers within private equity, distressed debt firms, and actively managed mutual funds. Courses are taught by our “Investors in Residence,” a series of guest lecturers including C-suite executives from some of the nation’s largest endowments, hedge funds, mutual funds, and private equity firms. Additionally, the core courses include “Financial Modeling Academies” where students hone their accounting, finance, and Excel skills through interactive modeling workshops.
What are the concentration requirements?
Students admitted into the concentration will be expected to complete the following:
Prerequisites: Satisfy or plan to enroll in: ECON 101, MGMT 1A, and MGMT 1B.
Value Investing Concentration Core: Students admitted to the concentration are expected to enroll in:
ECON 167 — History of Financial Crises (Fall Quarter)
ECON 168 — Value Investing (Fall Quarter)
ECON 169 — Applied Value Investing (Winter Quarter)
Value Investing Concentration Electives: Completion of two upper-division electives from:
ECON 106F — Corporate Finance
ECON 106P — Pricing and Strategy
ECON 106V — Investments
MGMT 180 — Real Estate Finance and Investment
MGMT 126 — Financial Statement Analysis
ECON 165 — History of Capitalism in the American Economy
ECON 181 — Development of Economic Institutions in Western Europe
How do I apply?
Students are encouraged to apply at https://partnershipucla.submittable.com/submit from May 15, 2018 to June 5, 2018. Please look for the form titled “Value Investing Concentration.” The application will require a cover letter, resume, unofficial transcript, and essay. Incoming transfer students, rising sophomores, and rising juniors interested in investing are highly encouraged to apply.