UNC Kenan-Flagler Business School

Investment Banking Emphasis

Investment Banking Emphasis:  9 Credit Hours
(All courses in this emphasis have BUSI 408 Corporate Finance as a prerequisite – minimum grade of “C”)

The emphasis in investment banking, through its courses, teaches a core set of skills in corporate financial strategy, financial modeling, debt and equity issues, valuation, mergers and acquisitions, financial planning, risk management and financial analysis. This emphasis is primarily designed for students interested in an investment banking related position with an investment bank, commercial bank or private equity firm.  It can also be helpful for students interested in financial consulting, venture capital, and a finance related position within Fortune 500, large-cap or mid-cap company. There is a strong UNC Kenan-Flagler undergraduate business alumni base in investment banking and this area has traditionally been one of the largest areas of employment for students.  Internships are critical to obtaining full-time roles and internship recruiting begins very early in the junior year.  Therefore, students should take BUSI 408 as soon as possible (preferable in their sophomore year) and some of the emphasis courses the semester after completing BUSI 408.

Please watch this video to learn more about the Investment Banking AOE. If you would like to have even more information on this AOE, please check the In-depth video.

Required Courses:
  • BUSI 409H: Advanced Corporate Finance (1.5 credits)
  • BUSI 582H: Mergers & Acquisitions (3.0 credits)
Highly Recommended Elective Courses (At least 1.5 hours from this group):
  • BUSI 490-089: Financial Modeling for Leveraged Buyout Transactions (1.5 credits)
  • BUSI 518: Applied Private Equity (3.0 credits)
  • BUSI 584: Financial Modeling (3.0 credits)
  • BUSI 587: Investment Banking (1.5 credits) (application and permission)*
  • BUSI 588H: Introduction to Derivative Securities & Risk Management (1.5 credits)
  • BUSI 606: Buyout Structures and Deals (1.5 credits)
Other Approved Elective Courses (These courses can also be used to complete the 9 credit hours requirement
  • BUSI 580H: Investments (3.0 credits)
  • BUSI 589H Fixed Income (1.5 credits)
  • BUSI 591: Behavioral Finance (1.5 credits)
  • BUSI 600: Risk Management (1.5 credits) (application and permission)*
  • BUSI 602: Strategic Economics (1.5 credits)
  • BUSI 607: Capital Markets - Institutions, Players & Regulators (1.5 credits)
  • BUSI 618: Global Financial Markets (1.5 credits)
  • BUSI 688: Applied Derivatives (1.5 cr.)

*Application and permission are needed to gain access to one of the undergraduate business reserved seats in an MBA course on the topic. Students should submit a resume and cover letter to the finance area chair or designate, according to instructions posted on the undergraduate business program announcement board prior to registration for the semester these courses are offered.

For students seeking to substitute study abroad or any credit earned outside of the business school, a petition to substitute an emphasis requirement must be submitted via the online request form available on the intranet. If approved, a maximum of 1 course (or 3 credit hours) may apply to an emphasis.


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