What is the program's structure?
In the first year, students will work as equity research analysts, assisting portfolio managers in research and valuation). The program expects them to complete at least one summer internship before their second year. In their second year, the participants take the role of portfolio managers in the program, where they administer the 1 Million USD portfolio.
How are investment decisions made?
Portfolio managers collectively decide on the type of investment they will pursue. The investment decisions are recorded in meeting minutes, proving that they have followed the required due diligence procedures to assess their investment decisions.
Is the IMP considered a class or a degree?
The program is neither a class nor a degree. The program is an extracurricular type of program where participants receive a certificate upon completion of the program.
How many courses are we supposed to take in the program?
Students are expected to take the MFIN 399 course, which requires ACCT 210 and FINA 210 as prerequisites. Graduate students can take the relevant foundation courses.
How are students selected for the program?
The students are selected based on their academic achievements and the interview process.
What investments are allowed in the fund?
The students should abide by an investment policy statement. They are allowed to mainly invest in equity and bonds instruments. However, the portfolio is “plain vanilla": it doesn't allow for derivatives as an investment class.
- What sources are open to members of the program?
- Access to financial data service providers
- Access to industry mentors
- Access to the Investment Advisory Committee that comprises from
top-notch executives from the region
- On-campus office for work
Does the program continue during holidays?
It is understood that portfolio managers and equity research associates shall maintain a continuous involvement in the operations of the “Fund". More specifically, all the operations of the “Fund", and especially research, monitoring, analysis and investment allocation, shall continue during academic breaks as well as during the summer.
How do you measure the success of the fund?
The students need to beat a weighted-average from the US equity and bond index.
How much does it cost to participate in the program?
The program is free of charge where the only requirement is to take the applied investment class (MFIN 399 - 3 credits course).
What commitment is required from the participants?
- Time: around 15 hours per week.
- Good academic performance: maintaining a GPA of 84 (for undergraduates) and 86 (for graduates).