Bachelor of Science in Finance - Value Investing

Finance is one of the most high-demand programs at Fordham’s Gabelli School of Business. And no wonder. Where better to study finance than at a highly respected business school with strong connections to the most prominent financial services firms in New York City, the global financial capital? We emphasize analytical techniques and the understanding of the economic environment influencing day-to-day and long-term financial decisions. The department offers a range of intensive classes, special programs, and stellar internships-and a solid foundation in the humanities. The result: a premier education that prepares you to take a leading role in finance-and to have a fulfilling life outside of work. Finance is the beating heart of New York City, but a Jesuit education is the soul of the Fordham experience. When you study finance with us, you learn more than the value of a dollar. You learn values. You take classes with business leaders-and with moral thinkers. Beyond finance, you’ll study philosophy, theology, history, mathematics, languages, science, and other performing arts through Fordham’s common core curriculum, the centerpiece of our liberal arts education. Our finance curriculum prepares you for a future in: Corporate finance: investment and financing decisions of business firms and nonprofit organizations Investment management: evaluation of securities and portfolio management Financial institutions: commercial banks, insurance companies, and other institutions Value investing is a time-tested and proven investment methodology that is fundamentally different from conventional security analysis. It focuses on determining the intrinsic value of a company based on its current and historical balance sheets, income and cash flow statements. The element of future growth is considered a positive characteristic only if it comes from sustainable competitive advantages within the franchise of the company due to the existence of barriers to entry. An investment in a company is worthwhile only if there is a significant margin of safety between the company’s intrinsic value and its market price. The Discounted Cash Flow (DCF) method, in contrast, is based on discounting future cash flows projected from the current income and cash flow statements back to present value using an appropriate cost of capital. The balance sheet is frequently de-emphasized or ignored in the valuation process. Structure of the secondary concentration The value investing concentration consists of the following three courses: Introduction to Value Investing (FNBU 4457) Behavioral Finance (FNBU 4458) Advanced Topics in Value Investing (FNBU 4459) Pre-requisite for the introductory course: Financial Management Co-requisite: Global Financial Statement Analysis