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Finance


Welcome to Finance > 1

BS Finance | Personal Investing Minor > 2

SMART Lab > 3

MS Finance | Accelerated MS Finance | JD/MS Finance > 4

Graduate Faculty > 5

Student Organizations & Activities > 6

Competitions | Conferences > 8

Finance Academy > 9

Career Opportunities > 10

Beyond the Classroom | Scholarships > 11

PhD Program > 12

Research > Inside Back Cover

Explore the world of finance and make yourself at home in the SMART Lab. See page 3 to learn all about this state-of-the-art facility.

The Department of Finance prepares students for careers in investment banking, asset management, real estate, commercial banking, and corporate treasury through coursework in areas such as investments, corporate finance, real estate, risk management, banking, insurance, and business law. As a Chartered Financial Analyst® (CFA) University Affiliate, our curriculum is recognized for being closely tied to professional practice and well suited to preparing students to sit for the CFA® exams. Our finance faculty have compiled a strong record of excellence in research and teaching, writing textbooks, publishing numerous scholarly papers, testifying before U.S. Congress, appearing on various media outlets, and providing expertise to industry. Inside the Securities Markets Analysis Research & Trading (SMART) Lab, you can conduct research on Bloomberg terminals, manage LSU’s Tiger Fund, and work in a simulated trading floor environment. Additionally, we support and conduct research in real estate through our Real Estate Research Institute.

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Chartered Financial Analyst is a registered trademark owned by CFA Institute.


Welcome to Finance Have you ever wondered what the chaos on the floor of the New York Stock Exchange means or how a bright idea gets matched to the capital needed to make it a reality? We can help you answer these questions and understand the world in ways that you haven’t thought about before. We will show you how capital finds its way to its best use and expose you to career options that lead to your getting not just a job, but the right job.

— Rajesh P. Narayanan Department Chair and Associate Professor

Instructor Kurtay Ogunc, the department’s undergraduate advisor, can give you individual attention as you make decisions about undergraduate course selections. He can also help you with finance internships, working with potential employers and the Office of Business Student Success to match you with the right opportunity.

Instructor Brian Andrews brings professionals into his Commercial Bank Management class to speak with you about career options so you can hear firsthand what it is like to work at a bank.

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James Norlund, assistant professor, teaches finance students about the valuation process.

BS Finance Finance is the study of how individuals, businesses, and organizations acquire capital and deploy it efficiently to create value. Our Bachelor of Science in finance will help you to learn more about and pursue a career in finance through its several learning objectives: > Obtain a broad functional knowledge of basic theory and practice of finance. > Access and analyze financial statements to evaluate the financial health of a firm and the strategies it employs to create value for its shareholders. > Develop and apply financial modeling skills for the valuation of a firm and of individual capital assets, securities, and other investment vehicles. > Apply principles of asset allocation and diversification to formulate portfolio strategies through experiential learning. > Understand and apply various measures to evaluate portfolio performance. > Demonstrate effective skills in written and oral communication and in teamwork. Undergraduate students majoring in finance can minor in energy, entrepreneurship, information technology management, and internal audit. Undergraduate and master students can also specialize in internal audit.

Personal Investing Minor We also offer a personal investing minor to non-finance majors. This minor is designed to equip students with personal money management skills; knowledge essential for investing in stocks, bonds, and other assets; and terminology for understanding major issues in insurance, banking, and real estate.

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SMART Lab In the Securities Markets Analysis Research and Trading Lab, or SMART Lab, students collaborate in an environment reflective of a modern financial office, complete with a scrolling ticker and live financial news. The lab’s fifty workstations are equipped with real-world hardware and professional analytic software, including Bloomberg Professional Services and FactSet. Using these tools, LSU students gain knowledge in the exciting world of securities analysis, equity research, corporate finance, and portfolio management. With this expertise, students manage the Tiger Fund, a $2.8 million portfolio that is part of the LSU endowment, on behalf of the LSU Foundation. The SMART Lab gives students access to the most current financial data and the opportunity to learn by doing.

Bloomberg Bloomberg is a tool preferred by investment professionals around the world. It is a comprehensive interactive system that provides extensive financial information and analytics for equities, fixed income, and derivatives. In addition, Bloomberg provides news and economic data. The SMART Lab provides exclusive access to Bloomberg, allowing students to stay up-to-date with current financial information and aid in financial decision-making. Bloomberg also offers Bloomberg Market Concepts, a self-paced course that provides an introduction to the financial markets, focusing on Equities, Fixed Income, Commodities and Economic Indicators. Students can complete the Bloomberg Market Concepts training on one of the twelve Bloomberg terminals in the SMART Lab.

The SMART Lab is the home of the Tiger Fund and Bloomberg at LSU. We invite you to make yourself at home in the SMART Lab. — Tish O’Connor Instructor and Assistant Director, SMART Lab

Tiger Fund LSU’s Student Managed Investment Fund, also known as The Tiger Fund, is a $2.8 million equity portfolio wholly managed by LSU students. Tiger Fund managers perform all of the duties of a portfolio manager, including tracking the economic environment, researching investment ideas, selecting stocks for the fund, implementing portfolio strategies, and monitoring portfolio performance. Students have gained real-world investment experience by managing the Tiger Fund since 2005, when the LSU Foundation established it. business.lsu.edu/smart

You can join your classmates in the SMART Lab using the same cutting-edge technology found in industry.

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MS Finance students discuss program options at the orientation lunch session.

MS Finance | Accelerated MS Finance | JD/MS Finance In the Master of Science in Finance program, you will be provided with the analytical and communication skills necessary for effective financial decision making through the application of financial theory and quantitative techniques in a curriculum centered around investments, corporate finance, and financial markets and institutions. The typical areas in which an MS Finance graduate would work are financial services, corporate finance, investments, real estate, or risk management. The MS Finance program offers: > MS in Finance — A 36-hour program of non-thesis coursework that is intended to be a full-time, three-semester program. > Accelerated MS in Finance — This program allows students to accumulate graduate credit while still pursuing an undergraduate degree in finance and earn both in four or four-and-a-half years. > JD/MS in Finance — Students may pursue a JD-MS in finance, offered concurrently with the LSU Paul M. Hebert Law Center. You may also choose to pursue an MBA specialization in finance which focuses on the study of how individuals, businesses, and organizations acquire capital and deploy it efficiently to create value. It includes courses on financial risk management, venture capital, real estate financial decisions, and investment analysis and portfolio theory. The Department of Finance is a CFA Program Partner, recognized by the CFA Institute for including a significant portion of the CFA Program Candidate Body of Knowledge (CBOK) — including the Code of Ethics and Standards of Professional Conduct — into our curricula.

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Our graduate level faculty bring years of experience from the public and private sector to the classroom. Adjunct Instructor Maurice Coleman (left) is also the Deputy Chief Investment Officer at Teachers’ Retirement System of Louisiana. Professor Joseph Mason (center) was formerly a Financial Economist at the Office of the Comptroller of the Currency and has been a Visiting Scholar at the Federal Reserve Bank of Philadelphia, the Federal Deposit Insurance Corporation, and the International Monetary Fund. Associate Professor Rajesh Narayanan (right), has been a visiting scholar at the Federal Reserve Bank of Atlanta and the Reserve Bank of India, and an advisor to government officials running public-sector enterprises in Malaysia and China.

Senior Instructor Scott Fargason has been a member of the legal and accounting professions for over 20 years. He has worked for Deloitte, Dow, Chase, IBM, and The Federal Reserve Bank. He has conducted legal related services in California, New York, Texas, Louisiana, Georgia, Ohio, and Arizona. Fargason has written two books and has lectured in Asia, Europe, North America, and Latin America to professionals in his field.

Eduniversal recently ranked the Master of Science in Finance program 20th among public colleges and universities in the United States in their annual best masters rankings. 5


Student Organizations SFA — The Student Finance Association strives to recruit dedicated, active members with a strong interest in the various fields of finance. Every year, a group of SFA members travel to New York City to tour Wall Street and visit prominent firms and investment banks. SREA — The Student Real Estate Association seeks to increase the awareness of the numerous business opportunities in the real estate industry by having influential professionals from the Baton Rouge area share insights on the profession. Based on your interest, college-wide organizations such as Alpha Kappa Psi and Delta Sigma Pi are also available. Bottom line: be involved! business.lsu.edu/clubs

Trip to NYC — Wall Street Finance Academy Scholars will travel to Wall Street in the fall of each year to meet with E. J. Ourso College of Business alumni and gain exposure to the daily activities in the financial district and surrounding area. Students will interact with representatives from several areas of finance and visit prominent firms and investment banks.

LSU students pose around Charging Bull, the iconic statue in the Financial District in Manhattan, New York City.

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Students have an opportunity to speak with recruiters at the Business Networking Receptions held twice each year.

Student Activities Jumping Into Business Jumping into Business is a multi-day event, hosted by the Business College Council and student organizations in the college, that features a wealth of activities and events. In addition to a food drive for the LSU Food Pantry, students have the opportunity to visit with business-related student organizations and learn more about them, as well as visit with recruiters in the Rapid RĂŠsumĂŠ Review sessions. Etiquette Dinner Undergraduate and graduate students are invited each year to attend the Etiquette Dinner, which is hosted by the Business College Council. At the event, students sit with and learn from executives who are accomplished professionals in their respective fields. They also learn proper dining and job interview etiquette from an expert certified by the Protocol School of Washington. Speakers Throughout the academic year, students have the opportunity to hear from professionals; executives; local, state, and national leaders; alumni; etc., from various professions and gain valuable insight into industry and the current job market.

Students attend the annual Jumping Into Business event. Business and dinner etiquette are on the menu at the annual Etiquette Dinner. Rebekah Durham, Economic Policy Specialist at the Federal Reserve Bank of Atlanta takes time to answer questions after a class presentation. 7


Competitions ARGUS Team Places Third Worldwide Under the guidance of Instructor Justin Landry of Stirling Properties our team reached third place in a worldwide competition among teams using ARGUS software. The team was rewarded with a trip to the ICSC Global Real Estate Convention in Las Vegas courtesy of Jimmy Maurin and Roger Ogden.

The ARGUS team in Las Vegas: Whitney Gaulter, Matt Hingle, Garrett Choate, Jimmy Maurin, Ty Martin, Justin Landry, and Tyler Tamboli.

LSU Team Reaches Semifinals at National Banking Competition A team of banking students from the LSU Department of Finance made it to the semifinals of the national Conference of State Bank Supervisors Community Bank Case Study Competition, finishing just outside the finalist group of the top five.

From left, semifinalists Micah Odom, Tim Vince, Nick Jindia pose with Mark Marionneaux, President of Bank of Zachary.

Participating in competitions and attending conferences sharpens your competitive edge and guides you in preparation to be an effective team member.

Conferences TD Ameritrade National Conference Each year, a group of E. J. Ourso College students attend TD Ameritrade Institutional’s National LINC conference in San Diego. The event is the firm’s annual investment advisor conference, which hosts 50 financial planning students from 25 colleges and universities, as well as more than 3,200 financial advisors and other financial services industry professionals. Finance students are able to connect with industry experts from across the nation and explore job opportunities. They also participate in breakout sessions and panel discussions and attend networking events with advisors and leaders of TD Ameritrade.

Rachel LeMaire, Megan Manno, and Marlen Breve represent the E. J. Ourso College of Business at the TD Ameritrade Institutional National LINC conference, one of the largest industry events for independent registered investment advisors.

ICSC Gulf South Idea Exchange Student Real Estate Association members attend the ICSC Gulf South Idea Exchange to network with industry professionals, learn about new developments in the retail real estate field and make better decisions about career options.

Garrett Choate, Tyler Tamboli, Rae Manale, Garrad Landry, and Ty Martin at the ICSC Gulf South Idea Exchange.

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Dean Richard White with the 2017 Finance Academy Scholars.

Finance Academy Scholars Program The Finance Academy Scholars are a select group of high achieving undergraduate finance majors who engage in advanced curricular and co-curricular activities. Their motto is “Iron Sharpens Iron,” meaning members encourage each other and underclassmen to strive for excellence inside and outside of the classroom. Admission into the program is based upon a student’s entering grade point average, continuing performance, and co-curricular activities.

Finance Academy Scholar and 2016 Student Government President Andrew Mahtook received the second annual Sean O’Keefe Leadership Award, designed to recognize and reward the outstanding LSU undergraduate student leader who has demonstrated exceptional leadership in the past and possesses the character, capability, vision, and motivation to be a leader in the future. “It is such an honor to even be considered for an award like this,” Mahtook said. “I could not be in this position without the help of my family and friends. They have truly shown me what it means to be a leader.”

“Graduating as an inductee of the Finance Academy, amongst incredibly bright peers, is one of my greatest accomplishments at LSU,” says Bryce Simon. Classmate Alex James agrees. “Being a part of the Finance Academy shaped my perspective as a business student, young professional, and citizen of a greater community,” says James, adding “being able to foster a network of likeminded students has proven to be priceless after college as I still leverage the connections I made through the Finance Academy in my current role.”

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Career Opportunities Internships

Your Career

Internships are a great way to interact with industry professionals, learn about potential career choices, and gain valuable experience while still in school. We encourage you to pursue an internship on your own or with the assistance of our many resources. You may be able to earn credit for your internship work as well and we want to discuss options with you.

We will work with you on your search for a meaningful career that meets your passion. You can work with the new Office of Business Student Success within the E. J. Ourso College of Business and with the Olinde Career Center at the university level to obtain career-related work experiences, develop job search skills, and find not just a job, but the right job.

Alyssa Rauchle, Thomas Laborde and James Chastain recently interned with Arthur J. Gallagher & Co. studying the logistics and risk exposures of transporting cargo on the Mississippi River. “Throughout my internship I worked in an innovative and entrepreneurial environment that allowed me to grow both professionally and personally,” said Chastain. “I spent my summer learning about Gallagher’s risk management services, networking with company leaders and traveling across the state.”

“The E. J. Ourso College of Business exposed me to several career options and helped me find my passion in real estate, allowing me to take four courses in various areas of the industry,” said recent graduate Garrett Choate of Dallas, Texas. “Attendance at professional conferences, service opportunities and participation in the ARGUS Challenge where we won third place in a global competition were excellent ways to learn the business and contributed to my landing a great position with a real estate investment trust in Dallas,” he said.

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Beyond the Classroom You can expand your learning experience by participating in activities outside of the classroom.

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1. Where better to learn about the stock market than the floor of the NYSE? 2. Garrett Choate and Ty Martin give back to the community by volunteering at a flood restoration project. 3. Real Estate students hold class off campus at the offices of Latter & Blum with guest instructor Karl Landreneau. 4. Finance 3351 students Elise Nieser, Taylor Leblanc, and Frank Woods volunteer at an election-themed conference.

Securing Your Success‌Scholarships Over $25,000 in scholarships were awarded to finance majors in 2016 and there are opportunities for other sources of financial support. Visit catalog.lsu.edu for an example of scholarship opportunities for students in each senior college, and to view a comprehensive list of awards offered in the past year in the LSU Online Catalog. Scholarships are segmented by senior college in the top navigation. 11


PhD student Tim Dombrowski (right) visits with students after his Principles of Real Estate class.

PhD Program The Department of Finance offers a well-structured and competitive PhD program that features faculty with expertise in all major areas of the discipline. To be successful, students must be committed to the highest level of academic achievement. A combination of classroom instruction, seminars, independent studies, and individual work with faculty prepares students for continued research in the field of finance. The program consists of two years of intensive coursework beyond the master’s level. Students are required to pass a written examination at the end of the first year and successfully defend a research paper in the second year to be admitted to PhD candidacy. Each candidate is then required to write an original dissertation and pass its oral defense to earn a PhD degree. Overall, the PhD program normally requires four years to finish. Admission is based on a number of factors, including the applicant’s record, GMAT or GRE score, letters of recommendation, and interviews. Financial assistance is available through assistantships, which are typically awarded for four years in the amount of $20,000 to $25,000 per academic year. Duties may include teaching, teaching assistance, or research assistance for a faculty member. Students on assistantship do not pay tuition or non-resident fees.

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Research Journal Editors Areas of Research > Capital Structure > Corporate Finance > Corporate Governance > Credit Ratings > Financial Derivatives > Financial Intermediation > Financing Decisions > Fixed Income Securities > Institutional Investors > Poverty

Professor Donald M. Chance, associate editor, Journal of Derivatives, Financial Review, Journal of Undergraduate Research in Finance, Journal of Financial Research Associate Professor Rajesh P. Narayanan, associate editor, The Financial Review Professor R. Kelley Pace, associate editor, Journal of Real Estate Finance and Economics Professor Gary C. Sanger, senior editor, CFA Institute; associate editor, Journal of Financial Research Associate Professor Wei-Ling Song, associate editor, China Accounting and Finance Review

Research Highlights Professor Joseph Mason and the Louisiana Bankers Association partner each year to produce a report on the Louisiana banking industry. The study offers a brief analysis of developments from the previous five years and combines the market knowledge of the LBA with the analytical insight of the E. J. Ourso College faculty. Rajesh P. Narayanan, Associate Professor and Department of Finance chair, published a co-authored paper titled “Efficiency and Market Power Gains in Bank Megamergers: Evidence from Value Line Forecasts” in Financial Management. Professor Gary C. Sanger, CFA, co-authored “Asset Sales in the Mutual Fund Industry: Who Gains?” which was published in the Journal of Banking and Finance.

Real Estate Research Institute The Real Estate Research Institute (RERI) studies trends in the Louisiana real estate market for the benefit of growth and development throughout the state. Each year, it partners with the Baton Rouge Association of Realtors to host the annual TRENDS in Baton Rouge Real Estate seminar, which was established as a means of professional outreach. RERI is also recognized for its publications in US real estate journals and continues to secure grants for the purpose of supporting doctoral students. Through the institute, students have access to ARGUS software and the opportunity to become certified on this vital real estate standard, gaining them valuable skills and credibility in the industry prior to graduation. Additionally, they can join the Student Real Estate Association, which aims to provide connectivity, education, and guidance to students interested in the real estate industry.

Professor Kelley Pace is the director of the Real Estate Research Institute.


LSU E. J. Ourso College of Business

@LSUOursoCollege

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LSU E. J. Ourso College of Business

business.lsu.edu/finance finance@lsu.edu 2900 Business Education Complex ¡ Baton Rouge, LA 70803

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Profile for LSU E. J. Ourso College of Business

LSU E. J. Ourso Department of Finance  

An official publication of the LSU E. J. Ourso College of Business

LSU E. J. Ourso Department of Finance  

An official publication of the LSU E. J. Ourso College of Business