MS in INVESTMENT MANAGEMENT

Master’s Degree

CFA® Program Partner

17 Months/Part-Time

MS in INVESTMENTMANAGEMENT

Fusing the ART, SCIENCE, and TECHNOLOGY of BUSINESS.

MSIM PROGRAM

Photo used with permission of NYSE

If your plan—your personal business

plan—is to make a mark in the investment

field, we have just the program to help you

succeed.

The Boston University MS in Investment

Management (MSIM) is designed by finance

faculty and investment professionals who

understand advanced financial techniques

and the actual practice of investment man-

agement. They’re experienced in developing

the science of investment technology and

applying the art of investment strategy.

The MSIM program gives you a broad

understanding of the financial markets,

teaches you techniques for evaluating com-

panies in depth, and provides opportunities

for crafting advanced investment strategies.

Your coursework combines a solid

grounding in the metrics, teaching you how

to quantitatively evaluate the facts before

you. You’ll also learn the subtleties of equity

analysis and the softer skills of creative

thinking, teamwork and presenting your rec-

ommendations. Plus you’ll master statistics,

learn how to crunch the data and hear from

over a dozen professionals who actually

manage money, not just talk about it.

Working with real data, real companies,

and real money (in our Student Investment

Fund), you’ll experience the day-to-day

researching, fact-checking, and decision-

making that professionals find so rewarding.

You’ll also experience some of the pres-

sure—with only a little of the peril.

Most importantly, you’ll graduate with

a well-earned sense of confidence and

familiarity with the investment world.

If your career path includes taking the

Chartered Financial Analyst® examinations,

you’re in great hands. The Boston University

MSIM is unique in the United States:

it’s the first graduate program designated

as a CFA Partner Program.

If your plan is to set yourself apart from

the competition, plan on the MSIM.

MASTER OF SCIENCE IN

INVESTMENT MANAGEMENT

Your first investment: yourself.

Scott joined Boston University in 2001 after a 16-year fund management

career, including founding and leading a $45 billion global investment

team at Fidelity Investments. A PhD graduate of Cornell University,

he remains active in investing and conducts academic research

on institutional investors, financial technology and portfolio

management. Scott teaches the two MSIM portfolio

management courses.

MSIM FACULTY DIRECTOR

scott stewart“Investment management is a great business.

The stakes are high, the competition keen, and

it’s a lot of fun when you’re successful! The

MSIM program was developed to really move

your career ahead in investment management,

and we’re thrilled that many of our graduates

have taken advantage of the opportunities

offered by this degree.

— MSIM Faculty Director

Professor Scott Stewart, CFA

“Every day I work as an investment analyst, supporting

five portfolio managers together managing $100 billion in

asset allocation funds. It’s an amazing experience working

with this group of high caliber professionals. I wouldn’t

have this job if I hadn’t completed the MSIM program.”

— Jacqueline Ly, MSIM 2002

Closely connected to

the investment business

The program maintains an active partnership with industry experts who participate as members of the MSIM Advisory Board. The Board consults on curriculum, recruiting, and the investment fund.

Scott A. Bobek, CFASenior Vice President Morgan Stanley

Thomas D. Callahan, CFA, MSIM ’01Vice President and Portfolio Specialist Wellington Management

Douglas C. Chamberlain, CFAPresident and CEOAppleton Partners, Inc.

Brian Fullerton, Global Chief Risk Officer/CIOMerrill Lynch Investment Managers-AmericasMerrill Lynch Asset Management

Robert J. Haber, Chief Investment Officer-CanadaFidelity Investments

Jeffrey Heisler, CFA, Senior AnalystGottex Fund Management

Timothy Krochuk, Managing Director GRT Capital Partners, LLC

Richard Leibovitch, Senior Managing Director and Senior Investment PartnerGottex Fund Management

Christopher D. Piros, CFA, Vice PresidentPrudential Investments

Binkley Shorts, Portfolio Manager Wellington Management

Arnold S. Wood, President and CEOMartingale Asset Management

“I work closely with six equity portfolio managers, who are together

responsible for managing $5 billion. Each day I assist them in the con-

struction and trading of their portfolios. We’re constantly looking for

opportunities to extract value from stocks we find attractive. My MSIM

degree was a key factor in acquiring this position.”

— Jonathan Bridges, MSIM 2001

MOVING YOUR CAREER AHEAD: The Reason You Seek the MSIM Degree

Skills learned in the MSIM Program are a stepping stone to career advancement.

Recent positions held by graduates include:

• Assistant Portfolio Manager at a large investment company

• Municipal Bond Analyst at a private wealth management firm

• Credit Analyst at a Wall Street firm

• Institutional Equity Salesperson at a sell-side firm

• Portfolio Manager at a private investment company

• Research Analyst at a hedge fund

• Performance Analyst Manager at a mutual fund company

• Equity Analyst at an independent research firm

• Trader at a high-net-worth investment firm

• Client Relationship Officer at an investment company

• Investment Analyst at a private foundation

• Director of Quantitative Research at a trading firm

• Director of Investments at a private investment company

• Financial Analyst at a national stock exchange

• Client Relationship Manager at an institutional investment firm

• Market Analyst at a mutual fund company

• Financial Planner at a financial advisory firm

• Credit Analyst at an institutional investment company

• High Yield Analyst at an insurance company

The School of Management’s Feld Career Center provides counseling and seminars,

resume critiques, mock interviews, and company research resources. It also offers

on-line resume listing and recruiter matching services. Since the investment business

is unique, and its members diverse, we offer an MSIM alumni career network

to provide guidance to students and fellow alumni.

Real World Learning:

The Student

Investment Portfolio

The MSIM Program offers you a 12-month intensive train-

ing, research & portfolio management operation where you

delve into real companies and determine if your stocks are

appropriate for inclusion in the School's student fund. The

performance of your recommendations impact live money

as well as a portion of your grade. And it all reflects the

kind of pressure you'll face every day in the real world. The

fund provides the opportunity to learn several tools includ-

ing BARRA, Bloomberg, Mergent Online, Capital IQ,

Investext Plus, and a proprietary website supporting com-

munication of analysis and performance.

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10

20

30

40

50

60

70

80

The Chartered Financial Analyst (CFA®)

certification is a professional designation

awarded by CFA Institute. The professional

investment community recognizes the value

of the CFA certification to support hiring and

promotion decisions. As a CFA Program

Partner, Boston University is formally recog-

nized as providing comprehensive coverage

of the CFA Body of Knowledge.TM

Students who wish to pursue CFA certifi-

cation prepare to take the CFA Level I exam

after their first or third semester, Level II the

following spring and Level III the following

year. MSIM supports students pursuing the

CFA charter through effective course cover-

age and optional preparatory programs.

You can’t get this education in a general

MBA or MSF program. With the MSIM equity

fund experience, portfolio management case

studies, and CFA® curriculum, the investment

community will benefit from your special

commitment to the investment business.

MSIM at Boston University is the first graduate program

in the U.S. designated a CFA® Program Partner

“The finance faculty here

all bring their research and

consulting experiences right

into the classroom. So our

students are exposed to cut-

ting edge ideas every day.”

Don Smith

Associate Professor

MSIM Coursework

and Faculty

All students follow the exact same curriculum and

sequence, providing the opportunity to form study groups,

and assuring the development of a close, professional net-

work. Two examples of the coursework follow.

Equity Analysis: MSIM students have called this course

one of the most challenging, frustrating…and rewarding in

the program. Much like an investment research depart-

ment, the course requires students to complete an in depth

“industry review,” documenting valuation criteria and earn-

ings drivers, before tackling a detailed stock analysis.

Investment Product Design and Management: A case-

oriented course, it requires students to solve multi-faceted

investment problems using their MSIM skill set. Inspiring

the development of a forthcoming textbook by faculty direc-

tor Scott Stewart and advisory board members Chris Piros

and Jeff Heisler, the course introduces students to the com-

plexity of effectively applying advanced techniques to real

investment situations.

• Classes begin in January and finish in May of the following year

• Classes meet Tuesday evening each week, and alternate Saturdays

• Two full-time residence weeks begin and end the program

• MSIM is tailored for the working professional

■ Books, parking, and materials are all provided

■ A small cohort of students moves through the program together

An Efficient Part-Time,

17-month Course Schedule

MSIM CURRICULUM

First Residence Week and Spring Semester

Micro and Macro EconomicsBusiness Mathematics and Quantitative Methods

Accounting and Financial Statement AnalysisIntroduction to Financial Management

CFA Level I Taken*

Second Residence Week and Spring Semester

Investment Product Design and ManagementRisk Management TechniquesAdvanced Topics in Investing

*Optional

FALL

Fixed Income InvestingFutures and Options

SUMMER

Equity AnalysisCorporate Finance

CFA Level II Taken*

ADMISSIONS INFORMATION

Admission Requirements

The program seeks high achieving professionals who have meaningful

work experience, strong recommendations, and excellent academic

backgrounds. Enrollment begins in January. Please visit the website

for the latest application deadline information. Note that the Graduate

Admission Test (GMAT) is required.

Applications are available at http://management.bu.edu/gpo/msim.

Applicants are encouraged to contact the program staff for more

information or to reserve a seat at an upcoming information session.

Graduate Programs Office

Boston University School of Management

595 Commonwealth Avenue

Boston, MA 02215

617-353-0320

[email protected]

http://management.bu.edu/gpo/msim

MSIM PROGRAM

“The MSIM program is uniquely structured to offer

students the rigorous analytical training necessary

to meet the challenges and opportunities of the

investment industry.”

Marshall N. Carter

Chairman, NYSE Board of Directors

“The breadth of knowledge and analytical

preparedness that an MSIM graduate offers an

employer is a powerful cornerstone for a career

in investment management.”

Douglas C. Chamberlain

President of Boston investment management

firm Appleton Partners, Inc.

Boston University’s policies provide for equal opportunity and affirmativeaction in employment and admission into all programs of the University.