Corporate Valuation Certificate

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Corporate valuation determines the worth of a firm—an absolutely critical function of businesses in every industry. Understanding advanced valuation techniques is necessary in order to accurately evaluate capital projects; assess potential mergers and acquisitions; and make the bold, strategic decisions that enhance shareholder value.

Curriculum

The Katz Corporate Valuation Certificate enhances your knowledge of valuation in a global context. Develop the ability to read and understand international financial reporting statements and gain the requisite analytical and quantitative skills. The area is a critical need as many corporations have significant international operations and are increasing their global presence in emerging markets.

Any Katz MBA student is eligible to pursue a Corporate Valuation Certificate. The Project Course in Finance satisfies the program's experience-based learning requirement. In this course, you'll work on a team to assist a company on a corporate financial management issue. The certificate prepares students for managerial positions in corporate finance, banking and financial institutions, investment management, and consulting.

Required Courses and Electives

Total Credits: 10.5 credits

Required Courses (6 credits):

Course Credits
BFIN 2030: Valuation 1 1.5
BFIN 2130: Valuation 2 1.5
BACC 2510: Intermediate Financial Reporting & Analysis 1 1.5
BACC 2511: Intermediate Financial Reporting & Analysis 2 1.5

 

Electives (4.5 credits); choose from the following:

Course Credits
BFIN 2036: Corporate Finance 3
BFIN 2031: Creating Value Through Restructuring 1.5
BFIN 2042: Acquisitions of Privately Held Companies 1.5
 BFIN 2145: Financial Modeling 3

 

Full-time and part-time students are eligible to receive a Corporate Valuation Certificate when all of the following criteria are satisfied:

Completion of both Financial Management 1 (1.5 credits) and Financial Management 2 (1.5 credits), as they serve as prerequisites for subsequent electives.
Completion of a combination of 6 required credits and 4.5 elective credits from the approved course list.
Grades of B or better for each course.
A minimum B+ average (3.250 QPA) across all certificate-related courses and credits.

Career Opportunities

Corporate Finance

Accounting/Tax - Manages corporate accounting and financial reporting functions or tax management functions. Positions potentially lead to a corporate controller position.

Treasury - Manages capital, long-and short-term funding, credit facilities, liquidity, and the cash and investment portfolio of a company. Also manages foreign currency exchange exposure for financing transactions as well as investments. Manages relationships with credit rating agencies, commercial banks, broker dealers, and all credit providers and counterparties.

Financial Planning & Profitability Analysis - Develops financial targets and budgets for individual business units and cost centers that reflect the overall financial goals of the board of directors and CEO of the organization. Analyzes actual and forecasted results against these goals and presents analysis of performance to CFO, CEO, and business unit heads. Helps to develop business action plans to address performance issues.

Investor Relations - Manages relationships with sell-side analysts, buy-side analysts, and large institutional investors. Clearly articulates company strategy to enhance shareholder value/share price. Formally reviews quarterly performance with these constituencies.

Strategic Planning - Works closely with CEO, CFO, business heads, and investment banks to identify targets for M&A. Leads business case development, financial and business analytics, and all valuation and negotiation activities.

Banking & Financial Institutions

Investment Banking/Corporate Finance - Works to raise money for corporate clients and public institutions in the form of equity, debt, convertible, or other derivative securities through a public issue or private placement.

Investment Banking/Mergers and Acquisitions - Generates proposals for and advises companies seeking to sell or purchase whole companies, divisions, or certain assets.

Investment Banking- Advisory/Financial Consulting - Linked to all of the above. Includes capital structure analysis, comparable analysis, industry research, and various forms of fairness opinions.

Investment Management

Independent Investment Research - Analyzes company and industry fundamentals, predicts earnings and cash flows, determines valuations, and recommends investments to buy-side clients. Research professionals can work on the sell side (Morningstar, etc.).

Private Equity/Venture Capital - Private equity is a type of alternative investment that involves investing in privately held companies or the activity of buying a public company and transferring it to private ownership. Investments in private equity most often involve either an investment of capital into an operating company or the acquisition of an operating company, with an objective of selling the company at a significantly higher price in the future. Venture capital investments are typically early-stage startups.

Consulting

Financial Advisory - Advises clients on executing deals, performing business valuations, managing business controversy and disputes, and maintaining regulatory compliance. A CFA designation is typically preferred.

Faculty Contact

Kenneth Lehn
Samuel A. McCullough Professor of Finance
Office: 278B Mervis Hall
Phone: 412-648-2078
lehn@katz.pitt.edu