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Professional Linkage Seminar (394-LK-21)

Topic

Investment Banking & Private Equity

Instructors

David Paul Stowell
847/467-0291
Kellogg Global Hub #4385
Office Hours: Wednesday at 10-11 am, by appointment
David P. Stowell is a professor of finance at Northwestern University’s Kellogg School of Management. Prior to joining Northwestern, Professor Stowell worked at JP Morgan as Managing Director and head of Midwest Investment Banking. He also previously worked at UBS Investment Bank as Managing Director and Co-Head of Equity Capital Markets, at Goldman Sachs as Vice President for Corporate Finance and at O'Connor Partners as Managing Director for Equity Derivatives. Professor Stowell graduated from Utah State University with a BA in Economics and from Columbia University’s Graduate School of Business with an MBA in Finance. In addition to his current teaching responsibilities, he manages Paradigm Partners, a boutique investment bank which provides M&A and capital raising services and general advice on investment banking, hedge fund and private equity activities to selected clients.

Meeting Info

Kellogg Global Hub 1120: Wed 2:00PM - 4:50PM

Overview of class

*INFORMATION IS SUBJECT TO CHANGE*

The instructor of "Investment Banking & Private Equity" is: David Stowell

The course focuses on investment banking organizational structure, products, risks, earnings, regulations, innovations and competition. The functions of the "banking" business (M&A and financings, including equity, bonds and convertibles), the "sales and trading" business (institutional investor investing activity) and other investment banking businesses will be analyzed. In addition, the course focuses on private equity organizational structure, investment activity, relationships with limited partners, exit strategies, financial models, portfolio company cash flow and margin enhancing activity and the inextricable relationship between investment banks and private equity firms. This course will prepare students for internship and full-time interviewing for both investment banks and private equity firms, as well as provide a broad educational background for students generally interested in finance and investing.

Registration Requirements

1ST YEAR STUDENTS ARE WELCOME TO REGISTER FOR THIS CLASS.

Evaluation Method

  1. Class Participation and Group Evaluation (15% weighting).

  2. Case Questions. (24% total weighting)

  3. Group Presentation to Class (16% weighting)

  4. Group Project (15% weighting)

  5. Final Exam (30% weighting)

Class Materials (Required)

  • Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System - and Themselves by Andrew Ross Sorkin (ISBN: 9780143118244; $20)

  • Investment Banks, Hedge Funds, and Private Equity (4th Edition | 2023) by David Stowell (ISBN: 9780323884518; $99.95)

Class Materials (Suggested)

  • Barbarians at the Gate - Burrough and Heylar

  • When Genius Failed - Roger Lowenstein

  • Goldman Sachs: Culture of Success - Endlich

  • Liar's Poker -- Lewis

  • Greed and Glory on Wall Street - Auletta

  • Den of Thieves - Stewart

  • An Accidental Investment Banker - Knee

  • Tearing Down the Walls - Langley

Class Notes

There are no wait lists for BUS_INST courses. If the class closes before your registration time, please check back.

For more information, please view sample syllabus: https://businessinstitutions.northwestern.edu/courses/course-descriptions/index.html

1ST YEAR STUDENTS ARE WELCOME TO REGISTER FOR THIS CLASS.

Class Attributes

Attendance at 1st class mandatory