Concentration in Credit

Over the past 10 years, the global leveraged credit markets have more than tripled in size. In addition, these markets have become significantly more complex due to regulatory changes after the 2008 financial crisis. As banks have curtailed traditional risk-taking behaviors, we have seen massive growth in non-regulated financial firms to fill the gap (BDCs, Credit Hedge Funds, CLOs, etc.).

Furthermore, over the past five years, private equity firms have developed in-house credit capital markets groups to focus on funding their deals. With the explosion of these markets, the need for well-trained credit professionals is unprecedented.

This secondary concentration focuses on credit, but it will also prepare students for other employment opportunities in the financial field, such as buy-side investing, sell-side research, general investment banking, and private equity.

The Secondary Concentration in Credit requires completion of three courses (nine credits).

Course Title Credits
Required Courses
FNBU 4447ST: Credit and Special Situation Investing 13
FNBU 4486Advanced Credit Analysis and Distressed Value Investing3
One course from the below options:
ST: Fixed-Income Analysis
ST: Commercial Credit and Banking
ST: Financial Modeling
Total Credits9

FNBU 3221 Financial Management and ACBU 2222 Principles of Financial Accounting are the prerequisites to this course.

All credits earned towards this secondary concentration may double-count towards a major in Public AccountancyFinance, or Applied Accounting and Finance.