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    Value Investing Program Info Session 2021

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    Keren Chersky
    The Value Investing Program student information session overviewed the Heilbrunn Center, the Value Investing Program curriculum, and the application process. The Heilbrunn Center team manages the program. The curriculum spans 7 required courses covering value investing techniques. To graduate, students must complete all 7 courses. Applicants must sign up for a mandatory 15 minute interview to be considered for the selective program that accepts 40 students annually.

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    Value Investing Program Info Session 2021

    Uploaded by

    Keren Chersky
    301 views13 pages
    The Value Investing Program student information session overviewed the Heilbrunn Center, the Value Investing Program curriculum, and the application process. The Heilbrunn Center team manages the program. The curriculum spans 7 required courses covering value investing techniques. To graduate, students must complete all 7 courses. Applicants must sign up for a mandatory 15 minute interview to be considered for the selective program that accepts 40 students annually.

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    The Value Investing Program student information session overviewed the Heilbrunn Center, the Value Investing Program curriculum, and the application process. The Heilbrunn Center team manages the program. The curriculum spans 7 required courses covering value investing techniques. To graduate, students must complete all 7 courses. Applicants must sign up for a mandatory 15 minute interview to be considered for the selective program that accepts 40 students annually.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    301 views13 pages

    Value Investing Program Info Session 2021

    Uploaded by

    Keren Chersky
    The Value Investing Program student information session overviewed the Heilbrunn Center, the Value Investing Program curriculum, and the application process. The Heilbrunn Center team manages the program. The curriculum spans 7 required courses covering value investing techniques. To graduate, students must complete all 7 courses. Applicants must sign up for a mandatory 15 minute interview to be considered for the selective program that accepts 40 students annually.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 13
    At a glance
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    The key takeaways are that the session outlined the Value Investing Program at Columbia Business School, including an overview of courses offered, the application process, and common myths about the application.

    Core courses offered as part of the Value Investing Program include Value Investing, Applied Value Investing, Value Investing with Legends, and Economics of Strategic Behavior. There are also optional related courses in areas such as distressed value investing, activism, and mental models.

    The application process involves signing up for a mandatory 15 minute interview, submitting an application by the deadline which includes an application form, cover letter, resume, and investment write-up, and being notified of the admission decision by June 4th.

    Value Investing Program

    Student Information Session


    February 9, 2021 – Virtual
    Agenda
    Tuesday, February 9, 2021 12:00pm to 1:30pm - Virtual

    • Introduction to the Heilbrunn Center


    • Center Overview
    • Our Team
    • Our Courses

    • The Value Investing Program


    • Overview of the Program
    • Application Process
    • Debunking Myths

    2
    Heilbrunn Center Overview

    3
    Heilbrunn Center: Our Team

    Tano Santos Meredith Trivedi


    David L. and Elsie M. Dodd Managing Director
    Professor of Finance

    Julia Kimyagarov
    Director

    4
    The new Value Investing Program
    Economics of Strategic Behavior (3 credits) Required
    Optional

    Value Investing (3 credits)

    The credit superhighway Applied Value Investing (3 Fall 2nd yr.


    (3 credits) credits)

    • Distressed Value Investing • Activism


    • Value Investing in Private Credit • Compounders (oa)
    • Value Investing in Credit Markets • Shorting
    • Value Investing Across the Capital • Mental Models (oa) Fall & Spring 2nd yr.
    Structure • Advancement Investment
    Value Investing with
    Research (oa)
    Legends (1.5 credits)

    5
    SPRING 2022 TENTATIVE

    Center Update: Course Name


    Accounting for Value
    Activism*
    Professor
    Stephen Penman
    Wei Jiang

    Courses Supported by Advanced Investment Research


    Advanced Investment Research
    Kian Ghazi
    Adam Birnbaum/Shayan Mozaffar

    the Heilbrunn Center Applied Security Analysis


    Applied Value Investing
    Applied Value Investing (EMBA)
    Anuroop Duggal/ Michael Herman
    Eric Almeraz/ David Horn
    Arnaud Ajdler
    2021–2022 Applied Value Investing (EMBA) Tom Tryforos
    Art of Forecasting (B Term) Ellen Carr
    FALL 2021 TENTATIVE Compounders Anouk Dey/ Jeff Mueller
    Course Name Professor Distressed Value Investing Dan Krueger
    Advanced Investment Research Kian Ghazi Distressed Value Investing Michael Gatto
    Applied Value Investing Mark Cooper/ Jonathon Luft Economics of Strategic Behavior Wouter Dessein
    Applied Value Investing T. Charlie Quinn Economics of Strategic Behavior Laura Doval
    Applied Value Investing Rishi Renjen/ Kevin Oro-Hahn Economics of Strategic Behavior Jacopo Perego
    Applied Value Investing Scott Hendrickson/ Matt Fixler From Feast to Famine (And Back Again) (Blockweek) Ellen Carr
    Applied Value Investing Anuroop Duggal Practice of Wealth Management for High Net Worth Clients Maria Brisbane/ Alex Zachary
    Art of Forecasting (B Term) Ellen Carr Security Analysis Michael Mauboussin
    Credit Superhighway* Avi Friedman Security Analysis Tripp Blum/ Mallory Downing
    Economics of Strategic Behavior Jacopo Perego Value Investing Across the Capital Structure (EMBA) Keith Luh
    Mental Models Grant Bowman/ Brian Waterhouse Value Investing in Credit Markets Denis Tolkachev/ Anjali Verghis
    Security Analysis Chris Begg Value Investing in Private Credit David Glazek/ Mac Trivedi
    Seminar in Value Investing (EMBA Fri./Sat.) Paul Johnson Value Investing (A Term) Tano Santos
    Seminar in Value Investing (EMBA Sat. only) Paul Johnson Value Investing with Legends (B Term) Tano Santos
    Seminar in Wealth Management Kristin Gilbertson/ Andrew Gundlach SUMMER 2021 TENTATIVE
    Shorting* David Horn/ Jamie Lester Course Name Professor
    Value Investing (VI Program Blockweek) Tano Santos Globalization (EMBA) Bruce Greenwald/ Joseph Stiglitz
    Seminar in Value Investing (EMBA) Paul Johnson
    Security Analysis Keith Luh

    6
    Value Investing Program: Courses and Logistics

    • To be considered a Value Investing Program Graduate, you must complete all 7 courses.

    • A maximum of 40 full-time MBA students are admitted to the Program.

    • You will be charged 9,000 points for the 7 program classes, which you will be pre-enrolled in upon acceptance into the
    program. Dual degree students will be charged 5,785 points for the 7 program classes.

    • All 7 courses have Corporate Finance and Capital Markets as pre-requisites.

    • All courses depend on availability and are subject to change without notice.

    • The Value Investing Block Week is typically scheduled for the last two weeks of August. We will confirm the date as
    soon as the academic calendar is set but please ensure you will be back on campus for this course.

    7
    Value Investing Program: How to Apply

    8
    Value Investing Program: How to Apply
    • You must sign up for a mandatory 15 minute interview with
    the Heilbrunn Center.

    • Consideration will be given to interest level, preparation


    (books read, knowledge of industry, value techniques, etc.),
    and demonstrated commitment to value investing.

    • Thursday, February 11, 2021 at 9:00 a.m. - Interview sign-ups begin

    • Friday, February 26, 2021 at 5:00 p.m. - Interview sign-ups end

    • Monday, March 8 – Friday, March 19, 2021 - Interviews will take


    place

    *Sign-up sheet will be emailed to everyone who attended the info


    session via google doc

    **Timeslots will be filled on a first come, first served basis. 9


    Value Investing Program: How to Apply

    • Applications must include:


    1. Application Information Form - sent to you on Monday, April 5 by 5 p.m.
    2. Cover Letter (1 page)
    3. Resume (1 page)
    4. Investment Write-Up
    • You will choose from one of two ideas communicated in the application form
    • What value you assign to the company and why
    • What makes this idea attractive or unattractive
    • The competitive situation of the company (industry or peers)
    • Limit the text and financial analysis (charts, tables, etc.) to 2 pages (single-sided)

    • In the application, it helps to demonstrate interest in the subject matter, your aptitude for investing, and
    commitment to the work.

    10
    Value Investing Program: How to Apply

    • Monday, April 5, 2021 by 5:00 p.m.- Applications Sent to Students


    • Monday, April 26, 2021 at 12:00 p.m. (noon) - Applications Due

    Important Things to Note:


    • Applications should be sent to [email protected] as a single PDF file named
    LastName_FirstName.pdf.

    • You will receive confirmation that we have received your submission. Late submissions will NOT be
    accepted.
    • Using the VI Program application, you will also be able to apply for Compounders, Mental Models, and
    Advanced Investment Research. Admission to the VI Program does not guarantee you a seat in these
    three courses, it merely eliminates extra application documents.

    11
    Value Investing Program: Application Review Process

    • Your application will be reviewed by the Applied Value Investing professors and at least one member of the Heilbrunn
    Center staff.

    • At the professor’s discretion, phone interviews may also be scheduled.

    • The review/selection process is conducted with best efforts to match instructor/student preferences after the program
    students have been selected.

    • By applying to the Value Investing Program applicants agree to accept the decision rendered on their application.

    • Students will be notified on Friday, June 4, 2021 by 5:00 p.m. via email. All decisions are final.

    • We are unable to provide specific feedback on any applications. By submitting an application, you acknowledge that
    you understand this policy

    12
    Value Investing Program: Debunking Application Myths

    • This process is not one size fits all.

    • There is no set formula.

    • Highlight your interest and commitment to the subject.

    13

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