The philosophy behind our educational initiatives is to provide students with knowledge and experiences that distinguish them on the job market. We focus on four fundamental areas: adding value in business, communicating effectively, developing back-of-the-envelope problem solving skills, and honing leadership/team skills.
Course Offerings – The Center provides students an array of courses to learn about the Alternative Investment industry. In line with the philosophy described above, our classes are co-taught by an academic and practitioner, and each one of them typically features a number of guest speakers.
Clubs & Organizations – The Center has several clubs affiliated with it at both the undergraduate and graduate level.
Competitions – We provide the opportunity for students to get involved with competitions throughout the year. The goal of these competitions is twofold: (i) allow students to put in practice what they have learned in class and (ii) open networking opportunities with industry professionals. All competitions are broadly structured in a similar fashion in which students act as investment professionals and actual investment professionals act as judges in the respective area of alternative investments.
- Doing Deals: Private Equity [MBA] – This class is a joint initiative between the Emory Center for Alternative Investments and the Emory Center for Transactional Law and Practice housed at the Emory Law School. This course gives students an understanding of the contracting process when engaging in a financial transaction. The genesis of this class is the recognition that transactions often break down when lawyers get involved. In this class we aim to give business school students the understanding and perspective of a lawyer and give law school students the understanding and perspective of a business person, with the goal of making both constituents more likely to succeed when they do deals. Syllabus
- Entrepreneurial Practicum [BBA, MBA] – This is course is designed to give students hands on experience in operations and finance working at an entrepreneurial venture. To do so, we partner with six through ten firms from Atlanta Technology Village (an Atlanta based incubator which houses over 280 young companies). To ensure that students are prepared to provide maximum value to their entrepreneurial venture, the class will have a broad focus on helping ventures raise money, understanding the key attributes of successful ventures and understanding strategies and tactics used to increase the probability of success. Syllabus
- Entrepreneurial Private Equity [BBA, MBA, EXEC MBA] – Over the course of the semester this class runs through a private equity transaction, from fund-raising to buying companies to selling companies. For each class there is a panel of three to five industry practitioners to provide expertise on the topic of the day. Prior to each class there is a networking reception with the panelist designed to give students an opportunity to network with industry practitioners. A second feature of this class is that we provide a framework on how to buy a company applicable to an average student in this class. Using this framework, in each of the last three years students have bought companies. Syllabus
- Fundamentals of Alternative Investments [EXEC MBA] – This class provides a basic introduction into alternative investments and features three areas that are of specific interest to executive MBAs: new venture financing, transaction structuring, raising capital and structuring an alternative investment vehicle. Syllabus
- Illiquid Alternative Investments [BBA, MBA] – This class originated from the idea that just as private equity and venture capital were relatively esoteric topics at business schools over a decade ago, today sparse attention is paid to the important activity at the periphery of the alternative investments space. This class aims to fill that gap by focusing specifically on these types of frontier illiquid type assets (e.g. alternative energy, timber, reinsurance, art). Syllabus
- Alternative Investments: Perspectives of Practitioners [EXEC MBA] – Over the course of the semester this class runs through the three main asset alternative asset classes: private equity, hedge funds and real estate. As the course title suggests, many sessions will feature a guest speaker to provide expertise on the topic of the day. Syllabus
Distressed Investing [BBA, MBA] – This course originated with the involvement John Grayken, CEO and founder of Lone Star Funds with the Emory Center for Alternative Investments. Mr. Grayken is one of the most successful investors globally and specializes in buying distressed assets. Given his expertise the Center built a class around buying assets that are declining in value. Most distressed investing strategies rely on the value of tangible assets. For Lone Star Funds this tangible asset is real estate; consequently, this class has a large real estate component to it. Syllabus
- Venture Capital and Private Equity [BBA, MBA] – The course surveys the private equity industry, with an emphasis on the financial and economic tools useful for leveraged buyout and venture capital investing. This class focuses on model building and valuation in venture capital and private equity. It serves as a foundation for the other classes offered by the Center. Syllabus
- Applied Investment Management [BBA, MBA]. Syllabus
- Corporate Governance and Restructuring [BBA, MBA]
- Investment Banking [BBA]
- Security Analysis and Portfolio Management [MBA]
Hedge Fund Competition – The Hedge Fund Competition is an internal competition designed to expose students to trading strategies exploited by hedge funds. Both the BBA and MBA students compete. They start by making an initial pitch to industry judges who allot each team a portion ($1mm – $10mm) of the judges’ “mock investment portfolio.” For the following two months the competitors execute the strategy that they pitched to the judges by tracking the P/L on mock trades. At the end of the competition, there is a final presentation where teams present the results of their trading and discuss how their strategy performed. The winning team is not necessarily the team with the highest return. Strategy, execution, andpresentation are all factored into the judges’ decision. Undergraduate teams who fully participate are given three credits towards their junior seminar requirement. Timeframe: November to January.
- Venture Capital Investment Competition (VCIC) – The Venture Capital Investment Competition is part of a global MBA competition with nearly 42 teams competing in regional competitions during the month of February and ten teams competing in the national finals. The Center hosts an internal competition open to both MBA and BBA students. The competition gives the participants the opportunity to act as Venture Capitalists. Local entrepreneurs pitch their businesses to the participants and subsequently negotiate and pitch a deal to the acting VCs who are judged on the structure, innovation, and feasibility of the proposed transaction by industry practitioners. In 2011 and 2013 Goizueta’s MBA team went on to win their regional division and placed third in the finals. Timeframe: January to April.
- Leveraged Buyout Competition – The Private Equity Competition is designed to expose students to buyout strategies employed by private equity firms. Both the BBA and MBA students compete. Competition participants create a proposal for a buyout transaction, including picking a company, structuring a termsheet, valuing the target company, and pitching their proposal to practicing PE professionals. Typical proposed transactions include taking public companies private, roll-up strategies, or asset liquidation. The judging criteria include the creativity and uniqueness of the pitch combined with the likelihood of real life success. Timeframe: March/April.
- Pitch to the Professors – Content coming soon…
Clubs & Organizations
Alternative Investments Group – The Alternative Investments Group (AIG) is a BBA student organization created within Emory University’s Goizueta Business School with the dual objectives of networking and educating Goizueta undergraduates in private equity, venture capital, and hedge funds. AIG prepares its members for careers in these areas, either immediately after graduation or following other work in finance. In support of this pursuit, AIG creates opportunities to learn about these industries and interact with various relevant professionals.
Goizueta Investment Management – The purpose of Goizueta Investment Management is to supplement students’ experiences in the MBA program by providing them with additional exposure to the areas of asset valuation and investment management through a student-managed investment fund. A contribution of $45,000 from the Dietz Scholarship Fund began the Goizueta Equity Fund (the “Fund”) in 2000, and in 2003 this initial amount was augmented by a $250,000 endowment from the Goizueta Business School. Learn More
Exceptional students with a passion for alternative investments as well as strong quantitative skills, excellent written and oral communication skill and strong interpersonal skills can apply to become Emory Center for Alternative Investment fellows. Fellows maintain and build relationships with the Center’s industry partners, conduct research in alternative investments, develop content for business cases, draft research proposals and provide program support.