Investment Management Honours (B.Com.) (87 credits)

Offered by: Management (Desautels Faculty of Management)
Degree: Bachelor of Commerce
Program credit weight: 87

Program Description

The B.Com. Honours Investment Management examines financial asset management, either on the buy side working with active portfolio allocation or on the sell side, working for brokerage firms. Rigorous training in accounting, statistics, and finance, including analyzing financial statements, performing company valuations, constructing efficient portfolios with appropriate risk profiles, and managing risk using dynamic trading strategies and derivative instruments.

The B.Com. Honours Investment Management is a limited enrolment program and is by application only for students entering their U2 year. A minimum CGPA of 3.3 is necessary for students to be eligible to apply. Additional information may be found at the BCom Student Affairs Office, or on our website. In order to graduate in Honours in Investment Management, students must maintain a minimum CGPA of 3.00 and maintain a minimum program GPA of 3.0. A grade of B- or better must be achieved in all courses counted toward this program. Students who do not satisfy all the requirements of the Honours program may still receive a Major in Finance, provided the major requirements have been met.

All B.Com. students take a Core curriculum in addition to the Honours program.

Note: For information about Fall 2025 and Winter 2026 course offerings, please check back on May 8, 2025. Until then, the "Terms offered" field will appear blank for most courses while the class schedule is being finalized.

Required Courses (72 credits)

Management Core

Course List
Course	Title	Credits
MGCR 211	Introduction to Financial Accounting.	3
Introduction to Financial Accounting. Terms offered: Summer 2025 The role of financial accounting in the reporting of the financial performance of a business. The principles, components and uses of financial accounting and reporting from a user's perspective, including the recording of accounting transactions and events, the examination of the elements of financial statements, the preparation of financial statements and the analysis of financial results. See course page for more information
MGCR 222	Introduction to Organizational Behaviour.	3
Introduction to Organizational Behaviour. Terms offered: Summer 2025 Individual motivation and communication style; group dynamics as related to problem solving and decision making, leadership style, work structuring and the larger environment. Interdependence of individual, group and organization task and structure. See course page for more information
MGCR 233	Data Programming for Business.	3
Data Programming for Business. Terms offered: Summer 2025 Introduction to data programming for management students. See course page for more information
MGCR 250	Expressive Analysis for Management.	3
Expressive Analysis for Management. Terms offered: this course is not currently offered. Focusing on skills with respect to analysis, writing and presentation in management. See course page for more information
MGCR 271	Business Statistics.	3
Business Statistics. Terms offered: this course is not currently offered. Statistical concepts and methodology, their application to managerial decision-making, real-life data, problem-solving and spreadsheet modeling. Topics include: descriptive statistics; normal distributions, sampling distributions and estimation, hypothesis testing for one and two populations, goodness of fit, analysis of variance, simple and multiple regression. See course page for more information
MGCR 293	Managerial Economics.	3
Managerial Economics. Terms offered: Summer 2025 The course focuses on the application of economic theory to management problems and the economic foundations of marketing, finance, and production. Attention is given to the following topics: price and cost analysis; demand and supply analysis, conditions of competition. See course page for more information
MGCR 294	The Firm in the Macroeconomy.	3
The Firm in the Macroeconomy. Terms offered: Summer 2025 Topics and tools of macroeconomics such as national accounting, the IS-LM model, the drivers of output and business cycles, and the basics of monetary policy and inflation. Emphasis on financial markets, the role of expectations, and the reasons for possible deviations from full information market efficiency. See course page for more information
MGCR 331	Information Technology Management .	3
Information Technology Management . Terms offered: Summer 2025 Introduction to principles and concepts of information systems in organizations. Topics include information technology, transaction processing systems, decision support systems, database and systems development. Students are required to have background preparation on basic micro computer skills including spreadsheet and word-processing. See course page for more information
MGCR 341	Introduction to Finance.	3
Introduction to Finance. Terms offered: Summer 2025 An introduction to the principles, issues, and institutions of Finance. Topics include valuation, risk, capital investment, financial structure, cost of capital, working capital management, financial markets, and securities. See course page for more information
MGCR 352	Principles of Marketing.	3
Principles of Marketing. Terms offered: Summer 2025 Introduction to marketing principles, focusing on problem solving and decision making. Topics include: the marketing concept; marketing strategies; buyer behaviour; Canadian demographics; internal and external constraints; product; promotion; distribution; price. Lectures, text material and case studies. See course page for more information
MGCR 372	Operations Management.	3
Operations Management. Terms offered: Summer 2025 Design, planning, establishment, control, and improvement of the activities/processes that create a firm's final products and/or services. The interaction of operations with other business areas will also be discussed. Topics include forecasting, product and process design, waiting lines, capacity planning, inventory management and total quality management. See course page for more information
MGCR 382	International Business.	3
International Business. Terms offered: this course is not currently offered. An introduction to the world of international business. Economic foundations of international trade and investment. The international trade, finance, and regulatory frameworks. Relations between international companies and nation-states, including costs and benefits of foreign investment and alternative controls and responses. Effects of local environmental characteristics on the operations of multi-national enterprises. See course page for more information
MGCR 423	Strategic Management.	3
Strategic Management. Terms offered: Summer 2025 An integrative and interdisciplinary introduction to strategy formation and execution. Concepts, tools, and practical application to understand how firms leverage resources and capabilities to gain competitive advantage in dynamic, contemporary industries. Strategic positioning, organizational design, and managerial action for the long-term success of businesses and positive social and ecological outcomes. See course page for more information
MGCR 460	Social Context of Business.	3
Social Context of Business. Terms offered: Summer 2025 Examination of how business interacts with the larger society. Exploration of the development of modern capitalist society, and the dilemmas that organizations face in acting in a socially responsible manner. Examination of these issues with reference to sustainable development, business ethics, globalization and developing countries, and political activity. See course page for more information

Honours

Course List
Course	Title	Credits
ACCT 354	Financial Statement Analysis.	3
Financial Statement Analysis. Terms offered: this course is not currently offered. Interpretative nature of the conceptual framework underlying a multitude of financial reporting standards, including the impact of alternative accounting methods, management biases and stakeholder interests in the analysis and valuation of the firm. See course page for more information
FINE 342	Corporate Finance.	3
Corporate Finance. Terms offered: Summer 2025 In-depth study of corporate finance, risk, diversification, portfolio analysis, and capital market theory. See course page for more information
FINE 440D1	Honours Investment Management Research Project 1.	1.5
Honours Investment Management Research Project 1. Terms offered: this course is not currently offered. Research work on company, industry, risk management, strategy and macro research reports, contemporary issues in finance presented by market practitioners. See course page for more information
FINE 440D2	Honours Investment Management Research Project 1.	1.5
Honours Investment Management Research Project 1. Terms offered: this course is not currently offered. Research work on company, industry, risk management, strategy and macro research reports, contemporary issues in finance presented by market practitioners. See course page for more information
FINE 441	Investment Management.	3
Investment Management. Terms offered: Summer 2025 Application of investment principles and security analysis to the selection and comparison of equity and fixed income securities in the current economic and financial environment. Also covered are: determinants of stock prices, growth models and portfolio diversification. See course page for more information
FINE 443	Applied Corporate Finance.	3
Applied Corporate Finance. Terms offered: Summer 2025 Concepts and techniques are applied to problems faced by managers in Corporate Finance, such as working capital management, capital budgeting, capital structure, dividend policy, cost of capital, and mergers and acquisition. Application of theory and techniques through case studies. See course page for more information
FINE 448	Financial Derivatives.	3
Financial Derivatives. Terms offered: this course is not currently offered. The course will concentrate on both the analytical and practical aspects of investments in options and futures. The first part of the course concentrates on option and futures valuation, considering both discrete and continuous time models. The second part of the course concentrates on the practical aspects of options and futures trading. See course page for more information
FINE 450D1	Honours Investment Management Research Project 2.	1.5
Honours Investment Management Research Project 2. Terms offered: this course is not currently offered. Continuation of research work on company, industry, risk management, strategy and macro research reports, contemporary issues in finance presented by market practitioners. See course page for more information
FINE 450D2	Honours Investment Management Research Project 2.	1.5
Honours Investment Management Research Project 2. Terms offered: this course is not currently offered. See full course description in FINE 450D1. See course page for more information
FINE 451	Fixed Income Analysis.	3
Fixed Income Analysis. Terms offered: this course is not currently offered. Fixed income financial instruments and their uses for both financial engineering and risk management (at the trading desk and aggregate firm level). This will involve coverage of fixed income mathematics, risk management concepts, term structure modeling, derivatives valuation and credit risk analysis. See course page for more information
FINE 482	International Finance 1.	3
International Finance 1. Terms offered: this course is not currently offered. The international financial environment as it affects the multinational manager. Balance of payments concepts, adjustment process of the external imbalances and the international monetary system. In depth study of the institutional and theoretical aspects of foreign exchange markets; international capital markets, including Eurobonds and eurocredit markets. See course page for more information
MGSC 372	Advanced Business Statistics.	3
Advanced Business Statistics. Terms offered: this course is not currently offered. A practical managerial approach to advanced simple and multiple regression analysis, with application in finance, economics and business, including a review of probability theory, an introduction to methods of least squares and maximum likelihood estimation, autoregressive forecasting models and analysis of variance. See course page for more information

Complementary Courses (15 credits)

Quantitative Courses

6-9 credits from the following:

Course List
Course	Title	Credits
ACCT 451	Data Analytics in Capital Market.	3
Data Analytics in Capital Market. Terms offered: this course is not currently offered. Exploration of how financial and non-financial metrics can be linked to business performance through experiential learning, with a focus on financial statement analysis, earnings and return predictability, textural analysis, earnings management and fraud detection. Introduction to SAS software and financial accounting databases such as CRSP, Compustat, and I/B/E/S, and alternative data sources such as SEC Edgar that enables work across different database to make better financial statement analysis and decisions. See course page for more information
ACCT 452	Financial Reporting Valuation.	3
Financial Reporting Valuation. Terms offered: this course is not currently offered. Models to determine firm value from accounting information and a broader perspective on key sources of information, key value drivers, in a setting where evaluating firm value is the ultimate purpose. See course page for more information
FINE 434	Topics in Finance 1. ¹	3
Topics in Finance 1. Terms offered: this course is not currently offered. Topics will be selected from current issues in the Finance Area. See course page for more information
FINE 435	Advanced Topics in Finance 1 ¹	3
Advanced Topics in Finance 1 Terms offered: this course is not currently offered. Advanced topics will be selected from current issues in the Finance Area. See course page for more information
FINE 449	Risk Management in Finance.	3
Risk Management in Finance. Terms offered: this course is not currently offered. Understanding, quantifying, and managing different types of financial risks. A broad overview of the tools required of someone pursuing a career in risk management, whether it is at a bank, an asset management fund, or a non-financial business. Topics include corporate hedging with derivatives, volatility and correlation modelling, non-normal distributions, Monte Carlo and historical simulations, liquidity risk, and capital requirements. See course page for more information
FINE 452	Applied Quantitative Finance.	3
Applied Quantitative Finance. Terms offered: this course is not currently offered. The course is built around a series of practical applications (backtesting trading strategies, yield curve modelling, derivatives hedging) and consists of lab sessions where lectures are mixed with time and support for solving the tasks in Matlab. No programming experience is required, but a willingness to learn is. See course page for more information
FINE 460	Financial Analytics.	3
Financial Analytics. Terms offered: this course is not currently offered. An extensive study of the empirical methods casually used in the different subfields of finance. Examination of the most popular statistics models used in finance, both from a theoretical and practical point of view. An important emphasis will be put on the distinction between models of financial mechanisms, and those motivated purely by efficacy. See course page for more information

¹: FINE 434 Topics in Finance 1. and FINE 435 Advanced Topics in Finance 1 can count as a complementary course with approval of the Academic Director.

Industry Specialization Courses