Gabelli School of Business students have the option to pursue a secondary concentration in alternative investments. Coursework in this sub-area of finance covers private equity, venture capital, hard assets, commodities, real estate investment management and hedge fund investing.
Students complete three courses to earn the secondary concentration. First, by the end of the fall term of their senior year, they take two of these four:
- Hedge Funds
- Real Estate Finance
- Venture Capital
- Private Equity
Then, in the spring of their senior year, they apply for and receive approval to take a research-based capstone course called Alternative Investment Strategies. This course focuses on the more esoteric aspects of alternative investing and on additional alternative assets that are not covered in standalone courses, such as timber, collectibles, managed futures and commodities.
Note: For the Classes of 2016 onward, FNBU 3441 – Investments and Security Analysis and FNBU 4455 – Hedge Funds must be taken to achieve the secondary concentration in alternative investments.
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This secondary concentration aims to prepare students to enter growth fields within the world of finance and diversify their expertise in ways that make them attractive candidates to employers. Professor Kevin Mirabile, who developed the sequence, said that the program helps Gabelli School students buck the trend of hedge funds tending not to hire employees directly out of an undergraduate program. It already has generated significant interest and job placements within the alternative investments industry.
Consider these other factors, too:
- The New York metropolitan area has the nation’s highest concentration of alternative investment firms.
- The capstone course on alternative investment strategies will cover about 60 percent of the content for the Level 1 Chartered Alternative Investment Analyst Association (CAIA) exam.
- There is an Alternative Investment Club that offers students advanced skill-set training, networking and practitioner exposure in the field.
For more information on the secondary concentration in alternative investments, please email Professor Mirabile.