Rotman School of Management

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Major in Funds Management

Where investment strategy meets industry demand

Because many investors prefer to leave their money in the hands of an expert, the fund manager plays an important role in the investing world. A skilled funds manager can significantly boost the returns of a portfolio.

A fund manager is an investment professional who oversees the investments within a portfolio. The manager is responsible for making decisions related to a portfolio of investments, including mutual funds, pension or insurance fund, in accordance with the goals of the institution. The manager may work for an institution, such as an insurance company, pension fund or charity, or a private investor.

The manager implements the investment strategy of the firm by choosing when to buy or sell the assets held in a portfolio. Usually a fund manager will supervise a team of analysts who perform research on the investments and then make buy/sell recommendations.

"It’s an established truth of investing that keeping high amounts of cash can act as a drag on fund performance. It's also wrong."

-Mikhail Simutin, assistant professor of finance, in an online article

Requirements to complete the major

In the Funds Management Major, you will learn both the mechanics of how investing is done and to understand the relation between the investment strategy and the underlying needs of the industry.

As part of the major, you must successfully complete three of the following core courses:

Core courses
  • Security Analysis and Portfolio Management
  • Risk Modelling and Financial Trading Strategies
  • Financial Institutions and Capital Markets
  • Analysis and Management of Fixed Income Securities
  • Value Investing

It is also recommended you choose courses from the following selection:

  • Current Issues in Financial Reporting and Disclosure
  • Options and Futures Markets

Topics covered

Security Analysis and Portfolio Management covers theories and techniques that underlie the construction and management of optimal investment portfolios, emphasizing the risk-return tradeoffs that are appropriate for different types of investors. It explores key elements of the investment management process, including development of objectives and constraints and implementation and management of equity, bond, and balanced portfolios.

Value Investing focuses on the fundamental value-based approach to investing, e.g., finding undervalued companies based on their estimated intrinsic values.

Analysis and Management of Fixed Income Securities focuses on fixed income securities. It provides the tools to analyze and understand various bond structures, yield curve strategies and different fixed income products across the credit spectrum.

Risk Modeling and Financial Trading Strategies uses cases to simulate the risks and opportunities associated with particular securities or strategies to allow students to learn how to make good investment and risk management decisions when faced with uncertainty and quantifiable risks.

Financial Institutions and Capital Markets provides students with an understanding of how financial institutions and capital markets function.

Career paths

The major is designed to prepare students for careers in the funds management industry. The major players in this industry are pension funds, insurance companies, and mutual funds. In each case the investment decisions are shaped by the objectives of the firm or industry. Our objective is to teach you to both understand the mechanics of how investing is done and to understand the relation between the investment strategy and the underlying needs of the industry.­­

Flexible Internship Program

The Rotman Full-Time MBA Program provides a unique opportunity for students to integrate and apply management knowledge gained within the program through a 4-month internship. Students are required to complete the course “Applied Management: Placement” in conjunction with a work placement which may be done in the Summer, Fall or Winter terms. Depending on their academic area of concentration/major and career objectives, students will be guided on the best work term option to secure a placement with an employer. Throughout their work placement, students will benefit from enhanced communication with their host employers, tracking of project deliverables and feedback from faculty supervisors.

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