FIN:9250/FIN:9260—Applied Security Analysis I & II
Spring 2024 & Fall 2024 Semesters
The Department of Finance and the Tippie College of Business are accepting applications for the 2024 Henry Fund research team. The Henry Fund is a $20.5 million endowed equity portfolio managed by select Tippie students, which fulfills the experiential-learning component for the Master of Finance (MFin) program.
Download the 2024 Henry Fund Application
The Henry Fund program develops investment research and portfolio management expertises while preparing students to use transferable skills in a variety of finance-related internships and careers, including equity research, investment banking, portfolio management, credit and financial analysis, wealth management, mergers and acquisitions, investor relations, venture capital, and corporate finance. Henry Fund analysts specialize in one or more economic sectors, providing an opportunity to gain a deep understanding of company, industry, and economic value drivers.
The Henry Fund is open to full-time Master of Finance (MFin) students. The size of the team will depend on the quality of the application pool. No prior finance or investments experience is required to apply. Successful candidates will likely exhibit excellent communication skills, strong analytical ability, a broad understanding of the economy, and a willingness to work very hard. The program is time-consuming, and candidates must be highly self-motivated.
Acceptance into the Henry Fund requires a two-semester commitment (FIN:9250/FIN:9260 Applied Security Analysis I-II, January-December 2024). Students admitted to the Henry Fund will also enroll concurrently in FIN:9150 Financial Modeling and Firm Valuation during the spring 2024 semester.
The spring semester (FIN:9250) focuses on developing a framework for security and portfolio analysis, acquiring valuation skills, and preparing for summer internships. Analysts are required to complete at least three original research reports each semester. Students also must monitor their assigned sector throughout the summer. The fall semester (FIN:9260) builds a deeper understanding of portfolio analytics, expands the research portfolio, improves valuation techniques, and enhances communication skills. Participation in the fall semester (FIN:9260) is contingent upon each student’s successful completion of the spring semester, defined as earning a grade of B+ or higher in FIN:9250. Students should leave the program with a developed research portfolio and prepared to begin their career search. Henry Fund students who target an investments career are also encouraged to enroll in the CFA Program.
Candidates must know and adhere to all rules and application procedures. Failure to abide by any of these requirements, rules, or deadlines may result in the rejection of your application. Please refer to the complete application for details.
Application Deadline (strictly enforced with no exceptions or extensions):
Saturday, November 18, 2023 at 12:00 p.m.
Required Application Materials:
- Electronic Submission Materials (Attach each of the following in PDF format and email to henry-fund@uiowa.edu by 12:00 p.m., 11/18/23):
- Cover Email Statement
- Updated Resume
- Tippie or Prior Institution Grade Report
- Research Report for Cal-Maine Foods, Inc. (CALM)
- Investment Presentation (Mon., Nov. 27 or Tues., Nov. 28, to be determined)
- If selected for the fund, attendance is required for the Henry Fund Advisory Board Presentations (Fri., Dec. 1, 10:00-3:00 p.m.)
Selection Process
Research report submissions are double-blind reviewed by a committee of Tippie College of Business faculty. The selection committee will not know the identity of each report’s author until after completion of the review. The investment presentations will provide a second filter to the selection process. The presentation panel consists of Finance faculty, MFin staff, and current members of the Henry Fund research team. (Current Henry Fund students will participate on the panel but will not have a formal vote in the team selection.) The final step in the team selection considers each candidate’s personal background, resume, interactions with Master of Finance program staff, and academic performance. Individual feedback will not be provided.
Henry Fund selections will be announced before the end of the fall semester to allow time for final course registration decisions. Economic sector assignments will be announced at this time as well. If selected, there is no guarantee that you will be assigned the sector of your choice.