Prospective Students
The Michael Lee-Chin & Family Institute provides a specialized curriculum for MBA candidates at the DeGroote School of Business.
The MBA specialization in Strategic Business Valuation is intended to train investment professionals and future business managers in the best practices for business valuation. It draws upon traditional valuation techniques and interdisciplinary models as well as newer, more contemporary approaches, especially in the area of the valuation of intangible assets.
The program’s unique interdisciplinary approach prepares students to accurately profile firms using a variety of investigative techniques and models to identify those worthy of investment. The underlying philosophy is that wise investments are made for the long run rather than for quick returns through rapid buying and selling.
To assist in the recruitment of the best students in a highly competitive market, a fund for scholarships for students undertaking studies in the MBA program who select the specialization in strategic business valuation has been established.
The Michael Lee-Chin & Family Scholarships
Established in 2004 through the generosity of what was then called AIC Limited, a variable number of scholarships are available to students entering their second year in the MBA program, majoring in the Strategic Business Valuation specialization. Awards will be made on the basis of scholastic achievement. A total of 35 scholarships have been awarded between 2004 and Winter 2021.
To obtain the most recent version of the Scholarship Application Form, contact the MBA Student Experience office: RJC 333, mba.studentexperience@mcmaster.ca.
MBA Specialization in Strategic Business Valuation
What is Strategic Business Valuation about?
The MBA Specialization in Strategic Business Valuation is intended to train investment professionals and future business managers in the best practices for business valuation. It draws upon traditional valuation techniques and interdisciplinary models as well as newer, more contemporary approaches, especially in the area of the valuation of intangible assets. Since the program’s introduction in 2004, more than 100 students have graduated with a specialization in SBV, and 35 students have received Michael Lee-Chin & Family Scholarships valued at $5,000 – $10,000 each.
The underlying philosophy of this approach is that wise investments are made for the long run rather than for quick returns through rapid buying and selling. This approach requires the identification of firms for investment that have enduring financial health and growth. Such long-term potential can only be assessed through a complete analysis of the firm.
Career Paths and Prospects
Students in the Strategic Business Valuation specialization are the next generation of financial professionals. They learn best practices for business valuation through a unique interdisciplinary approach, which includes investigative techniques to identify the drivers of value in an enterprise, case analysis, and class discussion. They are exposed to interdisciplinary models and investigative techniques that thoroughly value the whole business, including both tangible and intangible assets, drawing upon both traditional valuation techniques as well as newer, more contemporary approaches. The purpose is to accurately and exhaustively profile firms to identify those that meet rigorous standards of excellence and growth.
What is the major role of a valuation specialist?
- Determine the fair market value of a business or an asset.
What kinds of firms hire valuation specialists?
- Financial institutions
- Portfolio management firms
- Consulting firms
- Investment firms
- Insurance companies
- Large, global organizations with in-house risk management/ finance expertise
What kinds of situations require valuation services?
- Buying or selling a business
- Investing
- Evaluation of estate or personal worth
- Selling, purchasing, or expanding a business
- Insurance claims
- Forensic Accounting
- Stock ownership and option plans
- Liquidation, reorganization
- Mergers and Acquisitions
- Valuing stock ownership plans
- Valuation of tangible and intangible assets
Objectives and Teaching Approach
The pedagogy in the specialization stresses the use of conceptual/theoretical material in analyses that have practical value in solving the kinds of problems and making the kinds of decisions that are encountered in the workplace. Graduates are thus prepared to enter unique positions in the financial and investment industry and are well prepared to assume positions of responsibility relatively quickly.
Please see our Course Requirements page for more information.
Strategic Business Valuation at the World Congress
Established in 1978, the McMaster World Congress (MWC) is an international business conference that has provided a collaborative framework bringing together academic researchers, business practitioners, management students and global thought-leaders to present, discuss and review the latest issues, trends, challenges and opportunities in the fields of corporate governance, intellectual capital and, as of 2007, strategic business valuation.
A special issue of Management Decision was devoted to the Strategic Business Valuation theme of the 2007 McMaster World Congress:
SBV Issue of Management Decision