- To share:
- Please take a few minutes to fill the course evaluation in the system and the wechat evaluation to help me make this course better. Your comments are always welcome and appreciated. Thank you.
- For course evaluation, please log in to http://electsys.sjtu.edu.cn/edu/
- For wechat evaluation (currently only in Chinese), 关注教务处微信公众号（SJTUjwc），进入右下方“课程评教”，采用统一身份认证登陆后即可对本学期所学课程进行评价，评课完成后可参与抽奖，中奖的学生将获得精美礼品一份（总共500份） http://www.jwc.sjtu.edu.cn/web/sjtu/198392-1980000003615.htm
- You may find the following comments helpful if you feel the final exam "too hard".
- "Help! I've just taken the worst chemistry exam ever produced!"
"There's a strange thing about exams. They always get easier between the time that students do them for real and the time that next year's students do the same paper for revision purposes. The paper that seemed so hard to someone taking it for real, seems just like any other paper when future students use it for practice.
It is natural to find the real thing harder than revision papers - it matters to you in a quite different way. Because you are worried about it, you come out of the exam remembering every single mark that you might have lost. You spend ages niggling about something that might possibly have cost you 2 marks, and ignore all the things that you got right.
The first thing to do is calm down! Once the exam is finished, it's past history and there is nothing whatsoever that you can do about it until the results come out. In my time as Head of Chemistry, I went to a lot of conferences about teaching chemistry. I can only remember one thing about any of them! Someone said: "If you've got a problem that you can't solve, it isn't a problem - it's a fact. So there's no point in worrying about it."
In other words, it is only worth worrying about things that you can do anything about.
Even if your exam was truly hard, that really doesn't matter - as long as everybody else found it hard as well. If you were the only person to find it hard, that's different - that's definitely not good news!
Exams always vary in difficulty - it's impossible to set papers of exactly the same degree of difficulty year on year, and so there are procedures in place to compensate for that.
The mark that you score on a given paper is very unlikely to be the mark that is actually reported to you to determine your grade. If the paper turns out to be harder than normal, the pass mark for a given grade is lowered. If it is easier than normal, the pass mark for that same grade will be made higher. Marks will be scaled - so that on a hard paper, a raw score of, say, 64% could produce a score reported to you as, say, 81% - probably an A if you are doing a UK-based A level. You will have lost more than a third of the marks on the paper, but if it was a genuinely hard paper you can still get a grade A.
I can remember my students coming out of a physical chemistry exam years ago - several of them in tears because it was so difficult. Later the same day they did an organic chemistry paper which they were pleased with. But when the marks were released, many of them seemed to have scored more highly on the harder paper than the easier one - because the marks were adjusted to allow for the difference in difficulty.
Every year in the UK journalists and political commentators get themselves worked up because some examiners (often maths!) have allowed people to pass with about 15% and get a grade A with about 30%. It's no big deal - the examiner that set the paper simply got it wrong and made it too difficult. It would have been totally unfair to fail everybody for something which wasn't their fault. Life's like that - examiners are just people who can make mistakes like all the rest of us. I'm not suggesting that extreme cases like this are welcome or even acceptable but, if they do happen, there are procedures in place for sorting out the mess."
- Exam date: June 12, 2017 Monday 15:40-17:40 工程馆218(Session 1) 219 (Session 2)
- Please go to the classroom according to the session you registered, not the session you sit in.
- You are allowed to bring in one piece of A4 paper, self-prepared with formulas. You can write on both sides and in any font. You can also printed it out. Multiples layers are NOT allowed though.
- Project Evaluation Form (Due on Thursdays at Midnight after each presentation)
- Presentation Schedule (Revised no presentations in Week 15 (June 1)):
- Session 1
- Group Case Schedule
- 1 AIG week 16
- 2 LTCM week 11
- 3 NPLs of Italian Banks week 13
- 4 Barings Bank week 12
- 5 Enron week 16
- 6 Daiwa Bank week 12
- 7 Lehman Brothers week 16
- 8 Northern Rock week 11
- 9 Continental Illinois week 10
- 10 Allied Irish Bank week 14
- 11 Citibank week 16
- 12 Banker Trust week 14
- 13 China Aviation Oil week 13
- Session 2
- Group Case Schedule
- 1 Enron Week 16
- 2 Banker Trust week 14
- 3 Barings Bank Week 12
- 4 Lehman Brothers week 16
- 5 China Aviation Oil week 13
- 6 LTCM week 11
- 7 AIG week 16
- 8 Citibank week 16
- Session 1
Bidding for Case Study starts on March 31, 2017 at 12:00 noon, Beijing Time
- The cases for bidding are as follows:
- AIG, Allied Irish Bank, Bankers Trust, Barings Bank, China Aviation Oil, Continental Illinois, Daiwa Bank (rogue trader), Lehman Brothers, LTCM, Société Générale (rogue trader) , Washington Mutual Fund, Northern Rock, Enron, Citibank (in credit crisis), 2011 UBS rogue trader scandal
- ONE of the group members send me an email AFTER 12:00 noon, March 31, 2017, and cc to all the other group members
- Email subject: FI323 Session (X) Group (Y) Bidding, where X =1 or 2 (session number), Y = 1, 2, 3, .... (group number)
- Email contents: Group name (such as session 1 group 1), Name of group members, at least three choices of cases
- The case will be allocated on first-come-first-serve basis, according to the order of the email show up in my email box.
- Important Notes:
- One email per one group. If multiples emails from one group are received, the time of email show up in my email box will be calculated as the time of the last email + 100 min * number of emails received from one group
- The email show up in my email box before 12:00 noon March 31, 2017 does NOT count as a valid bid (I use internet time on my computer). If the bidding email of a group show up in my mailbox before 12:00 noon March 31, 2017, I will send your group an email to bid again after all the valid bids are allocated.
- Please read carefully the instruction above before you send out the bidding email. Emails without proper subject, or without cc to all the group members, or without stating at least three choices will result in a lower chance of getting the case of your choice.
- 2017/03/20: Urgent: Everyone sign up the group again
- The webmaster of Blackboard accidentally delete the course of Bank Management and managed to restore the course just now. However all the group information was lost. I have to ask you to sign up again as soon as possible and please sign up to the group you signed up before. I am very sorry for the inconvenience this incident have caused. Thank you for your understanding and cooperation.
- 2017/03/18: Class Assignment 2 Q&A
- Q: How to get the data on the ROA and ROE of US commercial banks by size group?
- A: https://www.fdic.gov/bank/analytical/qbp/ download ratios by asset size group
- 2017/03/16: Lecture note 2 updated
- 2017/03/08: Lecture notes updated
- 2017/03/02: I have changed the setting of groups in BB system. You should be able to check the group members in each group and sign up to a group of your choice (after you have found your group members). If you are looking for group members or looking for a group to join, you may want to post an advertisement on the discussion forum in BB system.
- 2017/03/02: To take this course, please make sure you have adequate background in analytics, linear algebra, statistics, economics and finance. This is a course in Finance, focus on the risk management and quantitative analysis. This course is NOT suitable for students without any training in statistics, analytics or linear algebra.
- 2017/03/02: Most of the students are already enrolled in the Black Board System
- Important: After you login to BB system, please update your email in the BB system
- If you could not login to BB system or could not find Bank Management in the course list after you login, it means that you have not registered to the course in the system yet. Please send me an email with your student ID, name and registration information (register or sit in) ASAP.
- You may start to sign up to the projects in BB system once you have found your group member, please make sure that all the group members in a group sign in the same group.
- If you decide to withdraw from this course, but you are already enrolled in the BB system, please send me an email as well.
- About switching session:
- Only one-time switch is allowed. That is, if you would like to switch session from session 1 (2:00-3:40 pm) to session 2 (4:00-6:00 pm) or vice versa, you may do it once and stay the same session for the whole semester. Switch session back and forth are not permitted.
- Please send me an email with your student ID to confirm the switch. It is not enough to just put your name on the sign-up sheet.
- Please pay special attention to the location of the final exam of the session you registered in the system, and go to that classroom for final exam.
- About this course and class participation:
- This is an all-in English course, which means that all the lectures, discussion, homework, project and communication will be in English. If you find it is hard to follow the class due to inadequate preparation in English, then I would suggest you to take the Bank Management course in Chinese taught by Prof. Fu Yaping in the same semester. These two courses share the same objectives and topics, but may differ in teaching styles. Some students tried to learn by himself or herself by reading the textbooks without coming to the class, and it did not work. The lectures are not solely based on the textbooks or references, and I add a lot discussion based on my own research. Furthermore, some of the topics are taught through case study and discussion in class, hence it is important for every student to attend each class and actively participate in the class.