This course is designed to introduce students to the public pension system in our country. The course will review public pension history, the current marketplace, and the role public pensions play in the overall retirement security in the U.S. The course will address the current challenges that publ
U.S. public pensions are some of the largest institutional investors in the world, both affecting financial markets and influencing the global asset management industry as a whole.
Public pensions are also an important leg of the three-legged stool of retirement security in this country Social Security, pension (public and private), and personal savings.
This course is designed to introduce students to the public pension system in our country. The course will review public pension history, the current marketplace, and the role public pensions play in the overall retirement security in the U.S. The course will address the current challenges that public pensions face, specifically the well-publicized funding crisis.
Public pension design (defined benefit, defined contribution, hybrid), and the actuarial concepts on which it is based, will be discussed and evaluated as both the cause of and potential solution to the pension crisis.
The class will discuss public pension governance structures and the emerging body of governance research, touching upon investment infrastructure and expanding models of delegated authority. In addition, the course will focus on public pension investment policy and investment portfolios including the move into alternatives, private markets, and ESG investments as pension look for more investment return.
Students pursuing careers in asset management (portfolio management, client service, or business development) or investment consulting should be interested in this course to better understanding how the largest clients in these sectors are managed and operated.
Students interested in the role public pensions play in retirement security in this country today, and how these organizations will evolve to address the challenges they face, should be interested in this course.
Finally, students interested in the growing influence of public pensions and their part in “institutionalizing” newer investment strategies (activism, alternatives, private markets, and ESG) would benefit from this course as well.
Prerequisite
Complete ANY of the following Courses
B8306 : Capital Markets & Investments
or B7306 : Capital Markets & Investments
Pursue Your Career Interests
Whether you are just thinking about what you’ll take in school, already majoring in business, or starting on your professional path, this program helps you discover the business area that’s right for you. You will experience Ivy League faculty through one of the nation’s top business schools and the top ranked global MBA program according to Financial Times. At the center of world commerce, we offer a faculty of leaders renowned in their fields.
You will acquire the tools you need for your future from expert practitioners. All programs are 100 percent online, allowing you to study at your own pace. You’ll be guided by mentors and collaborate with motivated peers from around the globe. You will also complete a final project and receive a certificate of participation from Columbia Business School.
How You Will Benefit
Online programs are available throughout the year — pick a subject that fits your passion and your schedule
Experience what it’s like to take a program designed by Columbia Business School faculty
Flexible learning: lectures by professors are delivered through dynamic videos, so you can tune in whenever your schedule allows — the ultimate in flexibility
Work with mentors who can support you and answer questions as you deepen your learning experience
Earn a certificate of participation from Columbia Business School
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