As part of your Master of Finance, you will have the opportunity to take four electives of your choice once you have successfully completed all of the core courses. You can opt to build upon the knowledge you have already acquired during your core courses, or you can choose to pursue greater understanding in an area of personal interest.
The electives listed here should be taken as a sample. We strive to keep our electives as relevant as possible so courses are subject to change and different electives are offered at each of our campuses.
This course goes beyond the rational corporate models used in financial decision-making and examines how non- financial factors such as people’s own cognitive, neurological, and unconscious processes may bias and unknowingly influence decisions made by financial managers. The basic theories and tenets of behavioral finance will be covered with applications to both corporate finance and investments. Students will learn to uncover and diagnose biases in themselves and others and evaluate their impact on financial decision-making.
A new business does not have the financing opportunities of an established business. The purpose of this course is to present effective financial and business techniques necessary for a successful business startup. This course covers the essential tools and know-how you need to build a sturdy financial foundation for a profitable business. A practical road map is developed to guide the student in crafting a meaningful business plan, fundraising and business execution needed to bring the business to the next level, and developing an exit strategy. This course offers potent methods for entrepreneurs to keep financial control of their enterprise and insightful tips for avoiding the multitude of financial barriers that may block their entrepreneurial dream.
This course will teach the mechanics of modeling and will attempt to equip participants with a general framework as well as “cookie cutter” tools to help them perform various practical financial structuring and modeling tasks as done in most investment banks, private equity funds, and corporate finance departments. The course is designed to make participants think about the detail of creating a financial model and learn about the different types of models used for different purposes. The course will provide a comprehensive picture of why modeling is hopeless without clear structuring, and vice-versa.
Designed for business leaders, investment professionals, management consultants, and entrepreneurs, this course identifies the business strategies and activities that will maximize the creation of wealth, and how to evaluate a business’s ability to do so. The course teaches concepts of business strategy and performance through an examination of valuation as value-creation. Through a comprehensive seminar format broken into a series of modules, this course surveys and applies the interrelationships between business strategy, execution, performance, and valuation: in other words, plans, actions, cash flow results, and forecasts. Traditional and advanced performance and valuation techniques are examined in specific relationship to valuation issues such as behavioral finance, competitive advantage analysis, business strategy, and execution. The course tackles guiding insights for fundamental valuation through Macro theme identification, idea generation, bottom-up analysis, and asset allocation strategies. This course focuses on the link between strategy and valuation – converting qualitative understanding of company initiatives into quantitative forecasts and ultimate impact on valuation – and the reverse. For this reason, it covers fundamental and quantitative techniques which have been dubbed Quantamental™ linking planning to actions to results to forecasts. Throughout the course, participants will be immersed in fundamental, quantitative and technical aspects of valuation, and will leave the course with a greater understanding of what drives stock prices, and what matters most in strategic decision making.
How do you create corporate value by restructuring a company or by undergoing a business combination? This course focuses on the design, analysis, and implementation of financial strategies aimed at repositioning and revitalizing companies faced with major competitive or environmental challenges, problems, and opportunities. Discussions will focus on debt restructuring, leveraged buyouts and recapitalizations, corporate downsizing programs, mergers and acquisitions, corporate spin-offs, divestitures, and tracking stock. We will also examine the players in the M&A arena and explore major deals that have impacted Wall Street. Emphasis will be given to the contemporary expectations and requirements of good governance, based on the roles corporations play in society, and the timing and principles of merger integration.
Uber and Airbnb have massively disrupted the transportation and lodging industries. Thousands of other “sharing” ventures hope to have similar impacts on other sectors. This course explores businesses that embrace collaborative consumption, where the firm’s primary function is to create a new market to match pre-existing supply of underutilized assets with potential demand. The success of such startups reduces the need for new taxis, rental cars, and hotel rooms, but they also reduce wages and taxes collected in these industries. What are the economics that drive this disruption? How are these economics different for different business models and sectors? What are the early and eventual strategies that new business ventures like these are taking? What strategies could incumbent firms adopt to counter this threat? How will the sharing economy influence broader markets, regulations, and politics?