Curriculum

The Master of Finance enables you to pursue in-depth studies in one of four "concentrations", based on a common foundation of shared core modules. You choose one of the following four concentrations:

• Capital Markets;
• Corporate Finance;
• Accounting & Taxation;
• Development Finance.

SEMESTER 1

The programme begins with 5 foundational core modules in the first semester:

• Statistics for Business & Finance;
• Principles of Economics & Monetary Economics;
• Financial Accounting & Management;
• Principles of Management;
• Principles of Finance.

SEMESTER 2

In the second semester, there are 3 further core modules:

• Leadership & Intercultural Management;
• Corporate Finance;
• Risk Management.

The second semester also offers the first 2 of your 5 concentration modules.


SEMESTER 3

In the third semester, there are 3 more concentration modules, plus a further core module:

• Business & Corporate Ethics.

You also take the first of your three elective modules.


SEMESTER 4

In the fourth semester, you choose 2 further Electives and you also work your Master's thesis. Optionally, you may also use the fourth semester for a study abroad period, taking modules in one of our partner universities.


CONCENTRATION MODULES (in Semesters 2 & 3)

The CAPITAL MARKETS concentration has the following 5 modules:

• Derivative Analysis (shared with the Corporate Finance concentration);
• Structured Products & Interest Rate Models;
• Credit Risk Default Models and Credit Derivatives;
• Financial Engineering;
• Market Estimation & Forecasting.

THE CORPORATE FINANCE concentration has the following 5 modules:

• Derivative Analysis (shared with the Capital Markets concentration);
• Financial Markets & Institutions;
• Debt Capital Markets;
• Equity Capital Markets;
• International Financial Management.

The ACCOUNTING & TAXATION concentration has the following 5 modules:

• Advanced Financial Accounting;
• Advanced Management Accounting;
• International Taxation;
• Financial Instruments in Accounting;
• Accounting Seminar.

The DEVELOPMENT FINANCE concentration has the following 5 modules:

• Finance & Growth;
• Financial Development;
• Microfinance;
• Project Management;
• Internship.

ELECTIVE MODULES (in Semesters 3 & 4)

There is a wide range of elective modules, of which you can choose 3. Topics include:

• Arbitrage Theory;
• Asset Management;
• Mergers & Acquisitions;
• Enterprise, Development & Regulation;
• Financial Stability;
• SME & Housing, Renewable Energy and Infrastructure Finance;
• Supervisory Risk Assessment;
• Financial Statement Analysis & Security Valuation