Financial Advisory Concentration

Upon completion of the course, students have a solid understanding of the role of different financial institutions and of the key drivers of structural changes in the financial sector. They are able to evaluate how financial institutions are affected by a changing environment. More specifically, students have a thorough knowledge of threats to the stability of individual financial institutions and of mechanism endangering the resilience of large parts of the financial system. In addition, students understand the reasons for financial regulations enabling them also to assess the consequences of regulatory changes for the financial industry.

Upon successful completion of this module students will be prepared for a career in consulting firms, the financial advisory task of audit firms, and more generally for executive positions in the finance function of medium sized large corporations. 

The module is divided into three parts, starting with the discussion of financial reporting quality followed by the decision-making uses of financial information and at the end students will take part in a workshop where they will write algorithms in STATA. Overall you are able to use tools which measure financial reporting quality and evaluate how it affects decision-making on e.g. equity and debt markets, as well as in compensation contracts.

 This course focuses on the valuation of equity securities. The techniques consist of preparing pro-forma financial statements, forecasting of free cash flows, application of valuation models, and understanding market-multiple valuation approaches. It emphasizes the role of financial statement data in equity valuation, using advanced cases from and around actual financial statements. 

Our students must choose 2 elective modules related to Financial Advisory.