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Overview

With a focus on valuation methods, M&A, investment banking and financial intermediation, this Master of Finance concentration prepares students for handling the interaction between financial markets and corporates. Financial decision-making has an ever-increasing impact in the corporate world and thus this concentration prepares students for these challenges e.g when working in both reputable banks and small investment boutiques or corporates.

Modules

Equity Finance

The course introduces you to the characteristics of various equity securities and discusses the risks and rewards associated with them. Topics covered include optimal portfolio selection and asset allocation, the theory of asset pricing models, market efficiency, behavioral finance, as well as techniques for evaluating investment management performance.

Debt Finance

You will be introduced to the economic function of the Debt Capital Markets, which have seen substantial changes since the last financial crisis in 2007/08.

Emphasis is placed on the development of problem-solving skills, based on a good understanding of the business environment. The course also incorporates guest lectures from renowned practitioners from the industry.

Derivatives for Corporate Finance

In this module you focus on understanding the use of derivative products, gaining a theoretical understanding of forwards and options, learn to analyse and calculate hedges and how to implement these with Excel.

The course focusses on financial management from a treasury perspective.

Case Studies in Investment Banking

This module is taught by a professional who uses previous case studies from their professional experience in Investment Banking. It covers all important business areas that arise in investment banking practice, ranging from M&A / Private Equity, Equity Capital Markets and Debt Capital Markets. The course emphasises the role of the investment banking financial advisor and the importance in generating and completing deals that are in the best interests of their clients.

Corporate Valuation

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

Why Corporate Finance at FS?

“What we do is not just theoretical. The professors make sure that everything we are being taught has a “hands-on approach” as well. And this continues throughout the modules and is mainly achieved by projects and case studies.”

Get more insights from Konstanze here, a MoF student in her last semester of the Corporate Finance concentration.

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