Curriculum

Curriculum

The MSc Finance & Investments Advanced is a 90 ECTS programme with a duration of 16 months. It consists of 60 ECTS towards the degree plus 30 ECTS of additional components: advanced courses, enhanced career preparation, an internship, high-profile external lecturers, intensive contact with corporate partner companies and study trips. 

  • Curriculum overview MSc Finance & Investments Advanced
      • This course provides insight in the working of the financial system, both financial markets and institutions. Topics include financial integration, financial innovation and new developments like FinTech. The causes of the Great Financial Crisis are also analysed. Drawing the lessons from the crisis, the course deals with key policy areas for the financial sector: financial supervision, financial stability, and competition policy.

        • This course covers advanced principles of modern corporate finance. Students will learn to apply advanced corporate finance tools and techniques to practical situations. The course relies heavily on case studies prepared by students. Topics include valuation basics and capital budgeting techniques, payout policy and capital structure, financial and real option applications, project finance, international risk and cross-border valuation, and raising external equity finance. As such, this course is designed as a follow on to core courses in finance.

          • The course takes the user perspective of financial statements (investment analyst, portfolio manager, business analyst) as she interprets financial reports, analyses performance, prepares forecasts and applies valuation techniques. The course has a practical emphasis with many examples from industries such as Retail (Tesco), Luxury (LVMH), Autos (Tesla) and Mining (Glencore and Xstrata).

              • The course goals are to study financial decision-making by investors and the determinants of stock and fixed income market prices. We will develop a critical understanding of key theories of asset pricing and portfolio allocation, review the latest empirical evidence, and discuss and discover the implications for real-world investing.

                  • The course introduces students to (financial) risk management, both from a business as well as a regulatory perspective. Students will be familiarized with techniques to measure and manage market risk, credit risk, operational risk, and liquidity risk. Students will also learn how risk models can be used in strategic decision making. The material will be illustrated with cases and guest lectures.

                      • In this course students will develop both theoretical and practical insights to perform (corporate) valuations. Starting with discussing core valuation theory, this course analyses a variety of valuation models such as Discounted Cash Flow, Multiples, Residual Income, Leveraged Buyouts analysis and applies them to real life companies. More complex valuation topics like the impact of M&A deal structuring on valuation, and the valuation of distressed assets and start-ups are also covered. Several guest speakers are invited from investment banks, consultancy firms, and private equity.

                          • This course builds the practical skills and strategies you need in order to remain true to your values in the face of workplace challenges, and the ability to analyse and address your firm’s impacts on stakeholders including employees, customers, neighbouring communities, and the natural environment, whether as executive or investor.

                              • Leadership Skills
                              • Management techniques and cultures
                              • General communication and social skills

                              These soft skills enhance your effectiveness in the corporate world.

                            • The objective of the Career Development Programme for Finance and Investments Advanced is for students to identify and attain immediate, mid- and long-term career goals, through Individual Coaching, Workshops and Career Events. The career development journey begins with personal reflection on interests and motivations, before moving on to developing knowledge of the financial job market, functions, companies and industries. Once the students have targeted their desired roles and sectors, they will intensively start working on preparing their internship and job applications.

                            • Study trip to Frankfurt, the largest financial centre in continental Europe and home to the European Central Bank, Deutsche Bundesbank and the Frankfort Stock Exchange, accompanied by career manager or academic director.

                            • The objective of the Career Development Programme for Finance and Investments Advanced is for students to identify and attain immediate, mid- and long-term career goals, through Individual Coaching, Workshops and Career Events. The career development journey begins with personal reflection on interests and motivations, before moving on to developing knowledge of the financial job market, functions, companies and industries. Once the students have targeted their desired roles and sectors, they will intensively start working on preparing their internship and job applications.

                            • Students choose one of two tracks. Each elective is 6 ECTS.

                              Professional Asset Management
                              Many billions of dollars are invested worldwide through professional money managers.  This elective analyses the asset management industry, and addresses questions like: What is the value of active management? Are hedge fund managers worth their fees? How do pension funds select asset managers?  What is factor investing and is it worth the effort?

                              Derivatives and Structured Products
                              Recent turbulence in financial markets, changing investor demographics and increased sophistication of investment banks has led to an explosive growth in derivatives and customised investment products: Structured Products. This course examines how simple derivative products can be used to develop such products and will consider techniques for pricing and risk evaluation. The aim is to learn how derivatives and structured products can be used in both asset management and ALM.

                              Quantitative Investment Analysis
                              This course will take the students on a journey through a series of relevant investment cases that have carefully been selected in cooperation with several leading financial institutions. The case-based setup of the course will optimally facilitate the students’ learning experiences by requiring them to use empirical finance theory in real-life applications. After following the course, students will be able to perform stock selection strategy backtests, run dynamic risk models (e.g., GARCH), price complex options, and evaluate investment fund performance.

                            • Students choose one of two tracks. Each elective is 6 ECTS.

                              Commercial and Investment Banking
                              Banks have undergone tremendous changes in recent decades: the new regulatory landscape, financial innovation and technological changes all had a profound impact on their environment. This course introduces students to how commercial and investment banks conduct business in a modern financial system and the challenges that arise for both the management and the regulation of banks.

                              Treasury Management and International Finance
                              Treasury management is a continuously developing area of expertise in today’s international financial markets. From a corporate perspective the objective of the treasury function is not only to manage financial risks but also to generate (shareholder) value for the multinational company. The objective of this course is to discuss the different areas of treasury management by combining theoretical frameworks with practical experience and case studies.

                              Entrepreneurial Finance
                              The aim of the course is to present the theory and practice of the financing of entrepreneurial firms. Special attention will be devoted to understanding the motivations of the different players involved (mainly investors and entrepreneurs) and how to reconcile their interests through proper deal structuring. Next to more traditional sources of entrepreneurial finance such as business angel and venture, the course also offers a special focus on different forms of crowdfunding, which involves raising funds through the Internet. 

                               

                               

                            • The Living Management Seminar aims at bringing together state-of-the-art academic and practical knowledge in finance. It covers five advanced topics, including mergers and acquisitions, private equity and corporate social responsibility. The lecturer will provide students with an academic introduction and the expert from the corporate partner assigns a case study to the groups. Afterwards, students will work in groups on the case study (group assignments). Students will present and discuss their solution of the case with the lecturer and the corporate experts.

                            • Climate change has a profound impact on the economy. This course analyses the disruptive scenario of a transition from a high to a low carbon economy. Sustainability has moved to the strategic corporate governance agenda with a focus on long term value creation. The course shows how the financial sector can apply environmental, social and governance (ESG) criteria in their lending and investment decisions.

                            • RSM supports every student through the process of researching and writing their MSc master thesis. The Research Skills course is the first stage of your preparation. You will learn the skills needed to work with data, conduct an empirical analysis, and write an academic paper, all of which are essential skills. You will conclude the course by writing your thesis proposal, as an important step on the way to successful completion of your master thesis.

                            • An internship enhances your practical skills and provides excellent preparation for your first job, so it has become an important part of the MSc F & I Advanced curriculum. It can be in the form of a regular internship, a traineeship, or training on the job, and you can choose to work for corporate organisations, financial firms or supervisory agencies. You can integrate your internship with the thesis, running parallel to the thesis trajectory, for example, or you can do it after you have written your thesis.

                              The minimum requirement is 6 full weeks, or the part-time equivalent, and you will be supervised by a company supervisor and an academic supervisor. There are no ready-made internships nor placements. The internships are individual and therefore enormously variable, and it is up to you to secure a place. Through the Career Development Programme you will learn how to prepare a suitable application and the Career Development Manager will help you further during the individual coaching sessions. You will also have a plenty of chance to connect with the companies where you could do your internship, as the Career Development Programme comprises of many activities with our Corporate Partners and RSM Alumni.

                            • The master thesis is an opportunity to demonstrate your depth of knowledge and thinking abilities. Many students have used their master thesis as a springboard to launch a career in a subject that is of great personal interest. You can combine your thesis with your internship as a way of adding practical depth to your thesis, or as a way to access company data that might otherwise be unobtainable.