Finance is the language of business. It permits different corporate areas, functions and processes to communicate and thus achieve the companies' strategic objectives. Finance also represents the underlying structure and code enabling companies to function. Planning and decision-making within a financial context permit firms to make better use of their resources and achieve competitive advantages. ESADE has designed this advanced programme in response to the constant demand for training by professionals who face such a dynamic and ever-changing world such as the financial field. Through an integral learning experience, the programme provides an in-depth exploration of the techniques and policies participants will need later on to manage and plan their companies' strategic futures in a highly competitive, innovative and international setting. It aims: 1. To provide a systematic focus on corporate operations analysis, allowing for value creation from the Financial Management point of view. 2. To provide participants with a global vision, enabling them to analyze financial statements, make investment decisions, familiarize themselves with business appraisal methodologies and make risk coverage decisions through the use of derivatives.
DEGREE AWARDED
This is an MBA degree program in Financial Management. On successful completion of the programme and gain competencies, a student will be awarded the MBA Financial Management.
EMPLOYMENT OPPORTUNITIES
Upon completion of the MBA in Financial Management you are prepared for a career in financial management within an SME or multinational organisation; or in a consulting firm. Graduates can taken on positions such as: financial trainee, financial management consultant, financial analyst, business consultant, business analyst, business trainee, assistant treasurer, or assistant controller. Although geared toward the financial side of management, this programme also provides a sound basis for more general managerial tasks
EDUCATIONAL OBJECTIVES
The core objectives of this Master's programme can be summarised by the five A's of financial management: Attract, Allocate, Administer, Analyse, and Anticipate. 1. Attract: Attracting money involves key decisions on the source of financing. This programme will provide you with insights into the dynamics of international capital markets and how they can be used to raise capital for everything from start-ups to multinational mega-projects. 2. Allocate: In today's fast-changing business environment, modern financial managers need a state-of-the-art tool-box to make complex capital budgeting decisions. Which projects in a company should get funding? How much and why? You will analyse how to estimate cash flows, to calculate costs of capital in both domestic and international settings, and to use a real option framework to handle highly uncertain and irreversible investment and allocation decisions. 3. Analyse: Financial managers need to constantly analyse and monitor the firm with respect to profitability, liquidity and solvency. This involves financial statement analysis and cost calculations. As a financial manager you also need to manage and monitor different risk exposures. 4. Administer: In support of analytical activities and systems, a financial manager needs several administering activities such as collecting, registering, consolidating and reporting financial data (quarterly and annual reports). Knowledge of financial accounting and expertise in treasury is important here. 5. Anticipate: An important task of the (chief) financial officer is to anticipate future events and cash flow streams. Cash planning, budgeting, investment planning, and risk assessment are crucial activities in this area.