Masters In Finance Pr OG Ra M S - IE
Masters inFinanceP R O G RA M SFull-timeMaster in FinanceMaster in Advanced FinancePart-timeGlobal Master in Finance
A word from ouracademic directorAre you considering a career in capital markets or investment banking?Are you interested in working in Hedge Funds or as an entrepreneurwith a firm supported by private equity, perhaps you would like toleverage opportunities provided by microfinance? Do you see yourselfas the future CFO (Chief Financial Officer) of a company? Do you wantto understand the roots of, and the opportunities offered by the currentmonetary policy environment? If your answer to any of these questionsis ‘yes’, and you feel prepared to undertake one of the most challengingand rewarding experiences of your life, you should consider applyingfor one of IE Business School’s finance programs.Now is the besttime to invest inyour financial education, so that you are wellpositioned to reap the benefits provided byan economy which is to be financed by capitalmarkets going forward.The Master in Finance is an eleven-monthfull-time program aimed at recent universitygraduates, with limited or no professionalexperience, who aspire to work in thefinance industry at an analyst level. Theprogram covers key topics for today’s financeindustry - including investments, mergersand acquisitions, and private equity - andadmitted students have the opportunity toprepare for Level I of the CFA examination.The Master in Advanced Finance is a twelvemonth full-time program for professionalswith at least 2 years of professional experiencein finance or related industries and jobpositions. Participants undertake a programdesigned to focus their career in the financialworld. Whether admitted participants’academic and professional backgrounds arein finance or not, the program allows them toprepare an ambitious career in the financialworld by equipping them with an in-depthunderstanding of the most advanced fieldsin finance today, including financial stability,behavioral finance, fixed income, and equityderivatives.The Global Master in Finance is a fourteenmonth blended program that combines
3face-to-face and online interactive distancelearning periods aimed at professionals andexecutives who wish to gain an in-depth andpractical knowledge of financial markets andcorporate finance without giving up theircurrent activities. The program not onlyexplores deeply the foundations of financein areas such as capital markets, valuation,and derivatives, but also innovative areasof finance such as risk governance andcommodities markets.All of our Masters in Finance programs coverup to the minute knowledge in key areas offinance that now play a critical role in thefinance world, such as: risk governance;capital markets; current global economicissues; financial entrepreneurship; and howto invest in current markets using a marketsimulation. Furthermore our full timestudents can specialise in different areas offinance through a pool of 57 different electives,an offer which is unknown in any other masterin finance. The master programs also equipstudents with the practical business skills theywill need to succeed as a financier, includingpresentation skills and negotiation. Thesemaster programs employ a highly practicalapproach; students can expect to not onlygain theoretical knowledge, but to also applyit to today’s financial markets, demonstratingtheir ability to use their skills to generateprofit. They may also be required to selectinvestment opportunities for private equityfirms, analyze these opportunities, valuethem, and present a finance plan to the facultyand to a real private equity investor.Additionally, IE Business School’s “Titansof Finance” Conferences offer students theopportunity to meet industry experts fromall fields of finance, thereby gaining usefulcontacts in the business world.One of the most rewarding experiencesoffered by the Master in Finance programmeis the possibility to discover the world ofMicrofinance, a tool to eradicate poverty, andapply your knowledge, it is available in thefinal exam option offered by IE and it will givestudents a hands on experience, in a real probono consultancy project for a Microfinanceinstitution in Ghana, making the experiencereal and unforgettable.IE also offers another valuable and powerfultool: networking with IE’s 4,000 financealumni through our web-based financecommunities, where current students andalumni can access advanced knowledge in thefield of finance, discuss key financial topicswith their colleagues, or share job offers.If you feel passionate about a career in finance,and feel ready to undertake this exciting andrewarding endeavor among a select group ofindividuals, we look forward to welcoming yousoon to one of IE Business School’s Masterin Finance programs.Ignacio de la TorreAcademic Director,Masters in Finance Programs,IE Business School
1. Masters in Finance Programs atIE Business SchoolThe Masters in Finance programs take a detailed and disciplined look at the tools,techniques, theoretical know-how, and practical focus that make it possible to putthese functions into practice. The experience is enhanced by additional studies andtools that assist decision-making in areas directly or indirectly affected by the financialmanager’s actions.A highly appealing syllabus designed byprofessionals from investment banking basedon the needs of financial recruiters.World-class faculty with 93% of practitionersworking in top finance sectors and combiningtheir teaching functions with professionalactivities in the business world. They createrich and challenging programs thanks totheir practical experience and a genuinewillingness and desire to share theirknowledge.Practitioners enable us to have a fluentdialogue with company requirements, needsand hiring trends. We understand the maintrends in each area of finance and adapt tocompany needs in a quick fashion so ourstudents are attractive to recruiters.Access to employment in capital marketsthrough a syllabus with a strong foundationin derivatives, mergers & acquisitions, privateequity, asset management, and financialstatement analysis.Enormous tool kit and resources tomanage your future professional career.From in-house company presentations topersonal advisory services from the careermanagement center. A class of proactivestudents as proactiveness is the key to landyour desired job.Appealing final exam options includingacademic case studies or research, CFAEquity Research Competition Projects;equity research and IPO valuation projects;valuation of a company owned by a privateequity f irm; academic research; or aMicrofinance Project in Ghana, with a fieldtrip to that African country.
5Strong 3,700 alumni network from IEBusiness School’s finance programs since1977 and which is supported by financeoriented networking (LinkedIn FinanceAlumni Group, Finance Club, Private EquityClub, IE Ambassadors around the globe,and many other finance communities).Networking is one of the most powerfultools our students have to secure an excitingcareer post graduation and beyond.An eminently practical approach; studentswill be asked to make interactive and virtualinvestments with a portfolio using internetbased simulators and Bloomberg, or toseek real investment opportunities for aleveraged buyout and present these toprivate equity investors. Alternative projectsinclude: the Investment game, private equityvaluation projects, equity research reportprojects, company valuation projects, andthe “Financiers without Borders” initiative,a real pro bono Microfinance consultingproject in Ghana, among others.Innovative learning processes usingmultimedia applications, an onlineinvestment role- playing game using theBlooomberg platform, Matlab (fixed incomeprogramming, financial modeling, andanalysis) and Factset.After completing my bachelor in Financeand Economics, I decided that I wanted tofocus on finance and applied to various topranked business schools. IE was by far thebest choice in terms of ranking, reputationof the professors, and strength of thecurriculum. Most of my classmates are nowmy colleagues, and this fact together withthe large international IE community makes itthe best place where to build a long-lastingnetwork of world-class finance professionals.Renato Meduri, ItalianClass of Master in Finance 2011Investment Professional, Distressed Debt,Oaktree Capital Management, London
2. Academic partnersIE, first Academic CFA Program Partner in SpainThe CFA exams are the most renowned qualifications for finance professionals worldwide.To achieve CFA partnership status, the CFA conducts in-depth auditing of the program’sfinance contents, as well as of the teaching faculty. Only finance degree programs that are bothrigorous and closely aligned to professional practice receive this distinction. In this way, theCFA Institute recognizes that professional and academic qualifications are complementary:both play an important role in ensuring the overall success of the finance industry.IE Business School’s Master in Finance and Master in Advanced Finance enjoy this status,thereby ensuring IE Business School’s Masters in Finance a place among the world’s mostprestigious educational programs, and a leading position in terms of ethical and professionalstandards. This not only further increases IE Business School’s prestige within the financialworld, but also adds value to the career opportunities of admitted students.Masters in Finance students have the opportunity to apply for several scholarships eachcalendar year, enabling them to take CFA Level I exam. Furthermore, we have an elective coursethat prepares them to succeed on the exam.IE, first Academic CAIA Program Partner in SpainThis academic partnership constitutes a major step in their efforts to promote the commoncore mission of contributing to the education of investment professionals in the area ofalternative investments.IE Business School is also the first business school in the world to offer, CAIA members andcandidates that passed Level I, scholarships to study a Finance Master at IE. Those profiles whoare granted with admission to the Master in Advanced Finance or Global Master in Finance willbe able to benefit from a 30% scholarship.Additionally, top students of our Masters in Finance will have access to full scholarships to siton the CAIA exams.
Recognition3. RankingsWorldwideFinancial Times 2016WORLDWIDEFINANCIAL TIMES 20163rd worldwide Master in FinanceFinancial TimesThe Master in Finance has been consistently ranked in the top5 positions worldwide by the Financial Times in the past years.Ranked 2nd in 2012, 3rd in 2013, 5th in 2014, 4th in 2015 and 3rd in 2016.This low volatility indicates how solid our master is over time.Blended Learning (online with face to face periods)Financial TimesIE Business School holds the No. 1 position worldwide in the2016 ranking of Online MBA programs drawn up by the FinancialTimes. IE Business School has retained the leading position inthe world for the second consecutive year with its Global MBAprogram, which was ranked the top program in the 2014 ranking.This latest result serves to further consolidate IE’s position asthe best business school in blended teaching.IE Business School is certified by the three most important accrediting bodies in the world,guaranteeing high quality and academic rigor in all our programs.AACSB InternationalAssociation to AdvanceCollegiate Schools of BusinessAMBAAssociation of MBA’sEQUISEuropean Quality Improvement System7
4. Career Management CenterOne of the goals of the IE Career Management Center (CMC) is to help you enhanceyour marketability by providing the most effective resources and advising studentsto pursue individual career aspirations in a competitive global marketplace. A largenumber of companies, executive search firms, and organizations come to IE BusinessSchool year after year in their search for top professionals, attracted by the qualityand diversity of our students and graduates. The three main pillars of the CareerManagement Center are the following:Career Advising:The Career Management Center counsels students on how to turn their careerambitions into personal branding expressed in a unique CV, a consistent online presence, andthe right network, which will contribute to the accomplishment of these career pursuits. Studentsare assigned to a Career Advisor from the start of the program.Career Education:Career Education designs the contents of the “Employability in Finance” syllabus,bringing talent management experts and recruiting managers to IE to train studentson how to fur ther develop their careers and be successful in their selectionprocesses.Recruiter Relations:The Recruiter Relations area is divided by industries and works closely with recruiters to learnabout the skills and competencies they are seeking. It then puts forward the most suitablestudent and alumni candidates based on their interests, experience, and education.
Learning how to manage your careerEvents and ResourcesOn-campus or virtual information sessionsprovide students with a clear idea of thevalues and the culture of the companyand any available job opportunity. Apresentation can be coupled with anetworking cocktail to interact with theparticipants on a one-to-one basis.The Annual Recruitment Fair (in October)is a valuable networking event thatgives you the opportunity to interactdire c tly with re cruiters from topcompanies. You can contrast andcompare, discuss and collect informationall on the same day. While on-campus,companies may choose to conductinterviews or presentations to initiateselection processes.The IE Career Portal is a web-based platformby which IE students and alumni can accessemployment and internship opportunities,as well as a wide array of career resources.CV Book: A compilation of resumes permaster is prepared in the early stages of theprogram and distributed to our recruiters.The CV Book enables our recruiters to scanand access profiles that are in line with thecredentials and experience they seek.The IE Career Service is a helpful platform to start organizing your career in finance. The helpfuland experienced staff provides you with all the tools and help you need to apply to the Top-TierInvestment Banks or whichever career path you desire. Additionally, they support you in approachingAlumni and help you to get in touch with potential employers through various company presentations.Tobias Funke German,Class of Master in Finance 2014Investment Banking Analyst, IBD German Coverage, Morgan Stanley Frankfurt9
5. Professional OpportunitiesThe Masters in Finance programs are aimed at people who are working in or who wish to workin the following fields of finance, amongst others:Corporate FinanceVenture CapitalEquitiesPrivate BankingFixed IncomeFinancial ConsultingDerivativesPrivate EquityAsset ManagementPublic Finance & MicrofinanceLeveraged FinanceFinance Departments of Large CorporationsHedge FundsIndependent Financial AdvisoryInstitutional InvestmentsStrategic ConsultingCompetitiveness amongst applicants to jobs in the aforementioned list of finance fields isfierce for both entry level analyst positions for Master in Finance students, and associate entrypositions for Master in Advanced Finance students.Students with more experience from the Global Master in Finance use the program as a platform to receive the necessary training in order to become Managing Directors in financialinstitutions, to access a Chief Financial Officer level position, or to become an entrepreneurthrough leveraged finance (e.g. acquiring an existing business).The usual career advancement of students who graduate from the Business School’s Mastersin Finance programs is summarized below: 10 years:GMIFTop Management - Managing DirectorSenior Management - Vice President/Director/Executive DirectorMiddle Management - AssociateEntry Level - Analyst2-7 years:MIAF0-2 years:MIF5-10 years:GMIF
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A more detailed list of profesional opportunities:Investment BankingFinancial BoutiquesDeutsche Bank, Morgan Stanley, UBS,JP Morgan, Citigroup, Goldman Sachs,Jefferies, Nomura, BNP Paribas, CreditAgricole, Société Générale, Credit Suisse,Renaissance, Barclays, HSBC, Natixis,BBVA, Santander, Bank of Tokyo, etc.Rothschild, Lincoln, Jefferies, PerellaWeinberg Partners, Arcano, etc.Asset ManagementPrivate EquityApollo Global Management, JP Morgan,Julius Baer, Morningstar, etc.Cinven, Permira, 3i, Neuberger Berman,Bridgepoint, Alana Partners, DN Capital,Aurelius, etc.CorporationsHedge FundsBP, Shell, GE, IBM, Microsoft,General Motors, etc.Marathon, Oaktree, Tellurian,Mount Kellett, etc.Rating AgenciesPublic Financial InstitutionsMoody’s, Standard and Poor’s, etc.IFC, EIB, EBRD, Asian Bank ofDevelopment, IDB, ICD, etc.Private BankingConsulting FirmsUBS, Credit Suisse, Lombard Odier,Citigroup, etc.McKinsey & Co., BCG, AT Kearny, E&Y,KPMG, PWC, Deloitte, etc.
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6. Areas coveredSTRONG FOCUS ON THE TOP SECTORS OF FINANCEAll the programs cover key financial areas that aim to replicate the same areas andfunctions in capital markets and investment banking. These areas are:Corporate FinanceFinancial issues that have a direct impact onorganizations including leverage, dividendpolicy, financing or equity valuation, as well asthe implications of mergers and acquisitionsfor the investment banking industry.InvestmentsThe investment management process, fromboth a buying and selling perspective, exploringin depth the tools of portfolio management &investment selection criteria. Private Equity andfinancial entrepreneurship will also be coveredas IE Business School has traditionally enjoyeda reputation as a school for entrepreneurs. Inthe context of the Masters in Finance, studentswill see for themselves how private equity andfinance serve as excellent tools to become anentrepreneur through acquiring an existingbusiness.T h e s t r u c t u r e a n d / o r c o n t e n t m a y b e a l t e r e d d e p e n d i n g o n f a c u l t y, m a r k e t d y n a m i c s a n d c o m p a n ydemands. The courses for each area follow a logical progression, starting from the basics and buildingup in terms of complexity and sophistication to the most advanced courses, which are taught during theThird Period. For a complete description of courses, please visit each respective Master in Finance programwebsite and brochure section.
AREAS COVEREDQuantitative FinanceThe foundations of risk control in the differentunderlying asset classes using derivatives:fixed income, equities, credits, commoditiesand foreign exchange (FX).General FinanceFinancial accounting analysis skills whichany financier should master to excel in hisfunction. These courses will be biased towardsinternational accounting, creative accountingdetection and financial analysis. Other differentkey concepts that serve as basic tools for thesuccessful financier, including negotiation,presentation skills or building of financialmodels using excel will be areas masteredby our students, this is what we call appliedknowledge for the financial manager.MacroeconomicsPractical macro information that is key forfinancial markets, including how macro datashould be read in order to have an informedopinion of where to invest, and recent macrodevelopments that will shape the world in thiscentury, such as the rise of China or the impactof geopolitics.15
7. Some of our FacultyAna Munera: Head of Global EquityResearch in BBVA since Nov 2010.Previously, she was the Director ofFixed Income and Credit at BBVA andSenior Strategist at Credit Lyonnais.With 15 years’ experience, she hascomprehensive experience not only in advisinginstitutional and corporate clients (at BBVA, CL, CA,and BCH), but also in developing and implementingeconomic and financial risk management models forcorporates and financial institutions. Master’s degree inFinance at the Centre for Monetary and Financial Studies(Bank
Pr OG ra M s Full-time Master in Finance Master in advanced Finance Part-time Global Master in Finance. Are you considering a career in capital markets or investment banking? . The Masters in Finance programs take a detailed and disciplined look at the tools, techniques, theoretical know-how, and practical focus that make it possible to put .
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participate. During FINA World or Regional Masters Championships FINA Masters Rules shall apply. CMGR 4.2 Competitors under the age of 25 (CMGR 2.3) and relay teams with a swimmer under the age of 25 cannot compete in FINA World Masters Championships and are not eligible for FINA Masters World
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