Master in Finance

MODULE 1STRATEGIC AND SUSTAINABLE FINANCECorporate Strategy and Sustainability - 5 ECTS
Corporate and business strategyInternational strategyEconomic and financial environmentTaxation and legal contextESG in finance. Sustainable investmentTraditional Business Models versus Innovative Business ModelsBusiness strategy, value proposition, and digital capabilities to transform the business. Digital Twin business modelsFinancial engineering - 5 ECTS
Structuring-Modeling techniques for financial EngineeringFinancial quantitative analysisCost of the money and the interest rateCompounding and discountingBinomial and the Black-Scholes ModelsMathematical finance and computational finance

MODULE 2FINANCIAL REPORTING AND CONTROL

Financial analysis and company’s valuation - 5 ECTS

• Main financial statements
• Consolidated financial statements
• Reformulation and analysis of the PLS
• Balance Sheet analysis
• Working capital management
• Ratio analysis
• Financial diagnosis
• Cost of capital and value creation
• Valuation of companies based on multiples
• Company valuation based on financial discount (dividend discount, free cash flow discount)

Cost management and control - 5 ECTS

• Relationship between cost accounting, financial accounting, and management accounting.
• Activity based costing and activity-based management.
• Cost structure for business models.
• Relevant and irrelevant costs for decision making
• Performance measurement
• Management system and the Balanced scorecard. Financial perspective
• Comprehensive dashboard (KPI’s dashboard)

MODULE 3FINANCIAL MODELLING AND CORPORATE FINANCEFinancial planning and cash management - 5 ECTS
Budgeting processFunctional, capital and master budgetsFinancial modeling techniquesCash ManagementCash pooling and inhouse bankingCorporate finance and M&A - 5 ECTS
Project financeFinancial distress and restructuring models. M&ADue Diligence. M&ALegal aspects in restructuring processTax aspects in restructuring processInternal fundingLong-term external financing (syndicated loan, debt issue, etc.)Marketplaces and alternative fundingVenture capital, angel finance, venture debt

MODULE 4RISK MANAGEMENTInvestment and risk analysis - 5 ECTS
Valuation of Investment opportunitiesInvestment analysis techniquesSustainable investment criteriaOperational, market, country riskModeling credit risk, credit score, credit ratingStructural credit risk model versus reduced-form credit risk modelRisk measurement: value at risk, earning at risk, expected short fallArbitrage and endogenous risk. Limits to ArbitrageFinancial and operational risk modelsVariance and covariance. Standard deviation

MODULE 5FINANCIAL MARKETS AND ASSET MANAGEMENTGlobal markets and financial assets - 5 ECTS
The main financial markets.Primary versus secondary market. IPOMacroeconomic factorsCost of the money and the interest ratePlayers in the financial marketsInterbank marketDigital financial servicesFixed income assetsVariable income assetsDerivative instrumentsForeign exchangeShort-term asset optimization Factoring and confirming Portfolio management - 5 ECTS
Modern Portfolio TheoryThe risk-adjusted return measuresCAPM and Alternative pricing models: APT and multi-factor modelsBlack Litterman ModelSharpe ratioDynamic asset allocation (quality-minus-junk, betting-against-beta, etc.)Investment fundsAlternative investment fundsPure models and hybrid models of automated asset management

MODULE 6TRACK IN FINTECHFintech Ecosystem - 2 ECTS
Fintech ecosystem: verticalsDigital financial services (neobanks, etc.)Neobanks and InsurtechWealthtechPayment tech: Stripe, Adyen and Square payment systemFintech Business Model - 3 ECTS
Recognize the potential for new technologies, infrastructure players and platformsThe new digital consumerMarket needs that fintech startups are trying to fillFintech start upLegal aspects in FintechDigital identity and security in financial transactionsDigital Tools in Finance - 2 ECTS
Design of platforms and applications for financial services (UX/UI)Application Programming Interfaces (APIs)Big data and artificial intelligenceInformation exploitation systems: Power BI, Jedox, Tableau, Qlik, Microstrategy, etc.Blockchain and Cryptocurrencies - 3 ECTS
Technological tools and Blockchain applicationsThe Blockchain revolution and its impact on Digital TransformationSecurity in the blockchain environmentCryptocurrencies and tokensNFTs and Metaverse: opportunities and challenges of cryptofinance

MASTER'S THESIS15 ECTS
It’s not just the research paper you need to do in order to get your master’s degree — it’s the right time and the right place for you to combine your academic experience with your professional ambition, personal vision and your creativity. It’s your chance to put everything you’ve been learning into practice and to work in order to get to where you want to be.