Master in Finance
(título propio)
As an applied branch of economics, the Master in Finance explores challenging technical theory.
EU's Master in Finance program (título propio) uncovers topics such as asset pricing, portfolio management, fixed-income securities and credit markets, derivative securities and blockchain fundamentals, financial risk management, mergers and acquisitions among others. Not only is this sector of the industry rapidly evolving, but it is also experiencing new disruption through cryptocurrencies and underlying blockchain technologies.
Program Structure
The Master in Finance (título propio) is a one-year program of 60 ECTS, divided into three terms. Each term comprises four courses (4 ECTS each) and one seminar (2 ECTS). Throughout the year, students are also exposed to real-life case studies, games and business simulations. In order to graduate, participants must also complete a business plan (6 ECTS).
(13 CH | 18 ECTS)
Foundations of Finance
Show detailsThis course focuses on theoretical concepts of finance and their application to contemporary business. Topics covered include cash flow, time value of money, valuation of debt and equity, capital budgeting and project evaluation techniques. In addition, the course will aim to identify how these topics can be implemented in blockchain models. Students will gain an understanding of financial transactions, foreign exchange, stock markets and derivatives.
3 CH | 4 ECTS
Financial Reporting & Statement Analysis
Show detailsStudents are introduced to concepts such as tangible and intangible assets, leases, changes in equity and consolidation. The course emphasizes the relationship between reported data and the underlying economic events, providing prospective users of financial statements with a clear understanding of the fundamentals of accounting. Students will learn how to produce well-structured financial reports and analyze these reports strategically.
3 CH | 4 ECTS
Digital Business Finance
Show detailsDigital Business Finance provides the student with sound financial principles and a multitude of case studies to complete the full picture of business finance applied to the digital enterprise, including the financial strategies, challenges and opportunities that arise in the digital age.
3 CH | 4 ECTS
Microeconomic Theory, Macro & Monetary Economics
Show detailsThis course is an introduction to principles of economic analysis, economic institutions, and issues of economic policy. Emphasis will be placed on the allocation of resources and distribution of income through price systems. The course will also focus on aggregative economics, including national income, monetary and fiscal policy, and international trade. Students develop simple graphical and mathematical models of decision-making by individual economic agents: consumers, workers, and businesses. They analyze interactions between these agents in product and factor markets, using concepts of market demand, supply, and equilibrium. Additionally, the course explores how GDP, inflation, unemployment and other macroeconomic aggregates are measured in practice and also focuses on short-run (business-cycle) fluctuations, as well as fiscal and monetary policies.
3 CH | 4 ECTS
Simulation: Stock Market Portfolio
Show detailsThis seminar provides students with the tools necessary for simulating a portfolio and evaluating investments, including stocks, bonds, options and commodities. Additionally, it presents a systematic methodology for constructing efficient portfolios and evaluating portfolio performance. Students gain an understanding of the principles of risk and return and diversification, through the analysis of investments and portfolios.
1 CH | 2 ECTS
(13 CH | 18 ECTS)
Advanced Corporate Finance
Show detailsStudents develop an understanding of how companies can grow and consolidate their financial position. Organic growth, alliances, joint ventures, strategic acquisitions and mergers are studied, while students investigate the concepts and principles of derivative-related financial instruments and their use in investment and corporate financial management. This course also analyzes the role of Fintech in relation to benchmark currencies and market exchanges.
3 CH | 4 ECTS
Financial Markets & Institutions
Show detailsThis course gives students fundamental knowledge of the structure, function and role of the financial system, covering the complex web of links and interconnections within the banking sector. Students learn about financial intermediaries, financial instruments and the different markets within which credit institutions are active players. Furthermore, they gain an understanding of how the prices of equities are determined and will be able to evaluate and distinguish between different forms of capital.
3 CH | 4 ECTS
Portfolio Management
Show detailsStudents learn how to develop an integrated portfolio management plan, including equities, fixed income assets and alternative investments reflecting the goals, risk tolerance, and circumstances of individual and institutional investors. This course builds upon the analytical skills developed in prior courses and incorporates an in-depth study of portfolio optimization and asset allocation, as well as the basics of bond pricing and debt portfolio management.
3 CH | 4 ECTS
Fixed Income Securities & Credit Markets
Show detailsThis course covers traditional bonds and term structure concepts, as well as fixed income derivatives and interest rate modelling. Students learn to identify and distinguish between the different types of fixed income securities, demonstrating how to apply derivative instruments to enhance the returns. They also develop the use of analytic tools in bond portfolio management and interest rate risk management.
3 CH | 4 ECTS
Bloomberg Financial Lab
Show detailsThis provides students with an introduction to Bloomberg, the global financial markets database providing news, analytics and real-time pricing. It also introduces Eikon, a professional platform from Thomson Reuters, which includes historical and current data for equities and other asset classes, including commodities, fixed income and money markets.
1 CH | 2 ECTS
(13 CH | 18 ECTS)
Risk Management in Financial Markets
Show detailsThis course explains different types of financial crises, why financial intermediaries exist and how to identify, measure and manage risks in financial institutions. The focus is on interest rate risk, market risk, credit risk and foreign exchange and liquidity risks. The end goal of the course is to engage students in the active discovery of risk management principles, preparing them to develop an awareness of the challenges, the tools and the process of designing and implementing a risk management program. The course focuses on the ways in which businesses and society assess, control and transfer risk.
3 CH | 4 ECTS
Financial Investments
Show detailsThis course aims to give students a basic understanding of the investment process by considering two key aspects: security analysis for equity and fixed income investments as well as portfolio management, including design and performance evaluation. Students are required to carry out two projects that help them apply this knowledge in a global business context. The course requires them to analyze a particular security in detail, create a portfolio and evaluate its performance in terms of its return-risk. It is also important that students are able to interpret data, newspapers, technical reports and articles on investments, so that they can make appropriate financial decisions for each situation. The course assumes that students have previously studied basic financial principles.
3 CH | 4 ECTS
Mergers, Buyouts & Corporate Restructuring
Show detailsStudents identify ways to increase firm value through corporate restructuring. Specific topics include: mergers and tender offers, spin-offs, carve-outs, divestitures, takeover defense strategies, bankruptcy and bankruptcy acquisitions, international acquisitions and leveraged buyouts. Emphasis will be placed on valuation analysis and techniques, to assess the values of the assets of the merging firms.
3 CH | 4 ECTS
Blockchain 101
Show detailsThis course explains blockchain technology and its impact on four economic sectors: Fintech, healthcare, logistics, and energy. It explores how this technology can address some of the most pressing problems in society such as trust, transparency, human rights, inclusive participation and fair trade. Students will complete a project applying blockchain technology to solve a problem in an economic sector of their choice or create a new venture that produces breakthrough innovation. Students will also gain deeper insight into the general-purpose technologies that will shape the 21st century and provide a blueprint for the value-based economy.
3 CH | 4 ECTS
Seminar: Online Reputation Management
Show detailsThe Online Reputation Management seminar focuses on all relevant aspects of public digital image management. The seminar discusses online corporate reputation management in the era of social networks, user reviews and instant communication.
1 CH | 2 ECTS
Final Project/Business Plan
Show detailsStudents will also be required to submit a final project and business plan (6 ECTS) at the end of their studies and to attend field trips, company visits and fairs as part of the experiential learning method.
4 CH | 6 ECTS
The master's programs (título propio) awarded by Universidad Católica San Antonio de Murcia (UCAM), Spain, were authorized to be offered at EU Business School Munich GmbH on April 13, 2021, following article Art. 86 Abs. 3 BayHSchG. For more information about university-specific degrees (título propio) and state-recognized university titles, please refer to the section Degrees at EU Business School on our website at eumunich.com/degrees.
Learning Outcomes
The aim of the Master in Finance is to ensure that students are able to effectively engage in an increasingly globalized, diverse and multifaceted world, having acquired the required skills. At the end of the program, graduates will be able to confidently:
- Apply and critically evaluate corporate finance techniques using sound analytics.
- Blend sophisticated modeling techniques with a global perspective in the management of corporate risk.
- Critically evaluate emerging technologies, stock, bonds and derivatives using cutting-edge valuation methods with particular reference to the operation of financial markets.
- Understand and exercise critical judgement in solving problems encountered by a multinational business.