- 1 Year, Part-time, Flexible start date
- 4-8 courses (12 credit hours total), 6-9 hours per week
Courses are academically accredited at the graduate level
- Diverse set of perspectives across industries, professional experience, and academic disciplines
- Attend courses with students from a variety of backgrounds and companies, ensuring exposure to a broad range of learning experiences
- Apply credits earned to an MBA degree
Completed courses may be applied toward the MBA Degree (additional application requirements are necessary)
- Private Equity & Other Alternative Asset Classes
- Blockchain & Big Data/Cryptocurrencies
- Operations of Private Funds
- Mergers & Acquisitions
- Portfolio Management
- Behavioral Finance
- Corporate Finance
- Resilient Portfolios
- Risk Management
- Credit Risk
The course aims at providing a hands-on introduction to blockchain, distributed ledger and crypto-currencies. The course will address three major topics: 1) Use cases for blockchain technologies in supply chain management and payment systems as well as tokenization of assets. Secondly, the course will detail how blockchain technology is implemented using different programming frameworks (Ethereum and Hyperledger). The third topic is the design of payment architectures based on blockchain. More specifically, the class will focus on the Interledger protocol developed by Ripple as a key element to achieve global interoperability. (3CH)
Mergers and Acquisitions tend to be the most visible, time-consuming, high-risk and high-reward transactions that companies get involved in. Substantial amounts of management time, strategic thinking, and capital are invested into getting them right. The consequences for all stakeholders of this kind of transaction are most of the times very significant. It’s hard to exaggerate the strategic importance of M&A deals to the organizations and the people involved. In addition to their financial importance, they also excite emotions, as they tend to create winners and losers. The course is designed to cover all aspects of M&A transactions, from analysis and preparation to valuation of the target company, implementation and results.
The objective and purpose of this course is to provide an in-depth discussion of the modern development in investments and portfolio management. Both theory and empirical evidence will be discussed. We will also learn insights from the latest findings in behavioral finance and how to incorporate them in the management of a portfolio.
The objective and purpose of this course is to provide an in-depth discussion of the modern development in behavioral finance. Both theory and empirical evidence will be discussed. We will review the decision-making process along with the different biases and paradoxes that go with it, learn about Prospect Theory, study the formation and burst process of speculative bubbles, and introduce other fields (sociology, behavioral biology, neurosciences, and philosophy) in the understanding of financial markets.
Corporate Finance expands upon the principles and techniques of financial management to apply the concepts of the maximization of firm value, the time value of money, marginal cash flow analysis and risk to a range of financial management decisions including financial forecasting, valuation, capital budgeting, the determination of the costs of capital, optimal capital structure, distribution decisions, mergers & acquisitions, and project financing. The course engages students to actively apply concepts and techniques relating to the above areas through the extensive use of case studies. Students will be designing financial models in Excel to analyze problems and will be asked to explain their results and decisions during class discussion. Both quantitative and qualitative strategic considerations will also be debated. Special attention will be played to the identification of key value drivers, justifying and questioning assumptions, conducting sensitivity analysis, and doing what managers do: making-, explaining-, and defending decisions.
The idea behind this series of four lectures is to convey some simple decision rules for investing money in the short-term while keeping an eye on the long-term objective of a portfolio. We will try to examine under which conditions a sequence of short-term decisions may lead to the satisfaction of a long-term investment objective, such as retirement.
In order to do that, we will rely upon samples of readable texts from well-known short-term market viewers such as editorials from the FT or Market Perspectives presentations from well-known Market Strategists. We will also look into long-term issues, such as financial planning for retirement purposes in light of the behaviour of stock and bond markets over a 20 year period. The objective of the course is to deliver a toolbox complete with simple decision rules, to assist in the process of portfolio selection. It is intended to deliver “math-light” lectures. Students should understand the statistical concept of mean and variance and the financial concept of the discounting factor.
The complexity of the global financial system makes understanding risk management essential for anyone working in, or planning to work in, the financial sector. As the real economy is also exposed to financial risk, risk management has become more important to non-financial corporates and institutions. Students will become familiar with financial risk assessment and management and the regulations applicable for financial institutions. They will learn how important market participants, such as banks, insurance companies, pension funds, mutual and hedge funds, are looking at risk measurement and management. Risk mitigation strategies are explained. Various risk types such as market risk (interest rate risk, currency risk, etc.), credit risk, operational risk, systemic risk are covered and risk management strategies and instruments are analysed. Recent risk management topics such as counterparty credit risk for derivatives, central clearing and collateralization will be covered. International regulations (Basel I-III, Dodd Frank Act) are studied in their historical development as well their most recent modifications aiming to prevent further financial crises.
The complexity of the global financial system makes understanding risk management essential for anyone working or planning to work in the financial sector. As the real economy is also exposed to financial risk, risk management has become more important to non-financial corporates and institutions. This course will cover in particular credit risk. It will constitute a comprehensive coverage of topical credit risk related issues: credit risk rating, credit risk measurement and credit risk mitigation techniques. It will cover both single-name credit and multi-name credit. Finally, and on a purely optional basis, one supplementary session will cover the Vasicek Model, an elegant and closed-form credit portfolio model. Throughout the course case studies will put the theory learned into practice.
TOEFL scores or other proof of English proficiency
Minimum score of 570
Relevant Work Experience
Minimum 2 years
Tuition excludes text books & €125 Admission fee. Living expenses are additional.
Please note that the course of “Private Equity & other Alternative Asset Classes” can be taken independently, separate from the Certificate. The course fee amounts to Euro 1,950.