Masters in Finance

www.london.edu/mif/

The Masters in Finance at London Business School was one of the most exciting and dynamic periods in my life.
Amer Chowdhury (Bangladeshi) Masters in Finance (full-time) 2003 Senior Transactor, Intesa Sanpaolo Bank

Fast-track your career in nance

Make an impact on the world of nance through London Business Schools top-ranked Masters in Finance and lead the global evolution of the nancial sector in the coming decades.

If you are ready to move to the next stage in your career, the London Business School Masters in Finance programme offers a high degree of specialisation in nance, with a rigorous academic curriculum that is deeply rooted in the realities of a fast-changing nancial world. You meet with and learn from practitioners including alumni of the programme working in the City of London and other global nancial centres. And you work with other students who are already experienced nance professionals in their chosen elds. Leading nancial centre London is one of the best cities in the world in which to study nance, acknowledged as the leading global nancial centre. Every global nancial institution is represented here, as are many of the worlds largest companies. The Masters in Finance offers unrivalled opportunities to see the industry in operation close-up, with visits to leading nancial institutions in the City of London and speaker events featuring the foremost innovators in the eld. Finance at Work events take place regularly to investigate industry trends and examine a range of nance sectors, bringing together alumni, faculty, students and practitioners.

The Masters in Finance was one of the best investments I have made in my career. World-class faculty It has strengthened my At the forefront of business education, London Business School is a recognised leader in nancial thinking and a global centre of excellence condence and knowledge and in nance. We have one of the largest concentrations of nance faculty in the world, recognised for the quality of teaching and cutting edge broadened my employment academic research. Faculty members routinely consult to nancial institutions, companies and government agencies, while others hold horizon. I am certain that I directorships in a range of organisations. Their networks of connections will be a better professional ensure the practical relevance of the Schools teaching and the role of faculty in creating innovations such as the FTSE 100 stock market index. and a more informed decision Global focus maker because of the time I Our students come from more than 100 countries and our alumni go on to achieve success in a multitude of nancial institutions, companies have spent here. Above all, it and government bodies around the world. During your Masters in Finance programme, there are opportunities to apply for exchanges, was a remarkable personal giving you access to other leading international nancial centres. experience.
Manuel Noronha Andrade (Portuguese) Masters in Finance (full-time) 2002 Partner, ECS Capital

www.london.edu/mif/ 3

Why London Business School?

Top nance jobs demand a sharp decision-maker someone able to grasp the ner details and their signicance in the bigger picture. The London Business School Masters in Finance programme combines rigorous academic study with real-world relevance and practical application.

London Business School is a business-focused institution with worldclass faculty who are pre-eminent in their elds. Were proud of our ability to attract people of the highest calibre our success in competing for talent with other top-ranking business schools is a mark of our international standing. And in turn, our faculty members enable us to create innovative programmes for our exceptional students. The Masters in Finance is the longest established programme of its kind offered by a world-class business school ranked number one among post-experience programmes in the eld by the Financial Times in 2011 and 2012. Collaborative ethos The learning environment on London Business School programmes is challenging, but also collaborative. Your Masters in Finance classmates will represent dozens of countries, with a huge breadth of professional experience and phenomenal global reach. They give you daily exposure to a wide range of business perspectives, pushing you to perform at the top of your game. You learn to work anywhere, with anyone, and will differentiate yourself in the jobs market through a global perspective and cross-cultural capabilities. Student clubs Our campus community is vibrant and eclectic, and you forge valuable contacts with other students and alumni during the programme. Nowhere is the dynamism and energy of the London Business School community more evident than in the passion with which our students initiate, run and participate in more than 70 professional, cultural and sporting clubs. They include the Finance Club which hosts speakers from top global banks, as well as one of the most active premier business school Private Equity Clubs in the world. The Investment Management Club manages a portfolio of US$200,000 of donated funds and also runs an annual Stock Pitch event where members pitch their stock ideas to fund management professionals. The host of events and activities that student clubs promote can help you to progress in your career and even to nd your next job opportunity.

A magnet for global leaders London Business Schools reputation and location bring some of the most inspirational and thought-provoking leaders in the world through our doors. Our students and alumni listen to, learn from and are challenged by speakers from industry, nance, government and the media. Global alumni network More than 35,000 London Business School alumni provide extensive connections around the world. After you graduate, you have lifelong access to this superb network and to the professional and personal opportunities it offers. You can expand your network by joining one of the dozens of alumni clubs in cities around the globe, from Atlanta to Zurich. And there are also professional interest clubs bringing together alumni working in particular sectors such as the media, energy, technology, marketing, healthcare and of course nance.

4 www.london.edu/mif/

I would denitely recommend the Masters in Finance at London Business School. The learning environment is superb, the faculty excellent, and the networking experience is unique. The diversity is also amazing there were over 40 countries represented on my programme.
Foluso Ajayi (Nigerian) Masters in Finance (full-time) 2006 Gas Regulatory Coordinator, Chevron Corporation

Who does the Masters in Finance?

Our students are experienced professionals who want to fast-track their careers in nance. They come to us to deepen their nancial knowledge and to develop the analytical tools and skills necessary to raise their game in the eld of nance.
Central Asia 2% Australasia 3% South-East Asia 5% Africa 2%

East Asia 24%

As with all London Business School programmes, Masters in Finance students come from a rich diversity of responsibilities, backgrounds and nationalities, bringing a wealth of experience to the classroom. They demonstrate intellectual ability, the capacity for hard work and the motivation to take on a demanding and challenging commitment. They have many and varied reasons for doing a Masters in Finance, but they share a passion for making an impact in the world of global nance. Flexibility The Masters in Finance programme is exible so it can t your needs. You can study full-time, completing the programme in 10 months or over 16 months if you want to undertake additional activities. Or you can choose a weekend format over 22 months, an attractive option for students who prefer not to take time out of their careers. For more details of these two options and their typical schedules, see pages 10 and 11.

USA and Canada 6% Middle East 6%

Latin America and Caribbean 12% Europe 23%

South Asia 17%

Nationality of full-time students

Nationality of weekend students

Central Asia 2% Australasia 3% South-East Asia 5% USA and Canada 6% Middle East 6%

Africa 2%

Latin America and Caribbean 4% Africa 1% South-East Asia 4%

East Asia 24%

USA and Canada 5%

Australasia 7%

F C

Europe 48% South Asia 15%

Latin America and Caribbean 12% Europe 23%

South Asia 17%

East Asia 16%

6 www.london.edu/mif/

The Masters in Finance is well structured, rigorous and rounded. First-class professors bridge the gap between academia and practice, and deliver material that is stimulating, relevant and practical.
Costas Stavrinides (British / Cypriot) Masters in Finance (weekend) 2011 Shipping Economist, BP Shipping

Programme structure
The Masters in Finance is a rigorous and highly practical programme that allows you to build on your expertise in nance and acquire essential skills that will advance your career, while exploring areas of particular interest.

Orientation Set in an iconic City of London location, Orientation is an inspiring introduction to your programme. It includes speakers presenting on key nancial topics, engaging discussions with senior members of the School and offers an opportunity to build relationships with your peers. Core courses Four core courses provide you with the in-depth knowledge of the key concepts and topics that every nance professional should be familiar with:
n Investments

Personal development for nance professionals The Masters in Finance provides an individually tailored selfdevelopment programme running alongside your academic studies. You master business-relevant practical skills such as nancial modelling, forecasting methodologies and valuation techniques that enhance your effectiveness as a senior nance professional. And it helps you develop the softer skills so essential to career development, such as solving tough problems creatively, communicating powerfully and delivering through others. Tools and techniques include effective networking, mastering interviews, how to pitch yourself and negotiation skills. Capstone At the end of the Masters in Finance programme, the entire class comes together for an exclusive, celebratory event to reect on what you have learned on the programme, as well as hearing from high-prole speakers and Masters in Finance alumni. The Capstone event is also an opportunity to share your experience with fellow classmates, celebrate signicant achievements and build networks of connections in London and across the world. For full details about the core courses and electives, please visit www.london.edu/mif/programme/

advanced theories in the valuation of investments, management of portfolios and risk management strategies

n Corporate

Finance tools and techniques you can use to value companies, analyse business performance, structure corporate capital and manage nancial distress Accounting and Analysis company accounts, from revenue recognition and asset valuation to cash ow analysis and off-balance sheet accounting

n Financial

n Personal

Assessment and Development (PAD) a programme that assesses your knowledge, skills and attributes and creates a personal action plan to stimulate your professional development

Elective courses Masters in Finance students choose between seven and 10 electives from a selection of around 30 topics which build on the foundations established by the core courses. This comprehensive portfolio of elective courses allows you to tailor your learning and focus on areas of particular relevance to your current job or future career plans. Electives are scheduled in a variety of formats, including weekend, daytime, evening and block-week classes. One of the benets of our elective portfolio is that classes are shared with all our degree programmes. Studying alongside students from other London Business School programmes broadens your learning environment and allows you to build networks across the School. As an an alternative to one elective course, you can undertake a practical, company-sponsored project. This provides exposure to real business issues, and an opportunity to apply programme learnings.

The core courses give you a great foundation and then you can tailor the programme to your own specialism. My learning was further enhanced through having classmates with skill sets in other areas of nance. This was an excellent programme.
Anand Batepati (Indian) Masters in Finance (full-time) 2003 Equities & Hybrids Derivatives Structuring, HSBC

8 www.london.edu/mif/

Opportunities to specialise
The Masters in Finance allows you to specialise in your programme by choosing one of three concentrations that focus on the knowledge and technical skills vital for specic career paths in the nancial world.

As the nancial sector has evolved in recent years, the operations of particular sub-sectors have become more complex and demanding. If you have a clear view about where your career is going, you may wish to specialise in your programme by pursuing one of three concentrations based around major functional roles:
n Investment

Management and Analysis for those focused on fund management, either through managing investment portfolios or researching investments Finance targeted on advisory and strategic planning roles in companies and nancial institutions

n Corporate

n Risk

Management and Derivatives for those with nance, treasury and management roles in companies

A concentration identies a cluster of elective courses, practical and soft skills modules, visits to nancial institutions and other events appropriate for working in each of these three important sub-sectors. It maps your journey through the Masters in Finance programme by ensuring that you acquire the strong theoretical knowledge, skills and awareness of issues needed to develop your career. And the concentrations embed rms, practitioners and alumni working in each eld, offering opportunities to build closer relationships within the sector you wish to work. Students choose a concentration because it builds on their past experience and will enhance their career prospects in their current roles. For others, a concentration is an opportunity to demonstrate their capabilities in aspects of their careers in which they want to specialise further. Concentrations build in-depth knowledge in the specialist areas, adding to the learning from the four compulsory core courses (see page 8). If you choose the Investment Management and Analysis or Corporate Finance concentrations, you progress your learning from the Investments and Corporate Finance core courses to a more advanced level. If you decide to go for a concentration, you can further strengthen your specialisation through a project that explores an aspect of your chosen area in even greater depth.

www.london.edu/mif/ 9

Full-time format intensive study

Graduate from the Masters in Finance in 10 or 16 months.

With the full-time programme, you hit the ground running, taking all four core courses in the rst term. The remaining two terms cover the seven to 10 electives you have chosen. Practical skills modules are available throughout. If you are extending your full-time programme from 10 to 16 months, an additional term provides scope to undertake an international exchange, a company-sponsored project or additional electives. You only need to make your decision about taking an extra term part way through the programme, giving you greater exibility in your studies. Your typical schedule A typical week on the full-time programme consists of:
n approximately n at

TERM 1:
Autumn: August - December nvestments (core) I n C  orporate Finance (core) n F  inancial Accounting and
n n

Personal Assessment and  Development programme (core)

Analysis (core)

Optional project 

WINTER BREAK
n

Block week electives 

12 contact teaching hours

least 30 hours a week studying on your own or as a part of study groups (though most participants put in even more time).

TERM 2:
Winter:January - March
n

Elective choices 

Optional project 

SPRING BREAK
n

Block week electives 

TERM 3:
Spring: April - June
n

A typical day of a full-time Masters in Finance student

07.00  Head to the Schools tness centre for an early morning workout 08.15  Corporate Finance core course 11.00  Attend a CV review workshop 12.00  Study group to prepare answers to a joint valuation assignment 13.00  Lunch with fellow students 14.00  Prepare assignment for Financial Accounting and Analysis core class 15.45 Investments core course 18.30  Finance Club workshop 20.00  Impromptu dinner on Baker Street with fellow students before heading home

 lective choices E  ptional project O

n n

 ongregation C  apstone C

SUMMER BREAK
n

 omplete internship (if you have elected to do an extra C term and have secured an internship)

TERM 4 (optional):
Autumn: August - December
Options
n n n

International exchange  Project

Electives 

10 www.london.edu/mif/

Weekend format balancing commitments

Complete your degree in 22 months of exible part-time study.

The weekend format has been specically designed for those who wish to remain in full-time work during their Masters in Finance studies. It incorporates all the content of the full-time programme, but lets you complete your degree across 22 months of mainly weekend study. The pace is rapid and each lecture builds on previous material. It also helps those with family responsibilities to balance their work-life commitments. And if you live some distance from London, this option may suit you. We currently have students who travel from across Europe to study for their Masters in Finance on the weekend format. Your typical schedule The rst year begins with a full-time introduction week, when you complete the Personal Assessment and Development (PAD) programme see page 8. The rest of the year covers the other three core courses, with classes on alternate weekends Friday evenings (typically 18.4520.15) and Saturdays (typically 09.0015.30). In the second year, you complete the remaining degree requirements by taking seven to 10 elective courses. Some electives run in a block-week format and require attendance from 09.0017.00, Monday to Friday for one week; some run in modular format (one specic day, bi-weekly); and some run in an evening format from 18.4521.00. Of course, if your schedule allows, you can access the range of courses that run in a daytime format.

YEAR 1: Alternate weekends: Friday evening and Saturday until 15.30 AUTUMN TERM 1
n

September - December
n

Financial Accounting and  Analysis (core)

Personal Assessment and  Development programme (core)

SPRING TERM 2
n

January - March
n

Investments (core) 

Choice of one Year 1  elective (optional)

SUMMER TERM 3
n n

April - July
n

Corporate Finance (core)  Optional project 

Choice of one Year 1  elective (optional)

YEAR 2: A typical Friday evening and Saturday during Year 1

Friday evening 18.30  Arrive at the School in time to get a coffee before class 18.45 Core course tutorial begins 20.15  Head into town for a late dinner with classmates. Saturday 09.00  Corporate Finance core course 12.00  Lunch with fellow students in the dining hall 12.45  Corporate Finance lecture continues 15.30 Join Career Services for an afternoon Skills workshop.

Week, modular, or evening formats

AUTUMN TERM 4
n n

September - December
n

E  lective choices International exchange  (optional)

Optional project 

SPRING TERM 5
n

January - March
n

Elective choices 

Optional project 

SUMMER TERM 6
n n

April - July
n n

 lective choices E  ptional project O

Congregation Capstone  www.london.edu/mif/ 11

An optional fourth term

If you are a full-time Masters in Finance student, you can choose to extend your programme with an extra term. This gives you the opportunity to apply for an exchange at a business school in a growth economy, seek an internship in a nancial role over the summer, complete a project, or take elective courses.

International exchanges The Masters in Finance is committed to offering a global perspective on the nancial world. Students seeking greater international experience can apply to spend their fourth term on an exchange with selected business schools based in China, India and other Asian growth economies. During the exchange, you take the equivalent of three or four elective courses, and have the opportunity to develop new perspectives and expand your network of connections. Your choice of exchange school may depend on factors such as the elective courses available, your desire for a specic foreign language immersion experience, or an ambition to pursue your career in a particular country or region. Project Students can undertake a substantial company-sponsored project as an alternative to one elective course. Projects typically involve the analysis of an event, transaction or situation and give participants an opportunity to show how they can put into practice what they have learned on the programme. Many students nd this a valuable way to gain exposure to a real business issue and add to their experience in nance. Electives A fourth term is an opportunity to deepen your nancial expertise by taking elective courses from our extensive portfolio. The selection of approximately 30 topics ranges from Advanced Corporate Finance to World Economy: Problems and Prospects. For more about electives, please visit www.london.edu/mif/electives/ Internships The additional time provided by a fourth term offers an opportunity to do an internship with a nancial institution, company or government body in the UK or abroad. An 8-12 week placement during the summer can help shape your thinking and provide invaluable experience relevant to your career plans. In some nancial professions, an internship is an important addition to your CV and may also open up employment opportunities. Many students arrange their internship with assistance in sourcing and applying for a position from London Business Schools Career Services. Others use personal contacts or our extensive network of students, alumni and industry contacts.

12 www.london.edu/mif/

Teaching at London Business School is intensely stimulating. Students come from many different countries and have a wide variety of backgrounds. The global nature of the London Business School classroom means that instead of accepting one unique way to do things, students get to discuss the pros and cons of different approaches based on the real-life experiences of their peers.
Francesca Cornelli London Business School Term Chair Professor of Finance

Your career development

The impact of the Masters in Finance programme on your career depends on your aspirations and past experience. London Business Schools Career Services team will help you develop a strategy for your professional development that suits your needs.

Specialist nance skills combined with strong workplace experience mean that Masters in Finance graduates are much sought-after for jobs in the nance sector and nance roles in industry, consulting and the public sector. London Business Schools outstanding reputation for nance and strong links with nancial institutions ensure that our graduates are found in a variety of organisations and functions around the globe. Our location puts one of the largest recruiter bases in the world on your doorstep. The Career Services team works closely with recruiters in London and worldwide to help secure the best possible match for your experience and your aspirations. Throughout the Masters in Finance programme, we organise regular events for students to meet recruiters. Our support Whether you choose the full-time or weekend format of the programme, our experienced team offers you support in your professional development. We help you to develop a career strategy that best ts your strengths, interests and experience, and to identify gaps in your skill-set. Career coaching is complemented by a series

Energy 1% of workshops and group work designed to/ equip you with: Law Legal Services 1%
n a

Healthcare / Pharmaceuticals 1% Internet 1%

strongerIndustrial awareness of what achieve in your1% career Telecommunications Products 2% you want to letter
Investment Banking 25%

Private Wealth Management 1%

Information Technology outstanding CV and 3% cover Financial Services / Credit Cards / Insurance 4% n practical networking skills
n an

Venture Capital 4% n increased condence

n a

Private Equity /

and tips for interviewing

good knowledge of working with head-hunters

Banks / Ministries /

/ Public If youRegulation are studying for your Masters in Finance at weekends, your Finance 12% career needs are usually very individual because you are already in full-time work. We provide a dedicated coach, available outside work hours, to devise a tailored programme that will advance your career.

London Business Schools career support does not come to an end Asset Management 19% Retail and when you graduate. Regardless of your career stage or situation, the Commercial Banking 12% Alumni Career Services team provides all alumni with support such as coaching, resources, workshops and access to job opportunities. To learn more about our Career Services activities, please visit http://www.london.edu/mif/careers/
Consulting 13%

MiF (full-time) 2011 post-programme employment details Company sector

Energy 1% Private Wealth Management 1% Industrial Products 2% Information Technology 3% Financial Services / Credit Cards / Insurance 4% Private Equity / Venture Capital 4% Banks / Ministries / Regulation / Public Finance 12% Healthcare / Pharmaceuticals 1% Law / Legal Services 1% Internet 1% Telecommunications 1% USA / Canada 9% Investment Banking 25% Central and South America 11%

Primary location

Middle East 1%

Europe (excluding UK) 12%

UK 45%

Retail and Commercial Banking 12%

Asset Management 19%

Asia 22% Consulting 13%

14 www.london.edu/mif/

Im much more likely to look at a CV from someone with a London Business School qualication because I know the quality behind it.
Jesse McDougall (Canadian) Masters in Finance (full-time) 2005 Portfolio Manager, Barclays Capital

Recent Masters in Finance recruiters:

BAML Barclays Capital BNP Paribas Citi Credit Suisse Deloitte Deutsche Bank Ernst and Young European Investment Fund Fidelity Goldman Sachs Grupo Santander HSBC J.P. Morgan Korean Development Bank KPMG Lloyds Banking Group Merrill Lynch Morgan Stanley Nomura International OCBC Orbis PwC Sanford Bernstein Standard Chartered Thames River Capital UBS

At the heart of a leading nancial centre

There can be no better place to complete the Masters in Finance than London. You will have access to the best and most innovative organisations in nance on a programme located in a global nancial powerhouse.

London is home to every leading nancial institution on the planet, nancial exchanges trading in many types of securities and assets, and a third of the worlds largest companies. At the cutting edge of nancial innovation and regulation, the Citys nancial community is on your doorstep, providing opportunities to learn from them and to network with them. The Masters in Finance programme takes full advantage of London Business Schools location to give students contact with the biggest names in global nance and much else besides. London Finance Experiences Groups of Masters in Finance students spend half a day visiting a nancial institution in the City of London to learn more about what is on their agenda. A follow-up class analyses the experience, drawing out lessons on how the material learnt in the classroom applies in a real-world setting. Finance at Work Masters in Finance alumni are invited back to meet students on the programme informally and share their experiences of working in specic nancial sectors. This provides a greater understanding of the skills and qualities needed for particular roles, as well as insight into what such jobs involve day to day. London Finance Talks Events in iconic London venues such as the Gherkin and Mansion House bring together Masters in Finance students, alumni and institutions that recruit our graduates to hear speakers on ideas and issues in the nancial sector. The speakers are senior individuals in the private sector, the regulatory sphere and academia including, of course, our own faculty. Time out The success of the London 2012 Olympics and Paralympics reected the citys vibrant sporting environment, which includes 13 professional football teams, Rugby Unions global headquarters at Twickenham, the Lords and Oval international cricket grounds and the home of lawn tennis at Wimbledon in addition to the facilities of the Olympic Park.

London is also a cultural capital, with two major opera houses, more than 150 theatres, over 200 museums and galleries, and famous historic buildings from the Tower of London to the Houses of Parliament. And you can sample the cuisine and lifestyles of the many people from overseas who have settled in the British capital and make up 40 per cent of the population. London, as was once said, is the world in a city. Connected Five international airports provide direct connections with hundreds of cities around the world, including other leading nancial centres. And high-speed rail services to Paris, Brussels and beyond mean that European destinations can be reached as easily as Britains historic cities.

London Business School is the strongest brand name out there. Being in London is a massive advantage because its a nancial powerhouse, very international and very innovative in terms of nancial products and structures.
Nicolas Burdett (Spanish) Masters in Finance (part-time) 2010 Assistant Fund Manager, Hydra Capital Management

16 www.london.edu/mif/

The City of London

A global nancial powerhouse

241

foreign banks

95%+ 300+
languages spoken

of the worlds metal trading

trillion in funds managed

4.1

46% 37%

of the worlds derivative turnover

75%+

of the top 500 global companies have London offices

of the global foreign exchange market

Learning from leaders

London Business School is full of opportunities to be inspired. It is a place where exciting things happen.

Conferences, forums, lectures, summits, speaker series the list of events on campus is endless. Our reputation and location bring some of the most inspirational and thought-provoking leaders in the world through our doors. Our students and alumni listen to, learn from and are challenged by speakers from industry, government, nance, and media.

George Soros speaking recently at a student event

Previous speakers include: Steve Ballmer CEO, Microsoft Rt. Hon. Tony Blair UK Prime Minister Sir Richard Branson Founder, Virgin Group Rt. Hon. Gordon Brown UK Chancellor of the Exchequer Paul Bulcke CEO, Nestl David Cameron Leader of the Opposition, UK Parliament Barbara Cassani Chair, London 2012 Bill Clinton Former US President Vittorio Colao Chief Executive, Vodafone John Connolly Global Chairman, Deloitte Rt. Hon. Alistair Darling UK Chancellor of the Exchequer Lord Davies of Abersoch UK Minister for Trade, Investment and Business Evan Davis Presenter, BBC Radio 4s Today Programme Greg Dyke Director General, BBC Bill Gates CEO, Microsoft Honorable Al Gore Former US Vice-President Stephen Hester CEO, Royal Bank of Scotland Baroness Hogg Chairman, 3i Jeff Immelt Chairman and CEO, General Electric Anshu Jain Head of Global Markets, Deutsche Bank Boris Johnson Mayor of London Ravi Kant Vice Chair, Tata Motors Bill Roedy Chairman, MTV Xavier Rolet CEO, London Stock Exchange Jon Snow Presenter, Channel 4 News George Soros Investor, philanthropist and entrepreneur NB: Speaker titles reect positions at the time of their London Business School visit. Sir Martin Sorrell Chairman, WPP Mark Thompson Director General, BBC Peter Voser CEO, Shell Tony Wheeler Co-Founder, Lonely Planet Jack Welch Former CEO, General Electric Jasmine Whitbread CEO, Save the Children Andrew Witty CEO, GlaxoSmithKline

18 www.london.edu/mif/

I love the fact that there are so many professional clubs and conferences at London Business School. Im always really impressed by the great speakers they get in.
Sylvia Lu (Taiwanese) Masters in Finance (full-time) 2009 Account Ofcer, Bank of Tokyo-Mitsubishi UFJ

Is this programme right for you?

The Masters in Finance is designed for experienced nance professionals wishing to advance their career.

Who is this programme for? The Masters in Finance programme is especially appropriate for those working in:
n n n n n n

Am I eligible? You must have relevant work experience gained in nance or a closely related eld such as corporate law, nancial journalism or IT in a nancial institution. You should have experienced enough nancial transactions to be able to contribute to cases discussed in class. If you have been working in IT, you need to show signicant exposure to nance-related products. London Business Schools rigorous admissions process ensures that you study alongside a diverse class of the very best applicants whose experience is a major part of the overall learning experience. The programme is not suitable for people without prior nance experience who are planning to make a career change into nance - a general management programme like our MBA is a more appropriate course of study. But the Masters in Finance is an excellent choice if you want to expand and deepen your nance knowledge. We seek the brightest and best individuals for whom the programme is a good career t. You should have a good undergraduate degree or equivalent qualication, preferably an upper class honours or GPA of approximately 3.5. Above all, you will need to demonstrate the commitment, experience, motivation and potential to benet from, and contribute to, the programme. To learn more about eligibility, please visit www.london.edu/mif/apply/ CV review service The Masters in Finance team will be happy to review your background and provide you with personal feedback. You can upload your CV at www.london.edu/mif/cv/

i nvestment, commercial and retail banking i nvestment management, hedge funds, security analysis and broking t he nance function of industrial, commercial and service organisations c  apital markets, trading and risk management c  orporate nance, venture capital and corporate restructuring c  orporate planning and consultancy, where a detailed knowledge of nance is required accountancy rms, legal rms, property consultants, commodity businesses and investor relations specialists requiring an in-depth understanding of nance nance roles in the public sector and not-for-prot organisations, such as local or national government, voluntary bodies and international institutions c  entral banks and regulatory bodies at a national or international level

Industry prior to programme

Financial institutions

73% 13% 10% 4%

Industry and corporate

Consulting

Other

20 www.london.edu/mif/

What should I do now?

We accept applications from September onwards for the programme starting in the following year. We make interview decisions and offer places throughout the application cycle. Entry is competitive, so early application is strongly recommended.

GMAT Applicants are required to take the Graduate Management Admission Test (GMAT). This measures general verbal and mathematical skills, and provides an indication of the ability for clear and systematic thought. For more information visit www.mba.com We may agree to accept the GRE test in place of GMAT (if the test was taken less than ve years ago and you have achieved a high score). Please contact the MiF Admissions Team to discuss this further. Financing The Masters in Finance is a signicant investment, so we advise you to research all avenues of funding as early as possible. The London Business School scholarship portfolio has some outstanding scholarships available to help offset fees, ranging from 7,000 to 32,000. In order to be considered for these awards, we strongly encourage you to apply early. For more information, please visit www.london.edu/mif/nancing/ Tuition fees Fees cover all tuition and course materials, and preparatory modules for those who are required to attend them. For the latest fee information please visit www.london.edu/mif/fees/ Why not visit us? We hold regular information sessions at London Business School and in a number of cities worldwide. For information on where we will be next, please visit www.london.edu/infoevents/ The application process We run a staged admissions process throughout the year. Places on the programme are limited and we recommend that you apply early to avoid disappointment.

Step 1
Submit documentation
n n n n n n

Completed application form including personal statement  Current CV Two personal references Grades from your previous studies Your GMAT score Y  our score from a recognised English language test taken within the last two years (if English is not your native language). You do not need to submit an English test score if:

-y  our undergraduate or postgraduate degree was conducted entirely in English or in an English-speaking country (degrees must be two years or longer) -y  ou have lived or worked in an English-speaking country for at least two years since graduating from university.

Step 2
Interview If you are shortlisted, we will arrange for you to be interviewed by one of our alumni either in London or in your country of residence. No applicant will be offered a place without attending a personal interview.

Step 3
Final decision When we have received the interviewers report, the Admissions Committee can then make a nal decision on your application. To learn more about applying, please visit www.london.edu/mif/apply/

If you would like to speak to a member of the team about making an application, please call +44 (0)20 7000 7512 or email mif@london.edu
All admissions decisions are taken in accordance with best equal opportunities practice.

www.london.edu/mif/ 21

Other nance programmes at London Business School

We offer a comprehensive portfolio of short nance programmes for experienced business professionals.

The power to analyse, evaluate and deliver results Our nance executive education programmes are designed to address the learning needs of both general managers and nance specialists at every career stage. Gain the condence to use nancial information to make better business decisions or develop your understanding of a specic subject area to gain the best results for your organisation and advance your career. Corporate Finance Programme Portfolio n A  ccounting and Financial Analysis Learn how to use accounting data and nancial analysis techniques to assess a companys strength and measure the return that a company is earning on its capital. This programme also provides you with a rm grounding in the issues relating to corporate governance and key regulatory frameworks and their subsequent impact on nancial statements.
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The Masterclass in Private Equity The Masterclass provides a holistic view of the private equity industry to give you a new, more dynamic insight into investments. Presented in association with the Coller Institute of Private Equity research group, this programme delivers the latest empirical research and industry trends, combined with case studies from Europe, the USA, the Middle East and from other signicant emerging markets. Financing the Entrepreneurial Business Gain the knowledge and practical skills to successfully navigate each stage in the process of securing or providing investment for fast growth businesses. This programme is highly practical and interactive, providing you with the essential frameworks that can be applied at various stages of the deal cycle, from securing the initial investment, through to exit strategies. Project Finance Assess how organisations use project nance to structure, value and nance high-scale projects and focus on the application of project nancing techniques to real-life projects through a series of case studies. By the end of the programme, you will have gained a framework for understanding the many ways in which project nance can mitigate specic risks and provide specic incentives, while also assessing the limitations of project nance structures. Strategic Investment Management Gain the knowledge and practical skills to successfully navigate each stage in the process of securing or providing investment for fast growth businesses. This programme is highly practical and interactive, providing you with the essential frameworks that can be applied at various stages of the deal cycle, from securing the initial investment, through to exit strategies. Financial Seminar for Senior Managers Expand your understanding of equity and xed income products, evaluate investment strategies and measure performance effectively. The interactive and practical format of the programme is designed to provide a skill set that is highly relevant to real-world investing activities. You put what you learn into practice by participating in a fund management simulation, using techniques learned at each stage of the programme.

V  aluation Equip yourself with the key valuation techniques required to correctly appraise nancial decisions and accurately value companies. Upon completion of the programme you will be able to evaluate investment projects, and understand capital market behaviour, risk and the cost of capital. F  unding, Risk and Restructuring Gain the tools you need to manage a companys nancial risk effectively. The programme includes an in-depth analysis of mergers and acquisitions, restructuring, capital structure and company nancing options. A  dvanced Corporate Finance Elevate your corporate nance decision making to an advanced and strategic level. The programme covers both technical frameworks and practical case studies which can be applied immediately.

Investment Management Programmes n  Equity Portfolio Management Examine the latest theories in equity investment and the practical implications for asset allocation, portfolio optimisation, risk measurement models of return and performance measurement.
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F  ixed Income Markets and Bond Portfolio Management Explore a wide array of xed income instruments, including government bonds, swaps and interest rate derivatives, as well as collateralised bond obligations and other credit derivatives. D  erivatives: Markets and Models Gain the skills to become an informed user of derivatives and to avoid misapplication. This programme introduces you to a wide variety of derivative instruments and their characteristics.

Find out more about our world renowned finance executive education programmes: Website: www.london.edu/nance/ Telephone: +44 (0)20 7000 7051 Email: nance@london.edu

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The London Business School programme portfolio

Duration / Format / Primary study location

Recent graduate

Early career

Mid career

Senior manager

Masters in Management
12 months / Full-time / London
For recent graduates with less than one year of full-time postgraduate corporate work experience or with less than two years in a non-traditional business role.

MBA

15 - 21 months / Full-time / London

For individuals who are looking to make a vertical shift in their career path, change industry or job function, or develop an entrepreneurial toolkit.

Masters in Finance

10 - 16 or 22 months / Full-time or weekend / London

For individuals wishing to advance their career or change their area within nance.

Executive MBA

20 months / Study whilst working full-time / London or Dubai

Designed for those who want to accelerate their career into general management or move beyond their technical or functional specialism.

EMBA-Global Americas and Europe

20 months / Study whilst working full-time / London and New York

For dynamic, mid-career managers and professionals who are highly ambitious and have, or aspire to have, transnational responsibilities.

EMBA-Global Asia

20 months / Study whilst working full-time / Hong Kong

For dynamic, globally-focused executives and managers wishing to deepen their understanding of western and eastern business practices.

Sloan Masters in Leadership and Strategy

12 months / Full-time / London
Designed to prepare experienced senior managers for their next career challenge.

Executive Education
Our Executive Education portfolio comprises both open enrolment and company specic programmes. Open programmes range from two days to four weeks in length and span General Management, Finance, HR, Leadership, Strategic Marketing and Strategy.

Find out more For more information on our programmes and advice on the best solution for your professional development needs, please visit www.london.edu/programmes/ or contact: Masters Programmes Telephone: +44 (0)20 7000 7500 Email: masters@london.edu Executive Education Telephone: +44 (0)20 7000 7390 Email: execinfo@london.edu

Course details and other information provided in this brochure are correct at time of going to print. London Business School reserves the right to make changes at any time.

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London Business School

Regents Park London NW1 4SA United Kingdom Tel +44 (0)20 7000 7000 Fax +44 (0)20 7000 7001 www.london.edu A Graduate School of the University of London