Professional Documents
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Early Career
MastersinProgrammes
Masters Finance
London experience. World impact.
Make an immediate and lasting impact
on the world of finance
The London Business School (LBS) Masters in Finance (MiF) is consistently
ranked as the world’s best post-experience programme by the Financial Times.
Customisable, immersive and truly unique, this degree is for experienced finance
professionals with limitless ambition.
02 Masters in Finance
Our Masters in Finance is a specialist,
technical, full or part-time masters
that can be tailored to suit your career
goals. Two formats, one life-changing
programme. Choose from:
Masters in Finance 03
Masters in Finance Full-time
Advance your career and build an international network with a fully immersive,
customisable finance programme for experienced professionals.
LBS’s long-established reputation as a You can complete the programme in as Format: Full-time learning
world-leading financial and academic little as 10 months and get right back to experience
institution, alongside its connections business, or extend your experience to
with industry, recruiters and esteemed 16 months with a fourth term – including
practitioners, makes it the only place a summer internship, an international
for the brightest financial minds to take exchange and/or additional electives. Paras Bakrania
this most pivotal step. (British) MiFFT2016
A world-class network Associate,
The power of our MiF lies in its fusion
While on the MiF you will build your AQR Capital
of academic prowess with real-
network, studying alongside a diverse Management
world experience. This, along with
its multitude of options in electives, mix of fellow finance professionals.
concentrations and experiences, a You’ll also have lots of opportunities
to connect with students across our
global cohort and faculty, and a full
masters programmes, such as the “The MiF at LBS is unique.
immersion into the world of finance
both on and off campus, gives you MBA, MiF Part-time, Executive MBA You won’t find anything like
everything you need to exceed and Masters in Financial Analysis. And it anywhere else in the world.
upon graduating, you’ll join a powerful
your goals.
network of more than 44,000 alumni It’s a one-year course with
Your ambition, around the global. many of the opportunities
your journey of a two-year MBA. And
The MiF’s core curriculum grounds fantastic recruiters come
you with a rock-solid understanding to the School because of its
of finance as a whole. A wide range of reputation and connections.
finance electives, and options from the
wider LBS portfolio – such as strategy, That’s an incredible
or organisational behaviour – broaden resource.”
your learning. Take a specific direction
by choosing a concentration – in
Investments, Risk, Corporate Finance
or CFO – or steer your own course by
building your own programme.
www.london.edu/mif-ft
Email: mif@london.edu
Tel: +44 (0)20 7000 7505
04 Masters in Finance
Class profile
5.5 39 ■■Asia47%
■■Latin America (incl. Caribbean)21%
■■Central Banks/Ministries/
Regulation/Public Finance
Investment Banking/Brokerage
19%
19%
■■Europe (excl. UK) 15% ■■
Years of work Nationalities ■■Africa/Middle East 7% ■■Investment Management 18%
experience (mean) ■■US/Canada6% ■■Consulting11%
■■Oceania2% ■■Accounting Services 8%
■■UK2% ■■Commercial Banking/
Project Finance 7%
2 to 15 ■■Corporates6%
■■ Private Equity 6%
Please note, programme statistics have been
■■ Other Finance 5%
Range of work experience (years) rounded to the nearest decimal point. ■■ Technology1%
Programme structure
Electives Professional
(December) Finance@Work Finance@Work
Development Skills
Up Close Professional
with Faculty Technical Skills
Development Skills
Presentation Skills
Masters in Finance 05
Masters in Finance Part-time
Apply the expertise and skills gained on the programme for an immediate
and lasting impact. Further your career while still working, with this highly
customisable programme.
06 Masters in Finance
Class profile
2 to 19
■■Other Finance 7%
■■ Central Banks/Ministries/
Regulation/Public Finance 4%
Please note, programme statistics have been
■■ Technology4%
Range of work experience (years) rounded to the nearest decimal point. ■■ Private Equity 3%
Programme structure
Pre-programme Term One Term Two Term Three Year Two
and Orientation September–December January–March April–June
August
Orientation Week
Core courses Core course Core courses Electives
and Away Day
Professional
Finance@Work Finance@Work
Development Skills
Professional
Technical Skills
Development Skills
Technical Skills
Masters in Finance 07
Programme elements
What goes into the mix for this most dynamic and global of finance programmes?
The synergy between theory and academics with an applied and practical learning experience, combined with instruction in
a range of crucial skills, create a powerful recipe for success in the world of finance. International experiences expand your
horizon and perspective to bring all of it together.
Academic excellence
LBS’s global reputation as a leading light in financial academia is unmatched. Combined with our links to leading
financial institutions, and our 36 full-time finance and accounting faculty members who are constantly pushing
boundaries with new frameworks and theories, this means there is no better place in the world for the brightest
financial minds to shine.
Our pre-programme modules make sure you hit the ground running. This upfront, online learning – including
modules in accounting, statistics and finance – prepares you for the intense and stimulating environment
that awaits.
08 Masters in Finance
The skills for success
It takes more than knowledge and experience to make it to the top of global finance. Designed for the
relentlessly ambitious, whatever their career path, our professional skills workshops on topics such as
managing change, consultative selling, resilience, personal impact, and influencing and persuading, equip
you with the confidence and expertise to make a powerful impression.
Applied learning
Ground your learning in reality. Real business issues and challenges from the world’s top organisations await
your expertise.
Global experience
The MiF is global to the core. Based in arguably the most international city in the world, with more than
130 nationalities represented in the student body, international case studies and our close links to the global
finance industry, your perspective is boundless. The opportunities for international travel – through exchanges
and trips – to experience global finance at first hand, create a truly unequalled masters programme.
Masters in Finance 09
Flexibility and customisation
Your life, your career, your Masters in Finance.
Programme length
Whether taking the full or part-time programme,
flexible exit points enable you to customise the
programme to your schedule.
Concentrations
Choose a general track, or choose a concentration:
a specialist study route according to your career
goals. Build your programme from a range of electives
and practitioner courses under one or more of our
four concentrations:
CFO – supports those seeking to Investment Management and Analysis
advance to a CFO position, responsible – focuses on fund management,
for financial stewardship, strategic through managing investment
partnering and value creation. portfolios or researching investments.
Electives
Advanced Corporate Finance Equity Investment Management
Behavioural Finance Fintech
Corporate Communications Fixed Income Securities
and Investor Relations
Negotiation and Bargaining
Corporate Valuation Project and
Credit Risk Infrastructure Finance
10 Masters in Finance
Practitioner courses
Business of Asset Mergers and Acquisitions
Management Risk Management
Business of Corporate and Derivatives
Finance Theory and Practice
CFO of Regulation
Internships Organisations our MiF students have interned at during the programme include:
Skills
Develop a range of professional, technical
and career skills, including:
Masters in Finance 11
Your next career move
Our in-house Career Centre has the financial knowledge and practitioner experience
to guide your professional development strategies and give you the opportunity to
explore a range of career options.
The specialist skills and experience If you are on the part-time programme,
Guillaume Marion
gained on this programme, along with and in full-time work, a dedicated career
(Canadian) MiFFT2014
your previous work experience, will coach is available to assist you with your
Chief Financial Officer,
further raise your standing as a great personalised career plan at specific
Diagram Ventures
candidate for senior finance roles. times outside working hours.
LBS’s solid finance reputation and
Our expertise includes:
connections to key institutions mean we
have forged strong relationships with ■■ Sector recruitment managers and “HSBC came to campus to
top recruiters in London and around coaches to help you plan your meet students at the start of
the world. Students from our 2017 MiF career goals
intake are now working in 24 countries. my programme and I decided
■■ Online job resources with sector
insights and employer profiles to apply for a role there in
Comprehensive support from the Career
Centre team is available throughout the ■■ One-to-one coaching, group investment banking. As a
programme and includes CV and cover training and online resources result, very shortly after
letter workshops, recruitment fairs, ■■ Advice on CVs, applications starting the programme I had
networking events and interview and interviews
coaching for specific finance sectors. already secured full-time
■■ Mock interview training
Richard Bland, Head of Finance in employment. I’ve since
the Career Centre, explains, “We give ■■ Practical networking skills
moved to the startup world
students the fundamental building ■■ Advice on working with headhunters
blocks for their career by helping them as CFO of Diagram Ventures,
■■ Student/recruiter events on campus
maximise their skills and contacts, and a fintech venture capital
encouraging them to take ownership of ■■ Alumni Career Centre support.
fund. Now, prospective and
their job search.”
current students contact me
There is also a real focus on identifying
transferable skills so that you are
directly to ask my opinion
confident in articulating your unique about my experience, or to
value to prospective employers. obtain advice about careers,
and I try as much as possible
to help them.”
12 Masters in Finance
2017 full-time
graduate stats
93%
accepted an offer
within three months
of graduation
£65,555
basic salary
(mean)
Top employers
Pippa Johnson
(British) MiFFT2014
4% 41% 5%
Senior Manager
Corporate Strategy and
Business Development,
US/Canada UK Europe The Walt Disney
(excl. UK) Company
Masters in Finance 13
Faculty and Research
Our globally recognised faculty includes industry innovators, practitioners and
thought leaders who bring their unique perspective, academic rigour and expertise
to every learning experience.
With one of the largest finance and Suleyman Basak João Cocco
accounting faculties in the world, Professor of Finance and winner of Professor of Finance
LBS is acclaimed for its cutting-edge the Best Teacher (Masters in Finance)
Expertise: Household finance; banking;
academic research, thought leadership Award 2017 and 2018
corporate governance; asset allocation;
and innovation. The FTSE 100 stock
Expertise: Asset pricing and asset real estate finance and pensions.
market index emerged here, designed
allocation; risk management; market
by leading finance professors Elroy Experience: João has held several
imperfections; international finance;
Dimson and Paul Marsh. consulting posts. He is a member of
and financial innovation.
the Editorial Board of Economic Policy,
This is a selection of our much larger
Experience: With a PhD in financial of The Review of Financial Studies and
MiF faculty who routinely consult
economics from Carnegie Mellon of the Journal of Pension Economics
to financial institutions, companies
University, Suleyman was Assistant and Finance.
and government agencies, ensuring
Professor of Finance at the Wharton
relevancy in everything we do.
School and Visiting Professor at
the Graduate School of Business,
University of Chicago. He has
consulted for Goldman Sachs and
is Associate Editor of the Review of
Finance and Mathematics.
“Suleyman Basak is a
genius – his course on
Fixed Income was so
entertaining. Private
Equity, taught by
Professor Eli Talmor,
gave us an in-depth
understanding of the
subject alongside
cutting-edge concepts.”
Florian Meyer (German) MiFFT2013
Associate, Goldman Sachs
14 Masters in Finance
Francesca Cornelli Chris Higson Major research centres
Professor of Finance Associate Professor
of Accounting Practice Research lies at the heart of the
Expertise: Corporate governance; School’s academic prowess.
private equity; privatisation; Expertise: Financial statement We have seven research centres
bankruptcy; initial public offerings; analysis; valuation of information and institutes, two of which are
and innovation policy. and intangible assets; financial dedicated to finance.
governance; private equity; and
Experience: Francesca has taught AQR Asset Management Institute
macroeconomic determinants of
at world-leading institutions including London is Europe’s asset
company performance.
Wharton and the London School of management capital. As Europe’s
Economics. She is a research fellow Experience: Chris has taught on all top business school, LBS is uniquely
of the Center for Economic and the School’s major programmes and placed to mine the information
Policy Research and has published earned his doctorate here. He is also asset managers need to tackle
numerous papers in the leading a faculty member of the Coller Institute the challenges of today’s volatile
finance and economics journals. of Private Equity. A regular advisor business environment.
She is also an editor of The Review to financial institutions, industrial
of Financial Studies and Private companies and UK and overseas Our partner, AQR Capital
Equity Findings. governments, he previously worked Management, is a pioneer in research-
for Deloitte. driven investment management and
James Dow has deep connections to the global
Professor of Finance Narayan Naik academic community. Our combined
Professor of Finance forces of financial expertise, strategic
Expertise: Corporate finance
incentives and communication; Expertise: Hedge fund investing; thinking and practical know-how
integrating financial markets and hedge funds benchmarking; make the AQR Asset Management
corporate finance; executive performance evaluation of long- Institute a growing world-player in
compensation; and leadership. only managers; tail-risk hedging; asset management research.
life settlements-longevity risk; and The institute sponsors a number
Experience: James has consulted to
market microstructure. of generous monetary prizes
leading companies and governments
on corporate financial and regulatory Experience: Narayan has designed, each year for future stars of the
policy, and commercial arbitration and taught tailor-made courses investment industry.
cases. He is former editor of The in corporate finance, investment Private Equity at LBS
Review of Economic Studies. Other management, Islamic finance and From venture capital to private equity,
academic posts include Professor of hedge funds for investment banks and this research centre examines the
Economics and head of the economics financial institutions. He has consulted field from a variety of stakeholder
department at the European for the World Bank, sovereign wealth perspectives, producing academic
University Institute. funds in the Middle East, and private papers, case studies and applied
corporations in the UK, US, Middle analysis, with one ultimate goal: to
Christopher Hennessy
East and Far East. profoundly impact the way the world
Professor of Finance
Stephen Schaefer does business.
Expertise: Corporate financial
management; and valuation of
Professor of Finance Other research centres
financial securities. Expertise: Credit risk; derivative The Leadership Institute provides
instruments; investment management; pioneering research, teaching
Experience: Recent work has
asset pricing theory; portfolio and events to raise standards in
focused on hybrid debt, taxation
selection; capital markets; financial global leadership.
and the design of financial contracts.
regulation; and term structure of
Christopher has won three Brattle To respond to the world’s most
interest rates.
Prizes for outstanding corporate urgent economic and social
finance research published in Experience: Stephen is a member problems, the Wheeler Institute for
The Journal of Finance and is the of Moody’s Academic Advisory Business and Development gives
author of numerous publications and Research Committee and an teaching and immersive experiences
(jointly) covering debt structure independent board member of the to inspire and empower future
and capital structure. Securities and Futures Authority. He leaders to make a positive impact.
has written extensively and broadly on
credit risk, and teaches at Stanford, The Institute of Innovation and
and at the universities of British Entrepreneurship equips and
Columbia, Cape Town, Chicago, inspires entrepreneurs, innovators
Berkeley and Venice. and leaders.
The Centre for Corporate
Governance provides research and
recommendations to drive forward
the corporate governance debate.
Masters in Finance 15
Beyond the classroom
Your MiF doesn’t start and end with the curriculum. Pursue your
professional and personal passions through the many exciting forums,
clubs and social activities on and off campus. Here’s a taste of the
wider LBS community in action.
London is teeming with LBS alumni The Investment Management Club Career treks
who work in the highest echelons of manages a portfolio of US$200,000 Meet a potential employer on a career-
the finance industry. From forums and (£150,000) of donated funds and also focused trek to business hubs around
clubs to social activities and trips, runs an annual Stock Pitch event, where the world. Arranged by students with the
their expertise and generosity means members pitch their stock ideas to help of the Career Centre, you’ll meet
finance-related social and networking fund management professionals. leading companies and organisations,
opportunities abound. get a better understanding of an
The number and range of events on
industry or sector, build connections
The vast number of LBS alumni who offer ensure you pick up insights and
within local firms and explore tangible
work in the finance sector in London improve skills highly relevant to your
career opportunities. Recent treks to
provide the School with an endless particular finance sector.
Singapore and Hong Kong included
stream of speakers for our events,
Other student-led clubs meetings with Credit Suisse, Nomura,
giving you an opportunity to nourish
Professional clubs can take you to the Goldman Sachs and Bain & Company,
your career, interests and ambitions
banking world of New York or to study focusing on asset and private wealth
through introductions and networking.
microfinance in Ghana. Why not explore management, hedge funds and
Connecting with them and your
the Real Estate Club, Turnaround private equity.
fellow students from other finance
Management and Restructuring Club,
programmes, as well as MBAs, MiMs Social trips
Tech and Media Club or Art and
and Sloans, expands your horizon and Students come from every corner of the
Business Club? You can join a football
enhances your experience exponentially. globe and enjoy sharing the highlights of
or women’s touch-rugby team, taste
Company visits to the world’s most their home country. Popular trips include
wine or perform Shakespeare – the
successful finance organisations – most skiing in the Alps, the Paris Marathon
choice is endless.
of whom are on our doorstep – are yet and InterRailing around Europe. Who
another benefit of learning in the heart of The Women in Business Club – one knows where you’ll go!
a global financial capital. of our largest and most active clubs –
Families welcome
celebrates and advances women’s
Finance clubs All partners of our MiF students are
leadership through a flagship conference,
The brightest lights from the finance welcomed by the Partners Club, a
events, networking, development,
world share their insights and supportive network run by and for
recruitment and mentoring.
experience with members of our partners and their children across the
finance clubs. Our highly active Private There are regional clubs – such as the School. It organises regular events such
Equity and Venture Capital Club LatAm Club, Africa Club or ANZ Club – as London walks, language classes,
boasts more than 4,000 members to represent nearly every region in job-hunting workshops and children’s
interested in all aspects of the field. the world, enabling students to forge playgroups, as well as theatre and pub
Recent events featured Canter PE and strengthen links to people and nights, which perfectly illustrates our
and LEK Private Equity Consulting. organisations in their home country. community spirit.
Student-led clubs
Below is a small selection of our 80 student-led clubs that cover a range of professional,
sporting, regional and social interests. Find out more at www.london.edu/clubs
16 Masters in Finance
Masters in Finance 17
Start your journey now
LBS provides an unparalleled springboard to new opportunities for finance
professionals. Find out more about applying for and financing your degree.
www.london.edu/events ¢¢ CV
5 Financial aid
Business school is a big investment. Spend a
little time using our funding search tool to find
Contact us by telephone or email
scholarships and loans that could make your The Recruitment Team can help you discover which
investment a little easier. programme is the right one to help you achieve your
career ambitions.
www.london.edu/financialaid
mif@london.edu | +44 (0)20 7000 7505
6 Information for partners
www.london.edu/mif
Visit the Partners Club website or send an email:
www.london.edu/clubs/partners
Email: partners_clubs@london.edu
18 Masters in Finance
Our programmes
London Business School can boost your capabilities and potential at every stage of your career.
Range of work experience in class Key target range of work experience Average class work experience
All admissions decisions are taken in accordance with best equal opportunities practice.
www.london.edu/mif
London Business School
Regent’s Park
London NW1 4SA
United Kingdom
Tel: +44 (0)20 7000 7000
www.london.edu
A Graduate School of the University of London
© 2018 London Business School