Finance and Investments

You will develop a deep understanding of the structure and workings of financial markets and financial institutions. Building on relevant quantitative and IT skills, you will learn to master state-of-the-art theoretical and empirical models for investment decisions and for the pricing and risk management of stocks, bonds, and derivative securities.

Content

Financial instruments and investments

You will be trained in analysing stocks, bonds, and derivative securities using prevalent models for pricing and risk management. Investors form portfolios of different securities, and you will learn analytical tools for selecting portfolios optimally. The risk-return trade-off is essential to investments, and modern finance focuses on identifying relevant risk measures and the risk premia investors can obtain by exposing themselves to the various sources of risk. You will see theoretical models of the risk-return trade-off, but also empirical studies of the observed risk-return relation.

Financial industry and markets

You will obtain a solid knowledge of the different players in financial markets.  Companies use financial markets for raising capital, for short-term liquidity and risk management, and as a source of information for internal decisions related to capital budgeting and corporate governance. Households interact with financial markets when saving and investing for retirement or other purposes and when taking mortgages and other loans. Banks and other financial institutions act as intermediaries facilitating transactions and the efficient allocation of capital among corporations and households, but they also act in their own behalf as large profit-seeking and risk-taking market players and are therefore heavily regulated by society. You will learn about the financial decisions of companies, households, and financial institutions and the influence these decisions have on financial markets.

Analytical and communicative skills

The understanding and applications of both theoretical models and empirical methods in finance require specialized skills in mathematics, statistics, and IT. By nature, financial models build on tools and concepts from probability theory and statistics in order to represent the uncertainty which is so crucial for financial decisions. Computer-based quantitative software is wide-spread in the financial industry as it expedites the applications of the often quite complex models. The programme provides you with sufficient training of the necessary abilities both in a dedicated first-semester course and integrated in other courses whenever relevant. Communicative skills are developed through shorter assignments and longer written reports, as well as both oral and written exams.

STRUCTURE

Finance and Investments is a two-year master’s programme that is divided into four semesters. The fall semester runs from September to December with exams in January. The spring semester has courses from February to mid-April with exams until mid-May after which students work on a project until late June. There are eight mandatory courses, including the project, in the first year, and elective courses followed by a Master’s thesis in the second year. The Finance and Investments concentration gives access to certain progressive electives, enabling you to go even deeper into specific areas.

Additional options

In  the second year you have the option to apply for the CEMS programme.
You can also use part of your third semester to obtain a minor in one of the specialised minor programmes.

COURSE OVERVIEW

1. Semester

2. Semester

3. Semester

4. Semester

Quantitative Methods (7.5 ECTS)

Empirical Finance (7.5 ECTS)

Elective courses

or

Exchange

or

CEMS

Master Thesis

Corporate Finance (7.5 ECTS)

Financial Intermediation (7.5 ECTS)

Investments (7.5 ECTS)

Derivatives and Fixed Income (7.5 ECTS)

Financial Statement Analysis (7.5 ECTS)

Project (7.5 ECTS)

For course descriptions see the top of the page

You can find course descriptions in the programme regulations for Finance and Investments.

 

The page was last edited by: Student Affairs // 07/08/2016