Máster In International Finance

Quantitative Methods Applied to Finance

1. Foundations of Financial Maths

2..Econometric Foundations Applied to Finance

3. Econometrics Applied to Finance

ECONOMICS I

1. International Capital Markets

2. Regulating International Banking and Capital Markets

3. Exchange Rates

4. The Balance of Payments Accounts

5. The Standard Trade Model

6. International Trade Policy

7. Theories of Fluctuations

8. Economic Situation

9. Informational Asymmetries

ECONOMICS II

1. The US Economy and its global impact

2. The European Economy

3. Eastern Europe

4. The Asian Countries

5. Latin America and Africa

6. Historical Facts

FINANCE I

1. Fixed Income Products

2. Equities

Case Study: Cost analysis of trading in the International Stock Markets.

FINANCE II

1. Derivative Products

2. The Foreign Currency Market

3. Commodities Markets

4. Money Markets and short term interest rate derivatives

5. Swaps

6. Long term interest rate derivatives

7. Interest rate management strategies

8. Foundations of Technical Analysis

FINANCE III

1. Portfolio Management

2. Performance Attribution and Portfolio Risk measures

3. Alternative Management

4. Investment Funds

5. Risk Management

6. Wealth Management

CORPORATE I

1. The Finance Function

2. Financial Statement Analysis

Case Study: Practical application of ratio analysis

CORPORATE II

1. Corporate Finance

2. Working Capital Management

3. Capital Budgeting

4. The Banking Relationship

5. Mergers and Acquisitions

CORPORATE III

1. Basic Corporate Financing

2. Trade _ Commodity Finance

3. Project Finance

4. Other Structured Financing

5. Corporate Governance

INTERNATIONAL FINANCIAL REGULATION AND TAXES

1. Banking and Securities Regulations

2. Mifid (Markets in Financial Instruments Directive)

3. Collective Investments Regulations

4. International Accounting Standards

5. Basle II

6. Bankruptcy _ Corporate Restructuring

7. Corporate Law

8. Mergers _ Acquisitions Law

9. Emerging Markets Law

Case Study: The impact of Basle II in the international financial crisis

TECHNICAL SKILLS IN FINANCE

1. Excel Applied to Finance

2. Financial Information Providers

MANAGERIAL SKILLS IN FINANCE

1. Communication

2. Negotiation

3. Presentation Skills

4. Negotiation Dynamics

5. Consulting skills

ETHICS AND VALUES IN FINANCE

1. Business Ethics: Concept, Need, Effects, Responsibility and Decision-making

2. Compliance

3. Information Barriers

4. Ethical, Social and Environmental Management in businesses

5. Codes of Conducts

6. Business Cases

7. Ethics in Finance

The Wharton School Sessions

1. Vision of the Future for Financial Services

2. Venture Capital and Private Equity

3. Private Banking: Asset Allocation and Wealth Management

4. Using Financial Information Intelligently

5. International Cash Management

The London School of Economics Sessions

1. International Financial Regulation

2. Financial Risks

3. Emerging Markets and the Global Economy

4. Risks and rewards of doing business in emerging markets

5. Business in China: growth and reform

6. Fundamental to ABS and corporate fixed income: What has changed?

7. An introduction to hedge funds

Methodology

The methodology followed is highly practical, based on rigorous and up-to-date contents to provide professional know-how. Each study module is accompanied by a practical case to be carried out by the students which relates to the covered material. In addition, the complexity of Financial Economics – mainly due to the abstraction and intangibility of the products handled – means that certain Master subjects need to contain a technical component which will be assessed through appropriate exams, case studies and research papers.

So, theoretical classes alternate with practical ones and with the use of the appropriate IT tools, given that the IEB has an IT room and treasury desk similar to those of any brokerage firm. The professional market profile of a wide number of teachers and the reduced size of student groups will enable the systematic analysis and study of real experiences and teacher directed presentations by the students in class.

Moreover, the creation of team spirit and group cooperation will be fostered. Finally, all the students shall complete a Final Project which will require all acquired knowledge to be put into practice.

Students

As concerns the target public that can gain admission to this Master the places are firstly offered to graduates, either Bachelors or Engineers in any of their specializations. Those wishing to study this Master should logically both speak and write fluent English. All candidates will attend several interviews with the members of the Admission Committee before joining the Master. An optional leveler course will take place before the beginning of the program for those students that the Master’s directorate consider should deepen their knowledge of the “basic tools” (computing, math, accounting etc.) that will be used in the Master.

Qualification

The qualification granted at the end of the studies is Master in International Finance, issued by the Academic Board of the IEB as an own degree sponsored by the Bolsa de Madrid (Madrid Stock Exchange). The IEB, as academic collaborator of CFA Spain, includes within this Master the preparation for the CFA Level 1.

Faculty Staff

The academic staff of the Master program is composed of professionals from the financial sector and markets (directors of securities and brokerage firms, financial institutions, financial analysts, treasury desk managers, portfolio managers, etc).

All of the professors possess high level university training and many of them hold a postgraduate degree (Masters, Doctorates, CFAs, FRM, CAIA, EFA, etc.) issued by prestigious universities throughout the world. Furthermore, their teaching capacity and efficiency in transmitting knowledge have been largely demonstrated.