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Master Finance
Now one instead of two Masters…
• The Master’s program in Finance combines the best of two previous Masters, namely:• Master Financial Management• Master Investment Analysis
• Started in September 2010• Related programs
• Master Accounting• Research Master Business (Finance orientation, if you want to do a
PhD)• Master Quantitative Finance and Actuarial Science (QFAS, very
technical)
FM-IA -> MiF
• Fields of corporate finance and investment have become increasingly interlinked.
• High-level decision making, either as e.g. a Chief Financial Officer or as an equity analyst, requires a sound knowledge of both corporate finance/accounting and asset pricing models.
• This Master’s program in Finance accomplishes this by having three compulsory courses that teach the big theories in both corporate finance and investment analysis.
• Students can still specialize in either corporate finance or investment analysis through a wide selection of electives, and by their choice of Master’s thesis topic.
Profile of program
Specialized training in Finance• Focus on recent developments in the field• Mix between theory and practice• Many case studies, several guest lectures• Taught by both academics and practitioners• Development of research skills• Many international students• CFA accredited (see further)
Taught the Department of Finance• International group of renowned researchers that
consistently publish intop finance and economics journal.
• Research ranked in top 5 in Europe• Many teachers also part of EBC, Netspar.• Several of our lectures have won teaching awards over the
last years.
Layout of study program (1)
Semester 1• Capital Structure• Investment Analysis• Empirical Methods in Finance (topics in CF/IA)• 2 electives
• Corporate Governance and Restructuring• Corporate Valuation• Investment Analysis of Aging and Pensions• Financial Statement Analysis• Strategic Management
Layout of study program (2)
Semester 2• 2 electives
• Derivative Securities and Risk Management• Financial Markets and Institutions• Treasury Management• Advanced Financial Accounting• Financial Analysis and Investment Behavior.• Entrepreneurial Finance
• Master thesis
Master Finance- CFA
Since September 2009, MiF is a Chartered Financial Analyst (CFA) partner program
Students will have a solid grounding in the CFA Program Candidate Body of Knowledge (CBOK).
CBOK is the foundation of the CFA Program curriculum and it represents the knowledge, skills and abilities that practitioners indicate they need to know to do their jobs well.
Students that are trained in the CBOK in their academic coursework, should be able to earn their CFA charter with less additional time and effort, and should, in fact have higher success rates on these exams.
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Chartered Financial Analyst (CFA)
The Chartered Financial Analyst (CFA) designation required
The Chartered Financial Analyst (CFA) designation strongly preferred
CFA is a plus
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Job ads from one day
What can I do with my CFA title?
Charterholder employment by title
Three exams + 4 years of experience
Charterholder employment by title
CFA track: costs and benefits
Costs:
• Obligation to follow course in Finance Ethics
• Fixed program (no choice in electives)
Benefits
• Excellent preparation for CFA level 1 exam
• Possibility to participate in Global Challenge
• Possibility to win one of five scholarships
• Admission to Tilburg’s CFA events
CFA track
Semester 1
• Capital Structure
• Investment Analysis
• Empirical Methods in Finance
• Corporate Governance and Restructuring
• Financial Statement Analysis
Semester 2
• Financial Analysis and Investor Behavior
• Derivative Securities and Risk Management
• Master’s thesis
Calendar Master
Thesis /Internship
Sept.
Required Course
Elective
Elective
Thesis
Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July
Elective
Required Course
Required Course
Elective
Master Finance: Skills
• Link specialized knowledge, often of a technical nature, to practical economic problems.
• Perform high-level empirical analysis using relevant econometric methods and software (in Excel, STATA).
• Communicate new insights in a clear manner, both in written and oral form.
• Critical attitude to work done by others (existing studies, fellow students) and by your own.
Master’s thesis
Independent piece of academic work• Review of literature and own problem analysis, often involving an
econometric study.
Preparation and writing during second semester• Make sure to start on time! • In first part of second semester you need to work on research proposal.• Optimal path:
• Finished research propsal and allocated supervisor by mid-March• Finished thesis + defence by end of summer (but December at the
latest)
Possibly with an internship (but again: start in time)
Topics of recent Master’s thesis FM
• Company performance after a management buyout: the influence of capital and ownership structure
• Optimal Dividend Policy of a Private Bank (VLB)• Using real options to value R&D intensive products (Fuji
film)• No profit, big bonus: CEO remuneration in the current
crisis. • Is there a link between executive cash compensation
and firm performance?• Many potential topics related to subprime crisis.
Topics of recent Master’s thesis IA
• Socially responsible vs conventional mutual fund investing in the United States: performance, investor behavior and the influence of fund size
• Commonality in liquidity: evidence from the Euronext Exchange• What drives the correlation between stock and bond returns?• Evaluation and analysis of mutual fund performance: evidence from U.S.
mutual funds• The diversification benefits of investing in emerging markets.• The value of alternative investments (real estate, commodities, wine, art,…)
Relevant Bachelor Courses
• Accounting & Finance courses• Mathematics and Statistics• Macro – Micro Economics
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TiSEM Career Services
TiSEM Career Services
Guiding you in your career planning process• Career Advice• Career Workshop• Internships• TiSEM Career Mentor Program
Simone Hofland (K204)Career Services Officer
13 466 4203
s.b.hoflandlokin@tilburguniversity.eduwww.tilburguniversity.edu/studentcareerservices
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TiSEM Alumni Relations
TiSEM Alumni Relations
Alumni are our most important ambassadors and our goal is to continue to support our alumni to succeed in their professional lives by providing opportunities to
- Expand Your Future- Knowledge - Skills - Network
As a student, you can benefit from the experiences of the thousands of alumni in the network
Pam Dupont Alumni Officer013 466 3603
alumni-tisem@tilburguniversity.eduhttp://www.tilburguniversity.edu/alumni-tisem
For top students
Prepare for PhD
Great Rankings
Excellent Funding
International setting
Good Job Opportunities
Top Scholars
Visit us this evening at the Information Market or
at the Meet&Greet, 3 December (by invitation)
Research Master Business or Economics:
23School of Economics and Management
2410-04-2023
Teacher of Economics or Management & organization
From September 2013 3rd years Bachelor’s
students can start with the first 15 ECTS
As of September 2014 the full program starts
More information
www.tilburguniversity.edu/master/lerarenopleiding
prof. van Dalen h.p.vandalen@tilburguniversity.edu
University Teacher Degree
Titelpresentatie in Footer
Questions?
Thank you and good luck!
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