by Emma Drakes, Recruitment Coordinator, MiF
Our Masters in Finance (MiF) class visits offer a unique insight into the strength of London Business School’s faculty and teaching.
Is the Masters in Finance Right for you?
Class visits are a great way to meet informally with current MiF students. Students will have similar financial backgrounds so discussing the programme in detail can prove extremely useful. There will be a member of the Recruitment or Admissions Team present on the day so it’s a great opportunity to discuss the entry requirements of the programme and ask any burning questions.
The Faculty and Teaching
A major strength of London Business School is its Finance faculty with their wide range of financial backgrounds. They are consultants to leading banks, associate editors of prestigious academic journals and board members of advisory boards for international finance organisations. As a MiF student, you will be put at the centre of global finance. You will gain access to the latest finance research and techniques, master a wide range of financial tools and fill crucial gaps in your knowledge.
As one of the world’s leading business schools – working in one of the globe’s most exciting business centres – our faculty has unparalleled access to organisations and institutions. London Business School participates in the UK-wide Research Excellence Framework (REF) exercise which assesses the research performance of UK universities. In the most recent review, which was published in December 2014, London Business School maintained a strong position with 55.3% of its research output receiving the top 4* rating (world-leading).
Corporate Finance and Valuation Core Course – What does it cover?
The objective of this course is to develop a logical, coherent framework for analysing corporate investment and financing decisions. Broadly speaking, the topics fall into three categories:
- Project Appraisal and Firm Valuation. This portion of the course concerns the firm’s investment decisions, or the asset side of the balance sheet. Which projects should a firm undertake? What is the value of a potential target? How are valuations influenced by factors such as risk and mode of financing? What methods are used in practice and what are their pros and cons?
- Financial Policy. How should a firm raise funds? What is the optimal mix of debt and equity in the financial structure, accounting for financial market imperfections such as taxes, agency conflicts and asymmetric information? Should the firm hedge its risks via derivatives? How should the firm manage its liquidity?
- Payout Policy. How much of firm cash flow should be retained and how much distributed? What are the mechanics of various forms of payouts? What is the best mode of distributing cash to shareholders?
On successful completion of this course, students will be able to:
- Perform capital budgeting decisions.
- Value companies using multiple methods.
- Understand trade-offs of alternative financing policies.
- Understand incentive effects of financing decisions.
- Be able to analyse alternative payout policies
- Be able to analyse corporate credit risk.
- Be able to value hybrid financial securities.
- Understand why firms hedge and how.
- Understand liquidity management methods.
Come Join Us!
Come and take part in a class. We have four Saturday dates when you can join the part-time MiF Investments core course either in the morning (09.00-11.45) or in the afternoon (12.45-15.30):
Saturday 5 May
Saturday 19 May (afternoon only)*
Saturday 2 June
Saturday 16 June*
* includes the option to join the class for lunch (11.45 – 12.45)
Places are limited so if you would like to take part please contact firstname.lastname@example.org as soon as possible.