Master of Science in Global Finance (M.Sc.) in Germany

• Cornerstones of sustainable management

• CSR as management approach

• Practical approaches of organizational effectiveness

• Tools for CSR implementation

• CSR and financial performance

• Life cycle assessment

• Corporate strategy evaluation and development of strategic options

• Emergent and prescriptive approaches

• Gap closing strategies

• Buy strategies: Mergers and Acquisitions

• Build strategies: Strategic renewal, organic corporate development strategies

• Ally strategies

• Market analysis

• Developing a business plan

• Capital procurement (loans, venture capital)

• Human resource planning and capacity utilisation

• Business valuation

• Fundamentals of investment appraisal

• Fundamentals of internal and external accounting

• Ethics in Finance

• Impact Investing

• Biodiversity Finance

• Socially Responsible Investments (SRI)

• Sustainable Investments

• Developments/Innovations in Sustainable Finance

• Traditional versus Behavioural Finance

• Revisiting EMH

• Anomalies in the market

• Prospect and other theories in Finance

• Biases including herding, aversion, perception, amongst others.

• Reflective Reasoning and the illusion of control

• Theories and tools to alleviate behavioural issues in financial decision making

• Fixed income instruments

• Term structures of rates and yields

• How are bonds traded?

• Fixed-income risk: Duration and Convexity

• Corporate bonds: Credit risk

• Fixed income indexes

• Yield curve strategies

• Interest rate scenario analysis

• Credit strategies

• Evolution of the current Fintech landscape, impacts on the financial services industry

• Different Fintech business models

• Enablers of Fintech innovations (5G networks, cloud computing, Big Data and analytics, artificial intelligence, Blockchain and cryptocurrencies)

• Fintech innovations and disruptions in different areas of the financial services industry

• Robo-Advisory and its applications

• Success factors and recent failures of Fintechs

• Future development and challenges of Fintechs

• The global economy

• Globalization and income

• Globalization and international trade

• Trade and comparative advantage

• David Ricardo’s theory of comparative advantage

• Modern trade theory: Heckscher-Ohlin and imperfect competition models

• Trade barriers and trade policy

• Firm location, distance and transport costs

• Firm location, distance and transport costs (multinationals)

• Exchange rates

• Currency crises and exchange rate policy

• Gains from capital market integration

• Financial crises, firms and the open economy

• Brief review of Probability theory and Statistics

• Linear regression with one regressor

• Linear regression with single regressor–hypothesis tests and confidence intervals

• Multiple regression

• Non-linear regression functions

• Regression with Panel Data

• Regression with Binary independent variable

• Time series regression and forecasting

• Performance Criteria for Risk Management

• Process and Framework for Managing Risk

• No-arbitrage concept in international financial markets

• Nature of Derivatives (Forwards, Futures, Options, Swaps)

• Valuation and use of forwards

• Marking-to-Market mechanism with futures

• Valuation of options: Put-Call-Parity, Binomial-Model, Black-Scholes-Model

• Hedging currency exchange risk using derivatives

• Basics on business valuation

• Valuators and analysts, professional valuation companies

• Functions and purposes of business valuation

• Process of business valuation, business valuation standards

• Valuation methods

• Earnings-based valuation methods

• Cash-Flow-based valuation methods (flow to equity, free cash flow, total cash flow and adjusted present value)

• Market-based valuation methods (multiples)

• Business valuation and taxes

• Preparing the valuation report

• Return measurement: Geometric and Arithmetic

• Systematic vs. Unsystematic Risk: Diversification Risk: Standard Deviation; Semi-variance; Correlation; VaR

• Balancing risk and reward

• Market prices of risk: CAPM, market beta, and factor models

• Risk-adjusted returns: e.g., Sharpe, Treynor, Jensen’s Alpha, Sortino, Calmar, Information Ratio

• Risk models: liquidity risk, credit risk, factor models

• Performance measurement and attribution

• Asset Management industry and fund types: pension funds, mutual funds, hedge funds, ETFs, closed-end funds, venture capital and private equity

• Discovering and evaluating entrepreneurial opportunities

• Developing business ideas from opportunities (e.g., based on using Design Thinking, Personas and User Stories).

• Feasibility analysis of business ideas

• Transferring the idea into a Business Model

• Business Model and its building blocks (value proposition, customers segments, channels, customer relationships, revenue model, key partners, key activities, key resources, cost structure)

• Business Plan: Introduction, Sample Case and General Outline

• Developing the details of the business plan

• Finding sources of financing: Business angels; Private equity; Startup financing; Venture capital investors

• Preparing a pitch deck for successfully presenting the new venture business plan

  
  

• Focused review of the curriculum content

• Pre-assessment quiz/ content area assessment as a benchmark for students’ status quo

• Guide and Strategic Plan to Case Study Analysis

• Writing a proper Case Study Analysis report

• Developing proper answers to Case questions, applying the relevant theoretical knowledge and frameworks

• In-depth Case Study Analysis with focus on all subject areas of the curriculum

• In-depth Case Study Analysis with a special focus on Strategic Management

• Students will be placed in management teams

• Each management team will run their own company

• Various companies will compete in an industry

• Each company's management will be responsible for all the decisions made, or not made, which will impact the company's performance

• Various rounds of decision-making

• Presentation, assignments and reports of the group

You can choose between an internship (lasting at least eight weeks) or a semester abroad at one of our partner universities.