LBS logo London experience. World impact.

Masters elective courses


Achieve your career ambitions with our inspiring range of electives.


View the concentrations available on the Masters in Finance programme here.



Accounting

  • Advanced Financial Statement Analysis

    Cover the fundamentals of financial analysis, evaluate the quality of financial information and use the information to reveal the economics of firms.


    This elective is available on Masters in Finance.

  • Corporate Communication & Investor Relations

    Financial communication is what firms use to communicate about the firm, its activities, and its priorities with various stakeholders. Although its primary audience is capital providers and the intermediaries that support these capital providers, employees, customers, and competitors as well as governments are also informed via financial communication. 


    In this course, we will cover various communication channels managers can use to inform its stakeholders and the role of the information intermediaries in the financial communication process. 


    With the advance of new communication channels such as the use of social media by corporations in addition to the continued scrutiny on regular communication channels such as earnings announcements and conference calls, investor relations and corporate communications is an important function. In summary, students will develop an understanding of how information is used in markets and how managers can help to assure this information most accurately reflects their view of the firm.


    This elective is available on Masters in Finance, MBA and Executive MBA. In addition, MiM students can also take this elective.

  • Private Equity & Venture Capital

    This elective is available on Masters in Finance, MBA and Executive MBA.


    Gain a practical understanding of the forces shaping the fast-moving private equity industry. Develop a solid understanding of the concepts, techniques, instruments and institutions involved in private equity investment. Address the various segments of private equity, including new venture finance, corporate venture capital and buyouts. Focus on technology sector and turnarounds - segments which comprise the majority of private equity investing.


    Get a taste of the different stages of investment in a venture firm: from initial entry to exit strategy through our five theme structure: venture capital contracts, valuation, deal processing and dynamics, the structure of the private equity market and harvesting.


    Complete this elective with a comprehensive private equity toolkit and the skills to drive organisational growth.

  • Securities Analysis & Financial Modelling

    Planning a career in investment banking, consulting, equity research, credit analysis or fund management? This course is particularly appropriate for you and focuses on the tools and techniques of securities analysis and the development of a framework for making investment decisions. Learn about fundamental analysis ("bottoms up", firm-level, business and financial analysis) and develop financial models for determining the intrinsic value of a firm's stock. Your organisation’s financial statements provide the main source of information for analysis. Develop the analytical framework necessary to understand your business performance and financial structure, and learn how to produce a full financial model of your company.  The framework can also be used by investors and outside analysts to appraise and value companies, as well as covering alternative methods of appraisal and valuation. 


    The course emphasises topics where research provides an important message for professional management of the investment function. If you are working in investment or seeking to open up career opportunities in asset management, this elective is for you. It will also be valuable if you have contact with investors, fund managers, investment consultants or investment organisations.


    This elective is available on Masters in Finance, MBA and Executive MBA.

  • Systematic Investing

    The focus will be on the valuation of securities that embed credit risk. This includes, but is not limited to, corporate bonds, credit default swaps, credit indices, asset backed securities, emerging hard currency bonds, and capital structure. By the end of the course the students should have a sound understanding of (i) the trading conventions of these securities, (ii) determinants of the returns of the these securities, (iii) the role of fundamental analysis and structural models in identifying mispriced credit securities, and (iv) how risk and transaction costs affect your ability to build a portfolio of credit instruments.


    In addition to understanding the drivers of returns, risk and trading costs of credit related securities, the students will via ‘hands-on’ exercises develop investment skills via experiential learning.

Economics

  • Banking & Monetary Policy in the Global Economy

    The course explains how money and credit are created in modern financial systems, focusing on the key role of banks. We will discuss how financial development will affect businesses around the world and provide insights on current approaches to financial regulation.


    This course is aimed at: MBA, Masters in Finance and MiM students.

  • Emerging Markets

    Learn how to evaluate the risks and gains from doing business in the main emerging markets of Eastern Europe, Latin America, South East Asia and Africa using a detailed framework.


    This elective is available on Masters in Finance, MBA and Executive MBA.

  • European Financial Markets

    The European Union has long been the world's leading case of economic integration. Since 1990 it has been progressing towards an integrated financial area, culminating in monetary union (EMU) and the Financial Services Action Plan. Now the Eurozone debt crisis has partly reversed this process, with major consequences for the business environment.


    How does the European Central Bank differ from the Fed? Will the euro compete with the dollar as an international currency? Can European capital markets challenge the US for international portfolio managers and non-European issuers? Will Europe soon have serious venture capital and junk bond sectors? Will the European banking sector experience a deep wave of cross-border restructurings? Will European securities exchanges merge – or disappear? The new regulatory environment is still under construction – will it ultimately lead to unified European markets? How has the financial crisis affected European financial markets and institutions? Will the Eurozone and its banks survive the crisis? The course explores these and other key issues.

  • Global Capital Markets & Currencies

    This course deals with the international financial environment facing firms in a globalised economy. It will provide tools for assessing the impact of economic policy shocks and financial disturbances on financial markets, exchange rates, and capital flows.


    The course is suitable for anyone seeking further understanding of the international macro-economy, whose importance the current crisis has revealed. It will be especially relevant for careers in investment analysis, asset management, hedge funds, capital markets, corporate finance, and the finance/treasury function of corporates.

  • Understanding the International Macro Economy

    Familiarise yourself with the workings of the global economy and the main factors that determine the financial health of corporations and nations, including what makes countries rich and how technology affects the economy.


    This elective is available on Masters in Finance.

Finance



  • Behavioural Finance

    Get a foundation in the two building blocks of behavioural finance:


    Limits to arbitrage – a response to the classic critique of behavioural finance that states irrational traders cannot have a long term impact on financial markets because rational traders will always reverse any dislocations through arbitrage. 


    Psychology – understand the most common kinds of errors made by decision-makers through the psychology side of this elective.


    This elective is available on Masters in Finance.

  • Corporate Valuation

    The objective of this course is to give you the tools, understanding, and practice to value businesses. This involves the application of ideas that you already know (e.g. DCF, cost of capital, etc.) and deepening and extending your knowledge of how to apply these methods in the specific context of valuing businesses, as well as providing you with other financial tools that are useful in that context.

  • Credit Risk

    The objective of the course is to provide an in-depth understanding of credit risk: how it is traded, how it is priced, the instruments that are available for managing credit exposure and the different approaches to assessing default risk. The aim is to provide a balance between a sound conceptual framework and market understanding and insight. Both are essential to the informed practitioner.

    This elective is available on Masters in Finance, MBA and Executive MBA.

  • Derivatives

    Become a skilled, informed user of derivatives. Acquire robust conceptual knowledge of the fundamental issues that determine the valuation and behaviour of these instruments, plus a thorough grounding in both the real-world details of the products and in the models used to analyse them. As mathematical models are central to both the existence and functioning of modern derivatives markets, the course is highly quantitative.

     

    This elective is available on Masters in Finance, MBA and Executive MBA.

  • Distressed Investing

    Financial assets are "distressed" when their value is severely depressed for a reason particular to the issuer and not because of general market conditions. Distressed asset investing is undertaken by a small number of firms and the knowledge on how to implement the strategies successfully, particularly control investing, is very limited. This course allows students to understand this most innovative and influential area of corporate finance and private equity activity globally. It also aims to teach best practices in the field with reference to case studies, practical examples and lessons learnt.

     


  • Equity Investment Management

    Study the most important theoretical concepts in the field of investment management. Examine whether these theories are supported by empirical evidence, and identify the practical implications for investment professionals. 


    The course emphasises topics where research provides an important message for professional management of the investment function. If you are working in investment or seeking to open up career opportunities in asset management, this elective is for you. It will also be valuable if you have contact with investors, fund managers, investment consultants or investment organisations.

     

    This elective is available on Masters in Finance, MBA and Executive MBA.

  • Financial Engineering & Risk Management

    Gain the necessary skills to value and hedge a wide variety of derivative contracts. Take a systematic, unified approach to the pricing of derivatives and adopt cutting-edge methods throughout. Continuous-time mathematics is used as the main tool of analysis. The course is necessarily quantitative and symbolically oriented, although practical applications are emphasised.

     

    This elective is available on Masters in Finance and MBA.

  • Fixed Income Securities

    Undertake a rigorous study of fixed income securities on this quantitative course, which requires some background in calculus and statistics.

    Learn how to manage interest rate risk, how to value securities with cash flows that are sensitive to movements in interest rates and how to determine the optimal exercise policy for a variety of embedded options in fixed income securities. On the course you take the viewpoint of a bond investor or trader, but the course is equally valuable for those working in corporate finance who need to understand similar material.

     

    This elective is available on Masters in Finance, MBA and Executive MBA.

  • Hedge Funds

    Learn about the hedge fund industry, which has grown rapidly over the last decade and is gaining recognition as an alternative to the traditional mutual fund investment. Examine the reasons for this, the modus operandi of hedge funds, their legal, organisational and operational structures, their risk-return characteristics, their model of aligning the interests of investors and managers and the likelihood of their success in the future.

     

    This elective is available on Masters in Finance, MBA and Executive MBA.

  • International Finance

    Gain an integrated view of international financial markets and the management of multinational firms, with a focus on the markets for spot exchange, currency forwards, options, swaps, international bonds and international equities. Study the valuation of instruments traded in these markets. 

     
    Understand the application of these instruments to exchange rate and country risk, financing in international capital markets, and international capital budgeting in the presence of multiple currencies, international tax regulations and sovereign risk. 

     

    This elective is available on Masters in Finance, MBA and Executive MBA.

  • Islamic Finance & Wealth Management

    Classes will leverage theory, research, practitioner experiences (including guest speakers from the GCC region), as well as business cases. This course is primarily aimed at: Dubai MBA program participants, Global MBA Participants.


    On successful completion of this course, students will be able to:


    • Recognise and navigate with confidence a broad range of conventional wealth management and Islamic finance concepts, tools and structures.

    • Structure for practical application a range of Islamic finance solutions.

    • Understand key considerations across asset-classes, and delivery formats (including structured product platforms and fund formats).

    • Consider key concepts in conventional and Islamic insurance markets.

  • Real Estate Finance

    Gain the concepts and tools you need to understand real estate markets and manage real estate assets with a focus on value creation. Most of the course will focus on commercial real estate. Topics covered include valuation and investment analysis, financing, economic, legal, political and taxation issues and recent trends and challenges.

     

    This elective is available on Masters in Finance, MBA and Executive MBA.

  • Topics in Asset Management

    Take a tour of the world of investment management, learning about asset management in practice and prepare for a career in investment. Find out what jobs asset managers and their advisers actually do and what the challenges are as new ideas are adapted to meet the needs of customers and clients. 


    Study the real jobs of analysts, quantitative specialists, strategists, fund managers, distributors, consultants, real-estate and hedge-fund professionals and investment advisors.

     

    This elective is available on Masters in Finance, MBA and Executive MBA.

  • Value Investing

    Develop the ability to value companies and to find and appraise equity investment ideas. The primary teaching method will be the consideration of specific investments, both current and historic. This is an application-based elective with restricted places.

     

    This elective is available on Masters in Finance.

Business Project elective

Commission our Masters in Finance students to work on finance business projects for you.

Learn more

Finance at LBS

See the figures and facts that make London Business School the best choice to study finance.

See the infographic