Personalise your learning experience and achieve your career ambitions with our inspiring range of more than 40 electives - more than any other Masters in Finance programme.
These practical and rigorous electives bring together students from across the School. Study alongside students from the MBA, LBS Sloan Masters, Executive MBA and other programmes – widening your network and perspectives.
Electives run in a range of formats and at different times during the academic year. Choose between weekend, weekday, evening and block-week formats. You can select up to 10 electives from the comprehensive portfolio outlined below. A minimum of eight are required to complete the programme.
Although we aim to maximise your choices, your selection will be influenced by your own timetable and work commitments, and inevitably this may lead to restrictions. The electives available may vary slightly from year to year.
Cover the fundamentals of financial analysis, evaluate the quality of financial information and use the information to reveal the economics of firms.
Lecturer: Eli Amir
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.
Lecturer: Irem Tuna
Understand the financial reporting and analysis of transactions and restructurings, including mergers and acquisitions, joint ventures, dual listed companies, stock repurchases, spin-offs, carve-outs, leveraged buyouts and recaps.
Lecturer: Eli Amir
Understand the fixed income market, the terminology used to describe fixed income securities, and the actively managed credit products (retail and institutional) on the market. Learn about credit risk premium and the timing exposure to it, corporate bonds, credit default swaps and trade-offs.
Lecturer: Scott Richardson
Learn how money and credit are created in modern financial systems, focusing on the key role of banks. Explore how financial development will affect businesses around the world and provide insights on current approaches to financial regulation.
An introduction to the modern tools needed for data science and to programming language. This elective also covers the advanced techniques behind applied machine learning and how such learning relates to artificial intelligence. Discover how to spot the difference between a supervised (classification) and unsupervised (clustering) technique, which approach to take when dealing with particular datasets and how big data models can be applied in business.
Examine an extensive array of European financial issues, including monetary policy, financial integration and associated regulatory frameworks, corporate restructuring and corporate governance, the euro and the international financial system.
Lecturer: Richard Portes
This advanced macroeconomics course focuses on currencies and exchange rates and the links with interest rates, prices and financial globalisation.
Lecturer: Hélène Rey
Relate corporate finance theory to practice, and cover advanced topics in valuation and financing.
Lecturer: Rui Silva and Alexander Guembel
Examine banks, insurance companies and investment funds. Topics include the role of intermediation, the part played by banks in the real economy, regulation and management of banks, valuation of financial institutions, the functions and conduct of insurance companies, behaviour and management of mutual funds and hedge funds.
Survey recent developments in behavioural finance – a field that seeks to explain seemingly irrational financial phenomena in terms of individual behaviour, psychology and cognitive errors.
Lecturer: Samuli Knupfer
Identify ways of valuing businesses based on discounted cash flow (DCF) and cost of capital. Understand how to make profit-based valuations that are consistent with DCF, or how to adjust a valuation to reflect changes in capital structure. All good business valuations involve a mixture of both technical discipline and judgement. Develop the technical proficiency to make sound assessments.
Lecturer: Ian Cooper
An in-depth examination of issues in credit risk, its modelling and applications, as well as new developments.
Lecturer: Stephen Schaefer
Gain a rigorous conceptual framework for valuing and understanding the behaviour of derivative instruments and their use in risk management and speculation.
Lecturer: Peter Feldhutter
Understand this innovative and influential area of corporate finance and private equity activity globally. Assess best practices in the field with reference to case studies, practical examples and lessons learnt. The course draws from the experience of principals at Oaktree Capital Management, one of the world’s premier distressed debt and restructuring firms.
Understand applications of modern portfolio theory to equity investment, strategic asset allocation, portfolio optimisation, traditional active management versus hedge funds, stock market anomalies and the implications of behavioural finance.
Lecturer: Narayan Naik and Samuli Knupfer
Use continuous-time mathematics and cutting-edge methods to value, hedge, design and structure a wide variety of derivative contracts. Cover stochastic calculus, martingale methods, partial differential equations and numerical methods.
Lecturer: Suleyman Basak
Focus on how financial technology is breaking the financial services value chain through more efficient provisioning of payments, deposits and lending, capital raising, wealth management, insurance and market data analytics. Explore the effects of smart wearables, digital identity and other new technologies on business models, as well as how big data and artificial intelligence impacts traditional approaches to business and governance.
A rigorous, quantitative course on the valuation of fixed income securities, the tools used in bond portfolio management and the management of interest rate risk.
Lecturer: Suleyman Basak
Review cutting-edge research on the fast growing hedge fund industry. Gain a unified framework encompassing the different hedge fund strategies and the role of hedge funds.
Lecturer: Narayan Naik
Examine the workings of the international fixed income, international equity, foreign exchange and forex derivatives markets, and learn how these markets can be used to solve corporate problems such as managing exposure to exchange rates and country risk.
Lecturer: Christian Heyerdahl-Larsen
Examine corporate re-organisations, including mergers and acquisitions, re-organisation through workouts and bankruptcy, divisional spin-offs and divestitures, and leveraged buyouts.
Lecturer: Julian Franks and Stefan Lewellen
Acquire a framework for understanding the many ways in which project finance can mitigate specific risks and provide incentives, while also assessing the limitations of such structures.
Lecturer: Karl Lins
Acquire the concepts and tools necessary for understanding real estate markets and for managing real estate assets, with a focus on value creation.
Lecturer: João Cocco
Explore the roles of analysts, quantitative specialists, strategists, fund managers, consultants, real estate and hedge fund professionals, and investment advisors. There are numerous case studies (many of them live) such as pension investing analysis, and dinners with visiting speakers from companies such as Aberdeen Asset Management.
Lecturer: Robert Jenkins
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.
Lecturer: Eddie Ramsden
Recognise and navigate with confidence a broad range of conventional wealth management and Islamic finance concepts, tools and structures. Analyse wealth management through the lens of investment management, and explore key aspects of Islamic finance that relate to equities and fixed income, banking models and sectors including real estate, private equity and project and structured finance.
Lecturer: Narayan Naik
Bridge the gap between what we learn from statistics, decision models and other related elective courses and the data mining tools used to gather this information. Learn how to interpret and evaluate data mining models and results, and how to use relevant software to implement different algorithms. Recognise the challenges involved in a data mining project.
An introduction to the basics of power system economics, a review of the structural and strategic changes facing the industry, investment issues and technology choice.
Lecturer: Derek Bunn
Understand the concepts, methods, techniques and tools that support modern project management. Get hands-on experience with state-of-the-art software tools for project and project portfolio management.
Lecturer: Bert De Reyck
Explore the analysis and forecasting of time series data, especially high frequency financial data. The course covers non-stationarity, mean reversion, auto-correlation, co-integration, causality and contagion.
Lecturer: Derek Bunn
Gain a broad understanding of the central concepts in negotiation and develop strategies for analysing and preparing for negotiations. Practise negotiation skills, receive feedback on individual negotiation problems and improve your ability to analyse the behaviour and motives of individuals, groups and organisations in competitive situations.
Understand the differences between industrial and digital organisations and gain the frameworks and practical advice for managing and working in the latter. Discover how digital products are built, deployed, marketed, sold and scaled.
Develop the skills and mind-set to build successful entrepreneurial ventures. Gain the tools to navigate key entrepreneurial challenges while analysing the reasons for launching a business and choosing who joins the core founding team. Explore pathways to start-up success for companies facing high levels of uncertainty and limited financial resources.
Lecturer: Gary Dushnitsky
Learn how to evaluate businesses and transactions from a strategic viewpoint. The course covers business strategy issues such as competitive forces in the industry, strategic positioning and the resources and capabilities needed to compete.
Lecturer: Ioannis Ioannou
Deepen your practical knowledge and strengthen your networks in either the area you are currently working in, or a sector or company of interest. Projects are specifically selected to test and enhance the knowledge you have gained during the programme.
Develop a deep understanding of the asset management and banking industries in New York and Boston on this immersive one-week trip. Discover more about the global experiences available on the programme.
Build your knowledge of the financial sector from an international perspective by spending a term on exchange at a business school in Asia, Europe or North America. Discover more about the global experiences available on the programme.
See what happened when our students, alumni, esteemed faculty and thought leaders came together to delve into the latest insights and trends in the rapidly growing Fintech industry.Watch on YouTube