The Business Core modules cover vital economic and business administration expertise alongside up-to-date management and leadership tools and techniques. The modules in the Finance specialization provide participants with theoretical expertise, analytical know-how and practical tools to succeed in the dynamic, globalized field of finance. The curriculum has been specifically designed around the implementation of applicable content and is taught by an international faculty of top experts from the finance sector.
Below, please find an overview of all modules taught during the MBA. Click on the module names for detailed content information.
Study the valuation and management of fixed income instruments, portfolio management, and asset allocation. Understand the term structure of interest rates, the bootstrapping technique, the management of interest rate risk, credit risk, and the risk-return trade-off (e.g. Sharpe Ratio and Treynor Ratio).
Acquire in-depth knowledge of financial risk management and international finance. Gain exposure to payoff profiles and portfolio strategies with derivatives. Explore the valuation of options, futures, forwards, and swaps based on various underlyings. Take a look at the institutional facts of international financial markets. Study the management of foreign exchange risk, carry trade strategies, the value of international diversification, and the evaluation of international investment projects.
Examine various factors to be taken into account when optimizing the corporate financial policy (e.g. capital structure, dividend policy). These include e.g. taxes, risk of insolvency, transaction costs, and agency problems. Another focus is put on corporate governance (including optimal compensation schemes) and CSR. Another topic is treasury (comprehending cash management and fundamentals of cash pooling, quality standards and guidelines
in treasury management, planning, forecasting and monitoring of liquidity, and practical hints regarding the implementation and execution of cash and working capital management projects).
Gain an overview of business valuation and corporate restructuring. Learn to implement various techniques of business valuation (e.g. multiples, DCF methods). Study the valuation and management of flexibility in the company (using real options). Explore methods for increasing shareholder value by corporate restructuring (including M&As, leveraged buy-outs, spinoffs or equity carve-outs). Learn about the acquisition process and take-over battles.
Compete against your fellow students in a computerbased M&A simulation.
This module complements the traditional view of finance outlined before with a behavioral finance perspective. First, we focus on psychological effects and biases that influence human decision-making and behavioral finance-related explanations of existing capital market phenomena. This part also shows you how to minimize the impact of psychological errors on your own decision-making. We will discuss how modern technology may help to overcome some of these biases but amplify others. The second part applies this knowledge to corporate financial decisions, investigating value destruction by investors or irrational managers.
This module is devoted to additional, current topics in finance. To ensure that the contents are up-to-date, topics will be changed regularly. Recently, covered topics have included energy finance, machine learning in finance, and Fintech.
Implementation of the techniques learned in previous modules. Use Excel to solve financial problems.
At the end of the MBA program, students have to write a master's thesis in order to receive the academic degree of Master of Business Administration (MBA). The intention of the master's thesis is to guarantee that the graduate of the MBA program is able to write scientific papers on his or her own.
Gennady Gorshkov, MBA
I’d love to recommend WU Vienna Finance MBA program in particular, as it is the right product of two factors: 1) core managerial studies which will reshape, renew and expand your fundamental values of business administration and 2) the super finance specialization, which offers ultra-modern finance theory and best practices, coupled with a truly value-added international residency, aiming to get the flavor of international financial education and leading financial industry experience, as well as wonderful life experience and networking. The positive NPV of your Professional MBA Finance diploma is a matter-of-course!