The Business Core modules cover vital economic and business administration expertise alongside up-to-date management and leadership tools and techniques. The modulesin 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 portfolio management, asset allocation and the valuation and management of fixed income instruments. Understand the term structure of interest rates, the bootstrapping technique, the management of interest rate risk (duration), credit risk (ratings) 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 various parities, the management of foreign exchange risk, carry trade strategies, the value of international diversification and the evaluation of international investment projects.
Understand various factors to be taken into account when optimizing the corporate financial policy (e.g. capital structure, dividend policy), including taxes, risk of insolvency, transaction costs and aspects of agency problems. Explore special issues in corporate finance, like corporate governance (including optimal compensation schemes) and new developments like Dodd-Frank Act or Sarbanes-Oxley Act and treasury (comprehending cash management and cash pooling, quality standards and guidelines in treasury management, planning, forecasting and monitoring of liquidity and practical hints regarding implementation and execution of cash and working capital management projects).
Gain an overview of business valuation and value creation by corporate restructuring. Learn to implement various techniques of business valuation (e.g. multiples, DCF methods) with a focus on both calculating and interpreting the results. Assess the advantages and disadvantages of different methods in different situations. Study the valuation and management of flexibility in the company (using the real options approach). Explore methods for increasing shareholder value by corporate restructuring (including mergers & acquisitions, leveraged buy-outs, spinoffs or equity carve-outs). Learn about the acquisition process and take-over battles. Compete against your fellow students in a computer-based M&A simulation.
Enrich the traditional view of finance outlined in previous modules with a behavioral finance perspective. Get to know different psychological effects and biases that influence human decision-making. Study potential behavioral finance-related explanations of existing capital market phenomena (like financial market bubbles, dollar-cost-averaging, and the disposition effect). You will also learn how to minimize the impact of psychological biases on your own decision-making. Apply this knowledge to corporate financial decisions (“Behavioral Corporate Finance”). Investigate both situations with rational managers reacting to irrational investors and situations with irrational managers and rational investors. See how irrational investors or irrational managers destroy shareholder value in practice.
Explore additional, up-to-date topics in finance. To ensure the absolute topicality of content, topics will be changed regularly and announced at short notice. Examples of topics include pension finance, financial crisis management, financial stability and regulations, microfinance, infrastructure finance, energy finance, or Islamic finance. Due to the topicality of the contents and the embedding of this module into the international residency in the USA we preferably take recourse to Harvard faculty for this module.
Apply and implement the techniques learned in previous modules. Practice using Excel to solve financial problems (Excel functions, Visual Basic etc.).
At the end of the MBA program, students have to write a master thesis in order to receive the academic degree of Master of Business Administration (MBA). The intention of the master 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!