Corporate Finance g r a d u a t e p r o f e s s i o n a l c e r t i f i c a t e. s a c r e d h e a r t u n i v e r s i t y l u x e m b o u r g

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1 s a c r e d h e a r t u n i v e r s i t y l u x e m b o u r g t h e j o h n f. w e l c h c o l l e g e o f b u s i n e s s g r a d u a t e p r o g r a m s Corporate Finance g r a d u a t e p r o f e s s i o n a l c e r t i f i c a t e mba graduate professional certificates luxembourg and usa

2 The Field of Corporate Finance Has Changed Dramatically W e are witnessing an evolution in the theory and practice of corporate finance as financial markets have become truly global and increasingly sophisticated analytical techniques and financial instruments have been developed. This evolution has increased the complexity of the theory and practice of corporate finance. Technology and innovation have led to enhanced tools to assess and implement capital budgeting and capital structure decisions. Risk measurement and identification has increasingly become integral part of corporate finance function. The ability to effectively manage in a value based management framework requires that finance professionals keep abreast of current developments in financial theory and techniques. Broaden Your Horizons You are practitioner in the financial sector seeking to obtain a fuller theoretical foundation in corporate finance to complement the knowledge you have gained so far in your career. Your career aspirations are focused on advancement towards greater specialist or managerial responsibilities in corporate finance or financial services. You might be a manager with established competencies in specific areas. Or, you may be a specialist in a key functional area. You know that analytical techniques, financial markets and instruments are becoming more complex and volatile. The advancement you seek will require a broader and deeper understanding of corporate finance, global financial markets, and risk. j a c k w e l c h Former Chairman and CEO General Electric Company I see myself in many of Sacred Heart University s students, and I strongly support the University s mission of providing them access to a top-notch education. While I was at GE, I watched Sacred Heart University s tremendous growth. The job that has been done here is just phenomenal.

3 Corporate Finance Certificate Program T the certificate in corporate finance has been developed to provide the knowledge and skills required to apply the tools and techniques of financial management in all types of organizations. Designed and delivered by a team of academics and practitioners both from the US and Luxembourg, the certificate will benefit the following groups: Individuals working in corporations, commercial and investment banks who focus on financial analysis, corporate finance, risk management and valuation. Those with an MBA who need refresher work in financial analysis, financial management, derivatives and risk management. Individuals wishing to switch from general business or marketing into a career with finance focus. The certificate includes four/five courses: Accounting & Information Systems (Prerequisite) Corporate Financial Management (Required)* Corporate Finance (Required) Two electives out of the following: Financial Markets & Institutions Global Investments International Financial Management Derivatives & Risk Management Mergers, Acquisitions & Joint Ventures Starting dates in Luxembourg: March/September Courses offered from 18h30 to 21h30

4 Where personal attention Objectives of the Program T he Corporate Finance Program will complement and strengthen knowledge and insight in financial analysis. financial modeling. valuation. analysis of investment opportunities. determination of capital costs and appropriate capital structure. the identification, measurement and management of risk. evaluation of acquisition/lbo opportunities. Give Yourself an Edge The certificate in corporate finance will provide you with an understanding of the theory of corporate finance. utilize case studies to demonstrate how to apply financial theory and techniques in practice. enable you to analyze financial decisions from the perspective of value based management. include instruction in current techniques in financial modeling and valuation. introduce current techniques in risk management.

5 leads to personal achievement. Professors O ur faculty includes accomplished scholars and practitioners. Some have earned top academic honors and awards for their research while others have held top positions in corporations and banks. Dr. Lucjan Orlowski Professor of Economics and International Finance; Extensive record of international publications & advisory services to monetary authorities; Senior Fellow at University of Michigan W. Davidson Institute & at CASE-Warsaw, ZEI-Bonn and DIW-Berlin Results of contemporary research on financial market trends, new investment vehicles as well as on the evolving culture and managerial ability at financial institutions are indispensable for finding efficient means of mitigating various types of risks faced by financial and tangible capital investors. Dr. Alfred Steinherr Professor of Economics and Finance; Honorary Chief Economist, European Investment Bank, Luxembourg Investing is an art and a science. The relationship between return and risk forms the basis of Modern Portfolio Theory. Whether a traditional long-only strategy, or a leveraged strategy using derivative instruments, investments are essentially constructions of specific instruments and techniques with an expected return, and with a specific risk profile. Dr. Bridget Lyons Chair, Department of Finance & Economics; Over 20 years of experience consulting and training in corporate finance, financial modeling, valuation and performance metrics The practice of raising and investing capital has been fundamentally altered by technological innovation, the global integration of capital markets and the growth of complex financial instruments. These factors provide challenges but also tremendous opportunities to those engaged in value based management. Dr. Thomas Schröder Deputy Head of Division and Managerial Adviser, Capital Markets Department, European Investment Bank; Adjunct Professor of Finance, Sacred Heart University Thorough understanding of financial instruments, funding opportunities or limitations and risk mitigation strategies are crucial for navigating a corporation on a successful course. The Program provides students with a broad financial knowledge and a tool box to identify creative solutions.

6 Course Content Accounting & Information Systems (Prerequisite) Provides an introduction to both accounting and information systems with a focus on the preparation and interpretation of financial statements and the effective planning, implementation and integration of information technology. Corporate Financial Management (Required) Provides an introduction to three key areas in finance - financial markets, financial management and valuation- focusing on how capital is effectively raised and invested in a value based management framework. Topics covered include: analysis of firm performance using financial ratios and other measures; techniques to assess new opportunities including new product lines, projects or corporate investments; an introduction to global capital markets; the relationship between risk and return; determinants of a firm s cost of raising capital and the basic factors impacting the value of financial securities. Corporate Finance (Required) This course expands on the principles and techniques of corporate financial management introduced in FN660. Topics include: the time value of money, measures of risk, financial analysis and forecasting, working capital management, selection of long term assets under certainty and risk, capital structure, cost of capital, and leasing. The course includes numerous case applications of the theories developed. We emphasize the use of Excel to build financial models to analyze financial problems. Choose two out of the following selections: Financial Markets and Institutions (Elective) The course analyzes modern financial markets from the risk/management and risk measurement perspective. It overviews key theories and recent developments in international securities markets. The material emphasizes managing risk on the balance sheet at various financial institutions. Implications of monetary policy decisions by international monetary authorities are examined as well. Global Investments (Elective) Examines the risk and return characteristics of the wide variety of domestic and international equity and debt investment products available. Topics include: investors constraints and objective setting, fundamental and technical analysis, efficient market theory and investment research procedures. International Financial Management (Elective) International Finance explores the principles of financial management from an international perspective. This course is designed to provide a broad introduction to the operations of international financial markets and instruments. One of the goals of this course is to help students develop an understanding of the workings of international financial markets, the risks of doing business in the international arena, and most importantly, the management of exchange risk exposure. Derivatives & Risk Management (Elective) This course attempts to answer the following questions: What are derivative securities and how can they be used in corporate strategy and risk management? The course will involve some theory about the mathematical foundation needed to analyze, design, price, and use derivative instruments in a managerial context. Basic derivative contracts such as forward, futures, option, and swap will be covered, as well as the pricing of these claims, arbitrage and hedging in these markets. Finally, students will apply the concepts developed in this course to real-life situations through case studies. Mergers, Acquisitions and Joint Ventures (Elective) Examines the role of each of these strategies as part of the whole restructuring process faced by corporations in their attempt to compete and grow in the United States and abroad. Emphasis is on each method s strategic and financial advantages. Group analysis of cases and computer applications are utilized.

7 Sacred Heart University Luxembourg At a Glance It takes more than just keeping up to succeed in business. You need the vision to motivate a team, the ability to embrace new technologies, and the creativity to crack seemingly unsolvable problems. Instilling these qualities is the mission of Sacred Heart University s John F. Welch College of Business. Sacred Heart University has been providing the MBA program and graduate Certificates in Luxembourg since More than 400 graduates have benefitted from the depth and breadth in our program and an international faculty of scholars and business practitioners. The program is flexible and provides services to help students reach their academic goals. Luxembourg Programs Master of Business Administration (MBA) Concentrations: - Finance - Management Graduate Professional Certificates - Corporate Finance - Global Investments - Leadership -Modern Business Mgmt Courses from the Certificates can be transferred toward the Welch MBA program. Learn more about the superior graduate programs at the John F. Welch College of Business by visit-

8 The John F. Welch College of Business at Sacred Heart University is accreditated by the AACSB International the Association to Advance Collegiate Schools of Business. It joins an elite membership of fewer than 5 percent of business schools worldwide. Program - Individual program schedule - Flexible program start Admission Requirements - Bachelor s degree mandatory - Current curriculum vitae - One letter of recommendation - Personal written essay Tuition Fees - Please visit us at Course Hours - From 18h30 to 21h30 Sacred Heart University earned the Grand Ducal Decree. Sacred Heart University diplomas are recognized in Luxembourg and can be registered with the Luxembourg Ministry of Higher Education. Sacred Heart University Luxembourg John F. Welch College of Business 7, rue Alcide de Gasperi Chambre de Commerce L-2981 Luxembourg Tel : Fax : arech@shu.lu