ROTTERDAM SCHOOL OF MANAGEMENT ERASMUS UNIVERSITY FULL-TIME MASTERS IN FINANCIAL MANAGEMENT PROGRAMME

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1 ROTTERDAM SCHOOL OF MANAGEMENT ERASMUS UNIVERSITY FULL-TIME MASTERS IN FINANCIAL MANAGEMENT PROGRAMME

2 Welcome to MFM! GRADUATES FROM THE MASTERS IN FINANCIAL MANAGEMENT (MFM) PROGRAMME AT ROTTERDAM SCHOOL OF MANAGEMENT, ERASMUS UNIVERSITY (RSM) ARE ACADEMICALLY TRAINED AND WELL EQUIPPED TO ANALYSE AND SOLVE COMPLEX FINANCIAL ISSUES. RSM s approach prepares ambitious young professionals for a successful career in finance. The programme focuses on preparing participants for financial decisionmaking from a managerial perspective. This is achieved by providing training in the effective identification, analysis and resolution of a wide range of finance-related issues faced by corporate firms, banks, and other financial institutions. Knowledge is provided through highly interactive courses, workshops and guest lectures by top financial specialists. THE MFM PROGRAMME a 12-month full-time, post-experience master at one of Europe s renowned business schools highly interactive courses to bridge the gap between theory and practice study of finance from a multi-dimensional perspective a classroom of ambitious young professionals from all over the world an European experience in a language tolerant country The one year full-time MFM is a challenging programme. It is a fully-fledged MSc in Financial Management programme which distinguishes itself by using a PRET approach as well as a multidimensional view on financial decision-making. The PRET approach is the combination and integration of problem orientation, decision tools, theory and empirics. This means that you will get a sound foundation in finance, but combined with a hands-on managerial way of working. The setting of the full-time MFM programme in the very diverse and dynamic environment of the RSM makes it a very rewarding experience. We will be happy to welcome you to Rotterdam! Prof. Dr. Jaap Spronk Academic Director MFM Programme, RSM

3 MFM ACADEMIC PARTNERS MULTIDISCIPLINARY environment THE MASTERS IN FINANCIAL MANAGEMENT PROGRAMME AT RSM OFFERS A DOUBLE ADVANTAGE: IN-DEPTH FINANCIAL EXPERTISE FROM OUR FINANCE FACULTY, BACKED BY THE EXCELLENT REPUTATION AND STRONG BUSINESS ORIENTATION OF RSM. ERASMUS UNIVERSITY, ROTTERDAM The university is known for its research in financial economics and financial management, both theoretical and decision-oriented, and has produced two Nobel Prize winners in Economics. Research in Finance and Economics has been published in the most prestigious journals and is regarded as highly relevant in practice. This is reflected in strong corporate interest for advice, development of financial instruments and training. ROTTERDAM SCHOOL OF MANAGEMENT ERASMUS UNIVERSITY (RSM) Rotterdam School of Management, Erasmus University has a world-wide reputation as a top business school, and is well-known among business leaders, international recruiters and academics. This is reflected in its high ranking internationally. The school attracts highly qualified students from all over the world. MFM students will receive their diploma from RSM, and will join the extensive RSM Alumni Network. The Masters in Financial Management provides an excellent academic education in the Finance discipline and prepares MFM students for international careers in areas such as investment banking, institutional investments or corporate finance. The focus of the MFM programme is on financial decision making from a managerial perspective. To enable students to work out financial decision making effectively, the programme consists of sessions focusing on financial concepts and theories which are alternated with sessions focusing on the practical application of these acquired insights using state-of-the-art decision making tools. Through the programme students will acquire the relevant competencies [knowledge and skills] to solve complex financial real-world problems and grow into financial professionals. Marc Schauten MFM Lecturer Corporate Finance

4 MASTERS IN FINANCIAL MANAGEMENT CURRICULUM MODULE 1 MODULE 3 MODULE 4 Principles of Finance Principles of Financial Decision-making Principles of Computational Finance Principles of Decision-making Basics Word / Excel / Powerpoint Presentation skills Principles of Financial Arithmetic Elementary Statistics and Mathematics MODULE 2 Investment & Financial Markets I Financial Econometrics I Investments & Financial Markets II Financial Econometrics II Structuring the Investment Problem Optimisation for Portfolio Management Data Collection & Data Analysis Basic Understanding of Econometrics Basic Elements of the Statistics & Mathematics Underlying Derivative Valuation Event Studies and their Methodology Derivatives I Derivatives II Financial Accounting Corporate Finance I Analysis of Financial Reports Analysis of Preferences of Individuals, Groups & Entities such as Firms Analysis of Future Cash Flows using all available Information Optimisation Models for well-structured Problems Sources of Information & Technical Tools for the Financial Manager Electives offer an opportunity to acquire more in-depth knowledge of specialised topics such as Private Equity, Real Options, Risk Management, Game Theory, Valuation and Mergers and Acquisitions. THE OXYOR EXPERIENCE In the MFM programme we closely cooperate with Oxyor, a global financial training company. This module enables participants to take part in a hands-on elective with Oxyor, to gain true professional experience which will bridge the gap between theory and practice.

5 MODULE 5 Thesis / Internship Period Internship Project Research Project In-company Research Project

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7 ROTTERDAM: THE HEART OF A TRADING NATION MODERN AND INFLUENTIAL an exciting place ROTTERDAM IS A MODERN CITY AND HOME TO EUROPE S LARGEST COMMERCIAL PORT, MAKING IT A POWERFUL INFLUENCE AS A MAJOR EUROPEAN SUPPLY CHAIN CENTRE. It has been a hub of European trade and commerce for over 400 years so it s no surprise that the Netherlands founded the world s first true multinational company, the Dutch East-India Trading Company or VOC in this city. Rotterdam's history and its position as the gateway to Europe makes it an ideal location for the study of international business. Today, the Netherlands is amongst the world s top ten exporters and amongst the top four in the European Union. Within easy reach of the continent s largest and most profitable markets, the Netherlands is a nation of international entrepreneurs and business people. foodstuffs. The Netherlands is also a significant exporter of commercial services; these were worth US$102 billion in 2008, which placed the country tenth in the world rankings. Rotterdam is also an exciting place to live. 174 nationalities live and work side by side in this modern metropolis, bringing with them all the benefits of a truly multicultural society, from restaurants and ethnic food stores to festivals and events. Rotterdam is famous for its music, architecture, cinema, dance and theatre. Each year, the city hosts the International Film Festival, the Fast Forward Dance Parade, North Sea Jazz festival and the exuberant Caribbean Summer Carnival. Major multinationals including Philips, Shell and Unilever, and financial institutions like ABN AMRO Bank, ING Group and Rabobank, are all based in the Netherlands. The Netherlands is the world s fifth-largest exporter of goods, worth more than 634 billion US dollars in % of the world total. Export commodities include machinery and transport equipment, chemicals, fuels and Exploring Europe is easy. Capital cities such as Paris, Brussels and London are all a short train ride from Rotterdam. Amsterdam, known for its vibrant nightlife, is an hour away from RSM s campus. Living and learning in the European Union is your opportunity to experience a degree of diversity unparalleled in any other part of the world diversity of language, culture, and above all, management structures and ways of doing business.

8 AFTER GRADUATION ALUMNI MEMBERSHIP COMES WITH global benefits AFTER GRADUATION, YOU JOIN RSM S ALUMNI COMMUNITY AND YOUR CONTACTS WILL SPAN CONTINENTS, GENERATIONS AND INDUSTRIES. Your MFM at RSM connects you to a global network of 20,000 of some of the world s most successful executives at all levels of the corporate ladder in more than 100 countries. Your network can generate social and business opportunities with international and talented peers throughout your career. It offers a gateway to continuous learning, a platform for discussion, mutual support and the exchange of ideas. Alumni also create job and internship opportunities for RSM students. Being part of RSM s alumni network is also a great way to meet old friends and to make new ones with alumni dinners, discussion panels, and study trips. Local Chapters allow alumni to meet up wherever life or business takes them, and reunions and meetings take place from Delft to Dubai. The two alumni publications, RSM Outlook and Insight, the alumni newsletter and the alumni webpages keep you abreast of the activities of former classmates, fellow alumni, RSM and the world of business. CAREERS Training sessions, good contacts with recruiters, jobpostings, visits to businesses and other organisations and RSM s Career Services all contribute to the successful launch of graduates into the financial job market. Every year, MFM graduates find their way into prestigious financial institutions and corporate firms all over the world. The MFM programme puts students in direct contact with professionals and enables them to build their own inter - national network through its programme of presenting lecturers from industry, its contact with international businesses and the study tour to London. Contact with actual business throughout the programme gives RSM MFM students real experience which makes them stand out among other applicants for positions at the most prestigious firms.

9 The programme not only provided academic guidance from some of the best teachers, regular industry interaction also ensured that academic rigour was tempered with practical perspective. Thus we learned not only the fundamentals of investment management, corporate finance and derivatives, but also how to adapt and apply them to in practical situations. As years go by, I am sure I will always look back at this programme as one of the best investment decisions of my life. Neha Bhatia MFM 06, Indian Assistant Vice President Barclays Capital London, UK 31 WORLDWIDE ALUMNI CHAPTERS 20,000 WORLDWIDE ALUMNI RSM ALUMNI ARE ACTIVE IN MORE THAN 100 COUNTRIES EXCHANGE OPPORTUNITIES TO A NETWORK OF 100+ BUSINESS SCHOOLS AND UNIVERSITIES

10 ADMISSIONS AND FEES INVESTING IN YOUR career THE MFM PROGRAMME IS INTENDED FOR THOSE WITH A STRONG INTEREST IN DEVELOPING A CAREER IN FINANCE. The admissions procedure stresses analytical capacity, communication skills and leadership potential, as well as motivation, maturity and creativity. No formal education in finance is required; however a high level of quantitative skills is necessary for entry to the programme. Most MFM students are between 24 and 32 years old, with at least two years of working experience. ELIGIBILITY & REQUIREMENTS To be considered for the Masters in Financial Management programme, candidates need to submit: A completed application form, downloadable at A GMAT score report (institution code: 0798 Rotterdam School of Management), which is considered in combination with the candidate s application: there is no cut-off score. An official transcript and certified copy of their diploma from the university where they received their under graduate or graduate degree(s). Two letters of recommendation. A TOEFL or IELTS score report (institution code: 0798 Rotterdam School of Management) for non-native English speaking candidates. For Chinese students, a Nuffic certificate is required. TUITION FEES & FINANCING The programme fee for the one-year full-time MFM programme offered by the RSM is 26,500. This covers both the tuition costs and lodging and travel expenses for the one-week international study tour. An initial, non-refundable deposit of 3,000 is required upon acceptance into the programme. MFM participants are eligible for various scholarships. For more information visit LIVING COSTS The monthly living costs for a student living in Rotterdam on a full-time basis have been estimated at 1,150. This includes books, housing, living costs and health insurance*. No prior professional or academic experience in finance is required, but a strong interest in finance should be demonstrated. * Please note that RSM requires valid health insurance for the entire duration of the programme. Proof of insurance will be required upon arrival. Local insurance options are available.

11 The programme contributed significantly to develop my technical skills related to a wide variety of topics such as valuation, asset management and econometrics. In addition, with an excellent mix of professors (practioners and academics), I was able to identify best practices that will certainly improve my daily job and enrich my professional career. For persons with a professional background, either in private or public financial sectors, the programme will certainly be challenging. Although, I must say the lessons were extremely practically oriented making their comprehension easier. Additionally, it broadens students perspectives through visits to companies in The Netherlands and abroad, aiming to improve business networks and increase awareness of different areas within the financial sector. The RSM s international environment, academic demand, good professors, talented classmates and friends are definitely the things I will remember my whole life! Javier Madujano Talavera MFM 10, Mexican Senior Consultant, Deloitte Consultancy MFM gave me a possibility to build my career on a new, higher level. Strong academic background and participants from all over the world are the pillars of the programme. It is challenging, rewarding and fun! Olga Citlak-Shkred MFM 09, Russian Internal Auditor, Shell International

12 Rotterdam School of Management Erasmus University Rankings Follow us on Accredited by J Building - MFM Admissions Office Burgemeester Oudlaan PA Rotterdam The Netherlands Tel.: Financial Times BusinessWeek Economist Beyond Grey Pinstripes Fax: mfmadmissions@rsm.nl Design & print: B&T Ontwerp en advies ( The business school that thinks and lives in the future 2011 Rotterdam School of Management, Erasmus University. The information in this publication is correct as of February 2011, but RSM reserves the right to make changes affecting policies, fees, curricula, or any other matter announced in this publication without further notice. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise without written permission from RSM.