M.Sc. Finance or M.Sc. BA Financial Management. Faculty of Economics and Business Administration

Transcription

1 M.Sc. Finance or M.Sc. BA Financial Management Faculty of Economics and Business Administration

2 TODAY S PROGRAMME > Introduction: why Finance? > Programme: why Finance at the VU? > Career perspectives > Questions 2 Vrije Universiteit Amsterdam

3 WHY STUDY FINANCE > Corporate Finance > Finding and timing your financing > M&A (AAB), buy-out activity > Private equity, venture capital > Governance and compensation > Banks, markets, and institutional investing > Rethinking banking and risk taking > New regulation and system stability > Pensions and insurance, hedge funds > Exchanges on the move, algorithmic trading 3 Vrije Universiteit Amsterdam

4 MISSION STATEMENT > Training you to become an academic professional in finance, employable in both the corporate sector, financial industry, and government sector > Language: English 4 Vrije Universiteit Amsterdam

5 SET-UP OF THE PROGRAMME > Quality: breadth and depth > MSC FINANCE (60 EC) > 4 core courses, 2 electives, 2 research projects > MSC BA FINANCIAL MANAGEMENT (60 EC) > 3 core courses, 3 electives, 2 research projects > Duisenberg Honours Programmes (84 EC) > 8 core courses, 2 electives, 2 research projects > Hands-on > Intensive: lectures, cases, assignments, presentations > Career services 5 Vrije Universiteit Amsterdam

6 FULL TIME FACULTY : FRONTIER RESEARCH dr. Borovkova, derivatives pricing dr. Lu, banking dr. Millone, alternative banking prof.dr. Lucas, asset pricing, investments, risk Dr. Wipplinger, behavioural finance dr. Seeger, derivatives prof.dr.ir. Rijken, corporate finance, credit risk dr. Lucivjanska, financial econometrics dr. Dyakov, investments, risk dr. Tumer-Alkan, banking prof.dr. Vorst, derivatives, investments 6 Vrije Universiteit Amsterdam

7 PART-TIME FACULTY: PROFESSIONAL EXPERTISE prof. dr. I.P.P. van Lelyveld dr. Boes, AAB, AAB pension fund dr. Hamelink, LODH dr. A. van Haastrecht, Delta Lloyd prof.dr. van der Nat, Risk Matrix, RaadvState dr. Peeters, ING prof.dr. Stork, Banking sector prof.dr. Steenkamp, APG, Robeco prof.dr. Vorst, risk modeling, AAB, RBS 7 Vrije Universiteit Amsterdam

8 MSc Finance program overview Period 1 Sep/Oct Period 2 (Nov/Dec) Period 3 (Jan) Period 4 (Feb/Mar) Period 5 (Apr/May) Core Courses Asset Pricing Dr. Zwinkels Empirical Finance Prof. Lucas Dr. Opschoor Research project Financial Markets and Institutions Prof. van Lelijveld MSc thesis 1 apr 1 jul Adv. Corporate Finance Prof. Rijken Finance electives Derivatives Dr. Seeger Pre-requisite Institutional Investments and ALM Dr. Boes Quantitative Financial Risk Management Dr. Borovkova Dr. v. Haastrecht Valuation and Corporate Governance Dr. Millone Behavioral Corporate Finance Dr. van den Assem Real Estate Management Dr. Hamelink Prof. Rouwendal Bank Management Prof. Boonstra Core courses: 24 Research project: 6 Thesis: 18 Finance elective: 6 Free elective: 6 Total: 60 ects Key persons Program director: Prof. A. Lucas Secretary: Ms. D. Tielman Further information MSc Finance at the VU & Study guide

9 Master specialization FM PROGRAMME CALENDAR FINANCIAL MGT Period Courses EC 1 (Sept-Oct) Advanced Corporate Financial Management 6 Advanced Finance, Banking and Insurance 6 2 (Nov-Dec) Advanced Management/Financial Accounting 6 Elective I 6 3 (Jan) Research Seminar 3 Ethics 3 4 (Febr-March)Research Seminar cont d 3 Thesis (start) 3 Elective II 6 5 (April-May) Elective III 6 Master Thesis 6 6 (June) Master Thesis (15 total) 6

10 EXAMPLE ELECTIVE Overview CHOICES Elective FIN Courses MGT Finance &Accounting Elective I Valuation Advanced Financial Reporting (BA) Banking & Insurance Valuation Institutional Investments Elective II Management Control Behavioral Corporate Finance Bank Management Elective III Corporate Governance Control and Audit Real Estate Management Financial System Design

11 WHY STUDY FINANCE/FINANCIAL MGT AT VU UNIVERSITY AMSTERDAM > Broad (core) AND Flexible (electives, project, thesis) > International academic AND Industry relevant > Skills (excel and VBA, team project, thesis) AND Knowledge > Career services, placement record > Proximity to Zuid-As (financial district) > Two active student associations 11 Vrije Universiteit Amsterdam

12 PLACEMENT MSC FINANCE > Job 1 year after graduation: 87% > Average number of months till first paid job: 5.3 > First year graduate gross monthly income: (Source: WO Monitor) Concretely: ING ABN AMRO Rabobank AkzoNobel EY PwC AMS Sourcing Greenberry Deloitte Optiver 12 Vrije Universiteit Amsterdam

13 ENTRY LEVEL REQUIREMENTS MSC FINANCE > Bachelor of Science degree > Solid basis in Finance > Brealey & Myers, Corporate Finance > Bodie & Kane & Marcus, Investments > Solid basis in quantitative research skills > Berenson & Levine & Krehbiel, Basic Business Statistics > Anthony & Biggs, Mathematics for Economics and Finance > *Note: Admission request is needed for non-feweb BSc students, see 13 Vrije Universiteit Amsterdam

14 ENTRY LEVEL REQUIREMENTS MSC BA FIN MGT > Bachelor finance knowledge > Brealey & Myers, Corporate Finance > Mishkin and Eakins, Financial Markets and Institutions > Bachelor accounting knowledge > Horngren & Foster (and others), Management Accounting > Needles & Powers, Financial Accounting > Bachelor quantitative skills > Berenson & Levine & Krehbiel, Basic Business Statistics > Starting with the master is only possible on 1st September > The bachelor programme has to be completed 14 Vrije Universiteit Amsterdam

15 DUISENBERG HONOURS TRACKS > A further challenge: 84 EC > Financial markets, econometrics, stochastics > Integrated career services > 8 core courses, 2 electives > 2 research projects > More information: > Dutch students: studieadviseur.feweb@vu.nl > International students: admissionsfeba@vu.nl > Programme coordinator: prof. dr. ir. H.A. Rijken/ dr. S.A. Borovkova 15 Vrije Universiteit Amsterdam

16 COSTS OF MSC FINANCE 2016/2017 MSc Finance statutory tuition fee is 1,984 (per year) Non-EEA students and students taking a second Master s degree (1 st degree later than 31 Aug 1991) pay fee set by the university: 13,400 (per year) Pre-master: half previous fee (because 30 EC instead of 60 EC), so 992 (per year); add GMAT fee (own expense) Separate fee for each pre-master, on top of other fees (e.g., if you do MSc Sociology + premaster Finance, fee = ) See also 16 VU University Amsterdam

17 IMPORTANT DATES FOR STARTING YOUR MASTER FINANCE (SEP 2016) OR PREMASTER FINANCE (FEB 2017) Register (aanmelden) in studielink before June 1, 2016 (DigID). Complete your registration fully before Aug 31, Premaster: have GMAT results in VU admin before Feb 1, (count + 4-6wk for GMAT to communicate) Otherwise: next academic year 17 Vrije Universiteit Amsterdam

18 PRE-MASTER S MSC FINANCE Pre-Master s programmes in general: > 30 credits, entry requirement: GMAT (plan well in advance) > Duration of the programme: half a year, no catch up class > To be completed within one academic year > Enrolled as a pre-master s student in the Bachelor s programme (registration through Studielink) > Have GMAT result in before Feb 1 (GMAT takes 4-6 weeks for sending) > Start date: 1 Feb. (but prepare yourself during Fall) 18 VU University Amsterdam

19 GENERAL ISSUES INTERNATIONAL STUDENTS > International students: > For more general information: > Visit the stand of International Office at the information fair for questions about costs for accommodation and study > Visit the stand of Central Student Desk at the information fair for questions about tuition fees > Or link to our website: master programs Finance 19 Vrije Universiteit Amsterdam

20 NEW STUDENT FINANCE BILL 2015/ VU University Amsterdam

21 QUESTIONS 21 Vrije Universiteit Amsterdam