The Executive MS in Finance comprises 10 modules, each of which is a single course that runs approximately one month. Zicklin’s renowned business faculty and experts teach two consecutive weekends in the classroom in Mumbai and New York City. All additional coursework takes place before and after the classroom sessions, supported by an online platform that allows faculty-supervised individual and group work.
The course of study reflects the current state and outlook of the global finance industry. The first three course modules must be taken at your program home (Mumbai or New York City) in the sequence shown under Foundations below. The rest of the modules build on the Foundations but do not require a specific sequence. Depending on when and where you choose to complete a module, you can tailor the sequence of your curriculum.
The EMSF based in Mumbai is recruiting now for March 2018 enrollment. Zicklin’s longstanding EMSF in New York City will follow the same modular format starting in May 2018. See the curriculum information below for course titles and descriptions, location schedules, and conditions of mobility.
Fundamental financial concepts and models are the focus of the first three foundational EMSF courses. This area also includes one advanced course, Financial Statement Analysis.
FIN 9771 Corporate Financial Theory and Applications
This course offers an introduction to corporate finance, with a strong emphasis on fundamental principles, and is designed to provide executive business students with a critical understanding of the key financial decisions that investors and corporations make on a regular basis. It introduces students to the main sources of corporate financing, their risk and return characteristics, and their respective valuation models. Students will learn how investors evaluate prospective investments; how corporate managers utilize and view debt and equity as sources of financing; and how they analyze and make investment decisions under uncertainty.
FIN 9772 Quantitative Tools for Finance
This course offers an introduction to key statistical and probability concepts used in investment analysis, corporate finance, and risk management. Topics covered include descriptive statistics, hypothesis testing, and regression analysis with an emphasis on model formulation and the interpretation of results. Students also learn to use spreadsheets to facilitate analysis. The course is delivered with a mixture of lectures, case discussions, and empirical exercises in which students apply the tools to real-world problems
FIN 9773 Investment Theory and Applications
This course offers an introduction to the theoretical and practical aspects of investments. Concepts such as the relationship between risk and return, no-arbitrage pricing, and diversification will be developed and applied. A variety of financial instruments and their valuation will be explored. Principles of portfolio selection and asset allocation will be examined.
Case studies play a larger role in many advanced courses, and challenge students to learn by doing.
FIN 9895 Special Topics in Corporate Finance: Financial Statement Analysis I & II
This course focuses on the analysis of balance sheets, income statements, and cash-flow statements to evaluate the set of underlying transactions. Students analyze actual corporate financial statements to interpret accounting information in each class session. The understanding of contemporary financial reporting, financial modeling, and Excel workshops will enable students to make informed business decisions and become effective communicators of accounting data and concepts.
FIN 9792 Advanced Managerial Finance
This course extends students' understanding of corporate finance, with a focus on capital structure, corporate valuation, and real options as they relate to corporate financial management. The course is substantially case based, with a strong emphasis on application of fundamental principles to real-life situations.
FIN 9793 Advanced Investment Analysis
This course provides an intensive analysis of several advanced topics in investments. It covers in-depth investment valuation and analysis, with special emphasis on relevant cash flows, risk analysis, and valuation approaches. It also examines investment management of stock and bond portfolios, performance measurement, and evaluation. Special topics include hedge-fund strategies, management and evaluation, introduction to financial risk management, and the development and uses of financial derivatives and securitization
New Frontiers and Challenges
These advanced courses introduce students to new areas of finance. Some of these courses may change from year to year as we update the curriculum to keep it relevant for your career.
FIN 9790 Seminar in Finance: Fundamentals of Financial Derivatives
In this course, students will develop an in-depth knowledge of the major types of financial derivatives: forwards, futures, options, and swaps. Students will examine basic as well as more advanced trading strategies, and will study key institutional aspects of the derivative markets. This background will provide them with a sound foundation for analyzing the uses of derivatives in risk management, arbitrage, and speculation. Students will focus in detail on how firms manage interest rate and commodity price risks using these derivatives. Among others, topics will include no-arbitrage-based pricing and hedging with futures and forwards, the binomial option pricing model, and the classic pricing model of Black-Scholes-Merton. Special attention will be paid to the implications of the Black-Scholes-Merton model for the analysis of option valuation.
FIN 9786 International Financial Markets
This course views finance from a global perspective. In an international context, aside from asset risk, firms face the additional component of exchange-rate risk management and hedging through forwards, futures, swaps, and options, to its investment and financing decisions.
FIN 9759 Mergers & Acquisitions
This course introduces students to the fundamental financial issues concerning mergers and acquisitions. It covers a background on mergers and acquisitions; the valuation of M&A transactions; tax and accounting for M&A transactions; analysis of the type of acquisition, such as hostile versus friendly; adopting tactics to deal with hostile takeover bids; managing merger negotiations first-hand; and leveraged buyouts (LBOs).
FIN 9774 Venture Capital and Entrepreneurial Finance
This course introduces students to the major concepts, models, theories, and research in the field of entrepreneurial finance. The course theme is how the entrepreneur can create value in setting up a new venture through financial, strategic, and operating decisions. The course develops the theoretical and practical tools essential to an entrepreneur and venture capital financier and is appropriate for students who intend to pursue a career in venture capital or entrepreneurship (e.g., whether in the finance area of a venture capital firm; servicing entrepreneurs in a financial institution, such as an investment bank; as an analyst or portfolio manager; or launching a new enterprise). The course might also serve students who want to develop analytical tools to evaluate strategic and investment decisions undertaken in small firms.
These courses must be taken at your home location.
|Course Title||Mumbai Date||New York Date|
|Corporate Financial Theory and Applications||March 10-11, 17-18||May 5-6, 12-13|
|Quantitative Tools for Finance||April 7-8, 14-15||June 2-3, 9-10|
|Investment Theory and Applications||May 5-6, 12-13||July 7-8, 14-15|
New Frontiers and Challenges / Advanced Courses
These courses can be taken at either location and in any sequence. To complete the program in one year, the Zicklin School suggests following the sequence, with August, September, and October being the optimal times for module mobility.
|Course Title||Mumbai Date||New York Date|
|Financial Statement Analysis I & II||June 2-3, 9-10||November 3-4, 10-11|
|Venture Capital and Entrepreneurial Finance||July 7-8, 14-15||December 1-2, 8-9|
|Fundamentals of Financial Derivatives||August 4-5, 11-12||August 4-5, 11-12|
|International Financial Markets||September 8-9, 15-16||September 8-9, 15-16|
|Advanced Investment Analysis||October 6-7, 13-14||October 6-7, 13-14|
|Advanced Managerial Finance||December 1-2, 8-9||February 2-3, 9-10, 2019|
|Mergers & Acquisitions||January 5-6, 12-13, 2019||January 5-6, 12-13, 2019|
The program reserves the right to amend, modify, and change the courses offered and/or the sequence of courses.