www.london.

edu/mif

Masters in Finance
10-16 months full-time, or 22 months part-time
London experience. World impact.

London Business School

Regents Park
London NW1 4SA
United Kingdom
Tel: +44 (0)20 7000 7000
Fax: +44 (0)20 7000 7001
www.london.edu
A Graduate School of the University of London

Master the world

of finance in London
Do you want to transform your career in finance and be
ready to take on any challenge in this fast moving world?
Are you passionate about applying the latest financial
tools and frameworks to make a tangible difference
to your organisation?
At London Business School, youll study with, learn from
and be challenged by a diverse and international body
of students and faculty. This inspiring, multicultural city
affords close-up encounters with key names in the financial
world and the chance to network with world-class alumni.
Contents
Connect to global finance in London

04

Programme elements

06

The full-time programme

08

The part-time programme

10

Concentration options

12

The finance faculty

14

Beyond the classroom

16

Global voices, inspiring minds

18

Your next career move

20

The alumni view

22

Take the next step

24

Our programme portfolio

26

Connecting art and business

02

The dynamic artwork in this brochure was created by students at

Camberwell School of Arts for the Find Your Voice competition, launched
by London Business School to represent visually the embodiment of the
Schools aim: to give every student a voice and the opportunity to make
their mark on the world. From the works submitted, 30 were selected
by a joint panel of judges to be exhibited at London Business Schools
Regents Park campus, and used across all its communications. View and
download the work at www.facebook.com/LondonBusinessSchool

Combining academic excellence, opportunity and

practical real-world experiences, our Masters in Finance
programme will have an immediate and positive impact on
your career in finance. Make it your next career move

A first-class city
Londons skyline blends
tradition and modernity,
reflecting its continuing
status as a financial hub.
(clockwise from left):
Canary Wharf overlooks
the River Thames; Nelsons
Column in Trafalgar Square;
21st-century transport links;
the view towards
Tower Bridge

Connect to global
finance in London
Experience a dynamic business hub in action,
and acquire the financial skills to take you
anywhere in the world

Study in the financial capital of the world

and youll see commerce at its most
exciting. London is home to the leading
financial institutions on the planet and a
third of the worlds biggest companies.
It boasts the largest global banking centre
and the offices of more than three quarters
of the top 500 global companies.

challenged, but the Schools remarkable

ethos makes this a uniquely collaborative
and enriching experience.

International appeal
All of this makes London Business School
a stand out destination for a Masters in
Finance. Arriving as an experienced
finance professional, youll come from a
wide range of career paths, including
investment, commercial or retail banking,
corporate finance and planning,
investment management or broking, and
accountancy roles within industry,
not-for-profits and the public sector.

Structured for flexibility

We offer two programme formats. Work
while you study part-time over 22 months
(you may be sponsored by your company),
or study full-time for 10 or 16 months (the
latter includes an optional fourth term).

The Schools world-acclaimed reputation is

reflected in its international make up. From
dozens of countries, and with a wealth of
professional expertise, the range of
viewpoints present in class (from students
and faculty alike) is phenomenal. Learning
alongside the brightest financial brains in
the business means youll be constantly

It will hone your ability to work anywhere

in the world a real point of difference
for you when employers are looking to
make their next appointment.

Core courses in Investments, Financial

Accounting and Analysis, and Corporate
Finance build in-depth knowledge of key
concepts. Specialist options are delivered
through an extraordinary range of electives,
Concentrations and Practitioner Courses
which drill deep into the areas best suited
to your career interests (see p12).
Whether you follow the full- or part-time
programmes, the City is an incredible
classroom offering unparallelled hands-on
learning opportunities. Every lecture, study

London Business Schools position is a huge

benefit. London is at the centre of the finance
world. Access to City professionals builds
your network, and events and conferences are
easy to attend. Plus there are the museums,
theatres and amazing restaurants!
Dinika Mahtani (Singaporean) MiF2013, Assistant Vice President,
Merrill Lynch International Bank

04

www.london.edu/mif

When a man is tired of London,

he is tired of life; for there is in
London all that life can afford.
Samuel Johnson, essayist and lexicographer (1709-1784)

Londons CV

Our Masters in
Finance stats

75%+ of top 500 global

companies based in the city

60

100% of leading financial

institutions represented

nationalities (2013)

209
students in 2013/2014

93%
international students

150+
faculty from more than
30 countries

39,000+
alumni across 150 countries

264 foreign banks

4.1 trillion in funds managed

group, simulation, company visit and

tutorial puts academic principles to the
test in real-world contexts. Our London
Finance Experiences connect you to
leading finance institutions and expose you
to industry innovators and sector trends.
Reflecting our global outlook, students can
study at one of our partner institutions, in
locations including China, Singapore and
Hong Kong. Other programme elements
such as internships and Practitioner
Courses offer more opportunities and
practical perspectives on the finance world.
Connect to the best
Hands-on experience and intensive,
theoretical teaching from our world-class
faculty gives you an outstanding grounding
in the analytical frameworks and technical

604 foreign companies listed

on the Stock Exchange,
including the AIM market
95%+ of the worlds
metal trading
46% of the worlds
derivative turnover
tools essential for finance. When it comes
to finding your next position, Career
Services links you to top recruiters and
institutions. And beyond the classroom,
the School plugs you into a network of
more than 39,000 alumni and 104 alumni
clubs in cities across the world.

37% of global foreign

exchange market ($1.9tr/day)
300+ languages spoken

www.london.edu/mif

05

Programme elements
Transform your skill set and build your expertise in finance.
This highly practical programme offers hands-on experience
and opportunities to specialise. See how it adds up

This is an outstanding programme for

finance professionals. It fuses academic
and experiential learning processes,
gives you the frameworks and technical
knowledge essential for a career in
finance, along with the context that
puts those new skills into action. It will
challenge your intellect and your ability to
think on your feet in ways that take you
beyond previous parameters. In so doing,
it will open up a global career to you.
Orientation
Your introduction to the programme
brings full- and part-time classes together
for a stimulating day of talks from key
faculty members and guest speakers.
Take part in a trading simulation and
begin to get to know your fellow students.
London Finance Talks
Visit iconic London venues to hear leading
industry speakers present on important
financial sector topics. These events
also provide opportunities to engage
and debate with finance leaders and to
network with classmates. There is one
London Finance Talk at Orientation and
another at Capstone.
Core courses
In-depth understanding of key concepts
underpins the expansion of your financial
knowledge. Cornerstone subjects are:
Investments Learn the frameworks
for financial decision-making through
an understanding of the principles and
practice of financial management. Topics
include advanced theories in the valuation
of investments, management of portfolios
and risk management strategies.
Corporate Finance Understand the
corporate investment and financing
decisions of different companies through:
Project Appraisal and Firm Valuation
Financial Structure
Pay-out Policy

06

www.london.edu/mif

Financial Accounting and Analysis

Analyse financial information and judge a
firms prospects based on performance,
patterns in their financial statements, profit
drivers, assets and obligations.
Personal Assessment and Development
Develop the skills and attributes you
need to succeed in a global business
environment. Various tools, including a
NEO personality traits test and a 360
survey, give you awareness of your
strengths and areas for development,
and illuminate your preferred ways of
working with others.
A challenging awayday brings the class
together to help build your study groups
into effective, supportive learning teams.
Electives
Tailor your learning to meet your career
ambitions by completing between seven
and 10 electives from a diverse choice
of more than 30. The formats give you
some flexibility with weekend, daytime,
evening and block-week classes. Our
programme brings together students from
across the School, so are an excellent
way to extend your network and expand
perspectives. See more www.london.
edu/mif/electives
Practitioner Courses
Link academic learning from electives
and core courses to the challenges of
real-life situations. Practitioner Courses
are delivered by finance professionals
and equip students with relevant tools
and deeper insights that relate to their
Concentrations. By the time you graduate
youll have a clearly identifiable set
of practical skills that employers can
recognise. Of course students taking
the general Masters in Finance may also
wish to participate in Practitioner Courses
in order to gain exposure to real world
issues and challenges that they may
encounter in their future roles.

The tight connection between the School

and the Citys finance community allowed
me to see almost all the main financial
institutions in the world in a few weeks.
Nahuel Velazquez Viard (Argentinian) MiF2013, Associate Investment Officer,
International Finance Corporation

Project
Undertake a company project as an
elective, either for your sponsoring
company or one youd like to work for.
Analyse an event, transaction or situation
to deepen your practical knowledge, gain
exposure to real business issues and
strengthen your networks. This can also
form part of a Concentration (see p12).
London Finance Experiences
Full-time students are able to have highly
relevant interactive experiences by visiting
global firms operating in London and
seeing first-hand how they address issues
on a daily basis. Themed by Concentration
to focus on current topics and ideas in
specific areas of finance, these half-day,
faculty-led visits truly bring academic
principles to life.

International Exchange Programme

Build your knowledge of the financial
sector from an international perspective
by spending a term on exchange at a
business school in a growth market.
The exchange counts towards your
electives and offers you new insights into
global finance as well as expanding your
network. See more www.london.edu/
mif/internationalexchange
Faculty Research Speaker Series
Our faculty are much sought after in industry
because of their forward-thinking research
areas. This series of events showcases
their thought leadership, and has previously
included Stefan Lewellen on the Role of
Peer Groups in Financial Markets, and Alex
Edmans on Socially Responsible Investing:
Doing Well by Doing Good.

Content varies but typically includes

meeting with key members of the
management team, company tours,
executive presentations, networking
receptions, case studies and Q&A
sessions. The trip forms the basis for
presentations and analysis in class.
Previous visits have included Coller
Capital, Lansdowne Partners, Aberdeen
Asset Management and the European
Bank for Reconstruction and
Development (EBRD).

Internships
Immerse yourself in a hands-on learning
environment and build vital connections that
could turn into job prospects. Full-time
students opting to do a fourth term can
self-source an internship or use the Schools
on-campus recruitment opportunities.
Lasting eight to 10 weeks, previous internship
destinations have included Amazon,
Barclays, BAML, Citi, Credit Suisse,
Deutsche Bank, Goldman Sachs, Google,
HSBC, IADB, Pimco and Statoil.

Finance at Work
Finance at Work events are linked to
Concentrations. They bring together
panels of alumni, practitioners and faculty
to share their experiences and talk about
current financial trends and topics.
Theyre an ideal environment for
networking with finance professionals.
Recent topics have included Global
Banking Regulatory Changes and
The Response of the UK Financial Sector
to New Challenges.

Capstone and Congregation

The culmination of your studies is
Capstone which brings together full- and
part-time students for the concluding
London Finance Talk. Its an opportunity
to celebrate achievements, reflect on
your learning and consider the broader
context in which your career will develop.
Congregation is the graduation and
official close of the programme and
takes place at the Royal Festival Hall on
Londons Southbank.

Connect by Rowan Ottesen The handshake is a fundamental bond. This intricate pattern shows
how everyone is connected in an important cycle, symbolising both agreement and good faith.
It displays elements of business that centre around journeys which require the maintenance of
both friendship and loyalty. Read about the Find Your Voice art project on p2

www.london.edu/mif

07

The full-time programme

The London Finance

Experience was very valuable
for me, directly impacting my
future job. It was an excellent
chance to apply various
frameworks and receive
feedback from industry.

Our dynamic approach to learning bridges the gap between the classroom and the real
world, fusing academic excellence, global perspectives and hands-on experience

Ben Dreyer (German) MiF2013, Hedge Fund Business

Development, Strategic Investments Group

Orientation

Term
Four
(optional)

Faculty Research
Speaker Series
London
Finance
Talk

Faculty Research
Speaker Series

Practitioner
Courses

Faculty
Research
Speaker Series

Optional Project

Faculty Research
Speaker Series

London
Finance
Experiences

Personal Development
for Finance
Professionals

Optional
Project

Electives (optional)

Practitioner
Courses

Term
One

Term
Two
Personal
Assessment
and Development

Finance at Work

Term
Three

Personal Development
for Finance
Professionals

Personal Development
for Finance
Professionals

Summer
Break

London
Finance
Experiences

Core
Courses

International
Exchange
(optional)

Practitioner
Courses

VISIT
OR
Electives

Practitioner
Courses

Electives

Congregation

Capstone

London Finance
Talk

Personal Development
for Finance
Professionals

Internship
(optional)

Programme subject to change

Follow our student blog: www.london.edu/studentblog/

Take on any challenge in finance
This is a fast-paced programme which
kicks off in term one with four core courses
to immerse you in the essentials of finance.
During the remaining terms, and at your
own pace, you will complete your choice
of seven to 10 electives. Throughout, and
surrounding these essential elements, are
a range of practical and applied options
that extend the specialism and breadth
of your knowledge, such as London
Finance Experiences.

08

www.london.edu/mif

If you decide to extend your studies from

10 to 16 months with a fourth term, your
scope of programme experiences
expands: spend time on international
exchange at a partner institution or
undertake a company-sponsored project.
For maximum flexibility, you can decide on
this part way through the programme.
The attraction of studying on this Masters
in Finance programme is in no small part
due to the ambitious and high-achieving
cohort who see coming to London
Business School as a rare opportunity to
interact and build networks with students
from diverse industries and cultures.

As an example, the current full-time class

includes a Chilean portfolio manager, a
fund manager from Turkey, an
economist from Portugal, a British Credit
Trader, a corporate Banker from the
Philippines, a Colombian Attorney, and a
private equity analyst from South Korea.
Classmates like these offer you unmatched
levels of experience and expertise to learn
from.

Nothing beats
the class
diversity and
nothing beats
being in a
world-class
institution.
Foluso Ajayi (Nigerian) MiF2006
Regulatory Co-ordinator (Gas), Chevron
Nothing beats the London Business
School experience, the class diversity or
being in a world-class institution. I needed

to get a solid grounding to enable me to

do better in my role and in my career
generally. I had more than six years
experience in business advisory and
consulting, so an MBA was not right for
me. The Masters in Finance however, was
a perfect fit focused, practical and
business-orientated.

management on new opportunities and

business development. In 2010, I moved
out of that role into the broader dealmaking post I now hold. I find I now have
many options open to me, a considerable
benefit in todays tough times. The
Masters in Finance experience has
become an integral part of who I am today.

It was an excellent foundation for the next

stage in my career and it was during a
career coaching session that my coach
picked up on a key strength in my CV, to
which I was oblivious! My experience with
start-ups, presented in a professionallytailored CV, helped me get my role with
Chevron as a Decision Analysis Advisor to

On a personal level, the friendships I

developed during the programme
and keep developing through the alumni
community have been phenomenal.
The networking opportunities being
able to connect with people who are
excelling in their various fields all over
the world are superb.
www.london.edu/mif

09

My company supported me to do the Masters in Finance.

It was a huge commitment, but I have gained knowledge,
differentiation, credibility and ownership of my future career.

The part-time programme

John Wood (British) MiF2007, Regional Director, Scotland and the North of England,
Lloyds Bank Wholesale Banking & Markets

Every element of this programme presents you with a complementary perspective to

enhance your skills: expert insights, Practitioner Courses, pitch situations

Orientation

Core courses

Faculty
Research
Speaker Series

Finance at Work

Practitioner
Courses

London
Finance
Talk

London Finance Talk

Optional Project
Electives

Practitioner
Courses

Term
One

Practitioner
Courses

Summer
Break

Year Two

Personal
Assessment
and Development

Term
Two

Faculty
Research
Speaker Series

Elective
Options*

Practitioner
Courses

Electives

Capstone

Term
Three

Core Courses

Term
Four

Elective
Options*

Term
Five

Term
Six
Congregation

Practitioner
Courses
International
Exchange
(optional)

Year One

Faculty
Research
Speaker Series

Practitioner
Courses
Finance at Work

Faculty
Research
Speaker Series

Follow our student blog: www.london.edu/studentblog/

Reach your potential in finance
The part-time format is specifically
designed to allow you to carry on working
full-time while you gain your Masters in
Finance. The content is the same as the
full-time programme, but you complete
your degree across 22 months.
This will be a demanding experience,
but the programme structure aims to
help students balance their work/life
commitments. It is also a good option
if you dont live in or near London.
In fact, our part-time intake includes
students who travel from across Europe.
The professional and cultural diversity
of the part-time class is astonishing,
reflecting the global nature of London

10

www.london.edu/mif

itself. For example, the current class

includes a Japanese portfolio manager,
a quantitative analyst from the US, a
Singaporean corporate lawyer, a British
investment strategist, a Danish CIO and
an investment analyst from Kuwait. Every
Masters in Finance class presents this
eclectic mix of professionals, providing
you with an outstanding global network.
The typical schedule
Year one begins with a full-time
introduction week, during which you
complete the Personal Assessment and
Development (PAD) core course, data
analytics and accounting pre-courses and
meet with Career Services to begin your
career development activities. Throughout

the rest of the year, you complete the

other three core courses and in terms two
or three, your first year elective*. Year one
classes run on alternate weekends
Friday evenings (typically 18.4521.30)
and Saturdays (typically 09.0015.30).
Year two focuses on the completion of
seven to 10 electives. Some of these run
in block-week formats and require
attendance from 08.15-15.30, Monday to
Friday for one week; others run in modular
formats (either Friday or Saturday,
bi-weekly); and others follow
an evening format, from 18.45-21.30.
There is some flexibility here and you
may be able to complete electives in a
daytime format.

Im amazed
at what the
programme
gave me. I am
signifcantly
better at what
I do now.
Paul Tabberner (British) MiF2008,
Managing Director, Lloyds Bank Wholesale
Banking & Markets
An engineering degree meant I didnt have a
professional finance qualification, so when
my manager at Lloyds suggested this
Masters in Finance, I quickly came on
board. I work in an extremely specialised

part of finance and wanted a qualification

that would complement this. The
programme lets you get down to the finer
detail of the topics you choose, so it was
perfect.
The part-time programme is tough and
commitment is considerable. I had a small
child at the time, and I manage a team,
but you get through it and its well worth
the effort. The camaraderie and teamwork
on the programme mean I now have a
tight network of friends from those days.
I was amazed at what the programme gave
me much more than I expected.
I am significantly better at what I do now.
My approach to clients has changed; I can
talk about their wider financing needs
and I have more empathy with the finance

Programme subject to change

professionals we deal with; I communicate

better, which makes me more effective and
ultimately helps my career development.
I came away with a framework for looking
at financial problems, and a logic that
allows me to simplify complexity, grasp
new concepts and see wider
perspectives.
My team and I look after a number of the
banks mid markets relationships dealing
with businesses with a turnover between
15m and 500m. Theres much negative
perception around banking right now, but
the programme has enhanced my skills
and, in a tight job market, Im confident I
could use them in a number of financial
roles. I have a greater sense of security
knowing that I could diversify more than
others who havent had exposure.
www.london.edu/mif

11

Concentration options

As the financial sector has evolved in

recent years, particular sub-sectors have
become more complex and demanding.
If you have a clear view about where
your career is going, you can specialise
in one of three Concentrations around
major functional roles:
Investment Management and Analysis

focused on fund management, through

managing investment portfolios or
researching investments
Corporate Finance targeted on
advisory and strategic planning roles in
companies and financial institutions
Risk Management and Derivatives
for those with finance, treasury and

Investment Management and Analysis

Mandatory elective(s)

Plus a minimum of
3 relevant electives

management roles in companies.

If you want, you may follow a general
programme, through your own choice of
electives, Practitioner Courses and events.

Corporate Finance

I am concentrating my electives in
corporate finance; its the area where I have
the least experience but Im keen to move
into it when I graduate.
Meng Meng (Chinese) MiF2015, Senior Associate, J.P. Morgan

Risk Management and Derivatives

Equity Investment Management or

Securities Analysis and Financial Modelling

Advanced Corporate Finance

Derivatives or
Fixed Income Securities

Advanced Financial Statement Analysis

Behavioural Finance
Derivatives
Emerging Markets
Financial Engineering and Risk
Management
Fixed Income Securities
Hedge Funds
International Finance
Real Estate Finance
Securities Analysis and Financial
Modelling
Topics in Asset Management
Understanding the International
Macroeconomy
Value Investing

Advanced Financial Statement Analysis

Banks and Financial Institutions
Distressed Investing and Financial
Restructuring
Financial Analysis of
Mergers and Acquisitions
Financing the Entrepreneurial Business
International Finance
Managing Corporate Turnarounds
Mergers, MBOs and other Corporate
Reorganisations
Monetary Policy, Credit and Banks
Private Equity and Venture Capital
Project Finance
Real Estate Finance
Strategy for MiFs

Behavioural Finance
Credit Risk
Energy Markets/Carbon Finance
European Financial Markets
Financial Engineering and Risk
Management
Global Capital Markets and Currencies
Hedge Funds
Real Options and Natural Resource
Projects
Securities Analysis and Financial
Modelling
Time Series Analysis

The Business of Asset Management

The Business of Corporate Finance

Advanced Financial Modelling

Applied Risk Management and

Derivatives

Practitioner Courses

General Masters in Finance

Fully tailor your electives choice

to your interest.
Choose seven to 10 electives

* Courses reflect the 2013/14 programme and may change annually.

Showcase your skills to present and prospective employers.

Our Concentration study routes offer opportunities to develop
in-depth knowledge vital for specific finance career paths

Attend any Practitioner courses

Choose any courses from within the
Concentrations (see left) and:
Regulation
Public Finance

Attend relevant Finance at Work

Company sponsored project (optional)

12

www.london.edu/mif

www.london.edu/mif

13

The finance faculty

Our globally recognised faculty includes industry
innovators, practitioners and thought leaders, each
of whom brings their unique perspective, academic
rigour and expertise to every learning experience

With one of the largest finance faculties in

the world, the School is acclaimed for its
cutting-edge academic research, thought
leadership and innovation. The FTSE
100 stock market index emerged here,
designed by leading finance professors
Elroy Dimson and Paul Marsh.

Studies on Pensions, Aging and

Retirement. Ralphs research interests
include asset pricing, macro-finance,
insurance and health markets, and
financial econometrics. He was the winner
of the Masters in Finance best teacher
award in 2014.

This is a selection of our much larger

Masters in Finance faculty who routinely
consult to financial institutions, companies
and government agencies, ensuring
relevancy in everything we do.

James Dow, Professor of Finance

Expertise: Corporate finance incentives
and communication; integrating financial
markets and corporate finance; executive
compensation and leadership.
Experience: James has consulted to
leading companies and governments
on corporate financial and regulatory
policy, and commercial arbitration cases.
He is the former Editor of The Review of
Economic Studies. Other academic posts
include Professor of Economics and Head
of the Economics Department at the
European University Institute.

Chris Higson, Associate Professor of

Accounting Practice
Expertise: Financial statement analysis;
valuation of information and intangible
assets; financial governance and private
equity; macroeconomic determinants of
company performance.
Experience: Chris has taught on all the
Schools major programmes and earned
his doctorate here. He is also a faculty
member of The Coller Institute of Private
Equity. A regular adviser to financial
institutions, industrial companies and UK
and overseas governments, he previously
worked for Deloitte & Touche.
Ralph Koijen,, Professor of Finance
Expertise: Investments, insurance
markets, and financial econometrics.
Experience: Ralph holds a PhD in
Finance from Tilburg University, and is a
Research Fellow of the Network for

Magnus Dahlquist, Visiting Professor

of Finance
Expertise: Fixed-income securities;
international finance; investment
management; asset pricing.
Experience: Magnus advises to several
financial institutions as well as government
authorities and is currently Chairman of
the Advisory Board of IPM in Sweden.
Previously, he was Director of the Institute
for Financial Research (SIFR) in
Stockholm. He is a research affiliate at
the Centre for Economic Policy.

Suleyman Basak is a genius his course on Fixed

Income was so entertaining. Private Equity, taught by
Professor Eli Talmor, gave us an in-depth understanding
of the subject alongside cutting-edge concepts.
Florian Meyer (German) MiF2013, Investment Banking Analyst, Rothschild

14

www.london.edu/mif

Find Your Voice by Megan Jones This image is based on the theme of find your voice and
represents the journey London Business School students go on to find out who they are.
Read about the Find Your Voice art project on p2

Suleyman Basak, Professor of Finance

and winner of the Best Teacher (Masters
in Finance) Award 2007-2013
Expertise: Asset pricing and asset
allocation; risk management; market
imperfections; international finance and
financial innovation.
Experience: With a PhD in Financial
Economics from Carnegie Mellon
University, Suleyman was Assistant
Professor of Finance at the Wharton
School and visiting Professor at the
Graduate School of Business, University
of Chicago. He has consulted for
Goldman Sachs and is Associate Editor of
the Review of Finance and Mathematics.
Christopher Hennessey, Professor
of Finance
Expertise: Corporate financial
management; valuation of financial
securities.
Experience: Recent work has focused
on hybrid debt, taxation, and the design
of financial contracts. Christopher has
won three Brattle Prizes for outstanding
corporate finance research published in
The Journal of Finance and is the author
of numerous publications (jointly) covering
debt structure and capital structure.
Ahmed Tahoun, Assistant Professor
of Accounting
Expertise: Economic consequences of
transparency; politics of financial markets.
Experience: A career in banking at HSBC
in Egypt preceded Ahmeds academic
transition. He is a faculty member at the
London School of Economics, visiting
scholar at the Wharton School, Tilburg
University and Chicago Booth, research
fellow at University of Valencia and
teaching fellow at Cairo University.
Stephen Schaefer, Professor of Finance;
Deputy Dean (Faculty)
Expertise: Credit risk; derivative
instruments; investment management;
asset pricing theory; portfolio selection;
capital markets; financial regulation;
term structure of interest rates.
Experience: Stephen is a member of
Moodys Advisory and Academic
Research Committee and an Independent
Board Member of the Securities and
Futures Authority. He has written
extensively and broadly on credit risk, and
teaches at Stanford, and the Universities
of British Columbia, Cape Town, Chicago,
Berkeley and Venice.

www.london.edu/mif

15

Beyond the classroom

The best of London.

Learn along with a
diverse and stimulating
peer group of global
finance professionals,
benefit from access to
outstanding business
contacts and luminaries
of the finance world,
such as George Soros,
and enjoy excellent
professional and
social events.

Your Masters in Finance doesnt start and end with the curriculum. Pursue your
professional and personal passions through the many exciting forums, clubs and social
activities on and off campus. Heres a taste of the wider School community in action

Just like the city itself, youre never short

of things to do at London Business
School. Campus life is vibrant, eclectic
and vividly experienced through
the student-run clubs which span
professional, cultural and sporting
interests. Taking an active role in club
life feeds your career and job search
through opportunities to network,
and supplements your interests and
ambitions. Overseen by the Student
Association Executive Committee, clubs
also connect you to colleagues from
across the School, as well as a wide
network of alumni working across a vast
range of sectors.
Professional clubs may take you to the
banking world of New York or to study
microfinance in Ghana. You can join a
football or womens touch-rugby team,
taste wine, perform Shakespeare the
choice is endless.
Most popular student clubs

Latin America
Club

Finance clubs
The brightest lights from the banking
world share their insights and experience
with members of our finance clubs. Our
highly active Private Equity & Venture
Capital Club boasts more than 4,000
members interested in all aspects of the
field. Recent events featured Canter PE
and LEK Private Equity Consulting. The
Investment Management Club manages a
portfolio of US$200,000 of donated funds
and also runs an annual Stock Pitch event
where members pitch their stock ideas to
fund management professionals.
The number and range of events on
offer ensures you pick up insights and
improve skills highly relevant to your
particular finance sector.
Career treks
Meet your potential next employer on
these career-focused treks to business
hubs around the world. Arranged by

Finance
Club
Industry
Club
Investment
Management
Club

Sailing
Club

Energy
Club
Running
Club

16

www.london.edu/mif

Technology
Club

Women in
Business Club

Private Equity
& Venture Capital
Club

students with the help of Career

Services, youll meet leading companies
and organisations, get a better
understanding of an industry or sector,
build connections within local firms and
explore tangible career opportunities.
Recent treks to Singapore and Hong
Kong included meetings with Credit
Suisse, Nomura, Goldman Sachs and
Bain & Company, focusing on asset and
private wealth management, hedge
funds and private equity.
Social trips
Students come from every corner of the
globe and enjoy sharing the highlights of
their home country. Popular trips include
skiing in the Alps, the Paris Marathon, and
InterRailing around Europe. Who knows
where youll go!
Conferences, summits and forums
Organised by students, these events can
significantly impact your career as you
hear from and debate with high-profile
speakers, industry practitioners and
alumni. Weve welcomed George Soros,
Bill Gates, Jeff Immelt, and Sir Richard
Branson among many (see p19). Financerelevant conferences include Asset
Management, Real Estate, and Private
Equity and Venture Capital while the
broader summits cover the global scene:
The China Business Forum, the Global
Energy Summit and Women In Business.
Families welcome
All partners of our Masters in Finance
students are welcomed by the Partners
Club, a supportive network run by and
for partners and their children, across
the School. It organises regular events
such as London walks, language classes,
job-hunting workshops and childrens
playgroups as well as theatre and pub
nights, and illustrates perfectly our
community spirit. Partners of full-time
Masters in Finance students can apply for
a visa giving them full working rights.

The EBRD event provided an excellent platform for

exchanging views on the economic development of four
diverse emerging regions, and hearing controversial
opinions often not covered by mainstream news.

Global voices,
inspiring minds

Asia Tumasyan (Russian) MiF2013, GTS EMEA Credit Risk Analyst, Citigroup
Visiting speakers*

Steve Ballmer,
CEO, Microsoft
Rt. Hon. Tony Blair,
Prime Minister, UK
Marc Bolland,
CEO, M&S
Ana Patricia Botn,
Executive Chairwoman,
Santander UK

Anshu Jain,
Head of Global Markets, Deutsche Bank
Boris Johnson,
Mayor of London
Ravi Kant,
Vice Chair, Tata Motors

Rt. Hon. Gordon Brown,

Chancellor of the Exchequer, UK

Paul Polman,
CEO, Unilever

Ursula Burns,
Global CEO,
Xerox Corporation

Lady Susan Rice CBE

Managing Director, Lloyds Banking Group
(Scotland)

Christophe Le Caillec
SVP/Chief Financial Officer, Global
Network and International Consumer
Services, American Express

Xavier Rolet,
CEO, London Stock Exchange

Vittorio Colao,
Chief Executive, Vodafone
Bill Gates,
CEO, Microsoft
Martin Gilbert,
Chief Executive,
Aberdeen Asset Management
Al Gore,
former US Vice-President

www.london.edu/mif

Jeff Immelt,
Chairman and CEO, General Electric

David Pitt-Watson
Executive Fellow, London Business School

Bill Clinton,
former US President

18

Antnio Horta-Osrio,
Chief Executive, Lloyds Banking Group

Sir Richard Branson,

Founder, Virgin Group

Rt. Hon. David Cameron,

Shadow Prime Minister, UK

Helping Hands by Christian Wood

These are creative hands. They represent people from different backgrounds coming
together, working creatively together and succeeding in business. The hands are using words
from the stock exchange and are manipulating the graph in a playful game in order to win.
Read about the Find Your Voice art project on p2

Stephen Hester,
CEO, Royal Bank of Scotland

President lafur Grmsson,

President of Iceland

Sir Martin Sorrell,

Chairman, WPP
George Soros,
Investor, Philanthropist and Entrepreneur
David Sproul,
Senior Partner and Chief Executive,
Deloitte UK
Mark Thompson,
Director General, BBC
Peter Voser,
CEO, Shell
Martin Wheatley,
CEO, Financial Conduct Authority
Tony Wheeler,
Co-Founder, Lonely Planet

www.london.edu/mif

* Speaker titles reflect positions at the time of their London Business School visit.

Learn from business and finance leaders. The most innovative

and dynamic speakers in the world come to London Business School.
Through lectures, forums, summits and conferences, you can forge
invaluable links for your future. Where else can you hear from
and debate with such luminaries?

Dr Josef Ackermann,
Chairman, Zurich Insurance Group;
Vice-Chairman of the Foundation
Board of the World Economic Forum

19

The financial landscape has changed

dramatically in the last few years. The
programme gave me the confidence to
rise to the challenges of a difficult market.

Your next career move

Lon OSullivan (American) MiF2009,

Executive Director, Firm Market Risk Division, Morgan Stanley

I appreciated
the suggestions
and guidance
from Career
Services during
my negotiations
and final offer.

This Masters in Finance lets you set ambitious career goals.

Our in-house Career Services team has the finance knowledge and
practitioner experience to guide your professional development
strategies and give you the opportunity to achieve them
The alumni view

The specialist skills and experience gained

on this programme make you a top
candidate for finance roles. The Schools
strong finance reputation and connections
to key institutions mean we have forged
invaluable relationships with a vast number
of top employers and recruiters in London
and around the world. Students from our
2012 Masters in Finance intake are now
working in 22 cities in 20 countries.
Comprehensive support from the Career
Services team is available throughout the
programme and includes CV and covering
letter workshops, recruitment fairs,
networking events, and interview coaching
for specific finance sectors or for pitching
situations, such as an equity stock pitch.
Head of Employer Engagement at the
School, Lara Berkowitz explains, We give
students the fundamental building blocks
for their career by helping them maximise
their skills and contacts, and ensure they
communicate effectively in interview.
In particular, if you are on the part-time
programme, and in full-time work, a
dedicated career coach is available to
work with you outside of working hours,
on your personalised career plan.

Job location post-programme

(Employment Report 2012)

Glenice Gao (Chinese) MiF2011,

Associate, Investments, Khazanah
Nasional Berhad, China

Expertise includes:
Sector recruitment managers and coaches to
help you plan your career goals
Jobs interface and information hub with sector
insights, employer profiles and job descriptions
One-to-one coaching, group training and
online resources
Advice on CVs, applications and interviews
Mock interview training
Practical networking skills
Advice on how to work with head-hunters
Student/recruiter events on campus

The School has comprehensive resources,

from job opportunities and interview
preparation to mentoring and contract
reviewing. I utilised a lot of information
on Portal (the Schools intranet site)
when preparing for my interview, but I
especially appreciated the suggestions and
guidance from Career Services during my
negotiations and final offer.

We offer
students
access to a
wide range of
opportunities
through our
networks.

Specialist career advisers

Our Masters in Finance career advisers have
years of real-world experience to help students
ascend the finance ladder, and include:
Richard Bland, Head of Finance Careers, has
a 20-year background in investment banking
including 10 years as a director at Deutsche
Bank. He has high quality links to finance
recruiters and promotes student talent from all
School programmes across finance sectors.

The Career Services view

Ellen Miller, Masters in Finance Coach, spent

25 years in investment banking, as a banker,
manager and HR professional. She has a
particular interest in women in business.

Fiona Sandford, Executive Director,

Careers and Global Business, London
Business School
Were able to offer every student
access to our extensive knowledge and
understanding of a wide range of career
opportunities, which we have gained
from our ever-increasing network
of European and overseas recruiter
relationships, including China.

Christian Dummett, Head of Masters in

Finance Careers and Alternatives, has worked
for Chase Manhattan, Abbey National and Merrill
Lynch. He has 25 years finance experience,
15 of which have been in private equity.

UK42%
42%
UK
Asia30%
30%
Asia
Europe(Excluding
(ExcludingUK)
UK)12%
12%
Europe
LatinAmerica
America7%
7%
Latin
MiddleEast
East5%
5%
Middle
USA/Canada2%
2%
USA/Canada
Africa2%
2%
Africa

20

www.london.edu/mif

Right Up Down Left by Sylvia Moritz

There are many opportunities for students and it may feel like
a maze of confusion until they find their own voice. Staircases
and corridors show the Schools departments and the
students journey towards their individual goals.
Read about the Find Your Voice art project on p2

Some of our recruiters

A P Moller-Maersk
Administration of
Foreign Exchange Beijing
American Airlines
American Express
Banco de Mxico
Bank of Japan
Barclays

Booz & Company

Central Bank of Malaysia
China Resources
Citi
Credit Suisse
GlaxoSmithKline
Goldman Sachs
Grupo Santander
ICBC International

Investec Asset Management

J P Morgan
Kuwait Investment Authority
London Stock Exchange
McKinsey & Company
Ministry of Finance (Japan)
Morgan Stanley
Norges Bank
Investment Management

PIMCO
Rothschild
Royal Bank of Scotland
Samsung
Siemens
Sony Music Entertainment
Standard Chartered
State Street Global Advisors
The Boston Consulting Group
www.london.edu/mif

21

The year
exceeded all
expectations
on all fronts.
Its the quality
rubber
stamp for
prospective
employers.

The alumni view

Aisling Meany (Irish) MiF2009,

Associate, Rothschild

Where does a London Business School Masters in Finance

lead? Well let some of our graduates tell you

Following formal accountancy training,

I wanted a challenging role at a City bank
and felt that London Business Schools
Masters in Finance would equip me with
state-of-the-art financial modelling and
communication skills to achieve that. Its
the rubber stamp of quality for employers.
The year exceeded all expectations on all
fronts, through team-building assignments
and interaction with faculty, business and
fellow students. At events you socialise
with industry professionals, network and
identify mentors and career opportunities.

Ten years of working in the finance

industry had given me solid foundations,
but I wanted to set the platform for my
next big career move. London Business
Schools Masters in Finance programme
ticked all the boxes it was a targeted
programme letting me focus solely on
finance. It offered an excellent part-time
format and the strong reputation of the
programme ensured it would be a sound
long-term investment. I was promoted
from Analyst to Portfolio Manager as soon
as I completed the Masters in Finance, so
my decision was definitely the right one.
22

www.london.edu/mif

I tailored my
programme towards
quantitative finance
and investments. As
soon as I completed
my Masters in Finance
I was promoted from
Analyst to Portfolio
Manager, so my
decision was definitely
the right one.
Thais Batista (Brazilian) MiF2010,
Portfolio Manager, La Fayette
Investment Management

When you invest time, money and energy

in a programme like this, it makes sense to
maximise the opportunities available.
I was able to tailor the Schools flexible
curriculum to fulfil my individual needs.
The programme gave me the perfect
opportunity to develop a broader scope of
financial knowledge. Subjects like
Financial Engineering and Time Series
Analysis rounded out my general skills
toolkit, and electives gave me the chance
to delve into specific aspects of finance
and really pushed me academically.
I angled the programme towards
quantitative finance and investments
and learned a lot from the superb faculty.
I have a generalist approach to investment
strategy and now feel I have a sound base
across the subject and an insight into
different areas that I can develop. The
Masters in Finance gave me the tools and
vocabulary I needed to feel comfortable
in every field of finance; in effect, I have a
pass code now, a panoramic view that
will help propel me to more senior levels
as I move forward in my career.
Three years on from the programme the
benefits of the class network are evident,
currently on an informal, social basis. And
going forward, the contacts I have within
the industry will be invaluable.

The Career Service team and Finance

Club were full of insights on CV
development and have direct contacts
with potential employers. Ive been at
Rothschild for two years and have the
skill set to assess a business model at the
highest level and present my ideas to the
most senior bankers. And I continue to be
involved with the School as an alumnus.

The
programme
gave me the
foundation to
perform and
secured me my
dream job.
Kunal Sharma (Indian) MiF2011,
Investment Manager, Aloe Private Equity
Id worked as a consultant for five years and
had a good understanding of management
practice, but I lacked core financial
knowledge. Id been in the UK for a year
and was enjoying my job so opted for the
part-time programme, which allowed me to
maintain a work/life balance and reduce my
personal contribution towards tuition fees. I
lived a stones throw from the School, so
took part in many of the club activities.
The programme gave me a strong
foundation to perform financially and
equipped me with the commercial
perspective too. It helped me get my dream
job as part of the Internal M&A and Strategy
Team with ICF at Aloe Private Equity.

Apply now and

start the journey,
www.london.edu/mif

Take the next step

London Business School provides an unparalleled
springboard to new opportunities in the finance industry.
Find out more about applying and financing your degree

Take a tour online

Discover the facts about the
School, Masters in Finance, faculty
and alumni community:
www.london.edu/mif/

Programme
Summary

Hear from others

 Our students are happy to answer
your questions and arrange online
chats. Contact our recruitment
coordinators for more details:
mif@london.edu Read more
student experiences at:
www.london.edu/studentblog

start date

Come and meet us

around the world
We host events on campus and in
locations around the world. See our
website for the latest information on
dates and locations:
www.london.edu/newsandevents

Contact us by telephone
or email

Our Recruitment Coordinators

can answer specific and

general questions:
Telephone: +44 (0)20 7000 7512
Email: mif@london.edu

Information for partners

Visit the Partners Club website
or send an email:
www.london.edu/clubs/partners
Email: partners_clubs@london.edu

Chris Coghlan (British) MiF2012,

CEO, Grow Movement

Financing your
Masters programme

August
10,16 22
or

duration in months

Full-time
part-time

or

formats offered

Application summary
Step 1: Submit online
application, available at: http://
www.london.edu/mif
Step 2: Initial review
Step 3: Interview conducted
by Masters in Finance Alumni
in your preferred location
Step 4: Admissions
Committee decision

This is a big investment in time and money

so its essential your funding is in place
before the start of your studies. Funding
sources can have strict deadlines, so
start your research early. We recommend
you use your own finances as much as
possible. Living expenses should be
budgeted for, too, and we can advise you
on what these might include.
Donor-funded scholarships
We award a number of scholarships
to full- and part-time students. These
typically range from 5,000 to 20,000.
To be considered for an award, apply
early in the admission season.
Loans
Learn more about your options and
eligibility for our excellent loan schemes:
www.london.edu/programmes/
gettingaloan.html
Company sponsorship
About 25% of our Masters in Finance
students are sponsored by their
employers.
Once your place is confirmed a first
commitment payment is required,
followed by a mix of instalments and/or
balance payments.
For more information on funding:
www.london.edu/mif/financing

The clubs and alumni give you a rich network

of experts to turn to. Ive met people I might
work with who could help a business fly.
Lukas Erlebach (Austrian) MiF2011, Senior Consultant, Boston Consulting Group

24

www.london.edu/mif

I have accessed
alumni expertise to
refine our processes
as well as highly skilled
student volunteers.

Ive always been

passionate about
international
relations and
development.
While employed
as an accountant,
I acted as an
election observer
for the EU in
Ukraine and DR Congo. I eventually
joined Charlemagne Capital, an emerging
markets hedge fund, focused on Eastern
Europe, the Middle East and Africa.
I set up Grow Movement a year before
starting my Masters in Finance. Its a notfor-profit organisation harnessing business
to end poverty and conflict in the worlds
poorest communities, including Malawi,
Uganda and Rwanda. We provide remote
consulting to small and medium-sized
businesses and need remote volunteers,
funding, organisational capacity and
entrepreneurs. I had gaps in my business
knowledge so I jumped at the opportunity
to study at London Business School.
The rigorous education on the
programme fitted well with my position
at the hedge fund and my long-term
objectives. Courses like Strategy helped
me determine how to position Grow
Movement, while Global Capital Markets
and Currencies gave me a high-level
economic overview that led to work
experience within a development bank,
building networks and credibility.
At a London Business School TEDx talk,
I was able to market Grow Movement and
Im sure this contributed to us receiving a
government grant to help 38,000 people
soon afterwards. I have accessed alumni
expertise and via the student and alumni
network, Ive sourced highly skilled
volunteers with diverse areas of expertise.
The London Business School experience
has contributed hugely to our success.

Our degree programmes

Duration / Format / Primary study location

Our programme portfolio

Masters in Management
12 months / Full-time / London
For recent graduates with less than one year of full-time
postgraduate corporate work experience or with less
than two years in a non-traditional business role.

London Business School can boost your capabilities and potential

at every stage of your career. As well as our postgraduate degree
programmes, our world-renowned portfolio includes a range of short
finance programmes for experienced business professionals

Global Masters in Management

24 months / Full-time / London and Shanghai
For recent graduates with up to two years full-time
postgraduate work experience. Strong interest in Asia
and knowledge of Mandarin highly recommended, but
not mandatory.

Our Finance
Executive Education
programmes
Our short, focused courses offer general
managers and finance specialists a
dynamic learning experience so they can
continually upgrade their skills. Increased
confidence with financial information
means better business decisions. Develop
your understanding of a specific subject
area and see the positive results impact
on your organisation and your career.
Corporate Finance Programme Portfolio
Accounting and Financial Analysis
Become skilled at using accounting
data and financial analysis techniques
to assess a companys strength and to
measure the return that a company is
earning on its capital. Includes corporate
governance, regulatory frameworks and
their impact on financial statements.
Valuation
Learn the valuation techniques required
to accurately appraise financial decisions
and value companies. Evaluate
investment projects, understand capital
market behaviour, risk and capital costs.
Funding, Risk and Restructuring
Learn to manage a companys financial
risk effectively. Includes an in-depth
analysis of mergers and acquisitions,
restructuring, capital structure and
company financing options.
Advanced Corporate Finance
Take your corporate finance decision
making to an advanced and strategic
level. Learn the technical frameworks and
practical applications that can make a
difference to your business immediately.

26

www.london.edu/mif

Recent
graduate

Early
career

Midcareer

Senior
management

MBA
15-21 months / Full-time / London
For individuals who are looking to make a vertical shift
in their career path, change industry or job function, or
develop an entrepreneurial toolkit.

Find out more about our

Finance Executive
Education programmes:
Website:
www.london.edu/finance
Telephone:
+44 (0)20 7000 7051
Email:
finance@london.edu

Investment Management Programmes

Equity Portfolio Management
Examine the latest theories in equity
investment and the practical implications
for asset allocation, portfolio optimisation,
risk measurement models of return and
performance measurement.
Fixed Income Markets and Bond
Portfolio Management
Explore a wide array of fixed income
instruments, including government bonds,
swaps and interest rate derivatives, as
well as collateralised bond obligations
and other credit derivatives.
Derivatives: Markets and Models
This programme introduces you to a wide
variety of derivative instruments and their
characteristics. Become an informed user
of derivatives and avoid misapplication.

Strategic Investment Management

Gain a thorough understanding of the
investment management process, as well
as a highly practical skill set to evaluate
investment strategies and measure
performance effectively.
Masterclass in Private Equity
This holistic view of the private equity
industry gives you dynamic insights into
investments. Presented in association
with the Coller Institute of Private Equity,
youll have access to the latest empirical
research and industry trends along with
case studies from Europe, the USA, the
Middle East and emerging markets.
Financing the Entrepreneurial Business
Understand the stages of securing or
providing investment for fast growth
businesses. This highly practical and
interactive programme gives you
the frameworks to apply, from initial
investment through to exit strategies.
Project and Infrastructure Finance
Assess how organisations use project
finance to structure, value and finance
high-scale projects and apply your new
understanding to real case studies.
Other Executive Education
short programmes
We offer open enrolment as well as
company-specific programmes for
early, mid and senior career stages,
covering HR, general management,
leadership, marketing and strategy.
Programmes range from four days to
four weeks. Visit www.london.edu/
execed

Masters in Finance (full-time)

10-16 months / Full-time / London
For individuals wishing to advance their career or change
their area within finance.

Masters in Finance (part-time)

22 months / Study while working full-time / London
For individuals wishing to advance their career or change
their area within finance.

Executive MBA
20 months / Study while working full-time / London or
Dubai
Designed for those who want to accelerate their career
into general management or move beyond their technical
or functional specialism.
EMBA-Global Americas and Europe
20 months / Study while working full-time / London and
New York
For dynamic, mid-career managers and professionals
who are highly ambitious and have, or aspire to have,
transnational responsibilities.
EMBA-Global Asia
20 months / Study while working full-time / Hong Kong
For dynamic, globally focused executives and managers
wishing to deepen their understanding of western and
eastern business practices.
Sloan Masters in Leadership and Strategy
12 months / Full-time / London
Designed to prepare experienced senior managers for
their next career challenge.

Executive Education
Our Executive Education portfolio comprises both open
enrolment and company-specific programmes. Open
programmes range from three days to four weeks in
length and span general management, finance, HR,
leadership, strategic marketing and strategy.
Find out more
For more information on our programmes and advice on the best solution for your professional development, visit www.london.edu/programmes or contact:
Masters Programmes
Telephone: +44 (0)20 7000 7500
Email: masters@london.edu
All admissions decisions are taken in accordance with best equal opportunities practice.

All details correct at time of publishing, September 2014.

Designed and produced by Cedar Communications Ltd.
www.cedarcom.co.uk

www.london.edu/mif

27