IB - Financial Management (M.A.)

Study language English Intake Spring + Fall Duration 4 Semesters
ECTS 120 Type of study Full-Time Qualification Master of Arts
Semester abroad Optional Internship Integrated Campus Cologne | Mainz
Tuition (Cologne) 825 €* Tuition (Mainz) 825 €* Financing More info >>
*The displyed prices are monthly fees. For non-EU students' fees please check the tuition fees information page. Status: Jan 2020.

Study Course Plan

BUSINESS ECONOMICS
3 ECTS

  • Demand analysis & estimating demand
  • Supply and market equilibrium
  • Production economics
  • Estimating cost functions and production functions
  • Prices, output and strategy in different markets
  • Game theory models of oligopoly
  • Pricing techniques and analysis

EMPIRICAL RESEARCH METHODS
3 ECTS

  • Quantitative and qualitative methods
  • Development of a research question
  • Steps of research process
  • Methods of data collection
  • Data analysis using statistical software programs

STRATEGIC ANALYSIS AND MANAGEMENT
3 ECTS

  • Strategy making process and strategic reasoning
  • Advanced external environment analysis
  • Cultural and institutional context of strategic management
  • Corporate development and configuration
  • Strategic change and corporate restructuring
  • Strategy evaluation and strategic controls
  • Organizing for success

INNOVATION MANAGEMENT AND DIGITAL TRANSFORMATION
3 ECTS

  • Diagnosing the change context and leading the strategic change
  • Dynamics of innovation & their implications for change management
  • Individual creativity and invention
  • Creativity techniques
  • Corporate creativity & intrapreneuring
  • Innovation and technology strategies
  • Managing innovations
  • Open innovation
  • Diffusion of innovations
  • Cultural differences in innovation capability

CORPORATE SOCIAL RESPONS­IBILITY
3 ECTS

  • Theories of corporate social responsibility
  • Cornerstones of sustainable management
  • CSR as management approach
  • Practical approaches of organizational effectiveness
  • Tools for CSR implementation
  • CSR and financial performance
  • How to communicate CSR

CORPORATE GOVERNANCE
3 ECTS

  • Historical developments around the world
  • Directors and board structures in different parts of the world
  • Family business governance
  • Role of institutional investors
  • Corporate governance in mergers and acquisitions
  • Corporate governance in different regions

GLOBAL FINANCE
3 ECTS

  • Foreign exchange and eurocurrency markets
  • Managing operating exposure to currency risk
  • Foreign market entry and country risk management
  • Multinational capital structure and cost of capital
  • Real options and cross-border investment strategy

INTER­NATIONAL INVESTMENT
3 ECTS

  • World trade and international monetary system
  • Treasury management of international transactions
  • Cross border capital budgeting
  • Corporate governance and international market for corporate control

BUSINESS ENGLISH
2 ECTS

The aim of this course is to solidify the students’ existing language competencies, as independent users of English, and to enable them to apply this to their studies, focusing on educational and business domains. Since English is the medium of instruction in their respective study programmes, students are expected to reach a proficient user level in English within the first year.

FOREIGN LANGUAGE
2 ECTS

The focus of the module is on introducing language for both business and academic study purposes. The aim of the courses are to build competencies in a second foreign language (e.g. Spanish, French, Chinese) either in continuation of their prior knowledge or at a beginners’ level. If you decide for the English-Only-Track you will concentrate on deepening your English language skills.

ADVANCED INTER­CULTURAL TEAM LEADERSHIP
2 ECTS

  • Cultural theories and models
  • The influence of culture on behaviour
  • Team typologies
  • Phases of team development
  • Trust and control
  • Emergence and avoidance of conflicts
  • Leadership verses management
  • The impact of leadership behaviour on teams

INTER­NATIONAL ECONOMICS
3 ECTS

  • Globalization and income
  • Globalization and international trade
  • Trade and comparative advantage
  • Trade barriers and trade policy
  • Firm location, distance and transport costs
  • Currency crises and exchange rate policy
  • Financial crises, firms and the open economy

APPLIED MANAGEMENT ACCOUNTING
3 ECTS

  • Systems design: Job-order costing
  • Systems design: Process costing
  • Cost-volume-profit relationships
  • Variable costing
  • Activity based costing to aid decision making
  • Sustainability and ethics in accounting decision making

BUSINESS ELECTIVE
3 ECTS

By choosing Business Electives in the second and third semester you can personalize your degree course and extend your management knowledge.

The following are examples of the types of courses on offer:

  • Corporate Strategy and Renewal
  • Digital Network Economy
  • Digital Leadership
  • Portfolio Theory
  • Power Pricing
  • Finance & Growth
  • Advanced Portfolio Management
  • Branding
  • International HRM
  • Start-up Management & Business Modeling
  • Trader in Capital Markets

INTER­DISCIPLINARY ELECTIVE
3 ECTS

By choosing Interdisciplinary Electives in the second and third semester you can personalize your degree course and extend your management knowledge. The Interdisciplinary Electives usually include subjects like:

  • Chat Bot Design
  • International Competitiveness
  • Omni-Channel Commerce
  • International Trade and Emerging Markets
  • Bitcoin and the Market of Cryptocurrencies
  • Business Process Modeling
  • Design Thinking & Adobe Creative Cloud
  • SAP S/4 Hana in Controlling and Finance
  • App Development in JavaScript
  • East Asian Culture and Business
  • Cultures of Consumption
  • SPSS

EMPIRICAL ANALYTICS FOR FINANCE
3 ECTS

  • Brief review of probability theory and statistics
  • Non-linear regression functions
  • Regression with panel data
  • Regression with binary independent variable
  • Time series regression and forecasting

RISK MANAGEMENT IN GLOBAL FINANCIAL MARKETS
3 ECTS

  • Performance criteria for risk management
  • Process and framework for managing risk
  • Valuation and use of forwards
  • Marking-to-market mechanism with futures
  • Hedging currency exchange risk using derivatives

BUSINESS PROJECT
6 ECTS

The overall objective of this course is to provide students with possibility of applying their business knowledge on concrete business situation, related to the field of their specialization.

By the end of the module students should be able to:

  • Define project goals for the “client”.
  • Work under the set timeframe and agreed project scope.
  • Cooperate in the international project teams.
  • Evaluate markets/ industries/ competitive landscapes.
  • Develop possible strategic directions for the “client” business.
  • Formulate recommendations.

FOREIGN LANGUAGE
4 ECTS

The focus of the module is on introducing language for both business and academic study purposes. The aim of the courses are to build competencies in a second foreign language (e.g. Spanish, French, Chinese) either in continuation of their prior knowledge or at a beginners’ level. If you decide for the English-Only-Track you will concentrate on deepening your English language skills.

INTER­NATIONAL PROJECT MANAGEMENT
2 ECTS

  • Social competence
    (Communication, motivation, groups and team structures, leadership, conflict management)
  • Methodological competence
    (Structural aspects, time management, cost management, human resource management, creativity and problem solving)
  • Organisational competence
    (Quality management, documentation, risk management, project start and closure).

VALUE BASED MANAGEMENT
3 ECTS

  • Financial measurement of corporate strategies: the principles
  • The gap between book values and market values
  • Economic value added
  • Cash flow return on investments
  • Customer life-time value

SUSTAINABLE SUPPLY CHAIN MANAGEMENT
3 ECTS

  • Discussion of various theoretical concepts and their implications for sustainable supply chain management
  • Green marketing
  • Green procurement
  • Green logistics

BUSINESS ELECTIVE
3 ECTS

By choosing Business Electives in the second and third semester you can personalize your degree course and extend your management knowledge.

The following are examples of the types of courses on offer:

  • Corporate Strategy and Renewal
  • Digital Network Economy
  • Digital Leadership
  • Portfolio Theory
  • Power Pricing
  • Finance & Growth
  • Advanced Portfolio Management
  • Branding
  • International HRM
  • Start-up Management & Business Modeling
  • Trader in Capital Markets

 

INTER­DISCIPLINARY ELECTIVE
3 ECTS

By choosing Interdisciplinary Electives in the second and third semester you can personalize your degree course and extend your management knowledge. The Interdisciplinary Electives usually include subjects like:

  • Chat Bot Design
  • International Competitiveness
  • Omni-Channel Commerce
  • International Trade and Emerging Markets
  • Bitcoin and the Market of Cryptocurrencies
  • Business Process Modeling
  • Design Thinking & Adobe Creative Cloud
  • SAP S/4 Hana in Controlling and Finance
  • App Development in JavaScript
  • East Asian Culture and Business
  • Cultures of Consumption
  • SPSS

APPLIED M&A AND RESTRUCTURING
3 ECTS

  • Corporate strategy evaluation and development of strategic options
  • Emergent and prescriptive approaches
  • Gap closing strategies
    • Buy strategies: Mergers and Acquisitions
    • Build strategies: Strategic renewal, organic corporate development strategies
    • Ally strategies

BUSINESS SIMULATION GAME
3 ECTS

In a business simulation game participants have to manage their own virtual company which operates in the same market as other participant-operated competitors. This involves making typical management decisions in realistic environments. Beside the deepening and active examination of subject-specific knowledge the simulation games also include the team environment, where interaction, communication and prioritization are of paramount importance. Participants learn how to manage risk and uncertainty while time is limited and information constrained. Group-reflections help to take over different perspectives and to discuss pros and cons of content- as well as behavior-related actions.

MASTER THESIS TUTORIAL
2 ECTS

During the Master Thesis Tutorial you will learn the fundamentals for your Master thesis: Defining the topic as well as structuring the thesis and you will learn the theoretical knowledge for scientific working.

FOREIGN LANGUAGE
4 ECTS

The focus of the module is on introducing language for both business and academic study purposes. The aim of the courses are to build competencies in a second foreign language (e.g. Spanish, French, Chinese) either in continuation of their prior knowledge or at a beginners’ level. If you decide for the English-Only-Track you will concentrate on deepening your English language skills.

SKILLS ELECTIVE
2 ECTS

In the Soft Skills Courses you will improve your social, leadership and project management skills. Additionally to the courses in the first and second semester you can choose another one in the third semester. Decide for yourself which of your personal competences you want to push forward.

MASTER THESIS
24 ECTS

During your 4th semester you are working on your Master thesis. You have 19 weeks to complete your thesis and the subject is freely selectable. A supervisor from CBS will support you and you can write the thesis in collaboration with a company as well. Or you can write your thesis in connection with a stay abroad.

general business teaching units
programme specific teaching units
interdisciplinary competencies
elective area

A national or international internship – with a minimum duration of 8 weeks – is a mandatory part of the study programme. It is scheduled for the semester break from June till August. Our Career Services department will help you find a suitable company.

Kristina Behr

+49 (0) 221 931809-31

Alexa Pfeiffer

+49 (0) 6131 88055-31

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Finance Master as a Specialization in International Business Studies

Finance is the backbone of the economy of every country and every company. This is where you see your future. You have discovered your talent for finance and are now ready for the next step: a four-semester master’s degree programme with a focus on Finance at CBS International Business School qualifies you for higher management tasks in international corporations. Here you acquire the skills that employers are looking for: along with outstanding expertise, this especially means being highly motivated, multilingual, and capable of leadership, integration and teamwork.

Specialize on Finance in you Master’s

Financial Management is a specialisation within the English-language Master’s programme International Business. In addition to special finance seminars and courses, this includes everything from a modern Master’s in Business Administration – from business economics to corporate governance to value based management and sustainable supply chain management. Elective subjects offer you the possibility to set your own priorities.

Ready for mergers & acquisitions

Mergers & acquisitions are an essential means for growing or opening up new markets, especially in an international business environment. Here, your analytical skills are needed when going through the books of an interesting candidate for takeover. In the first semester, you will deepen your knowledge about empirical methods, the second semester will be about empirical finance and in the third semester, you will get to the bottom of the success factors underpinning mergers, acquisitions and restructuring.

Finance expertise on an international level

Weigh up opportunities and risks by utilizing analyses and financial design models to find potential for optimization – your future knowledge shall determine the success of your company. In the first semester, you will begin with the subjects Global Finance and International Investment. In the second semester, you will be dealing with risk management and the many influencing factors in transnational business, taking into account the challenges of the international financial markets such as exchange rates, parities and trade restrictions.

Experience practically the real thing

In order to be able to best apply your knowledge after graduation, the practical reference during your studies at CBS provides a unique advantage and not only thanks to the subjects of instruction and lecturers from the private enterprise sector. A business project, a business simulation game and an eight-week internship at a company in Germany or abroad prepare you for a career in the real world. Your excellent English skills will be of great importance for your future career, which you will improve thanks to English being the study language – reinforced by additional language courses. A second foreign language is also part of the curriculum. For many of our students, the practical relevance is also of interest when composing their Master’s thesis. This is because the work you write in the fourth semester is often written within the framework of a company project. Alternatively, you have the opportunity to write your thesis as part of a semester abroad.

Prerequisite for your Master’s degree in Finance

You must have successfully completed a first degree in Business Administration (e.g. a Bachelor’s degree in International Business at CBS) and be completely fluent in English. We also recommend sound basic knowledge in the subjects finance and accounting.

Career opportunities worldwide

Your Master’s degree in Finance from one of Germany’s most prestigious business schools offers you the opportunity to take up professional and managerial positions at home or abroad, in small and medium-sized organisations or with multinational corporations, investment banks, insurance companies or financial advisory firms. The Master’s degree also allows you to continue your academic career, including a doctorate.

Count on our advice

Master? Finance! We are happy to support you in choosing and planning your studies. Take advantage of our info evenings, study information days, a personal study consultation or visit a trial lecture.

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