Global Finance (M.Sc.)

Vorlesungssprache Englisch Studienstart Winter Dauer 4 Semester
ECTS 120 Studienform Vollzeit Abschluss Master of Science
Auslandssemester optional Praktikum integriert Campus Köln
Gebühren (Köln) 895 €* Finanzierung Mehr dazu >>
*Die angezeigten Preise verstehen sich als monatliche Gebühr. Informationen zu den Studiengebühren für Nicht-EU-Studierende finden Sie auf der allgemeinen Informationsseite zu den Studiengebühren. Stand: Januar 2020.

Studienverlaufsplan

Semester 1 Semester 2 Semester 3 Semester 4

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 & 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 & 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

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

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.

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.

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

Corporate Tax
3 ECTS

  • Different types of taxes
  • Process of taxation
  • Issues in taxation
  • Impacts of taxation
  • Nature of taxation
  • International nature of taxes
  • New developments in the field of taxes

Advanced Financial Accounting
3 ECTS

  • Revision of company accounting: Presentation of financial statements and overview of investment accounting standards
  • Business combinations: Types of business combinations, joint ventures
  • Consolidation theories and methods: Consolidation on date of acquisition, impairment
  • Consolidation subsequent to acquisition date
  • Accounting for foreign currency transactions: Hedges
  • Off-balance Sheet Financing: Recognition & Valuation

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

Portfolio Management
3 ECTS

  • Identify different categories of common stock
  • Develop a good idea for equity strategy and security selection
  • Develop skills to manage and monitor activities of asset programs
  • Identify efficiencies and savings
  • Identify how returns are generated on preferred stocks
  • Identify and apply portfolio management process
  • Identify and evaluate diversification, risk, credit risk and asset allocation
  • Understand active versus passive allocation
  • Evaluate Value at Risk (VaR) and Expected Shortfall
  • Analytical VaR Models
  • Model complex portfolios

International Economics
3 ECTS

  • The global economy
  • Globalization and income
  • Globalization and international trade
  • Trade and comparative advantage
  • David Ricardo’s theory of comparative advantage
  • Modern trade theory: Heckscher-Ohlin and imperfect competition models
  • Trade barriers and trade policy
  • Firm location, distance and transport costs
  • Firm location, distance and transport costs (multinationals)
  • Exchange rates
  • Currency crises and exchange rate policy
  • Gains from capital market integration
  • Financial crises, firms and the open economy

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).

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.

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

Fixed Income & Securities
3 ECTS

  • Fixed income instruments
  • Term structures of rates and yields
  • How are bonds traded?
  • Fixed income risk: Duration and Convexity
  • Corporate bonds: Credit risk
  • Fixed income indexes
  • Yield curve strategies
  • Interest rate scenario analysis
  • Credit strategies

Derivatives & Risk Management
3 ECTS

  • Futures and Forwards
  • Options and Swaps
  • Recent developments in OTC and Exchange-traded Derivatives
  • Overview of Market Risk Management
  • Risk measures for different asset classes
  • Portfolio Risk Measures
  • Valuation with Put-Call-Parity
  • Binomial option pricing model and the Black and Scholes model.
  • Risk measures beyond market risk
  • Single name Credit products: Bonds, CDS
  • Market implied default probabilities and correlations

Applied M&A & 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.

Skills Elective (Programming)
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.

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.

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.

Allgemeine wirtschaftswissenschaftliche Inhalte
Programmspezifische Lehrinhalte
Überfachliche Kompetenzen
Wahlbereich

In der Vorlesungsfreien Zeit zwischen dem 2. und 3. Semester absolvieren Sie ein mindestens achtwöchiges Praktikum (10 ECTS) in Deutschland oder im Ausland. Unsere Abteilung Career Services unterstützt Sie bei der Suche nach einem geeigneten Unternehmen.