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Master Program: Master in Corporate Finance
Learning purpose
A special approach to business and life
This Program gives you the chance of living and studying in the heart of one of Europe's most dynamic and productive regions. This Program sets new challenges that will enable you to reach new heights and make the most of your potential. We aim to bring out your best qualities, while supporting you with universal management techniques and know-how. You will form a clearer idea of your potential career paths during the Program: cutting no corners, but not ruling out any options.
Shaping the whole you
From day one, you will be plunged into a very intensive period of work that progresses in set stages. It is demanding and somehow stressful, but you will learn the correct tools, skills, and mastery over processes. Moreover, the business world demands balanced judgement that blends leadership with respect for others, ethics and the appreciation of diversity.
Working hard and playing hard
Your work will alternate between individual study and group interaction. You will also take part in activities out of class and out of hours. Events of various kinds will bond you into the Bocconi and MCF community, offering you the opportunity to try out your skills, forging friendships and valuable contacts.
Treasury teamwork and diversity
Working day after day with others, you will verify your own ideas of management and assess the results with classmates, teachers and tutors. Even preparations for examinations become a constructive stimulus for the group: much more than simply a race to measure individual abilities. Our classes include participants from several countries and widely varied professional backgrounds: a hotbed for innovative solutions.
Full support
Professors and tutors are your core and dedicated staff every single day. They will be on hand to provide expert help and support throughout the Program. Visiting professors from Italy and from the leading Universities and Business Schools offer a broad perspective. Business consultants, company managers and entrepreneurs bring you their daily experience of managerial life: a fine blend of theory and practice.
Programme
Teaching methods
Different methodologies are used throughout the program.
Class sessions
Case study discussions in small groups as well as in class
Simulations and role-playing exercises
Visiting professors, professional and business guest speakers
In-company projects, either individual or in group
Extensive use of the top international financial databases (i.e.: Bloomberg, Datastream)
Full Schedule
You are required to focus all your time and intellectual commitment on the Program, as there is no time for any sort of part-time employment. Attendance is compulsory and you are required to maintain a high level of attention and involvement in class sessions.
You are also expected to possess and exercise a keen ability to evaluate and judge yourself, others and situations.
Learning Goals
- Theoretical financial knowledge
Students will understand financial tenets, including: the risk-return trade-off; the time value of money; cash flow vs profits; efficient capital markets; tax bias business decisions; risk and diversification.
Students will not only understand the financial concepts listed above, but will also understand their interrelationships and appropriate applications. - Practical financial knowledge and technical skills
Students will gain exposure to independent problem solving, research in a real work context.
Students will be able to synthesize the basic elements of comprehensive financial planning. This should provide knowledge of how the planning process is made operative in a variety of contexts.
Students will learn to use information technology and quantifiable skills appropriate to problem solving in a real world context.
Students will be able to use the technology available for financial applications.
- Critical thinking, analytical problem solving skills and ethical behaviour
Students will be able to analyze financial and business situations using data, knowledge of theory and logic to make recommendations for problem solving and decision making.
Students will develop the capacity to exercise good judgement.
Students will practice creative and non traditional problem solving.
Students will develop a proficiency in ethical reasoning.
Students will be able to grasp facts and concepts and apply them to solve problems, draw conclusions and recognize consequences.
Students will be able to break down or put together ideas and information to clarify relationships and produce conclusions and plans.
Programme Structure
Online Pre-courses and Pillars
To prepare to access to the MCF, three Online Pre-courses are recommended for those who do not have a strong academic foundation in Economics and Finance:
- Accounting
- Quantitative Methods
- Economics
They are designed to allow all the participants to begin the program at the required common level of understanding of the key methods and concepts that will be applied during the program. All of the three online pre-courses are strongly recommended.
A test for each pre-course is compulsory for all participants after the pre-course phase, on the first day of class, no matter whether or not they purchased the pre-courses.
Those that fail one (or more) of these tests will be required to attend the Classroom Pillars and then take the related pass/fail Pillars Exams. Those that pass the tests will not be required to take the pass/fail Pillars Exams.
Core Courses
Six courses to develop financial knowledge, models and tools. Participants must attend all courses and take compulsory exams on all 6 courses.
Financial Analysis:
Financial Statement Analysis
Financial Ratios
Ex-ante and Ex-post Cash Flows
Working Capital Management
Key Tools in Financial Programming and Planning
Financial Management:
Capital Budgeting and Investment Analysis
Cost of Equity Capital
Cost of Debt
Capital Structure
Capital Markets:
Capital Market Main Features
Issuing Equity Securities
The IPO Process
The Bond Issuing Process
Derivatives
Corporate Valuation:
Basic Principles in Valuation
Discounted Cash Flow
DDM and other Techniques
Relative Valuation Approaches
Valuation for M&As
Mergers & Acquisitions:
The Intersection of Strategy and Finance
Using M&As to Grow, Reconfigure or Harvest
Designing and Implementing M&A Deals
VC and LBOs
Corporate Restructuring
Quantitative Methods:
Statistics review
Linear Regression
Time series forecasting
What if analysis
Monte Carlo simulation
Advanced Courses
Participants must attend all courses and take compulsory exams on 8 out of 8 of the following Advanced Courses; these courses are highly focused from a professional standpoint, for this reason professionals and managers with outstanding experience and skills are responsible for some of these courses.
Real Estate Finance
The objective of this course is to introduce participants to the Real Estate market by explaining key rules, compensation mechanisms and roles of the main players.
Project Finance
This advanced course focuses on understanding the main features, advantages and limits of project finance in realizing infrastructure investment projects.
Behavioral Issues in Valuation
The course is aimed at familiarizing students with how behavioral issues may affect valuation and the potential to lead to counter-intuitive results.
Corporate Financial Policies
A practical course designed to prepare students to analyse financial policies and to “read” the behaviour of debt capital markets, both in terms of capital structure design and dividend policies.
Financial Databases
A crash course on Datastream Advance and Bloomberg designed to provide students with the ability to query and retrieve financial information, and to assess its reliability and meaning.
Economics
This course covers the macroeconomics of national and international financial markets emphasizing the current hot topics in European economic policy discussions.
Finance Function, Value Creation and Corporate Governance
A course designed to acquaint students with the function, organization and role of the Finance, Administration and Control Department and CFO in large companies and groups, and their contribution to the value creation process.
Negotiation & Leadership
The course aims to prepare students to gain effective negotiation techniques through rational and persuasive approaches and to acknowledge the key elements of leadership through simulations.
Streams and Seminars
Participants must attend all seminars and take compulsory exams on 10 out of 10 of the following Seminars.
- Asset Management for Corporates
- Equity Derivatives for Corporates
- Financial Modelling Techniques for Corporates
- Financial Performance Measurement
- Financial Sponsors & Leveraged Finance
- Global Wealth Management
- Hedge Funds
- Legal Finance
- Private Equity
- Risk Management for Corporates
On-the–Field Activities
Company Internship or Applied Research Project
As an extra service distinct from the official Courses, MCF participants will also have the opportunity to attend a Course in Italian Language.
Entry Requirements
Admissions requirements
- An average of 2/3 years of relevant professional experience
- A graduate degree
- GMAT, TOEFL scores
- Interview
Professional perspective and employment market
The MCF Internship office provides to students a wide variety of job opportunities. Every year MCF Internship office undergoes an accurate selection of companies tailored to the students' profiles.
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