Slides MSc Finance April 7 2016

Master in Finance

Program director: M. Fabiana Penas

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Welcome!

Master in Finance at Tilburg University

Advanced program in Investments and Corporate Finance

One of Tilburg’s most International Programs Listed in FT Top-45 pre-experience Master in Finance

programs. CFA – accredited Embedded within one of Europe’s best finance

departments Very good student evaluations

Profile of the program

Challenging and Relevant

• Taught by both academics and practitioners in

finance• Mix between theory and practice• Focus on recent developments in the field• Several guest lectures by key players of the

financial industry.

Profile of the program

Intensive We have worked hard to make this an excellent master

program -> we expect the same from you!

Many assignments Case studies to prepare Challenging material Very strict deadlines

Be aware that a master year is more intensive than a bachelor year -> consider scaling down extracurricular activities.

Program Structure

3 compulsory (core) courses: Investment Analysis Advanced Corporate Finance Empirical Methods in Finance

4 electives

Master Thesis

Calendar

Thesis /Internship

Sept.

Core course(Inv. Ana.)

Elective

Elective

Thesis

Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July

ElectiveCore course(ACF)

Core CourseEmpirical Methods in Finance

Elective

Notes:

• You need to finish your bachelor before you can start your master.

Layout of study program (First semester)Block 1: 2.5 core courses

• Advanced Corporate Finance• Investment Analysis• Empirical Methods in Finance (topics in CF/IA) (semester

course)Block 2: 0.5 core course + 2 elective courses

• Empirical Methods in Finance (topics in CF/IA) (semester course)

• Global Banking• Corporate Governance and Restructuring• Corporate Valuation• Financial Statement Analysis• The Economics and Finance of Pensions (semester course)• Derivative Securities and Risk Management

Layout of study program (Second semester)

Block 3: 2 elective courses• Fixed Income Analysis• Applied Corporate Finance• Corporate Financial Reporting• Financial Analysis and Investor Behavior• Entrepreneurial Finance• Seminar Financial Economics

Block 4:• Master thesis

• For detailed information on the content of the courses, visit: http://mystudy.uvt.nl/it10.home?taal=n

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Chartered Financial Analyst (CFA) track

The Chartered Financial Analyst (CFA) designation required

The Chartered Financial Analyst (CFA) designation strongly preferred

CFA is a plus

Three exams + 4 years of experience

Charterholder employment by title

CFA track

Master in Finance at Tilburg University is a Chartered Financial Analyst (CFA) partner program

Provides Excellent preparation for CFA level 1 exam

CFA track (First semester)Block 1: 2.5 core courses

• Advanced Corporate Finance• Investment Analysis• Empirical Methods in Finance (semester)

Block 2: 1.5 core courses + 1 elective course (out of 2)• Empirical Methods in Finance (semester course)• Financial Statement Analysis

• Corporate Governance and Restructuring• Derivative Securities and Risk Management

CFA track (Second semester)

Block 3: 2 elective courses (out of 3)• Fixed Income Analysis• Applied Corporate Finance• Financial Analysis and Investor Behavior

Block 4:• Master thesis

• For detailed information on the content of the courses, visit: http://mystudy.uvt.nl/it10.home?taal=n

Netspar trackNetwork for Studies on Pensions, Aging and Retirement- Promotes a better understanding of the economic and social

implications of pensions, aging and retirement

In 2003 Dutch top-economist top Lans Bovenberg won the Spinoza prize for Economics (‘the Dutch Nobel prize’).

With this prize he founded Netspar in 2004 together with Theo Nijman

Strong network,connecting pension practice and science

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UniversitiesPension industry Public sector

Netspar trackSemester 1 (Block 1 and Block 2)

• Advanced Corporate Finance• Investment Analysis• Empirical Methods in Finance• The Economics and Finance of Pensions• 1 free elective

Semester 2 (Block 3 and Block 4)• Financial Analysis and Investor Behavior• Fixed Income Analysis• Master thesis (many written during internship at Netspar

partner organization).

What Netspar offers you:

• Internship program with Netspar’s partners (real life case)

• Access to Netspar Network

• Netspar Thesis Awards

• Netspar certificate with your Master diploma

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Master thesis

Independent piece of academic work• Review of literature and own problem analysis,

nearly always involving some own empirical analysis.

• Ideal path:• Finished research proposal and allocated supervisor by mid-

March• Finished thesis + defense by end of summer (but 1 December

at the latest)

• Possibly with an internship (facilitated by the fact that there are no courses in 4th block!)

Topics of recent Master thesis

• Company performance after a management buyout

• No profit, big bonus: CEO remuneration in the current crisis.

• Is there a link between executive cash compensation and firm performance?

• What drives the correlation between stock and bond returns?

• The diversification benefits of investing in emerging markets

Information pages Web-lectures (extra teaching material to provide you with extra skills) Statistical software Writing skills

Simulation games (to make you familiar with actual practice) Bank manager

Workshop Introduction to Bloomberg Data available How it is used by fund managers and traders

Innovations

Information pages Seminars on hot topics in Finance Companies in-house days Career Preparation

• Session on Personal Branding Career Days in Tilburg

• Recruitment event with the participation of many potential employers

Extra curricular activities (to help your career choice)

Companies recruiting from our program• Financial Services

• Consulting firms

• Manufacturing / Food / Transport

ABN Amro; Ahold/Albert Heijn; Allied Bank; Arag rechtsbijstand; Argos North Sea Group; Asrock b.v.; Bank of China; Cardano; Control Finance; Deloitte accountants b.v.; Douwe Egberts; Eneco; Ernst & Young llp; Grupo Diarq; Kas Bank; KPMG management services; Mammoet; Mars; Mido Dairy Production co.ltd; Orchard Finance; Ostc; Perfetti van melle; Pricewaterhousecoopers; Rabobank; RTL Nederland; Scholengroep Rijk van Nijmegen; SNS Reaal; SPF beheer; Unilever; Vion Food Group….

Alumni

Program director: M. Fabiana Penasm.penas@tilburguniversity.edu

Program coordinator: Linda van der Tuijnl.vdrtuijn@tilburguniversity.edu

Questions concerning:- Admission to the program- Set-up of the Master program- Other practical matters

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Questions?

Questions?

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Master’s fairCome to the Master’s fair (in Academia building) and get in contact with career services, students, study advisors and program coordinators!

Master’s fair from 19.00h till 21.00h

Student Career Center & TiSEM Career Services

Your career starts now!

We can help you with:Study/Master choices, Career orientation,Career & Application skills

We offer:• Walk-in consultation for CV & letter of application• Workshops (for example Talent management, LinkedIn)• Individual support• Career Mentor Program & Career Portal

More information:tilburguniversity.edu/studentcareercenter

Visit us now: On the Master’s Fair from 19.00h to 21.00h in the Academia Building

For all students:• Enroll via Studielink

Non TiSEM students who want to enroll in a (Pre-)Master also need to:• Submit an application for admission

For more information go to:www.tilburguniversity.edu/education/masters-programmes/admissionprocedure/

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Admission & Application

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