LBS MiF 2010

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Masters in Finance

The ultimate qualificationfor finance professionals

Speak to our Client Services Team on +44 (0)20 7000 75752

With all areas of finance becoming more sophisticated, financial expertise and knowledge is fundamental to the success of organisations. Finance professionals need to consistently develop their understanding of advanced techniques to confidently respond to change.

We believe our Masters in Finance is a truly unique programme. Taught by world-renowned faculty, it delivers both breadth and depth of current financial developments and will provide the technical expertise and essential skills to fast-track your career in finance.

In today’s turbulent markets, it is now more important than ever to have the right skills and advanced knowledge of the latest research and financial thinking.

The finance programmes at London Business School have an outstanding international reputation and are delivered by one of the largest concentrations of finance faculty worldwide. Our research and teaching regularly receives the Higher Education Funding Council’s highest rating, indicating a standard of international excellence.

The Masters in Finance at London Business School is designed to help students enhance their managerial effectiveness within the field of finance.

It aims to achieve this by developing a solid foundation in financial economics, asset pricing and capital markets, financial analysis and corporate finance. Drawing on this foundation, you will then move through the programme and specialise in the areas that you choose. We offer a wide range of electives that cover the fundamental streams of finance such as corporate finance, private equity or asset management.

As London Business School is located in one of the liveliest centres of finance, our students have access to a broad range of partnerships, projects, recruiters and career opportunities. The School’s uniquely close links with the world’s leading business and global financial institutions mean that there is no better place in the world for a Masters in Finance programme.

Realise your potential. Join us and let us help you to accelerate your career.

Sabine VinckAssociate Dean

FAST-TRACK YOUR CAREER IN FINANCE AT LONDON BUSINESS SCHOOL

www.london.edu/mif/ 3

The ultimate environment to study finance

Study at one of the world’s top business schoolsLondon Business School is consistently ranked among the top ten business schools in the world – testament to the rigorous and innovative nature of our programmes, the quality of the research of our faculty and the strong relationships we have with the business community.

Learn from world-class finance facultyOur finance faculty is recognised as one of the pre-eminent groups of finance academics in the world. Many are consultants to financial institutions, corporations and government agencies. Their research is regularly published in major finance journals and is relied upon by both academic and business communities. Their extensive industry experience, combined with their independence, allow them to hold strong and sometimes controversial views. Students find this invaluable.

London: The world’s leading financial centreAttending the programme will place you in the heart of a global financial powerhouse, London, where up to £3.8 trillion in funds are managed; 43% of the world’s derivative turnover is generated and three-quarters of the top 500 global companies have offices.

Our proximity to the City enables our faculty to be attuned to ongoing developments in the business world and to share their learnings, views and thinking with students.

Gain insights from a truly international communityLondon Business School stands out in the global market for its international and multicultural profile. Our students and executive students hail from over 130 countries and our faculty includes 98 leading scholars drawn from more than 20 countries. The result is a dynamic classroom experience that stimulates and benefits everyone.

“The access to professionals working in the city and to financial institutions has been a real highlight and I don’t think I would have experienced the same level of this if I had been based outside of London.”Amit RamchandaniAssociate Director Standard Chartered Bank Singapore MiFFT2009


WHY A LONDONBUSINESS SCHOOL MASTERS IN FINANCE?

Top finance jobs demand a sharp decision-maker; someone able to grasp the finer details as well as their significance in the bigger picture. At London Business School, our Masters in Finance programme focuses on rigorous academia coupled with real-world relevance and practical application so that you can excel in the workplace.

Flexible customised learning is a key element of the Masters in Finance programme. Our rigorous curriculum is broad but specific, with an extensive range of electives to choose from. You can tailor the programme to your needs, with a concentration in investments, quantitative finance or corporate finance to help propel your career.

Our graduates have excellent links to an extensive network of over 30,000 London Business School alumni worldwide, giving them exceptional corporate connections. In fact, School alumni are working in companies in Europe, Asia and the Americas.

More than 25 world-class finance faculty members bring cutting edge finance research to the programme, backed by real experience and a willingness to share their knowledge. An open and interactive environment provides the opportunity to engage with these top finance minds.

The London advantage is a powerful one. Our location in the most thriving financial centre provides access to recruiters from international banks and top finance companies, many of whom regularly visit our campus. This proximity also allows faculty members to stay attuned to ongoing developments in the business world and attract leading industry guest speakers to share their learnings, views and thinking with students.

A stimulating class dynamic is essential to the Masters in Finance. Working alongside people from around 35 different countries gives you global capabilities and the skills required to do business anywhere in the world. We ensure that all our students are like-minded peers with a similar breadth of professional experience, so as to match you in study groups and push you to perform at the top of your game.

The Masters in Finance is a recognised CFA Program Partner. The programme equips you with a lifelong financial toolkit – everything you need to make sound financial decisions. It is academically rigorous yet closely aligned with professional practice, and designed to get the best out of you and your peers.

Further details about the CFA Program Partner initiative can be found on the CFA Institute website at www.cfainstitute.org/aboutus/faq/index.html

“I just had it in mind that I should do the programme in the best place possible.”Neeraj GroverAssociate Morgan StanleyUKMiFPT2010


Student clubsInvolvement in the School community and in our student-led clubs isincredibly valuable when it comes to increasing your knowledge andskills set and expanding your networks. London Business School hasover 70 active student clubs covering social and sports, as well asregional and professional interests. An array of events and activitiesare organised by these clubs, many of which help students move intotheir desired industry and career.

Here is a selection of some of our professional clubs and their activities:

The Finance ClubThe Finance Club prepares students for the financial services sectorby using a three-pronged approach: 1) industry education, teachingstudents about the wide array of career paths in the financial servicessector; 2) technical skills development through workshops and casestudies; 3) networking/recruitment opportunities via speaker series;CV workshops and interview training. The club also organises a widevariety of activities to achieve its objectives, including speaker events,job treks to international locations and social events.

Investment Management ClubThe Investment Management Club aspires to raise the School’sprofile within the asset management and hedge fund community byorganising various events and competitions, and connect studentswith recruiters in these fields. The club also manages the StudentInvestment Fund, which provides students with the opportunity tomanage a portfolio of US$200,000 of donated funds. This furthereducates students about equity valuation and exposes them to theinvestment process and workings of an actual investment fund.

Private Equity ClubOne of the most active premier business school private equity clubs inthe world with over 600 members, the club aims to develop members’understanding of the global and domestic private equity industries aswell as providing opportunities to interact with industry professionals.As well as putting together a full programme of visiting speakers, theclub also organises the annual Private Equity Conference.

Learn more about student clubs - www.london.edu/studentclubs/

252 foreign banks

£3.8 trillion in funds managed

43% of the world’s derivative turnover

34% of global foreign exchange market

95% of the world’s metal trading

300+ languages spoken

75% of the top 500 globalcompanies have London offices

City of London – a global financial powerhouse

“One of the things I love aboutLondon Business School is that thereare so many professional clubs andalso there are a lot of conferencesorganised. I’m always really impressedby the great speakers they get in.”Sylvia LuAccount OfficerBank of Tokyo-Mitsubishi UFJTaiwanMiFFT2009


The programme is designed for individuals with exposure to financein a current or previous role, who now wish to advance their careeror change their area within finance by deepening their financialknowledge. Students come from a rich diversity of industries,responsibilities, backgrounds and nationalities, bringing a wealthof experience to the programme. All have a high level of intellectualability, the capacity for hard work and the motivation to take on ademanding and challenging commitment.

Masters in Finance or MBA?The Masters in Finance is a specialist programme designed forindividuals wishing to advance their career in finance, or change theirrole within the finance area, as well as those who have exposure tofinance in a current or previous role who now wish to deepen theirfinancial knowledge.

The School’s general management programmes (MBA, ExecutiveMBA or Sloan Masters in Leadership and Strategy), are moreappropriate for those individuals with a strong interest in a generalmanagement career, and in subjects such as organisational behaviour,operations management and marketing. The general managementprogrammes are a good fit for individuals without prior financeexperience who are planning to effect a career change into finance.

Current class profileTo gain further insight into the backgrounds of our Masters in Financestudents, please see the statistical data below. It indicates studentnationalities and occupation prior to completing the programme.

IS THE MASTERS IN FINANCERIGHT FOR ME?

The objective of the Masters in Finance programme is to help individuals, and hencethe organisations which employ them, to enhance their managerial effectiveness withinthe field of finance – providing students with a strong foundation in the principles andpractice of finance and furnishing them with analytical tools and new skills to form asound basis for financial decision-making.

Finance ProfessionalConsisting of occupations such

as Investment Banker, Trader,

Finance Manager and Fund Manager

Other ProfessionalConsisting of occupations such

as Consultant, Project Manager,

Product Manager and Strategist

ManagementConsisting of occupations such

as Manager and General Manager

AnalystConsisting of occupations such

as Analyst, Business Analyst and

Business Developer

56%

21%

15%

8%

40%

23%

19%

18%

Occupations Full-timestudents

Weekendstudents


Nationalities –full-time students

46% Asia

18% Europe (excluding UK)

11% USA & Canada

14% Central & South America

8% UK

3% Australasia

Nationalities –weekend students


22% UK

28% Asia

11% USA & Canada

7% Central & South America

5% Australasia

1% Africa


STUDENT PROFILES

Name: Jesse McDougall, Masters in Finance 2005 (Full-time)

Nationality: Canadian

Job title: Portfolio Manager

Organisation: Barclays Capital

Career: Before embarking on the Masters in Finance programme, Jesse worked as an investment banking analyst in Canada and in London. Jesse was recruited by Barclays Capital and works in a team running hedge fund strategies on a proprietary basis.

When choosing a course, I looked at MBAs, but I did a management undergraduate degree, so I wanted a quantitative finance degree. London Business School’s excellent brand, the job opportunities that come out of it, and the fact that I wanted to be London-based were all reasons for my choice, and in addition, some former colleagues in Canada had attended the School, and all were very positive about it.

I worked as an investment banking analyst, looking at M&A activities from an advisory basis. My goal entering the programme was to stay in finance but change from an advisory role to trading – and it worked perfectly for me. The course gives you the choice – a certain proportion is required study, and the rest is chosen electives, enabling you to express and develop the direction you want to take.

I took the opportunity to give up my job for ten months with no hesitation at all. I was very confident that the payback from London Business School would be more than sufficient. Financially I have no regrets, and I made precisely the switch I intended to make. I wanted to stay in London too, and the Masters in Finance facilitated that.

The course was excellent, far beyond my expectations. The speed and content were sufficiently challenging, starting at a high level, with an assumed knowledge base. As a result, it was fast paced, but not unmanageable. The content was up-to-date with what’s happening in the markets; for example hedge funds, trends and accounting. The professors were excellent too, stars in their field. It was a very positive experience.

We had 125 students on the course, so we formed a lot of relationships. You gain a fantastic network globally.

At work I’m much more likely to look at a CV from someone with a London Business School qualification, because I know the quality behind it. One of the contrasts between a US university and London Business School is the international attendance. I learnt a lot about different cultures, and I now have a new cultural perspective both professionally and socially. A network of colleagues and friends like this is unique.

This programme is for people who have a solid finance background but want to shift forward in their careers. It’s a fantastic booster and enables a finance career change like no other.


Name: Nicolas Burdett, Masters in Finance 2010 (Part-time)

Nationality: Spanish

Job title: Vice President

Organisation: Hydra Capital Management

Career: Nicolas graduated from Lincoln College, Oxford with an MA in languages, beginning his career at CNBC Business News as a news co-ordinator and interviewer. After three years, he made the transition from broadcast financial journalism to boutique investment management in the field of Emerging Markets fixed income. It was after three years in this field that he enrolled on the Masters in Finance programme in 2008.

I graduated in languages, so I have no formal training in finance. After three years with Hydra Capital Management, I felt ready to take on a programme of this intensity, because I thought it would be beneficial to measure quantitatively my understanding of finance, as opposed to the qualitative measure I get in practice.

I decided to study part-time because the opportunity costs of giving up my salary and bonus were too high, and in fact my fees are paid for by my company – I’m very lucky with that. It‘s also much easier to look for a job when one is already employed – part-time is certainly a better offering in that respect, because it allows you to carry on earning while you’re learning. The other great benefit of part-time study is that you can apply some of the skills you’re learning immediately, on the job.

London Business School is the strongest brand name out there. The beauty of it is that candidates have to have a minimum of two years of financial experience, so there is no question of ending up in a class of people without a clue. Being in London is another massive advantage, because it’s a financial powerhouse, very international, very innovative in terms of financial products and structures – London is the place, and, as a European, for me it’s closer to home.

I think that the introduction of the new weekend format has benefits. You will be able to get your teeth into the content much more if you’re dedicating the weekend to it, and you still keep one in two weekends free. The intense block of study will allow you to focus, rather than just a couple of hours here and there. I feel it will make for a better mix of participants, because people will be able to come from further afield rather than just London.

The programme is very positive and enriching and it opens your eyes to other possibilities. I’ve never really tested myself in accountancy before, but now I know I can do this as part of being a Private Equity analyst, or for my own company, I’m looking at those possibilities, because I’ve got new-found competencies.


The programme aims to achieve this by providing a very thoroughgrounding in the principles and practice of finance including financialeconomics, asset pricing and capital markets, financial analysis andcorporate finance.

The programme is practical and career-orientated, while maintaininghigh standards of rigour and scholarship. It provides new skills,analytical tools and perspectives, which provide a sound basis forfinancial management and decision making.

The Masters in Finance programme consists of 10-12 units: threecompulsory core courses, a personal assessment and developmentprogramme, a project and six to eight elective courses. Students havethe option to complete the programme in either 10 months full-time or22 months in a weekend format (mostly alternate weekends).

The specialist Masters in Finance is designed to assist studentsenhance their managerial effectiveness within the field of finance.

For individuals willing and able to takea break in their career to study

Programme runs for 10 monthsfrom late August to June

High concentration of internationalstudents who move to London for theprogramme

12 contact hours on campus per week

Full-time format

For individuals who wish to study whilecontinuing to be fully employed

Programme runs for 22 monthsfrom September to June

Students attend class every otherweekend during the first year

Mostly consecutive Fridays andSaturdays of alternate weeks

Weekend format

Financial Accounting and Analysis

Investments

Corporate Finance

Personal Assessmentand Development Programme

Core courses

Compulsory: one course unit

Case-based project

PROGRAMMEOVERVIEW

“The Masters in Finance opened the door for a career in Europe,and gave me the skills needed to succeed in a technically complexarea of investment banking. Being given my current role was a directresult of my ability to use the skills developed in the Masters In Finance.”Mark DaltonExecutive DirectorGlobal Capital Markets - Convertibles and Equity DerivativesUBS Investment BankUKMiFFT2001


Elective coursesStudents select between six and eight electives from a portfolio of over 30 courses. The elective courses build on the solid foundations established by the core courses and allow students to focus on areas of particular interest and relevance to their current job or future career.

The following elective courses are listed alphabetically by title and illustrate the number and range of electives offered, although the list may vary slightly from year to year.

Advanced Corporate Finance

Advanced Financial Statement Analysis

Behavioural Finance

Credit Risk

Emerging Markets

Energy: Markets, Models and Strategies

Equity Investment Management

European Financial Markets

Financial Analysis of Mergers, Acquisitions and other Corporate Restructurings

Financial Engineering and Risk Management

Financing the Entrepreneurial Business

Fixed Income Securities

Global Capital Markets and Currencies

Hedge Funds

International Finance

Investment Management Programme

Managing Corporate Turnarounds

Mergers, MBOs and other Corporate Reorganisations

Options and Futures

Private Equity and Venture Capital

Project Finance

Real Estate Finance

Securities Analysis and Financial Modelling

Strategic Performance Management

Strategy for Master in Finance students

Sustainability: Implications of Environmental and Demographic Change

Time Series Analysis, Market Models and Forecast

Topics in Asset Management

Trading and Financial Market Structure

Understanding the International Macro-economy

World Economy: Problems and Prospects

For full descriptions and details of the electives go to www.london.edu/mif/electives/

ConcentrationsSome students choose to specialise in a particular area of finance and achieve this through choosing an appropriate cluster of electives, and reinforcing this through an individual project that helps them explore their chosen area in even greater depth.

Concentrations in corporate finance, investments and quantitative finance are awarded to students who complete at least three electives in the chosen field, achieving at least an A grade for one elective and a B grade for the other two electives. For each concentration there is a practical module taught by a leading practitioner.


FULL-TIMEFORMAT

Graduate in 10 monthsThe full-time format starts in late August and is designed for individuals who are able totake a break in their career to complete the programme. Full-time students must haveprior work experience in a finance-related area.

Students will normally complete the programme in 10 months. In thefirst term, students complete the three core courses. Terms two andthree are comprised of the six to eight electives, which are split evenlyacross the terms.

For those full-time students wishing to achieve a concentration,practical modules are also conducted in terms two and three. Workon the team project starts early in term two. The project must becompleted by May.

Your typical scheduleA typical week in the full-time programme will consist of approximately12 contact teaching hours. In addition, you will need to spend at least30 hours a week studying on your own or as a part of a study group.Most students actually choose to put in even more time than this.

07.00 Get up and head to theSchool’s fitness centrefor an early morningworkout

08.15 Core course lectureCorporate Financecommences

11.00 Mid-morning coffeebreak and the chanceto check emailsand chat with fellowstudents

12.00 Study group to prepareanswers to a jointvaluation assignment

13.00 Lunch with fellowstudents

14.00 Prepare assignment forFinancial Accounting& Analysis core courseclass

15.45 Investments corecourse lecturecommences

18.30 Finance club workshop

20:00 Impromptu dinneron Baker Street withfellow students beforeheading home

Investments

Corporate Finance

Financial Accounting and Analysis

Personal Assessment andDevelopment Programme

Term One: Late August - December

1st elective course

2nd elective course

3rd elective course

Additional elective course (optional)

Team project

Practical module, for thosechoosing to specialise

Term Two: January - March

4th elective course

5th elective course

6th elective course

Additional elective course (optional)

Team project

Practical module, for thosechoosing to specialise

Term Three: April - June

A typical day as a full-time Masters in Finance student:


WEEKENDFORMAT

Graduate in 22 monthsThe weekend format starts in mid September and is designed for individuals who wish tocomplete their degree while continuing to be fully employed. During Year One studentsattend class on consecutive Friday evenings and Saturdays of alternate weeks.

The programme is designed to be completed in 22 months of mainlyweekend study. The pace is rapid, and sessions follow a buildingblock approach, with each lecture building on material covered earlier.

In their first academic year, students take all three core courses byattending consecutive Friday evenings and Saturdays of alternateweeks. Students begin work on their project at the end of Year Onewith the final submission date in early May of Year Two.

In the second academic year, students complete the remaining degreerequirements by taking between six and eight electives from a choiceof over 30.

Electives are scheduled in a variety of formats including weekend,daytime, evening and block week classes. The block week formatrequires daytime attendance from Monday to Friday for one week. Oneof the benefits of our elective portfolio is that classes are shared by allof our degree programme students. Studying alongside students fromother London Business School programmes both broadens your learningenvironment and allows you to build networks across the School.

Friday evening:

18:30 Arrive at School intime to get a coffeebefore lecture

18:45 Core course tutorialbegins

20:15 End of the day

Saturday:

08:15 Core course lectureCorporate Financecommences

11:00 Study Group

12:00 Lunch with fellowstudents in thedining hall

12:45 Core course lectureCorporate Financecontinues

15:30 Class ends

Your typical scheduleThe weekend format is designed for people who wish to remain inwork. While the combination of work and study provides a majorbenefit as students can make clear connections between coursesand their jobs, it will also pose a major challenge to balance therequirements of work, study and private life.

Attendance at the School and studying in your own time is essentialto completing and deriving maximum benefit from the programme.

You will need about twice as much time for private study as the timeyou spend at the School.

A typical Friday evening and Saturday during the first year:


WORLD-CLASS FACULTY

London Business School has an international reputation and orientation as well as one of the largest concentrations of finance faculty worldwide. Its research and teaching regularly receives the UK Higher Education Funding Council’s highest rating, indicating a standard of international excellence.

Faculty Profiles

Raman UppalProfessor of Finance and Chair of Finance Faculty

Raman holds a bachelors degree in Economics from St. Stephens College, Delhi University, and M.A., M.B.A and Ph.D. degrees from The Wharton School of the University of Pennsylvania.

Raman’s research focuses on optimal portfolio selection and asset allocation in dynamic environments, valuation of securities in capital markets, risk management, and exchange rates. This research has been published in the Journal of Finance, Review of Financial Studies, Journal of Economic Theory, Journal of Financial and Quantitative Analysis, and Journal of International Money and Finance.

Narayan Naik Professor of Finance and Director of BNP Paribas Hedge Fund Centre

BTech (IIT, Bombay) MBA (IIM, Ahmedabad) PhD (Duke)

Narayan’s research interests include performance measurement, portfolio selection, risk management and market microstructure, and he has published a significant body of work in these areas in top academic and practitioner journals. Narayan’s research paper, co-authored with Professor William Fung, in the Journal of Finance, is the foundation on which the JP Morgan Alternative Beta Reference (JPM ABR) Index is based.

Narayan is also a consultant to the World Bank and several private corporations and investment banks.

Stephen SchaeferProfessor of Finance

MA (Cambridge) PhD (London)

Stephen is the author of over 30 published books and papers in the field of finance. His research interests include: derivative instruments, options/futures/forwards/swaps, investment management, asset pricing theory, portfolio selection, capital markets, market regulation, interest rates and term structure.

Stephen is currently Non-Executive Director at Leo Fund Managers and a member of Moody’s Advisory and Academic Research Committee.

“The students are exceptionally bright and highly motivated. They provide a unique challenge and opportunity to demonstrate how academic research can be applied to financial management”Raman UppalProfessor of Finance and Chair of Finance Faculty


Finance FacultySuleyman BasakBSc (London) MS PhD (Carnegie Mellon)Professor of Finance

Joao CoccoBA (Portuguese Catholic University,Lisbon) MA PhD (Harvard)Associate Professor of Finance

Francesca CornelliBA (Bocconi) PhD (Harvard)Professor of Finance

James DowMA (Cambridge) PhD (Princeton)Professor of Finance

Vito D GalaBA (Bocconi) PhD (Chicago)Assistant Professor of Finance

Eli AmirBA (Tel Aviv) MSc PhD (UniversityCalifornia, Berkeley)Professor of Accounting

Mikhail ChernovBS MS (Moscow State University) PhD(Pennsylvania State University)Associate Professor of Finance

Ian CooperMA (Cambridge) MBA(North Carolina)Professor of Finance

Elroy DimsonBA (Newcastle) MCom (Birmingham)PhD (London)BGI Professor of InvestmentManagement

Julian FranksBA (Sheffield) MBA (Columbia)PhD (London)Professor of Finance

Francisco GomesBA (Universidade Nova de Lisboa)MA PhD (Harvard)Associate Professor of Finance

Christopher HennessyBA (Swarthmore) MA PhD (Princeton)Professor of Finance

Chris HigsonBA MSc PhD (London)Professor of Accounting

Samuli KnupferBS MSc PhD (Helsinki Schoolof Economics)Assistant Professor of Finance

Narayan NaikBTech (IIT, Bombay) MBA(IIM, Ahmedabad) PhD (Duke)Professor of Finance

Stephen SchaeferMA (Cambridge) PhD (London)Professor of Finance

Brandon JulioBA (Brigham) MS (South Carolina)PhD (Illinois)Assistant Professor of Finance

Gilad LivneBA (Tel Aviv) MSc PhD (UC BerkeleyAssistant Professor of Accounting

Igor MarkarovMS (Moscow State University) MA (NewEconomic School, Moscow) PhD (MIT)Assistant Professor of Finance

Anna PavlovaMS (Moscow State University)MA (New Economic School, Moscow)PhD (Pennsylvania)Assistant Professor of Finance

Henri ServaesBSc (European University) MSIA PhD (Purdue) Professor of Finance

Irem TunaBSc (Middle East TechnicalUniversity) MAS (Illinois)PhD (Michigan)Associate Professor of Accounting

Eli TalmorBSc (Technion) PhD (North Carolina atChapel Hill)Professor of Accounting

Vikrant VigBS (Delhi) MS MBA MiF (Illinois)PhD (Columbia)Assistant Professor of Finance

Raman UppalBA (St Stephen’s College, Delhi)MA MBA PhD (Wharton)Professor of Finance

Paolo VolpinBA (Bocconi) MA PhD (Harvard)Associate Professor of Finance

Emiritus FacultyRichard BrealeyMA (Oxford)Emiritus Professor of Finance

Paul MarshBSc PhD (London)Emiritus Professor of Finance

Visiting FacultyMagnus DahlquistPhD Institute for InternationalEconomic Studies, StockholmUniversityVisiting Professor of Finance

Sergey SanzharPhD (London)Visiting Assistant Professor of Finance

For all our faculty profiles please visit www.london.edu/facultyprofiles/


CAREER IMPACT

London Business School’s Career Services promotes the benefits of recruiting from one of the largest and best pools of talent in the world and assists recruiters in meeting their employment needs.

Career Services works in partnership with potential employers to identify and attract candidates who are the best match for their job opportunities. The aim is to maximise opportunities and to work with our graduates to help them to secure roles that match their qualifications and career aspirations.

Career Services also aims to equip students with the necessary tools to succeed in their career journey, at London Business School and beyond. Career Services Training and Development programme provides students with a strong foundation in the critical career skills that will enable them to gain a competitive advantage, stand out to recruiters and achieve their next job.

What will you learn?Gain clarity on your career goals

Develop a strategy to achieve these goals

Understand what roles and jobs best suit your strengths, interests and personality

Identify gaps in your skill set

Build personal relationships effectively for your career success

Prepare a CV and cover letter that will make you stand out

Learn and practice winning interview techniques

The school has an outstanding international reputation in the finance field, and strong links with financial institutions. Graduates from the Masters in Finance are represented in every functional area of finance and in a wide variety of firms, including financial services, consulting, industry and the public sector.

Potential recruiters can view our current full-time Masters in Finance students’ CVs on Career Central – our online recruitment system – via our website www.london.edu/recruiters/

Career Central allows recruiters the opportunity to identify and connect with our top talent as well as the flexibility to generate bespoke CV books in PDF or Excel format free of charge.

For further information, potential recruiters can visit: www.london.edu/recruiters/


Our Masters in Finance graduates specialist finance skills together with their experience have allowed them to pursue a diverse range of jobs within finance sectors such as investment banking, asset management, private wealth management, corporate banking, venture capital and private equity. An increasing number of graduates are moving into financial roles in industry and consulting.

Here is a sample of some of our key recruiters:

Major employers of Masters in Finance Alumni

ABN Amro

Barclays

Citigroup

Credit Suisse

Deutsche Bank

Development Bank of Japan

Dresdner Kleinwort Wasserstein

European Bank for Reconstruction and Development

General Electric

Goldman Sachs

Grupo Santander

HSBC

ING

JPMorgan

McKinsey & Company

Merrill Lynch

Morgan Stanley

Nomura International

Royal Bank of Scotland

Shell

UBS

Company Sector21% Investment Banking

16% Asset Management

13% Consulting

12% Commercial Banking or Corporate Banking

12% Industry

10% Central Banks/Ministries/Regulation/Public Finance

8% Venture Capital/Private Equity

4% Private Banking

2% Insurance and Pension Services

2% Rating Agency

Job Function27% Markets (Sales, Trading, Structuring)

24% Doing Deals (M&A, PE, VC, etc.)

13% Consulting or Strategy

12% General Management

10% Asset Management

10% Research

4% Other

Primary Location37% UK

26% Asia


7% North America

5% South America

4% Africa/Middle East

Post-graduation employment details of the 2008 class:


WHO SHOULD APPLY?

The Masters in Finance is designed for experienced professionals who want to fast-track their careers in finance, especially people working in:

investment, commercial and retail banking

investment management, hedge funds, security analysis and broking

capital markets, trading and risk management

the finance function of industrial, commercial and service organisations

corporate finance, venture capital and corporate restructuring

corporate planning and consultancy, where a detailed knowledge of finance is required

other organisations, such as accountancy firms, regulatory bodies, legal firms, insurance companies, property consultants, commodity businesses and investor relations specialists requiring an in-depth understanding of finance

finance within the public sector and not-for-profit organisations, including central banks, local/national governments and international organisations.

Am I eligible?Applicants should have at least two years, full-time, relevant work experience (typically, students have six to eight years relevant experience although each applicant will be considered on his/her own merit). Relevant experience will have been gained in finance or a closely related field (for example corporate law, finance journalism or IT in a financial institution); candidates will need to have experienced enough financial transactions to be able to contribute to cases discussed in class. Applicants working in IT will need to show significant exposure to finance-related products.

The programme is practical and applied, and the experience of your classmates is a major part of the overall learning experience.

The programme is not designed for people without prior finance experience who are planning to effect a career change into finance (for this, a general management programme like our MBA is a more appropriate course of study) but it is an excellent choice for people who want to switch areas within finance or generally expand and deepen their finance knowledge.

We are seeking individuals for whom the programme is a good career fit, and who are likely to have successful future careers.

Above all, candidates will need to demonstrate that they have the commitment, experience, motivation and potential to benefit from, and contribute to, the programme.

If you would like us to assess your eligibility visit www.london.edu/mif/eligibility/ to upload your CV. The Masters in Finance admissions team will then review your background and provide you with personal feedback.


YOUR JOURNEY BEGINS HERE

GMATApplicants are required to take the Graduate Management Admission Test (GMAT). This measures general verbal and mathematical skills, and provides an indication of the ability for clear and systematic thought. The average score for Masters in Finance students has been approximately 700. For information on how to prepare for GMAT, book a test appointment and further details, see www.mba.com/mba/TaketheGMAT/

Fees and FinancingPlease check our website for the most up-to-date fee information www.london.edu/mif/feesandfinancing/

Fees cover the whole Masters in Finance programme, including tuition, course materials, and a contribution to the London Business School Students’ Association. The tuition fee includes the preparatory modules, for those who are required to attend them. For details of the fee payment schedule please see our website www.london.edu/mif/feesandfinancing/

FundingWhile a number of applicants are self-financed, most weekend and some full-time students are sponsored by their employers.

There are many different financing options available to self-sponsored students depending on individual circumstances.

Masters in Finance ScholarshipsIf you have a place on the Masters in Finance programme, you may be eligible for a scholarship. You’ll be given more information on these with your place offer, but here is an overview of what’s available:

Masters in Finance Alumni Scholarship

Old Mutual Scholarship

The Anno Domini Scholarship

Santander Abbey Scholarship

Allan and Nesta Ferguson Charitable Trust

Women in Business Club Scholarship

Citigroup Foundation Women’s Scholarship

External Scholarships

For more details about Masters in Finance scholarships please visit www.london.edu/mif/scholarships/


YOUR JOURNEY BEGINS HERE

Apply today We accept applications from September onwards for the programme starting the following year. We will be making interview decisions, and offering places, throughout the application cycle. There is no mid-year entry to the programme. Entry is competitive and early application is strongly advised.

There will be four application stage deadlines throughout the year for the full-time format and five-stage deadlines for the weekend format.

These deadlines enable us to guarantee you an interview and application decision within a set time frame.

For a list of the application stage deadlines visit: www.london.edu/mif/whentoapply/

CV screening serviceWe offer a CV screening service before you apply to give you feedback on your eligibility. Visit www.london.edu/mif/eligibility/ to upload your CV.

Why not visit us?We also hold regular information sessions at London Business School and in a number of cities worldwide. For information on where we will be next, please visit www.london.edu/infoevents/

For more information about applying for the full-time and weekend programmes please visit www.london.edu/mif/applying/

Alternatively you can call us on +44 (0)20 7000 7575or email [email protected]

1. Submit documentationCompleted application form including personal statement (you can apply online at www.london.edu/apply/)

Current CV

Two personal references

Grades from your previous studies

Your GMAT score

Your score from a recognised English test taken within the last two years (if English is not your native language). You do not need to submit an English test score if:

- your undergraduate or postgraduate degree was conducted entirely in English or in an English-speaking country (degrees must be two years or longer)

- you have lived or worked in an English-speaking country for at least two years since graduating from university

2. InterviewIf you are shortlisted, we will arrange for you to be interviewed by one of our alumni either in London or in your country of residence if you are applying from outside the UK. No applicant will be offered a place without attending a personal interview.

3. Final decision When we have received the interviewer’s report, the Admissions Committee can then make a final decision on your application.


ALUMNITHE RELATIONSHIP OF A LIFETIME

The London Business School alumni network consists of over 30,000 lifelong members who work in over 120 countries throughout the world.

London Business School connects some 30,000 alumni through a global network of more than 65 alumni clubs. Supported by the Alumni Relations team, dedicated alumni volunteers foster a strong community spirit and organise hundreds of events annually. Organised as social, networking or professional events with keynote speakers, some club events are held in conjunction with visits from faculty, staff and students. Many events are open to the local business community.

Alumni clubsThe 65 alumni clubs are a great source of networking and other personal and professional opportunities. A small sample of the alumni clubs includes:

London Alumni Club

Alumni Entrepreneurs Community

Alumni Women’s International Network

Active Startup Club

Media Alumni of London Business School

Alumni eventsEvents held throughout the year, including seminars, dinners, networking and reunions, enhance and support the network of relationships between alumni, students, faculty and the School. Alumni are invited to the School for major events such as reunions, which are designed to provide further learning opportunities as well as bringing together alumni, faculty and distinguished speakers.

AmbassadorsAlumni share and shape the vision of London Business School. They contribute to the ongoing development of the Masters in Finance programme by interviewing candidates, speaking with potential students and taking part in promotional events.

Various resources available exclusively to help London Business School alumni include:

The global workplace – the dedicated career management platform for students and alumni of some of the world’s leading business schools

Alumni Career Services – a wide range of services to help alumni with job hunting, career change and career management, including an online CV Database and Alumni Job Board

The library – on-site access to selected CD-ROM databases, and book borrowing privileges

Electronic databases – on-site access to Amadeus and Fame, the Economist, the FT, and international market research from Reuters Business Insight; remote access to Pro-Quest Direct – ABI Inform covering 1,400 major management, financial and industry publications, Dow Jones Custom Clips, Company Data Direct for global company reports and Hoovers’ Company profiles

Best of Biz Gold – a new business information portal developed with the continuing research needs of London Business School alumni in mind, Best of Biz Gold provides an integrated approach to business research, providing access to the School’s data, expertise and exclusive access to content from Bloomsbury’s comprehensive management work, Business: The Ultimate Resource

London Business School fitness centre

Specially discounted executive accommodation at the School (on a space available basis)

Discounted subscriptions to publications such as Business Strategy Review and Harvard Business Review

Lifelong email forwarding service

Portal Directory – an online directory of global alumni, listing expertise, industry, position and job function

AlumniNews – a quarterly magazine covering School news and the latest developments in business education and research

22

OTHER PROGRAMMES AT LONDON BUSINESS SCHOOL

Executive Education Programmes

Executive Education offers both openand company specific programmes.Our open enrolment portfolio focuseson general management, strategy, leadership, marketing and financial management. We also work with a number of blue-chip clients to deliver custom programmes built around specific learning requirements. Anchored by our three cornerstones of innovation, impact and internationalism, we aim to provide thebest learning experience in the world.

Finance Executive ProgrammesBased on the School’s cutting edge financial research, our portfolio of short open enrolment executive programmes has expanded to include:

Financial Seminar for Senior Managers

Corporate Finance programmesCorporate Finance Modular Programme

Corporate Finance Evening Programme

Advanced Corporate Finance

Investment Management programmesInvestment Management Evening Programme

Hedge Funds

Specialist Finance programmesFinancing the Entrepreneurial Business

Private Equity

Tel: +44 (0)20 7000 7051 Email: [email protected] Web: www.london.edu/finance/

Other Executive Education programmes

General Management programmesSenior Executive Programme

Accelerated Development Programme

Emerging Leaders Programme

Leadership programmesEssentials of Leadership

High Performance People Skills for Leaders

Proteus

Negotiating and Influencing Skills forSenior Managers

Strategy programmesAchieving Strategic Agility

Developing Strategy for Value Creation

Mergers & Acquisitions

Marketing programmesCustomer Focused Marketing:The Key to Unlocking Profits

Market Driving Strategies

Pricing for Profit

Human ResourcesHuman Resource Strategy inTransforming Organisations

Coaching for Performance

Corporate Governance:Managing the Board of Directors

Growing Your Business

Unlocking Your Client’s Strategy

Making Strategy Happen

Changeability

Pricing For Profit

Talent & Leadership Development: Gaining Competitive Advantage

Strategic Decision Making

Managing Brands as Strategic Assets

Tomorrow’s Economy: Opportunities & Pitfalls

Tel: +44 (0)20 7000 7390 Email: [email protected] Web: www.london.edu/execed/

Executive Workouts (2 days)

23www.london.edu

London Business School also offers a comprehensive portfolio of degree programmes for experienced business professionals.

Sloan Masters in Leadership and StrategyThe Sloan Masters in Leadership and Strategy is an 11-month full-time general masters degree designed for executives, professionals and entrepreneurs who demonstrate significant levels of achievement in their career and experience of decision making at strategic levels.

Tel: +44 (0)20 7000 7500Email: [email protected]: www.london.edu/sloan/

Full-time MBAThe London Business School MBA offers countless opportunities to develop your knowledge of global business and to increase your cultural mobility. Candidates have an average of six years of work experience.

Tel: +44 (0)20 7000 7500 Email: [email protected] Web: www.london.edu/mba/

PhD ProgrammeThe PhD Programme is one of the largest business and management programmes in Europe, attracting high-quality international participants.

Tel: +44 (0)20 7000 8989 Email: [email protected]: www.london.edu/phd/

Dubai-London Executive MBAThis programme is based in both Dubai and London and will give you a breadth of knowledge across every discipline of business and management. You will have the skills to influence strategy at all levels in an organisation.

Tel: +971 (0)4 425 0182 Email: [email protected]: www.london.edu/dubai/

Executive MBAThe Executive MBA, leading to the same qualification as the MBA, is designed for experienced professionals in full-time employment. Starting twice a year, in January and September and completed in 20 months, students and organisations benefit through a continuous process of learn and apply.

Tel: +44 (0)20 7000 7514Email: [email protected]: www.london.edu/emba/

EMBA-Global Americas and EuropeEMBA-Global is a unique executive MBA offered jointly by London Business School and Columbia Business School. Designed for talented individuals with trans-national responsibilities, it equips high achievers with the tools of international leadership.

Tel: +44 (0)20 7000 7514 Email: [email protected]: www.emba-global.com

EMBA-Global AsiaEMBA-Global Asia builds on the success of the well-established and top-ranked programme offered by Columbia and London Business Schools. This partnership has been extended to HKU Business School giving students in Asia the opportunity to access this world-class programme.

Tel: +44 (0)20 7000 7514 Email: [email protected]: www.emba-global.com

Masters in ManagementThis pre-experience programme is designed for outstanding individuals with an undergraduate degree but little or no work experience. The programme (11-month full-time) provides a foundation for a successful career in business and beyond.

Tel: +44 (0)20 7000 7573Email: [email protected]: www.london.edu/mm/

London Business SchoolRegent’s ParkLondon NW1 4SAUnited KingdomTel: +44 (0)20 7000 7000Fax: +44 (0)20 7000 7001www.london.eduA Graduate School of the University of London

Documents

LBS MiF 2010