Beruflich Dokumente
Kultur Dokumente
Financial Management
1. Identification
Decision details Board of the School of Economics and Management, 13 April, 2007
Amendment details Board of the School of Economics and Management, 19 December, 2007,
10 April, 2008, 15 December, 2009, 30 November 2010
2. Programme description
The target audience of the programme consists of students who are aiming for a career in corporate
management, for example, as general managers or management consultants, in financial advisory, for
example, as financial analysts or investment bankers, or in controlling, treasury, or other financial-
management functions. Whether working in financial management or financial advisory, senior
management or management consulting, understanding how to analyse corporate performance, firm
value, and credit worthiness and the impact of strategic decisions and corporate restructurings on
these are valuable. Equally valuable is knowledge of how to finance and manage the risk of ventures,
be they start-ups or incumbent firms, and of how to design control and incentive systems.
Corporate finance is a place where business strategy, process and information combine. The
programme provides techniques and models to assist in financial and strategic decision-making and
the insight to determine whether these decisions make sense in a strategic competitive context.
Corporate executives are often confronted with issues that have important financial consequences for
their enterprises. Similarly, finance executives often make decisions with important strategic
consequences. The importance of being well-versed in finance and management is particularly
apparent in corporate advisory positions, such as in management consulting or investment banking.
The compulsory courses are designed to ensure that students after graduation will have a working
knowledge of methods and practices of strategic and financial analysis. The elective courses allow
students to focus their studies on corporate finance or strategic management based on their particular
interests and career ambitions. Students undertake 30 ECTS credits of core courses, 15 ECTS credits
of elective courses, and complete a degree project of 15 ECTS credits. The core courses cover areas
such as financial and accounting analysis, value-based management, corporate valuation, corporate
governance, corporate financing and risk management, corporate restructuring and credit rating. The
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programme is founded on the idea that learning is fruitful when a subject matter is applied in practical
decision contexts. Hence, emphasis is put on training students’ abilities to apply their knowledge in
decision situations.
Career opportunities
There is a broad and extensive labour market for corporate managers with knowledge of corporate
finance, as well as for finance professionals with knowledge of strategic decision-making.
3. Learning outcomes
The programme builds on previous studies at the undergraduate level in subject matters related to
business administration. In accordance with the Higher Education Ordinance, the Degree of Master
(One Year) is awarded to students who at the completion of the programme accomplish the following:
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- demonstrate an ability to identify their need of further knowledge and to take responsibility for
developing their knowledge
Since students have a choice of elective courses, the exact knowledge, skills, and abilities obtained in
the program will vary. In addition to the learning outcomes of the program, completion of the
program also requires that students must accomplish the learning outcomes of the individual courses.
4. Course information
The programme has the following structure:
BUSM35 Financial
Analysis and Corporate
BUSM31 Strategic BUSM30 Structured Restructuring (7.5 ECTS)
Mandatory
Financial Management Finance and Insurance
courses
(7.5 ECTS) (7.5 ECTS) BUSMXX Managing
Value and Strategic
Change (7.5 ECTS) BUSM36 Degree Project
in Corporate and
Strategic
BUSM37 Strategic BUSM33 Corporate
management
Management (7.5 ECTS) Governance (7.5 ECTS)
options
The programme comprises a total of 60 ECTS credits divided among courses covering theories and
applications in strategic management and corporate finance. Four courses are compulsory and two are
elective. The electives contain options in corporate finance and strategic management. The course
structure is not fixed and can be adapted in the future according to developments in the discipline,
changes in demand from students and other interested parties, etc.
The programme of study is divided into two semesters, which are further divided into four study
periods. The core courses cover areas that are essential in strategic and financial management
contexts, such as value-based management, corporate valuation, financial-statements analysis,
corporate financing, risk management, corporate credit assessments and corporate restructuring.
Electives then allow students to aim their studies on corporate finance or strategic management.
During the first study period students follow a compulsory course focusing on corporate, financial and
accounting analysis, value-based management, and corporate valuation, primarily using cash flow
based valuation methods. Parallel to this, students choose an elective course. The corporate finance
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elective deals with theories of corporate finance and corporate financial policymaking, while the
elective in strategic management primarily deals with strategic decision making in knowledge- and
technology-intensive settings. In the second study period students follow a compulsory course
focusing on corporate financing and enterprise risk management. Parallel to this, students choose an
elective course, again with a choice between an elective in corporate finance, dealing with analysis
and management of macroeconomic risks and an elective in strategic management focusing on
corporate governance. In the third study period students follow two compulsory courses, one
forwarding students’ knowledge of corporate financial analysis, corporate restructuring, and corporate
credit assessment and the second enhancing students’ knowledge of how to implement and execute
value-based management and corporate restructurings. The programme ends with a degree project in
the fourth study period. Through the project and the project report students demonstrate their ability to
use and integrate their acquired knowledge to identify, analyse, and solve managerial and/or financial
problems and evaluate, present, and document the result.
5. Degree
Upon completion of the programme a Master of Science in Business and Economics (One Year) will
be awarded in compliance with the National Higher Education Ordinance (SFS 2006:1053).
Major will be Business Administration with a specialization in corporate and financial management.
(Ekonomie magisterexamen: huvudområde företagsekonomi, fördjupning företagsfinansiering).
Students can alternatively apply for a Master of Science (One Year) major Business Administration,
specialization corporate and financial management (Filosofie magisterexamen huvudområde
företagsekonomi, fördjupning företagsfinansiering).
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knowledge of mathematics, including algebraic rules, solving equations, exponential function and
logarithms
basic knowledge of statistics, including normal distribution, correlation and regression
Students who perceive themselves to have a weak background in corporate finance are strongly
recommended to work through an intermediate textbook in corporate finance as preparation for the
programme.
The regulations in the general requirements concerning knowledge of the Swedish language are not
applicable for international applicants.
Statement of purpose
You are required to attach a statement of purpose to your application. Please download and complete
the statement of purpose template. Your statement of purpose forms a vital part of your application so
we recommend that you spend a significant amount of time preparing it.
GMAT
Applicants are not required to take the GMAT, but a high score can make up for deficiencies in other
parts of the application. As a general guide, a GMAT score of 650 or above adds weight to an
application and a GMAT above 700 will add significant weight. We would not be comfortable if
candidates scored less than 600 unless there is strong compensating evidence elsewhere (for example,
an outstanding academic record).
7. Other information
Decision about grading in accordance with the European Credit Transfer System (ECTS)
Courses at the School of Economics and Management are graded according to the following principal
grades:
The Board of the School has decided the following translation into ECTS:
Pass with distinction (VG) translates into ECTS as A-B
Pass (G) translates into ECTS as C-E
Fail (F) translates into ECTS as F
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The Board has also decided to pursue the internationally recognized steps in applying the ECTS scale:
100-85 A
84-75 B
74-65 C
64-55 D
54-50 E
49-0 F
It is up to the teaching professor to decide whether the credits of a course should be converted into a
total of 100 points for each course, or if the scale above should be used as percentage points of any
chosen scale instead.