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Portfolio Management


Investors face two basic decisions:

  1. How should they maximise the returns they make while taking on the least amount of risk?
  2. Which of the numerous investment opportunities they are offered - stocks, bonds, options, derivatives, etc. - by firms, offers them the best combination of return and risk characteristics?

This programme will focus on these two questions: how should investors value the different financial instruments they are being offered by companies, and what are the risk-return choices they have? While it examines the decision problem from the perspective of the investor, it is important to understand this is extremely relevant from the company perspective as well. Understanding what investors are looking for enables firms to design securities that will raise interest from investors, either stocks, bonds or derivatives.

It will benefit practitioners who want to build their existing skills in valuing securities and does assume a very basic understanding of finance and accounting principles. It follows on very well from our introductory programme Finance & Accounting for Non-Financial Managers.

It is particularly suited for corporate managers, analysts, and portfolio managers at the beginning of their careers, who would like a short but comprehensive introduction to the valuation of different types of financial securities, such as stocks, bonds, retirement annuities, etc.

Watch our interview with Academic Programme Director Professor Raghavendra Rau:

This programme can be taken on its own or together with five others as a consolidated series. On completion of all six programmes, participants receive the Cambridge Judge Business School Financial Management Certificate of Achievement.


  • Overview of arbitrage
  • Stocks, bonds and the term structure of interest rates
  • Mutual funds
  • Risk, return and the capital asset pricing model
  • Other types of asset pricing models
  • Market efficiency


  • Understand the characteristics of different types of financial instruments
  • Understand how to value any type of financial instrument

Who should attend

  • Those with minimum three years of professional experience
  • Early to mid-career professionals aspiring to a career switch to a finance role and wishing to understand more about finance
  • Recent entrants to financial roles in the banking, alternative finance, wider finance, accounting or consultancy sectors
  • Recent new role-holders of financial positions in industry or the public sector
  • Those interested in considering further study in the finance sector

Faculty and speakers

Raghavendra Rau

Sir Evelyn de Rothschild Professor of Finance

Read more

Dates & fees

Dates Duration Fees *
13-14 October 2016 2 days £1995 + VAT

VAT is charged at the prevailing rate, which is currently 20%; e.g. £1,995 + 20% = £2,394.

* Fees include instruction, materials, lunch and breaks. Preferential rates may be available for groups, University of Cambridge alumni and members of the School's Alumni Association. Please note prices pre-registration are subject to change.

This programme forms part of the Cambridge Judge Business School Financial Management Certificate of Achievement. For participants completing all six finance programmes required, the overall fee is £9,975 + VAT.

For information regarding payment terms, cancellation rights, transfer policies and fees, please see our terms & conditions documents:

Terms & Conditions for Self-funded Applicants (pdf, 226KB) (updated 27 October 2015)
Terms & Conditions for Organisation-funded Applicants (pdf, 243KB) (updated 27 October 2015)

Registration closes at midday two working days before the programme start date.

Participants are expected to attend the full programme.

Version 1 (1 October 2015)


You can register for this programme via our online system. Please note the registration form will open in a new tab/window.

When you register for this programme, please let us know if your organisation is paying for your placement or if you are applying as an individual.


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Who to contact

Claire Wright
Open Programmes Coordinator
Tel: +44 (0)1223 330741

Request a call back

Download the Finance & Accounting brochure to find out more about this programme