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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.

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

Watch our interview with Academic Programme Director Professor Raghavendra Rau on why finance is less about profits and more about value:


  • 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

Participants earn a certificate on completing the programme. This programme counts as one course for those completing the Cambridge Executive Education General or Financial Management Certificates of Achievement.

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 *
9-10 October 2014 2 days £1995
8-9 October 2015 2 days £1995

* Fees (which are exclusive of VAT) include instruction, materials, lunch and breaks. Please note prices pre-registration are subject to change.

Preferential rates are available for groups.

This programme forms part of the Cambridge Financial Management Certificate of Achievement Programme. For participants completing the four finance programmes required to obtain the Certificate, the overall fee is £7,500.

For information regarding our payment terms, cancellation, transfer and substitution policies and fees, please see our Terms & Conditions (pdf, 59KB) (updated 14 March 2013).

For bookings made less than 48 hours before the day of the programme commencement, credit card payment is required. Registration closes at midday on the last working day before the programme.

Participants are expected to attend the full programme.

You can register for this programme via our online system:

Select your chosen date:

Please note the registration form will open in a new tab/window.

Who to contact

Elizabeth McDonald
Business Development Manager
Tel: +44 (0)1223 330741

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