The Master of Finance electives cover a wide range of topics. They are designed to allow students to tailor the course to their own needs and cover specific product areas, techniques, and advanced quantitative skills.
Each MFin student must take at least seven electives. Below is a list of electives we hope to offer this year (please note that the specific electives on offer are subject to change from year to year):
Advanced Corporate Finance
A case-study based elective going into more detail on topics covered in Principles of Finance, principally valuation.
Fixed Income Analysis
An advanced analysis of fixed income valuation and markets.
Course leader: Rasheed Saleuddin
This course will focus on understanding the details of options pricing, hedging and trading as well as applications such as dividend swaps. There are no complex mathematics, but we will follow the intuition behind the Black-Scholes-Merton model and how it is used. We will also use the DerivaGem spreadsheet software that comes with the course book Options, Futures and Other Derivatives by John Hull. The course is taught by Peter Allen, previously Head of Equity and Credit Derivatives Research at JP Morgan Securities in London.
Course leader: Peter Allen
Mergers & Acquisitions
This course aims to provide a basic framework for analysing corporate acquisitions, mergers and restructurings in an international setting. Students will analyse the essential elements of the acquisition process including; financial modelling, valuation methods, deal structuring, financing, and post-merger integration. Class work will include textbook readings, case studies, as well as quantitative, data-driven analyses.
Taught by a private equity practitioner with a wide range of international experience, covering new ventures and buyouts, financing, valuation and management.
Course leader: Mr Aleksander Grzeszczak
Topics in Investment Management
A comprehensive course on long-term investing taught by a former investment manager and with guest practitioner speakers from leading investment management companies. Topics covered include active versus passive management, factor investing, private equity and alternative assets and responsible investing among others.
Easter / Summer Term
This course will provide an opportunity to explore more complex cash flow modelling and analysis from a credit perspective via a range of case studies. The course will also investigate the interaction between credit and market risk and the concept of loss given default. We will also cover a number of timely topics including CVA, Basel and it's implication on credit markets, and credit risk in project financing.
Course leader: Marwa Hammam and external speakers
This course builds on the concepts covered in the prerequisite Derivatives and Further Derivatives courses to understand more complex derivatives such as variance swaps, correlation-dependent derivatives and barrier options. The course book is John Hull's Options, Futures and Other Derivatives, but formal mathematical content is kept to a minimum. The course is taught by Peter Allen, previously Head of Equity and Credit Derivatives Research at JP Morgan Securities in London.
Course leader: Dr Peter Allen
Further Econometrics: Time Series
The Time Series Econometrics module is intended to provide applicable, if introductory knowledge of time series analysis methods. An increasing number of empirical contexts in Finance and Management now have data in the form of time series. The statistics and modelling of time series data will be very useful in any researcher's toolkit.
Asian Capital Markets
An investor perspective on the key Asian financial markets taught by a principal in a hedge fund specialising in those markets, with extensive experience of the Chinese markets in particular.
Course leader: Mr JC De Swaan
In this course you focus on the standard tools of corporate finance - firm valuation, stock valuation, etc. - and examine these from a behavioural perspective. You also study behavioural decision traps; obstacles that might stand in the way of the normative ideal of value maximisation.
International Macroeconomics & Finance
Covers the specifically international aspects of finance including exchange rates and international financial flows. Taught by a member of faculty who is a former bond trader.
Principles of Financial Regulation
This course provides a wide-ranging examination of the major themes and topics in financial regulation. The three major recurring objectives of financial regulation - financial stability; market efficiency, integrity, and transparency; and consumer protection - anchor the course. Broad topics examined include:
- the public interest in financial regulation
- the traditional purposes of financial regulation and how these have evolved over time
- the main sources of financial regulation
- the main types of regulatory intervention
- financial innovation, competition and regulation
- the relationship between crises and regulation
Real Estate Finance & Investments
A course on the essentials of success in this segment of banking, taught by a senior executive of one of the world's leading commercial banks with 20 years of experience.
Course leaders: Mr David Hartzell and Mr Andrew Baum
Risk Management & Hedging in Markets
The theory and practice of risk management for banks' trading desks and hedge funds, taught by hedge fund practitioners.
Course leaders: Dr Chris Jones
The Coming of Modern Capital Markets
The course provides students with an understanding of how some of the major features of modern finance emerged from the 19th century onwards with a particular focus on the US, UK, Japan and Germany.
Venture Capital & the Entrepreneurial World
A practical, case-based course on how to build successful companies taught by an experienced venture capitalist.
Course leader: Mr John Glynn
As students of the University of Cambridge, MFin students also have the opportunity to attend lectures across other disciplines such as mathematics, statistics, economics and Matlab courses.
Why the Cambridge MFin?
The Cambridge MFin focuses on the theory and practice of finance, drawing upon the University of Cambridge's long heritage of excellence in teaching and research. We are one of only a few Master of Finance programmes in which 100% of the class has existing work experience in finance.
Find out more
Leverage networks and make use of every opportunity is Marwa Hammam's advice to prospective students of Cambridge Judge Business School's MFin programme
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