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MSc. Corporate Finance

 

Handbook

 

Overview

This programme is designed to meet the current demands of the economic marketplace and provide participants with rigorous training to help develop proficiencies to find solutions to real-life financial situations. The focus of the MSc Corporate Finance is to provide technical training to persons who are interested in pursuing a career in the financial sector. It will provide rigorous technical academic training to persons who wish to have a career as a trader, financial analyst, corporate banker, risk analyst among others. It is particularly suited to graduates seeking to work in the areas of: corporate management, international financial management, investment services, brokerage, insurance, and commercial and investment banking. The programme covers the three key areas of finance: financial markets, financial institutions, and investments. 

  • The core objectives of the programme are as follows:
  • To understand the fundamental concepts and tools of finance.
  • To understand financial management concepts and tools required by managers to make investment decisions.
  • To understand the importance of ethical financial governance to the sustainability of business firms, and the impact of the firm's decisions on all stakeholders.
  • To apply financial management tools to the financing decisions and dividend decisions faced by the firm.
  • To evaluate the interactions, from a governance perspective, between firm management, financial markets and stakeholders.
  • To evaluate the risk profile of firms such as costs of capital, debt and equity capital, using financial data.
  • To discuss the operations of the equity market, the bond market and the derivatives market, and the financial assets traded in each of these markets.
  • To explain the global financial environment experienced by multinational corporations
  • To evaluate complex financial problems by using quantitative methods and models to support managerial decision-making processes
  • To demonstrate competency in Corporate Finance, Investments, Financial Institutions, and Risk Management to solve finance problems
  • To prepare and analyze financial reports that will serve as an effective means of communication to stakeholders
  • To value stocks, bonds, and derivatives using cutting-edge valuation methods

The programme will cater to a unique segment of the financial market, particularly students who have an interest in developing their financial skills to solve complex business problems and/or are interested in pursuing a career in the exciting and fast-growing field of finance. The MSBM Finance laboratory equipped with Bloomberg terminals will assist in providing ‘first world’ training and experience.Students will be strategically positioned for roles such as:

  • investment banker
  • financial analyst
  • investment manager
  • finance director
  • project analyst
  • stockbroker/securities trader
  • fund manager
  • financial planner
  • consultant
  • bank manager

Graduates will be equipped to work in the financial services, insurance, hospitality industry, health care, academic institutions, manufacturing and trade.

Entry Requirements

Applicants must:

  • Hold a Bachelor’s degree or equivalent from a university or college acceptable to the University of the West Indies, with GPA of 2.5 or higher and must have passed MGMT 2023 Financial Management 1 or an equivalent undergraduate finance course.
  • Have a good grounding in quantitative subjects.
  • Provide two letters of recommendation

NB

  • Applicants who are adjudged to have an insufficient background in a quantitative or financial management discipline may still qualify for entry into the programme, but will be required to pursue preliminary prerequisite quantitative or financial management courses.
  • Applicants with a degree with a GPA lower than 2.5 will be considered under the following conditions:
    • Having professional experience in a finance related field with a minimum of 3 years work experience; and
    • Passing a departmental interview conducted by the School’s Programme Admissions Committee

Mature matriculation: Students who do not possess a first degree can matriculate under the mature matriculation requirements of UWI. However, these persons will be limited to 10% of the cohort. These applicants must possess a minimum of 10 years work experience in the field of finance and professional qualification, such as, ACCA. The mature entry requirements of UWI require applicants to submit official documentation certifying the successful completion of a course of study in the programme for which they are seeking admission.

Duration

Full Time - 12 months

12 months offered over 3 semesters including the summer period. The courses will be offered over 4 days per week with 3 contact hours per course each week

Part Time- 24 months

A part-time student will take a maximum of 3 courses per semester

 

Structure

  • 4 Core courses
  • 7 Discipline Courses
  • 1 Research Project
  • 36 credits

Courses

  • Advanced Corporate Finance
  • Business Analytics
  • Business in a Global Environment
  • Corporate Finance
  • Corporate Finance and Valuation
  • Financial and Managerial Accounting
  • International Monetary Economics and Finance
  • Investment Analysis & Portfolio Management
  • Management of Financial Institutions
  • Quantitative Methods and Statistical Techniques
  • Theory of Finance

Courses

SBFI6020: Advanced Corporate Finance (3 credits)
Corporate Finance covers any decision that may have financial implications for the firm and these can be categorized as follows:- investments that should be made, the firm’s role in paying for investments and the expected returns and distribution of such returns. Built around the valuation imperative, this advanced course addresses issues in large corporations, private firms and in specialized situations of acquisitions and corporate distress.

SBCO6170: Business Analytics (3 credits)
This course examines the ways in which enterprises such as businesses, non-profits, and Governments can use data to gain insights and make better decisions. Business analytics is applied in operations, marketing, finance, and strategic planning among other functions. The ability to use data effectively to drive rapid, precise and profitable decisions has been a critical strategic advantage for a range of world-leading companies. With the increasing availability of broad and deep sources of information so-called "Big Data"-business analytics are becoming an even more critical capability for enterprises of all kinds.

SBCO6340: Business in a Global Environment (3 credits)
This course examines the critical aspects of the global business environment that influence a firm’s decisions and behaviour. It focuses on the macroeconomic, institutional and technological factors at both international and national levels that shape the environment in which firms compete.

SBFI 6060: Corporate Finance and Valuation 
This course focuses on the core valuation concepts, tools and skills in valuing a business and assets. The course covers the various methods of corporate valuation and provides a practical framework for valuing firms and businesses.

SBCO6110: Financial and Managerial Accounting (3 credits)
This course examines the internal accounting systems and current practices of businesses to develop an understanding of the uses and limitations of accounting information in planning, control, decision making, performance evaluation and external reporting processes. It offers a balanced coverage of the concepts, methods and uses of financial and managerial accounting information with a strong emphasis on analysis and reporting.

SBFI6030: International Monetary Economics and Finance (3 credits)
This course is designed to give students an introduction to international finance and institutions. It deals with how optimal corporate decisions are made given the international environment. This is achieved through a thorough study of various exchange rate determination theories, international corporate finance and international portfolio diversification models.

SBFI6010: Investment Analysis and Portfolio Management (3 credits)
This course in investment analysis covers topics related to the efficiency of capital markets and the pricing (valuation) and use of various financial securities. The financial instruments reviewed are stocks, bonds, call and put options, commodity futures contracts and swaps Instruments are also considered.

SBFI6040: Management of Financial Institutions (3 credits)
This course applies financial management techniques to the management of financial institutions, covering issues such as ownership and control, analysis of financial performance, risk and rewards and budgeting. The major risks facing these institutions are discussed and processes that are used to control risks are identified and explored.

SBCO6520: Quantitative Methods and Statistical Techniques (3 credits)
This course is concerned with the use of quantitative and statistical techniques to assist in rational decision making. The emphasis is not on the techniques themselves, but rather on how they can contribute to better decisions. The approach is to present real business situations in which quantitative and statistical techniques have been applied successfully and to show how managers can use the methods to make better decisions.

SBFI 6050: Theory of Finance 
This course will provide a solid foundation to the theory of finance. This course covers the core theory, concepts, tools and skills in finance. An introduction to utility theory, arbitrage, portfolio formation, option pricing, and efficient markets are covered. Generalised measures of risks, mean variance analysis and the capital asset pricing model are introduced.

MGMT 6010: Research Project
This requirement of the M.Sc. degree is designed to explore methodological issues and applied research on issues critical to improving the practice of Corporate Finance in the Caribbean region.

For more information, contact:
Dr. Clive Scott
clive.scott@uwimona.edu.jm
977-6035 Ext 233

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