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2022/2023  MA-MMBAV2004U  Concentration in Finance

English Title
Concentration in Finance

Course information

Language English
Course ECTS 10 ECTS
Type Elective
Level Part Time Master
Duration One Quarter
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Master of Business Administration
Course coordinator
  • Jesper Rangvid - Department of Finance (FI)
Main academic disciplines
  • Finance
Teaching methods
  • Face-to-face teaching
Last updated on 04-07-2022

Relevant links

Learning objectives
The following learning objectives cover the entire course and the second sub exam (part 2). Specific learning objectives for the multiple choice exams (part 1) are stated below in the description of that sub exam.
  • Combine and apply insights from the syllabus to solve financial problems and take financial decisions
  • Demonstrate ability to reflect upon financial challenges
  • Apply financial techniques to quantify the impact of strategic decisions on company value
  • Explain the assumptions needed when applying a certain theory / method / model
  • Independently combine and logically structure the finance vocabulary / theories / methods / models/ regulatory/institutional/practical knowledge, and empirical evidence when discussing challenges in finance
  • Show and explain all relevant calculations.
Course prerequisites
Pre-course/​readings/​blended learning.
(Mandatory for students not having had the mandatory corporate finance course.)
• Basic capital structure knowledge.
• Cost of capital, WACC
• NPV/DCF and multiples
• Time-value of money
Examination
The exam in the subject consists of two parts:
Part 1 - Concentration in Finance:
Sub exam weight70%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productPlease see text below
Multiple-choice tests in each of the four areas at a given time and duration.
Assignment typeWritten assignment
DurationWritten product to be submitted on specified date and time.
Grading scale7-point grading scale
Examiner(s)Internal examiner and second internal examiner
Exam periodSpring and Summer
Make-up exam/re-examOral Exam
Duration: 30 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time: No preparation
Examiner(s): If it is an internal examination, there will be a second internal examiner at the re-exam. If it is an external examination, there will be an external examiner.
Description of the exam procedure

The first part of the examination in this concentration is divided into four subparts:

 

Four multiple choices, one in each course. Each multiple choice counts 17.5 % of the final grade. In total, multiple choices count 70 % of the final grade.

 

No exam aids are allowed.

 

If a student does not participate in one or more of the four subparts, the grade -3 will be awarded for that/those subparts(s) and will be included in the overall grade.

 

If the four subparts are not passed in total, one re-examination covering all four subparts will take place (the make-up exam described above). See also section 26(3)-(6) of the programme regulations.

 

Specific learning objectives for the multiple choice exams:

  • Combine and apply insights from the syllabus to solve financial problems
  • Demonstrate ability to reflect upon challenges with multiple suggested solutions where only some are relevant
  • Independently use the finance vocabulary / theories / methods / models/ regulatory/institutional/practical knowledge, and empirical evidence when solving problems in finance.
Part 2 - Concentration in Finance:
Sub exam weight30%
Examination formHome assignment - written product
Individual or group examGroup exam
Please note the rules in the Programme Regulations about identification of individual contributions.
Number of people in the group2-3
Size of written productMax. 10 pages
No appendices allowed.
Assignment typeEssay
DurationWritten product to be submitted on specified date and time.
Grading scale7-point grading scale
Examiner(s)Internal examiner and second internal examiner
Exam periodSpring
Make-up exam/re-examOral Exam
Duration: 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time: No preparation
Examiner(s): If it is an internal examination, there will be a second internal examiner at the re-exam. If it is an external examination, there will be an external examiner.
Description of the exam procedure

Groups are formed by faculty.

 

Students should use theories and tools from at least two of the four courses to analyze a finance issue in one company. Groups decide on the courses themselves as well as the company they want to analyze.

 

Course content, structure and pedagogical approach

International Financial Management:

  • Jesper Rangvid

Risk Management:

  • Ken Bechmann

Valuation and M&A:

  • Torben Juul Andersen

Private Equity and Venture Capital

  • Kasper Meisner Nielsen
Description of the teaching methods
Mix of keynote, in-class participation and group work
Feedback during the teaching period
Ongoing feedback during class hours
Student workload
Preparation/self-studies 135 hours
Teaching hours 80 hours
Exam 30 hours
Last updated on 04-07-2022