GGSB MSc in Finance – Programme Structure
GGSB MSc in Finance is a two-year course run in partnership with Grenoble Graduate School of Business (GGSB). GGSB is one of Europe's most prestigious business schools, triple accredited by AMBA , EQUIS and AACSB and ranked by the Economist and Business Week.
The course builds a strong foundation in the theory and practice of making financial decisions in an international environment, so it's ideal for students aiming to work at the senior levels in banking, financial services and corporate finance.
The GGSB MSc in Finance has a total of 4 stages each reinforcing the previous stage, helping to refine and focus your learning. The first 3 stages are covered during the first year, followed by the 4th stage which is a Capstone Course, encompassing everything you've studied and preparing you to apply your learning in the Final Master's Project, the Professional Dissertation.
Company-based learning, internships and full-time work placements for GGSB MSc in Finance students
In line with London School of Business & Finance's ethos of offering students a career-focused innovative education, students on the GGSB MBA, MIB, and MSc in Finance programmes from GGSB are now able to devote up to 50 per cent of their course to company-based learning, either in the form of a work placement or a full time paid internship.
The company-based learning element of the degree will be assessed as a part of the students' academic requirements, allowing students to actively apply the knowledge and skills gained as a part of their studies in the work place. This unique offer enables students to combine real world insights with academic work.
Students on these programmes will be able to devote six to 12 months of their course on an immersive company-based experience. Enhancing their understanding of real life business processes, it will also form an integral part of students' final management project.
Students will be able to work with LSBF's Careers and Corporate Division, accessing LSBF's network of over 400 corporate clients and partners in search for the work placement of their choice – not just in the UK, but globally.
Places on these highly sought-after programmes are strictly limited to 45 students in class.
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Duration |
Content |
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Stage 1 – Fundamentals of Finance |
12 Months |
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Corporate Finance and Investment Decisions
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Accounting and Financial Statements Analysis
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Economics for Finance
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Quantitative Methods for Finance
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Stage 2—Mastering Financial Management |
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Mergers & Acquisitions and Company Valuation.
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Management Control Systems
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International Financial Management
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Ethics, Professional Standards and Corporate Governance.
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Audit and Risk Management
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Stage 3—Advanced Finance |
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Advanced Financial Statements Analysis
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Derivatives
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Fixed Income Investments
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Financial restructuring, LBOs and Venture Capital
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Asset Management
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Stage 4—Electives |
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Elective Module 1*
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Elective Module 2*
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Stage 5—Capstone Course |
12 Months |
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Research Methodology and Dissertation Workshop
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Electives
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Choose One Elective |
Modules |
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London Campus |
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IT Tools for Market Finance |
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Financial Modelling using VBA
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Bloomberg Trading
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Grenoble Campus |
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Corporate Finance |
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Cash Management & Bank Relations
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Strategic Performance Control
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Islamic Finance |
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Fundamentals of Islamic Finance
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Islamic Banking
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Islamic Capital Markets
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Microfinance |
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Principles of Microfinance
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Operational Management of a Micro Finance Institution
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Financial Management of a Micro Finance Institution
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Stages
Stage 1 - Fundamentals of Finance
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The first stage of the programme will cover the basic knowledge and tools needed by financial professionals such as economics, quantitative methods, financial reporting and analysis, and fundamentals principles of corporate finance.
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Corporate Finance and Investment Decisions |
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The financing cycle of the firm
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Discounting & compounding interest
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NPV
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Investment decisions: cash flows calculations and criteria (NPV, IRR)
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Nature and types of equity and debt
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Cost of equity : Gordon Shapiro, CAPM
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Cost of debt (loans, bonds, leasing)
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WACC
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Financing decisions
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Impact of financial structure on firm value, dividend policy
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Accounting and Financial Statements Analysis |
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Roles and basic principles of financial accounting
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Overview of international accounting standards
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Study of the four financial statements
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Financial analysis — main ratios, assessment of performance in respect of profitability, capital structure, efficiency, and liquidity
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Quantitative Methods for Finance |
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Interaction of supply and demand
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Basic concepts of macroeconomics
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Organization of foreign exchange markets
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Implications of globalization for financial markets
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Business cycles theory, impact of credit cycles
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Organization and consequences of European Monetary Union
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Economics for Finance |
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Introduction to descriptive statistics and to probabilities
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Sampling and estimation
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Statistical inference and hypothesis testing
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Correlation analysis and linear regression
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Multivariate regression
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Time series analysis
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Stage 2 - Mastering Financial Management
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Building on the basic principles taught in stage 1, stage 2 covers advance corporate finance items (investment under uncertainty, valuation, international financial management) as well as related fields essential for financial managers such as management control systems, ethics and professional standards, and corporate governance.
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Mergers & Acquisitions and Company Valuation |
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Investment under uncertainty — breakeven analysis, sensitivity analysis, scenarios, decisions trees and real options
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Company valuation techniques and their limitations — book value approach, multiples (comparable companies and transactions), discounted cash flows
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Valuation of preferred stock and of convertible bonds
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Management Control Systems |
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Cost calculation and analysis
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Budgeting and planning process
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Internal reporting and balanced scorecard
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Performance measurement
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International Financial Management |
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The international environment and foreign exchange markets
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International capital markets
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Foreign exchange risks
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Transaction risk management
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International investment
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Hedging techniques
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Ethics, Professional Standards and Corporate Governance |
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Distinction between what is legally acceptable and morally correct
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Codes of professional conduct in the financial sector
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Sources and consequences of conflicts of interest between managers, stockholders and other stakeholders
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Recommended professional practices in corporate governance
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Main issues in corporate governance — role and organization of the board, management pay, transparency
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Audit and Risk Management |
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Auditing process and tools
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Risk management systems (including fraud detection) in companies and banks
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Internal business controls
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Stage 3 - Advanced Finance
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Stage 3 aims to provide students with an understanding of the impact on financial analysis of complex topics such as deferred income taxes, balance sheet debt, leases and off-balance sheet debt, employee benefits, and business mergers or consolidation. The course content focuses on the following topics:
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Derivatives
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Fixed Income Investments
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Financial restructuring, LBOs and Venture Capital.
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Asset Management
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Advanced Financial Statement Analysis
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Stage 4 allows you to tailor your GGSB MSc in Finance by taking skill development courses designed to help you apply knowledge and skills to real-world situations. Market Finance is awarded in London, Europe's financial capital while Corporate Finance, Islamic Finance and Microfinance are available in Grenoble.
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Corporate Finance
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Cash Management & Bank Relations
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Strategic Performance Control
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IT Tools for Market Finance:
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VBA for financial market modelling
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Trading on the Bloomberg platform
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Islamic Finance
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Sharia's principles and contracts
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Principles underlying Islamic Banking
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Portfolio Management specificities
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Micro Finance
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History of Microfinance
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Markets, Products, Regulations and main players of the microfinance industry.
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Operational Management of a Microfinance Institution.
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Financial Management of a Microfinance Institution
Stage 5 – Capstone Course
The Capstone is a financial strategy and interactive case study encompassing all the skills developed throughout the program. The objectives of the module are to improve, and test, the students' ability in the following areas:
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To critically analyse the main strategic and technical aspects of an actual financial operation, such as a merger, takeover, LBO, IPO, etc
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To make a written presentation of their analysis
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To work in a multicultural group under a time constraint
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To improve their cooperation, communication, negotiation, and leadership skills
The second year of the programme is devoted to completing the Professional Dissertation under the supervision of a tutor. The Management Research Methodology module offers a detailed framework of guidance for preparing the Dissertation and covers concepts such as research processes, types of research, research methodology, and sources of collection and the analysis of data.
The dissertation is an opportunity to apply academic studies to a real-world business scenario, and students are encouraged to choose a dissertation subject that reflects their future career aspirations. The dissertation can be completed alongside an internship or permanent employment in the UK or abroad giving students the chance to combine practical work experience with the latter stages of their Master's degree.
The GGSB MSc in Finance is designed to stay relevant to the modern international marketplace ensuring that you graduate with an up-to-date skill set that employers value. You can develop your professional skills further by combining the programme with a professional qualification under LSBF's unique Dual Programmes initiative.
To find out more about the career opportunities open to GGSB MSc in Finance students visit the Career Direction page.
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Develop specialist business knowledge and practical experience, giving you a competitive advantage in both your final year, and your future career.
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Opportunity to devote up to 50 per cent of your course time to company-based learning, either in the form of a work placement or a full time job opportunity.
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The company-based learning takes place in the 2nd year of studies, and is an assessed and compulsory part of the course
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Undergraduate degree (2:2 minimum) or equivalent
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English Proficiency: *
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IELTS 6.5 – With at least 6.0 in all areas (or equivalent)
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TOEFL – minimum score of 94 (internet-based), 240 (computer-based), or 587 (paper-based)
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GMAT is not an obligatory requirement, but is considered an advantage and may be required for some applications. (Target score 550)
Study Modes:
Fees
Click here for the latest fees.
Click here for the 2012 Bursaries and Scholarships
Application
To apply for this programme or for further information -
Call: + 44 (0)207 823 2303.
