Master’s Degree in Advanced Finance

3 ECTS | Management control and reporting. (1er)
Throughout the course, students will explore primary management control and business reporting systems, which include: internal management information for decision-making: comprising cost accounting and management accounting; Financial planning, involving long-term financial planning and budget management; Business management control, covering control principles, control instruments, and functional control (e.g., for commercial activities, investments, and financial management); Reporting, which includes result presentation, deviation analysis, and the use of a balanced scorecard.

3 ECTS | Corporate investments . (1er)
This subject primarily delves into the assessment of capital structure sizing and composition, as well as the understanding of specific off-balance sheet structures. Additionally, it covers various financing models, extends risk concepts applicable to investment projects, and offers students a comprehensive perspective. The approach is rooted in a reasoned and critical outlook, emphasizing the practical application of knowledge acquired throughout the program.

3 ECTS | Advanced financial analysis and project financing. (2do)
Participants develop the ability to assess common fixed-income and variable-income financial products, along with some derivatives. To achieve this objective, they conduct a comprehensive examination of the role of financial products within a company's liabilities and an investor's assets. The techniques for their valuation are thoroughly explored, with a particular focus on credit risk analysis and the structure of financial debt, which are central in today's financial landscape. Furthermore, we provide theoretical and practical analysis of primary self-financing instruments, encompassing both long and short-term bank financing options such as loans, credits, commercial discounts, factoring, forfaiting, confirming, leasing, renting, and other specialized financing alternatives that support business activities.

3 ECTS | Taxation and financial statements . (2do)
The course aims to provide an extensive understanding of the various taxes related to financial operations, with a particular focus on a detailed examination of the tax implications in corporate tax concerning corporate financing operations.

6 ECTS | Professional Internship (2do)

3 ECTS | International Corporate Finance. (1er)
This course covers financial management multinational corporations (MNCs), companies that operate businesses in international environments and markets, and that use international financial markets. Foreign operations and international financial markets provide MNCs management with new opportunities and new constrains. Corporate goal at MNCs continues being to maximize the value of the firm, but MNCs financial management requires additional analysis and techniques to manage these new business opportunities and risks. Course topics will include: Understanding financial management in international business. International accounting, disclosure and financial analysis. Foreign exchange risk: measurement and management of FX exposure. International investment decisions: capital budget, greenfield investment, cross-border M&A. International financing decisions: MNCs capital structure, MNCs WACC, subsidies funding. International cash management: TSC, cash pooling, international netting, global banking. Management control and reporting at MNCs. International transfer pricing policy and tax exposure.

3 ECTS | Proyect & Trade Finance. (1er)
Long-term financing of capital investment projects based on projected cash flow. The course concentrates on the practical aspects of project finance, the most frequently used financial technique for financing infrastructure projects and one of the investment asset classes growing the most from the point of view of investors’ asset allocation. The course will provide students both with the analytical skills and the practical tools to identify the different sources of risk of a project, to design a network of contracts to manage them, and to assess the project viability from a financial point of view. During the program participants will learn how to analyze and structure a complex project finance transaction, identifying the key elements of a project, and the optimal way of financing it. The program will provide participants with real-life cases, examples, practical managerial tools and frameworks on the formulation and implementation of project finance. The course will also analyze the basic tools in legal, financing and risk areas to achieve an international project with the maximum percentage of success. The student will gain a greater understanding of the international trade and, by extension, of the situation of world markets during the course. The ultimate objective is to equip students with a set of tools that will allow them to better analyze in their future professional life the social, economic and political characteristics of different countries, and how to approach them to make adequate business decisions. Some of the topics of the program are: Gain an overview of international trade financing. Understand the key risks in trade financing and measures to mitigate risks. Learn the key features and applications of essential documentation and methods of payment. Know the mechanism and applications of documentary collection and documentary credit. Discuss key differences of documentary collections and documentary credits. Structure working capital lines to meet clients’ trade finance requirements.

3 ECTS | Mergers, Buyouts, and Corporate Restructurings. (2do)
This course discusses various issues involved in mergers and acquisitions. It begins by discussing the methods of valuing a target firm. It then deals with various forms of acquiring a target firm. Finally, strategies for the acquirer and those for the target firm (defensive strategies) are discussed. The course includes different aspects like valuation issues, motives for mergers, forms of acquisitions (take overs, LBO, MBO, MBI...), and the different strategies (aggressive and defensive).

3 ECTS | Leveraged Finance. (2do)
During this course we introduce to the Debt Capital Markets (DCM) and how to help companies to raise debt in the markets. We analyze the different purposes for issuers and to appeal to different types of investors. We also analyze the main categories of bonds: investment-grade bonds, high-yield bonds, government bonds, emerging markets bonds, convertible bonds, covered bonds and asset backed bonds.

6 ECTS | Prácticas Empresariales. (2do)

3 ECTS | Investment Analysis and Decisions. (1er)
On one hand, the course covers technical analysis, encompassing chartism and technical indicators. It involves analyzing financial market movements through the study of price and volume graphs. This section explains the fundamental principles behind key chart patterns, providing step-by-step guidance and formulating investment strategies aimed at enhancing investment returns. On the other hand, the course delves into technical indicators, which are mathematical formulas represented graphically. These indicators attempt to correlate asset movements with potential future shifts, enabling the analysis of prevailing trends. The primary objective of the fundamental analysis section is to equip students with the knowledge and tools required to analyze a publicly traded company. This portion explores various company valuation methods and the qualitative aspects considered when making recommendations about publicly traded firms. It also covers the connection between economic and financial conditions and stock market valuations.

3 ECTS | Investment Strategies. (1er)
This subject equips participants with the knowledge and tools needed to create a financial plan tailored to each type of investor. It covers all aspects of financial planning, starting from profiling the investor to designing an investment plan, resulting in the preparation of a portfolio suited to each profile. The course also delves into how to monitor investments, conduct periodic reviews, and assess results from a highly practical perspective. Additionally, the subject addresses ethics in financial advice and explores MiFID regulations, which establish standards of conduct governing the actions of investment companies. These standards aim to ensure that services provided to clients are characterized by honesty, impartiality, and professionalism.

3 ECTS | Derivatives, Alternative Investments, Cryptocurrencies. (2do)
. The subject's objective is to familiarize participants with technology-driven financial activities, enabling them to acquire the specific knowledge required to implement investment strategies encompassing both traditional and alternative assets, such as cryptocurrencies and commodities.

3 ECTS | Advanced Investment Portfolio Management. (2do)
. The course covers the management of institutional portfolios, with an emphasis on the significance of asset allocation. It also delves into the study of hedge funds, which represent the realm of alternative management. This includes an examination of the primary investment styles, strategies, reference indices, and the utilization of technical analysis as a tool for analyzing quantitative trading strategies.

6 ECTS | Professional Internship (2do)

3 ECTS | Data Extraction, Transformation and Loading (SQL) in Finance. (1er)
This module introduces participants to the principles, practices, and data analysis approaches employed in the field of finance. It covers algorithms and statistical models used to facilitate financial analysis and decision-making across various industries and functions. The subject is tailored for individuals with diverse backgrounds and previous training, aiming to familiarize them with relational databases and the SQL language.

3 ECTS | Financial Data and Visualization Techniques. (1er)
Throughout the course, participants work with various visualization tools to create tailored presentations and reports for different audiences. These tools enable the integration of information from diverse sources, link it, automate processes, and align it with management criteria.

3 ECTS | Digital Finance (I): (Cloud & Blockchain and Finance). (2do)
The course delves into the examination of primary business models emerging in the financial market due to the digitalization of the economy. Participants analyze the key instruments and technologies to gain insights into a company's competitive positioning within the context of digital transformation processes in the financial sector. Additionally, they become acquainted with the principal digital components of planning, programming, and controlling financing scenarios.

3 ECTS | Digital Finance (II): Machine Learning, AI, and Finance. (2do)
This subject cultivates participants' data analysis and comprehension skills for making business decisions through artificial intelligence systems, specifically machine learning. From a practical and applied standpoint, participants become acquainted with supervised learning and data classification techniques. They also explore statistical concepts and algorithms that aim to identify behavioral patterns and processes, enabling trend inference and predictions within the realm of finance.

6 ECTS | Professional Internship