Programme brochure 2009 - 2010 by WidnesVikings

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									Programme brochure
2009 - 2010
for future leaders in the world of finance
        Duisenberg school of finance is a joint initiative of the financial industry,

        academic institutions and the Dutch government. The mission of Duisenberg

        school of finance is to be one of the world’s leading academic institutions in

        finance, and to prepare students for careers as future leaders in the world of

        finance. We offer a unique combination of academic theory and professional

        expertise from the financial market. applicants with an excellent academic

        record can be rewarded with a generous scholarship.




To meet these objectives, Duisenberg school of finance has teamed up          Part-time Programme The full-time programme can be completed in
with Erasmus University rotterdam, University of amsterdam,                   12 months, the part-time programme in 24 months. Part-time students
VU University amsterdam, Tilburg University and Tinbergen Institute to        should discuss their plan of study with the Programme Directors.
create a pool of top-notch experts in the field of finance. Students in our
programmes benefit from the best available national and international         The programme is structured in a modular way, meaning that courses
expertise and can gear their course profile and industry exposure to best     are taught and examined in blocks of eight weeks. This makes it easier
serve their career ambitions.                                                 for part-time students to plan their course attendance alongside their
                                                                              regular job activities.
Our students and graduates are educated to operate in leading positions
in the national and international financial industry, the corporate sector,   Academic Schedule The introduction is scheduled towards the end of
research agencies and academia.                                               august. a course typically consists of a three hour lecture in each of the
                                                                              first seven weeks. alternatives to this standard format are possible and
all programmes consist of a mixture of advanced courses in finance,           the programme requires flexibility in this respect from our students.
independent research cumulating in a master thesis, a mandatory               The last week of each block serves as the exam week.
internship and practise based knowledge.
                                                                              Tuition Fee and Scholarships The tuition fee for Duisenberg school of
Admission Each programme has its respective admission requirements.           finance programmes for the academic year 2009 - 2010 is € 26.000,–.
given the high academic profiles of all Duisenberg school of finance          The fee includes tuition and supervision.
programmes, students should be prepared for more than the usual
master programme. We distinguish two streams of applicants:                   Each year scholarships will be made available on a competitive basis.
prospective students who have just finished a Bachelor or master              The scholarships are (partial) tuition fee waivers. Opportunities for
programme and professionals who have gathered some years of                   research assistantships may be offered.
industry experience. Each programme admits a maximum of 30 students
per year. all programmes require that students can demonstrate fluency
in spoken and written English. a typical benchmark would be TOEFl (Test
of English as a Foreign language) or IElTS (International English language
Testing System).
Mphil and PhD                                                                 MSc in Financial Markets
Programme in Finance                                                          and Investments
Programme director: Prof. dr. Andre Lucas                                     Programme director: Prof. dr. Bas J.M. Werker


Purpose of the Programme Duisenberg school of finance together with           Purpose of the Programme Financial markets are at the heart of the
the renowned Tinbergen Institute offers a dedicated two year mPhil            international financial system. This programme offers a broad and
programme in Finance, followed by three year PhD positions in Finance.        fundamental understanding of these markets and possible investments
The mPhil and PhD programme are research oriented and go beyond a             therein. The programme pays particular attention to incentives,
regular mSc degree. Students gain a deeper understanding of the funda-        behaviour, and regulation of the various players/institutions (such as
mentals of financial economics (asset pricing, microeconomics, informa-       hedge funds, regulators, banks, and pension funds). Thereby, the
tion, corporate finance) as well as the methodology (mathematics,             programme offers an integrated, analytical and critical approach to
statistics, econometrics) needed to be successful in research. The pro-       understanding financial markets and their investment opportunities.
gramme stimulates students to engage in critical, innovative thinking,        Students will be confronted with key financial and economic principles
thus lets them develop into independent researchers, ready to shape their     in a demanding and stimulating environment. Emphasis lies on
further career in either the financial industry or academia.                  understanding the underlying mechanisms and being able to implement
                                                                              ideas in day-to-day financial decision making. Throughout the programme
Programme Outline In the first year, mPhil in Finance students complete       students have discussions about current market developments in
a core that consists of three course sequences:                               wrap-up meetings. a thesis is written at the end of the programme,
1. asset Pricing and Financial markets (20 ECTS): Dynamic Stochastic          based on an extensive internship.
  general Equilibrium models, Portfolio allocation, Derivatives, asset
  Pricing, International Finance;                                             Programme Outline The programme has a total of 72 ECTS spread out
2. microeconomics and Corporate Finance (20 ECTS): Individual Decision        over five blocks. The curriculum comprises mandatory courses plus
  making, game Theory, Information and Behavioural Economics,                 electives. a master thesis is typically developed during an internship.
  Contract Theory, Corporate Finance;
3. methods (20 ECTS): mathematics I+II, Statistics/Econometrics I+II or       Accreditation Duisenberg school of finance will seek accreditation
  advanced, Econometrics I-III.                                               for the mSc in Financial markets and Investments by the NVaO
                                                                              (accreditation Organisation of The Netherlands and Flanders).
In the second year, students complete 30 ECTS of specialised coursework
following their research interests. The programme is completed with the       Entry Requirements Students are admitted to the programme on
mPhil thesis (30 ECTS), proving the student’s ability to produce original     the basis of an individual assessment. applicants hold at least
academic research. after the mPhil programme, successful students have        a Bachelor degree from a reputable university, preferably in economics
the opportunity to engage in 3-year PhD positions under individual            or business with either a finance or quantitative track. Professional
supervision by an international expert in their field.                        experience is a strong advantage but not mandatory. To ensure that
                                                                              students are well suited for the programme, we require evidence of
Entry Requirements The mPhil programme attracts top students                  English language proficiency (TOEFl or IElTS) and either a gmaT or
world wide.                                                                   grE score.
1. Students have at least a Bachelor’s diploma, preferably in economics,
  econometrics, mathematics, or physics. The Bachelor’s programme              Courses in bold are mandatory, all other courses are electives.

  should have been completed before the start of the mPhil programme.          Block 1:                             Block 3:
2. recent grE results are required. Scores that are more than two years old    Asset Pricing | Corporate            Alternative Investments |
                                                                               Valuation | Econometrics             Derivative Markets | Elective 1
  are not valid and will not be considered.
3. an excellent command of English is crucial. Students whose native
                                                                               Block 2:                             Block 4:
  language is not English are therefore required to demonstrate English        Equity Markets | Fixed Income        Financial Regulation |
  proficiency in one of two ways:                                              Markets | Incentives and             Portfolio Allocation | Elective 2
  a. by holding a degree from a Dutch university or an institution at which    Behavioural Finance
    English is the language of instruction, or                                                                      Block 5:
                                                                                                                    Internship and Thesis |
  b. by TOEFl or IElTS Scores. Scores more than two years old are not valid
                                                                                                                    Wrap-up Meetings
    and will not be considered. Tinbergen Institute’s code number for the
    TOEFl is 3811.                                                                                                  Electives:
                                                                                                                    International Banking |
Chinese nationals are required to register with the Netherlands Education                                           Market Microstructure |
Support Office NESO in Beijing to obtain a NESO Certificate.                                                        Real Estate Finance
LLM in Finance and Law
Programme director: Prof. dr. Joseph McCahery


Purpose of the Programme Duisenberg school of finance offers
career oriented education in finance and law leading to an llm .
The programme is designed for students who require an understanding
of economic and legal methods necessary for dealing with the rapidly
changing financial instruments and legal areas of modern commercial
and corporate practice. In particular, it seeks to provide students with
competence in corporate finance, quantitative methods and financial
instruments and more focused skills in corporate law, international
business transactions and emerging markets law and finance.
Case analysis and simulations will be integrated in the programme.
The programme, which is strongly international with an emphasis on
the legal areas of the European Community and the United States,
introduces students to the methodological tools employed in modern
accounting, corporate finance, and international business law analysis.
Not only do the courses encourage students to make active use of such
techniques, but also introduce them to the most recent developments
in the main areas of finance and law.


Programme Outline The programme has a total of 70 ECTS. In order
to obtain an llm degree, students must have a minimum of 60 credits
through course work and a total of 10 credits for the master’s thesis.
Participants have a wide range of electives to choose from the
Duisenberg school of finance portfolio of courses.


Accreditation Duisenberg school of finance will seek accreditation for
the llm in Finance and law by the NVaO.


Entry Requirements applicants are expected to hold a good degree
from an accredited university in law, economics or a business related
subject. We require evidence of English language proficiency (TOEFl or
IElTS). Professional experience is helpful but not essential.




 Courses in bold are mandatory, all other courses are electives.

 Block 1:                               Banking Law | Economics of
 Finance and Financial Markets |        Entrepreneurship | Law and
 Quantitative Methods | Financial       Regulation of Insurance
 Accounting | Contracts | WTO
 Law: Institutions and System of        Block 4:
 Dispute Settlement                     Emerging Markets Law and
                                        Finance | Banking and Securi-
 Block 2:                               ties Regulation | Bankruptcy,
 Corporate Finance | Internatio-        Corporate Restructuring and
 nal Corporate Law | M&A Law |          M&A | Business Tax Planning
 Investments | Valuation |
                                        Block 5:
 Block 3:                               Internship and Thesis
 Corporate Law and Tax Law |
 Corporate Governance | Econom-
 ics of Enforcement | Law of
 Central Banking | Commercial
Finance and Law (MSc)                                                        MSc in Risk Management
Programme director: Prof. dr. Joseph McCahery                                Programme directors: Prof. dr. Casper G. de Vries and
                                                                             Prof. dr. Andre Lucas
Purpose of the Programme Duisenberg school of finance offers a
Finance and law programme: one year full-time or two years part-time.        Purpose of the Programme The recent turmoil in financial markets
The curriculum is a private law-oriented programme that is designed for      has revealed an urgent need for experts in financial risk management.
students who require a solid foundation in the principles of international   Duisenberg school of finance is uniquely positioned to offer students a
business transactions, trade and investment, corporate finance,              challenging curriculum in this area. The mSc programme in risk
financial markets and institutions, financial instruments, company           management is highly analytical and combines the different disciplines
law and corporate governance and structured finance. There is a clear        that make up the field: finance, mathematics, economics, and statistics.
need in the industry for expert graduates who combine a strong               Students develop a thorough understanding of the methodological
background in finance and law. Duisenberg school of finance is uniquely      aspects of risk management (mathematics, stochastic processes,
positioned to provide an excellent curriculum in this challenging area.      statistics), their implementation (programming, econometrics), the
This programme has been developed and executed in close coopera-             underlying financial theory (economics, asset pricing, incentives) and
tion with the amsterdam Business School, University of amsterdam.            the integration and application of all of these in risk management
                                                                             (enterprise wide risk sources, risk management techniques, derivatives).
Programme Outline The programme has a total of 70 ECTS. In order             The programme is taught with a hands-on philosophy, combining
to obtain a mSc degree, students must have a minimum of 60 credits           frontier academic methodology to real-life risk management problems.
through course work and a total of 10 credits for the master’s thesis.       Upon completion, students are ready to embark on a career in a field
Participants have a wide range of electives to choose from the               where top expertise is scarce.
Duisenberg school of finance portfolio of courses.
                                                                             Programme Outline The programme has a total of 84 ECTS and is
Accreditation The Finance and law programme, which is NVaO,                  structured in a modular way. During seven weeks, typically three
EQUIS and EPaS accredited, leads to the master of Science in                 modules will be taught in parallel. The eighth week is reserved for the
International Finance from the University of amsterdam.                      written exam. The structure facilitates participation of professionals
                                                                             (part-time students) as much as possible.
Entry Requirements applicants are expected to hold a good degree
from a university in law, economics or a business related subject. We        Accreditation The programme in risk management leads to the
require evidence of English language proficiency (TOEFl or IElTS) and        NVaO accredited mSc in Finance degree at VU University amsterdam.
a gmaT score. Test scores are a useful guide for the allocation of
scholarships. Professional experience is helpful but not essential.          Entry Requirements Prospective students for the Duisenberg school
                                                                             of finance risk management programme have a solid quantitative
                                                                             background and hold a mSc degree in (Quantitative) Economics or
                                                                             Business, a BSc Econometrics, BSc mathematics, BSc Physics or an
                                                                             equivalent degree. We require evidence of English language proficiency
                                                                             (TOEFl or IElTS) and grE score. Test scores are a useful guide for the
                                                                             allocation of scholarships.


 Courses in bold are mandatory, all other courses are electives.

 Block 1:                              Block 4:                               Block 1:                             Block 4:
 Finance and Financial Markets |       Emerging Markets Law and               Programming | Measure &              Risk Management Techniques,
 Quantative Methods | Financial        Finance | Banking and                  Probability Theory | Financial       Part 1 | Derivatives, Part 2 |
 Accounting                            Securities Regulation |                Econometrics                         The Economics of Risk and the
                                       Elective 3 | Elective 4                                                     Financial Sector
 Block 2:                                                                     Block 2:
 Corporate Finance | M&A Law |         Block 5:                               Stochastic Processes and Ito     Block 5:
 Investments                           Thesis | Internship                    Calculus | Numerical Methods     Risk Management Techniques,
                                                                              and Optimization | Asset Pricing Part 2 | Applied Risk Manage-
 Block 3:                              Electives:                                                              ment | Internship and Thesis
 Corporate Law and Tax Law |           Bankruptcy, Corporate                  Block 3:
 International Banking |               Restructuring and M&A |                Actuarial Mathematics and
 Elective 1 | Elective 2               Business Tax Planning |                Modelling | Derivatives, Part 1
                                       Corporate Governance |
                                       Economics of Enforcement |
                                       Entrepreneurial Finance |
                                       International Corporate Law |
                                       International Finance
Corporate Finance
and Banking (MSc)
Programme directors: Prof. dr. Enrico Perotti
and dr. Zacharias Sautner


Purpose of the Programme The Corporate Finance and Banking
programme is designed to educate top talent in the areas of corporate
finance, banking and corporate governance. The programme seeks a
more comprehensive and rigorous understanding than in a traditional
mBa or executive training courses, aiming at teaching best practice
and how it should adapt as circumstances change. In particular, it
offers more advanced valuation and hedging methods and more focus
on fundamental skills in the areas of financial intermediation and
investment banking (e.g. credit analysis, governance assessment
techniques), and insight in financial regulation which may be of guide
in a changing framework. Case analysis are integrated with analytical
skills drawn from state-of-the-art corporate finance research on moral
hazard and incentive issues, to produce deeper insight into contracting,
regulatory and governance issues. Special attention will be given to
evidence from empirical academic research. Top international academics
will participate in teaching advanced course and industry sponsors will
make frequent appearance in special lectures and business cases.
There is generous scholarship support for the best applicants. This
programme has been developed and executed in close cooperation
with the amsterdam Business School, University of amsterdam.


Programme Outline The programme requires 70 ECTS spread out
over five blocks. The curriculum comprises mandatory courses plus
electives, and a master’s thesis typically developed during an internship.
Within the programme there is a general and a more quantitative
track, and ample choice of electives. Practitioners and academic
seminars take place during the whole academic year.


Accreditation The Corporate Finance and Banking programme,
which is NVaO, EQUIS and EPaS accredited, leads to the master of
Science in International Finance from the University of amsterdam.


Entry Requirements applicants hold at least a Bachelor degree from           Courses in bold are mandatory, all other courses are electives.

a reputable university, preferably in economics or business. Some            Block 1:                        Block 4:
professional experience is a plus, but the course is targeted at young       Corporate Valuation |           Credit Analysis and Advanced
                                                                             Quantitative Methods or         Valuation | Financial Regula-
talent with modest work experience. We require evidence of English
                                                                             Econometrics | Financial        tion | International Corporate
proficiency (TOEFl or IElTS) and a gmaT or grE score, which are
                                                                             Accounting                      Finance | Portfolio Allocation |
important for the allocation of scholarships.                                                                Emerging Markets Law and
                                                                             Block 2:                        Finance | Bankruptcy,
                                                                             Advanced Corporate Finance | Restructuring and M&A | Bank-
                                                                             Investments or Equity Markets | ing and Securities Regulation
                                                                             Incentives and Behavioral
                                                                             Finance | Equity Markets or     Block 5:
                                                                             Fixed Income Markets            Internship and Thesis


                                                                             Block 3:
                                                                             International Banking | Corpo-
                                                                             rate Governance | International
                                                                             Finance | Derivative Markets or
                                                                             Financial Derivatives
Do you want to be a future
leader in the world of finance?
Duisenberg school of finance
Roetersstraat 33
1018 WB Amsterdam
The Netherlands
T +31 (0)20 525 85 80
info@duisenbergschooloffinance.com
www.duisenbergschooloffinance.com


Programme Managers:
wim.touber@duisenbergschooloffinance.com
marieke.wagter@duisenbergschooloffinance.com




                           For more information visit our website:
                           www.duisenbergschool of finance.com




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