Mini Masters of Science in Finance
Dates: Sept. 16 - Oct. 8, 2022, (2 sessions per week) | Location: UH Campus | Cost: $3,500
About the Program
An understanding of finance concepts and terminology is essential for all aspects of business and management. The mini-MSF is designed for professionals with a finance background who want a refresher course, but also for managers with other backgrounds who are exposed to finance terminology in their workplace and want to explore these topics in more depth.
The program includes as much practical knowledge as possible to maximize the use of your precious time. It consists of eight modules. Each module starts out with a brief review of the basics, before moving on to more advanced topics and models. You will learn how to implement the most important techniques and tools covered in the modules using spreadsheets. Instruction is provided by the Bauer College of Business’ world-class Faculty.
The eight modules include:
Financial Statement Analysis for Valuation
- Financial flows and the income statement
- Assets, ownership, and the balance sheet
- Matching principles in accounting: revenue, expenses, and time periods
- Accounting net income and retained earnings
- The cash flow statement
- Computing free cash flow
- Key footnotes to financial statements for valuation
Net Present Value and Valuation
- Introduction to the basic principles of finance: time value of money and the relationship between risk and return
- The discounted cash flow (DCF) framework of valuation: unlevered free cash flow and weighted average cost of capital (WACC)
- Applying Net Present Value (NPV) to project valuation.
Economic Concepts for Finance
- Opportunity costs and the theory of choice
- Demand and supply, gains from trade, and the theory of exchange
- Cost analysis: fixed, variable, average, marginal, and sunk cost
- Breakeven analysis
- Market structure: competitive markets, monopolies, oligopolies, market concentration
Fixed Income Securities
- Overview of different debt issuers: the federal, state and local governments, corporations, and intermediaries. Differences between these debt securities.
- Yield to maturity and the risks faced by fixed income investors, with a focus on interest rate risk and default risk
- Analyzing and quantifying these risks using duration, credit ratings and more advanced
Personal Financial Planning
- Creating and analyzing personal financial statements.
- Qualified and non-qualified retirement plans and retirement needs analysis.
- Personal risk management topics; property/casualty/liability/disability Insurance.
- Topics in estate planning. Wills, trusts and powers of attorney.
Options and Derivatives
- Analysis of the structure and payoffs of options and futures contracts and various trading strategies
- The determinants of the value of an option and the Black-Scholes option pricing model
- An introduction to more complex derivatives and regulation
Mergers and Acquisitions
- Broad overview of M&A transactions: (i) why do companies undertake these transactions; (ii) methods of payment and financing; and (iii) implications for shareholder value of the acquiring and target firms
- Introduction to private equity and leveraged buyouts
- Legal and institutional framework: (i) the role of the board of directors; (ii) introduction to antitakeover provisions; (iii) the role of activist investors; and (iv) regulation of M&A activity
Energy Finance and Risk Management
- Understanding the value-creation drivers of the Oil & Gas industry
- Discounted cash flow and other valuation techniques applied to the O&G industry
- Mergers and acquisition in the O&G industry: strategy and tactics, valuation methods, and deal design
- Risk management methods in the O&G industry: real diversification, structured contracts, energy derivatives, and swaps