Get in-depth understanding of the complex trends and processes that drive the dynamic modern financial world. Become the best financial expert you could be.
Banking of tomorrow will require a new generation of managers with long-term, yet flexible vision and a whole arsenal of ideas, solutions and approaches.
The ever-changing property landscape is transforming on international scale – in profile, value and trends. Will you be ready for that market tomorrow?
Learning Objectives
The learning objectives of the course are two: strategic thinking & problem solving skills and management knowledge.
During the management knowledge, participants will understand all the core concepts of financial analysis including:
During the strategic and problem solving part, participants will gain exposure to independent problem solving and simulations taken from a real work context. Students will be able to synthesize the basic elements of financial analysis being able to communicate those elements through relevant documents, and they will learn to use quantifiable skills appropriate to problem solving in a real world context.
Participants will be, also, able to analyze financial and business situations using data, knowledge of theory and logic to make recommendations for problem solving and decision-making. They will develop the capacity to exercise good judgment; they will be able to grasp facts and concepts and apply them to solve problems, draw conclusions and recognize consequences; and they will be able to break down or put together ideas and information to clarify relationships and produce conclusions and plans.
Course Contents
The course will cover the following topics: the objectives of corporate finance; the analysis of annual reports and their interpretation and reclassification; the identification of “reasonable” ratios that will allow to understand the financial health of a company; the valuation of ex ante and ex post cash flow statement; the discovery of the relevancy of the concept of planning; working capital valuation.
Topics
Learning Objectives
The purpose of this course is to introduce the participants into the basics of modern corporate finance, which comes coherently after the course of financial analysis. In this course we will work on investment policy (capital budgeting and valuation) and financial policy (capital structure, and dividend policy). The themes we deal with in this course are particularly relevant for business decision-making in areas as whether or not to invest in a firm or project, and how to deal with uncertainty. Corporate finance can be seen as supportive to other fields such as strategy or marketing; often in these fields the business decisions are formulated (e.g., in what markets or products should we invest), whereas in corporate finance we value these choices and analyze how to fund them best.
Course Contents
Learning Objectives
This course will provide participants with techniques and models of data analysis to assess values and assumptions to support managerial and financial decisions. It aims to show how quantitative methods are applied in a real context. Focal points of the course are analysis of internal and external data, decision making based on “rational methodologies“, deterministic and stochastic simulation for financial evaluations.
Course Contents
Learning Objectives
Which are the effects of international financial markets and institutions on the global economy? Will the economy improve in the future so that it is a good to time to invest in a specific asset? Which is the best strategy to finance a specific business?
This course provides answers to these kind of questions by examining how international financial markets and institutions work and how they affect our everyday life.
Huge flow of funds throughout global financial markets is transferred every second which in turn effect business profits, production of goods, services and economic well-being of countries. By the end of the class, students will gain a broad understanding of the key issues in inter-national finance. Students will be able to identify the appropriate theoretical discussions and to evaluate their applications in the real world.
The course will also focus on current events reported in the financial press by starting each class with an extensive class discussion of what has recently appeared in the Financial Journals and will use the analytic frameworks developed in class help us to understand these developments
Course Contents
This course provides an introduction to the study of financial assets and international financial markets. Topics covered include:
The course will address questions such as the following:
Learning Objectives
The objective of the course is to introduce the participants to the real estate market explaining rules, links with the financial sector and players’ roles. Students will be provided with an overview of the industry to understand how players face problems to get to the proper solution and with a basic knowledge to develop their skills in the field.
The objective of the course is to provide the students with the basic principles of financial analysis, in order to allow them to evaluate the development, trading, financing and portfolio management operations, along with a clear understanding of the inner and outer critical factors relative to real estate market transactions.
Course Contents
The course will provide an introduction to real estate economics and the relationships with the capital market. After the analysis of the main economic characteristics of properties, students will be engaged in the understating of an economic model connecting the space market with the broader capital market and developers’ activity. Then, students will examine, understand and apply the most important real estate valuation approaches (market, income, financial) through class sessions and case studies. The valuation techniques will be a key factor to identify the most important aspects to develop a comprehensive real estate business plan for both internal and fund raising purposes.
The first part of this course begins with a general overview of the real estate market followed by an analysis of the decision - making process involved in any direct real estate investment. In the second part, we will turn to debt financing instruments such as property loans.
The structure of the course makes your individual study and preparation outside class extremely important.
The course covers the real estate market providing the students with the necessary tools in order to understand the tendencies of the different market segments (residential, office, commercial and industrial) and the various business models used by the major players (property companies, property management companies, developers, real estate funds).
Among the other contents, real estate financing techniques will be explained in order to understand the difference between the traditional corporate finance approach and the structured approach commonly used in property financing.
For all the topics, after an introductory theoretical part needed to provide basic tools, the course will include case studies, financial models for real estate and examples based on the main transactions occurred over the last few years.
Curriculum
Learning Objectives
The course aims to build the map of the various areas of banking supply business, highlighting the distinctive features and developing an analysis of threats and opportunities in each of them, within the following long-term trends in the competitive environment: over-regulation, digitalization, low or even no inflation. The definition and construction of the strategy stems from the combination of the presence in the various business areas, and takes into account the capital constraints, the geographic reference and the medium- to long-term development objectives. In this light, the strategy setting is the outcome of the definition of customer-product-market combinations, within an organizational and corporate structure that aims to achieve significant profitability targets for both shareholders and stakeholders. The course offers an understanding of efficient, original and responsible use of the key relationships that connect the above-mentioned features.
Course Contents
Learning Objectives
The course is focused on the valuation of corporations and SMEs from a financial point of view. Emphasis is given to valuation methodologies (and related issues) in broad sectors of the economy, including the manufacturing, consumer and services industries, as applied in practice. A special section of the course is expressly dedicated to corporate valuation applied to LBO and M&A deals. The primary objective of the course is to provide students with:
Most exercises and case studies will be centered on corporate valuation issues using Discounted Cash Flows analysis (DCF), the Dividend Discount Model (DDM), trading multiples and transaction multiples approaches. These will be complemented by sector-specific and situation-specific valuation techniques, benchmarks and metrics.
Course Contents
Learning Objectives
Course Contents
The main goal of the course is to combine a very rigorous theoretical approach with an applied view very closed to the language and the world of practitioners. For that reasons, a strong attention is given to provide and to build practical knowledge and technical skills on the following domains:
Learning Objectives
The course covers the international real estate markets providing the students with the necessary tools in order to understand the tendencies of the different geographical markets segments (Europe, U.S., CEE and emerging countries) and the various players.
The real estate capital markets will be described with a focus on REITs, property companies and real estate funds.
Topics will emphasize the importance of strategy and implementation in cross-border real estate investment, and include: the rationale, opportunities and risks of international real estate investing; the macro factors that influence the performance of real estate markets across countries; market specific factors that impact RE investment performance (property rights, taxes, transparency, planning procedures); the qualitative aspects of identifying and achieving successful projects; the growing market for international RE securities and strategies for portfolio management.
The topics covered thru reading, assignments, discussions and class project will allow prospective investors to assess the risks and rewards of major global real estate investment structures and make more informed decisions when considering international real estate in their portfolio of investments.
The structure of the course makes your individual study and preparation outside class extremely important.
For all the topics, after an introductory theoretical part needed to provide basic tools, the course will include case studies and examples based on the main transactions occurred over the last few years.
Course Contents
Course Contents
This is a course that covers topics related to the financing of new ventures. In particular, it covers the fundamentals related to the “life cycle theory” of financing enterprises and the staging of venture capital investments. The course also addresses the key management objectives and techniques of the Venture Capital (VC) industry. Sessions related to the different forms of exit from VC investments, in particular the Initial Public Offering, ends the program.
Curriculum
Learning Objectives
Students will learn and understand a methodology and financial technique to realize infrastructure investments projects. Students will also master key concepts commonly used in Project Finance and will understand how a Project Finance deal is structured, from contractual design, to risk allocation end financial modeling. Project and infrastructure finance will be analyzed from several viewpoints: the public authority, the end users, the lending institutions.
The difference between traditional corporate financing and specific project financing will be highlighted, stressing how a project financing framework deals with specific finance topics of managerial finance such as:
Course Contents
Students will master key concepts commonly used in project financing, such as:
Students will also be exposed to understanding the following:
Learning Objectives
This course is focused on the different dimensions of risk, and students will learn to understand why risk is costly to the firm and why risk management creates value to the firm. The different sources of risk will be analyzed.
The aim of the course is to provide the participants with elements for understanding the most significant categories of risks, the different policies for their control and their impact on credit pricing.
Techniques of risk assessment and risk control will be explored so that participants will be able to analyze the impact of different levels of exposure on the enterprise value.
The course combines both an inside as well as an outside view of the corporate risk management activities. That will give a strongest appreciation of the value of risk control actions.
Course Contents
Learning Objectives
This course provides students with a clear picture of the wealth management business. Given that investors should attempt to achieve their financial goals considering portfolio diversification and hiring asset managers to practically implement it, the second aim of the course is to provide a comprehensive analysis of the portfolio construction process. After we have set the objectives for an investment, developed a portfolio strategy (or a strategic asset allocation) with good chance of meeting the goals and purchased the securities or mutual funds to really build the portfolio, the next step is to understand how results have to be assessed. The course aims to give students the most important tools used in the investment performance measurement.
Course Contents
Learning Objectives
(Un)Successful organizations are the result of the managerial action. In particular our course focuses on a two-level framework, which deals with the individual, and the others. Through the discussion of cases and experiences, and the use of appropriate theoretical references, the learning goals are the following:
Course Contents
The content of our course will be based on the following main pillars:
Learning Objectives
The course aims at providing an understanding of the markets for derivatives instruments (forwards, futures¸ options and swaps) and of their uses for hedging and trading by corporations and financial institutions. The course will also explain how to price and calculate the market value of most plain vanilla derivatives.
We assume students have a basic knowledge of the functioning of derivatives (e.g. the difference between Exchange traded and over the counter derivatives) and of the characteristics and valuation of the underlying assets (stocks and bonds).
Course Contents
Forward and Future contracts
Forward rate agreements.
Swaps
Options
Learning Objectives
(Un)Successful organizations are the result of the managerial action. In particular our course focuses on a two-level framework, which deals with the individual, and the others.
Through the discussion of cases and experiences, and the use of appropriate theoretical references, the learning goals are the following:
Course Contents
The content of our course will be based on the following main pillars:
The total tuition fee is € 22.500, and is paid in four installments. (The fee includes tutorials and teaching materials.)
*Travel expenses and accommodation in Sofia are not included. Each participant must have his/her own laptop.
Who can apply for this type of loan:
* The loan amount depends on the individual credit score of each borrower (which is formed on the basis of income and indebtedness).
** BIR – an interest rate, based on savings.
Example: APR (annual percentage rate of charge):
4.66%, calculated on a loan amount of 22,500 euro, a repayment period of 60 months, with an annual fixed interest rate of 4.50% for the first 12 months and an annual floating interest rate of 4.50% for the rest of the repayment period. The monthly installment given the specified parameters and a fully utilized credit is 420.18 euro. The total amount due is 25210.53 euro.
Address:
1, Universitetski Park St.
Sofia, Studentski Grad
Telephone:
+359 2 960 79 44
Email: