FINANSIELL ØKONOMI (FIE)

2015-2016

INFORMASJONSMØTE 15 APRIL 2015

PROFESSOR TORE LEITE

INSTITUTT FOR FINANS

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FIE: Intro

• FIE most popular major in the NHH-masters program

• Spring 2014: Finance had 35% of all masters students

• Possible reasons- interesting and exciting subject- Historically strong job prospects (finance masters best paid of the NHH graduates)- “norske meglerhus domineres av tidligere NHH-studenter ” Finansavisen August 2014 - 50-65% of the 50 best bachelor students at NHH has chosen FIE since 2005

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Finansiell økonomi

Investorer ForetakKapital- marked

Kapitalforvaltning Corporate Finance

‘Sparing’ ‘Prising’ ‘Investering’

Makroøkonomi

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FIE: Basic structure

The finance program offers two ‘’specializations’’

1. Corporate Finance• Topics include the valuation of firms, financing choices and sources, mergers&acquistions etc.

2. Financial Markets• Topics include the valuation of securities, portfolio management, stocks, bonds, and derivatives,

risk management, securities trading etc.

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FIE: Basic structure

• Each student is required to take at least- Two core finance courses- One methodological course- Three electives in financial economics- Six courses outside finance - Thesis

• Suggested time line- First semester: core courses, methodological course, one course outside finance- Second and third semester: elective finance courses, and elective courses outside finance- Fourth semester: MASTERS THESIS

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Mandatory Courses

• Mandatory Finance courses: two out of the following three courses

- FIE 400 Investments/Financial Markets- FIE 402 Corporate Finance- FIE 403 Business Cycle Analysis

• Mandatory methodological course: one out of the following three courses

- FIE 401 Empirical Methods in Finance- ECN 402 Econometric Techniques- FIE 439 Empirical Analyses of Financial and Commodity Markets

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FIE: Elective Courses - FIE 421 Long-term macroeconomic analysis- FIE 425 Derivatives and Risk Management- FIE 426 Asset Management- FIE 428 Corporate Financial Management- FIE 433 International Finance- FIE 434 Behavioral Finance and Wealth Management- FIE 435 Financial Modeling- FIE 436 Venture Capital, Private Equity, IPOs- FIE 437 Valuation- FIE 438 Applied Portfolio Management- FIE 441 Taxes and Business Strategy- FIE 442 Growth and Architecture of Financial Systems- FIE 443 Mergers and Acquisitions- FIE 444 Banking- FIE 445 Project Finance- ECO 403 Time Series Analysis and Prediction- ECO 420 Corporate Governance- ECO 421 Asset Pricing- ECO 422 Advanced Corporate Finance- ECO 423 Principles of Derivatives Pricing and Risk Management- ECN 430 Empirical Methods and Applications in Macroeconomics and Finance

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Specialization in Corporate Finance

• Prepares students for careers in finance functions in

corporations, investment banking/M&A, commercial banking,

private equity, management consulting, financial advisory, etc.

• Provides a framework for assessing the value impact of project

decisions, capital budgeting choices, mergers&acquisitions,

restructurings, and financing choices

• Topics include valuation, the link between financial markets and

corporate decisions, corporate governance, mergers and

acquisitions, banking, and private equity.

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Corporate Finance Courses

• FIE 428 Corporate Financial Management

• FIE 433 International Finance

• FIE 436 Venture Capital, Private Equity, and IPOs

• FIE 437 Valuation

• FIE 443 Merges and Acquisitions

• FIE 444 Banking

• FIE 445 Project Finance

• FIE 420 Corporate Governance

• ECO422 Advanced Corporate Finance

• FIE 401 Empirical Methods in Finance

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Specialization in Financial Markets• Prepares students for a broad set of careers in the finance industry, including

portfolio management, security analysis, asset allocation, quantitative

investment methods, securities sales and trading etc.

• Provides an analytical foundation for understanding risk and return, value

creation, arbitrage, and regulatory and legal institutions in financial markets

• Topics include security pricing and implications for portfolio management,

behavioural finance and investor psychology, risk management, and the

pricing of derivatives.

• In addition, students can learn about the interaction of financial markets and

macroeconomics, and study how financial markets are both a source for

information and a tool for financial regulation and economic policies.

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Financial Markets Courses

• FIE 421 Long-term Macroeconomic Analysis

• FIE 425 Derivatives and Risk Management

• FIE 426 Asset Management

• FIE 433 International Finance

• FIE 434 Behavioral Finance and Wealth Management

• FIE 435 Financial Modeling

• FIE 438 Applied Portfolio Management

• ECN 402 Econometric Techniques

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For more information about the Finance master at NHH see:

https://www.nhh.no/en/study-at-nhh/master-programmes/finance.aspx