In our economy, companies need experts with a complete view of finance in the current Spanish company , who understand the financial criteria and their techniques and are able to successfully meet the new demands.

The Master in Financial Management (MDF) of ESIC offers the opportunity to become an expert in business finance . Through a broad, rigorous and practical training that ensures financial training and enhances the development of managerial skills.

The MDF has a faculty consisting of company professionals with a managerial profile who share their knowledge and experience with students through practical, didactic and interactive training.

characteristics

  • It incorporates to the management the criteria imposed by the market, since it is this that determines the success or failure of the company
  • It details the key functions and techniques of finance that make up its nature and essence common to any type of organization and that, while they can not be ignored in any case, have to be adapted with creativity and flexibility in each circumstance.
  • It adds the relevant parameters of the environment, contemplating the permanent process of financial globalization, understood as the growing interaction between the different markets and not the mere geographical diversification of business operations.
  • Integrates the financial function in the broader framework of the business strategy, linking finance with operational decisions.

Differential Factors

  • Placement rate: 92% of our students find a job within six months of finishing the Master.
  • Ranking: ESIC has been selected by the Financial Times magazine as one of the 4 best schools in Spain to study for a master's degree in finance.
  • Experience: It is the Spanish financial master with more experience, 100 editions since 1992 and 2000 graduated students.
  • Schedule: Compatible with professional activity. Six sessions of support will be given on weekdays that complement the weekend trunks.
  • Faculty: Teaching staff composed of a team that combines their professional work with teaching, providing the program with a balance between knowledge and experience of undoubted interest for students.
  • Strategy and financial management simulator: It offers an excellent experience to practice, in virtual terms, the work that the management of any SME must develop.

Candidate profile

  • Financial professionals who want to update their knowledge.
  • Advisors and consultants of companies wishing to have access to a systematic and rigorous review of their financial management
  • University graduates who wish to specialize in finance, treasury management, management control, accounting information systems or administration.

Student Profile

The Master in Financial Management is conceived as a specialization program for:

  • Financial professionals who want to update their knowledge
  • Advisors and consultants of companies that wish to have access to a systematic and rigorous review of their financial management
  • University graduates who wish to specialize in finance, treasury management, management control, accounting information systems or administration.

Methodology

The methodology applied by this Master encourages the development of your technical and management skills.

You will be able to perfect your knowledge and skills in financial management by combining expositions about concepts and techniques with the study and debate of practical cases, which reflect business situations in an international environment.

The course also includes the use of a Strategy and Financial Management Simulator, in a dynamic, competitive and international context. As a student you will integrate into work teams that simulate Management Committees of competing companies, having to direct your company in competition with the rest, through the decision making on the set of management areas of the company, with a special emphasis on finance.

This management simulator will allow you to act as a true manager, planning, managing and controlling the progress of your virtual companies.

During all sessions:

  • Specific computer models are used for financial management.
  • Participation is encouraged through creativity techniques, problem analysis and role playing.
  • Direct interaction between faculty and students is fostered through the use of modern communication technology.

Evaluation

The evaluation of the student includes the following criteria: individual participation in class, exams by modules, practical cases by teams and final exam and project of the Master. To obtain the title, an average grade higher than five is required and the final exam must be passed.

Program

  • Module 1: The financial function

    This module includes the basic and common tools used by the financier in his daily work. In addition, it aims to standardize concepts and terminology among the attendees for the best use of subsequent sessions. The agenda of this module includes:

    • Objectives and responsibilities of finance.
    • Accounting information system.
    • Cost analysis system.
    • Economic-financial diagnosis.
    • Mathematics for financial management.
    • Relevant parameters of the economic environment.
    • The incidence of the fiscal context.
    • Audit.
  • Module 2: Short-term finance management

    This module deals with the analysis of short-term financial resources from a perspective not so much of accounting analysis as of its operational management. The module begins with the strategic study of the management of the liquidity of the company based on the flow of collections and payments made. To this end, contrasted diagnostic instruments are used, such as financial ratios and the State of Origin and Application of Funds. However, the model of the Maneuver Fund and its relationship with the Operational Needs of the Company's Funds will be deepened because it is the most powerful tool to efficiently and effectively manage operational financial resources. The rest of the module reviews, within the framework of this model, each of the management parameters that directly or indirectly influence the liquidity of the company, such as the following:
  • Purchasing management and negotiation with suppliers.
  • Stock management
  • The management of purchases and negotiation with suppliers.
  • The policies of credit and collection to clients.
  • The management of the treasury.
  • The short-term bank financing instruments.
  • Calculation of the effective cost of financial operations
  • Module 3: Investment Policy

    The investments specify the strategies so that their analysis and rigorous management are the guarantee of the growth and survival of the company. The objective of this module is to present the current economic-financial criteria to evaluate investment projects and link them with the strategic requirements.
  • Organization and control of the function of investing.
  • Criteria for economic-financial evaluation.
  • Treatment of risk and inflation.
  • The financing of the investment project.
  • Strategic evaluation of investments.
  • Module 4: Long-term financing decisions

    The management of long-term funds analyzes the financing structure of the company, that is, the most appropriate relationship between financing by debt and own funds. The criteria that govern this decision are intended to balance the profitability caused by indebtedness with the risk involved in servicing the debt. In this module, the following topics are studied:
  • Sources of financing of the Spanish company.
  • The cost of capital of the company.
  • Criteria to define the financing structure and the dividend policy.
  • Financing by leasing, renting, factoring and confirming.
  • Module 5: Derivatives and international finance

    The international module has been broken down into three clearly differentiated parts:
  • First, the functioning of international financial markets is described, with a special emphasis on the interbank and foreign currency markets, as they set the interest rate and the exchange rate of each currency, two financial variables of special relevance in international operations.
  • The next section refers to the identification, evaluation and management of the financial risks derived from the usual fluctuation of the interest and exchange rates of the currencies in which the different international transactions are denominated. It also reviews the main classic instruments for covering such risks, such as FRAs, exchange insurance, futures and financial options.
  • Once the markets and risks are reviewed, the analysis of the most relevant international financing operations is analyzed, and in particular, the financing of exports and imports. Finally, the module concludes with a detailed exposition of the different means of collection and payment used internationally, where the documentary credit takes on a fundamental importance.
  • Module 6: Financial planning and control

    This module addresses the study of management control understood as the set of actions necessary to achieve the objectives of the company. It begins with the criteria of design and formulation of the long-term financial plan, integrated into the strategy decided, and is specified for each year in the operating and financial budget. As a basic tool, the concept of a Balanced Scorecard is used, which allows a rigorous formulation of the strategy, by planning its key success factors, and its control, both linked to the short-term plan. The topics of this module are:
  • The strategy and the long financial plan
  • Control of strategy: scorecard
  • Operating and financial budgets
  • Budget Control
  • Control of business management
  • Internal control criteria
  • Module 7: Financial strategy: valuation of companies and creation

    This part of the course includes the most important techniques linked to the company's financial strategy. Its objective is to specify the long-term implications of the company's operational actions. The topics it addresses are:
  • Strategic dimension of finance.
  • Financial implications of the operational activities.
  • Valuation of companies.
  • Creation of value for the shareholder.
  • Module 8: Strategy and financial management simulator

    The participants in the MDF Master are organized into work teams, each of which represents the Steering Committee of a company that competes with the rest in the production and distribution of the same product in the national and international markets. Each team must direct their company with the aim of creating economic value. For this, decisions are made for the different areas of management, which are evaluated by a computer model that represents the behavior of the activity sector in which the equipment competes. This exercise is integral because it contemplates the whole company and the relationship with its environment. It is dynamic because successive related decisions are made, so attendees have the opportunity to learn and improve management. It is competitive because the results of each team's decision also depend on what the competitors take.

    The simulator is, finally, participatory because it works in teams that reproduce the Steering Committee of each company. It offers an excellent experience to practice in virtual terms the work that the Management of any medium company must develop. Teamwork, personal input, strategic focus and mastery of analytical techniques are the keys to success.

Associated Rankings

ESIC located in the TOP 100 MBAs in the world and in the top 50 for Marketing (Master in Marketing Management -MiM-), for the Executive MBA (EMBA) and for Finance (MDF).

Program taught in:
  • Spanish

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This course is Campus based
Start Date
Duration
9 months
Part-time
Price
11,600 EUR
Registration fee in Granada, Bilbao, Sevilla, and Navarra: € 11,600.00; Registration fee in Madrid: € 13,900.00; Registration fee in Valencia: € 12,100.00
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