Masters in Finance

10–16 months full-time, or 22 months part-time

London experience. World impact.
Contents
Master the world of finance in London 03
Connect to global finance in London 04
Programme elements 06
The full-time programme 08
The part-time programme 10
Concentration options 12
The finance faculty 14
Beyond the classroom… 16
Conferences, summits and forums 18
Your next career move 20
The alumni view 22
Take the next step 24
Our programme portfolio 26
Master the world
of finance in London
Do you want to advance your career in finance and be
ready to take on any challenge in this fast-moving world?
Are you passionate about applying the latest financial
tools and frameworks to make a tangible difference
to your organisation?

At London Business School (LBS), you’ll study with,

learn from and be challenged by a diverse and international
body of students and faculty. This inspiring, multicultural
city affords close-up encounters with key names in
the financial world and the chance to network with
world-class alumni.

Combining academic excellence, opportunities and

practical real-world experiences, our Masters in Finance
(MiF) will have an immediate and positive impact on your
career in finance. Make it your next career move…

www.london.edu/mif 03
 Connect to global
finance in London
Take your finance experience further and develop
the financial skills to succeed anywhere in the world
Study in the financial capital of the world
and you’ll see commerce at its most
exciting. London is home to leading
global financial institutions and a third of
the world’s biggest companies. It boasts
the largest global banking centre and the
offices of more than three-quarters of
the top 500 international companies. The
city is also a shining beacon for venture
capital and entrepreneurship giving
way to some some of the world’s most
successful startups.
International appeal
All of this makes LBS a stand-out
destination for a MiF. Arriving as an
experienced finance professional (with
a minimum of two years’ professional
experience), you’ll come from a wide
range of career paths. They include
investment, commercial, development
or retail banking, corporate finance and
planning, consulting, investment
management or broking, and accountancy
roles within industry, not-for-profits and
the public sector. And your ambition is
to advance your career to the next level.
The School’s world-acclaimed reputation
is reflected in its international make-up.
From dozens of countries, and with a
wealth of professional expertise, the
range of viewpoints present in class
(from students and faculty alike) is
“I went to six large real estate investors
in the City on a student trip recently.
That’s unparalleled exposure to how
companies work, as well as what they
look for in candidates”
Zubair Hasan (Canadian/Pakistani) MiFFT2016, Investment Director,
Ministry of Housing Saudi Arabia
04 www.london.edu/mif
phenomenal. Learning alongside the
brightest financial brains in the business
means you’ll be constantly challenged,
but the School’s remarkable ethos
makes this a uniquely collaborative and
enriching experience.
It will hone your ability to work anywhere
in the world – a real point of difference for
you when employers look to make their
next appointment.
Structured for flexibility
We offer two programme formats. Work
Our Masters in
while you study part-time over 22 months, Finance stats
or study full-time for 10 or 16 months (the
100+
latter includes an optional fourth term).
You may be sponsored by your company
to attend either format.
faculty from more than 31 countries
Core courses in Investments, Financial
43,000+
Accounting and Analysis, and Corporate
Finance build in-depth knowledge of
key concepts. Specialist options are
delivered through an extraordinary range alumni across 150 countries
of electives and Practitioner Courses,
which drill deep into the areas best Full-time Part-time
suited to your career interests and allow
36 27
you to follow one of our concentrations
(see page 12).
Whatever programme you choose, the nationalities nationalities
city is an incredible classroom offering represented represented
unparalleled hands-on experience. (August 2017 intake) (August 2017 intake)
126
students
64
students
(August 2017 intake) (August 2017 intake)
93% 87%
international students international students
(August 2017 intake) (August 2017 intake)
 “When a man is tired of London,
he is tired of life; for there is in
London all that life can afford”
Samuel Johnson, essayist and lexicographer (1709–84)

London’s CV
75%+ of top 500 global
companies based in the city

100% of leading financial

institutions represented here

264 foreign banks

£4.1 trillion in funds managed

Every lecture, study group, simulation,
guest speaker and tutorial puts
academic principles to the test in
real-world contexts.
The programme experience reflects
our global outlook. You can study at
one of our partner institutions, including
China, Singapore and Hong Kong.
You also have the option to explore the
asset management industry in New York
and Boston on the Global Business
Experience. Other programme
elements such as Business Projects
and Practitioner Courses offer more
opportunities and practical perspectives
on the finance world.
604 foreign companies listed
on the stock exchange,
including AIM (Alternative
Investment Market)
95%+ of the world’s
metal trading
Connect to the best
Hands-on experience and intensive, 46% of the world’s
theoretical teaching from our world-class derivative turnover
faculty gives you an outstanding
grounding in the analytical frameworks
and technical tools essential for finance. 37% of global foreign
exchange market ($1.9tr/day)
When it comes to finding your next
position, the Career Centre links you to top 300+ languages spoken
recruiters and institutions. And beyond the
classroom, the School plugs you into a
network of more than 43,000 alumni and
104 alumni clubs in cities across the world.
www.london.edu/mif 05

Programme elements
Transform your skill set and build your expertise in finance.
This highly practical programme offers hands-on experience
and opportunities to specialise. See how it adds up
What sets this programme apart?
The unique blend of technical finance
and personal development skills, and
leadership techniques that transcend
sectors. The blend of academic and
experiential learning gives you the
frameworks and knowledge essential for
a career in finance, along with the context
that puts those new skills into action.
It will challenge your intellect and your
ability to think on your feet in ways that
take you beyond previous parameters.
In so doing, it will open up a global
career to you.
Orientation
Your introduction to the programme
brings full- and part-time classes together
for a stimulating day of talks from key
faculty members and guest speakers.
You will also have the opportunity to get
to know your fellow students.
Core courses
In-depth understanding of key concepts
underpins the expansion of your financial
knowledge. Cornerstone subjects are:
Investments Learn the frameworks
for financial decision-making through
understanding the principles and practice
of financial management. Topics include
advanced theories in the valuation of
investments, management of portfolios
and risk management strategies.
Corporate Finance and Valuation
Understand the corporate investment
and financing decisions of different
companies through:
• project appraisal and firm valuation
• financial structure
• pay-out policy.
06 www.london.edu/mif
The Sammy Ofer Centre,
our cutting-edge teaching
and learning facility,
opened in summer 2017
Financial Accounting and Analysis
Analyse financial information and judge
a firm’s prospects based on performance,
patterns in its financial statements, profit
drivers, assets and obligations.
Purpose of Finance Practical
perspectives will enable you to deal with
a changing environment, helping you to
develop an awareness of current issues
and the external context within which
the finance industry operates. You’ll
strengthen your understanding of your
personal responsibility, develop your
adaptability, judgement and ability to
reflect on your own values, and be open
and courageous when supporting and
questioning convention.
Personal Assessment and
Development Develop the skills and
attributes you need to succeed in a global
business environment. Various tools,
including a NEO personality traits test, a
360-degree survey and coaching, give
you awareness of your strengths and
areas for development, and illuminate your
preferred ways of working with others.
A challenging away day brings the class
together to help build your study groups
into effective, supportive learning teams.
Electives
Tailor your learning to meet your career
ambitions by completing between seven
and ten electives from a diverse choice of
more than 30. The formats give you some
flexibility with weekend, daytime, evening
and block-week (Monday to Friday)
classes. Our programme brings together
students from across the School, which is
an excellent way to extend your network
and expand perspectives.
See more www.london.edu/mif/electives
“The academic strength of the programme,
the background of participating students
and the fact that I could gain experience in
London were key factors in my decision to
come to London Business School”
Surendra Jain (Indian) MiF2011, Vice President, Deutsche Bank
Practitioner Courses
Link academic learning from electives
and core courses to the challenges of
real-life situations. Practitioner Courses
are delivered by finance professionals
and equip students with relevant tools
and deeper insights that relate to their
concentrations. By the time you graduate,
you’ll have a clearly identifiable set
of practical skills that employers can
recognise. Our Practitioner Courses are
available to all full-time and part-time
students to give them exposure to real-
world issues and challenges that they
may encounter in their future roles.
Business Project
Undertake a company project as an
elective, either for your sponsoring
company or one you’d like to work for.
Analyse an event, transaction or situation
to deepen your practical knowledge, gain
exposure to real business issues and
strengthen your networks. This can also
form part of a concentration (see page 12).
Finance@Work
Finance@Work events are linked to
concentrations. They bring together
panels of alumni, practitioners and faculty
to share their experiences and talk about
current financial trends and topics.
They’re an ideal environment for
networking with finance professionals.
Recent topics have included implications
of low (or even negative) interest rates for
investment and the big trends driving the
future of asset management.
International Exchange Programme
Build your knowledge of the financial
sector from an international perspective
by spending a term, or a block week,
on exchange at a business school in a
growth market. Exchanges are developed
in partnership with CEIBS, Tsinghua
University, HKUST, NUS Business School
and Columbia Business School. The
exchange counts towards your electives
and offers you new insights into global
finance as well as expanding your network.
Global Business Experience
Shared with MBA students, the New
York/Boston Global Business Experience
(GBE) is an immersive, one-week trip
focused on the asset management
industry. You will visit various companies,
locations and speaker events, which are
designed to help build your knowledge
and network. The GBE can be taken as
an elective credit.
Up Close With Faculty
Our faculty are much sought after in
many industries because of their forward-
thinking research areas. This series of
intimate events showcases their thought
leadership, and has previously included
Professor Alex Edmans on socially
responsible investing, Francesca Cornelli
on private equity, value creation and
persistence, and Ian Cooper on the home
bias in equity portfolios. Moreover Taylor
Begley, Assistant Professor of Finance,
has showcased his research into the real
costs of corporate credit ratings and how
firms take harmful actions (e.g. cutting
R&D investment) in order to please credit
rating agencies.
Internships
Immerse yourself in a hands-on learning
environment and build vital connections
that could turn into job prospects.
Full-time students opting to do a fourth
term can self-source an internship or use
the School’s on-campus recruitment
opportunities. Lasting eight to ten weeks,
previous internship destinations have
included Amazon, Barclays, BAML, Citi,
Credit Suisse, Deutsche Bank, Goldman
Sachs, Google, HSBC, IADB, PIMCO
and Statoil.
Congregation
Congregation is the graduation and
official close of the programme and
takes place at the Royal Festival Hall on
London’s Southbank.
www.london.edu/mif 07
 The full-time programme
Our dynamic approach to learning bridges the gap between the classroom and the
real world, fusing academic excellence, global perspectives and hands-on experience

Practitioner Up Close With

Orientation Courses Business Project Faculty

Finance@Work

Finance@Work

Term Term
One Personal
Two
Assessment
and Development

Core
Courses

Electives Practitioner
Courses

Personal Development
Up Close With Personal Development for Finance
Faculty for Finance Professionals
Professionals

Take on any challenge in finance
This is a fast-paced programme, which
kicks off in term one with four core
courses to immerse you in the essentials
of finance. During the remaining terms,
and at your own pace, you will complete
your choice of seven to ten electives.
Throughout, and surrounding these
essential elements, are a range of
practical and applied options that
extend the specialism and breadth
of your knowledge.
If you decide to extend your studies from
10 to 16 months with a fourth term, your
scope of programme experiences
expands: spend time on international
exchange at a partner institution or
undertake a company-sponsored project.
For maximum flexibility, you can decide
on this part way through the programme.
The attraction of studying on this MiF
programme is in no small part due to the
ambitious and high-achieving cohort who
see coming to LBS as a rare opportunity to
interact and build networks with students
from diverse industries and cultures.
As an example, the current full-time
class includes a South African portfolio
manager, an economist from America,
an Israeli tax controller, a British Army
intelligence officer, a consultant from the
Philippines and a Japanese government
fellow. Classmates like these offer you
unmatched levels of experience and
expertise to learn from.

08 www.london.edu/mif
“Being surrounded by peers
who bring a lot of experience Global Business
Experiences

to the classroom, and the best

professors and faculty, is Practitioner

unprecedented” Up Close With

Courses
International
Faculty
Exchange
(optional)
Sebastjan Smodis (Slovenian) MiF2012, Global Head of
Liquidity Risk Management, State Street Global Advisors

Term
Four
(optional)

Business
Project
Personal Development
Up Close With for Finance
Faculty Professionals

Practitioner Electives (optional) Personal Development

Courses for Finance
Professionals

Finance@Work

Term Summer
Three Purpose
of Finance
Break

V IS I T
OR

Electives Congregation Internship

(optional)

*Programme subject to change

Follow our student blog: www.london.edu/studentblog

If an independent advisor were to look at If you look at my application essay, my aim

“LBS was the the opportunities available to me along
only option” with my earning potential today, they
would say that studying finance at LBS
was the wisest decision. Before LBS, I
would have taken a horizontal move to an
analyst position at an international firm.
Now I can step up to associate level.
I already have a CFA charter and I’ve
worked in private equity and corporate
Alfonce Mudzi (Zimbabwean) MiFFT2016, finance in sub-Saharan Africa, but I felt I
Private Equity Associate, Imara Capital needed to strengthen my academic profile
Partners to fulfil my dream of linking Africa to
global financial markets. I wanted to learn
somewhere well-connected and
respected: LBS was the only option.
was to establish a private equity firm for
sub-Saharan Africa, but now I plan to join
the London market, which is connected to
global markets. Because of what I’ve learnt
from professors on core courses and
elective case studies, I now see business
opportunities I’d previously missed in
Zimbabwe. The network is a fantastic
support. I’m the treasurer of the Africa
Club, which is a home away from home.
Its members are my brothers and sisters
who all care about me and my career.

www.london.edu/mif 09
 The part-time programme
Every element of this programme presents you with diverse perspectives to
enhance your skills: expert insights, applied learning opportunities, technical
training and pitch situations Elective
Purpose
of Finance
Options*

Up Close With Practitioner

Orientation Core Courses Finance@Work Faculty Courses

Personal
Development
for Finance
Professionals

Term Term Term

One Two Three

Personal Development
for Finance
Practitioner Personal Up Close With Elective Core Professionals
Courses Assessment Faculty Options* Courses
and Development

Practitioner Finance@Work
Courses

Personal Development
YEAR ONE for Finance
Professionals

Reach your potential in finance
The part-time format is specifically
designed to allow you to carry on working
full-time while you gain your MiF. The
content is the same as the full-time
programme, but you complete your
degree across 22 months.
This will be a demanding experience,
but the programme structure aims to
help students balance their work/life
commitments. It is also a good option
if you don’t live in or near London.
In fact, our part-time intake includes
students who travel from across Europe.
The professional and cultural diversity
of the part-time class is astonishing,
reflecting the global nature of London
itself. For example, the current class
includes a Japanese economist, a South
African accountant, a deputy CEO from
Switzerland, a Chinese project manager,
a British lawyer and a risk manager from
Brazil. Every MiF class presents this
eclectic mix of professionals, providing
you with an outstanding global network.
The typical schedule
Year one begins with a full-time
introduction week, during which you
complete the Personal Assessment and
Development (PAD) core course, data
analytics and accounting pre-courses,
and meet with Career Centre to begin
your career development programme.
Throughout the rest of the year, you
complete the other four core courses and
your first year elective in term two or
three*. Year one classes run on alternate
weekends – Friday evenings (typically
18:45–21:30) and Saturdays (typically
09:00–15:30).
Year two focuses on the completion of
seven to ten electives. Some of these
run in block-week formats and require
attendance from 08:15–15:30, Monday
to Friday for one week. Others run in
modular formats (either Friday or
Saturday, bi-weekly). Meanwhile, some
follow an evening format, from
18:45–21:30. There is some flexibility
here and you may be able to complete
electives in a daytime format.

10 www.london.edu/mif
“LBS turned my life upside down, catapulting me from
a safe little world to a universe full of opportunities”
Laman Valizada (Azerbaijani) MiF2013, Associate, McKinsey & Company

Personal Development
for Finance

YEAR TWO
Professionals

Global Business
Experiences

Summer
Break Optional Project

Electives Personal Development

Practitioner for Finance
Practitioner Courses Professionals
Courses Electives

Term Term Term

Four Five Six
Congregation

International Up Close With Practitioner

Personal Development
Exchange Faculty Courses
for Finance
(optional) Professionals
Finance@Work Up Close With
Faculty
*Programme subject to change

Follow our student blog: www.london.edu/studentblog

“The I moved from Sydney to London
eight years ago, and when I joined
programme the programme, I was an associate of
has enabled leverage finance at Lloyds Banking Group.
me to I wanted to upskill so I looked through
challenge various schools and LBS was up there:
assumptions the number one globally.
and rewire my I opted for the part-time programme
inbuilt biases” because I didn’t want to ‘press pause’
on my career. Doing the part-time
Sean Garman (Australian) MiFPT2015, programme was not detrimental at all;
Associate Director, Securitised Products, I was promoted to Associate Director
Lloyds Banking Group while undertaking the degree and upon
completion was asked to work directly
for an executive in the bank. Now I work
in securitisation, an area of finance I have
never previously touched on. The MiF
has given me the intellectual confidence
to deepen my knowledge of leveraged
finance, demonstrate strategic thinking
when working for an executive, and
take a calculated career risk moving into
securitisation. It provides the framework
for sustained career success.
The calibre of visiting lecturers and
professionals at LBS, and the benefits of
their experience, was the stand-out part
of the programme. On the Distressed
Investing elective, the cases we discussed
were taught by the actual fund manager
and were based on companies he’d
bought. Listening to his investment and
analytical decision-making framework was
invaluable. In the Managing Corporate
Turnarounds elective someone new
comes in every week to explain how
they turned their businesses around and
handled various situations. These insights
are outstanding.
www.london.edu/mif 11
 Concentration options
Showcase your skills and present to prospective employers.
Our concentration study routes offer opportunities to develop
in-depth knowledge vital for specific finance career paths

As the financial sector has evolved in • Investment Management and Analysis – •C

 FO – supports those seeking to
recent years, particular sub-sectors have focused on fund management, through advance to a CFO position, responsible
become more complex and demanding. managing investment portfolios or for financial stewardship, strategic
If you have a clear view about where researching investments partnering and value creation
your career is going, you can specialise
in one of four concentrations around
major functional roles:

Investment Management and Analysis CFO

Mandatory elective(s) Equity Investment Management or Securities Advanced Corporate Finance

Analysis and Financial Modelling

• Advanced Financial Statement Analysis • Advanced Financial Statement Analysis

Plus a minimum of
three relevant electives
Practitioner Courses
• Banking and Monetary Policy in the • Behavioural Finance
Global Economy • Corporate Communication and Investor
• Behavioural Finance Relations
• Business Project • Corporate Valuation
• Corporate Communication and Investor • Derivatives
Relations • Financial Analysis of Mergers,
• Corporate Valuation Acquisitions and Other Corporate
• Derivatives Restructurings
• Emerging Markets • Financing the Entrepreneurial Business
• Equity Investment Management • Fixed Income Securities
• European Financial Markets • International Finance
• Financial Engineering and Risk • Managing Corporate Turnarounds
Management • Mergers, Management Buyouts and Other
• Fixed Income Securities Corporate Reorganisations
• Global Capital Markets and Currencies • Negotiating and Bargaining
• Hedge Funds • Project and Infrastructure Finance
• International Finance • Project Management
• Private Equity and Venture Capital • Private Equity and Venture Capital
• Real Estate Finance • Strategy for MiFs
• Securities Analysis and Financial
Modelling
• Systematic Investing
• Topics in Asset Management
• Understanding the International Macro
Economy
• Value Investing
• Wealth Management and Islamic Finance • The Business of Corporate Finance
• CFO
• The Business of Asset Management

Attend relevant Finance@Work event

12 www.london.edu/mif
 “I am concentrating my electives in corporate finance;
it’s the area where I have the least experience but I’m
keen to move into it when I graduate”
Meng Meng (Chinese) MiF2015, Legal Entity Control, Morgan Stanley
• Corporate Finance – covers advisory
and strategic planning roles in
companies and financial institutions
Corporate Finance
Advanced Corporate Finance
• Advanced Financial Statement
Analysis
• Banking and Monetary Policy in the
Global Economy
• Banks and Financial Institutions
• Business Project
• Corporate Communication and
Investor Relations
• Distressed Investing and Financial
Restructuring
• Financial Analysis of
Mergers and Acquisitions
• Financing the Entrepreneurial
Business
• Fintech
• International Finance
• Managing Corporate Turnarounds
• Mergers, Management Buyouts and
Other Corporate Reorganisations
• Private Equity and Venture Capital
• Project Finance
• Real Estate Finance
• Strategy for MiFs
• The Business of Corporate
Finance
• Risk Management and Derivatives – If you want, you may follow a general
for those with finance, treasury and programme through your own choice of
management roles in companies. electives, Practitioner Courses and events.
Risk Management and Derivatives General Masters in Finance
Derivatives or Fixed Income
Securities
• Behavioural Finance
• Business Project
• Credit Risk
• Derivatives
• Energy Markets
• European Financial Markets
• Financial Engineering and Risk
Management Fully tailor your electives
• Fixed Income Securities to your interests.
• Global Capital Markets and Choose seven to ten electives
Currencies
• Hedge Funds
• Securities Analysis and Financial
• Modelling *Reflects current portfolio as of August 2017 and may change annually.
• Time Series Analysis
Attend any Practitioner Courses
Choose any courses from within
• Applied Risk Management and the concentrations (see left) and:
Derivatives • Regulation
• Mergers and Acquisitions
• Financial Modelling
• Advanced Financial Modelling
www.london.edu/mif 13
 The finance faculty
Our globally recognised faculty includes industry
innovators, practitioners and thought leaders
who bring their unique perspective, academic
rigour and expertise to every learning experience

With one of the largest finance faculties in
the world, the School is acclaimed for its
cutting-edge academic research, thought
leadership and innovation. The FTSE
100 stock market index emerged here,
designed by leading finance professors
Elroy Dimson and Paul Marsh.
This is a selection of our much larger
MiF faculty who routinely consult to
financial institutions, companies and
government agencies, ensuring relevancy
in everything we do.
Chris Higson, Associate Professor of
Accounting Practice
Expertise: Financial statement analysis;
valuation of information and intangible
assets; financial governance; private
equity; and macroeconomic determinants
of company performance.
Experience: Chris has taught on all the
School’s major programmes and earned
his doctorate here. He is also a faculty
member of the Coller Institute of Private
Equity. A regular advisor to financial
institutions, industrial companies and UK
and overseas governments, he previously
worked for Deloitte.
Francesca Cornelli, Professor of Finance
Expertise: Corporate governance; private
equity; privatisation; bankruptcy; initial
public offerings; and innovation policy.
Experience: Francesca has taught
at world-leading institutions including
Wharton and the London School of
Economics. She is a research fellow of the
Center for Economic and Policy Research
and has published numerous papers
in the leading finance and economics
journals. She is also an editor of The
Review of Financial Studies and Private
Equity Findings.
James Dow, Professor of Finance
Expertise: Corporate finance incentives
and communication; integrating financial
markets and corporate finance; executive
compensation; and leadership.  
Experience: James has consulted to
leading companies and governments on
corporate financial and regulatory policy,
and commercial arbitration cases. He is
former editor of The Review of Economic
Studies. Other academic posts include
professor of economics and head of the
economics department at the European
University Institute.
Magnus Dahlquist, Visiting Professor
of Finance
Expertise: Fixed-income securities;
international finance; investment
management; and asset pricing.
Experience: Magnus advises to several
financial institutions, as well as
government authorities, and is currently
chairman of the Advisory Board of IPM in
Sweden. Previously, he was director of
the Institute for Financial Research (SIFR)
in Stockholm. He is a research affiliate at
the Centre for Economic Policy Research.

“Suleyman Basak is a genius – his course on Fixed

Income was so entertaining. Private Equity, taught by
Professor Eli Talmor, gave us an in-depth understanding
of the subject alongside cutting-edge concepts”
Florian Meyer (German) MiF2013, Associate, Goldman Sachs

14 www.london.edu/mif
Suleyman Basak, Professor of Finance
and winner of the Best Teacher (Masters
in Finance) Award 2007–2013
Expertise: Asset pricing and asset
allocation; risk management; market
imperfections; international finance; and
financial innovation.
Experience: With a PhD in financial
economics from Carnegie Mellon
University, Suleyman was Assistant
Professor of Finance at the Wharton
School and Visiting Professor at the
Graduate School of Business, University
of Chicago. He has consulted for
Goldman Sachs and is Associate Editor of
the Review of Finance and Mathematics.

Christopher Hennessy, Professor

of Finance
Expertise: Corporate financial
management and valuation of financial
securities.
Experience: Recent work has focused
on hybrid debt, taxation and the design
of financial contracts. Christopher has
won three Brattle Prizes for outstanding
corporate finance research published in
The Journal of Finance and is the author
of numerous publications (jointly) covering
debt structure and capital structure.

Stephen Schaefer, Professor of Finance;

Deputy Dean (Faculty)
Expertise: Credit risk; derivative
instruments; investment management;
asset pricing theory; portfolio selection;
capital markets; financial regulation; and
term structure of interest rates.
Experience: Stephen is a member of
Moody’s Academic Advisory and
Research Committee and an independent
board member of the Securities and
Futures Authority. He has written
extensively and broadly on credit risk, and
teaches at Stanford, and at the
universities of British Columbia, Cape
Town, Chicago, Berkeley and Venice.

Nicholas Hirschey, Assistant Professor

of Finance
Expertise: Asset pricing, microstructure
and international finance. He is currently
studying the effect of high-frequency
traders on liquidity and factors affecting
the importance of financial news in
international markets.
Experience: Nicholas teaches
investments on the MiF programme.
He holds a PhD in finance from the
University of Texas and a BA in
economics and mathematics from
Grinnell College, Iowa.

www.london.edu/mif 15

Beyond the classroom…
Your MiF doesn’t start and end with the curriculum. Pursue your professional and
personal passions through the many exciting forums, clubs and social activities
on and off campus. Here’s a taste of the wider School community in action
As with the city itself, you’re never short
of things to do at LBS. Campus life is
vibrant, eclectic and vividly experienced
through the student-run clubs that
span professional, cultural and sporting
interests. Taking an active role in club
life feeds your career and job search
through opportunities to network,
and supplements your interests and
ambitions. Overseen by the Student
Association Executive Committee, clubs
also connect you to colleagues from
across the School, as well as a wide
network of alumni working in a vast
range of sectors.
Professional clubs may take you to the
banking world of New York or to study
microfinance in Ghana. You can join a
football or women’s touch-rugby team,
taste wine or perform Shakespeare – the
choice is endless.
Most popular student clubs
Private Equity and
Running Club
Venture Capital Club
Energy Club
Women in
Technology Club
Business Club
Latin America Club
16 www.london.edu/mif
Finance clubs
The brightest lights from the banking
world share their insights and experience
with members of our finance clubs.
Our highly active Private Equity and
Venture Capital Club boasts more than
4,000 members interested in all aspects
of the field. Recent events featured
Canter PE and LEK Private Equity
Consulting. The Investment Management
Club manages a portfolio of US$200,000
(£150,000) of donated funds and also
runs an annual Stock Pitch event, where
members pitch their stock ideas to fund
management professionals.
The number and range of events on
offer ensures you pick up insights and
improve skills highly relevant to your
particular finance sector.
Investment
Management Club
Finance Club
Industry Club
Sailing Club
The best of London.
Learn along with a
diverse and stimulating
peer group of global
finance professionals,
benefit from access to
outstanding business
contacts and luminaries
of the finance world,
such as George Soros,
and enjoy excellent
professional and
social events.
Career treks
Meet your potential next employer on
these career-focused treks to business
hubs around the world. Arranged by
students with the help of Career
Centre, you’ll meet leading companies
and organisations, get a better
understanding of an industry or sector,
build connections within local firms and
explore tangible career opportunities.
Recent treks to Singapore and Hong
Kong included meetings with Credit
Suisse, Nomura, Goldman Sachs and
Bain & Company, focusing on asset and
private wealth management, hedge
funds and private equity.
Social trips
Students come from every corner of the
globe and enjoy sharing the highlights of
their home country. Popular trips include
skiing in the Alps, the Paris Marathon and
InterRailing around Europe. Who knows
where you’ll go!
Families welcome
All partners of our MiF students are
welcomed by the Partners Club, a
supportive network run by and for
partners and their children across the
School. It organises regular events such
as London walks, language classes,
job-hunting workshops and children’s
playgroups, as well as theatre and pub
nights, which perfectly illustrates our
community spirit. Partners of full-time MiF
students can apply for a visa, giving them
full working rights.
 Conferences, summits
and forums
Learn from business and finance leaders. The most innovative
and dynamic speakers in the world come to LBS. Through
lectures, forums, summits and conferences, you can forge
invaluable links for your future. Where else can you hear
from and debate with such luminaries?

“The EBRD event provided

an excellent platform for
exchanging views on the
economic development of
four diverse emerging regions,
and hearing controversial
opinions often not covered
by mainstream news”
Asia Tumasian (Russian) MiF2013,
Client Engagement, Derivatives Utility, FIS

18 www.london.edu/mif
Sitting at the forefront of business excellence means LBS is
always creating newsworthy debate, generating cutting-edge
research and developing unique content to engage and inspire
its network and the business community at large.
Advance your knowledge of key trends and changes in the finance industry that go beyond your
area of specialism. During the programme, you will have opportunities to hear from influential
industry players as well as leading thinkers from the world of academia. For example, in June 2016
the Fintech Insights Weekend explored the UK’s fintech industry and how the financial sector is
transforming because of it.

Global voices, inspiring minds

Student-led conferences, events and forums can significantly impact your career. Hear from and
debate with high-profile speakers and industry practitioners, and network with our global alumni.

Finance-relevant conferences include the Real Estate Forum, the Private Equity and Venture Capital
Conference and the Entrepreneurship Forum, while the broader summits, such as the India Business
Forum, Global Energy Summit and Women in Business, cover the global scene.

Student-led conferences in 2016–17

Multiple:X, Private Equity and Venture Capital Middle East Conference

Conference
Organised by: Private Equity and Venture Capital
Club
Speakers:
• Guy Hands – Founder and Chairman, Terra Firma
• Lucian Schoenefelder – Director, PE and TMT
Growth, KKR
• Zeina Bain – Managing Director, Carlyle
• Bernard Liautand – Managing Partner, Balderton
Capital
• Robert Haas – Global Head of PE M&A Practice,
A.T. Kearney
Asset Management Conference
Theme: Investment Management: An Industry in
Disruption
Organised by: Investment Management Club
Speakers:
• The Rt Hon. the Lord Lamont of Lerwick – former
Chancellor of the Exchequer
• Amlan Roy – Global Chief Retirement Strategist,
State Street Global Advisors
• Dr Sushil Wadhwani CBE – Founder, Wadhwani
Asset Management
• Philip Middleton – Managing Director, Equity
Research, Bank of America Merrill Lynch
• Dr Philippa Malmgren – Founder, DRPM Group
Africa Business Summit
Theme: Made in Africa
Organised by: Africa Business Club
Speakers:
• Bob Collymore – CEO, Safaricom Limited
• Isabel Dos Santos – Chairwoman, Sonangol
• Segun Agbaje – CEO, Guaranty Trust Bank Plc
• Dr Oba Otudeko, CFR – Founder and Chairman,
Honeywell Group
• Jay Ireland – President and CEO, GE Africa
Theme: The Middle East: Paradigm Shifts
Organised by: Middle East Club
Speakers:
• Naguib Sawiris – Executive Chairman, Orascom
Telecom Media and Technology Holding
• Joe Saddi – Partner, Strategy and Middle East
• Najla Al-Midfa – General Manager, Sheraa –
Sharjah Entrepreneurship Centre
• Rouzbeh Pirouz – Chairman, Turquoise Partners
• Adil Toubia – Group CEO, Al Ghurair Investment
Women in Business Conference
Theme: Women: The Next Engine of Growth
Organised by: Women in Business Club
Speakers:
• Rachel Barton – Managing Director, Accenture
• Helen Watson – CEO, Rothschild Wealth
Management UK
• Karalee Close – Partner and Managing Director,
The Boston Consulting Group
• Vivian Hunt – Managing Partner UK and Ireland,
McKinsey & Company
• Joanna Cound – Managing Director, Head of
Government Relations and Public Policy, EMEA,
BlackRock
To find out more about our student-led events,
please visit: http://conferences.london.edu

www.london.edu/mif 19
 Your next career move
Our in-house Career Centre has the finance knowledge
and practitioner experience to guide your professional
development strategies and give you the opportunity to
explore a range of career options
The specialist skills and experience
gained on this programme, along with
your previous work experience, will further
raise your standing as a great candidate
for senior finance roles. The School’s
solid finance reputation and connections
to key institutions mean we have forged
strong relationships with top recruiters in
London and around the world. Students
from our 2015 MiF intake are now
working in 26 countries.
Comprehensive support from the Career
Centre team is available throughout the
programme and includes CV and cover
letter workshops, recruitment fairs,
networking events and interview
coaching for specific finance sectors.
Richard Bland, Head of Finance in the
Career Centre, explains, “We give
students the fundamental building
blocks for their career by helping them
maximise their skills and contacts, and
encouraging them to take ownership of
their job search.”
There is also a real focus on identifying
transferable skills so that you are
confident in articulating your unique
value to prospective employers.
If you are on the part-time programme,
and in full-time work, a dedicated career
coach is available to assist you outside
of working hours, on your personalised
career plan.
Our expertise includes:
• sector recruitment managers and
coaches to help you plan your
career goals
• jobs interface and information hub
with sector insights, employer profiles
and job descriptions
20 www.london.edu/mif
• one-to-one coaching, group training and
online resources
• advice on CVs, applications and interviews
• mock interview training
• practical networking skills
• advice on how to work with headhunters
• student/recruiter events on campus.
Specialist career advisors
Our MiF career advisors have years of real-
world experience to help students ascend the
finance ladder, and include:
Christian Dummett, Head of Early and
Mid-Career Programmes, has worked for the
Bank for International Settlements, Chase
Manhattan Bank, Abbey National and Merrill
Lynch in sales, trading and investing roles. He
has 20 years’ finance experience, 15 of which
have been in private equity.
Simon Lyle, Masters in Finance Career Lead,
has worked in executive recruitment, career
management, talent management and
consulting, operating in roles including Senior
Consultant at Michael Page, SVP Sales EMEA
at Right Management and Director at EY. He
has significant experience implementing career
development services for global organisations,
particularly in the finance and tech sectors.
Richard Bland, Head of Finance Careers, has
a background in investment banking, with over
21 years’ experience in fixed income trading,
the last ten of which were spent at Deutsche
Bank, where he initially set up the Yen Credit
desk and ultimately headed the Yen Rates
franchise in EMEA. He joined London Business
School in 2009, and undertakes business
development across the finance sector with
a particular focus on private equity.
“Like many other companies, Amazon “Shortly after
came to campus. Had I not come to LBS starting the
I never would have had access to their programme
I had already
graduate programme” secured my
Dipesh Mainali (Nepalese) MiF2014, Senior Financial Analyst, Amazon
full-time
employment”

Guillaume Marion (Canadian) MiF2014,

Chief Financial Officer, Diagram Ventures

HSBC came to campus to meet with students

at the start of my programme and I decided
to apply for a role there in investment banking.
As a result, very shortly after starting the
programme I had already secured my full time
employment. I’ve since moved to the startup
world as Chief Financial Officer of Diagram
Ventures, a fintech venture capital fund. Now,
prospective and current students contact me
directly to ask my opinion about my experience,
or to obtain advice about careers, and I try as
much as possible to help them.

2016 full-time
graduate stats

92%
accepted an offer within three
months of graduation

£67,724
basic salary (mean)

£35,422
other guaranteed compensation*
(mean)

Job location post programme

UK 37%

Asia 32%

Latin America 11%

Europe (excluding UK) 10%

Top employers in Africa/Middle East 6%

recent years
Canada/USA 4%
Amazon Citi J.P. Morgan
Bank of America Credicorp Morgan Stanley
Merrill Lynch Credit Suisse Partners Group *Other guaranteed compensation includes sign-on and end-of-year
bonus where we have sufficient data.
CDC Group Duke Street Capital PIMCO
Cederberg Capital Goldman Sachs PwC

www.london.edu/mif 21
 The alumni view
Where does a London Business School MiF lead?
We’ll let some of our graduates tell you…

“My MiF experience

provided me
with an amazing
combination – a
world-class finance
education, and an
unforgettable life
experience”
Dave Lok (Chinese) MiF2013, Vice
President, EXS Capital Asia

After four years at PwC, I became aware

that certain elements were missing from
my professional profile. Business school
was the perfect platform for me to gain
a more holistic view of the wider finance
industry. I was looking for a finance-
specific programme that would allow me
to share my knowledge and experience
with professionals from different fields
across the financial markets. I also wanted
to experience a more culturally diverse
environment, strengthening and expanding
my professional network to support a
sustainable career.

The School’s MiF programme was a perfect

fit for my needs, and the location was also a
great draw. To keep up with global markets,
it was important for me to pursue my
studies in a major financial centre.
I now work for EXS Capital, an alternative
investment firm that sponsors investment
opportunities on a deal-by-deal basis in the
Asia Pacific region. My role is versatile and
entrepreneurial – I analyse transactions,
build financial models, design investment
structures, prepare investment documents
and presentations, and pitch investment
projects to potential clients.
The MiF programme has equipped me
to manage my workload in very practical
ways. Classes like Private Equity and
Venture Capital, and Financing the
Entrepreneurial Business sharpened
my analytical capabilities and financial
modelling skills, both of which are essential
to PE veterans. Perhaps even more
important was the diverse student body
in an environment that taught me to be
more appreciative of cultural differences
and enhanced my ability to adapt to a
multinational workplace.
London has a large international population –
people are friendly and warm so it’s easy to
make new friends and connections, even off
campus. My time in London taught me to
appreciate the differences in people, valuing
our varied upbringings, professional
backgrounds and unique personal exposures.
This is something that I didn’t learn from
textbooks but from real-life interactions.
Overall, my MiF experience provided me with
an amazing combination – a world-class finance
education and an unforgettable life experience.

22 www.london.edu/mif
 “While I believe
nothing is
impossible, it
would have
been much
harder to get
this position
without coming
to LBS”
Yelena Don (Kazakh), MiF2015, Associate,
Goldman Sachs

While I believe nothing is impossible,

it would have been much harder to get
this position without coming to LBS. If
you want to work for a big institution or
corporation it’s very hard to come straight
from a small, unknown firm.

Through the Finance Club I heard that

Goldman Sachs was hosting an event at
its offices. During the event, I met two LBS
alumni who recommended me internally
and I think that really made a difference.
As a result, I built a network of alumni from
different banks and industries who helped
me shape my CV and answer correctly
in interviews.

The School gives you an amazing

opportunity to meet recruiters from all
over the world from different industries,
but it’s ultimately up to you whether you
make it or not.

“The MiF
allowed me
to focus on
the more
specialised
and technical
aspects of
finance”

Lon O’Sullivan (American) MiF2009,

Executive Director, Global Head of Corporate
Credit Market Risk, Morgan Stanley

My career was going well, but I felt I lacked

some of the quantitative skills necessary to
be senior leader in the risk area. The MiF
was appealing as it allowed me to focus on
the more specialised and technical aspects
of finance, rather than the managerial and
behavioural aspects, which I already felt
comfortable with. I chose the part-time
format as I wanted to immediately apply
my new skills in the workplace.

In the risk field, the more knowledgeable

you are the better, so the MiF was a step in
the right direction. The programme allowed
me to gain more confidence and rise to the
challenge in a very difficult market.

Take the next step
LBS provides an unparalleled springboard to new
opportunities in the finance industry. Find out more
about applying for and financing your degree
1 Take a tour online
Discover the facts about the
School, MiF, faculty and
alumni community:
www.london.edu/mif
Hear from others
2 Our students are happy to answer
your questions and arrange online
chats. Contact our recruitment
coordinators for more details:
mif@london.edu
Read more student experiences at:
www.london.edu/studentblog
Come and meet us
3 
around the world
We host events on campus and
in locations around the world.
See our website for the latest
information on dates and locations:
www.london.edu/newsandevents
Contact us by
4 telephone or email
Our Recruitment Coordinators
can answer specific and
general questions:
Telephone: +44 (0)20 7000 7505
Email: mif@london.edu
Information for partners
5  Visit the Partners Club website
or send an email:
www.london.edu/clubs/partners
Email: partners_clubs@london.edu
“Fantastic recruiters come to the School
because of its reputation and connections.
That’s an incredible resource”
Paras Bakrania (British) MiFFT2016, Associate, AQR Capital Management
24 www.london.edu/mif
Programme
summary
August
start date
10,16 22 or
duration in months
Full-time
or
part-time
formats offered
Application summary
Step 1: Submit online
application, available at:
www.london.edu/mif
Step 2: Initial review
Step 3: Interview conducted
by MiF alumni in your
preferred location
Step 4: Admissions
Committee makes its decision
Apply now and
start the journey
www.london.edu/mif
Financing your
Masters programme
This is a big investment in time and
money, so it’s essential that your
funding is in place before the start of
your studies. Funding sources can have
strict deadlines, so start your research
early. We recommend you use your own
finances as much as possible. Living
expenses should be budgeted for, too,
and we can advise you on what these
might include.
Donor-funded scholarships
We award a number of scholarships
to full- and part-time students. These
typically range from £10,000 to £30,000.
To be considered for an award, apply
early in the admission season.
Loans
There are various excellent loan
schemes available that you may be
eligible for.
Company sponsorship
About 25% of our MiF students are
sponsored by their employers.
Once your place is confirmed, a first
‘commitment’ payment is required,
followed by a mix of instalments and/or
balance payments.
For more information on funding:
www.london.edu/mif/financing
“I have accessed
alumni expertise to
refine our processes
as well as highly skilled
student volunteers”
Chris Coghlan (British) MiF2012,
CEO, Grow Movement

I’ve always been

passionate about
international
relations and
development.
While employed
as an accountant,
I acted as an
election observer
for the EU in the
Ukraine and DR Congo. I eventually
joined Charlemagne Capital, an emerging
markets hedge fund, focused on Eastern
Europe, the Middle East and Africa.

I set up Grow Movement a year before

starting my MiF. It’s a not-for-profit
organisation harnessing business to
end poverty and conflict in the world’s
poorest communities, including Malawi,
Uganda and Rwanda. We provide remote
consulting to small and medium-sized
businesses and need remote volunteers,
funding, organisational capacity and
entrepreneurs. I had gaps in my business
knowledge, so I jumped at the opportunity
to study at LBS.

The rigorous education on the

programme fitted well with my position
at the hedge fund and my long-term
objectives. Courses like Strategy helped
me determine how to position Grow
Movement, while Global Capital Markets
and Currencies gave me a high-level
economic overview that led to work
experience within a development bank,
building networks and credibility.

At an LBS TEDx talk, I was able to

market Grow Movement and I’m sure
this contributed to us receiving a
government grant to help 38,000 people
soon afterwards. I have accessed alumni
expertise and, via the student and alumni
network, I’ve sourced highly skilled
volunteers with diverse areas of expertise.
The LBS experience has contributed
hugely to our success.
 Our programme portfolio
The School can boost your capabilities and potential at every stage
of your career. As well as our postgraduate degree programmes,
our world-renowned portfolio includes a range of short finance
programmes for experienced business professionals
Our Finance
Executive Education
programmes
Our short, focused programmes offer
general managers and finance specialists
a dynamic learning experience so they can
continually upgrade their skills. Increased
confidence with financial information
means better business decisions. Develop
your understanding of a specific subject
area and see the positive results impact
on your organisation and your career.
Accounting and Financial Analysis
Become skilled at using accounting data
and financial analysis techniques to assess
a company’s strength, and to measure
the return that a company is earning on
its capital. Includes corporate governance
and regulatory frameworks, exploring their
impact on financial statements.
Valuation
Learn the valuation techniques required
to accurately appraise financial decisions
and value companies. Evaluate investment
projects and understand capital market
behaviour, risk and capital costs.
Financial Strategies for Value Creation
Learn to manage a company’s financial
risk effectively. Includes an in-depth
analysis of mergers and acquisitions,
restructuring, capital structure and
company financing options.
26 www.london.edu/mif
Advanced Corporate Finance
Find out more about our
Take your corporate finance decision-
making to an advanced and strategic Finance Executive Education
level. Learn the technical frameworks and
practical applications that can make a
programmes:
difference to your business immediately. Website:
www.london.edu/finance
Strategic Investment Management
Telephone:
Gain a thorough understanding of the
investment management process, as well +44 (0)20 7000 7051
as a highly practical skill set to evaluate Email:
investment strategies and measure finance@london.edu
performance effectively.
Masterclass in Private Equity
This holistic view of the private equity
industry gives you dynamic insights into
investments. You’ll have access to the
latest empirical research and industry
trends along with case studies from
Europe, the US, the Middle East and
emerging markets.
Financing the Entrepreneurial Business
Understand the stages of securing or
providing investment for fast-growth
businesses. This highly practical and
interactive programme gives you Other Executive Education
the frameworks to apply, from initial short programmes
investment through to exit strategies. We offer open enrolment as well as
company-specific programmes for
Project and Infrastructure Finance early, mid and senior career stages,
Assess how organisations use project covering HR, general management,
finance to structure, value and finance leadership, marketing and strategy.
high-scale projects and apply your new Programmes range from four days
understanding to real case studies. to four weeks.
www.london.edu/execed
 Our programmes
London Business School can boost your capabilities and potential at every stage of your career
Duration / Format / Primary study location Years of work experience
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Masters in Financial Analysis

12-16 months / Full-time / London
For recent graduates looking to embark upon a career in finance.

Masters in Management
12-16 months / Full-time / London
For recent graduates with less than one year of full-time
postgraduate corporate work experience or with less than two
years in a non-traditional business role.

Global Masters in Management

24 months / Full-time / London and Shanghai
For recent graduates with up to two years’ full-time postgraduate
work experience. Strong interest in Asia and knowledge of
Mandarin highly recommended, but not mandatory.

MBA
15–21 months / Full-time / London
For individuals who are looking to make a vertical shift in their
career path, change industry or job function, or develop an
entrepreneurial toolkit.

Masters in Finance (full-time)

10–16 months / Full-time / London
For individuals wishing to advance their career or change their
area within finance.

Masters in Finance (part-time)

22 months / Study while working full-time / London
For individuals wishing to advance their career or change their
area within finance.

Executive MBA
20 months / Study while working full-time / London or Dubai
Designed for those who want to accelerate their career into
general management or move beyond their technical or
functional specialism.

EMBA-Global Americas and Europe

20 months / Study while working full-time / London and New York
For dynamic, mid-career managers and professionals who
are highly ambitious and have, or aspire to have, transnational
responsibilities.

EMBA-Global Asia
20 months / Study while working full-time / Hong Kong
For dynamic, globally focused executives and managers wishing
to deepen their understanding of western and eastern business
practices.

LBS Sloan Masters in Leadership and Strategy

12 months / Full-time / London
A unique specialist masters for experienced executives,
professionals and entrepreneurs.

Executive Education
Our Executive Education portfolio comprises both open enrolment
and company-specific programmes. Open programmes range from
three days to four weeks in length and span general management,
finance, HR, leadership, strategic marketing and strategy.

Key: Range of work experience in class Key target range of work experience Average class work experience

For more information about our programmes visit: www.london.edu/programmes or contact:

Masters Programmes Executive Education All admissions decisions are

Telephone: +44 (0)20 7000 7500 Telephone: +44 (0)20 7000 7390 taken in accordance with best
Email: masters@london.edu Email: execinfo@london.edu equal opportunities practice.
www.london.edu/mif 27
www.london.edu/mif
London Business School
Regent’s Park
London NW1 4SA
United Kingdom
Tel: +44 (0)20 7000 7000
www.london.edu
A Graduate School of the University of London
© 2017 London Business School