Track
The 4 EMF Tracks are specialization pathways that explore a specific topic in depth, focusing on the industry of greatest interest. When submitting the admission application, the candidate may choose which Track to follow.
The structure of each Track is divided into 3 parts:
- 9 specialization courses
- 1 elective course to complete the educational journey based on one’s skills and aspirations, chosen from the courses offered in the other Tracks
- 1 Track-specific Business Simulation aimed at applying all the tools and skills acquired
The 4 EMF Tracks
Track in Asset/Wealth Management
The Asset/Wealth Management Track provides specialization in the Asset Management and Wealth Management sectors, which today rank among the leading financial industries worldwide.
Track in Banking & Insurance
The Banking & Insurance Track gives you a comprehensive overview of the complex management challenges faced by financial institutions, with a particular focus on banks and insurance companies. It offers a threefold perspective:
competitive and regulatory environment
organizational structure/areas of activity
strategy
Track in Corporate Finance & Control
The Corporate Finance & Control Track offers a 360-degree overview of the methods and tools typical of corporate finance and management control functions. It integrates expertise in financial reporting, management control, and corporate finance to support all phases of a company’s “life cycle”: start-up, organic and inorganic growth, maturity, and restructuring.
Track in Corporate Finance & Real Estate
The Corporate Finance & Real Estate Track is built on SDA Bocconi’s thirty years of research and teaching experience in the real estate sector. It offers participants the opportunity to specialize in corporate finance and the real estate industry by analyzing the transformation of business models, operational logics, and investment, financing, and management strategies.
Particular focus is placed on the impact of finance on the industry from the perspective of banks, investors, and both real estate and non–real estate companies.
Track in Asset/Wealth Management
By choosing from a range of offered courses, you will be able to specialize in the production or distribution aspects of financial products and services.
Objectives
Deepen your understanding of the main management techniques used in the international industry
Provide knowledge and tools useful for managing financial portfolios
Develop distinctive skills in the Asset/Wealth Management industries
The structure of the Asset/Wealth Management Track is divided into two parts: 1A + 2A and the Business Simulation.
1A - Asset/Wealth Management
This part includes the core courses of the specialization:
- Business strategy in asset management
- Regulation
- Risk management
- Factor and long run investing
- Exchanges and trading venues
- Alternative and real assets
- Portfolio optimisation & LDI
- Household finance
- Customer centricity - Private banking
2A - Elective Courses
You may choose one of the following courses offered by the other EMF specialization tracks:
- Advanced management accounting
- Real estate investment - valuation & feasibility analysis
- Rating-based lending
Business simulation in ESG portfolios
The Business Simulation of the Asset/Wealth Management Track focuses on applying ESG principles to the construction and distribution of financial portfolios. Operators consider environmental (E), social (S), and governance (G) factors in their decisions, given their importance both for generating persistent excess returns and for avoiding significant losses on individual securities caused by deficiencies in corporate policies related to these factors.
Working in small groups, participants will be required to build portfolios and highlight their advantages to investors, based on new evidence concerning relevant factors. Groups will be assisted by experienced professionals from both the equity and fixed-income markets.
Track in Banking & Insurance
Objectives
Provide tools for managing technical and financial resources in support of corporate strategy.
Strengthen the ability to make operational and strategic decisions to achieve business objectives.
Equip participants with the skills and tools needed to manage, grow, and restructure banks and insurance companies.
Develop leadership abilities and the capacity to govern human capital and the strategic business areas of banks and insurance companies.
The structure of the Track is divided into two parts: 1A + 2A and the Business Simulation.
1A - Banking & Insurance
This part includes the core courses of the specialization:
- Regulation
- Risk management
- Audit & compliance in banking
- Capital and asset & liability management
- Rating-based lending
- Insurance economics
- Insurance management
- Customer centricity - Private banking
- Bank and insurance transformation and turnaround
2A - Elective Courses
You may choose one of the following courses offered by the other EMF specialization tracks:
- Internal auditing & control
- Portfolio optimisation & ldi
- Real estate finance
Business simulation in Banking
The Business Simulation of the Banking Transformation Track focuses on decision-making regarding a bank’s business model during a period of profound industry transformation. Using a well-established group business game, participants will reflect on the levers available to a bank and the constraints imposed by the market - competitors and clients - as well as by regulation.
The final goal of the simulation is essentially to reproduce the work of an investment banking team specialized in FIG within the context of a hypothetical mandate to analyze the potential acquisition of a company operating in the banking sector. Participants will develop and present: the investment rationale, the impacts of the transaction, the key valuation considerations, the structure of the deal.
Track in Corporate Finance & Control
Objectives
- Provide financial and economic training to support corporate strategy.
Equip participants with the skills and tools needed to invest in, manage, and develop companies.
Develop the ability to govern corporate finance, treasury, and risk management.
The structure of the Track is divided into two parts: 1A + 2A and the Business Simulation.
1A - Corporate Finance & Control
This part includes the core courses of the specialization:
- Planning & control
- Advanced corporate finance & valuation
- Taxation & business combination
- Advanced management accounting
- Private equity and venture capital
- Extraordinary financial transactions
- Asset and debt restructuring
- Internal auditing and control
- Infrastructure & project financing
2A - Elective Courses
You may choose one of the following offered by the other EMF specialization tracks:
- Business strategy in real estate
- Banks and insurance transformation and turnaround
- Household finance
Business simulation applied Private Equity
The objective of the Applied Private Equity business simulation is to integrate and apply all the concepts learned in the Corporate Finance & Control Track, engaging participants in the development of a project of professional quality. The simulation is the primary tool for assessing understanding of the discipline and for carrying out the analysis, study, and structuring of an M&A transaction from the perspective of a Private Equity operator.
Key activities include: analysis of the business model, evaluation of synergies, definition of assumptions, preparation of the business plan, assessment of operational and financial risks, economic–financial planning, investment decision-making, negotiation post-deal management.
These steps allow participants to “drive” their strategy and achieve business objectives.
The Track concludes with the presentation of the assignment and a discussion of the actions taken before an evaluation committee and the EMF class.
Track Corporate Finance & Real Estate
Objectives
Provide industry-specific economic and financial training.
Equip participants with advanced and cross-functional skills and tools to invest in, manage, and develop real estate assets.
Build managerial and leadership capabilities in real estate and infrastructure.
The structure of the Track is divided into two parts: 1A + 2A and the Business Simulation.
1A - Corporate Finance & Real Estate
This part includes the core courses of the specialization:
- Urban planning & regeneration value
- Real estate investment - valuation & feasibility analysis
- Real estate finance
- Infrastructure & project financing
- Business strategy in real estate
- Planning & Control
- Extraordinary financial transactions
- Taxation & business combination
- Private equity & venture
2A - Elective Courses
You may choose one of the following courses offered by the other EMF specialization tracks:
- Asset & debt restructuring
- Alternative and real assets
- Audit compliance in banking
Business simulation applied Real Estate Investment & Asset Management
The objective of the Applied Real Estate Investment & Asset Management Business Simulation is to integrate and apply all the concepts learned in the Corporate Finance & Real Estate Track, engaging participants in the development of a project of professional quality. The simulation serves as the main tool for evaluating mastery of the discipline.
In this specific case, participants act as managers of an investment vehicle and are required to prepare a proposal for the acquisition of a property. They must develop a project that highlights its risk/return profile and outlines its management and value-enhancement plan over a predefined time horizon, based on the asset’s characteristics and investor return expectations.
Key activities include: market analysis, identification of the optimal value-enhancement strategy, economic–financial planning.
These steps allow participants to “drive” their strategy and achieve their objectives.
The Track concludes with the presentation of the assignment and a discussion of the actions taken before an evaluation committee and the EMF class
