19th edition 2018 - 2019
This list may be subject to change, to make room for new ideas, projects or issues of emerging significance.
"There are several aspects that I appreciated about the MCF. For example, the streamlined structure of the program, which is designed to maximize performance and the study of highly complex subjects."
Andrea Bodini-Nocent - Italian | MCF 2014Financial Analyst, Dream Capital Partners
Online Tutorials & F2F Pre-Courses
Online Tutorials (August)
To prepare for the MCF in-class activities, the Online Tutorials are recommended for those who do not have a strong academic background in Finance:
- Quantitative Methods
- Economics Micro & Macro
These are designed to allow all the participants to begin the Program at a required common level of understanding of the key concepts and methods that will be applied during the Program. The purchase of the Online Tutorials is strongly recommended.
A test for each tutorial is compulsory for all participants after the tutorial phase, on the first day of class, whether or not they purchased the tutorials.
Welcome Week & Face-to-Face Pre-Courses (September)
The Welcome Week is the official beginning of class work. During this week, the Director and the staff will set the foundations of the program. The Welcome Week represents an important moment for getting to know the other participants, the faculty and the school. The Director and the staff will organize a number of initiatives and events to get to know the School and to socialize.
The Welcome Week will be followed by a face to face Pre-courses period in:
- Statistics & Quantitative Methods
- Excel, Power Point and Visual Graphics for Finance
These courses develop financial knowledge, models and tools. Participants must attend all courses and take compulsory exams in each course.
- Financial Economics
- Foundations of macroeconomics
- European economic policy
- Monetary Policy
- Financial regulation and supervision
- Financial Accounting
- Accounting and the language of business: the balance sheet
- Transaction analysis
- Accrual accounting and financial statement
- Income statement and balance sheet evaluation
- Financial Analysis
- Financial statement analysis
- Financial ratios
- Cash flow modelling and analysis
- Working capital management
- Financial planning & cash management
- Financial Modeling
- Statistics review
- Linear regression
- Time series forecasting
- What if analysis
- Monte Carlo simulation
- Financial Management
- Capital budgeting and investment analysis
- Cost of equity capital
- Cost of debt
- Capital structure
- Corporate Valuation
- Basic principle in valuation
- Discounted cash flow
- DDM and other techniques
- Relative valuation approaches (Market and Transaction multiples)
- Valuation for M&As
- Capital Markets
- Issuing equity securities
- The IPO process
- The bond issuing process
- Credit & Equity derivatives
These courses go in depth in many important and strategic areas of Corporate Finance. The courses are compulsory and all participants must sit for exam.
- Managerial & Entrepreneurial Finance
- Mergers & Acquisitions: the intersection of strategy and finance; using M&As to grow, reconfigure or harvest; how to design and implement M&As deals; how to structure and analyse LBOs.
- Private Equity & Venture Capital: the Private equity & Venture Capital industry and its main actors; the investment process in Private Equity & Venture Capital: the investment selection, deal structuring, monitoring and exiting.
- Real Estate Finance: analysis of the real estate market with the key rules; the compensation mechanisms and the role of the main players; real estate financing and investing.
- Corporate Restructuring: designing appropriate restructuring processes for the value regeneration; how to handle distressed firms and their assets; restructuring of financial institutions and NPLs.
- Tax & Finance: an overview of corporate taxation; analysis of fiscal aspects of the main financial operations; fiscal planning & optimization.
- Banking and Institutional Finance
- Corporate Financial Policies: an analysis of financial policies and on how to "read" the behavior of debt capital markets, in terms of capital structure design and dividend policies.
- Project Finance: an understanding of the main features, advantages and limits of project finance in realizing infrastructure investment projects.
- Acquisition & Leveraged Finance: an overview of the acquisition and leveraged finance industry and of different sources of funding.
- Financial & Enterprise Risk Management: enterprise risk analysis and assessment; managing FX, currency and interest rate risks; credit risk pricing and management.
- Asset Management & Markets
- Derivatives: credit derivatives, equity derivatives, hedging strategies, investment strategies.
- Portfolio Management: principles of investments; investment styles; equity portfolio management.
- Financial Databases and Portfolio Simulation: a course on Bloomberg, which is designed to enhance the ability to examine and retrieve financial information, and to assess its reliability and meaning, enriched by an applied portfolio management simulation.
These are intensive courses taught by managers and practitioners on up-to-date issues arising in the Corporate Finance World.
- Social Responsible Investing
- Advanced Finance for CFA Exam Preparation*
- Personal Development Course & Soft Skills
- Auction Game
- Strategy in Banking & Finance
- Bank Valuation
- Hedge Funds
- Wealth Management
- International M&As
- Negotiation Skills & Legal Finance
- Financial Communication
- Public Private Parternship Finance
- Real Estate Investments
- Financial Econometrics
- Bank Restructuring
- Strategic Finance
- Fixed Income
- Careers in Finance
*CFA charterholders will have course attendance waived
iPS, Individual Path to Success - Alternative Options
The participants will find how they would like to spend the last part of the program by matching the opportunity offered with their personal interests (and attitudes).
It is a period of work experience in well-know institutions. The MCF program offers on-campus presentations that will generate internship offers.
Participants may also search for an internship on their own, should this better fit their personal and career goals.
Experience has shown that most companies offering internships will offer permanent work positions.
Applied Research Project
The applied project allows participant to investigate in a relevant managerial topic assigned by a company or chose by the participant. The project will be supervised by a faculty or corporate member.