Programme Information
Curriculum 2013/2014
Term 0 - Introduction Modules (optional)
Since not all degree candidates have the same academic and professional backgrounds, ISCTE Business School offers a preliminary term consisting of Introduction to Data Analysis and Research and Introduction to Financial Reporting.
All students should attend these classes. The admissions committee recommends all students to attend this term, and may make Term 0 compulsory for several students, after appraising their CV. This special preparation will enable students to adapt more easily to the issues discussed in the required courses.
| 1st Semester (September - January) | ECTS | 2nd Semester (January - May) | ECTS |
|---|---|---|---|
| Corporate Finance | 6 | Corporate Valuation | 6 |
| Financial Options | 6 | Elective | 6 |
| Futures, Forwards and Swaps | 6 | Elective | 6 |
| Investments | 6 | Free Option | 6 |
| Quantitative Methods for Finance | 6 | Free Option | 6 |
|
| Master Project in Finance or Master Dissertation in Finance | 36 |
| Finance Seminars | 6 |
MSc in Finance Syllabus 2013/2014 >
Elective courses
Note: The courses below are examples of modules which may be offered, however the School reserves the right to alter, omit or add optional modules within the overall framework described above:
- Financial Corporate Strategy
- Entrepreneurial Finance
- International Finance
- Portfolio Management
- Structured Products and Credit Derivatives
- Fixed Income Markets
- Risk Management
- Electives courses from other masters
Microstructure and Trading Program at University of Delaware (Optional*)
During January, students will have the opportunity to study market microstructure and equity trading via our study abroad program at the Exelon Trading Center in the Lerner College of Business and Economics, the University of Delaware (U.D.). As part of this programme, students can obtain Bloomberg information software certifications. U.D. is a fully-accredit
ed research-extensive university with strong traditions in instruction and demonstrated excellence in research, including Nobel Prize winners. The University is located midway between New York and Washington, making for easy optional visits to either city on the weekends. The Exelon Trading Center is a state-of-the-art facility designed to replicate a financial firm's trading floor. Our January program, which was pioneered in the previous year, is planned jointly by ISCTE-IUL and U.D. faculty and is presented by U.D. Finance faculty who are specialists in their topics.
The programme also includes a visit to firms in the New York financial district.
* Please note, that this event needs a minimum of participants and that tha costs are not included in the tuiton fee. This Program is conditional on approvals for 2012.
Alfred Lerner College of Business & Economics, University of Delaware >
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Faculty
Our world-class faculty has many years of international experience and a uniquely diverse set of research interests. They offer students the opportunity to acquire a first-hand knowledge of cutting-edge developments worldwide. IBS finance faculty members have an outstanding research track record, publish regularly in the world's foremost speciality journals, and are active players in the finance field. IBS has to its credit:
• A full-time faculty with PhDs from well-known universities such as Reading and Warwick (UK), Bocconi and European University Institute (Italy), Vanderbilt University, Carnegie Mellon University, North Carolina and University of Illinois (US), and Lausanne (Switzerland). This diversity confers on the programme an international outlook and state-of-the-art instruction in finance.
• A part-time faculty with professors of finance, who are prominent in the business world and whose experience can better help to connect students to the real world of finance through classes and workshops, giving them an inside view of how the industry really works;
• A shared goal to provide an outstanding learning experience with every course; each learning module is closely supervised and evaluated, to assure our School's reputation for exceptional teaching and curriculum quality.
Master of Finance - Faculty
António BARBOSA
Dr. Barbosa has a PhD in Industrial Administration (Finance) from the Carnegie Mellon University and currently holds the title of assistant professor of Finance at IBS. His research interests include information economics, asset pricing and market microstructure and he enjoys the theoretical side of finance. 'Seeking inspiration' is often used by Dr. Barbosa as an excuse for mountain biking.
António GOMES MOTA
With a PhD degree in Finance from ISCTE Business School, Dr. Mota was de Dean of IBS from 2003 to 2012. He has extensive experience in the finance industry, as a top executive of several financial institutions. He has also held several non executive board position in large Portuguese public companies. Currently, he is Board Member of the Supervisory Board of EDP and Chairman of the General Council of Fundo de Contragarantia Mútua. He is the author of several books on corporate finance, corporate restructuring and investments.
Helena Pinto de SOUSA
Helena Pinto de Sousa holds a Masters in Finance degree from the London Business School (United Kingdom). She is a part-time professor at ISCTE Business School. She has extensive experience as a strategy and finance consultant, both in Portugal and in the UK, helping companies that range from the FTSE100 to small start-ups.
João Pedro NUNES
With a PhD in Finance from the University of Warwick (UK), Dr. Nunes is an associate professor of Finance at IBS, the Chair of the Department of Finance, director of the Executive master's in Financial Markets and Asset Management as well as the director of the master in Mathematical Finance. His current research interests include term structure modeling and option pricing. He has published in Mathematical Finance, Journal of Financial and Quantitative Analysis, Review of Derivatives Research, Journal of Derivatives and the Journal of Futures Markets.
João Pedro PEREIRA
Dr. Pereira is an assistant professor of Finance at IBS. He holds a PhD in Finance from the University of North Carolina at Chapel Hill (US). His current research interests include energy markets, energy risk management, asset pricing, and credit risk. He has published in the Journal of Financial and Quantitative Analysis, Journal of Empirical Finance, and European Financial Management. He has worked as a consultant for several corporations on such issues as financial markets analysis, stock valuation, and credit risk pricing.
José Carlos DIAS
Dr. Dias holds a PhD degree in Finance from ISCTE-IUL Business School. He is currently Assistant Professor of Finance and Director of the Master in Finance at ISCTE-IUL Business School. His current research interests include option pricing, exotic options, real options, and credit risk. He has published in the European Journal of Operational Research, Quantitative Finance, European Journal of Finance, and Journal of Futures Markets.
José DIAS CURTO
Dr. Dias Curto is currently Associate professor in the Quantitative Methods department and Director of the Master in Management at ISCTE-IUL Business School. His research is broadly on statistics and econometrics applied to finance and accounting. He has published his work on the International Statistical Review, Journal of Business Ethics, Statistical Papers, Journal of Applied Statistics, Nonlinear Dynamics, European Management Journal, Journal of International Financial Markets, Institutions and Money, Review of Quantitative Finance and Accounting, European Accounting Review and Australian Accounting Review. He has got his Ph.D. in Quantitative Methods for Management from ISCTE-IUL.
José Paulo ESPERANÇA
With a PhD in Economics from the European University Institute (Italy), Esperança is a professor of Finance and the chairman of AUDAX, the IBS Centre of Entrepreneurship, which is aimed at promoting, assisting and financing start ups. His research interests include corporate governance, capital structure of SMEs and entrepreneurial finance and his research has been published in leading finance journals.
Luís LAUREANO
Dr Laureano is an assistant professor at IBS- ISCTE Business School. He holds a PhD in Finance from ISCTE-IUL. His research interests are in the areas of corporate finance and financial markets. He has published in the Journal of Financial Economics.
Paul LAUX
Dr. Laux has a PhD in Finance from Vanderbilt University. He is a professor of Finance at the University of Delaware and is professor catedrático convidado at IBS. Formerly an associate professor at Case Western University, his research interests include market microstructure, financial markets and law and finance. He has published in the Journal of Finance, the Journal of Financial and Quantitative Analysis, the Journal of International Business Studies and the Financial Analyst Journal. He has been a consultant in financial market issues to entities such as the Government of Australia, Sydney Futures Exchange and NASDAQ.
Rui ALPALHÃO
Dr Alpalhão holds a PhD degree in Finance from ISCTE Business School. He is a part-time professor. He is currently the CEO of FundBox, a leading real estate fund management company and was formerly the CEO and an executive board member of several financial companies in Portugal.
Sofia B. RAMOS
Currently assistant professor of finance at ISCTE Business School. Her research is broadly on financial institutions, mainly in stock exchanges competition and international finance. She has published her work on the Journal of Banking and Finance, Review of Finance, Journal of Empirical Finance, Journal of Financial Markets, European Financial Management and European Finance Journal. She has got her MSc in Economics from Universitat Pompeu Fabra, Barcelona, and her Ph.D. in Finance from University of Lausanne.
Szabolcs SEBESTYÉN
Dr. Sebestyén holds a PhD in Economics from the University of Alicante (Spain). He is currently an Assistant Professor in the Department of Finance of ISCTE-IUL Business School. His research interests include financial econometrics, empirical asset pricing, term structure modeling, credit markets and monetary policy.
Academic Year 2013/2014
| From | Until | ||
|---|---|---|---|
| Term 0 (Optional) | Introductory courses | Beginning of September | |
| Kick-off Weekend | Vision Weekend (Residential) | Middle of September | |
| 1st Semester | Courses | 16-09-13 | 29-11-13 |
| 2nd Semester | Courses | 27-01-14 | 02-05-14 |
| 2nd Year | Final Project |
- | - |
| From | Until | |
|---|---|---|
| Christmas Break |
23-12-13 | 04-01-14 |
| Carnival Break | 03-03-14 | 07-03-14 |
| Easter Break | 07-04-14 | 20-04-14 |
| From | Until | ||
|---|---|---|---|
| 1st Semester | Final Exams |
09-12-13 | 20-12-13 |
| Second Chance Exams |
06-01-14 | 10-01-14 | |
| 2nd Semeter | Final Exams | 12-05-14 | 22-05-14 |
| Second Chance Exams | 02-06-14 | 06-06-14 |
Note 1: Though unlikely, minor changes may be made to the schedule due to circumstances beyond IBS's control.
Note 2: Some exams may be done during the courses period
Tuition 2013/2014
| Extra EU | EU | |
|---|---|---|
| 1st Year | € 7.000,00 | € 5.250,00 |
| 2nd Year (dissertation/project) | € 1.600,00 | |
For the 1st Year:
| Cost | Amount | Data due |
|---|---|---|
| Tuition (1st installment) | € 1.200,00 | in enrollment |
| Tuition (2nd installment) | € 725,00 |
from 1 to 30 November 2013 |
| Tuition (3rd installment) | € 725,00 | from 1 to 31 December 2013 |
| Tuition (4th installment) | € 725,00 | from 2 to 31 January 2014 |
| Tuition (5th installment) | € 725,00 | from 1 to 28 February 2014 |
| Tuition (6th installment) | € 725,00 | from 1 to 31 March 2014 |
| Tuition (7th installment) | € 725,00 | from 1 to 30 April 2014 |
| Tuition (8th installment) | € 725,00 | from 1 to 31 May 2014 |
| Tuition (9th installment) | € 725,00 | from 1 to 30 June 2014 |
| Cost | Amount | Data due |
|---|---|---|
| Tuition (1st installment) | € 750,00 |
in enrollment |
| Tuition (2nd installment) | € 562,50 | from 1 to 30 November 2013 |
| Tuition (3rd installment) | € 562,50 | from 1 to 31 December 2013 |
| Tuition (4th installment) | € 562,50 | from 2 to 31 de January 2014 |
| Tuition (5th installment) | € 562,50 | from 1 to 28 February 2014 |
| Tuition (6th installment) | € 562,50 | from 1 to 31 March 2014 |
| Tuition (7th installment) | € 562,50 | from 1 to 30 April 2014 |
| Tuition (8th installment) | € 562,50 | from 1 to 31 May 2014 |
| Tuition (9th installment) | € 562,50 | from 1 to 30 June 2014 |
This tuition includes:
- Travel and accommodation for the mid-week residential stay in Madrid, Spain.
- Travel, accommodation and meals for the initial residential weekend and the leadership practical training course.
- Free access to all IBS facilities and general services.
