Programmes

Finance for Executives

  • Executive
  • Department of Finance
  • Application code EE952
  • Starting 2020
  • Short course: Open
  • Location: Houghton Street, London

This five-day executive programme is designed and delivered by some of the world’s leading faculty in corporate finance. It will empower you to use financial tools to make better decisions and become even greater assets to your organisation.

5 day intensive programme running 24 - 28 February 2020 and 8 - 12 June 2020

Many executives ascend to positions of great  responsibility with less knowledge of finance than they desire. This essential programme is an expertly designed overview of the crucial frameworks and tools of modern corporate finance. Over five intensive days, this programme breaks down the barriers faced by managers and directors and equips participants with tools that are immediately applicable in any organisation.

This fast-paced, highly interactive course combines case studies, lectures, exercises, spreadsheet modelling and classroom discussions to explore the most useful tools of corporate finance. These tools include, but are not limited to, corporate financial analysis and forecasting, capital budgeting, and project and company valuation. Every day of the programme introduces new tools and concepts, explores and evaluates them, and immediately applies them to real-world case studies.

This executive course is suitable for:

Mid to senior level executives who would benefit from a focused and practical overview of corporate finance. This includes executives in all functional areas, including but not restricted to general management, corporate planning, strategy, marketing and sales, operations, and research and development. This course develops the skills of senior managers and directors within a broad range of organisations; from start-ups through to multinationals, NGOs, government bodies and public sector services.

Tuition Fee: £6,295

Includes all LSE tuition, course materials, daily lunches, and networking events. You will also be awarded an LSE certificate of completion at the end of the five days.

Part of LSE Executive Education Courses

Programme details

Programme structure

Programme schedule (subject to change):
This is an interactive and highly case-based course

Day one

  • Introduction to the course
  • Accounting review
  • Assessing the financial health of a firm
    — Financial statement analysis
    — Financial and operating ratios
  • Forecasting funding needs
    — Sources & uses analysis
    — Sustainable growth
  • Case study 1
    Introduction to valuation
    — Cash flow forecasting
    — Discounting and NPV

Evening welcome reception

Day two

  • Optimal investment decisions
    — Allocating resources within and across firms
  • Valuing investment projects
  • Discounted cash flow (DCF) analysis
    — Calculating Free Cash Flow
    — Sensitivity & scenario analysis
  • Case Studies 2 & 3

Day three

  • Interacting with capital markets
    — Shareholders
    — Lenders
  • Cost of capital and the pricing of risk
    — The risk-return trade-off
    — Betas and alphas
  • Optimal capital structure
    — Bond ratings and default
    — Tax benefits of debt
  • Optimal payout policies
  • Case Study 4

Day four

  • Valuing entire companies
    — Terminal value calculations
  • Valuation by comparables
    — Valuation multiples
  • Mergers and acquisitions
  • Case Study 5

Dinner and drinks reception

Day five

  • Applications of project and company valuation
  • Case Study 6
  • Course wrap-up
  • Exam

All course content is correct at the time this information has first been made available to you. It is subject to change without notice; however any significant changes to course outlines will be notified in advance.

View a sample timetable of the week >>

Entry requirements

All LSE executive education participants are required to have:

  • Fluency in English.
  • A good undergraduate degree or significant work experience in a relevant role(s).
  • Minimum two years’ professional experience. Typically our participants have more than ten years’ work experience.

Prerequisites

No advanced quantitative skills are required, but participants should have some familiarity with Microsoft Excel or similar tools.

 

Course outcomes

  • Develop the skills required to critically assess the financial health and needs of your firm
  • Understand and practice how to allocate financial (and other) resources optimally
  • Confidently evaluate major investment projects and entire companies
  • Assess the attractiveness of investments through discounted cash flow (DCF) modelling and analysis
  • Communicate more effectively with the finance function in your own organisation
  • Communicate on a level-playing field with key sources of outside financing such as lenders and shareholders

Faculty and guest speakers

The course will be taught by:

  • Professor Dirk Jenter
  • Professor Daniel Ferreira

 

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