Corporate financial management involves the process through which the corporation creates value through its capital allocation and acquisition decisions. Using a blend of quantitative tools and analyses, managers forecast financial needs and opportunities, assess the value of these opportunities, and implement a strategy for achieving the company's financial goals. Major corporate finance decisions include capital budgeting decisions, valuation analysis, financing decisions, risk management, and dividend policy.
The Corporate Financial Management Certificate builds your understanding of the interactions between a firm's investment decisions and its business and operational strategies. Receive a foundation in corporate financial management by developing your skill set in corporate finance, short-term financing, and international financial reporting and analysis. You'll then have the opportunity to pursue electives in such areas as valuation, acquisitions of privately held companies, financial modeling, international finance, and creating value through restructuring.
Any Katz MBA student is eligible to pursue a Corporate Financial Management Certificate. The Project Course in Finance satisfies the program's experience-based learning requirement. In this course, you'll work on a team to assist a company on a corporate financial management issue. The certificate prepares students for managerial positions in corporate finance, banking and financial institutions, investment management, and consulting.
Required Courses and Electives
Total Credits: 10.5 credits
Required Courses (6 credits):
|BFIN 2036: Corporate Finance||3|
|BFIN 2015: Short-term Financing||1.5|
|BACC 2510: Intermediate Financial Reporting & Analysis 1||1.5|
Electives (4.5 credits); choose from the following:
|BFIN 2031: Creating Value Through Restructuring||1.5|
|BFIN 2042: Acquisitions of Privately Held Companies||1.5|
|BFIN 2145: Financial Modeling||3|
|BFIN 2030: Valuation 1||1.5|
|BFIN 2043: International Financial Management||3|
Full-time and professional students are eligible to receive a Corporate Financial Management Certificate when all of the following criteria are satisfied:
|Completion of both Financial Management 1 (1.5 credits) and Financial Management 2 (1.5 credits), as they serve as prerequisites for subsequent electives.|
|Completion of a combination of 6 required credits and 4.5 elective credits from the approved course list.|
|Grades of B or better for each course, required and elective.|
|A minimum B+ average (3.25 QPA) across all certificate-related courses and credits.|
Accounting/Tax - Manages corporate accounting and financial reporting functions or tax management functions. Positions potentially lead to a corporate controller position.
Treasury - Manages capital, long-and short-term funding, credit facilities, liquidity, and the cash and investment portfolio of a company. Also manages foreign currency exchange exposure for financing transactions as well as investments. Manages relationships with credit rating agencies, commercial banks, broker dealers, and all credit providers and counterparties.
Financial Planning & Profitability Analysis - Develops financial targets and budgets for individual business units and cost centers that reflect the overall financial goals of the board of directors and CEO of the organization. Analyzes actual and forecasted results against these goals and presents analysis of performance to CFO, CEO, and business unit heads. Helps to develop business action plans to address performance issues.
Investor Relations - Manages relationships with sell-side analysts, buy-side analysts, and large institutional investors. Clearly articulates company strategy to enhance shareholder value/share price. Formally reviews quarterly performance with these constituencies.
Strategic Planning - Works closely with CEO, CFO, business heads, and investment banks to identify targets for M&A. Leads business case development, financial and business analytics, and all valuation and negotiation activities.
Banking & Financial Institutions
Investment Banking/Corporate Finance - Works to raise money for corporate clients and public institutions in the form of equity, debt, convertible, or other derivative securities through a public issue or private placement.
Investment Banking/Mergers and Acquisitions - Generates proposals for and advises companies seeking to sell or purchase whole companies, divisions, or certain assets.
Investment Banking- Advisory/Financial Consulting - Linked to all of the above. Includes capital structure analysis, comparable analysis, industry research, and various forms of fairness opinions.
Independent Investment Research - Analyzes company and industry fundamentals, predicts earnings and cash flows, determines valuations, and recommends investments to buy-side clients. Research professionals can work on the sell side (Morningstar, etc.).
Private Equity/Venture Capital - Private equity is a type of alternative investment that involves investing in privately held companies or the activity of buying a public company and transferring it to private ownership. Investments in private equity most often involve either an investment of capital into an operating company or the acquisition of an operating company, with an objective of selling the company at a significantly higher price in the future. Venture capital investments are typically early-stage startups.
Financial Advisory - Advises clients on executing deals, performing business valuations, managing business controversy and disputes, and maintaining regulatory compliance. A CFA designation is typically preferred.