Global Executive Masters in Financial Management

The Global Executive Masters in Financial Management is a part-time executive program with a global reach, franchised through the GEMFM Global Network. It has been designed and developed by the GEMFM Global Network, an organization of financial professionals and educational experts from 4 different continents. It is accredited by The International Board for Quality Assurance and Accreditation of Executive Financial Education (IBQA), The Hague, and the American Academy of Financial Management (AAFM). In addition, it is certified by the local educational authorities in each location where it is offered. It is delivered in-class, hybrid, and online.

 

The Global Executive Masters in Financial Management program is taught by finance professors with extensive experience in executive education from top universities in the world, creating a truly global network. The consortium of universities offering the program are local premium business schools, who deliver the Global Executive Masters in Financial Management program locally in conjunction with the GEMFM Global Network.

 

The Global Executive Masters in Financial Management program includes an optional Study Tour in New York, simulation training by ProBanker, student and staff exchanges, and integrated curriculum. The program caters for the needs of the ‘new’ financial world by focusing on core capabilities: an international orientation, in-depth financial expertise, and the management skills and analytical abilities essential for an ever changing environment. The program pays attention to the personal leadership skills of the financial professional, stressing both effectiveness (getting things done) and responsibilities (impact).

Locations

 

The structure and the core of the Global Executive Masters in Financial Management program is the same in different countries. Participants will choose the home business school that is more convenient for them (more locations are on their way):

 

• Curacao – University of Curacao

 

• Lebanon – ESA Business School (running a spin-off of the Global Executive Masters in Financial Management program, in conjunction with Bocconi University)

 

• Mexico – IESDE School of Management

 

Participants will earn the Global Executive Masters in Financial Management degree from their home university, plus a certificate issued by the GEMFM Global Network. Each program is validated by its business school and recognized by its national educational authorities.

 

The Global Executive Masters in Financial Management is a program for people with work experience, which allows networking and high-quality class discussions. Through the international network, participants can also connect to students and alumni of other Global Executive Masters in Financial Management programs abroad. Participants are highly stimulated to take some core and elective courses at different Global Executive Masters in Financial Management partner schools.


 
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Objectives

• To provide participants with an up-to-date view on both theory and practice.

• To strengthen the participants' ability to keep pace with future developments.

• To make participants acquainted and familiar with the most important tools for problem analysis and decision support.

• To promote a problem-oriented approach to financial management, in which finding an approximate solution to the precise problem is preferred to finding an exact solution to some approximate problem.

• To promote attention for the international aspects of and contingencies within the financial world.

• To provide participants with skills for communication within both the national and international financial world, skills for 'getting things done'.

• To provide participants with an understanding of the legal, social and ethical aspects of financial management.

Curriculum

 

The Global Executive Masters in Financial Management is a part-time academic program tailor-made for professionals involved in positions where financial information is crucial to excellent performance. The program combines financial theory with its application in practice.

 

Learning in the Global Executive Masters in Financial Management program is different to traditional university learning. Designed to maximize knowledge sharing, dialogue-driven lessons engage students in cross-cultural discussions with educators and peers. Participants can use the knowledge learned immediately on their jobs. Teaching methods include simulations, workshops, business cases, team as well as independent work, and coverage of actual financial topics in the news.

 

The Global Executive Masters in Financial Management program consists of 16 modules (of which 6 are electives) with highly interactive courses bridging the gap between theory and practice; offering a multi-dimensional and international perspective on financial management. English is the primary language used for the Global Executive Masters in Financial Management modules and communications.

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Core courses

1. Introduction to Finance
2. Computational Finance
3. Empirical Finance
4. Portfolio & Market Theory
5. Fixed Income & Asset Allocation
6. Corporate Finance
7. Financial Reporting & Analysis
8. Introduction to Derivatives
9. Risk Management
10. Leadership and Corporate Social Responsibility

 

 

Elective courses

Electives are designed to adapt to students´ particular needs and circumstances. They are intended to support participants who want to grow within the financial industry, as well as those who are seeking for a broad financial profile to function as financial managers in companies and other organizations. The program is suitable also for candidates who want to strengthen their knowledge in finance because they experience this as a necessity in their daily practice (for instance lawyers, fiscal experts, and regulators).

 

Participants can choose from a long list of elective courses from three categories:
a. Corporate Financial Management
b. Investments & Financial Markets
c. Decision Making, Management, Leadership

 

The Global Executive Masters in Financial Management program is an eighteen month program taught once a month (24 hours per module). The exact schedule is tuned to the local circumstances. In between classes there may be preparatory reading, assignments, and exams. Nevertheless, as this is a part-time executive master program, participants will find an adequate work/study balance. The final component of the Global Executive Masters in Financial Management program requires the students to complete a capstone project.


The Global Executive Masters in Financial Management program includes an optional study trip to New York City, with visits to financial institutions and other important parties in the financial sector.

 

New York Study Tour

The 5-days New York Study Tour consists of an intense and competitive simulation of bank management strategies, together with visits to financial institutions and important financial sector players. It usually takes place in the Cornell Club, with a combination of guest speakers and simulation-based training provided by ProBanker. Prior guest speakers included Tabish Almas (Quantitative Analyst, OpenLink Financial, NY), Geoffroy Teyssonniere de Gramont (Managing Director, Societie Generale), and John Addeo (Director, Genstar Private Equity). Visits include APG Asset Management, Bloomberg, Veris Wealth Partners, Federal Reserve Bank, and Wall Street.

 

ProBanker

ProBanker provides with an opportunity to practice decision-making skills in a complex environment. Through simulation-based training, participants gain a comprehensive understanding of balancing banks´ business objectives, risk and compliance.

 

ProBanker is a web-based program where participants work together in teams and input a range of decisions every quarter affecting deposits, loans, bonds, and capital. Once the simulation is run, the results can be reviewed and discussed with the instructor prior to deciding the inputs for the following quarter. A series of assignments will test the knowledge of the various principles, concepts and tools required in bank management.

 

Simulation-based training is now recognized as the most effective way to teach decision-making skills. It is ideal for evaluating team-based and interpersonal skills. Simulation-based training is interactive and participants retain more knowledge that lecture-based classes (and is usually fun).

 

ProBanker is a company with both academic and professional experience. It has decades of experience in providing training solutions. ProBanker employs state-of-the-art advanced simulation customized for today’s banks. Participants have provided consistently positive feedback.

 

ProBanker Simulation was originally developed by Mark Flannery at Wharton, was joined by Mark Flood in the mid-1990s to transition it from a PC-based to a web-based program. In 2010, Anoop Rai joined the team to transition it to the next generation software for hybrid and online classes. Jaap Spronk joined ProBanker SimulationTraining in 2014 to globalize the curriculum and expand to overseas markets. It is now offered in several languages.


Quality

The graduates of the Global Executive Masters in Financial Management program are financial experts who are well-equipped to understand and solve a wide range of finance-related issues as encountered in firms, financial institutions, and other organizations. The program approaches financial decision making and analysis from a managerial perspective (with an eye for context and successful action), taking account of the (more general) insights and evidence from the study of finance. The Global Executive Masters in Financial Management participants know how to look behind the numbers, and pay attention to the context and implications of financial management (compliance, governance, corporate responsibility).

 

Quality is defined along five dimensions:
1. Content which is up-to-date and up-to-the-standard
2. Practical relevance
3. Effective communication and interaction
4. Professional delivery
5. Corporate/ social responsibility

 

The Global Executive Masters in Financial Management program integrates a network of selected professors of highly-ranked business schools from all-over-the world, with a proven track record in executive education, providing a rich plurality of content and perspective. There is continuous quality control, through accreditations and interactions with financial institutions and other organizations, alumni, and students.


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Faculty

All Global Executive Masters in Financial Management faculty members have been selected on basis of four criteria:

a) sound academic background; b) being inspirational lecturers; c) bringing practical relevance; d) professional delivery. They have been recruited from highly-ranked business schools, from a wide array of countries in four different continents.

 

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Prof. dr. Jaap Spronk

GEMFM Global Network Director

Global Executive Masters in Financial Management Academic Director
Prof.dr. Jaap (Jacob) Spronk is the Director of the GEMFM Global Network. He has been a Full Professor of Finance at Erasmus University Rotterdam since 1982. First at the Erasmus School of Economics and from 2008 in the Rotterdam School of Management, where he was Academic Dean of MBA Programs until recently. In the School of Economics, he served as Vice-Dean for International New Business Development from 2003 until 2008, Director of Studies for the Faculty of Economics from 2003 to 2007; Director, Division of Accounting & Finance from 1996 to 2003; and Chair, Department of Finance from 1984 to 2003. Professor Spronk is now Emeritus Professor for both Erasmus Schools (Economics and Management). Currently he has a part-time full professorship at the University of Curacao. Fluent in Dutch, English, French, German and Italian, Professor Spronk has assumed professorships at a range of universities worldwide.  He has been a Fellow of the European Institute for Advanced Studies in Management in Brussels, Erasmus Research Institute of Management, and Tinbergen Institute (Member Founding Board). He is frequently invited by schools, universities and conferences around the world, and has been part of numerous selection committees for professorships in the Netherlands, Norway, Sweden, the United Kingdom, and the United States. His awards include a Gold Medal of the International Society of Multiple Criteria Decision Making (2002) and he has been a member of the Royal Dutch Society of Sciences since 1988. Beyond his life in academia, Professor Spronk is often called upon as a consultant for government, financial institutions, companies and other institutions. Frequently published in books and journals, Professor Spronk’ s current research interests include Financial Management Science and Multidimensional Finance.
 

Testimonials

 
 
If you are affiliated to a Business School interested in the possibility of offering the Global Executive Masters in Financial Management program, please contact the GEMFM Global Network: This email address is being protected from spambots. You need JavaScript enabled to view it.