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).
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.
• 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.
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.
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
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 TourThe 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 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.
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.
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.
Global Executive Masters in Financial Management Academic Director
Priscilla Lotman Operations Manager, Front Shore, Willemstad
Graduate, First Executive Masters in Financial Management Program in Curacao
"The Executive Masters in Financial Management Program was truly a career-changer for me. I found my “niche” during one of the exchange programs and I am now continuously working to expand and improve the financial industry in Curacao through Islamic finance and sustainable and ethical finance. The program provided me with the right tools and confidence to do so."
Marlene La Cruz MaduroManager Business Special Loans at RBC Royal Bank NV
Graduate, First Executive Masters in Financial Management Program in Curacao
"I started with the Executive Masters in Financial Management Program in June 2010 and finished in November 2011. It was a great experience to participate in the program. The courses were very interesting and furthermore all professors were very qualified. The fact that we could also follow courses at school programs in Lebanon, Holland and New York made the program extraordinary. Namely by doing this we could share experience with students from other countries. I do strongly recommend this program."
Víctor Manuel Gonzalez Director of Accounting/ Treasury/ Insurance Volkswagen de Mexico, Puebla, Mexico
Graduate, First Executive Masters in Financial Management Program in Mexico, 2015
"This executive masters in financial management program allows networking with different schools and people around the world. It provides with prestigious, international professors, and very valuable alumni. I am very satisfied with this program".
Sami FakhouryCEO Tamweel Capital, Lebanon
Graduate, First Executive Masters in Financial Management in Lebanon, 2010
"The program helped me enhancing my knowledge in Financial Markets. It also gave me the opportunity to meet and benefit from the experience of great professors that are leaders in the Financial Industry. Now I can proudly say that I am a holder of an internationally recognized diploma."
Ameer J.J. HekManaging Director/Financial Advisor Orion Analytics, Willemstad Dutch Caribbean
Graduate 2nd Edition of the Executive Masters in Financial Management Program in Curacao
“I have found what I was looking for; the ability to create, manage and enhance my own wealth and happiness while contributing profoundly, professionally and significantly with value to economic welfare in the financial sector, namely the domestic investment, commercial & cooperative banking industry. This program geared me up to be successful in the local community and international financial markets as a financial advisor, trade-investor and business owner. By enrolling to this program you will embark on an empowering, exciting, profitable and liberating journey full of transformational and illuminating insights that will surely shift your financial market paradigm. The GEMFM is customized, interactive, international, and combines financial theory with its applications in practice, designed so that you can become financially powerful by providing you with a better understanding of underlying structures of —and incorporates a wide range of applied methods in— the science that is Financial Management. The material is covered through collaborative effort of several professors with excellent academic respectability and recognized leaders in their fields of expertise.”
Christelle AbboudSenior Financial Advisor Capital Markets
“As a Senior Financial Consultant, I spent a tremendous amount of time looking for a complete executive program that would add a real value to my career. And today, I consider myself extremely lucky to have selected the Executive Masters in Financial Management program at ESA, as it proved to be the most appropriate program, taking into consideration the international caliber of the teachers, the meticulously chosen program and modules and, last but not least, the great selection of the participants. The Executive Masters in Financial Management has helped me refine my general knowledge in Finance and in Business in general. It also helped me acquire new ways of thinking, and new views on global topics. On a personal level, it allowed me to follow a strict discipline while also offering a considerable flexibility and understanding to my professional needs. In addition to that, I would like to highlight that it was very pleasant and helpful to meet interesting people, all very successful in diverse fields, and be able to share experiences and develop new friendships.”
Jose Carlos SerranoCFO Murguia Consultores. Mexico City
Graduate, First Executive Masters in Financial Management Program in Mexico, 2015
“I highly recommend this executive masters in financial management program. My experience was very positive. I learned a lot of practical things, with immediate application in my job. During the program I really enjoyed the interaction both with my professors and classmates, who possess very high human values.”