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Master in Banking and Finance (in Spanish)

Program curriculum and final degree

Program Curriculum

Click here to download the programme in PDF (in Spanish)

Module I. Managing credit entities.

  1. Introduction.
  2. Financial mathematics.
    1. Financial operations: definition, components and classification.
    2. Financial laws: capitalisation and update.
    3. Net present value (NPV), internal rate of return (IRR) and annual equivalent rate (AER).
    4. Financial income.
    5. Constitution operations.
    6. Loans.
  3. Accounting for banking.
    1. The accounting framework and current legislation regarding accounting in credit entities.
    2. Accounting models in credit entities.
    3. Consolidated statements of credit entities.
    4. Analysis of accounting statements of credit entities.
    5. Other levels of accounting information.
    6. Balanced scorecard.
    7. Application of IAS (International Accounting Standards) in businesses in the financial sector.
  4. Classic banking products.
    1. Characteristics of banking products.
      1. National trends.
      2. International trends.
    2. Fundraising.
      1. Passive products: concept, remuneration, profitability, APR, legal aspects, tax aspects, target public.
    3. Investment products.
      1. Groups of products.
      2. Guarantees.
      3. Classification and characteristics assets.
        1. Types of interest.
        2. Comissions.
        3. APR.
        4. Legal and tax aspects.
        5. Trends.
    4. Services: current financial services.
    5. The commercialisation of banking products.
  5. Insurance products.
    1. Insurance products: models and characteristics.
    2. Pension funds and pension plans: regulation and tax treatment.
    3. The commercialisation of insurance products from credit entities.
  6. Financial marketing.
    1. Office market research.
    2. Sales and communication techniques.
    3. Marketing plan.
    4. Relationship marketing.
  7. Credit risk.
    1. Risk factors involved in assets operations.
    2. External information.
    3. Internal information provided by the credit entity.
    4. Other data (visit to the company, interview, etc.).
    5. Credit scoring.
    6. Analysis of financial statements.
    7. Use of ratios to forecast the future of a company.
    8. Area analyis. Bank of Spain central balance sheet.
    9. Global report on risk assessment of assets operations.
    10. Adaptation of financial institutions to Basel II.
  8. Liquidity and market risk.
    1. Treasury Management.
    2. Compensation and liquidation.
    3. Interest type risk: definition and measure.
    4. Market risk: definition and measure.
    5. Risk control and equity demands.
    6. Asset Liability Management (ALM).
    7. Value-at-Risk (VAR) and Capital-at-Risk (CAR).
  9. Banking regulations.
    1. The European Central Bank and the central banks system.
    2. Cash coefficients and calculated liabilities.
    3. Reliability coefficients: regulation.
      1. Definition of equity of the entity.
      2. Cost of equity.
    4. Basel II.
    5. Money laundering.
  10. Bank Management Control.
    1. Control of client and product management.
    2. Profitability per client and per product.

Module II. Financial markets.

  1. Financial statistics.
    1. Statistical description: mean and variability measures.
    2. Economic statistics.
      1. Price indexes: CPI.
      2. Stock Market indexes.
    3. Analysis of the association and correlation between variables.
    4. Regression analysis: interpretation of results.
    5. Time series: trends, seasonality and cycle.
  2. Theoretical and analytical elements of capitals markets.
    1. Variance, covariance. Empiric evidence.
    2. Distribution of different values yields: long term results.
  3. Theoretical models of financial assets assessment.
    1. Price determinants of the profitablitiy of financial assets.
    2. CAPM model.
    3. Other models for evaluating assets.
  4. Evaluation of assets in practice: fundamental and technical analysis.
    1. Analysis of the economic situation.
    2. Analysis of the sector.
    3. Business analysis.
      1. Asset value.
      2. Principals of Stock Market ratios: PER, Yield, P/CF.
    4. Types of graphs.
    5. Chartist theory.
      1. Signs of changes in trends.
      2. Signs of continuation in trends.
    6. Dow theory.
    7. Elliott theory.
    8. Indicators and oscillators.
  5. Variable income market.
    1. The workings of the variable income market in Spain and in the main overseas stock markets.
      1. Different trading systems: advantages and disadvantages.
    2. The CNMV (Spanish National Commission of Market Values) and market regulation.
    3. Titles-values and stock market operations.
    4. Initial Public Offerings (IPO).
  6. Market debt.
    1. Market structure: systems of accounting entries.
    2. IRR: calculating profitability and relation to APR.
    3. Duration and profitability of an issuance.
    4. Intertemporal structure of interest rates: theories and empiric evidence.
  7. Private fixed income market.
    1. Private fixed income and public debt: difference in profitability and risk.
      1. Rating principles: characteristics of an issuance.
    2. Business promissory notes.
      1. Trading modalities.
      2. Guarantees to the investor.
    3. Bank support: risk for the investor.
    4. Securitisation.
      1. General principles.
      2. Advantages of securitisation.
      3. Different international experiences.
      4. Mortgage securitisation.
      5. Mortgage Backed Securities (MBS) and Collateralized Debt Obligations (CDO).
      6. Securitisation structure of subprimes in the United States.
    5. Credit Default Swaps (CDS)
  8. Investment strategies: collective investment techniques and dynamic management of portfolios.
    1. Characteristics of mutual funds: risk and profitability.
    2. Regulating mutual funds.
    3. Comparative analysis of mutual funds and other financial products.
    4. Investment strategies and results comparison: theory and empiric evidence.
    5. SICAVs (open-ended collective investment schemes) and SIIs (Real Estate Investment Companies).
    6. Practical application of asset management on national and international markets.
    7. Alternative management: Hedge Funds.
    8. Behaviour Finance.
  9. Exchange markets.
    1. The currency market: historic and institutional aspects.
    2. Theory.
      1. Macro-economic determinants of balance of payments.
      2. Purchasing power parity.
      3. Covered and uncovered interest rate parity.
    3. Empiric evidence.
    4. The exchange market and financing companies'foreign trade.
  10. Legal framework: MiFID (Markets in Financial Instruments Directive)

Module III. Derivatives Market and New Banking Products.

  1. Financial futures.
    1. The function of the futures market in treasury management.
    2. Futures markets: organisation, difference with forward markets.
    3. Speculative operations.
    4. Arbitration operations.
    5. The price of a contract.
    6. Coverage with financial futures.
  2. Options.
    1. Negotiable options markets: organisation.
    2. Speculative operations.
    3. Continuous arbitration operations.
    4. The price of an option contract.
      1. The Black-Scholes formula.
      2. Present formulae for determining the price of an option.
    5. Using coverage options.
    6. Characteristics of an options portfolio.
  3. OTC derivatives:
    1. FRA markets.
    2. Swap.
    3. Cap, Floor and Collar.
    4. Structured products.
  4. Liquidity risk and derivatives market management.

 

Module IV. Practical applications.

  1. Project.
  2. Excel for finance.
  3. Case studies: corporate finance.
  4. Managerial skills.

 

BSM Inside Module This module deals with three key skills that future professionals need in order to achieve success in any area, and to quickly and efficiently respond to the constant challenges that emerge in business. The subjects coincide with UPF Barcelona School of Management's key identifying features: analytical capacity, communication and social purpose.

  1. Evidence-based management: This subject brings us closer to professional decision making through prudent, clear and precise data analysis. Real life, relevant examples give students an opportunity to discover the manifold opportunities that big data can provide to different professional sectors.
  2. Storytelling : In this subject we develop the functions and mechanisms of audiovisual narrative (storytelling) and we apply them to professional communication. We tackle issues such as how to create communications that make an impact (on a personal, project and corporate level) as well as interpersonal communication and team motivation. The goal is to help professionals transmit any idea successfully, with creativity and energy.
  3. Ethics and sustainability: Professionals in all sectors have to deal with issues relating to ethics and sustainability throughout their working lives. In this subject, we focus on identifying, analysing and effectively responding to these questions.

 

Curricular Internship

The Master in Finance and Banking includes a curricular internship. This type of internships forms part of the academic course contents. The internship is considered as an additional subject that must be passed satisfactorily in order to successfully complete the course.

 

*The information contained herein may be subject to changes.

Final Degree

Once students have completed the programme they will receive the official Master's Degree Máster universitario en Banca y Finanzas awarded by the Pompeu Fabra University.

Issuance of official Master's Degrees: The issuance of officially recognised diplomas in Spain implies the payment of a certificate issuance tax. This tax is officially approved by the Catalan Government and it varies from year to year. The programme tuition fees do not include this tax, which must be paid by the student for the successful attainment of the programme's final diploma.

verified study

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