3
Apr

IE Finance Team is very pleased to announce that we have the great pleasure of welcoming Mr. Robert E. Rubin, Co-Chairman of the Council on Foreign Relations and Former Secretary of the US Treasury to IE Madrid Campus next week, who will be giving a finance conference for IE Masters in Finance students, alumni and prospective candidates.

This Titans of Finance Conference will be held next Friday April 11th  in the Aula Magna (Maria de Molina 7)  from 12.45-13.25. In order to participate, you will need to reserve a place as soon as posible, since the demand is huge and there is limited availability. You can write to: mif.admissions@ie.edu  for reservation and for any inquiries.

We give you the chance to join via streaming. Send us an email to mif.admissions@ie.edu and we will be very pleased to give you the log in details.

Biography of Robert E. Rubin

Co-Chairman of the Council on Foreign Relations
Former Secretary of the U.S. Treasury

  • Robert E. Rubin began his career at Goldman Sachs & Co. in 1966. He served as vice chairman and co-chief operating officer from 1987 to 1990, and as co-senior partner and co-chairman from 1990 to 1992.
  • Before joining Goldman Sachs, he was an attorney at the firm of Cleary, Gottlieb, Steen & Hamilton from 1964 to 1966.
  • Secretary Rubin joined the Clinton administration in 1993, serving in the White House as assistant to the president for economic policy, and as the first director of the National Economic Council.
  • He served as the seventieth secretary of the treasury from 1995 to 1999.
  • From 1999 to 2009, Mr. Rubin served as a member of the board of directors at Citigroup and as a senior adviser to the company.
  • He is chairman of the board of the Local Initiatives Support Corporation, the United States’ leading community-development support organization.
  • He serves on the board of trustees of Mount Sinai Medical Center and is a member of the Harvard Corporation.
  • In 2006, Mr. Rubin was one of the founders of the Hamilton Project, an economic policy project housed at the Brookings Institution that offers a strategic vision and innovative policy proposals on how to create a growing economy that benefits more Americans.
  • In 2010, Mr. Rubin joined Centerview Partners as a counselor of the firm.
  • He is author of In an Uncertain World: Tough Choices from Wall Street to Washington, a New York Times best seller and one of Business Week‘s ten best business books of the year.
  • He is based in New York City.

 

 

1
Apr

Hello friends,

IE Business School would like to invite you to our next Virtual Master Class. This session gives you the opportunity to experience a finance class with the Director of Curriculum of the CAIA Association, taking place next May 7th 16:00h (Madrid Local time)

REGISTER HERE

IE Business School is the first Spanish Business School to have been selected as an Academic Partner of CAIA Association. This academic partnership constitutes a major step in their efforts to promote the common core mission of contributing to the education of investment professionals in the area of alternative investments.

As part of this agreement, CAIA will offer a limited number of academic scholarships for IE professors or students who would like to undertake the CAIA exam. As you know, CAIA is one of the Accreditations we accept in order to be admitted to IE, and it provides one of the most important global marks on alternative investments.

On the other hand, all members of the CAIA Association will have access to IE scholarships. The programs of study and scholarship opportunities are as follows:
- 3 CAIA outstanding professional profiles that are granted admission to the Master in Advanced Finance will be selected for a 30% scholarship.
- 2 CAIA outstanding senior profesional/executive profiles that are granted admission to the blended Global Master in Finance program will be selected for a 30% scholarship.

ABOUT THE EVENT: Commodities: Boom or Bust? The Case for a Strategic Allocation
Institutional investment in commodity futures programs has increased substantially in recent years. The attraction to commodities rests on the potential to hedge against inflation, as well as the low correlation to stock and bond markets. There is concern, however, that increasing asset flows has led commodities to become more of a financial asset, which has increased the correlation of commodity returns to those of financial markets. Ultimately, commodity prices are set by supply and demand, which differs over the course of the business cycle.

ABOUT THE SPEAKER:
Keith Black has over twenty years of financial market experience, serving approximately half of that time as an academic and half as a trader and consultant to institutional investors. He currently serves as Director of Curriculum for the CAIA Association. During his most recent role at Ennis Knupp + Associates, Keith advised foundations, endowments and pension funds on their asset allocation and manager selection strategies in hedge funds, commodities and managed futures.
He is the author of the book “Managing a Hedge Fund,” as well as the co-author of the 2012 second editions of the CAIA Level I and Level II textbooks. Dr. Black was named to Institutional Investor magazine’s list of “Rising Stars of Hedge Funds” in 2010.
Dr. Black earned a BA from Whittier College, an MBA from Carnegie Mellon University, and a PhD from The Illinois Institute of Technology. He has earned the Chartered Financial Analyst (CFA) designation and was a member of the inaugural class of the Chartered Alternative Investment Analyst (CAIA) candidates.

Hope to see you in the session.

 

25
Mar

Winning Spain´s CFA Oscars: 2014

Written on March 25, 2014 by Finance Masters Team in News

Continuing from previous years’ achievements, MiF students, representing IE Business School, became champion in the Iberian Regional Final of the prestigious CFA Investment Research Challenge 2014. As part of the competition, students must work in teams to research and analyze a publicly traded stock (ENCE).

Recently we caught up with the winning team, consisting of 5 nationalities across 3 continents. Here’s what they had to say about the competition so far:

Coming from Heidelberg, Germany, Fabian Dienemann has thoroughly enjoyed the experience thus far. He revealed how interesting it was to read/ understand two different industries, i.e. pulp & renewable energy for the competition. Not to mention, the recent regulatory changes that posed big challenges for DCF assumptions and industry outlooks. With his prior internship at Commerzbank AG in Frankfurt, Fabian felt the competition gave a glimpse into a real-life equity analyst’s work. For the EMEA finals, Fabian believes it’s more about convincing the judges with an amazing presentation rather than focusing on technical details. In his own words, “Honestly, I just wanna have fun in Milan ;)

Next we have Viktor Stoichkov from the charming city of Sofia, Bulgaria. Having studied in Amsterdam for his bachelors before coming to Madrid, Viktor is “a reputable gentlemen with an Amsterdam touch” as described by his fellow team members. For Viktor, the most intriguing part was working with the rest of the team and sharing the entire experience so far. Viktor believes the team overall learned a lot about valuation techniques apart from improving the communication skills. The competition will be tough but he is sure that the team is well-prepared and can perform great.

Akshay Dalmia, the only Asian in the winning team, has spent most of his life in Dubai, UAE. The actual process of working with the team in unravelling, step by step, the process of valuing a company which was undergoing a turbulent time in its business cycle was fantastic. During the process, as Akshay articulated fluently, he had been able to refine his ability to work in a team and effectively present the findings to a panel. In addition, he felt that the team has worked hard in knowing as much of ENCE (the company) as possible. Akshay remains confident in the ability of the team to deliver quality work for the next round, regardless the final outcome.

Jumping to the other side of the World, we have Dan Mirolli, originally from The Lake City – Acworth, Georgia, United States. With his passion for travelling that has taken him from Shanghai to Paris, Daniel told us about his experience in the competition – differentiating the team from the competition. Thinking on a macroeconomic level from the viewpoint of the Company, the analyst, and the investor has been, in Daniel’s opinion, the most creative and rewarding experience. He feels his teamwork skills has improved as a result of limited preparation time – and it definitely helped the team “eat/sleep/breath the competition”. Dan insists on being cautiously optimistic about the EMEA finals, as to have reached this far has been a blessing in and of itself.

Any guess where our next interviewee is from? :) With an analytical mindset, Yehor Serdiuk represents the very best of modern Ukraine. For Yehor, ENCE provided fascinating challenges – in the time when the market anticipated results, the team had the chance to do analysis, take an opinion and see the differences from the market consensus. He mentioned how crucial it was to efficiently organize teamwork since the research work was quite extensive. It also was the first time he built a full-fledged financial model from scratch. “That was anything but easy”, Yehor remarked smilingly. For the Finals, Yehor is focusing on enhancing their presentation skills for the juries.

All in all, it was obvious during the interview that the team is thrilled about reaching the finals. We offer the best wishes for the EMEA finals in Milan! : )

cfa041 CFA Oscars la foto cfa005

 

18
Mar

...this achievement further consolidates the No. 1 position worldwide attained by IE in the QS Distance Online MBA Ranking 2014 published a few weeks ago by QS Intelligence Unit.

We live in a digital and globalized world. Although the education sector has taken longer than other sectors to adapt to change and technological innovation, in recent years technology has revolutionized management education, making it more accessible and flexible. The result is that hundreds of thousands of professionals from every continent are now able to undertake top-level management programs, combining study with work without having to leave their countries of origin. FT’s decision to launch a ranking of online MBA programs is further confirmation that the business education sector has entered a new phase.

According to the findings of the latest World Conference on E-Learning, online education will have a worldwide turnover of $130 billion in 2015. Moreover, the Sloan Consortium’s 2013 Report on Online Learning states that over 7 million people in the US, almost a third of the country’s students, are doing postgraduate programs that include an online component.

The criteria on which the Financial Times ranking is based includes student profiles, career progression, idea generation, program diversity, and quality of faculty. The IE Business School program which formed part of the survey was its Global MBA Blended program, a part-time MBA with students from over 50 countries with an average of 6 years’ experience in management. The Global MBA Blended combines face-to-face and online formats, and features onsite sessions, videoconferences, and discussion forums. The program takes place in a globalized and digital environment, equipping students with the knowledge and skill-sets they need to excel in multidisciplinary teams working on a remote basis.

“We were pioneers back in 2001 when we launched our online learning unit,” says Ignacio Gafo, Vice Dean of Blended Programs at IE Business School. “Since then we have taught over 2,000 directors from 90 countries, designed and implemented 15 master programs, produced 300 multimedia cases, and even launched our first MOOCs in collaboration with Coursera. The result of the Financial Times ranking evidences the quality of our blended learning model and the efforts made by our entire team.”

IE Business School’s portfolio of blended programs includes the IE/SMU MBA, the Executive MBA and Global MBA programs, available in both onsite or blended format, and in English or Spanish. IE Business School also runs the IE/Brown Executive MBA jointly with Brown University, an Ivy League university based in Providence (US). The portfolio is rounded off with the Global Executive MBA which combines face-to-face periods in Spain, Singapore, United States, and Brazil, with online modules.

10
Mar

IE Business School is very happy  to inform you that five Master in Finance 2013 students: Akshay Dalmia (India), Fabian Dienemann (Germany), Daniel Mirolli (United States), Yehor Serdiuk (Ukraine) and Viktor Stoichkov (Bulgaria) were awarded the first prize in the local final of the 9th Edition of the prestigious CFA Investment Research Challenge, that took place yesterday at Bolsa de Madrid, beating other 15 competing schools.

This is the fourth time our students win this competition since we joined it six editions ago. The team was tutored by Professor Sandrine Naslin, IE profesor of Corporate Finance. With this prize, IE has become the most awarded school in the competition, with four winners, one second and one third position. It is our belief that this unquestionable leadership in this equity research competition is driven by the excellence and effort of our finance students and the outstanding supervision of Professor Naslin, as well as the quality and practical approach of our program.

Next April, our champions will go to the European Finals, taking place in Milano. We wish you the best of luck! Winners of this regional final will attend to the World Finals in Singapore.

Congratulations again! We are very proud of our team.

cfa002 cfa005  cfa030 cfa041 cfa042 cfa046

6
Mar

IE MASTERS Cup Tournament – MiM/MiF, February, 2014

Written on March 6, 2014 by Finance Masters Team in News

 Our student Shuvro from the Master in Finance intake September 2013 shares his experience at IE Masters Cup Tournament!

Through competitive challenges that foster community engagement, school spirit and collaboration, the IE MASTERS Cup perfectly embodies two main pillars that IE Business School has embraced: entrepreneurship and teamwork. The core idea of MASTERS Cup is that groups comprised of students from MiF and MiM programs compete against each other to win points through successful participation in different team-building & fun-loving activities.

From my first-hand experiences as a MiF student, I can say that these events provide additional opportunities to network both within and across Masters Programs and involve various types of competition ranging from sport tournaments to talent competitions. In addition, I think the different formats allows members of the entire Master program the opportunity to showcase various skills and talents that they may not be able to display in the classroom, such as athleticism and artistic creativity.

The second edition of IE MASTERS Cup for 2013/14 intake took place on February 28, 2014, in Navalcarnero Area, approx. 1 hour away from Madrid city center. With more than 150 students gathering near IE Campus in Calle María de Molina, the organizing team had to coordinate different team activities between MiM/MiF students. The whole-day event then started with the bus journey towards Navalcarnero at 10 AM in the morning.

The first activity for the day was a Carnival-theme Group Dancing Session with professional instructors at El Labrador Hotel. Different groups had different type songs to perform, and this colorful activity kick-started the day in a grand fashion! As a modest performer myself, the flamboyant costumes – wigs, hats, moustaches – all made the performance a delight to watch. In the end, it was a celebration of diversity of IE through examples of creativity & collaboration.

20140228_125835           20140228_123604

After finishing the morning session, the students had lunch together with everyone in the Banquet Hall of the Hotel. This gave us a chance to take a break from the frantic dance routines and enjoy interacting with students from other Master’s program. Later on at 3 PM, we headed towards the final activity of the day – Paintball Competition!

30 mins away from El Labrador Hotel, we arrived at SprayCity Paintball in Navalcarnero – one of the most real-life paintball centers in Madrid. This activity simulated an open battleground scenario with students gearing up with Paintball Guns, Protective Helmets, Gloves and Paint Bullets! The paintball center instructors separated the groups to participate in different themed shooting scenarios- defending your fort base, attacking a drug curtail mafia etc. My team won 2 battles, and in the end I had paint all over my jackets :) After 2 hours of intense bloody (?!) battle, we started our journey back to IE at around 5.30 PM.

Throughout the day, as we spent time together, I felt this was the essence of IE MASTERS Cup competition – students gathering / sharing / enjoying / collaborating with each other to bring out the best within themselves.

 

26
Feb

IE Titans of Finance Conference, February, 2014

Written on February 26, 2014 by Finance Masters Team in News

Written by Shuvro Mainuddin, current student MIF 2014.

 The latest IE Titans of Finance Conference – the first in 2014 – took place at María de Molina, 2, on February 25th, offering IE students great opportunities to network with influential finance professionals from all over the world.

Speaking as the Chief Guest of the latest conference was Mr. Tajinder Singh, Deputy Secretary General, International Organization of Securities Commissions (OICU–IOSCO). As the Deputy Secretary General, his duties include providing strategic advice; implementing aspects of IOSCO’s Strategic Direction; managing relations with IOSCO’s membership and being responsible for the administrative functioning of the Secretariat.

IOSCO, in Mr. Singh’s words, is the global standard setting body for securities markets regulation, maintaining supervisory and enforcement powers of regulators, implementing monitoring through peer review, and establishing sound financial standards overall. The institute consists of 120 regulators worldwide as members, such as US Securities & Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA) in UK, European Securities and Markets Authority (ESMA) in EU. Interestingly, the body also includes Asian regulators from Hong Kong, Singapore, Japan as well – together these members control 95% of the world’s entire capital markets – market capitalization of over $127 trillion!

In addition, Mr. Singh also mentioned how IOSCO helps the emerging markets regulators in capacity building – nurturing these nascent markets with forward looking guidances so they can manage new, emerging risks. Its three main pillars are: 1) Investor protection 2) Fair, efficient, transparent capital markets and 3) Reduction of systemic risk. Guided by these pillars, IOSCO comes up with Principles & recommendation that members must follow

For me, the highlight of the conference was when Mr. Singh described the probable causes of financial crisis and its implications in regulating the capital markets. Factors such as unproductive loan generation, poor performance of Credit Rating agencies, inadequate risk management, and opaque OTC derivatives market – were the main drivers behind 2007/08 crisis according to Mr. Singh.

From IOSCO’s perspective, potential solutions to avert such crisis in future was the following: increased capital requirements, liquidity requirement, improved mortgage underwriting standards and post crisis de-leveraging worldwide. This highly informative session ended with interactive Q&A session with the audience.

26
Feb

Online session Career opportunities with IE Masters in Finance – Feb 26, 2014

Written on February 26, 2014 by Finance Masters Team in News

Would you like to know about how a Master in Finance at IE Business School will help enhancing your career opportunities in the finance industry and about the possible professional exits within the finance sector? In the session today our expert, Carlos Diez, will speak about the different roles and functions within the industry, about levels of career progression , and will also highlight the main points of the job hunting process, assess you on the top skills finance recruiters look for and most importantly, we will let you know about the requirements of this demanding industry.

carlos diez

OUR SPEAKER: Carlos Diez, Senior Associate Director of Careers Management Center, has developed his career in the area of Executive Search in Spain and the UK. In London, he worked for the leader of executive search firms, executing projects for EMEA. He has advised top companies on how to attract and retain talent, with a specialization in Banking and Finance. Carlos holds both an Executive Master in Human Resources and Executive MBA from IE Business School, as well as an undergraduate degree in Journalism from the Universidad Complutense de Madrid.

Don´t miss it, join us today, at 16.00hrs Madrid local time. You can REGISTER HERE.

5
Feb

Foto_2An article by current Executive MIF student Francisco Javier Rodriguez Dachille, who just got back from the New York trip with some other selected members of the masters in finance programs at IE.

In our turbulent world, there are plenty of ways to get updated about financial markets and any kind of complex instrument, a lot of sources coming from newspapers, online networks or even specialized and technical providers, however, after our experience in New York last December, I am totally convinced that doing it through people who work directly in the industry could give you that sensibility to deeply understand how decisions and future events are being processed.

 ”Your client is busier than you, keep focused on his main necessities” or “competitors could be really useful for getting information about your market”, are some of the feedback received from more than eight international companies during our trip. We were involved in a continuous brain storming in every single meeting we had, that is why the contact with high and well prepared professionals is key to develop the skill of “thinking globally but achieve locally”.

Foto NYSE

 Winter or summer, NY always offers something new to learn and this time the way I enjoyed it was completely different. It was a great experience discovered the openness and availability showed by all our speakers; not only in terms of receiving you in their offices for a meeting but also in terms of telling you some of their main professional and personal drivers.

 Two full days in New York, Manhattan, crossing the whole city to go from a meeting to another has been enough time to realize how important is developing a global professional network, which will allow you to share ideas, opportunities and business partnerships in the future…or as many, in the present.

 From the 22nd floor in Citibank’s offices or next to the Rockefeller Center in UBS Bank, passing through Bloomberg`s open spaces between amazing tanks and having the opportunity to visit the building of the NY Stock Exchange, the experience, as a whole, has been positively enriching. You could make the difference if you really propose it: that is the message.

 One of the advantages of IE Business School is the multicultural environment you are involved in, so take advantage of it and live a real high added value experience abroad as I did in NY. Do not forget to be as curious as you can because this will be the added value of an experience like this.

27
Jan

Meet Dan Liebau a current Global Master in Finance student (GMIF)

Written on January 27, 2014 by Finance Masters Team in News

Q: Hi Dan, welcome to the Global Master in Finance program! Can you tell us briefly about yourself?

Thank you Viet Ha.
When I do not study I work for a large global financial services firm;  I am the IT Head for HSBC’s Investment Bank in Singapore and Japan. I am also the COO for HSBC Securities (Singapore) Pte Limited – the entity licensed to provide access to the Singapore’s stock market (SGX) for the Global Equities Business.
My work experience spans over more than 14 years in Investment Banking Technology working for Companies such as UBS in Germany and the UK, Barclays Capital in Singapore and Tokyo as well as Close Brothers in my hometown Frankfurt. For most of the time he was the “glue” between Technology and the various business departments.
Last year I graduated from the Master of Science in Innovation program at SMU in Singapore, my hometown since 2009.

Q: Can you tell us why you chose IE´s Global Master in Finance over the different top Finance programs in Asia where you are based right now. What is it about the GMIF that appealed to you?

 There are a number of reasons why the GMIF was the right program for me:
- Currently I need to be location independent as my work currently involves  a lot of traveling. I spend a week per month in Singapore, 3 weeks in Japan and I do go and see people in our regional headquarters in Hong Kong
- IE is known to be a very practical school with hands on faculty. While I understand academic theory has a lot of value I also wanted to “learn to do immediately”
- The GMIF program is different from other MSc in Finance programs because most of us have a number of years of work experience. I do learn from Professors and classmates alike
- IE business school has an excellent reputation globally

Q: Now that you are in the program for 3 months, could you tell us about your learning experience, your classmates?

The flexibility that I needed is definitely there, great. The initial two weeks in Madrid were demanding but a fantastic opportunity to bond with my classmates. The amount of readings is enormous and one should not underestimate the effort required. At the same time I feel like I learn a lot and can connect the dots across multiple parts of the industry much better… something I did not manage to do until now even though I have been in this industry for almost 15 years now.

Q: Which values do you think that IE’s GMIF is going to add to your personal growth and professional development?

The GMIF program is designed to make you a finance generalist, understand products, services, markets and different industries. It is not a specialist degree (like the one’s in Quant Finance other schools offer). I feel people that will come out of the program probably understand risks much better as they have gained insight into many disciplines. After the GMIF I hope I can continue to grow in my firm and take on more responsibility. At the same time it probably equips me with the knowledge to start up my own business if I wanted to.

Thank you very much Dan for the interview and we wish you all the best luck!

Students from the GMIF enjoying a netwroking dinner in Madrid!

 Foto GMIF class Nov 2013

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