28
Aug

Nombramientos de nuestros alumni / Our alumni’s latest appointments

Written on August 28, 2014 by Finance Masters Team in News

Miguel_angel_martinez-blazquez

Miguel Ángel Martinez Blázquez, comenzará una nueva etapa profesional tras la culminación del Executive Master in Finance hace un par de días. En agosto entrará a formar parte de Ferrovial como Controller en el departamento de Financial Planning and Analysis. A lo largo de sus diez años de carrera profesional siempre había desempeñado funciones relacionadas con la auditoría/consultoría, consolidación y reporting financiero en multinacionales de prestigio. A través del máster destaca haber adquirido no sólo el refuerzo en la rama contable, financiera y de control de gestión, sino también ha tenido la oportunidad de desarrollar habilidades directivas en el trabajo diario que conlleva hacer un máster en IE.

Miguel Ángel Martinez Blázquez, will start a new stage in his career after completing the Executive Master in Finance a couple of days ago. In August, he will be joining Ferrovial as Controller in the Department of Financial Planning and Analysis. Throughout his ten years of experience he had always performed functions relating to the audit / consulting, financial consolidation and reporting in multinationals. Through the master he admits to have not only reinforced his knowledge in accounting, financial and management control branch, but also had the opportunity to develop leadership skills in the daily work involved in doing a masters at IE.

 

¡Enhorabuena Miguel Ángel! ¡Te deseamos mucho éxito en tus nuevas asignaciones!

Congratulations Miguel Ángel! We wish you success in your new position!

25
Aug

Goldman gives junior bankers 20% pay rise

 

Goldman Sachs is increasing salaries for junior bankers in the US by about 20 per cent in an increasingly frenetic war to attract and retain young graduates.

Some first-year employees will see their salaries increase to about $85,000, according to people familiar with the matter. The change does not affect bonuses, which can equal the salary. It does not affect every new recruit, and is not being rolled out internationally.

Wall Street banks, which have been trying to rein in overall remuneration costs, have come under pressure to improve salaries for their junior staff. Rivals, including Morgan Stanley, have already moved to increase base pay.

Many bankers complain that, while they may be receiving a large bonus in deferred stock, they need cash to spend on expensive Manhattan rents.

The move comes amid a broader reappraisal of pay and conditions at large banks, which are having to deal with private equity firms poaching their staff, Silicon Valley technology companies looking for talent and the death of a Bank of America intern who was working long hours.

BofA announced last month that it would hire more junior staff in an attempt to improve the work/life balance of its bankers. Several banks have attempted to limit work at weekends. Goldman has taken this approach and warned of disciplinary consequences for bankers who breach the new rules.

Last October Goldman announced the findings of a “junior banker task force” set up to improve conditions.

Its proposals included hiring more entry-level employees, called analysts, and providing additional opportunities for these analysts to spend time with their managers and clients.

“The goal is for our analysts to want to be here for a career,” said David Solomon, Goldman’s co-head of investment banking. “We want them to be challenged, but also to operate at a pace where they’re going to stay here and learn important skills that are going to stick. This is a marathon, not a sprint.”

In 2012 Goldman ended two-year contracts and bonuses for analysts at its investment banking operations. The move to give these junior bankers full-time employment contracts from the start was designed as a way to prevent them from being poached by hedge funds and private equity groups.

19
Aug

Wonderful news to share with you! IE’s Master in Finance ranks NO.1 WORLDWIDE in the rankings “TOP 25 MASTERS IN FINANCE THAT WILL GET YOU A JOB IN INVESTMENT BANKING” by E-Financial Careers. 

This ranking has been analyzed based on the % of students securing a job at top notch investment banks – Bank of America Merrill Lynch, Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan and Morgan Stanley, followed by tier two banks Barclays, Credit Suisse, UBS and finally tier three institutions BNP Paribas, HSBC, Nomura, Royal Bank of Scotland and SocGen.

Read the complete article here: http://news.efinancialcareers.com/uk-en/154088/the-top-25-masters-in-finance-for-getting-a-job-in-investment-banking/
10577183_10152361364913160_4188752663096347104_n 

4
Aug

Continuous education; FINANCIAL STATEMENT & LBO MODELING SEMINAR

Written on August 4, 2014 by Finance Masters Team in News

The IE Venture Capital & Private Equity Club will be hosting WSP’s Financial & LBO Modeling seminar at IE Business School on Saturday-Sunday, September 6-7, 2014 (both days from 9am to 6pm; cost per student: approx. €130).

This intensive 2-day weekend seminar is led by a former investment banker with applied expertise in financial statement and LBO modeling methodologies, and bridges the gap between academics and the real world.

PROGRAM AGENDA:

Day 1 – Saturday, Sep. 6: Financial Statement Modeling in Excel.

Day 2 – Sunday, Sep. 7: LBO Modeling in Excel.

Online course – Valuation & DCF Modeling in Excel.

 

Online registration http://www.wallstreetprep.com/programs/details.php?package_id=545#.U99CObFRasU

For more information please visit us on Facebook: https://www.facebook.com/groups/527863713917909/

21
Jul

pibe

Miguel Ángel Martinez Blázquez

Executive Master en Finanzas (EXMIF)

Promoción Octubre 2013

 

Estimados amigos del IE,

Queremos compartir con vosotros la felicidad de uno de nuestros alumnos del Executive Master en Finanzas de la convocatoria de Octubre de 2013.

La idea de realizar un Master en Finanzas en el IE es conseguir una formación 360 en las áreas más modernas y de mayor potencial dentro del sector a la vez que potenciamos las cualidades y habilidades de nuestros alumnos. Todo ello con el objetivo último de que consigan dar un salto cualitativo y cuantitativo en su carrera profesional lo antes posible.

Compartimos la historia de Miguel Ángel Martinez Blázquez, que lo ha conseguido a las pocas semanas de acabar el master.

Enhorabuena Miguel Ángel, son estos hitos los que nos dan fuerza para seguir luchando y mejorando día a día! Desde Finanzas en el IE te lo agradecemos y te damos gracias por contárnoslo.

“A lo largo de mis diez años de carrera profesional siempre había desempeñado funciones relacionadas con la auditoría/consultoría, consolidación y reporting financiero en multinacionales. En las grandes empresas, los profesionales tienden a encasillarse en un área o función concreta, como fue mi caso. Para aspirar a ocupar el puesto de Director Financiero en una empresa de grandes dimensiones es necesario además de dominar la rama contable, hacerlo también con la rama financiera, el control de gestión y desarrollar habilidades directivas”, asegura Miguel Ángel.

Además de suponer un salto cualitativo en mi currículum, y de ponerme en contacto con profesionales muy cualificados del sector, el Executive Master in Finance me ha proporcionado las habilidades y conocimientos necesarios para poder dar un giro en mi carrera profesional tras haber sido seleccionado, días después de acabar el programa, para ejercer el cargo de Controller en Financial Planning and Analysis en una cotizada del IBEX 35” comenta miguel Ángel.

En breve seguiremos con más historias de éxito de los financieros del futuro que pasan por nuestra casa.

Un saludo,

MIF Admissions

2
Jul

Investing in a Master in Finance

By: Profesores IE | 01 de July de 2014

Ignacio de la Torre - Academic Director of the Master in Finance, IE Business School

Key success factors of a high quality Master in Finance;

1 – SELECTION OF STUDENTS. IE requires a minimum GMAT of 610 OR CFA Level I OR CAIA for candidates to just start the admissions process.
2 - DIVERSITY, 28 + nationalities on the same class
3 – CURRICULUM. Academically you need to be updated to market trends. (microfinance to erradicate poverty, bond issuance etc)
4 -  FACULTY, 92 professors, 85% are practitioners from Investment Banking and Capital Markets

If you want to reflect, “If you believe education is expensive, try ignorance”

 

Ignacio de la Torre, director académico en IE, nos habla sobre cómo los Masters in Finance se han convertido en una importante ventaja competitiva para aquellos que quieren desarrollar su carrera profesional en el mundo de las finanzas. Además, analiza como factor clave que el cuerpo docente esté compuesto en su mayoría por profesionales en activo que conjugan su trayectoria en el mundo de las finanzas con el profesorado.

Ignacio de la Torre es Director Académico de los Masters de Finanzas del IE (http://www.ie.edu/business-school/degrees/masters-finance). Tiene diez años de experiencia en diversos campos de la banca de inversión y muy diversos campos de estudio.

Ha escrito sobre diversos temas como Ingeniería Financiera, que profundiza sobre los escándalos contables acaecidos en el periodo 1999-2004, y sus relaciones con los mercados de capitales;  Los Templarios y el Origen de la Banca (Dilema, 2004) sobre las actividades bancarias de Los Caballeros Templarios durante el siglo XIII, un paso clave en el estudio del origen de la banca; y ha publicado también un libro que trata de los orígenes del Islamismo.

2
Jul
FINANCE VIRTUAL MASTER CLASS:
OVERVIEW OF EQUITY MARKETS AND THEIR EVOLUTION
IE Business School, regarded as one of the world’s leading business schools by internationally renowned education rankings such as the Financial Times, The Economist and The Wall Street Journal, would like to invite you to the next Virtual Master Class hosted by Dan Liebau. 

This master class is part of a series that will focus on current financial topics with the aim of giving prospective candidates who cannot visit our Madrid campus the opportunity to experience a finance class at IE. 

AGENDA
REGISTER
Finance Virtual Master Class 
Wednesday, July 9, 12:00pm *Local Madrid time
*Click here to find your local time
Dan Liebau
Entrepreneur, Former Head of GB&MIT / COO HSBC Securities (Singapore)
ABOUT THE EVENT During the past 15 years, global equity markets went through a complete transformation. The open outcry market places were replaced by electronic platforms that are now able to process millions of orders and traders in microseconds. This Virtual Master Class will give an overview of the current equity market structure and will cover some of the more recent challenges such as high frequency trading, dark pools and a critical discussion of the value to the investor. 

ABOUT THE SPEAKER

Dan is currently in the process of setting up his own business in Hong Kong catering to the innovation needs of both investors and financial services institutions. Until very recently, he was the Head of IT at HSBC’s Investment Bank in Singapore and Japan. He was also the COO for HSBC Securities (Singapore) Pte Limited – the entity to provide access to the Singapore Stock Market (SGX) for the Global Equities Business. His work experience spans over close to 15 years in Investment Banking Technology working for companies like UBS in Germany and the UK, Barclays Capital in Singapore and Tokyo as well as Close Brothers in his hometown Frankfurt. In many cases he was the link between technology and the various business departments. In 2013 he graduated from the Master of Science in Innovation program at SMU in Singapore, his residence since 2009.

We look forward to welcoming you to this event. Please contact MIF.admissions@ie.edu for further information or visit our Masters in Finance Programs webpage.

Warm regards,

Masters in Finance Admissions Team
IE Business School
FOLLOW US ON twitter facebook linkedin pinteres youtube
IE Business School  |   Madrid  |  Spain

 

25
Jun

IE presentó sus simuladores en el Banco Central Europeo

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

El martes pasado, la unidad Multimedia de IE – en su representación acudió Mathew Constantine – fue invitada por el Banco Central Europeo a su sede central en Frankfurt. El BCE tenía mucho interés en conocer las experiencias del equipo en desarrollos multimedia, y particularmente en demonstraciones de sus simuladores en red para incorporar este tipo de herramientas en su visitors center. El día finalizó con una veintena de empleados jugando el juego de política económica, 10 Downing Street. ENHORABUENA!

25
Jun

Dilin Lim, alumnus of the Master in Advanced Finance 2009, wrote this blog post as part of her interview for IE’s Women of the Month section of their Facebook Page where she was featured in May.

Entrepreneur and MIAF alumni, Dilin Lim, May’s Women of The Month, shares her story

I will like to share with you my journey from choosing a great business school to finally setting up my small business. I am the founder of Language Passion, a company providing settlement in Spain services, study abroad student packaged services for highly skilled individuals and their families to study, work, and live in Spain. My area of expertise includes banking, investments, and financial advising, and legal paper work matters. I had received a scholarship to study the Master in Advanced Finance at IE. In my spare time, I enjoy reading, cooking, hiking, volunteering at retirement homes and have helped at microfinance ventures in Philippines and Africa. I am also the director of Grameen Foundation Singapore, a not-for-profit organisation dedicated to alleviating poverty in Philippines.

Years back in Singapore, I found that IE provides a well-rounded, innovative Master in Advance Finance course of a year and most importantly IE places importance on social entrepreneurship such as social impact and social ventures. In 2008, microfinance was seen as relatively new and innovative in Finance Masters programs and was not included in the Finance program of many business schools. But IE had it already included in the MIAF program!

I always had 2 dreams, one is to bring more easily accessible microfinance funding to Africa and the other is to setup my own business.

After I graduated from IE’s Masters in Advanced Finance, I worked for 3 years in Private Banking.  That allowed me to accumulate experience and knowledge in bank account opening, and financial advising that I will need for my current business. I also had a 300% salary jump after I graduated which is helping me to achieve my goals.

Me as an entrepreneur

I just feel very excited, purposeful and really enjoy working on Language Passion. I have been facing many challenges as an entrepreneur, I had to learn to cope with uncertainty and be tough skin. Uncertainty is inherent in businesses and I have learnt to ride through the gloomy periods of my business. I learnt to be open to negative feedback, and I discovered that criticisms are actually inverted compliments. People criticize it because it’s worth doing it. And the best thing that happened for me is that I get to help many people that were like me previously, struggling before I arrived as a student and after my graduation regarding my residence. I already helped numerous families from Asia for instance from Beijing, settle in Spain. I have also helped numerous IE fellows solve their rental issues.

Inspiration

Like many successful entrepreneurs, my role model is Steve Jobs, founder of Apple, especially for his inspirational quote: “You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future”. If there is something that I learnt and would like to share with my fellow alumni that are looking to be an entrepreneur, I must say it’s the value of perseverance. I always remind myself of this story, when hiccups surface: “What does mum says to the baby when he falls down while learning to walk? Does mum say, don’t walk anymore? What?! Are you crazy mum! The baby tries until, they learn how to walk! Magic formula!

As for my future plans, I am currently working on helping students move to Spain and expats get their second residence in Spain quickly and smoothly.

11
Jun

- Blog post written by Jacob List (Australia), IE MIF alumnus 2013.

jacobjacob 2

Jake began his startup project “LevBet” (levbet.net) in the IE Venture Labs program while studying the MIF in 2012/13. He has continued to develop his venture ever since and is currently participating in the Wayra startup accelerator in London. LevBet is a trader’s sports betting platform. The company offers a derivatives market for sports bets, allowing clients to seriously leverage their returns by trading bets on margin.

Seriously, what is the difference between betting on sports and betting on companies? Both usually boil down to looking at a screen and hoping furiously that the relevant price or odds worm starts trending in the direction you chose. The subject matter may be different, but many fundamentals underlying both markets are identical.    

What infuriates me is that betting is stuck in the dark ages (as you can see from the charts). If you are familiar with the industry you might recall a relatively recent evolutionary concept known as the “betting exchange” (sorry, it is still temporarily illegal in Spain while the government works out how to tax it). As a formalised concept the exchange is well over a century old in finance. Just imagine the evolution built over that with an extra century of development, and you get an idea for the gap between these markets.

Why is it like this? Essentially, your current bookie can make more money from you more easily if the status quo remains. The idea with LevBet was to change this. We let you bet with derivative financial products (futures, options, swaps…), take positions on margin, and use a platform designed as an investment tool so that we magnify enormously your ability to take advantage of money making opportunities. It looks something like this.

1 2 3 23