Master in Finance by Faculdade de Economia Universidade do Porto

ACADEMIC YEAR

2015/16

MASTER IN

FINANCE

WELCOME TO FEP As the Dean of the School of Economics and Management, University of Porto, I am delighted to recommend the Master in Finance. I congratulate you for deciding to apply for a place on the FEP, UPorto advanced education Programme. You are about to embark on a new cycle of study that is characterised by a series of major challenges and demands, at a School that is well-known for its rigour and scientific quality. During the next two years, you will have the opportunity to be a member of a a carefully selected and well-grounded group of students. You will also be able to rely on the support of the various FEP services, which include the Career Services and the Skills Academy, in order to achieve your desired academic and professional success. FEP’s close relations with the business world will enable you to join the employment market swiftly and to forge a successful professional career, as so many other FEP graduates have done, both in Portugal and abroad. This School places a particular emphasis on extracurricular activities and you will have the complement your personal skills. You can also decide to opt for an international experience and share the experiences of the more than 300 foreign students, who have chosen to continue their studies at FEP. FEP’s employability indicators are proof of the quality of the education we provide. 89% of the master students are placed in the labour market until 3 months after completion of the programme. FEP’s prestige is created by all members of the FEP team. So, if you join us at FEP, we will be very proud to receive you contribution too. Welcome to FEP! João F. Proença Dean and Chairman of the Scientific Council of the School of Economics and Management, University of Porto

ABOUT FEP PRESTIGE R FEP is part of one of the best portuguese University, according to international rankings

R obtained at the best universities throughout the world)

R Access to higher education, in the areas of economics and management: FEP is among the top portuguese schools of management and economics in terms of the average marks required on entry

ALUMNI R Placed in the best companies and institutions of the country and abroad, in various business sectors: banking, industry, retail, distribution, health, audit and consulting firms and also in portuguese governments and european institutions

INTERNATIONALIZATION R Programmes taught in Portuguese and in English; 4 masters and

RESEARCH R 1 research centre rated as Excelent by FCT (the main Portuguese Science Foundation): LIAAD

R 1 research centre rated as Very Good by FCT: CEF.UP

2 PhDs lectured in English

R Mobility programmes with 89 universities in 30 countries R 330 students from 59 countries of 4 continents R International seminars with renowned speakers R Dual Diplomas and International QTEM Certificate

R 1 research Unit in public finances and monetary policy: NIFIP

R 1 Economy and Fraud Management Observatory: OBEGEF

R A Studies and Surveys Unit: ESFEP

EMPLOYABILITY R 89% of the master students are placed in the labour market until 3 months after completion of the programme

CORPORATE PARTNERS R FEP Job Board has more than 2300 companies in permanent contact for recruitment purposes: www.fep.up.pt/bolsadeemprego

PAULO PEREIRA MiF DIRECTOR The Master in Finance is a two years full-time programme totally taught in English, designed under the rules of the Bologna Protocol. The programme Finance and Financial Markets, which is suitable for those intending to pursue their scientific and technical education in the area of Finance. The programme has a flexible structure, both in terms of curriculum and duration, and gives students the flexibility to adapt the electives to their personal interests and career prospects. The Master programme concludes with the preparation of a dissertation, project work, or professional traineeship, all of which under the scientific supervision of a faculty member. cycle tuition, the quality of which is ensured by the school faculty, and relevant experience in management and consultancy activities. It is based on up-to-date learning methods, including the presentation of concepts and theoretical models, and an extensive use of case studies. Candidates must be available for a demanding full-time programme, with classes running during the day and extensive extra class work. The second year of the programme can be compatible with a professional activity.

SCIENTIFIC BOARD

MASTER IN

FINANCE

Paulo Pereira, PhD (President) Claúdia Ribeiro, PhD Júlio Lobão, PhD Miguel Sousa, PhD

Business School); Rui Vieira (Partner, Ernst & Young); Pedro Sismeiro (CFO, Cordex), Luiz Paiva de Sousa (Pictet), Paulo Gaspar (Deloitte), João Amaro (Inter-Risco), Vítor Duarte (Sonae Sierra), Hugo Marques (Deloitte), Pedro Costa (Morgan Stanley).

OBJECTIVES The Master in Finance is a full-time programme that aims to train specialists in Financial Markets and Corporate Finance, providing the analytical and technical skills needed to carry out professional activities in the area of Finance, which is becoming increasingly demanding. The programme will provide an adequate balance between theory and practice and expose students to new and complex realworld financial problems, promoting resolution and decision-making based on the fundamentals, models and latest techniques in Finance.

INTERNATIONAL STUDENTS 24,2% INTERNATIONAL STUDENTS AZERBAIJAN

BA TO

STATE

RA UK

VIETNAM

BI A

O LO M

SL IC O 3% 3% 3% VA BL 3% PU 3% KI E PR 3% R A ÍN 3% 3% CI CH PE ZE 3% 3% C RU D 3% 3% SSI LAN A FIN 3% 3% POLA ND

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INE

The candidates should have a degree in Management, Economics or in a related field and be fluent in English. The programme is suitable for those wishing to acquire the skills necessary to develop a career in Finance. It also suits those who require adequate scientific training in order to pursue graduate studies. Professional experience is not a prerequisite. The candidates should be available for a full-time programme.

LEBANON KHST KAZA

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FRANCE

11%

5% 3%

3% 8% 3% 8%

GEO RG IA

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AN Y

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INDIA

ITA LY

19%

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MIF SEMINARS INVITED SPEAKERS (LAST EDITIONS) Jorge Alexandre Ferreira (CEO, BA Vidro, SA); Jorge Sousa Teixeira (Exec. Director,BPI Gestão de Activos); Afonso Barros (Managing Partner, Inter Risco); José Redondo (CFO, BIAL); Henrique Cruz (Former Vice-President, IGFCSS); Alexandre Mota (Executive Director, Golden Broker); José Basílio Simões (President and CEO, ISA - Intelligent Sensing Anywhere, S.A); Gonçalo Faria (CFA, Invited Professor at Queen Mary, University of London); Eduardo Carqueja (Founder & CEO, AppGeneration); Maria Correia (London

ED UNIT

A ID IN

TARGET GROUP

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BANG LADE SH BEL AR US BE LG IU M

RANKINGS The Master in Finance is in the 35th place in the Eduniversal Best Masters Ranking 2014-2015 of the best programmes of Corporate Finance in Western Europe.

www.best-masters.com

“As a current student of the Master in Finance at FEP, I found the programme quite challenging and intensive but still refreshingly innovative and rewarding. Coming from a small country in the Caribbean, I knew that if I wanted to get further in my career I would have to further my studies internationally. FEP was my first choice because it is one of the top schools in Portugal and also because my ancestors hailed from Portugal. To this day the degree at FEP has not disappointed but has greatly exceeded my expectations. The hospitality of the people, the professionalism was one of the best I have ever made.”

Phil Rose

Antigua e Barbuda

PROGRAMME OPEN TO MSC EXCHANGE STUDENTS COURSES / PROFESSORS

1st TERM

REGIME

DURATION

ECTS

Theoretical Foundations of Finance / Paulo Pereira; Miguel Augusto Sousa

Compulsory

7,5

Markets and Financial Investments / Júlio Lobão

Compulsory

7,5

Corporate Finance / Miguel Augusto Sousa

Compulsory

7,5

Econometric Methods for Finance / Natércia Silva Fortuna; Francisco Vitorino Martins

Compulsory

International Finance / Júlio Lobão

Compulsory

3,5

Evaluation, Acquisition and Corporate Control / Miguel Augusto Sousa

Compulsory

7,5

Derivatives and Risk Management / Cláudia Ribeiro

Compulsory

7,5

Elective

4/each

Elective

3,5/each

Seminars

Compulsory

7,5

Plan for Dissertation / Work Project / Internship

Compulsory

7,5

Dissertation / Work Project / Internship

Compulsory

Electives in a total of 15 ECTS (1): 2nd TERM

Financial Institutions Real Options / Paulo Pereira

Possibility to attend the semester at a partner school (QTEM or Erasmus)

Portfolio Management / Cláudia Ribeiro Fixed Income Securities / Cláudia Ribeiro Public Finance / Abel Fernandes Financial Operations / Miguel Sousa; Paulo Pereira Corporate Governance / Júlio Martins Behavioural Finance / Júlio Lobão Applied Investment Strategies / Ricardo Valente

3tr TERM 4th TERM

Faculty may change

DEGREE PROFILE OF STUDENTS OF MASTER IN FINANCE Students enrolled/admitted in 2014/2015

GENDER

Male 27%

Female 73%

AGE CLASS

≤ 25

26-30

93%

ACADEMIC BACKGROUND

Economics

Management 45%

53%

Social Sciences

The master’s programme comprises: A) An organized set of subjects that account for 75 ECTS credits. This part of the programme leads to the grant of a master’s programme diploma in Finance, but not an academic degree. B) A dissertation, or an original work written specifically for the master’s programme, or a professional traineeship (in Portugal or abroad) combined with a final report, which accounts for 45 of the total 120 ECTS credits ranted by the programme. The public oral presentation of the dissertation or report in viva voce can lead to the award of a Master’s degree in Finance.

CFA Master’s in Finance has been accepted into the CFA Institute University Recognition Programme. This status granted to institutions whose degree programme(s) incorporate at least 70% of the CFA Programme Candidate Body of Knowledge (CBOK), wich provide students witg a solid grounding in the CBOK and positions them well to sit for the CFA exams.

SCHOLARSHIPS Master in Finance is entitled to award three CFA Programme Awareness Scholarships to students each fiscal year, as detailed

Source: WEBGA and Sigarra

“The Master in Finance of the University of Porto School of Economics and Management allowed me to develop solid foundations for a future career in the financial sector. The programme provided me not only the required technical knowledge, but also a wide range of opportunities to apply it, such as the FEP Finance Club. Through the latter, I was also able to improve my soft skills, as well as to network with professionals, spread through the most relevant financial institutions in the World.”

David Novo

MiF Graduate

MASTERS PROGRAMMES PRE EXPERIENCE MASTERS

ECONOMICS (track in english and track in portuguese) FINANCE (taught in english) MANAGEMENT (taught in english) The Pre-Experience Masters are intended mainly to newly graduates, in Economics and Management, with little or no work experience.

SPECIALIZED MASTERS

ACCOUNTING AND MANAGEMENT CONTROL DATA ANALYTICS (taught in english) ECONOMICS AND MANAGEMENT OF INNOVATION ECONOMICS AND MANAGEMENT OF ORGANIZATIONS ENVIRONMENT ECONOMICS AND MANAGEMENT

APPLICATIONS

FINANCE AND TAXATION

The deadline for applications is april 9, 2015.

HEALTHCARE ECONOMICS AND MANAGEMENT HUMAN RESOURCES MANAGEMENT INTERNATIONAL BUSINESS MARKETING SALES MANAGEMENT SERVICES MANAGEMENT The specialisation Masters (MSc) are targeted to graduate in Economics, Management and other fields, with or without professional experience, who wish to complete their training, or to update their competences in a specialized area.

PHDS BUSINESS AND MANAGEMENT STUDIES (taught in english) ECONOMICS (taught in english)

General information about FEP’s degrees, admissions and events can be obtained online: www.fep.up.pt

Applications must be submitted online (www.fep.up.pt), with the following documents: R Copy of ID Card or Passport; R Curriculum vitae; R A letter stating the applicant’s motivation for applying; R Academic qualifications certificates (including subject certificates); R Two letters of recommendation (required to all candidates except to FEP graduates).

TUITION FEES Tuition information available on our academic programmes page (info.fep.up.pt) by selecting your programme of interest.

CONTACTS

330 students from 59 countries of 4 continents

admissions@fep.up.pt School of Economics and Management, University of Porto Rua Dr. Roberto Frias, 4200-464 Porto Phone + 351 225 571 100 Fax + 351 225 505 050

OPPORTUNITIES FEP INTERNATIONAL PARTNERSHIPS 89 universities in 30 countries

INTERNATIONAL MOBILITY R Includes one semester of studies R Mobility period: 2nd semester of the first year of the

QTEM MASTER PROGRAMME

programme

QTEM, Quantitative Techniques for Economics and Management, is a network Master programme which brings together outstanding students, Academic Partners and International Corporations.

R Applications are due in September, when students start their master’s programmes

R The mobility is funded under ERASMUS +

TWO SEMESTERS ABROAD

INTERNSHIPS

During the two years of FEP’s Master Programme the student will spend two semesters abroad, in two differente countries, in one of the following tracks: (A) 1 semester of studies in one QTEM academic partner + 1 international curricular-internship (4 months). (B) 2 semesters of studies abroad in two different QTEM academic partners + 1 internship (national or international/2 months). During your exchange semesters you will attend relevant QTEM courses - while simultaneously satisfying your FEP degree requirements.

R FEP promotes national or international curricular and extracurricular internships, with the primary goal of providing real experience in the labour market. R FEP also supports ERASMUS + internships under the ERASMUS programme. www.fep.up.pt/servicos/sereia/bolsadeemprego/

DOUBLE DEGREES

THE QTEM CERTIFICATE

R Master in Management (MiM) with Kedge Business

The QTEM certificate is an addition to FEP’s Master degree Diploma. The certificate will attest one of the following specialization modules: Finance and Risk Management, Applied Economics and Public Policy, Innovation and Strategy, Marketing and Supply Chain, Business Intelligence and Big Data.

School (Marseille/Bordeaux), a French grand école with triple crown accreditation. R PhD in Economics with the Lombardy Advanced School of Economic Research (LASER).

THE VALUE OF QTEM The QTEM programme is conceived to educate, train and provide future decision makers. International experience, academic excellence, business and policy relevance are the key elements. Through this programme you will become: R Highly skilled in analytical and quantitative techniques R Experienced through concrete business and policy challenges R Comfortable in international settings R In exclusive contact to the Corporate Partners through partner meetings, the QTEM CV database and other QTEM services

QTEM ACADEMIC PARTNERS Monash Business School, Solvay Brussels School of Economics and Management, ULB, Université de Lausanne, Zhejiang University, Goethe-Universität Frankfurt, Edhec Business School, Luiss Guido Carli, Waseda University, Universiteit Van Amsterdam, BI Norwegian Business School.

Double Degree with schools of excellence

QTEM CORPORATE PARTNERS Accenture, Aker Solutions, BMW, FIRM Frankfurt Institute for Risk Management and Regulation, Gruppo Telecom Italia, McKinsey Solutions, Millennium BCP, PWC, Real Impact Analytics, The Boston Consulting Group - this network is growing.

QTEM ADMISSIONS Be admitted to a FEP Master Programme + have a GMAT of 600 PTS minimum (or GRE) Applications in June – for mobility in January/February 2016. Exchanges will be supported with Erasmus grants, whenever possible. Additional information: qtem@fep.up.pt; www.qtem.org

GMAT R GMAT exam (International English test to evaluate language skills and reasoning capabilities) is taken into consideration in the admission to FEP Masters Programmes. GMAT is compulsory to access QTEM master certificate. R FEP will organize a GMAT preparation Course. R Students with GMAT ranking of 600, or more, will have the preparation course fee deducted from the tuition fee of the Master programme in which they will be enrolled.

Additional information in www.fep.up.pt - International webpage

UP UNIVERSITY CAMPUS University of Porto has more than 31,000 students, 2,300 professors and researchers and 1,600 employees at 15 schools and 60 research units, distributed between three university campus in Porto, in: _ The city center _ Asprela _ Campo Alegre

SERVICES The following services are available near FEP:

R Hospital de S. João (with a 24-hour pharmacy) R The S. João Campus shopping centre, which includes a supermarket and other shops

UNIVERSITY OF PORTO STUDENT OMBUDSMAN The Student Ombudsman defends and promotes the rights and legitimate interests of UPorto student, in Porto University related matters. E-mail: provedor.estudante@reit.up.pt Phone: +351 220 408 025/6

R Cafes R Restaurants R Banks

STUDENTS GUIDE HTTP://GUIA.FEP.UP.PT/

HOW TO GET TO FEP FEP is located in Rua Dr. Roberto Frias, at the Asprela campus, in Porto. The best way to get to FEP is by Metro. The nearest Metro station is Pólo Universitário. Alternatively, you can take buses 204, 301 and 803 on the bus network. More information in the Students Guide.

FEP R Located on the largest UP campus R Modern building classified as of Public Interest R R School with international environment R More than 15 student clubs R Winner of international competitions

FEP JOB BOARD PRINCIPAL PARTNERS

R Strong relationship with Alumni and entrepreneurs

R English language friendly environment

OTHER PARTNERS

(Curricular and summer traineeships and international traineeships, provision of support for dissertations, recruitment and other work)

COST OF LIVING ACCOMMODATION R Bedroom or shared apartment: 120 € to 200 € /month;

MEALS R 150 € to 200 € /month; R 1 meal: 2.35 € (in the canteen);

TRANSPORT R Approximately 30 € for a pass (Andante Z2 monthly)

R Bus/metro: 1.20 € (1 ticket Z2); 1.45 € (1 ticket Z3);

CINEMA R 5 € (student ticket)

REASONS TO STUDY AT UPORTO R R R R R R R R R R R R R R R

Porto: 240 thousand inhabitants U. Porto: the largest producer of science in Portugal U. Porto: 31 thousand students 3,700 foreign students Vibrant student environment Movida (night life) City of tourism and culture One of the best tourist destinations since 2011 Value for money: moderate cost of living Mild climate and good hospitality City of river and sea Green spaces Sport and leisure Festivals: Optimus Primavera Sound in May and MarĂŠs Vivas in July

R Unforgettable traditional food R R Historic City: combines the old with the contemporary

INFORMATIONS AND CONTACTS admissions@fep.up.pt School of Economics and Management, University of Porto Rua Dr. Roberto Frias, 4200-464 Porto Phone + 351 225 571 100 Fax + 351 225 505 050 www.fep.up.pt