Finance

COO & Finance

Upon completion of the MAS program, you will be able to interpret, apply and critically analyze the central concepts of finance and thus create added value for yourself and your company. The Master of Advanced Studies UZH in Finance is a university continuing education program with a modular structure. The structure of the program allows participants to choose their own focus. In addition, our diverse learning methods (blended learning, distance learning and face-to-face courses) allow you the greatest possible flexibility in terms of time while maintaining high quality.

# Target Audience

The course is aimed at people who want to acquire theoretically sound and practical knowledge in the field of banking and finance. The in-depth understanding of complex interrelationships and the study of the subject matter at the highest level will give you the ability to take on additional responsibility after completing the course.

# R﻿equirements

You have a university degree as well as several years of professional experience. Basic knowledge of Mathematics, Statistics, and Accounting is required, and preparatory courses are offered to refresh and expand knowledge. The preparatory courses are included in the overall package.

Duration

Language

Costs

An academically sound and at the same time practical, in-service training in Banking and Finance.

MAS Finance

# Topics

The following list is not exhaustive and will be expanded according to the elective and optional courses chosen: Sustainable Investing, Microfinance, Sustainability in Banking and Insurance, Climate Change Finance, Corporate Governance, Sustainable Development and Impact, Fintech and Sustainable Finance, Corporate Finance, Financial Markets, Derivatives, Banking and many more.

# Target Audience

The vast majority of course participants are professionals working in banking and finance in Switzerland and its neighboring countries. A smaller group of participants work in insurance companies, in finance departments of companies in other industries or in the public sector.

# Admission Criteria

Individuals with a university degree and several years of professional experience. Sur dossier candidates will also be considered (i.e. people with significant work experience but no academic degree).

Here, in-depth knowledge and practical skills in the area of sustainability in financial institutions and markets can be acquired.

MAS Sustainable Finance

# Topics

On the one hand, the compulsory part of this diploma course covers selected core banking topics such as the regulation of banks, management accounting, private banking, retail banking, commercial banking, and banking operations. On the other hand, various trends that will affect the banking industry in the future are covered. Furthermore, you will gain insights into the trend and changes that are driving the digital transformation among financial services providers as well as the FinTech revolution of the future and learn how sustainability can be integrated into business models and operations. In the elective section, you can take additional courses related to Corporate Finance, Derivatives, Fintech, Investment Management, Risk Management and Sustainable Finance depending on your interests.

# Target Audience

The program is primarily aimed at specialists and managers from the banking industry. However, it is also open to employees of insurance companies, pension funds and finance departments from industry, commerce and technology. Participation in the course is conditional on release from work by the employer during the course days.

# A﻿dmission

Participants have a university degree and several years of professional experience. Basic knowledge of Mathematics, Statistics, accounting and Finance is required, whereby preparatory courses are offered.

The respective costs of the individual courses apply.

Cost

The program shows developments in the direction of digitalization and sustainability as well as possible approaches to solving them.

DAS Banking

# Topics

If you would like to deal with individual sub-areas of Finance in a selective, academically sound and practical manner, a Diploma of Advanced Studies in Finance is the right degree for you. A DAS offers you the greatest possible flexibility in the composition of your individual study plan. 

With the DAS in Finance program, either no concentration or one of the following concentrations is possible:

* C﻿orporate Finance
* D﻿erivatives
* F﻿inTech
* I﻿nvestment Management
* R﻿isk Management
* V﻿aluation and M&A

# T﻿arget Audience

The course is aimed at people who want to acquire theoretically sound and practical knowledge in the field of Finance. The in-depth understanding of complex interrelationships and the study of the subject matter at the highest level provide participants with the ability to take on additional responsibility after completing the training.

# P﻿rerequisites

Participants have a university degree and several years of professional experience. Basic knowledge of Mathematics, Statistics, Accounting and Finance is required, and preparatory courses are offered.

This course provides theoretically sound and practical knowledge in the field of finance.

DAS Finance

# Topics

The core aspects of sustainability in investments, banking, and corporate finance are complemented by applied, case-specific expertise. 

The program is composed of required, elective, and elective courses. Individual course selection from the elective and free choice courses can define a focus in different topics of Sustainable Finance. The DAS in Sustainable Finance does not require the completion of a written thesis.

# T﻿arget Audience

The majority of course participants are professionals working in banking and finance in Switzerland and its neighboring countries. A smaller group of participants work in insurance companies, in finance departments of companies in other industries or in the public sector.

# A﻿dmission Criteria

For enrollment, a university degree and some professional experience (university master's degree or equivalent (e.g. BA or FH degree with additional professional experience) are required, while 'sur dossier' admission of experienced practitioners without a university degree is possible.

The respective costs of the selected modules apply.

This degree program provides in-depth knowledge and practical skills in the area of sustainability in financial institutions and markets.

DAS Sustainable Finance

# Structure

In the first part, participants experience corporate management using a business simulation. The second part covers the basics of determining the cost of capital and investment appraisal, as well as the determination of an ideal capital structure and the design of dividend policy. Furthermore, topics related to hybrid financing instruments and currency hedging will be covered.

# Prerequisites

Participants have a university degree and several years of professional experience. Basic knowledge in mathematics, statistics, accounting as well as finance is required. Preparatory courses are offered.

The course provides theoretically sound and practical knowledge in the field of Corporate Finance.

CAS Corporate Finance

# Structure

In the first part, the characteristics, possible applications and valuation methods of derivative financial products such as futures, forwards, options and swaps are taught. In the second part the practical deepening takes place in the area of the structured products, whereby their construction, employment and evaluation are regarded.

# Prerequisites

Participants have a university degree and several years of professional experience. Basic knowledge in mathematics, statistics, accounting as well as finance is required. Preparatory courses are offered.

The course provides theoretically sound and practical knowledge on derivatives and structured products. 

CAS Derivatives

## Topics

The foundations of the course are laid by discussing core topics of traditional banking in an academically sound and practice-oriented manner. Financial knowledge for management functions, the regulatory environment, strategic knowledge and trends as well as banking areas and their challenges for the future are covered. The Digital Transformation and Sustainability in Banking and Insurance courses prepare you for the two most important trend topics in banking of the future. The Digital Transformation course enables you to understand trends and changes that lead to uncertainties and shifts in financial services and to identify them in your company. In Sustainability, you will gain a systematic overview of the challenges, strategies and choices banks face when integrating sustainability into their business models and processes, so that you can then better implement the integration of sustainability in your company.

## Target audience

This course is primarily aimed at professionals with roles in senior management, in management, as a subject matter expert or as a career change.

The program focuses on the latest trends in Swiss banking.

CAS Digital Banking

The financial sector is undergoing a considerable transformation primarily induced by the digital transformation that significantly impacts providers serving customers. Changing customer experiences and developments in regulation, cybersecurity, blockchain, smart data, artificial intelligence, or cloud computing set to disrupt the sector by non-banks, FinTechs, InsureTechs and the like. The technology and industry convergence links consumer banking, payments, investments, wealth management, insurance, and pension but also non-financial services like healthcare, e-commerce, and social media and raises experience-oriented business models. Future managers need to understand how to compete when industries digitalize and collide. They must embrace digital innovations and collaborate effectively with diverse value-creating actors in an ecosystem across organizational and sector boundaries. Understanding trends early and developing mastery at the intersection of finance and technology are decisive factors in running and changing the firm.

This unique university executive program builds on cutting-edge research and provides new management practices to mid-and senior executives. We enable community building and networking beyond the program with top keynote speeches and access to University of Zurich alumni events such as our [Fintech Executive Talks](https://www.linkedin.com/feed/update/urn:li:activity:6983695770449289216) series. To complete the five course modules, the participants receive a Certificate of Advanced Studies (CAS) in FinTech.

# Overall Program and Learning Objectives

* Embrace the trends that drive transformation in the financial sector
* Link key technologies and thrive in the financial services industry
* Shape the future at the intersection of technology and finance
* Understand and design cross-sector digital ecosystems
* Leverage financial technology and win through inter-organizational agility

Finance & Zentrale Dienste

A deep dive into trends, innovation, and transformation at the intersection of finance and technology

CAS FinTech

In Banking and Finance, Risk Management is focused on the identification, the measurement, and the mitigation of different risk types. Several mathematical techniques and concepts from Finance are applied to quantify different types of risk.

This enables Risk Managers to take appropriate measures and mitigate the risks within a financial institution. In order to succeed in the long term, a company has to know the risk types that they are facing and how to manage them actively.

# Prerequisites

Participants have a graduate degree and several years of working experience. A certain level of mathematical knowledge is very beneficial and helpful for successful completion.

A program for individuals who wish to enhance their risk management knowledge or prepare for the PRMIA certificate.

CAS Risk Management for Banking and Finance

# Structure

In the first part, the fundamentals of asset management are taught in a theoretically sound and practical manner. Along the investment process, topics such as portfolio optimization, efficient markets, investment strategies as well as the valuation and selection of stocks and bonds are highlighted. The knowledge acquired is then applied practically in a second part in a web-based simulation, with responsibility for the strategic and tactical investment strategy as well as the business management of a department.

# Prerequisites

Participants have a university degree and several years of professional experience. Basic knowledge of mathematics, statistics, accounting as well as finance is required, and preparatory courses are offered.

The course provides theoretically sound and practical knowledge in the field of Investment Management. 

CAS Investment Management

## S﻿tructure

The CAS makes use of the University of Zurich’s broad curriculum of disciplines to introduce participants to the structured thinking and academic evidence in the field on the one hand and on the other by exposing participants to industry experts sharing their hands-on experience on how they deal with these challenges. The CAS UZH in Stakeholder Management and Stewardship follows a modular structure that facilitates graduation alongside the workload of busy professionals. It offers a variety of different modules, allowing senior officiers to focus on specific strategic topics in the field while offering junior people the possibility jumpstart their career with comprehensive and solid foundation courses. The program combines a set of compulsory core and elective courses.

## P﻿rerequisites

The participants have a university degree or a degree of a university of applied sciences and several years of professional experience. The courses are held in English. Admission is decided based on a review of the application documents.

Varies according to individual course selection

This course provides theoretical and practical knowledge in the field of stakeholder management and stewardship.

CAS Stakeholder Management and Stewardship

This university executive program enables you to acquire theoretical and practical knowledge in Sustainable Finance and related topics. The core aspects of Sustainability in Investments and Banking, and Corporate Finance, will be complemented by applied, case-specific expertise.

The CAS in Sustainable Finance adopts a modular structure that facilitates graduation alongside the workload of busy professionals. The program combines a set of compulsory core and elective courses. By choosing between the elective courses, you are able to define an area of specialization in different Sustainable Finance topics.\
Participants on the CAS in Sustainable Finance have the option to switch to the DAS or MAS in Sustainable Finance. In such cases, all ECTS credits gained can be transferred to contribute towards the DAS or MAS in Sustainable Finance.

# Prerequisites

The participants have a university degree or a degree of a university of applied sciences and several years of professional experience.

According to the composition of the individual courses

This program provides theoretical and practical knowledge on sustainable finance and related topics.

CAS Sustainable Finance

# Structure

In the course, various methods of business valuation as well as special cases of valuation (e.g. of banks and state-owned enterprises) are considered and current trends in the field of M&A are highlighted. Participants apply what they have learned to concrete M&A cases. Insights into the areas of private equity and venture capital as well as the basics of business taxation round off the course.

# Prerequisites

Participants have a university degree and several years of professional experience. Basic knowledge in mathematics, statistics, accounting as well as finance is required. Preparatory courses are offered.

The course provides knowledge in the areas of business valuation, corporate transactions and corporate taxes.

CAS Valuation and M&A

Adapting rapidly and cost-efficiently in response to changes in the business environment triggered by trends and unplannable events is crucial to surviving. This seminar covers advanced innovation management theory and practice, referring to organizational agility and resilience. We provide strategic thoughts and suggest agile methods such as Scrum, Kanban, XP, DevOps, SAFe, LeSS, Lean Start-up, Design Thinking. Participants learn how to unlock the power of FinTechs to create effective business strategies for a future characterized by increasing dynamism, complexity, and uncertainty.

# Target Audience

This course is aimed at professionals who see the technological shift and trends in the finance sector and want to gain a deeper understanding of them. 

# Qualifications

Participants have a university degree and several years of professional experience or an equivalent qualification.

Finance & Custom Programs

You will gain knowledge on the effective use of financial technology with inter-organizational agility.

Agile FinTech Strategies

The interaction between biodiversity and finance has attracted an increasing amount of attention on a global scale. This course aims to provide a comprehensive introduction to this topic including the scientific foundation, economic mechanism and current practice of biodiversity and finance. The scientific foundation of biodiversity will be explored with several essential concepts. Economic mechanism will highlight the horizon on which biodiversity and finance interacts. Current financial sector activities, key metrics and innovative funding schemes will be introduced by industry pioneers. Overall, this program will be led by a strong, multi-disciplinary team of teachers from research, field work and the financial sector.

# Target Audience

The course is designed for practitioners in the financial sector who want to understand the foundations and practice of biodiversity and finance. Participants have a graduate degree and several years of working experience.

You will learn about scientific principles, economic mechanisms and current practice.

Biodiversity and Finance

Based on a strategic foresight framework, using real-world examples and case studies, this course gives an understanding of the economical, technological, and global factors involved in the fintech revolution. We show how to create value from data along the information value chain and explain technology as the enabler to achieve exponential growth. The systematic trend and innovation management approach builds the foundation for digital strategies required to retain existing clients and attract the next technology-savvy generation. Overall, participants gain practical skills to articulate what disruption means and how to harness the potential of the digital transformation.

# T﻿arget Audience

This course is aimed at professionals who see the technological shift and trends in the finance sector and want to gain a deeper understanding of them.

# Q﻿ualifications

Participants have a university degree and several years of professional experience or an equivalent qualification.

This course addresses emerging trends and changes in Financial Services.

Digital Transformation

This seminar connects technology to business and explains how technology enables innovation set to disrupt industries and change society. From various perspectives, we elaborate on use cases and applications relevant to financial services and beyond. 

Distinctive focus is on smart data, artificial intelligence, machine learning, predictive analytics, blockchain, crypto assets, tokenization of assets and quantum computing. We present and discuss the convergence of key technologies to become a game changer. Harness the power of disruptive technologies and learn how to integrate FinTech solutions into your value-creation process.

# T﻿arget Audience

This course is aimed at professionals who see the technological shift and trends in the finance sector and want to gain a deeper understanding of them. 

# Q﻿ualifications

Participants have a university degree and several years of professional experience or an equivalent qualification.

You will gain insight into the technologies that enable disruptive innovation and have the potential to transform society.

Disruptive Technologies

A technical introduction to the terms and concepts of state-of-the-art technology, programming languages and algorithms. The focus is on blockchain, artificial intelligence, machine learning and big data. Overview of Python and its use cases for data retrieval, transformation, and statistical analysis. 

# T﻿arget audience

The course is aimed at people who want to get an introduction into the terms and concepts of programming and FinTech. 

# Q﻿ualification

Participants have a university degree and several years of professional experience or an equivalent qualification.

Introduction to the terms and concept of financial technology (FinTech).

 eFundament&shy;als of Programming

Understanding stakeholder expectations and requirements is key for companies in pursuing strategic goals. But how do you convey the message as a corporate and how do you make use of this information as an investor? In this course, we build a fundamental understanding for the different dialogues between investors and corporates: Who are the participants, what are goals and how do these interactions impact its participants. Starting from the well-established financial dialogue, we extend our focus into the governance and sustainability dimension, develop what is relevant content in each dialogue, what it intends to achieve and how it is organized within companies and the investment process.

# T﻿arget Audience

This course is intended for representatives of the financial as well as the corporate community who are or plan to be involved in ESG engagements. This includes amongst other Financial Analysts, Stewardship team members, CFOs, Investor Relations, Corporate Secretaries, etc.

The course provides knowledge on Sakeholder Management and Investor Stewardship.

ESG Engagements

Our courses offer you scientifically sound and practical knowledge in a wide range of areas of finance. The individual courses are generally creditable at CAS, DAS and MAS level. The courses take place annually in the autumn or spring semester at approximately the same time.

F﻿or each successfully completed single course you receive a course certificate.

[H﻿ere](https://www.finance-weiterbildung.uzh.ch/en/programs/single-courses.html) you can find all our single courses at a glance.

We offer 45 single courses in the field of Finance, with a wide range of topics.

Finance Single Courses Overview

This seminar focuses on how to create customer value with open innovation. We suggest the notion of open ecosystems that give rise to new forms of competition and collaboration. Because of the convergence of financial services, e-commerce, healthcare, social media, and other industries, accessible through a supper app, we explain embedded services provided by market players outside the sector. With state-of-the-art use cases from Asian leaders, we show how to become more innovative by adopting an ecosystem strategy. In group sessions, you learn how to design an ecosystem by applying Ecosystem Canvas.

# T﻿arget audience

This course is aimed at professionals who see the technological shift and trends in the finance sector and want to gain a deeper understanding of them. 

# Q﻿ualifications

Participants have a university degree and several years of professional experience or an equivalent qualification.

This course enables the understanding and design of cross-sector digital ecosystems

 Financial Services Ecosystems

This seminar explores game-changing business models based on multiple trends, focusing on digital innovations. Experience-oriented customers with always-on targeting solutions will replace linear customer journeys. Back and front office are challenged with new interaction models, digital investment platforms, robo-advisors, crowdfunding, decentralized finance, and social media integration. All this requires open views and new governance structures. We give you a glimpse into the purpose beyond making money and triggering ESG that will increase your vision on the quest for disruptive business models.

# T﻿arget audience

This course is aimed at professionals who see the technological shift and trends in the finance sector and want to gain a deeper understanding of them. 

# Q﻿ualifications

Participants have a university degree and several years of professional experience or an equivalent qualification.

Shape the future at the intersection of Technology and Finance. 

Future Busi&shy;ness Models

This year, the Winter School will be held under the topic of Risk, Sustainability & Investing. Topics to be covered include:

* Risks in investing (overview of the various risks, also by type of investor)
* Sustainability in investing (integration of sustainability into investments)
* Investment process
* Investment risk (deep dive into volatility and correlation, with various asset classes, including structured products)
* Unusual market circumstances under a risk lens (e.g., challenge to standard normal distribution)
* Sustainability risks (potentially breakdown into E, S, G)
* Geopolitical risks (link also to G)
* Inflation as a risk factor
* Risk in alternative investments

Many of the topics covered can give participants a competitive edge. The Winter School provides a unique opportunity to discuss these topics with faculty.

# Target audience

The target group for this Winter School in Quantitative Finance about Risk, Sustainability & Investing is:

* **Investment professionals** and **risk managers**, who aim to learn about new trends and most advanced techniques in quantitative finance.
* **Statisticians, computer scientists**, and **data scientists**, who need to learn quickly how to deploy their domain expertise in the complex world of quantitative finance.
* **Derivative quants** who wish to quickly move from quantitative pricing to modern applications of finance.
* **Students** (advanced Bachelor, Master level, and PhD) with certain quantitative proficiency, who aim to learn about recent trends in industry and academia.

No coding experience is needed to fully benefit from the courses.

However, the lecture materials will include ready to use code for analysis, visualization and reporting. Interested participants are invited to work with the code and ask questions about it during the sessions.

About the topics Risk, Sustainability & Investing. 

Winter School in Quantitative Finance

Die Europäische Zentralbank (EZB) hat 2021 Klimarisiken als wesentliche Risikofaktoren in die sogenannte SSM Risk Map aufgenommen. Die Forschenden der Wirtschaftswissenschaftlichen Fakultät der Universität Zürich gehen unter anderem der Frage nach, wie sich diese Risiken quantifizieren lassen und welche Massnahmen zur Risikoreduktion ergriffen werden können.

The European Central Bank (ECB) has included climate risks as material risk factors in the so-called SSM Risk Map in 2021. Researchers at the Faculty of Business, Economics and Informatics at the University of Zurich are investigating, among other things, how these risks can be quantified and what measures can be taken to reduce the risks.

Eins ist sicher: Die grossen Treiber der Digitalisierung und Nachhaltigkeit führen in der Banken- und Finanzbranche zu tiefgreifenden Veränderungen. Kunden entwickeln neue Bedürfnisse, der Bedarf an Compliance und Cybersecurity nimmt zu, neue Entwicklungen in Kryptowährungen, Smart Data und künstlicher Intelligenz haben das Potenzial für disruptive Entwicklungen. Der CAS in FinTech bietet einen "deep dive" in die aktuellsten Themen rund um die technologischen Veränderungen in der Finanz- und Versicherungsbranche.

One thing is certain: The big drivers of digitalization and sustainability are leading to profound changes in the banking and finance industry. Customers are developing new needs, the demand for compliance and cybersecurity is increasing, new developments in cryptocurrencies, smart data and artificial intelligence have the potential for disruptive developments. The CAS in FinTech offers a "deep dive" into the most current topics around the technological changes in the finance and insurance industry.

Business Administration: General Management & Zentrale Dienste

Nach der jüngsten Krise hat der Präsident des FC Chelsea den Fussballclub zum Verkauf ausgeschrieben. Wie bewerten Investmentgesellschaften einen international erfolgreichen Fussballclub? Welche Umsatzströme und Kostenpunkte sind für einen Fussballclub relevant? Welche Risiken sind im global Fussball zu beachten und wie fliessen diese in die Bewertung mit ein? Diese und ähnliche Fragen werden im Modul Accounting & Finance im Sport mit Prof. Dr. David Oesch beantwortet.

After the recent crisis, the president of Chelsea FC has put the football club up for sale. How do private equity and other investment companies value an internationally successful football club? Which revenue streams and costs are relevant for a football club? How do risk assessments in global football influence valuation and investment decisions? These questions will be tackled in in the Accounting & Finance in Sports module with Prof. Dr. David Oesch.

Unternehmen benötigen Kapital, einerseits um Investitionen für Wachstum zu tätigen und andererseits um den operativen Betrieb aufrecht zu erhalten. Im CAS Corporate Finance beantworten wir gemeinsam die Frage und diskutieren, wie viel Kapital für das Überleben und Wachstum notwendig ist und wie das Verhältnis zwischen Eigen- und Fremdkapital für die Finanzierung von Unternehmen ideal ausgestaltet ist.

Companies need capital, on the one hand, to make investments for growth and on the other hand to maintain operations. In the CAS Corporate Finance, we answer this question together and discuss how much capital is necessary for survival and for growth and how the relationship between equity and debt can be ideally structured to finance companies.

CFO & Finance

Die Kombination von Finanzinstrumenten, die sich wie Legosteine kreativ und vielfältig zusammenbauen lassen, ermöglicht individuelle Anlagelösungen. Solche Strukturierten Produkte kombinieren Obligationen mit Derivaten und erlauben es der Kundin, ihre persönliche Markterwartung abzubilden. Der CAS in Derivatives vermittelt das Grundverständnis über die unterschiedlichen Derivate, bevor die Konstruktion und Bewertung, aber auch die kritische Reflexion von Strukturierten Produkten im Fokus stehen.

The combination of financial instruments, which can be creatively and diversely assembled like Lego bricks, enables individual investment solutions. Such structured products combine bonds with derivatives and allow the client to map their personal market expectations. The CAS in Derivatives provides a basic understanding of the various types of derivatives, before focusing on not only the construction and valuation, but also the critical reflection of structured products.

Smart-Beta verspricht das Beste aus den beiden Welten aktive und passive Anlagestrategien. So versprechen Smart-Beta Anlagestrategien beispielsweise durch Faktor-basiertes Investieren, Alpha zu erwirtschaften und gleichzeitig günstiger wie aktive Anlagefonds zu sein. Im CAS Investment Management werden unterschiedliche Anlagestile wissenschaftlich fundiert auf ihre Tauglichkeit in der Praxis hin analysiert.

Smart beta promises the best of both worlds of active and passive investment strategies. For example, smart beta investment strategies promise to generate alpha through factor-investing, and at the same time, are cheaper than active investment funds. In the CAS in Investment Management, different investment styles are analysed in a scientifically sound manner for their suitability in practice.

Finanzinstitute sind diversen finanziellen Risiken wie Zahlungsausfälle von Schuldnern oder sich veränderten Zinsen und nicht finanziellen Risiken wie operationelle Risiken ausgesetzt. Das Risikomanagement von Finanzinstituten befasst sich mit der Identifikation und der Messung sowie der Überwachung aller Risiken, die den Fortbestand des Unternehmens gefährden könnten. Der CAS Risk Management for Banking and Finance rüstet Entscheidungstragende mit den hierfür notwendigen Kenntnissen aus.

Financial institutions are exposed to various financial risks, such as defaults by debtors or changing interest rates, and non-financial risks, such as operational risks. The risk management of financial institutions deals with the identification and measurement, as well as the monitoring, of all risks that could endanger the continued existence of the company. The CAS Risk Management for Banking and Finance equips decision-makers with the knowledge necessary to assess these risks.

Eine Unternehmensübernahme ist häufig ein komplexer Prozess und besteht aus der Vorbereitung, der Realisierung, der Preisverhandlung sowie der anschliessenden Integration. Der Übernahmepreis kann mithilfe unterschiedlicher Modelle geschätzt werden, jedoch ist schliesslich die Verhandlung zwischen Käufer und Verkäufer entscheidend. Bezahlt werden Übernahmen mit Cash oder Aktien des Käuferunternehmens. Diese Prozesse und deren potenzielle Schwierigkeiten werden im CAS Valuation and M&A beleuchtet.

A company takeover is often a complex process and consists of the preparation, realization, price negotiation and subsequent integration. The takeover price can be estimated using various models, but ultimately the negotiation between buyer and seller is decisive. Takeovers are paid for with cash or shares of the acquiring company. These processes and their potential difficulties are examined in the CAS Valuation and M&A.

Eine wachsende Anzahl an Investoren sind davon überzeugt, dass mit der nachhaltigen Anlage von Kapital neben finanziellen auch soziale und ökologische Ziele erreicht werden können. Wissenschaftlich fundiert wird im MAS, DAS und CAS in Sustainable Finance der sehr vielschichtigen Frage nachgegangen und aufgezeigt, welche Auswirkungen bei Sustainable Investing, Impact Investing und Philanthropie auf die finanziellen Ziele zu erwarten sind.

A growing number of investors are convinced that the sustainable investment of capital can achieve not only financial but also social and environmental goals. In the MAS, DAS and CAS in Sustainable Finance, this very complex question is scientifically investigated and the expected effects on the financial goals of sustainable investing, impact investing and philanthropy are explored.

Das Realisieren von innovativen Ideen, Projekten oder Produkten benötigt Kapital. In den letzten Jahren ist Crowdfunding zu einer möglichen Alternative zum klassischen Bankkredit geworden. Hierbei beteiligen sich verschiedene Parteien mit kleineren Beträgen an der Finanzierung von Privatpersonen und Unternehmen. Im DAS in Banking werden die Trends, welche den digitalen Wandel bei den Finanzdienstleistern rasch vorantreiben, analysiert und diskutiert.

The realization of innovative ideas, projects and products requires capital. In recent years, crowdfunding has become a possible alternative to the classic bank loan, where various parties participate with smaller amounts in the financing of private individuals and companies. The DAS in Banking analyses and discusses the trends that are rapidly driving digital transformation among financial service providers.

Green Bonds sind Anleihen, die zur Kapitalbeschaffung für Investitionen dienen, welche positiv für die Umwelt sein sollten. Es kommt aber vor, dass Unternehmen den positiven Einfluss auf die Umwelt beschönigend darstellen, dies wird auch als Greenwashing bezeichnet. Worauf es bei Green Bonds ankommt und wie diese Finanzinstrumente im Detail funktionieren, wird im Kurs eFixed Income Markets thematisiert.

Green bonds are bonds that are used to raise capital for investments that should be positive for the environment. However, in reality companies gloss over the positive impact on the environment. This is also known as greenwashing. In our eFixed Income Markets course we discuss what is important about Green Bonds and review in detail how these financial instruments work.

Das Herdenverhalten von Investor:innen hat in der Vergangenheit Spekulationsblasen bei Tulpen und Aktienmärkten zur Folge gehabt. Behavioral Finance ist eine Forschungsrichtung im Bereich Finance, welche die Psychologie des Investierens analysiert und aufzeigt, wie irrational Anleger:innen handeln können. Der Kurs Behavioral Finance behandelt die psychologischen Faktoren, welche Investitionsentscheidungen beeinflussen können und welche Biases im Anlageprozess vermieden werden sollten.

In the past, herd behavior of investors has led to speculative bubbles in tulips and stock markets. Behavioral finance is a branch of finance that analyses the psychology of investing and shows how irrational investors can be. Our Behavioral Finance course discusses the psychological factors that can influence investment decisions and which biases should be avoided in the investment process.

Kurz gesagt, eine Menge. 74% des Marktwerts der grössten börsenkotierten Unternehmen in der EU basieren laut Ocean Tomo (2020) auf immateriellen Werten, die meist stark mit der Unternehmens-Reputation verbunden sind. Durch sorgfältiges Stakeholder Management können deshalb der Ruf eines Unternehmens und sein Marktwert geschützt werden. Das CAS Stakeholder Management and Stewardship untersucht wesentliche Stakeholder, weshalb sie wichtig sind und wie man erfolgreich mit ihnen interagieren kann.

The short answer is, a lot! 74% of the market value of the largest listed European companies is based on intangible assets (Ocean Tomo, 2020) and often highly correlated with reputation. By carrying out careful stakeholder management, a company’s reputation, and it‘s market value, can be safeguarded. The CAS in Stakeholder Management and Stewardship takes a closer look at key stakeholders, why they are important and how to interact with them successfully.

Die Suche nach Anleitungen zur Lösung gängiger Probleme mithilfe breit akzeptierten "To-Do"-Listen, eine Best Practice, ist ein weit verbreiteter Ansatz auf dem Markt. Doch bei komplexeren Problemen, beispielsweis in der Nachhaltigkeit oder der Governance, greift dies oft zu kurz und liefert wenig effiziente Lösungen. Im CAS Stakeholder Management and Stewardship betrachten wir die Konzepte hinter dem Stakeholder-Management, damit Teilnehmende unabhängig über unternehmensspezifische Konzepte nachdenken und entwickeln können.

The search for guidance on how to solve common problems using widely accepted “to do”-list, a best practice, is a common approach in the market. However, for more complex problems such as the ones we face in sustainability or governance, this often falls short and leave potential untapped value on the table. In the CAS in Stakeholder Management and Stewardship, we look at the concepts behind stakeholder management to enable participants to think independently about company-specific concepts.

Executive Education
Faculty of Business, Economics and Informatics

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