Finance (Non-Thesis): Luxembourg (M.M.) (45 credits)
Offered by: Management (Desautels Faculty of Management)
Degree: Master of Management
Program credit weight: 45
Program Description
The Master of Management in Finance; Non-Thesis (MMF) program is a flexible-length specialized masters degree in finance. The choices are program completion within 12, 16 and 20 months. The program is part of the Faculty’s expanding portfolio of specialized MM programs. The distinguishing features of the program are
- a quantitative level well-above the average current MBA elective and
- a close interaction with the private sector.
The crucial 9-credit major paper requirement is fulfilled either by
- completing a three-month internship on a financial project with a corporation and writing a detailed report; or by
- independently working on a research project.
The program will contain an investment and corporate finance focus and it will have an advisory board of executives from financial and non-financial corporations.
Note: For information about Fall 2025 and Winter 2026 course offerings, please check back on May 8, 2025. Until then, the "Terms offered" field will appear blank for most courses while the class schedule is being finalized.
Required Courses (21 credits)
| Course | Title | Credits |
|---|---|---|
| ACCT 604 | Financial Statements 1. | 3 |
Financial Statements 1. Terms offered: Summer 2025 Introduction to financial accounting, including the objectives of financial statement analysis. Discussion of the limitations of the financial information used in financial statement analysis. | ||
| FINE 674 | Fintech. | 3 |
Fintech. Terms offered: this course is not currently offered. Exploration of the impact of information technologies on financial systems. How the digitalization of payments affect the structure of the banking system and sustains financial inclusion. Basic principles of cryptography and use them to understand the architecture of large permissionless blockchains. The capabilities and limitations of this technology as well as its developments (permissioned blockchains, smart contract, stablecoins). The role of platforms in the development of new financial technologies and the role of artificial intelligence in finance. | ||
| FINE 678 | Financial Economics. | 3 |
Financial Economics. Terms offered: Summer 2025 Theoretical foundations of modern financial economics, including the principles underlying the theoretical results on individual portfolio decisions under uncertainty and the implications for the valuation of securities. | ||
| FINE 679 | Corporate Finance Theory. | 3 |
Corporate Finance Theory. Terms offered: Summer 2025 Fund raising for companies: The choice between long-term debit and equity. The basic concepts of valuing a company. | ||
| FINE 680 | Investments. | 3 |
Investments. Terms offered: this course is not currently offered. Financial markets, portfolio theory, and portfolio management. | ||
| FINE 681 | International Capital Markets. | 3 |
International Capital Markets. Terms offered: this course is not currently offered. International finance, including comprehensive analysis of the institutions and the theoretical models that characterize open economies. | ||
| FINE 682 | Derivatives. | 3 |
Derivatives. Terms offered: this course is not currently offered. Introduction to the valuation and hedging of derivatives contracts such as options, futures and forwards. | ||
Complementary Courses (24 credits)
12 credits from:
| Course | Title | Credits |
|---|---|---|
| ACCT 605 | Financial Statements 2. | 3 |
Financial Statements 2. Terms offered: this course is not currently offered. The company valuation process. Establish frameworks using public data. | ||
| FINE 683 | Advanced Corporate Finance. | 3 |
Advanced Corporate Finance. Terms offered: this course is not currently offered. Financial tools required for good business decisions, focusing on the relation between finance and corporate strategy. | ||
| FINE 684 | Fixed Income Analysis. | 3 |
Fixed Income Analysis. Terms offered: this course is not currently offered. Fixed income financial instruments and their uses for financial engineering and risk management. | ||
| FINE 685 | Market Risk Management. | 3 |
Market Risk Management. Terms offered: this course is not currently offered. Measuring and managing risks facing corporations, focusing on aspects of market risks. | ||
| FINE 686 | Global Corporate Finance. | 3 |
Global Corporate Finance. Terms offered: this course is not currently offered. Multinational financial management, including quantitative approach to tackle issues currently faced by multinational corporations and all enterprises interested in accessing global markets. | ||
| FINE 687 | Global Investments. | 3 |
Global Investments. Terms offered: this course is not currently offered. Top-down portfolio management skills, including basic understanding of the global investment approach. | ||
| FINE 688 | Mergers and Acquisitions. | 3 |
Mergers and Acquisitions. Terms offered: this course is not currently offered. Mergers and acquisition (MA) activities and the processes used to successfully accomplish and create shareholder value from these activities. Joint ventures and alliances, governance and regulatory, cross border MA, divestitures. | ||
or any other relevant 600-level courses offered by Desautels Faculty of Management with permission of the Program Advisor.
12 credits from:
| Course | Title | Credits |
|---|---|---|
| FINE 670 | Fundamentals of Financial Research. | 3 |
Fundamentals of Financial Research. Terms offered: Summer 2025 Research methodology, where a research project will be carried out under the supervision of the Faculty supervisor. Specific tools will be tailored based on a particular research topic and the recommendations of the supervisor. | ||
| FINE 671 | Applied Finance Project. 1 | 9 |
Applied Finance Project. Terms offered: this course is not currently offered. Research project supervised by a Faculty member of the Desautels Faculty of Management. | ||
| FINE 671D1 | Applied Finance Project. 1 | 4.5 |
Applied Finance Project. Terms offered: this course is not currently offered. Research project supervised by a Faculty member of the Desautels Faculty of Management. | ||
| FINE 671D2 | Applied Finance Project. 1 | 4.5 |
Applied Finance Project. Terms offered: this course is not currently offered. For course description see FINE 671D1. | ||
| FINE 671N1 | Applied Finance Project. 1 | 4.5 |
Applied Finance Project. Terms offered: this course is not currently offered. Research project supervised by a Faculty member of the Desautels Faculty of Management. | ||
| FINE 671N2 | Applied Finance Project. 1 | 4.5 |
Applied Finance Project. Terms offered: this course is not currently offered. For description see FINE 671N1. | ||
- 1
Choose either FINE 671 Applied Finance Project. or FINE 671D1/D2 or FINE 672N1/N2.
Or
| Course | Title | Credits |
|---|---|---|
| FINE 689 | Integrative Finance Project. | 12 |
Integrative Finance Project. Terms offered: Summer 2025 Supervised research project. | ||
| FINE 689N1 | Integrative Finance Project. | 6 |
Integrative Finance Project. Terms offered: this course is not currently offered. Supervised research project. | ||
| FINE 689N2 | Integrative Finance Project. | 6 |
Integrative Finance Project. Terms offered: this course is not currently offered. Integrative Finance Project. | ||