OVERVIEW
As corporate bodies grow and expand their operations, the caliber of its employees and management becomes central to its survival and overall success. Such individuals are expected to have profound academic and professional competence to handle the ever-changing roles of functional areas of the organization. The role of financial management in achieving the main corporate objectives of shareholders wealth maximization is therefore paramount. The PUC MBA in Finance is designed to offer in-depth understanding of advance financial management, developed around academic and practical application of modern techniques and tools used in solving complex business and industrial problems that impedes the attainment of organizational goals. 

This programme integrates financial policy into a ground strategy keeping organizational purpose and goals in focus. The programme concentrates on contemporary theories regarding valuation of the firm, investment decision processes, dividend policy, asset management and financial strategies and portfolio theory. Financial institutions are historically the largest employers for MBA Finance graduates.
     

Content

PHILOSOPHY OF THE PROGRAMME

The PUC MBA Finance will provide students with the analytical and theoretical tools currently required to master practical issues in finance. Emphasis would be placed on financial management in general business, financial institutions, units of government, and several other industries. The programme will offer courses relating to the financial organization, operations, and problems of the economy at large. While some attention will be given to the descriptive, institutional, and historical aspects of the field, primary emphasis is placed on the analytical foundations of the discipline, stressing theory and methods of analysis and making extensive use of relevant techniques of financial analysis.
Graduates will have professional career positions in financial departments of general businesses, investment banking firms, broker-dealer firms, and management consulting firms, central banks and international financial institutions as well as various commercial banks.

OBJECTIVES OF THE PROGRAMME

The objectives of the PUC MBA Finance are to:

  • Enable students gain an understanding of the finance function  and its inter-relationship with the organisation
  • Equip students with technical knowledge and skills used in the finance functions with the view to maximizing shareholder wealth
  • Train students to analyse and structure complex business problems to make them amenable through the use of financial management tools
  • Give students experience and confidence in applying the theoretical knowledge in practice
  • Equip students with both traditional and modern innovations of raising finance
  • Stimulate students to read and critically appraise management theory and, in doing so, develop their desire for life-long learning.

MBA FINANCE COURSE STRUCTURE

Students are required to take twelve (12) mandatory core courses that set the foundation of their management knowledge in the first two semesters of the first year of their study. These courses are presented the tables below on semester basis.

 

FIRST YEAR

First Semester

 

NO.

COURSE CODE

COURSE TITLE

CREDIT HOURS

1

MBAC 601

Quantitative Methods

3

2

MBAC 603

Business Research Methods

3

3

MBAC 605

Accounting for Managers

3

4

MBAC 607

Financial Management

3

5

MBAC 609

Business and Legal Environment

3

6

MBAC 611

Management and Organizational Behaviour

3

TOTAL CREDIT

18

 

Second Semester

 

NO.

COURSE CODE

COURSE TITLE

CREDIT HOURS

1

MBAC 602

Managerial Economics

3

2

MBAC 604

Marketing Management

3

3

MBAC 606

Strategic Management

3

4

MBAC 608

Human Resource Management

3

5

MBAC 612

Management Information System (MIS)

3

6

MBAC 614

Research Seminar I

3

TOTAL CREDIT

18

 

 

SECOND YEAR

First Semester

 

NO.

COURSE CODE

COURSE TITLE

CREDIT HOURS

1

MBAC 615

Research Seminar II

3

2

MBAC 617

Operations Management

3

3

MBAF 619

International Finance

3

4

MBAF 621

Investment & Portfolio Analysis

3

5

MBAF 623

Financial Risk Management

3

6

MBAF 625

Financial Management of Depository Institutions

3

TOTAL CREDIT

18

 

Second Semester

 

NO.

COURSE CODE

COURSE TITLE

CREDIT HOURS

1

MBAF 626

Monetary Economics    

3

2

MBAF 628

Financial Modeling

3

3

MBAC 632

Long Essay

6

TOTAL CREDIT

12

Total Credits for the Entire Programme is 66 Credit Hours

 COURSE DESCRIPTIONS

MBAC 601 Quantitative Methods

This course provides the fundamental quantitative knowledge necessary for managers to use the results of analyses to enhance the decision-making process.  This course will enhance students' ability to perform the necessary quantitative analyses, understand the usefulness and limitations of the methods and recognize situations where the methods can be applied beneficially, and issues involved when utilizing the results of analyses. The course provides the analytical tools needed for making informed business decisions using data. The focus is on decision making using the tools of mathematics. Topics to be treated will include basic statistical principles such as probability distributions, inferential statistics (sampling), regression analysis, decision trees, utility theory, and simulation.

Reading List

  • Chiang Alpha C. (1984) Fundamental Methods of Mathematical Economics (3rd ed.): U.S.A, McGraw-Hill Publishing Company.
  • Macleod, Stewart, Ferrier, Gordon (2002), Quantitative Methods: U.S.A, Crucial Publishers.
  • Mohammed, Adil Hasan (2000), Quantitative Method for Business and Economics (3rd ed.): U.S.A, L M.E sharp Publishers.
  • Sweeney, Denis J., Anderson, David R., William Thomas A., Camm Jeff D., Martin Kipp R. (2009), Quantitative methods for Business (11th ed.): UK, Cengage Learning.   
  • Waters, Donald, Waters, Donald J. (2008), Quantitative Methods for business (4th ed.): UK Prentice Hall.

MBAC 602 Managerial Economics

This course focuses on the application of economics theory in management analysis and decisions, and their relevance to business decision-making; therefore, it is designed to select the mathematical tools, topics and techniques essential for success in today’s business and economics. Topics covered in the course include: Price Determination in Alternative Market Structures, Demand and Supply Theories, Production and Costs Functions, and Decision-making under Uncertainty using Game Theory from a Business viewpoint.  Other topics covered are Exchange Rates, Interest Rates, Economic Policy, Inflation and International Trade. In addition, the course will provide a basic introduction to econometric analysis and its role in managerial decision-making. 

Reading List

  • Hirschey, Mark (2008), Managerial economics (12th ed.): UK. Cengage Learning.
  • McGuigan J. R., Moyer Charles R., deB, Harris F. H. (2008), Managerial Economics, Applications, Strategy, and Tactics (11th ed.): U.S.A, Thompson South-Western Publishing.
  • Pug, I., Lehman, Dale (2007), Managerial Economic (3rd ed.): New York, Wiley – Blackwell.
  • Webster, Thomas J. (2003), Managerial Economics Theory and Practice, UK, Emerald Group publishers.

MBAC 603 Business Research Methods

The objective of this course is to introduce students to business research methods. It is designed to ensure that students acquire practical research skills, understand the principles of research and also help students to link the research process with theories. Topical areas will include the meaning of research, research problems, types of research, research process and design, choice of research topic, components of research proposal, literature review, research strategies, sampling analysis, data collection, research ethics, data analysis, and report writing. 

Reading List

  • Black, Ken (2009), Business Statistics: Contemporary Decision Making (6th ed.): USA, John Wiley and Sons.
  • Bryman, Alan, Bell, Emma (2007), Business Research Methods (2nd ed.): UK, Oxford University Press.
  •     Lucey T. (1997), Quantitative Techniques, Chicago, ELBS with DP Publication.
  • Vitalis, A., Zepp, K. A. (1989), Business Research and Statistics, USA, API Press.

MBAC 604 Marketing Management

This foundation course in strategy covers a range of Core concepts and analytical techniques relating to competitive advantage in global organizations.  It deals with both classical and contemporary issues of importance such as industry analysis, Core competence of organizations, top management teams and corporate governance, product/market scope decisions, and value chain analysis.  The emphasis is on the application of analytical tools and frameworks to understand complex strategy issues.

Reading List

  • Hollensen, Svend (2010), Marketing Management: A Relationship Approach (2nd ed.): New York, Pearson Education.
  • Kotler, Philip (2000), Marketing Management (10th ed.): India, Prentice Hall.
  • London, David L., Stevens, Robert E., Wrenn, Bruce (2004), Marketing Management Text and cases, London, Routledge
  • Mullins, J., Walken, Orville (2012) Marketing Management: A strategic Decision – Making Approach (8th ed.): USA, McGraw – Hill Companies, Inc.
  • Peter, Paul J., Donnelly, James H. Jr. (2010), Marketing Management (10th ed.): USA, McGraw- Hill Companies, Inc.

MBAC 605 Accounting for Managers

Business managers at various level of management require understanding of financial and management accounting principles for effective discharge of their managerial roles. This course is designed to provide managers with sound understanding of such accounting matters. Financial accounting topics to be covered in the syllabus include the accounting equation, preparation and analysis of financial statement using tools such as ratios. Cost and management accounting topic to be discussed would include costing methods and costing techniques. Planning and cost control aspect of organizations shall be discussed using budgetary controls and variance analysis. Performance measurement and divisional control shall also be discussed.

Reading List

  • Burns, William J. (2005), Accounting for Managers: Text and Case (3rd ed.): USA, Thompson /South –Western.
  • Collier, Paul M. (2012), Accounting for Managers: Interpreting Accounting Information for Decision- Making (4th ed.): USA, John Wiley and Sons
  • Gopal, Rana (2009), Accounting for Managers: USA, New Age International.
  • Webster, William H. (2003), Accounting for Managers: USA, McGraw-Hill Professional.


MBAC 606 Strategic Management

This course explores the issues of defining corporate mission, objectives, and goals. Participants focus on the analysis of the firm's external and internal environment to identify and create competitive advantage in a global context. It emphasizes the cultural, ethical, political, and regulatory issues faces any global business environment and the need for leadership for a successful management of strategic change.

Reading List

  • Dess, Gregory G., Dess, Gregory, Lumpkin, G. T., Eisner, Alan (2009), Strategic Management: Creating Competitive Advantages (5th ed.): USA, McGraw-Hill/Irwin
  • Dobson, P., Starkey, K., Richard, J. (2004), Strategic Management: Issues and Cases (2nd ed.): New York, John Willey and Sons.
  • Hill, Charles W.L., Jones, Gareth, R. (2007), Strategic Management: An Integrated Approach (8th ed.):  UK, Cengage Learning
  • Sadlor, P., Graig, James C. (2003), Strategic Management (2nd ed.): USA, Kogan Page Publishers
  • Thompson, J., Martin, Frank (2010), Strategic Management (6th ed.): Boston, Cengage EMEA


MBAC 607   Financial Management                                                         

Financial management is at the heart of corporate survival and growth. This course shall serve as foundation designed to expose participant to various tools and techniques that management use to arrive at optimum financial decision within an organization. The course shall explore the three aspect of financial management including Working capital management, investment and capital structure decisions. Specific topics in working capital management shall include inventory, receivable, payable and cash management. Investment decisions shall be discussed using capital budgeting techniques such payback period, the NPV and IRR. Capital structure decision will cover issues such as source of finance and their costs.

Reading List

  • Brigham, Eugene F., Ehrhardt, Michael C. (2010), Financial Management Theory and Practice (13th ed.): USA, Cengage leaning.
  • Kahn, M.Y., Jain P. K. (2007), Financial Management: New Delhi, Tata McGraw-Hill Education.
  • Philippatos, George C., Sihler, Willian W. (1987), Financial Management: Tex and Cases: USA, Allyn and Bacon.
  • Rao, Ramesh K. S. (1995), Financial Management: Concepts and Applications (3rd ed.): USA, South- Western College Pub.
  • Shim, Jae K., Siegel, Joel G. (2008), Financial Management (3rd ed.):  USA, Barron’s Educational Series.

MBAC 608 Human Resources Management

This course arises from the observation that human resource management could help create competitive advantages for firms. Concepts and issues examined in this course include those associated with job design, staffing, training and development, group behaviour and teamwork, motivation and job satisfaction.  By the end of this course, you will understand HRM from a strategic perspective and an operational perspective. Strategically, HRM policies and activities are designed to support and reinforce business strategies and objectives. Operationally, HRM is concerned with the design and implementation of procedures to optimize the day-to-day management of people in organizations.

Reading List

  • Armstrong, Michael (2006), A hand book of Human Resource Management Practice (10th ed.): USA, Kogan Page publishers.
  • Bratton, J., Gold, Jeffrey (2001), Human Resource Management: Theory and Practice (2nd ed.): London, Routledge.
  • Mathis, Robert L., Jackson, John H. (2011), Human Resource Management: Essential Perspectives (6th ed.): USA, Cengage leaning.
  • Sims, Ronald R. (2007), Human Resource Management: Contemporary Issues, Challenges, and Opportunities: USA, IAP.
  • Torrington, D., Hall, L., Taylor, Stephen (2008), Human Resource Management (7th ed.): London, Financial Times Prentice Hall.

Reading List

  • Halbert, J., Ingulli, Elaine (2011), Law and Ethics in Business Environment (7th ed.): USA,  Cengage Learning
  • Meiners, Roger E., Ringles A. H., Edward, Francis L. (2011), The Legal Environment of Business (11th ed.): USA, Cengage Learning
  • Miller, Roger L., Cross, Frank B. (2012), The Legal Environment Today: Business in its Ethnical, Regulatory, E – commerce, and Global settings (7th ed.): UK, Cengage Learning.
  • Ringles, Al H., Meiners, Roger E., Edwards, Frances L. (1993), Managing in the Legal Environment (2nd ed.): USA, West Pub. Co.
  • Schaffer, R., Augusti, F., Eanle, Beverley (2008), International and Business Law and it Environment (7th ed.):  USA, Cengage Learning

MBAC 611   Management and Organizational Behaviour

This course examines the range of individual and group behaviour in an organization.  The course will take a functional approach to the study of business management, and will integrate organizational behaviour theories with an understanding of managerial practices.  Students will learn to apply these concepts to organizational settings by the use of examples, case-studies and exercises.  Topics to be covered include: personality and attitudes, perception, motivation in the work setting, group and team behaviour, leadership, interpersonal communication, and organizational design and culture.

Reading List

  • Cook, Curtis W., Hunsaker, Philip L. (2002), Organizational Behaviour and Management (3rd ed.): USA, McGraw-Hill/Irwin.
  • Martin, J., Fellenz, Martin (2010), Organizational Behaviour and Management (4th ed.): New York, Cengage Learning EMEA.
  •  
  • Pierce, Jon L., Gardener, Donald G., Dunham, Randall B. (2001), Management and Organizational Behaviour: An Integrated Perspective: New York, Cengage Learning EMEA.
  • Saha, Jayantee (2009), Management and Organizational Behaviour: India, Excel Books

MBAC 612 Management Information System

This course examines the role of information systems in supporting a wide range of organizational functions. The aim of this course is to enable students to appreciate the opportunities and problems that managers in a wide range of organizations face as they attempt to use these information technology (IT) applications to add value to their businesses. The courses explains basic concepts for IT/IS management discusses organizational, business and strategic issues surrounding IT/IS, and analyze and evaluate uses of strategic IT/IS in practice. Topics to be treated includes; the strategic role of information systems, information systems and organizations, information, management, and decision making, the challenge of information systems, managing data resources, managing international information systems and ethical and social impact of information systems.

Reading List

  • Laudon, Kenneth C., Laudon, Jane P. (2011), Management Information Systems: Managing the Digital Firm: UK, Prentice Hall.
  • O’Brien, James A., Mavakas, George M. (2008), Management Information Systems (8th ed.): U.S.A, McGraw- Hill/Irwin,
  • OZ, Effy (2008), Management Information Systems (6th ed.): U.S.A, Cengage Learning.   
  • Post, Gerald V., Anderson, David Lee (2005), Management Information Systems, (4th ed.): U.S.A, McGraw –Hill /Irwin

MBAC 614 Research Seminar I

This Seminar is compulsory for all students aimed at giving students the opportunity to present their research papers. This Seminar will also expose students to leading experts in the fields of business, academia and public and private sectors.  Thus, it will provide the platform for academic researchers, professional practitioners and students the opportunity to present, exchange views, share findings and discuss new developments and challenges in business.  

Reading List

  • Black, Ken (2009), Business Statistics: Contemporary Decision Making (6th ed.): USA, John Wiley and Sons.
  • Bryman, Alan, Bell, Emma (2007), Business Research Methods (2nd ed.): UK, Oxford University Press.
  • Lucey T. (1997), Quantitative Techniques: USA, ELBS with DP Publication.
  • Vitalis, A., Zepp, K. A. (1989), Business Research and Statistics: USA, API Press.

MBAC 615 Research Seminar II

The objective of this course is to introduce students to business research methods. It is designed to ensure that students acquire practical research skills, understand the principles of research and also help students to link the research process with theories. Students will be exposed to real life situations by inviting professionals in the various business areas or set up where students can interact with them on potential challenges they might face in the business world and help them on how to solve such challenges.

Reading List

  • Black, Ken (2009), Business Statistics: Contemporary Decision Making (6th ed.): USA, John Wiley and Sons.
  • Bryman, Alan, Bell, Emma (2007), Business Research Methods (2nd ed.): UK, Oxford University Press.
  •     Lucey T. (1997), Quantitative Techniques: USA, ELBS with DP Publication.
  • Vitalis, A., Zepp, K. A. (1989), Business Research and Statistics: USA, API Press.

MBAC 617 Operations Management

This course is designed to emphasize the strategic importance of operations management to the overall performance of the enterprise. A functional view of how to manage the activities involved in the process of converting or transforming resources into products or services. Thus, the course examines the concepts for designing, planning and improving manufacturing and service organizations. Topics include; product and process planning and design, forecasting, facility location and layout, production staffing, job design and work measurement, capacity planning, aggregate planning, inventory management, requirements planning, operations scheduling, Just-in-time, and quality assurance.

Reading List

  • Barnes, David (2005), Operations Management: An International Perspective: U.S.A, Cengage Learning EMEA. 
  • Bettley, A., Mayle, D., Tantoush, T. (2005), Operations Management: A Strategic Approach: U.S.A, Sage Publications,
  • Brown, Steve (2001), Operations Management: Policy, Practice and Performance Improvement: USA, Butterworth–Heinemann
  • Stephenson, Williams J. (2009), Operations Management (10th ed.): U.S.A McGraw–Hill/Irwin.
  • Vidler, Chris (2001), Operations Management: U.S.A, Heimann Publishers

MBAF 619 International Finance

This course focuses on international financial management and international trade. Topics in financial management, viewed primarily from the perspective of managers doing business overseas, include the management of foreign exchange exposure, overseas investment decisions, and multinational capital budgeting. Other topics covered include trends in international banking, the balance of payments, the determination of exchange rates, the LDC debt crisis, and world economic crises. We will examine and expose students to the challenges faced by firms doing business in various regions including Western Europe, Eastern Europe, the Far East, North America, South America, Africa, India, and other regions.

Reading List

  • Das, Dilip K. (1993), International Finance: Contemporary Issues, London, Routledge
  • Levi, Maurice D. (2009), International Finance (5th ed.): USA, Taylor & Francis publication.
  • Moosa, Imaad A. (2009), International Finance: An Analytical Approach (3rd ed.): USA, McGraw-Hill Education.
  • Pilbeam, Keith (2006), International Finance (3rd ed.): UK, Palgrave Macmillan.
  • Sercu, Piet (2011), International Finance: Theory into practice: USA, Princeton University Press.

MBAF 621 Investments and Portfolio Analysis

This course is in two distinct parts. The first half of the course examines investment analysis from the standpoint of the individual. Topics include investment alternatives, security markets, trading procedures, bond valuation, stock valuation, and market indices. The second part of the course examines investment portfolio formation, management and evaluation. Topics include efficient markets, portfolio theory, capital market theory, portfolio performance evaluation, and the use of derivative securities.

Reading List

  • Elton, Edwin J., Gruber, Martin J., Brown, Stephen J., Geotzmann, William N. (2009), Modern Portfolio Theory and Investment Analysis (8th ed.): John Wiley & Sons, U.S.A.
  • Levy, Haim and Sarnat Marshall (1972), Investment and Portfolio Analysis: U.S.A Wiley.
  • Moyer R. Charles, McGeehan, James R., Latetlow, William J. (2008), Contemporary Financial Management (11th ed.): London, Cengage Learning.
  • Reilly, Frank K., and Brown, Keith C. (2008), Investment Analysis and Portfolio Management, (9th ed.): London, Cengage Leaning.

MBAF 623 Financial Risk Management

The course looks at tools, tactics, and strategies of risk management. Other topics treated in this course include treasury risk measurement, interest rate risk management, currency risk management, and credit risk management. We will also study value-at-risk approach to integrated risk management, risk management and corporate financing decisions, internal control systems, and accounting/disclosure issues. 

Reading List

  • Allan, Richard, Cossor, Christine (2005), Financial Risk Management: U.S.A, Deakin University Press.
  • Christoffersen, Peter (2011), Elements of Financial Risk Management (2nd ed.): U.S.A, Academic Press.
  • Horcher, Karen A. (2011), Essentials of Financial Risk Management: U.S.A, John Wiley and Sons.
  • Malz, Allan M. (2011), Financial Risk Management: Models, History, and Institutions: U.S.A, John Wiley and Sons.
  • Yap, Voon Choong (2009), Financial Risk Management: Germany, Lambert Academic Publishing.


MBAF 625 Financial Management of Depository Institutions

Depository Institutions operate in an industry in which financial management principles required goes beyond the conventional knowledge needed by the general commercial enterprises. This course is designed to offer participants profound knowledge in such area.  Topics in this course include commercial banks, other depository institutions, asset/liability management, risk management, geographic expansion, investment banking, and public policy issues.  Students will embark on a project for class presentations.

Reading List

  • Gardner, Mona J., Mills, Dixie L., Cooperman Elizabeth S. (2004), Managing Financial Institutions (5th ed.): USA, Thomson/South-Western.
  • Hogan, Warren (2004), Management of Financial Institutions (2nd ed.): Australia, John Wiley and Sons Australia Ltd.
  • Saunders, Anthony (2000), Financial Institutions Management: A modern Perspective (3rd ed.): USA, Irwin/McGraw-Hill
  • Thygerson, Kenneth J. (1995), Management of Financial Institutions: USA, Harper Collins College Publishers.


MBAF 626 Monetary Economics

This course examines the theories and implementation of monetary policy. Topics will include the transmission mechanism of monetary policy, interest rate rules, the credibility of policymakers, exchange rates, inflation, and government budget deficits. Special consideration is given to empirically measuring the impact of money on real economic variables and optimal monetary policy.

Reading List

  • Bain, Keith, Howells, Peter (2009), Monetary Economics: Policy and Its Theoretical Basis (2nd ed.): London, Palgrave MacMillan
  • Carlile, William W. (2010), Monetary Economics: U.S.A, Nabu Press.
  • Honda, Jagdish (2008), Monetary Economics (2nd ed.): U.S.A, Taylor and Francis.
  • McCallum, Bennett T. (1989), Monetary Economics: Theory and Policy: New York, MacMillan.
  • Pierce, David G., Tysome, Peter J. (1985), Monetary Economics: Theories, Evidence, and Policy: U.S.A, Butterworth press.


MBAF 628 Financial Modeling

This course seeks to provide students with practical training on the use of Excel and other software products as financial management tool for making and supporting decisions. Students would be given hands on experience on data formulation, data analysis, interpretation and writing professional reports. The software would be used to  analyse the impact of financial decisions related to financial statement analysis, cash budgeting, capital budgeting, cost of capital and capital structure choices. Other topics such as sensitivity and scenario analysis, optimization methods, Monte Carlo simulation and regression analysis would be discussed.  

Reading List

  • Kienitz, Joerg and Duffy, Daniel J. (2012), Financial Modelling: Theory, Implementation and Practice: U.S.A, John Wiley & sons.
  • Loistl, Otto (2001), Financial Modelling: London, Elserier.
  • Ord, Terry (2007), Financial Modelling with Excel: Principles and Practice: USA, South-Western Publishing Company.
  • Sulock, Joseph M. (1992), Financial Modelling: A Spreadsheet Instructors Guide to Accounting: Canada, John Wiley & Sons.
  • Swan, Jonthan (2008), Practical Financial Modelling: A Guide to Current Practice (2nd ed.): U.S.A, Butterworth –Heinemann.

MBAC 632 Long Essay

Candidates shall take a compulsory 60-page Long Essay.  Every candidate will be assigned a supervisor from the specialized area that will provide guidance in the writing and presentation of the final report. This will constitute six (6) credit hours. 

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