GLOBAL EXECUTIVE MASTERS IN FINANCIAL MANAGEMENT
The School of Management that thinks and resides in the future.
Instituto de Estudios Superiores en Dirección de Empresas (IESDE, School of Management) has joined the GEMFM GLOBAL INC, a program that has been designed and developed by finance professors with extensive experience in executive education, in close cooperation with financial professionals and educational experts. The Executive Masters in Financial Management program caters for the needs of the ‘new’ financial world by focusing on core capabilities: an international orientation, in-depth financial expertise, and the management skills and analytical abilities essential for a changing environment. The program pays attention to the personal leadership skills of the financial professional, stressing both effectiveness (getting things done) and responsibilities (impact).
The GEM FM Program combines financial theory with its application in practice.
By understanding the theory behind financial tools, the GEMFM Program enables its participants to make better, well-informed decisions to financial problems.
The GEMFM / IESDE Global Executive Masters in Financial Management encompasses an outstanding program to keep track with the latest developments in financial management for either professionals in the field of finance and business and or executives from other areas of expertise.
The Global Executive Masters in Financial Management is offered by IESDE in conjunction with GEMFM Global Inc., and graduates will have access to GEMFM’s global alumni network as well as the extensive IESDE alumni network.
MEET OUR FACULTY
GEMFM and IESDE have assembled an outstanding cohort of global faculty to facilitate your learning. Core faculty members are drawn from different world-class research institutes as well as other leading business schools worldwide, providing a rich plurality of content and perspective. These are some of our faculty members:
Prof. Dr. Jaap (Jacob) Spronk was the Academic Dean MBA Programs at Rotterdam School of Management, Erasmus University Rotterdam. He is also the Academic Director of the GEMFM Programs worldwide and full Professor of Financial Management Science.
As a member of the Faculty of Economics at Erasmus University Rotterdam, Jaap Spronk was full professor of Finance since 1982 to 2015. He served as Vice-Dean International New Business Development from 2003 to 2008; Director of Studies for the Faculty of Economics from 2003 to 2007; Director, Division of Accounting & Finance from 1996 to 2003; and Chair, Department of Finance from 1984 to 2003. He has initiated several important programs for RSM, including an MSc and a One-Year Specialized Executive Master’s degree in Financial Management. He is the co-creator and Academic Director of the GEMFM program and the Executive Master’s in Islamic Financial Management, which reflects one of his current research interests, Islamic Finance.
Fluent in Dutch, English, French, German, and Italian, Professor Spronk has assumed professorships at a variety of foreign universities, such as Bocconi, Helsinki School of Economics, Università degliStudi di Bergamo, and the University of New York at Buffalo. He has been a Fellow of the European Institute for Advanced Studies in Management in Brussels; further he is a fellow at ERIM, Research Program Accounting & Finance, and is a member of numerous advisory boards for global financial institutions such as NYSE/Euronext (Chair of the AEX Index Advisory Committee) and IVI Investors in Ireland and London. He is frequently invited as lecturer for universities and conferences around the world, and has chaired numerous selection committees for professorships in The Netherlands, Sweden, the United Kingdom, and the United States.
His awards include a Gold Medal of the International Society of Multiple Criteria Decision Making (2002), Umbra Erasmi Medal of Erasmus University Rotterdam (1996), and he has been a member of the Royal Dutch Society of Sciences since 1988. Beyond his life in academia, Professor Spronk is often called upon as a consultant for government and industry organizations, banks, and institutional investors.
Frequently published in books and journals, Professor Spronk’s current research interests include Financial Management Science, Performance Evaluation, and Multidimensional Finance in addition to Islamic Finance.
Dianne Bevelander is the Associate Dean, MBA Programs at Rotterdam School of Management, Erasmus University Rotterdam. Dianne has held several successful strategic leadership positions and is currently responsible for a multi-million euro revenue portfolio. Her international experience spans the globe, with successful recruitment initiatives and strategic alliances on every continent. She is a member of the Executive Management Committee of RSM. Dianne teaches personal leadership development at RSM and at various other Business Schools internationally. Primary research interests relate to management education, social network theory and the development of human capital with particular emphasis on the career development of professional women.
Leading through innovation, Dianne designed a Women's only elective at RSM focusing on the empowerment of women aspiring to leadership roles using the mountain (Mt Kilimanjaro) as an outside classroom, and as a metaphor for business. Furthermore, she is on a number of International Educational Boards and is often included in conference organization, keynote addresses, and plenary talks. She has an MBA from the University of Cape Town, South Africa and a PhD from the University of Lulea, Sweden.
Abe de Jong is professor of Corporate Finance and Corporate Governance at Rotterdam School of Management, Erasmus University Rotterdam. His research and teaching interests are in the area of empirical corporate finance and include capital structure choice, dividend policy, risk management, corporate investment and divestment policies, and corporate governance. In addition, his work also examines the history of governance and finance in The Netherlands.
Professor de Jong obtained his PhD in Finance from Tilburg University in 1999.
Onno Steenbeek is a part-time Assistant Professor at the Department of Business Economics, Erasmus School of Economics (ESE). Dr. Steenbeek combines his role at ESE with that of head of the All Pension Group's (APG) Corporate ALM and Risk Policy. APG is the management company of a number of large collective pension plans, with over 200 billion in assets under management and more than 4 million pension fund participants. His department plays a central role in the determination of the financial strategy for associated pension funds. Dr. Steenbeek's research in the field of investment management with a focus on pension fund management has led to a number of articles in academic journals. He recently co-edited a book entitled Costs and Benefits of Collective Pension Systems (Springer). Dr. Steenbeek also manages various research projects on ALM-modelling, pension deals, and longevity. He teaches a range of finance-related subjects at ESE.
Simon Meijlink has been an active hedge fund trader for the last 15 years. Initially he ran a two bio global convertible proprietary trading book after which he started his own hedge fund that mainly runs long/short strategies and derivative arbitrage positions. Next to currently managing the hedge fund, Simon is a founding partner of the Oxyor group, that delivers globally training, consulting, trophy’s, simulations and recruitment services in all areas of investment banking. Furthermore, he is active in venture capital helping and financing new companies in their start up phase. For the past five years Simon has globally trained and consulted financial institutes ranging from the major investment banks to high net wealth individuals. In total, Simon has trained and/or consulted for over 500 days —ranging from graduates to board members— in derivatives, trading and market knowledge.
Professor Rai joined Hofstra University, New York, in 1988 and was promoted to Associate Professor in 1994 and to Full professor in 2001. He was also appointed the Director of the Center for International Financial Services and Markets in 2008.
Professor Rai received his B.A. (Honours) and M.A. in Economics from Delhi University, India, and his M.B.A. from the University of Notre Dame. He earned his Ph.D. in International Business with minors in Finance and Economics at Indiana University.
Before joining the faculty at Hofstra, Dr. Rai taught as an assistant professor at the University of Vermont and a graduate instructor at Indiana University.
Professor Rai’s current research interest centers on international banking and financial markets. His articles have been published in the Journal of Banking and Finance, Journal of International Money and Finance, Journal of Economics and Business, Journal of Futures Markets, Journal of Financial Research Services, Journal of International Financial Markets, Institutions and Money, Financial Management and Journal of Risk and Insurance. He has presented papers at several national and international finance conferences.
He also serves as Associate Editor of the Journal of Multinational Financial Management.
Professor Rai has taught at several other institutions as a visiting or adjunct professor, including at the Rotterdam School of Management, The Netherlands, the University of Catania in Sicily, Italy, New York University and Rutgers University, Singapore. He has also conducted seminars on risk management to bankers from Russia and its newly independent states and the prior Netherlands Antilles.
Dr. Karen Watkins is Academic Director for the GEMFM Mexico Program. She is affiliated to the Economics Intelligence Research Center (CIIE), and teaches bachelor and postgraduate economics and finance at UPAEP University, Mexico. She has promoted fifteen theses in Curaçao, The Netherlands, and Mexico —one of them awarded by IMEF-Deloitte. Karen Watkins is member of the Mexican National Research System (SNI, level I), the EURO Working Group on Financial Modeling, and she is part of the international staff at the Corporate Governance Center, Universidad Católica de Chile. She has been invited several times to teach Corporate Governance, Mergers & Acquisitions, and Empirical Finance at the GEMFM program in Curaçao and the MFM program in The Netherlands.
Dr. Watkins obtained the PhD degree in Finance at Erasmus Research Institute of Management (ERIM), Rotterdam School of Management/Erasmus School of Economics, during May 2007. Her research interests are Corporate Governance and Financial Crises. She has published around twenty five articles in journals such as the International Journal of Corporate Governance, Frontiers in Finance and Economics, Ensayos Revista de Economía (obtaining the Best Paper Award during 2013), and El Trimestre Económico. Dr. Watkins is the author of three books, one published by ERIM and entitled Macroeconomic Crisis and Firm Performance.
Noemi Tambe has been at the sharp end on risk management for over 10 years and has led compliance teams through very challenging times in Barclays Bank. Lately she has been engaged in working as an advisor in the UK to address the issue of proper controls over AML Governance.
At Barclays Noemi worked in Retail and Investment Management. She built the AML monitoring program for Retail Banking and was handpicked to become part of the Regulatory SWAT team following a high profile undercover journalistic investigation that aired on national television. Based on this experience, she then became the Fraud and AML subject matter expert being called in Spain, France, and Monaco.
Noemi holds a Masters degree at University College London. She is a university lecturer and her academic interests include Financial Inclusion and models of Terrorism Financing. She is a member of the International Compliance Association.
WHY CHOOSE GEMFM?
Learning in the GEMFM program is different to traditional university learning. Designed to maximize knowledge sharing, dialogue-driven lessons engage you in cross-cultural discussions with educators and peers. Teaching methods include workshops, case studies, and both team as well as independent work.
The content of the GEMFM program meets the international standards of similar programs at internationally recognized and highly ranking universities and business schools. IESDE School of Management works together with a network of schools that offer very similar master programs.
This program is part of a periodic accreditation system and agreements on exchanges of students and staff between the programs, and a joint alumni group. In the second half of 2016, a team of three internationally respected finance professors will bring an accreditation visit to IESDE. These visits will be repeated periodically to ensure optimal quality control of the program.
Faculty in the program has been carefully selected based on four criteria:
a) Sound academic background
b) Being inspirational teachers
c) Bringing practical relevance
d) Professional delivery
All GEMFM faculty members have been recruited from world-class universities and schools, providing a rich plurality of content and perspective. All faculty members have been selected on basis of their academic background, teaching and mentoring capacity, experience in practice and professional attitude. The group of teachers for this edition of the program comes from a wide array of countries in four different continents.
Candidates for participation in this program are submitted through a serious selection process. Solely the participants qualifications with be taken into account; no compromises will be made in order to have 'a full class'.
The students evaluate every single module of the program, its didactical aspects and the teachers. The results of this feedback is input for the continuous improvement of the program.
After a series of financial crises, the financial world is and should be changing. Simultaneously, it does remain global, dynamic and complex. Therefore, the GEMFM is firmly based on what academia has offered to financial management in the past few decades. But it does so while fully taking account of practice, including the context of financial management and including the role of actual human behavior.
The GEMFM focuses on real financial management problems that have to be investigated and solved. It appreciates the power of academic results, but also pays attention to limitations of these results. It teaches how to look behind the numbers, how to pay attention to the context of financial management (compliance, governance, corporate responsibility) and shows the importance of the behavior of the manager and other stakeholders in the managerial process.
The main topics in the GEMFM are corporate financial management, investments and financial markets. These topics are approached with a multi-dimensional and interactive focus, including topics like leadership and decision making, bridging the gap between theory and practice.
Many executive masters in financial management students take the opportunity to also prepare for the CFA exam during the program.
The group of teachers for this edition of the program comes from a wide array of countries in four different continents.
The GEMFM program includes a study trip to New York City, with visits to financial institutions and other important parties in the financial sector.
Participants of the GEMFM will have the opportunity to exchange with partner schools within the GEMFM network of schools in various places in the world.
The GEMFM is an executive master’s program for working professionals, which allows for networking and high-quality class discussions. Through the international network, participants can also connect to students and alumni of other executive master in financial management programs abroad.
IESDE School of Management also collaborates with Harvard Business School and UPAEP through the Microeconomics of Competitiveness Course (MOC)
PROGRAM AT A GLANCE
The graduates of the Global Executive Master in Financial Management program (GEMFM) are financial experts who are well-equipped to understand and solve a wide range of finance-related issues as encountered in firms, financial institutions and other organizations. The program approaches financial decision making and analysis from a managerial perspective (with an emphasis for context and successful action) taking account of the (more general) insights and evidence from the study of finance.
As a part-time academic program where you can use the knowledge learned immediately on the job, the GEMFM Program includes workshops, business cases, and coverage of both recent and trending news topics.
The foundation of the GEMFM Curriculum comprises : eleven sections delivered by world- reknown and accomplished faculty members; five elective courses (to be coordinated with the class) taught both by GEMFM Global Inc. lecturers and Mexican financial experts, and a professional -practical- thesis.
Stimulating class discussions will be facilitated in order to address topics such as:
A broad set of electives is offered that meets the needs of financial institutions and is also very attractive to managers in companies.
The program is suitable for candidates who want to strengthen their knowledge in finance because they experience this as a necessity in their daily practice (for instance, lawyers, fiscal experts, regulators, etc.).
The participants can choose from an extensive list of elective courses from three categories:
a) Corporate financial management (List of 9 electives).
b) Investments & Financial Markets (List of 5 electives).
c) Decision Making, Management, Leadership (List of 7 electives).
The offer of electives will be coordinated with the class and will include topics in the area of corporate finance - valuation, mergers & acquisitions, new ventures, financing -, as well as investment and financial markets topics - advanced portfolio management, commodities & energy, advanced investment, managing large portfolios, ALM -; some topics will be combined - behavioral finance, corporate governance, performance evaluation, micro-finance, infrastructure finance, financial markets and institutions in Mexico, financial regulation, compliance and appropriate behavior in the financial sector -.
Classes will be held at the IESDE School of Management.
Wednesdays: 14:00 to 20:30 h
Thursdays: 9:00 to 20:30 h
Fridays: 9:00 to 20:30 h
The GEMFM program includes a study trip to New York City with visits to financial institutions and other important parties in the financial sector.
WHO MUST ATTEND?
The GEMFM is a part-time academic program tailor-made for professionals involved in positions where financial information is crucial to excellent performance. Participants should preferably have prior work experience in finance.
The admissions procedure stresses analytical capacity, communication skills (good command of English), as well as motivation and maturity. No formal education in Finance is required; however a high level of quantitative and analytical ability is necessary for entry to the program. GEMFM participants should preferably have work experience in Finance.
This program has been designed for professionals working in/with finance, with a balance between Corporate Finance, Investment, and Financial Markets subjects. As a part-time academic program where you can use the knowledge learned immediately on the job, the GEMFM Program includes workshops, business cases, and coverage of actual topics in the news.
15 Norte 1-A Col. Centro Puebla, Pue. México C.P 72000
Founded in 1993 in Puebla, Mexico, Instituto de Estudios Superiores en Dirección de Empresas (IESDE) is positioning itself as a reference business school in Latin America. Established to develop professional skills among executives and to train top management leaders. IESDE aims to prepare students under an integral scope, and for 20 years has taught more than 2,000 professionals, CEOs, and managers from Puebla and other cities in Mexico.
In 2012, IESDE signed a collaboration agreement with INCAE, the best business school in Latin America (according to América Economía MBA Ranking 2013), with the purpose of writing together case studies on companies from this region.
Read what our past participants have to share.
"The Executive Master in Financial Management Program was truly a career-changer for me. I found my “niche” during one of the exchange programs and I am now continuously working to expand and improve the financial industry in Curaçao through Islamic finance and sustainable and ethical finance. This program provided me with the right tools and confidence to do so."
"I started with the Executive Masters in Financial Management Program in June 2010 and finished in November 2011. It was a great experience to participate in the program. The courses were very interesting and furthermore all professors were very qualified. The fact that we could also follow courses in Lebanon, Holland and New York made the program extraordinary. Namely by doing this we could share experience with students from other countries. I strongly recommend participating in this program."
"The Executive Master in Financial Management program helped me enhance my knowledge in Financial Markets it also gave me the opportunity to meet and benefit from the experience of great professors that are leaders in the Financial Industry. Now I can proudly say that I am a holder of an internationally recognized diploma."
"IESDE is not just a business school specialized in top management, it is a space where entrepreneurs and leaders spend time together, share experiences and learn from each other. IESDE provides the tools that participants need to improve their management and leadership skills enabling them to successfully face the changing global world.
IESDE has an academically prepared faculty with an extensive professional experience which allows very interesting sessions. In conclusion, IESDE transforms lives, both professional and in personal ways."
"The joint venture between the GEMFM Global Inc. and IESDE to launch the Global Executive Masters in Financial Management in Mexico, is a breakthrough: together both institutions are offering a world class program, taught by world class experienced faculty and carefully tailored for finance professionals that need a perfect match between knowledge and practice to add value to their organizations."
"The 18-month part-time Executive Masters in Financial Management is a challenging program. It distinguishes itself by using a PRET approach as well as a multi-dimensional view on financial decision-making. The PRET approach is the combination and integration of problem orientation, decision tools, theory and empirics. This means that you will get a solid foundation in finance, but combined with a hands-on managerial way of working. The setting of the GEMFM, in the very diverse and dynamic environment of RSM cooperating with IESDE, makes it a very rewarding experience. We will be happy to welcome you to the program!"
Consultant for Pricewaterhouse Coopers in Mexico City
"The diversity of the RSM classroom has surpassed my expectations. My classmates are well selected and high-quality professionals, and are keen to participate, which produces a benefit for all of us. Everyone has contributed to the classroom. I find out about other people and their plans; I get new ideas and learn something new every week from the other students as well as the teachers. I’m growing and I love it. I am accustomed to working with Mexicans and Latin Americans, and have worked with Europeans, but had no opportunity to work with Asians or Africans before and knew this would be very enriching for me. I’ve noticed that diversity in the MBA classroom is not only about culture but also career background; we get different points of view from those with a background in marketing or consulting, for example.
Read the complete story here.
"The leadership program really drew me to RSM. I’m not a “finance person”, I'm more on the leadership side of things. What I needed was the foundation of skills across all management disciplines that an MBA gives. Even though I was working hard on stuff I was not familiar with, like finance operations management, I really needed something to motivate me further.
The MBA experience pushes you here to learn to learn, think strategically, to really think by yourself and see everything in a completely different way.
I just questioned everything. The MBA means that you start getting new information and opening your eyes to new stuff that you didn’t know existed."
Read the complete story here.
"As a Senior Financial Consultant, I spent a tremendous amount of time looking for a complete executive program that would add a real value to my career. And today, I consider myself extremely lucky to have selected the The Executive Master in Financial Management program at ESA, as it proved to be the most appropriate program, taking into consideration the international caliber of the teachers, the meticulously chosen program and modules and, last but not least, the great selection of the participants.
This program has helped me refine my general knowledge in Finance and in Business in general. It also helped me acquire new ways of thinking, and new views on global topics. On a personal level, it allowed me to follow a strict discipline while also offering a considerable flexibility and understanding to my professional needs. In addition to that, I would like to highlight that it was very pleasant and helpful to meet interesting people, all very successful in diverse fields, and be able to share experiences and develop new friendships.
I personally highly appreciated the possibility of adding a second degree in investment banking, by only attending a one-week intensive program, and of course, I took the opportunity without even hesitating: the whole trip was very well organized and the professors made it worth every effort.
My experience at ESA was fulfilling on many levels and I would not mind repeating it if I find again, a suitable program that will cater to my aspirations." "
FREQUENTLY ASKED QUESTIONS
The Global Executive Masters in Financial Management (GEMFM) is not an MBA program; it is a Master in Finance.
The official program name is Global Executive Master in Financial Management (GEMFM). This Executive Master Degree is granted by IESDE School of Management. IESDE works together with a network of schools that offer very similar executive master in financial management programs. This network of schools will soon create an international alliance of schools that will endorse the GEMFM program and will issue a separate GEMFM diploma.
IESDE School of Management and its partners have assembled an outstanding cohort of global faculty to facilitate your learning. All GEMFM faculty members have been recruited from world-class universities and schools, providing a rich plurality of content and perspective. All faculty members have been selected on basis of their academic background, teaching and mentoring capacity, experience in practice and professional attitude. Executives and industry experts from oversees as well as Mexico have been invited to discuss pertinent industry developments and current challenges. You can read the profile of some of our faculty members here.
The GEMFM program curriculum consists of an 18-month part-time Master delivered in conjunction with several of the most renowned business schools worldwide. By offering an array of highly interactive courses we bridge the gap between theory and practice; offer a multi-dimensional perspective on Finance, and include an international study trip to important financial institutions and banks.
The participants can choose from a curated list of elective courses from three main categories:
1. Corporate financial management (Roster of 9 electives)
2. Investments & Financial Markets (Roster of 5 electives)
3. Decision Making, Management, Leadership (Roster of 7 electives)
Each subject is covered in three days during the class schedule. In between classes there may be preparatory reading, preparation of papers and preparation of exams. The GEMFM Program Directors do have extensive experience in running this type of programs and will always help the participants to find a good solution in case any conflict of schedule, etc., should arise.
Fill the Application Form. After receiving all documents and application form, the registration office will contact you to arrange an academic interview. The application process has no cost. If you are accepted into the program, after the interview, you will have to pay the inscription fee.
If available, we will appreciate a recent GMAT or GRE score; it is recommended, but not mandatory. The application requirements are: an academic interview; CV/resume; two letters of reference; two photos; statement of purpose; official transcripts of academic records; certified copies of your diploma(s), if the transcript(s) do not indicate the degree(s) earned. All candidates must have a minimum work experience of three years.