THE GLOBAL EXECUTIVE MASTERS IN FINANCIAL MANAGEMENT


The program that prepares you for the future.


In April 2015, the University of Curaçao will start for the third time an Executive Master Program in Financial Management. The program is very similar to the earlier two executive master programs in financial management that were delivered in conjunction with Erasmus University in the Netherlands. Also, the program is run by the same Academic Director (Prof. dr. Jaap Spronk) and by the same program Director (Drs. Renny Maduro) as the earlier programs.


The official program name is Global Executive Master in Financial Management: GEMFM.The GEMFM is a part-time academic program tailor-made for professionals involved in positions where financial information is crucial to excellent performance. The program combines financial theory with its application in practice.One important difference with the two earlier executive programs is that a broad set of electives is offered to meet the needs of financial institutions and is also very attractive to managers in companies.


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 eye for context and successful action) taking account of the (more general) insights and evidence from the study of finance.


 




MEET OUR FACULTY AND PROGRAM MANAGEMENT

The University of Curaçao 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. Meet some of our faculty below.


Jaap

Prof. Dr. Jaap Spronk


Professor Dr. Jaap (Jacob) Spronk is the Academic Director of a variety of Executive Master of Financial Management programs in Rotterdam, Mexico City, Beirut and Curaçao (the GEMFM program).


Professor Spronk has been a Full Professor of Finance since 1982, first at the Erasmus School of Economics and from 2008 in the Rotterdam School of Management, where he was Academic Dean MBA Programs until recently. In the School of Economics,he served as Vice-Dean International New Business Development from 2003 until 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. Professor Spronk is now Emeritus Professor for both Erasmus Schools (Economics and Management).


Fluent in Dutch, English, French, German and Italian, Professor Spronk has assumed professorships at a range of universities worldwide.He has been a Fellow of the European Institute for Advanced Studies in Management in Brussels, ERIM and Tinbergen Institute. He is frequently invited by schools, universities and conferences around the world, and has been part of numerous selection committees for professorships in the Netherlands, Norway, Sweden, the United Kingdom and the United States. His awards include a Gold Medal of the International Society of Multiple Criteria Decision Making (2002) 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, financial institutions, companies and other institutions. Frequently published in books and journals, Professor Spronk’s current research interests include Financial Management Science and Multidimensional Finance.


Dianne

Drs. Renny Maduro

Director GEMFM, University of Curaçao


Renny Maduro has an MSc in Econometrics from the Erasmus University of Rotterdam. He was employed as a monetary analyst at the Central Bank of the Netherlands Antilles from September 1993 to May 2004. In June 2004 he became an associate professor at the former University of the Netherlands now University of Curaçao. Mr. Maduro is lecturer of economics, statistics and econometrics at mentioned university. Since 1996 he is an independent member of the Social Economic Council, for the Netherlands Antilles and since October 2010 for the Social Economic Council of Curaçao. As of June 2011, Mr. Maduro is also the chairman of the supervisory board of the Central Bank of Curaçao and Sint Maarten.


Abe

Dianne Bevelander


Dianne Bevelander is a Professor of Management Education at RSM, Erasmus University in the Netherlands. She served for many years as the Associate Dean for MBA Programs as well as a Statutory Director of the RSM BV, the company through which Erasmus University offers its MBA programs and executive education portfolio.


Currently, Dianne is leading the drive for women empowerment at the RSM and across the broader Erasmus University. She is the Executive Director of the recently established Erasmus Centre for Women and Organizations (www.rsm.nl/ecwo).


Dianne's primary research interests relate to management education and diversity with a particular emphasis on the career development of professional women. She is on a number of International Educational Boards and is constantly 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.


Karen

Wouter De Maeseneire


Wouter De Maeseneire obtained his PhD from Erasmus University Rotterdam. He has worked as Assistant Professor in Corporate Finance at Erasmus and as Visiting Professor at Vlerick Business School. Currently he is Associate Professor in Corporate Finance at Vlerick and Visiting Professor at Erasmus and Ghent University. He is also Programme Director of the CFA-accredited Master in Financial Management at Vlerick Business School, after having held this role for the Master in General Management.


His work has been presented at several international conferences such as the Financial Management Association and Academy of Management Meeting, Babson Entrepreneurship Conference, Strategic Management Society, Real Options Conference and Midwest Finance Association. Wouter has published in academic journals like Research Policy and the Journal of Business, Finance and Accounting. He has also contributed to various managerial books. Upon completion of his PhD he wrote a book on real options which presents a more accurate valuation methodology capable of capturing the value of management flexibility inherent in risky business projects.

He has been awarded various Best Teacher Awards and won the 2012 EFMD Case Writing Competition, Banking & Finance Category, with his analysis of the AB InBev deal. His research interests include initial public offerings, valuation, real options, private equity and venture capital, mergers and acquisitions, capital structure and financial constraints.

Onno

Onno Steenbeek


Onno Steenbeek (1967) is director of asset and liability management of the All Pensions Group (APG). This department plays a central role in the determination of the financial strategy for associated pension funds which manage a total of more than €300 billion. One day a week Steenbeek is professor of pension fund risk management at the Erasmus School of Economics in Rotterdam.


Apart from lecturing on various finance subjects, he conducts academic research and publishes articles in the investment management field. He was co-editor of a book titled “Costs and Benefits of Collective Pension Systems”. 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

Simon Meijlink


Simon has been an active hedge fund trader for the last 20 years. Initially he ran a USD 2 billion global convertible proprietary trading book after which he started his own hedge fund that mainly traded long/short strategies and derivative arbitrage positions. Currently he is active in venture capital where he specializes in helping and financing new companies in their start-up phase.


Simon is a founding partner of the Oxyor group, Within Oxyor he is one of the key persons for the development of all our simulations. He is our most experienced user of the market and options simulation as well as the pension and insurance simulations. As a trainer he is leading in markets training, ranging from trading in general to portfolio construction. For the past ten years Simon has globally trained and consulted financial institutions ranging from the major investment banks to high net wealth individuals. In total Simon has trained and/or consulted for over 1000 days —ranging from graduates to board members— in derivatives, trading and market knowledge.

Anoop

Anoop Rai


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 centres 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.


Karen

Karen Watkins


Dr. Karen Watkins teaches in the GEMFM Curaçao and is also Academic Director for the Executive Masters in Financial ManagementProgram in Mexico. She is affiliated to the Economics Intelligence Research Center (CIIE), and teaches bachelor and postgraduate economics and finance at UPAEP, 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 Modelling, 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 Executive Masters in Financial Management 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.

Karen

Noemi Tambe

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 Anti Money Laundering (AML) Governance. She also lectures at the Universidad de las Americas Puebla Anti Money Laundering techniques and Governance.


At Barclays Noemi worked in Retail and Investment Management. She built the AML monitoring programme 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 across Spain, France, and Monaco.


Noemi holds a Master’s degree at University College London. She is a university lecturer and her academic interests include Financial Inclusion and models of Terrorism Financing. She is ICA certified and is pursuing her Doctoral Studies in AML and Countering Financing Terrorism (CFT).

WHY CHOOSE GEMFM?

why

 

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 team as well as independent work.


Quality program

The content of the GEMFM program meets the international standards of similar programs at internationally recognized and highly ranking universities and business schools.


The GEMFM program is run by the same Academic Director (Prof. dr. Jaap Spronk) and by the same program Director (Drs. Renny Maduro) as the earlier executive master in financial management programs.


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.


Candidates for participation in this program are submitted to a serious selection process. Only quality of the participants counts; 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 result of this feedback is input for the continuous improvement of the program. The University of Curaçao works together with a network of schools that offer very similar master programs using a quality control system. Starting in the first half of 2015, a team of three internationally respected finance professors will periodically accredit the GEMFM program, helping to ensure optimal quality control of the program.


Financial management for today and tomorrow

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 behaviour.


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 behaviour 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.


Global

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.


Networking

The GEMFM is an executive master’s program for people with work experience, which allows 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.


 

PROGRAM AT A GLANCE

Program at glance

 

In April 2015, the University of Curaçao will start for the third time an executive master program in financial management.


The program is very similar to the earlier two executive master programs in financial management that was delivered in conjunction with Erasmus University in the Netherlands. Also, the program is run by the same Academic Director (Prof. dr. Jaap Spronk) and by the same program Director (Drs. Renny Maduro) as the earlier programs.

The official program name is Global Executive Master in Financial Management: GEMFM. One important improvement is that a broad set of electives (see course list) is offered that meets the needs of financial institutions and is also very attractive to managers in companies.

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 eye for context and successful action) taking account of the (more general) insights and evidence from the study of finance.

 

Objectives of the Program

  • To provide participants with an up-to-date view on both theory and practice.
  • To strengthen the participants' ability to keep pace with future developments.
  • To make participants acquainted and familiar with the most important tools for problem analysis and decision support.
  • To promote a problem-oriented approach to financial management, in which finding an approximate solution to the precise problem is preferred to finding an exact solution to some approximate problem.
  • To promote attention for the international aspects of and contingencies within the financial world.
  • To provide participants with skills for communication within both the national and international financial world, skills for 'getting things done'.
  • To provide participants with an understanding of the legal, social and ethical aspects of financial management.

Structure of the Program

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.


The GEMFM program consists of 16 modules (of which 6 are electives) with highly interactive courses bridging the gap between theory and practice; offeringa multi-dimensional perspective on financial management, and including the option ofan international study trip to New York. At the beginning of the program, the GEMFM offers the option (free for registered participants) to follow one or both oftwo specially designed refresher courses.


Core courses

  1. Introduction to Finance
  2. Computational Finance
  3. Econometrics
  4. Empirical Finance
  5. Portfolio & Market Theory
  6. Fixed Income & Asset Allocation
  7. Corporate Finance
  8. Financial Reporting & Analysis
  9. Introduction to Derivatives
  10. Risk Management

Elective courses

This thirdedition of the Executive Master in Financial Management in Curaçao enjoys a much larger variety of electives as earlier programs as to be able to cater to candidates who want to grow within the financial industry as well as to candidates who are seeking for a broad financial profile to function as financial manager in companies and other organizations.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 a long list of elective courses from three categories:

  1. Corporate financial management (Menu of 9 electives).
  2. Investments & Financial Markets (Menu of 5 electives).
  3. Decision Making, Management, Leadership (Menu of 7 electives).

Session hours:

Classes will be held at the University of Curaçao Campus in Class Rooms designed for Executive Education.

Thursdays: 9:30 am tvo 19:30 pm (one hour lunch)
Fridays: 8:30 am to 19:30 pm (one hour lunch)
Saturdays: 9:00 am to 2:00 pm


Optional Study Trip to New York

The GEMFM program provides the option of a study trip to New York City with visits to financial institutions and meetings with experts in the financial sector.

WHO MUST ATTEND?

Who must attented

 

This third edition of the Executive Master in Financial Management in Curaçao enjoys a much larger variety of electives as earlier programs as to be able to cater to candidates who want to grow within the financial industry as well as to candidates who are seeking for a broad financial profile to function as financial manager in companies and other organizations. 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 Global Executive Masters in Financial Management is operated by the University of Curaçao. The admissions procedure stresses analytical capacity, communication skills (good command of English), as well as motivation and maturity. No formal prior education in finance is required; however a sufficient level of quantitative and analytical ability is necessary for entry to the program. (This is an issue that can be discussed during the admission interview). Registered GEMFM have the option (at no cost) to attend one refreshment course in quantitative methods and another in bookkeeping at the beginning of the program.


This program has been designed for professionals working in/with finance (or aspire to do so), with a balance between Corporate Financial Management, Investments & Financial Markets and Decision Making, Management, Leadership 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.


QUALITY

The GEMFM program is run by the same Academic Director (Prof. dr. Jaap Spronk) and by the same program Director (Drs. Renny Maduro) as the earlier programs.


The University of Curaçao works together with a network of schools that offer very similar master programs (including IESDE in Mexico and ESA in the Middle East). This is reflected in a quality control system (the present 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 first half of 2015, a team of three internationally respected finance professors will bring an accreditation visit to the UoC. 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, and 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 will be submitted to a serious selection process. Although the target number of participants is about twenty, the program may start with a lower number of participants: only quality of the participants counts; 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
  • The University of Curaçao is investing in its facilities, which now includes well-equipped lecture rooms for executive education.

LOCATION


hacienda

The campus of University of Curaçao (www.uoc.cw) is located in the heart of Curaçao, 5 km from Hato International Airport with many convenient connections within the Caribbean, to North America and Europe.


The following websites give a good first impression of this beautiful and fascinating island state:


Map

University of Curaçao
111 Jan Noorduynweg
Willemstad, Curaçao
+599 9 744 2222




 

ABOUT UOC

History of the UoC (Formerly UNA)

The University of the Netherlands Antilles (UNA) was formed by a national decree on the 12th of January 1979 (O.B. 1979 no. 12). The University was established after a number of developments that were very important for this formation. These developments were as follows:

  • The Law College of the Netherlands Antilles, where students were trained to take the LL B Antillean Law exam, was established by a national decree dated October 6, 1970 (O.B. 1970 no. 1130).
  • A degree program Business Administration was started at this College of Law in 1973 after which a name change to College of the Netherlands Antilles followed in 1974 (O.B. 1974 no. 118). This transformation meant that the possibility was opened to follow a full degree program in law in the Netherlands Antilles that could lead to a Master’s exam and also a degree program in Business Administration, leading led to a Bachelor’s.
  • The Department of Business Administration was changed into the Department of Business Administration and Public Administration in 1977, after which students could also obtain a bachelor’s degree in Public Administration.
  • Finally, with the foundation of the UNA in 1979, the Antillean College of Technology, which had been established in 1972, was transformed into the Faculty of Engineering, offering students an education to the level of bachelor.
  • On the 1st of November 2013, by a national decree, UNA's name was changed to University of Curaçao Dr. Moises da Costa Gomez (UoC).

Currently the UoC has five faculties

  • The Faculty of Law, which offers the study Bachelor and Master in Law.
  • The Faculty of Engineering, which offers the bachelor programs Architecture and Civil Engineering, Industrial Engineering, Information Engineering and Electrical Systems. They also offer the following Master programs Construction Management & Engineering and Techno Master in Business Administration (Techno-MBA)
  • The Faculty of Social Sciences and Economics which offers the degree programs Business Administration and Accounting.
  • The Faculty of General Arts, which offers a Bachelor degree and Masters degree teacher training program Papiamento, Dutch, English and Spanish.

The Faculty of Social and Behavioural Sciences, which offers the study Bachelor Social Work.

 

Goals

The UoC strives with all its faculties to achieve its legally defined goals that oblige it to:

  • prepare individuals for posts in society, requiring or benefiting from a higher education;
  • provide insight into the relations between the sciences as well as advancing a sense of societal responsibility.

Aside from education and research the UoC attempts to achieve these goals by:

  • Creating possibilities for research and practical work for students;
  • regularly organizing lectures about societal and scientific issues;

providing or having third parties provide courses for those, who wish to improve themselves by attending higher education.

 

NEWS

GEMFM information sessions in Aruba, Bonaire and Curaçao

 

On 2 and 3 March, information sessions will be organized in Aruba and Curaçao.


ARUBA          

Monday, 2nd March, 7:30 pm

Hosted by: Caribbean Accounting & Tax Consultants
J. E. Irausquin boulevard 20-A,
Oranjestad
Phone (+297) 527 5500

CURAÇAO   
Tuesday, 3rd March, 8:00 pm

Location: University of Curaçao
Aula111 Jan Noorduynweg
Willemstad


Feel free to attend any of these information sessions in which the GEMFM is presented to you and you will have the opportunity of an informal talk with the program director and the academic director of the GEMFM.


Please send an email to r.sairras@uoc.cw detailing which of the sessions you want to attend. (But also feel welcome without sending an email.)


Please follow the links below for more detailed information:

TESTIMONIALS

Priscila

Priscilla Lotman

Operations Manager, Front Shore, Willemstad

Graduate, First Executive Masters in Financial Management Program in Curaçao


"The Executive Masters 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. The program provided me with the right tools and confidence to do so."


Marlene

Marlene La Cruz Maduro

Manager Business Special Loans at RBC Royal Bank NV

Graduate, First Executive Masters in Financial Management Program in Curaçao


"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 at partner school programs in Lebanon, Holland and New York made the program extraordinary. Namely by doing this we could share experience with students from other countries. I do stronglyrecommendthisprogram."

Sami

Sami Fakhoury

CEO Tamweel Capital, Lebanon

Graduate Executive Masters in Financial Management, 2010 (Graduate Partner School)


"The program helped me enhancing 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."

Margarita

Ameer J.J. Hek

Managing Director/Financial Advisor

Orion Analytics, Willemstad Dutch Caribbean

Graduate 2nd Edition of the Executive Masters in Financial Management Program in Curaçao


“I have found what I was looking for; the ability to create, manage and enhance my own wealth and happiness while contributing profoundly, professionally and significantly with valor to economic welfare in the financial sector, namely the domestic investment, commercial & cooperative banking industry.

The second edition of the Executive Masters in Financial Management, offered in Willemstad by Erasmus University in conjunction with UoC, geared me up to be successful in the local community and international financial markets as a financial advisor, trade-vestor and business owner. By enrolling to this program you will embark on an empowering, exciting, profitable and liberating journey full of transformational and illuminating insights that will surely shift your financial market paradigm.

The third edition of the Executive Masters in Financial Management, GEMFM, is customized, interactive, international and combines financial theory with its applications in practice designed so that you can become financially powerful by providing you with a better understanding of underlying structures of —and incorporates a wide range of applied methods in— the science that is Financial Management. The material is covered through collaborative effort of several professors with excellent academic respectability and recognized leaders in their fields of expertise.”

Marlene

Drs. Renny Maduro

Director GEMFM, University of Curaçao

“The GEMFM is a great, world-class program. It offers local participants the opportunity to acquire an international learning experience, crowned by a prestigious executive master’s degree, without having to leave their job and family for a longer stay abroad. The quality of the curriculum, professors and didactics make the GEMFM what it name suggest: A highly appreciated GEM.”

Jaap“You will get a solid foundation in finance, combined with a hands-on managerial way of working.”

Prof. Dr. Jaap Spronk

Academic Director GEMFM, Emeritus Professor of Financial Management Science, Erasmus University, School of Economics & School of Management, RSM. LinkedIn: <jaapspronk>

"Over the last fifty years or so, Financial Management has been affected by internationalization (globalization), deregulation, privatizations, computerization and communication technologies. Financial Management has changed rapidly and continuously, both in theory and in practice.


In the last quarter of the 20th century, the financial world saw an enormous growth in derivative products, both in terms of variety and in terms of market volumes. Financial institutions have learnt to work with often complex financial products. Academia has contributed by developing many pricing models, notably for derivatives. The rapid development of the use of complex financial products has certainly not been without accidents. This has regulators led to demand for more precise (e)valuation and reporting of financial positions. In addition to the analysis of financial risk also the structured management of financial risk has come to the frontline.


The recent financial crises have shown that even the most sophisticated theories are not a guarantee to produce the best outcome. The reason is that financial decisions have to be tackled in dynamic environments where information is not always complete, different stakeholders with possibly conflicting goals and constraints play a role and theoretical optimal solutions are not always feasible and sometimes even counterproductive. Theory (like intuition) is a good servant but often a bad master.


Obviously, financial managers must pay heed to the context and potential impact of their decisions and actions. Context being defined by the environment of your organization, the organization itself and human behaviour, including their own.


Also, financial service providers must think internationally, as national strategies no longer suffice. Successful institutions are those that adopt technologies quickly, provide innovative products and services, and constantly benchmark leading players and new entrants in the financial arena. Financial professionals must therefore grasp both cutting edge financial knowledge and the managerial insights needed to cope successfully with the dynamics of the financial world.


The Global Executive Masters in Financial Management (GEMFM) 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).


As Academic Director of the GEMFM program, I want my students to develop an explorer’s instinct: to cross the frontier of case studies, which teach problem-awareness and -structuring, into the territory of financial theory and empirical finance. The acquired knowledge is used to create a toolbox and a way of thinking which enables the GEMFM student to consider the original problem from a fresh perspective and to generate innovative solutions.


The GEMFM program is challenging and inspiring, as witnessed by our alumni, even years after graduation. Your investment of time and money in the GEMFM is rewarding. The clearly positive return is not limited to what you learn from the program, but includes the invaluable experience of being part of a stimulating class in a stimulating international environment.”


Mauricio

Christelle Abboud

Senior Financial Advisor

Capital Markets


“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 Executive Masters in Financial Management program at ESA, as it proved to be the most appropriate program, taking into consideration the international calibre of the teachers, the meticulously chosen program and modules and, last but not least, the great selection of the participants.


The Executive Masters in Financial Management 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.”

FREQUENTLY ASKED QUESTIONS

1. Is the GEMFM program an MBA?

The Executive Masters in Financial Management (GEMFM) is not an MBA program; it’s a Master in Financial Management.


2. Who grants the qualification?

The official program name is Global Executive Master in Financial Management: GEMFM.This Executive Master Degree is granted by the University of Curaçao. The University of Curaçao works together with a network of schools that offer very similar executive master in financial management programs. This is reflected in a quality control system (the present program is part of a periodic accreditation system). In the first half of 2015, a team of three internationally respected finance professors will bring an accreditation visit to the UoC. These visits will be repeated periodically to ensure optimal quality control of the program.

The abovementioned network of schools will soon create an international alliance of schools that will endorse the GEMFM program and will issue a separate GEMFM diploma.


3. Where do the professors come from?

The University of Curaçao 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. Meet some of our faculty here.


4. Which courses are elective and which ones are compulsory?

The GEMFM program consists of 16 modules (of which 6 are electives) with highly interactive courses bridging the gap between theory and practice; offering a multi-dimensional perspective on financial management, and including the option of an international study trip to New York. At the beginning of the program, the GEMFM offers the option (free for registered participants) to follow one or both of two specially designed refresher courses.

 

  • CORE COURSES

    1. Introduction to Finance
    2. Computational Finance
    3. Econometrics
    4. Empirical Finance
    5. Portfolio & Market Theory
    6. Fixed Income & Asset Allocation
    7. Corporate Finance
    8. Financial Reporting & Analysis
    9. Introduction to Derivatives
    10. Risk Management

    ELECTIVE COURSES

  • This third edition of the Executive Master in Financial Management in Curaçao enjoys a much larger variety of electives as earlier programs as to be able to cater to candidates who want to grow within the financial industry as well as to candidates who are seeking for a broad financial profile to function as financial manager in companies and other organizations.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 a long list of elective courses from three categories:

    1. Corporate financial management (Menu of 9 electives)
    2. Investments & Financial Markets (Menu of 5 electives)
    3. Decision Making, Management, Leadership (Menu of 7 electives)

5. Are there any activities and work beyond the class schedule?

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. Most if not all of the participants do have demanding jobs. However, 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., would arise.


6. When is the start of this edition of the GEMFM?


  • The GEMFM program will start on 06 May 2015 with the introductory module (Prof. Spronk)
  • Apart from the months of July, a Thursday-Saturday module has made planned for every month until September 2016.
  • Graduation is planned in December 2016.


7. What are the next steps?


I. COMPLETE AND SUBMIT THE APPLICATION FORM
For Application Form and Submission, please refer to Ravello Sairras: r.sairras@uoc.cw


II. INTERVIEW WITH PROGRM DIRECTOR AND/OR ACADEMIC DIRECTOR
After receiving the completed application form, the registration office will contact you to arrange an interview with Program Director and/or Academic Director. Based on this interview and the associated advice, you may decide to continue with the application process. In some cases, candidates may be requested to do a GEMFM specific entrance test.


III. DOCUMENTS

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 labour experience of three years.

Contact us



Please do not hesitate to contact us if you have any questions:

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PROGRAM DIRECTOR
Drs. Renny Maduro 
r.maduro@uoc.cw

ACADEMIC DIRECTOR
Prof. Dr. Jaap Spronk
jspronk@rsm.nl
LinkedIn <jaapspronk>


FOR APPLICATION FORM, MAIL THE PROGRAM MANAGER:
Ravello Sairras                                                

r.sairras@uoc.cw

 

© 2015 Jaap Spronk