Business Administration

This course explores the conceptual and theoretical framework surrounding valuation issues and the practical tools to address such topics in real-life situations. The methodologies for corporate valuation are analyzed and the approaches commonly used by practitioners (financial analysts, investment and merchant banks, consulting firms) are discussed with particular regard to the context and to the purposes of the valuation. Valuation of intangibles assets is analyzed with a focus on brands and copyrights. Students discuss topics including theoretical framework and fundamental skills in company valuation, an overview of valuation methodologies, net asset approach, intangible assets valuation, estimating the cost of capital, relationships between leverage and discount rates, discounted cash flow analysis and APV, comparative valuation: stock market and deal multiples approach, income approach, acquisition value, exchange ratios in mergers, and premiums and discounts in company valuation. Knowledge of basic financial accounting and basic corporate finance is encouraged, but not required, as a prerequisite. 

This course provides an overview of working in the United Kingdom and of the current economic situation in the country. It further discusses how the economic situation affects the workplace, how students can integrate into British working life, and how they can make the most of their internship placements. Topics include current political and economic climate, national legal framework, structure and workflow, integration of immigrants into the workforce, discrimination in the workplace, and comparison between U.K. and U.S. work experiences.