Valuation

Develop a practical toolkit to value companies and capital projects, and make investment decisions.

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Programme impact

Learn why value is more than just a price

Do you really know a company's worth? The more quantitative the model, the better the valuation. Take your corporate finance knowledge and insight to the next level.

Good for you
Good for your organisation

Equip yourself with rigorous valuation tools, and learn how to value real investment projects, stocks and bonds, and cross-border investments.
Deepen your knowledge of assets and liabilities, make better financial decisions and discover how to value alternative assets.
Benefit from hands-on technical know-how to calculate the cost of capital, value real assets and think about investment decisions.

Develop an in-depth understanding of capital market behaviour, risk and net present value.
Equip yourself with rigorous valuation tools and learn to make sound judgement calls about the value of your business.
Develop the confidence to lead on restructuring, mergers and acquisitions, financing challenges and opportunities facing your organisation.

Drive the right investment decisions. Gain an in-depth understanding of both your company and your numbers.

Maximise your company’s potential, increasing portfolio returns, identifying the best projects and optimising funding choices.

"This programme is so relevant to anyone looking to make the right decisions at the right time."

Hugo Dias

M&A Analyst, Optima Corporate Finance
Programme: Valuation
Nationality: Portuguese

Right for you

This programme is suitable for professionals making or advising on investment decisions, people in finance roles from any industry with a need to build expertise in valuation, and those responsible for optimising the valuation of their organisation.

of professional experience

on average

industries

on average per cohort

Attendees include:

Analysts.
Consultants and Strategists.
Investors.
Economists.
Lawyers.
Financial Planners and Advisors.
Board members.

11453_EE_Participant data map_update -VAL_768x768

The data above displays the top nationalities and top 10 industries across a three year average of participants on this programme.

Industry of recent participants

Finance 45 %
Energy 9 %
Manufacturing / Chemicals / Commodities 9 %
Consulting 6 %
Consumer goods 6 %
High Tech 6 %
Real Estate 6 %
Corporate 3 %
Education and Training 3 %
Government / Public administration
3 %

The data above displays the top nationalities and top 10 industries across a three year average of participants on this programme.

Programme content

Learn to get valuation right

Enhance your investment decisions by adopting robust valuation models from this intensive and technical programme.

Discover capital budgeting and appraisals, examine the workings of capital markets, and master the principles of capital structure.
Explore a range of valuation tools and techniques, including how to apply cash flow analysis, cost of capital analysis, and risk analysis.
Understand intricacies of illiquidity and optimal financing, including key issues like governance, cross-border transactions and leverage.
Perform valuations on private companies like Google and Nike, using real-world cases. Learn how to put a value on any firm in a global context.

We recommend participants maximise their learning by undertaking an optional pre-programme module on digital finance topics such as time value of money and capital investment appraisal. This will ensure executives have a solid foundation to build upon during the programme.
Work in a group to value a real life company, and embed your new technical skills by presenting your views on the investment decisions it should make.
Use tutor support to dive deeper into theory and debate recent industry changes. Reflect on how to apply your learnings within your organisation.
Discuss, debate and explore key business issues with a diverse group of peers.

Benefit from faculty expertise led by three-time-winner of the Brattle Prize for outstanding corporate finance research, Professor Christopher Hennessy.
Experience both group work and individual study – take time to reflect on your own learning journey.

What is the application process?

You can apply to the programme of your choice online. Acceptance is not automatic and your application will be reviewed by our team of Programme Consultants to ensure the best fit between applicants and programmes. Spaces on our programmes can fill up quickly so we encourage you to apply early and ensure your application is as comprehensive as possible.

Will I have to do any preparation before attending the programme?

You'll receive communication from your Programme Manager around six weeks before starting the programme. The information we send will direct you to our online learning platform which will include the programme timetable, pre-programme reading and preparation work, and an introduction to your fellow participants.

Do I need to obtain a visa if I’m coming from overseas?

Visa requirements vary depending on your nationality and country of residence. We encourage you to use the ‘check if you need a visa’ tool or to consult the UK consulate or embassy in your home country.

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Our Faculty

Experts in the field

Draw inspiration from world-leading academics who blend cutting-edge research with practical insights for a dynamic learning experience.

Christopher Hennessy

Professor of Finance

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Christopher Hennessy

Professor of Finance

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Academic Focus

Professor Chris Hennessy is a three-time winner of the Brattle Prize for outstanding corporate finance research and was named one of four rising stars in financial economics for 2010. He leads the Valuation programme as Academic Director and was formerly Associate Professor and Finance Area Chair at the Walter A Haas School of Business at University of California, Berkeley.

Recent Clients

He has worked with the US Department of Transportation, State of North Carolina and the Generic Pharmaceutical Association.

Experience

Professor Hennessy’s expertise centres on information economics, moral hazard and debt, debt restructuring, tax planning, financing dynamics and credit risk. He connects you to leading financial institutions, as research fellow at the Centre for Economic Policy Research in London and the European Corporate Governance Institute. He recently received a grant from the European Research Council to study the effect of tax changes on corporate financing decisions. Professor Hennessy’s work has been published in the Journal of Finance, Journal of Financial Economics and the Review of Financial Studies. He is editor of the Review of Corporate Finance Studies and associate editor of the Review of Finance, Finance Research Letters, and Management Science.

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;

Anna Pavlova

Professor of Finance

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Anna Pavlova

Professor of Finance

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Academic Focus

Professor Anna Pavlova is Academic Director of the AQR Asset Management Institute at London Business School, a Research Fellow of the Centre for Economic Policy Research in London and a former Director of the European Finance Association. As of December 2018, she was elected a Director of the American Finance Association.

Experience

Professor Pavlova has published in top journals such as the American Economic Review, Journal of Finance, Review of Financial Studies and the Review of Economic Studies. Her recent research focuses on the impact of institutional investors on asset prices, the financialisation of commodities and frictions in international financial markets. She has been awarded an ERC Starting Grant and has received a number of other prestigious awards for her research and teaching.

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Certificate in Finance

This programme can also be taken as part of the Certificate in Finance. Gain the knowledge and tools to build expertise in finance. Customise your learning by selecting four courses from our extensive, world-class portfolio.

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How to apply

Submit your application through our online application form.

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Not ready to apply yet? Reserve a place

When should I apply?

We recommend you apply at least three months before the programme starts to guarantee your place. The application form will take approximately 15 to 30 minutes to complete.
When will I hear back from you?

We’ll acknowledge receipt of your application by email within 48 hours, if it’s received during normal working hours (Mon-Fri – 09:00-18:00 GMT). We will review and respond to your application within two working days. We do this in order of receipt and acceptance is not automatic.
Can I reserve a place?

Yes. We can hold a provisional place for you for up to two weeks, but be aware that completed applications take priority and programmes often fill up several months in advance. You can reserve a place online, by phone or by email.

Tel: +44 (0)20 7000 7051 Email: val@london.edu
What are your language requirements?

The programme is taught in English, so a good working knowledge of the language is essential. If English is not your first language, we may ask you for evidence of your proficiency.
What if I have more questions?

If you have any more questions, please read our FAQs here.

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Fees

The fee for the programme is £8,300.*

The programme fee covers all required study materials, programme activities, as well as refreshments and most meals. It also includes access to a well-appointed gym with a swimming pool. It does not include accommodation.

We offer a 25% discount for London Business School Alumni.

For more information on what the programme fee covers, please speak to our Client Relationship Manager.

*Fees are subject to change.