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Adventures in Fixed Income

Posted by: Bahar
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Deriving term structure from short term rates, Vasicek Risk Management, interest rates going negative, CIRR and jumping interest rates, perfect floaters, swaps, swaptions, caps and caplets (evenpiglets if it is Valentine’s Day!). Well it all started with getting in the Fixed Income elective. All of a sudden I found myself in a technically complex course taught by the witty professor Dr Basak. 

The challenging and long assignments were the thoughest part of the course. The course was designed in a genuine way so that classmates who travelled all the way from distant places of the world could really get the most out of their graduate studies. I will always remember with a smile how Dr Basak ambushed people in the MiF Launge or Regent’s Park to check whether they study for his class or how he came across class competition overreaching its limits. Thanks to this class, I learned a lot and got a broader vision about Fixed Income world. Besides being a technically compelling course and it forms a very important part of the whole London Business School experience. Adventures in Fixed Income continues with Adventures in Financial Engineering for the ones who signed up.

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ELECTIVES

Posted by: Bahar

Electives give you the opportunity to tailor your Masters in Finance to your needs and form the most exciting part of the MiF learning experience. The formats are as follows:
1. Regular: 1x 2 hour 45 min class each week over 10 weeks
2. Modular: 2x 2 hour 45 min classes every other week over 10 weeks either on Friday and
Saturday
3. Block Week: 10 x 2 hour 25 min in one week from Monday to Friday and only run in Autumn,
Spring semesters and Easter break

The elective portfolio is London Business School wide and shared between all degree programmes
giving us the chance to mix with a wider range of students and develop our network. There are three concentrations offered to MiF students:
Investments
Quantitative Finance
Corporate Finance

There is no requirement to follow an elective concentration. Most people in our class do to tailor their MiF degrees and some classmates prefer to take a wider range of courses appealing to their interests. There are also a broad range of classes such as Economy, Management and Organizational Sciences and these are not classified under the concentration headlines. Some electives in the Spring Term are prerequisites for the classes in Summer which makes the Spring Term busier since there are not only more number of courses offered during spring but also some of them are core type of electives. You will have the opportunity to select from a wide range of interesting electives at the London Business School and these will help you to build the skills for your future career.

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Sound of Silence

Posted by: Bahar
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It has been a while since I did not post anything in my blog.  Spring term was very busy and intense. I found myself rushing for courses, assignments and the project and then it got harder for me write since time has passed. During spring term, I had 4 courses including some Quant and Corporate Finance Electives; after the end of the spring term I had one block week and hopefully, I will have completed five electives in this semester. This term gave us MiFs more flexibility in terms of selecting the courses more appealing to our interests.  We can take up to 8 electives in the programme, however most of would attend or at least audit a few more if we had more time since  there are many interesting courses. Of course the work load is a major concern here. 3 courses are enough to keep you busy and 4 courses is more challenging.

Another major development for this semester is the changes in the UKBA immigration rules. Tier 1 applications from within the UK were abolished as of April 6th and Post Study Tier 1 stays for another year thanks to the lobbying of London Business School and the Career Services. Post Study Tier 1 gives a major advantage to the students who do not have indefinite leave to stay and work within the UK. Unfortunately, it will close starting from April 2012. More news follow and the school keeps us posted as soon as they hear anything.

 The upside of the Easter Break other than the end of busy term has been the amazing weather. For almost 2 weeks it was almost always sunny and around 18-22 C degrees. We were always out with spring clothes and enjoyed London especially the royal parks to take advantage of the rare sunny weather.  However, all good things come to end. Starting from today, the weather became cooler and is expected to go on like this for some time.

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Some Flashbacks…

Posted by: Bahar

Everywhere is covered with snow which is something I am used to but apparantly not London. Coupled with very frequent tube strikes which made its way to FT and snow storm which caught the city unprepared made the humble public transportation worse than ever. We as MiFs are still very busy and get more busy each week. I turned in 15 group and individual assignments, sat in 2 exams in the past 3 months and am having a block week and 2 finals in a week time…

Anyways, I could not write about the early times of the school and the Programme which was real fun and exciting. I miss these days where the weather was warm, days were much longer and we definitely had much more time to enjoy ourselves. Here are some notes of early days of the Programme that’s worth to mention.

Introduction Day
That is the official kick off of the Masters in Finance at London Business School. We start with photo shoots and refreshments. Presentations from the Dean, Programme Office Faculty and Career Services take place. I meet my fellow class mates. (Oh my God how am I ever going to remember the names?!?) My holiday mood is not yet ready to handle a whole day event. The Programme Office already guessing it give us a break via a game. Still another opportunity to meet my classmates. We have lunch, game ends, some more presentations and we are done for the day…

Away Day
Very fun stuff all day outdoors. It required a lot of jumping and climbing hence I revisited many skills I haven’t used since my gymnastics days that was long ago. Having a beautiful weather and good food we enjoy our day off!

MiF Barbeque:
Nice Venue to get to know your class mates better and enjoy the food. We are again having a sunny day which is great!

Introductory Courses and Career Services
Only introductory courses during the first 2 weeks and Career Services starts to help us in the job search. We re-learn how to prepare CVs cover letters, plan our career strategy. Interesting and helpful stuff, especially in an organised manner like this.
Courses start, followed by assignments, midterms and finals…Hard work is still needed.

Anyways, hopefully we will be done shortly and I am hoping to write more in this space. Until next time peace out!

Bahar

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Break to enjoy!

Posted by: Bahar
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Hi Everyone,

It feels extremely good to have my own blog space after reading the blogs of previous MiF and MBA students for the last few years. I am a full time student now at LBS and more than 2 months have already passed! It has all been business+school since the start in August hence sorry to disappoint my friends who expected me to be a full time party animal…Pace of everything was very fast for me since mid August with moving from Istanbul to London, moving in London twice until securing a longer term flat, having the worst flu ever- believe me it is the effect of London weather:) and then finding myself in the company presentations, struggling with assignments, a midterm and finally a FINAL!

Anyways things are not that bad at all, tonight we have the Sundowners where we will have drinks, chat and fun!! And then we are heading for a Night Out with my study group. This was a long dated plan and I am glad we are realising it in the end. Yeah finally finally a break to enjoy!!

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