Unfortunately this minor will not take place in the academic year of 2024-2025.
Are you interested to learn more about the funding of companies (debt and equity), how to manage interest rate risk and foreign exchange risk effectively, how to set-up efficient (international) cash management structures and how to deal with different stakeholders, such as banks? If so, this minor Treasury Management would be a perfect match for you!
Treasury management plays an important role in all sorts of companies: multinational as well as small and medium sized companies (SME’s), profit and non-profit organizations and also in bank- and insurance institutions. The expression “Cash is king, profit is an opinion” underpins the need for effective treasury management!
The purpose of this minor is to extend knowledge and skills to students to successfully implement treasury management and financing issues. Real life cases and guest lecturers will be used to evaluate and discuss the different subjects, in order to make the learning environment as realistic as possible.
In view of the fact that Treasury Management’s working language is primarily English, this minor will be taught in the English language.
If you would like to know more, please contact Bastiaan Versteeg, Program coordinator (bastiaan.versteeg@hu.nl).
Admission
Pre-requisite for participating in this minor is 2-3 years’ bachelor level, preferably in Business Economics, Finance & Control or a related field. Genuine enthusiasm in Treasury is also important! If you have any doubts whether you have the knowledge that is prerequisite, please contact Bastiaan Versteeg, program coordinator (bastiaan.versteeg@hu.nl).
The Examination Board determines which minors do not have a higher professional education level and/or have an unacceptable overlap with the compulsory curriculum of your own study programme. Check at the page Not allowed minor courses under your institute which minors are not allowed. This page will be updated from 29 February for the 2024-2025 minor offer.
Content
A broad range of treasury subjects will be discussed during the minor, such as cash- and credit management, corporate finance and FX- and interest rate management. For more details, see Courses section below.
Real life cases and guest lecturers will be used to evaluate and discuss the different subjects, in order to make the learning effect as realistic as possible.
Companies will be involved in the curriculum. Last year, for example, multinational companies such as Avery Dennison, Royal BAM Group, ASM International and Nike played a supportive role in the minor program. We also cooperate with DACT (Dutch Association of Corporate Treasurers), and other business partners like headhunter Treasurer Search.
The minor will start in September 2024 and will cover 2 terms.
Learning objectives
The purpose of this minor is to extend knowledge and skills to students to successfully implement treasury management and financing issues. Real life cases and guest lecturers will be used to evaluate and discuss the different subjects, in order to make the learning effect as realistic as possible.
You will learn about treasury tools, treasury organization and engage in hands-on problem solving of treasury issues and will apply advising skills in different financial environments.
Emphasis is on (strategic) financial analysis, decision making about capital structure, financing instruments like equity and debt, including bank financing as well as (bank)financing issues for (non-)profit organizations.
Courses
The minor Treasury Management contains the following 6 modules:
1. Corporate finance: topics like capital markets, cost of funds, equity & debt, stakeholder management, company valuation and relationship management with banks
2. Cash- and credit management: topics like treasury organization, cash budgets, (mitigation of) credit risks, (international) payments, and netting and pooling structures
3. Accounting and Tax: topics like hedge accounting, reporting, SOX, trusts and tax planning, compliance
4. Insurance, pensions and investments: topics like Enterprise Risk Management and insurance, pension plans, investments and asset management
5. FX- and interest rate management: topics like complex derivate markets for hedging FX and Interest-rate exposures, using top-tier international companies
6. Consultancy Assignment: a multinational company, based in the Netherlands, will provide a consultancy assignment for the students on a trending treasury topic, such as cryptocurrencies and ESG. Each group has to present a full presentation of their solution to the treasury topic to the company’s Treasury Team
Assessment
The different modules will be assessed in different ways. Some will be tested by an individual exam, others by (group) assignments.
Literature
Will be published later.
Schedule
Classes schedule for three days per week, during 2 blocks of 7-10 weeks.
With the exception of the first teaching period of the academic year (starting September), the lesson and test schedules are always posted on Mijn Rooster four weeks before the start of each teaching period. The schedule for the first teaching period of the academic year can be found on the site three weeks before the start. The most up-to-date schedule is always visible on Mijn Rooster.
At HU, full-time education may be scheduled between 08:30 and 19:00.
Additional costs
N/A