Dealing with uncertainty in decision making is a critical skill for business managers and leaders. Successful decision makers benefit from an intuitive understanding of concepts such as probabilities, averages and standard deviations as well as correlations, and use complex financial modelling scenarios to reduce uncertainty. In the foundational skills module on "Business Numeracy", students will learn how to connect the seemingly abstract mathematical concepts to decision-making in business.
In the “Financial Modelling” part of the course, students will learn how to build financial models and illustrations in order to develop data-driven answers to real world business situations and to interpret the results in an integrative and critical way. The best decision makers combine their comprehensive conceptual knowledge on how to value firms and other financial assets with their intuitive understanding of how the economic environment affects these valuations and their superb ability to convey their conclusions convincingly.
Karl Schmedders is a Professor of Finance at IMD Lausanne and currently on leave from his position as a Professor of Quantitative Business Administration at the University in Zurich. In addition, he is a Visiting Professor of Executive Education at the Kellogg School of Management, Northwestern University in Evanston, U.S.A. Karl received a Ph.D. in operations research from Stanford University in 1996. His research focuses on data science applications in economics and finance. He applies numerical solution techniques to complex economic and financial models shedding light on relevant practical problems.
Dr. Alexander Gruber is a lecturer at the University of St.Gallen (HSG) and Head of Economic Research & Advisory at Finreon AG, an innovative asset management spin-off from HSG. He furthermore conducts academic research with a particular focus on international macroeconomics, banking, and financial stability and is a regular speaker at academic investor events. Dr. Gruber received his Ph.D. in «Economics & Finance» from HSG and spent one year as a visiting Ph.D. student at Stanford University in the U.S., for which he was awarded a full scholarship. Before, he worked, among others, in investment banking at Rothschild (M&A) and in corporate finance at General Electric.
Note: All information is accurate for the 2019-2020 academic year and is subject to change for future classes