Every choice a corporation makes has financial implications. As a result, when defined broadly, every business decision fits under the rubric of corporate finance. In Corporate Finance with Professor Aswath Damodaran, students become familiar with this “big picture” of corporate finance while also learning the intricate theories and techniques that are crucial to maximizing shareholder value.
Over the course of 15 weeks, students will learn about risk, valuation, betas, dividends, and more, along with their real-world applications. The course will teach the reasoning behind major investing, financing, dividend decisions and, most importantly, how corporate finance can be fun.
This course includes a free bonus course for students looking to enhance their accounting skills: Essentials of Financial Accounting taught by NYU Stern Professor Amal Shehata.
NYU’s Learning Experience Design group is a team of educational designers, multimedia specialists, and technologists within NYU's Teaching and Learning with Technology (TLT) organization. TLT collaborates with schools, departments, and instructors to create meaningful, technology-enhanced learning experiences, with an emphasis on connecting the professor with his or her remote learners and fostering a global community of professionals within each course.
Online Learning Terminology
Asynchronous activities are things you do independently, like watch videos and complete assignments, and interactions with others over time via email, discussion forums, collaborative documents, and other channels. The term "synchronous" refers to learning with others in real time using videoconferencing and other technologies. Our online certificate courses are asynchronous with optional synchronous elements.
The term "asynchronous" refers to courses or course elements that can be completed at any time within the parameters of the course schedule.
This course is a non-credit, pass/fail program. To pass this course, you will need a cumulative score of at least 55%. Upon successful completion of this course, participants will receive the NYU Stern Certificate in Corporate Finance.
Corporate Finance TheoryEstablish a foundation of knowledge in central corporate finance theories.
Real-World ApplicationLearn to apply, in real-world situations, the techniques that have been developed in corporate finance.
Comprehensive PerspectiveBecome familiar with the "big picture" of corporate finance and understand how the pieces of the financial puzzle fit together.
Who Should Attend
Although there are no formal education or background requirements, this course is designed for participants who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.
Years of ExperienceParticipants with all levels of work experience are welcome to attend
Job FunctionsIdeal for analysts, financial officers, and portfolio managers
PrerequisitesIntended for individuals with knowledge of financial statement analysis, basic statistics, time value of money, and Microsoft Excel; additionally, students must have a desktop or laptop computer with an internet connection
The following agenda is a sample and subject to change.
- In order to access the course, you will receive login credentials via email on the start date of the course. Activation instructions for your login credentials will be provided.
Live Online Meetups with Faculty
- Our live online meetups provide you with the opportunity to engage face-to-face with Professor Damodaran. Please note that all online meetups are recorded and available for your viewing at a later time. Missing a meetup will not impact your grade, however we recommend attending all sessions.
- Please expect to invest about 10 to 12 hours of your time per week to course lessons, exercises, and assignments.
Week 1: September 8th
- What is Corporate Finance?
- The Objective: Utopia and Let Down
- The Objective: Reality and Reaction
- Define and Measure Risk
- The Risk Free Rate
- Equity Risk Premiums
Week 2: September 14th
- Country Risk Premiums
- Regression Betas
- Beta Fundamentals
- Live Online Meetup 1: Thursday, September 17th 12:00 - 1:00 PM ET
Week 3: September 21st
- Bottom-up Betas
- The "Right" Beta
- Debt: Measure and Cost
- Quiz 1: Friday, September 25th
Week 4: September 28th
- Financing Weights
- Earnings and Cash Flows
Week 5: October 5th
- Time Weighting Cash Flows
- Loose Ends
- The Trade Off
- Live Online Meetup 2: Thursday, October 8th 12:00 - 1:00 PM ET
Week 6: October 12th
- The Cost of Capital: Approach
- The Cost of Capital: Follow Up
- Quiz 2: Friday, October 16th
Week 7: October 19th
- The Cost of Capital: Wrap-Up
- Alternative Approaches
- Moving to the Optimal
- The Right Financing
Week 8: October 26th
- Trends and Measures
- The Trade Off
- Live Online Meetup 3: Thursday, October 29th 12:00 - 1:00 PM ET
- Quiz 3: Friday, October 30th
Week 9: November 2nd
- Action and Follow Up
- The End Game
Week 10: November 9th
- First Steps
- Cash Flows
Week 11: November 16th
- Terminal Value
- Live Online Meetup 4: Thursday, November 19th 12:00 - 1:00 PM ET
Week 12: November 23rd
- To Value Per Share
- Value of Control
Week 13: November 30th
- Relative Valuation
- Final Thoughts
Week 14: December 7th
- Live Online Meetup 5: Wednesday, December 9th: 12:00 - 1:00 PM ET
- Final Exam: Friday, December 11th
Week 15: December 14th
- Live Online Meetup 6: Tuesday, December 15th: 12:00 - 1:00 PM ET
- Final Project: Friday, December 21st
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