Asset Management @ Wharton Online

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Asset Management @ Wharton Online is the most innovative certificate program in the field of asset management.

The objective is to allow participants to learn the latest portfolio management techniques and research findings directly from Wharton’s world-renowned faculty members in a 100 percent online format.

The asset management landscape is changing rapidly and continues to be one of the most exciting and growing fields in finance. This program provides a 21st-century baseline set of knowledge for students, employees and employers in three key areas:

Asset Management Fundamentals
Asset Management Products
Asset Allocation

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Enroll before December 21, 2018 and save $400 on program fees

Language
ENGLISH

Next Session
Feb 18, 2019

Duration
18 wks + exam

Price
$2,700

Early Bird Price
$2,300

ENROLL

Program Benefits

Acquire job-ready asset management skills in a 100 percent online format, fully compatible with your work-life needs. And get certified by the prestigious Wharton School to stand out in today’s changing job market.

Program Highlights

Jouer la video

Introduction Video Asset Management @ Wharton Online by Professor van Binsbergen

Asset Management @ Wharton Online comprises three 6-week Online Courses:

1. Asset Management Fundamentals
See detail
2. Asset Management Products
See detail
3. Asset Allocation
See detail

The three courses require approximately 3 – 5 hours of work per week, over the course of five months.

The coursework prepares you for the Asset Management Certificate final exam which can be taken at any Pearson VUE center around the world.

What Students Say

“I enjoyed the program and got a lot out of it. What I found most interesting and useful about the class was getting up to speed on the latest research in the field. I was also able to retune my PM skill set, especially in the area of passive vs. active investing, something particularly relevant for me as I work with index products and clients on a daily basis.”
Vincent Turcotte, Director Intercontinental Exchange, Hong Kong
“This was, without a doubt, the best curated course I could find out there that sets up a framework for anyone to very quickly get the essential knowledge and insights necessary to be an effective asset manager. There is a nice balance between quantitative and qualitative analysis, the case studies were great in helping me apply my learning and the weekly online interactions with faculty members anchor the material to timely developments in the market. Definitely delivers a great return on investment!”
Siew Huey Ko, Singapore
“The content and format of the course are what truly created an exceptional learning experience. I was pleasantly surprised by how interactive the course was and how quickly the professors and the support staff were ready to explain concepts further and share real-world examples and experiences.”
Cory Stavis, Markets Group, USA
“A challenging program that gave me the insights needed to understand the new trends in the asset management industry. Concise and rewarding, it offers access to the latest theory and research on asset management and the opportunity to daily interact with very supportive faculty members.”
Filomena Croft de Moura, Cinveste, Portugal
“The course represents a valuable opportunity to gain a specialization in Asset Management for both professionals and for those who want to get familiar with the financial markets. It provides a sound theoretical and practical framework, based on models and concepts prevalent in the industry. It is a unique opportunity to be part of the Wharton Community and interact with individuals from all around the world. The staff is fully available and provides prompt answers that make the overall experience very efficient.”
“Thank you for for organising the programme, I enjoyed it and really think it was a great balance between high quality content, fun and didactic lessons and appropriate pace. I would highly recommend this to other colleagues.”
Mario Ropero, Senior Equity Research Analyst, Madrid, Spain
“I believe the course is an excellent learning opportunity for both those who want to start exploring the topic of asset management and those who already have financial knowledge. Beginners will benefit from a well structured course that approaches all the main topics while more advanced students can take full advantage of Wharton’s amazing faculty members adding their vast experience to the theory. Therefore, I recommend this course to anyone that’s seriously interested in asset management.”

Course 1: Asset Management Fundamentals

Faculty
Professor Jules van Binsbergen

Objectives
Before looking at products and allocation strategies, it is important to develop an understanding for how the asset management industry works. The goal of this course is for participants to walk away with a firm grasp of the industry’s principles, attributes, players, strategies and regulations.

February 18, 2019 – April 4, 2019

The Asset Management Industry
Key Principles and Attributes of Asset Management
Application of the Asset Management Principles
The Asset Management Environment: Distributor, Custodian, Prime Broker, etc.
Overview of Products and Services Offered by Asset Management Firms

End of Week Discussion: How Important Is Financial Intermediation?

Mean Variance Analysis
Sharpe-Markovitz and Black-Litterman Models
Risk and Expected Return
The Efficient Market Hypothesis for Securities
Net Alpha and Gross Alpha
Beta Pricing Models: CAPM and Multifactor Extensions

End of Week Discussion: Implementing an Efficient Frontier on Excel®

Passive vs. Active Management
Benchmarking an Active Asset Manager’s Performance Against Passive Alternatives
How to Measure Investment Skill
How Much Do Investors Benefits from Investment Skill?
Does Size Erode Performance?

End of Week Discussion: Does Net Alpha Measure Investment Skill?

Governance and Structure of Mutual Funds
The Regulation of Financial Intermediaries
The Investment Company Act of 1940
Fiduciary Duty and Its Practical Implications
Third Party Management
The Basel III and CRD 4 banking regulatory frameworks

End of Week Discussion: What is the Influence of Recent Regulatory Changes on the Asset Management Industry?

Course 2: Asset Management Products

Faculty
Professor David K. Musto

Objectives
This course provides a comprehensive review of asset management products and the key strategies used by professional investors. You will develop an understanding of how equities are managed, how investors position themselves for fluctuations in interest rates, and examine other financial products, including derivatives.

April 5, 2019 – May 16, 2019

Equities
Pure and Enhanced Passive Management
ETFs
CPPI

End of Week Discussion: Establishing a CPPI management on Excel®

Bonds
Duration management
Beyond Duration: Convexity Trading
Bond Portfolio Strategies
Credit Premium and Credit Risk Management

End of Week Discussion: Building Ladders and Barbells with an Excel® Spreadsheet

Real asset investing – Commodity Indices
Money Markets Instruments
Liquidity Pools and Money Funds
Private Equity: Liquidity Premium
Structured Products

End of Week Discussion: Analysis of a Structured Product Term Sheet

Using Options in Asset Management
Allocation Decisions and Performance Enhancement using Options
The Issue of Collateralization of OTC derivatives and its impact on Risk Management

End of Week Discussion: Increasing Performance Using Options Strategies

Course 3: Asset Allocation

Faculty
Professor Chris Geczy

Objectives
With a clear understanding of the asset management’s industry fundamentals and products we are now more equipped to explore asset allocation concepts. The course discusses different portfolio strategies, risk management tools, long term vs. short term considerations and dives into portfolio attribution analysis.

May 17, 2019 – June 30, 2019

The Importance of Asset Pricing in Portfolio Management
Investors’ Portfolio Choice
Institutional vs. Retail Investors

End of Week Discussion: Equilibrium in the Presence of Institutional Investors

Portfolio Choice
Risk Diversification
Asset Liability Management
Short-Term and Long-Term Investing
Delegating Portfolio Management – Hedge Funds and Private Equity

End of Week Discussion: Underfunded Pension Funds in 2017

Adapting Asset Allocation to New Market Realities
Increased Importance of Equity Correlation
Fixed Income Allocation in a Negative Interest Rate World
Including Emerging Stocks, High Yield Bonds, REITS and TIPS in a Modern Asset Allocation
New Allocation Models: Total Return and Income Models

End of Week Discussion: Portfolio Asset Allocation Using Excel® and VBA

Performance Attribution
Portfolio Performance Evaluation Using Value-at-Risk (Reward-To-VaR Ratio)
Single and Multi-Currency Framework
Analyzing Equity Portfolios
Analysing Fixed Income Portfolios

End of Week Discussion: Analyzing Morningstar® Performance Attribution

Certification By The Wharton School

Asset Management @ Wharton Online Certificate Sample

The 2-hour final exam comprises 120 questions. It can be taken in any Pearson VUE testing center available in 150 countries around the world.

Conditions to obtain the certificate are as follows:
active participation in all three courses;
minimum grade of 50% on each case study;
minimum grade of 60% on the final exam.

The final grade is calculated as the weighted average of case studies grades (30%) and final exam grade (70%).

Questions?

email: sales@ff.institute

call:
New York: +1-212-321-7095
Hong Kong: +852 2970 0110
Paris: +33 1 44 53 82 20

The program is open to all! There is no selection or conditions to fulfill. However, like any Wharton School program, it is demanding and will require you to invest some time and efforts.

Beyond the designation-we are believers that “You will only get as much as you put in” to the program.

The program is open to all and there are no specific prerequisites. We will provide some recommended pre-course learning materials for those completely new to asset management.
The program is designed to be challenging but manageable for participants, many of whom are working professionals. We try to make the program as flexible and convenient as possible. Overall the amount of time will vary by student but you should expect to spend three to five hours per week on the program and another 30 hours preparing for the final exam.
Upon successful completion of the program you will receive a bar-coded digital certificate, which you can post on your CV or LinkedIn profile. You will also be able to use this digital certificate to immediately validate your program completion with a current or prospective employer.
Yes, all faculty members in the program also teach on The Wharton School campus.