INTERNATIONAL PROGRAM

Master Degree Program

The International Program at CMMU aims to develop organizational leaders with up-to-date knowledge and skills in management to deal with dynamic global changes through a combination of relevant research and practical learning.

CORPORATE FINANCE (CF)

Fundamental knowledge in financial management is vital for successfully running any corporation. CMMU’s Corporate Finance (CF) program responds to opportunities and challenges of the exciting and complex world of finance in a new era of globalization. The changing global context of the 2020s is demanding higher levels of profound expertise for corporate financial managers in Thailand and the Asia-Pacific Region. Financing a corporation is the pre-requisite of all its business activities. Managing new strategies for increasing the rate of return of investments (assets), and for being aware of the cost of capital of all financing decisions, is taking on major importance. This equally applies in Thailand, where expertise in financial management in the corporate and public sectors needs to be strengthened. Furthermore, modern financial tools such as derivatives and cryptocurrency are increasingly causing decisions to be made swiftly without the luxury of errors.

WHO SHOULD TAKE THIS SPECIALIZATION?

The aim of this program is to train students for a role of financial manager, financial specialist, CFO, or a top executive who needs to make, implement, and monitor financial decisions. The program would be ideal for any applicants who would like to pursue a career in financial management, but it is also designed for all corporate managers who need more knowledge of the financial processes in their firm. Backgrounds in accounting are not required, as CMMU provides basic financial accounting courses as well as advanced management accounting classes. Quantitative analysis with the use of appropriate software would be incorporated in your learning experiences. Note that there is no need for a strong mathematical background to study in the program.

CAREER OPPORTUNITIES

  • Finance manager
  • Top executive who needs to make financial decisions
  • Financial Specialist
  • Chief Financial Officer (CFO)
  • All corporate managers and entrepreneurs who need more practical knowledge of corporate financial processes
  • Credit officer or Loan officer

Contact and Enquiries

CMMU regular business hours
  • Open 10.00 - 18.00 Weekday
  • Open 08.30 - 16.30 Weekend
Tel: (66) 02 206 2000 Ext.3204, 3209
email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Testimonial

Janie Ratipan
Online Study @ CMMU

Matthias Roeder
Exchange student
Technology U. of Applied Sciences

Sathunatorn Kotevichay
Project Financial Manager
HKL Noble (Wireless) Co., Ltd

Sasiyakarn Chanttasahawat
Sales & Marketing Executive
Formko Garment Co., LTD

  • Curriculum Structure

    Plan A
    Thesis Plan
    Plan B
    Thematic Plan
    1. Pre-Courses None Credit None Credit
    2. Required Courses 21 Credits 21 Credits
    3. Elective Courses 9 Credits 18 Credits
    4. Thesis 15 Credits -
    5. Thematic Paper - 6 Credits
    Total Credit 45 Credits 45 Credits
    Required Courses (21 Credits)
    • Strategic Marketing Management
    • Financial Management
    • Asian Economy in the Global Context
    • Managing People in Organizations
    • Managing Business Information and Emerging Technologies
    • Strategic Management
    • Decision Skills (for thematic paper track only)
    • Business and Management Research (for thesis track only)

    Elective Courses

    Plan A: Thesis Plan (Total 9 Credits)
    3 Required Elective Courses
    • Financial Planning, Strategy and Value Creation
    • Investment Management
    • Quantitative Methods in Finance

    Thesis (Total 15 Credits)

    Plan B: Thematic Plan (Total 18 Credits)
    6 specialization courses
    • Financial Planning, Strategy and Value Creation
    • Quantitative Methods in Finance
    • Investment Management
    • Management Accounting
    • Mergers and Acquisitions
    • International Finance
    Consulting Practice Topics (Total 6 Credits)
    • Cryptocurrencies and Decentralized Finance
    • Derivatives and Risk Management
    • Valuation Methods
    • Valuation Report
  • Course Description

    • Strategic Marketing Management

      Marketing, strategic analysis of markets, market research, consumer behavior, customer relationship management, corporate social responsibility, ethics, retailing, logistics, distribution channels, branding, advertising, events, public relations, omni channel and digital marketing, pricing, promotion, environment scanning, competitor analysis, new product development, product adoption, direct marketing, sales force

      Strategic Management

      Strategic management process, company stakeholder and policy, external environment analysis, Internal environment analysis, building competition advantage through function-level strategies, department strategy, competition and industry environment strategy, world environment strategy, organization strategy, vertical integration, diversification and strategic alliances, development, building and restructuring the corporation, designing organization structure, strategic control system design, matching structure & control to strategy, application of strategic change and case study analysis, Integration and of multidisciplinary knowledge

      Asian Economy in Global Context

      Microeconomics, demand and supply, elasticity, government policies, production and output, costs, perfect competition market, monopoly, monopolistic competition, oligopoly, game theory, market failures. Macroeconomic, measuring GDP, economic growth, inflation, unemployment, monetary policy, fiscal policy, business cycle, international trade, and international finance, the examples and cases of real situations happened in Asian economies

      Financial Management

      An overview of the financial management framework of a corporation; financial statement analysis; ethics of financial management; financial planning and forecasting financial statements; working capital management; time value of money; investment decision-making; interest rates and bond valuation; risk, return and the capital asset pricing model; cost of capital; valuation of stocks and firms; capital structure decision-making; distributions to shareholders; cash flow estimation and risk analysis; multinational financial management

      Decision Skills

      Frameworks for effective management decision-making, models and tools for decision makers, use of information for decision making, cultural, organizational, research skills for managers, psychological and ethical factors affecting business decisions

      Managing People in Organizations

      Individual behavior, personality type, values, attitudes and job satisfaction, role of motivation and performance, group behavior, emotional intelligence, communication and decision making, leadership, power and politics, organization structure, organization design, ethics and social responsibility, corporate culture and environment, cross-cultural management, planning and goal setting, organizational development and change

      Managing Business Information and Emerging Technologies

      Information systems from the business viewpoint; understanding of its business activities and information requirement, emerging technology, application systems to support stakeholders needs and enhance business value, information systems development, evaluation and selection

      Business and Management Research (Thesis Plan only)

      The basic structure of a research, the interdependence between research objective, research framework (in terms of variables studied and related hypothesis), and research methodology (in terms of methods of data collection, data measurement and data analysis). Sampling design, questionnaire design, interview, and experiment, Management and analysis for quantitative or qualitative data at basic and intermediate levels
    • Financial Planning, Strategy and Value Creation

      Financial value creation policies (enhance a corporate’s valuation) in these fields of financial planning and strategy, based on real-world cases: balance sheet; income statement; cash flow statement; capital budgeting; risk management; long-term financial planning and forecasting; raising capital; equity versus debt financing; preferred stock and hybrid securities; dividend policy; earnings per share evaluation; leasing; financial planning and strategy in multi-business companies; international financial planning strategies

      Investment Management

      Principles of investment; the various kinds of financial instruments and their return distribution; the security markets and indexes; investment returns and risks; equity and fixed-income securities: characteristics and markets; modern portfolio theories; mean-variance efficient portfolios; the efficient market hypothesis; managing bond portfolios; the term-structure of interest rates; measuring and managing interest rate risk; investment risk management; derivatives; pricing of forwards, futures and options; measuring portfolio performance; mutual funds and ETF's; asset management; investment policy statements; asset allocation

      Quantitative Methods in Finance

      Statistical concepts and market returns; probability concepts; common probability distributions; sampling and estimation; hypothesis testing; correlation and regression; multiple regression and issues in regression analysis; probit and logit models; timeseries analysis; time-varying volatility models (GARCH); introduction to machine learning; empirical research in finance; mean-variance analysis and portfolio optimization; software for statistical and quantitative analysis

      Mergers and Acquisitions

      Objectives, events, and benefits of M&As; methodologies in M&As; how to value the intrinsic value of corporations after they have been merged or acquired, valuation methods, the M&A financing decision and tax-related effects, accounting-related effects and laws; M&A strategies and financial instruments, defensive strategies and case studies of successful and unsuccessful M&As

      International Finance

      International financial management; capital flows between countries; international financial markets; foreign exchange rates; foreign exchange market instruments; arbitraging on foreign exchange currencies; the relationship between countries’ inflation rates, interest rates and exchange rates; future exchange rates forecasting and managing any potential loss from foreign exchange risk exposure; financing short-term funds; international cash management; international capital structure and cost of capital; foreign direct investments; country risk analysis; international banking issues; modern international financial tools such as digital currency (cryptocurrency)

      Management Accounting

      Management accounting concepts and principles & cost behavior; accumulating and assigning costs to products: job order cost accounting & process cost accounting; financial control: cost allocation & activity-based cost systems & performance measurement; using costs in decision-making: cost-volume-profit analysis; using budgets for planning and coordination: master budgets and planning & flexible budgets and standard costs & managerial decision-making
  • Graduation Requirements

    Students who have satisfied the general requirements for admission or successfully transferred from Conditional Status will be admitted as Graduate Students. Successful completion of the Master's Program requires students to meet quality standards set by the College.

    • *Students must maintain status as active students during each trimester of study until graduation. Active status requires registration for a minimum of three (3) credit hours in a trimester.
    • Students must earn an overall GPA of at least 3.0 in their Master's degree program.
    • Students must pass a Written Comprehensive Examination to demonstrate their mastery of core material in the CMMU management curriculum.
    • All students must demonstrate English proficiency prior to graduation: TOEFL ITP score of 520 which Is equivalent to TOEFL IBT 68, IELTS 5.0, or MU GRAD TEST 70.

New Course Offering

Course Descriptions
Students will learn the basics of cryptocurrencies, Bitcoin, smart contracts, the Ethereum blockchain, decentralized applications (dApp's), and decentralized finance (DeFi).

Further, financial valuation tools (DCF) to value dApp's that generate profits for the protocol owners, such as Curve, AAVE, Yearn Finance, and GMX will be applied.

This course will help you to assess the various threats and opportunities for the traditional financial system that arise from the use of new financial technologies.

Fee Structure

Item Enrollment Term 1 Term 2 Term 3 Term 4 Term 5 Total
1. Matriculation - 35,000 35,000 35,000 35,000 35,000 175,000
2. Entrance Fee 38,000 - - - - - 38,000
3. Tuition Fee1 - 43,200 43,200 43,200 43,200 43,200 216,200
Total Academic Expenses 38,000 78,200 78,200 78,200 78,200 78,200 429,000

Remark
1. All students are required to achieve at least 45 credits. The fee (excludes textbooks) of 216,000 THB (4,800 THB/credit x 45 credits) charged for the Master of Management (International Program) is considered a "total program fee".

Download
Fee Structure Document

Note: This information will be changed without further notice. Please keep in contact with Academic Affairs to confirm this document

Double Degree Options

Macquarie University
Australia

Dual Degree Option
Master of Commerce

Tuition Fee

  • 1st Degree 429,000 Thai Baht
  • 2nd Degree 39,200 Australian Dollars (minus 10,000 AUD scholarship)

Program Details

After completing their required coursework at CMMU, CF students have the opportunity to study 1 year at Macquarie University, Sydney, Australia. They will receive a Masters of Management from CMMU and a Masters of Commerce with a specialization in Finance from Macquarie University. A partial scholarship is available from Macquarie University for this program.

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Program Requirements

  • English Requirement:
    TOEFL ITP 580 or IELTS 6.5
  • Study Period:
    CMMU required coursework and 1 year at Macquarie University (start in February or July)
  • Condition:
    Defend thematic paper after returning to CMMU in order to graduate from CMMU
  • Degrees Granted:
    Master of Management & Master of Commerce

Frequently Asked Questions (FAQs)

Why choose the International Program at CMMU?
  • We keep class size small to allow for interaction and practical learning activities
  • We offer flexible study times (evenings and weekends)
  • We provide study abroad opportunities at more than 30 partner universities worldwide
  • We offer double degree and dual degree options in France and Australia
What are the advantages of studying in the International Program at CMMU?
In a nutshell:
  • Practice English, the global language of business, science and culture, while studying business. Five semesters of everyday exposure means, your English ability will improve quickly.
  • Improve your job opportunities with multinational companies. It is increasingly common for MNCs to replace expats with locals. A diploma from the International Program signals that you have an international mindset and English proficiency.
  • Improve your job opportunities with Thai companies seeking to expand abroad.
  • Share classes and make friends with our many exchange students. In many of the elective courses, a third of the students are from abroad, leading to a stimulating, multi-cultural classroom environment.
  • Have the experience of a lifetime studying abroad for one or two semesters at one of our nearly 40 partner schools around the world.
  • Earn a dual degree with our affiliated schools: With one or two semesters abroad, you can earn a second Master’s degree from three prestigious universities: UTS (Australia), Macquarie University (Australia), and Toulouse University (France).
  • Have a chance to attend a business project competition with our company partners such as Unilever and have an opportunity to work with them as a management trainee.
  • Our international team of faculty members come from a variety of countries such as Austria, Belgium, Germany, the Netherlands, Thailand and the U.S. They have PhD degrees from well-known universities in Europe, the US and Australia, and actively publish in high-quality journals. Many have also taught at foreign universities and have industry experience.
  • For those of you considering further studies or working abroad in the future, having a diploma from an English-language program improves your chance of admission.
I intend to work for a Thai company serving mainly the Thai market after graduation. Do I lose anything in terms of learning how to do business in Thailand if I study in the International Program?
No. Even though the language of instruction is English, our faculty use a mix of local and international examples. Using Thai examples can be useful to make the class topics more relevant. It should be said, however, that most of the frameworks, theories and best practices of business are universal. Our primary goal is to change the way you think and how you approach business problems, not to teach you details of the local market. There are also situations where international examples are preferable, for instance, to illustrate cutting edge management thinking from innovative companies around the world.
I’m not sure if my English is good enough. Will I have a problem doing the course work?

As part of our admissions process, you will take a language test and also come for a face to face admissions interview. We are not looking for perfect English but we want to ensure that English will not be an obstacle to your successful completion of the program. If we think that your level of English is not sufficient we will recommend that you take English classes.

Which should I choose: CI, IS, CP/Thematic Paper or Thesis?
Independent Study (IS)
Can be a study of a specific company or case, or it can be broader, such as exploring a business opportunity or trying to understand motivations or satisfaction.

Each of these options (CP, CI, IS) add up to six credits, whereas a thesis is 15 credits, and is expected to be a more comprehensive project.

Thesis

A thesis requires a literature review of past relevant work, and then original research is conducted by the student and presented to an academic committee. Anyone potentially interested in Ph.D. study should consider either the IS or thesis option. Students with a full scholarship are required to write a thesis.

When can I consider going on exchange at one of CMMU’s partner universities?

Students should pass the comprehensive exam before they consider going on an exchange program. The best time for exchange would be term 4 or term 5.

My job does not allow me to go on exchange abroad for a full term. Are there any short-term exchange opportunities?

Yes. Several of our partner universities offer short-term exchange opportunities for one week, or two weeks, or 1 month. CMMU also offers an international study trip as part of a CP Course on International Business

Why a double degree?
  1. Earn two degrees.
  2. Get a competitive edge and a better job when you graduate
  3. Obtain two degrees in only 5 terms (depending on the institution)
  4. Study in an international environment that will provide you the soft skills you need to boost your career
  5. Enjoy studying and living in a different environment.

For more information

Contact Our Educator

10th Floor MU Building
69 Vipawadee Rangsit Road
Samsennai, Phayathai District,
Bangkok, Thailand 10400

Tel: (66) 02 206 2000
Ext.: 3201 - 3208
email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Variya Yimsuwan (Bow)
EDUCATOR

CONTACT EDUCATOR

If you have further questions or need advice about the academic program, course, study time or etc., Please contact your educator directly

The office hours are as follows:
  • Monday to Friday 10.00 - 18.00 hrs.
  • Saturday - Sunday 8.30 - 16.30 hrs.
  • 02 206 2000 ext. 3209

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  • The office of educators is located on the 10th Floor.

Contact

69 Vipawadee Rangsit Road
Samsennai, Phayathai District,
Bangkok, Thailand 10400
  • 662 206 2000
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