THE MBA INTERNATIONAL FINANCE COURSE

The value of any course comes from analyzing new institutional arrangements, deepening skills, and new conceptual topics. However, whereas the international finance course contributed in all three areas ten to twenty years ago, developments in the MBA curriculum at major schools since then have reduced its value-added. By examining the four key areas of the course – the foreign exchange market, exposure management, funds management, and corporate finance – this paper argues that the topics are now better covered elsewhere, not because they are no longer important but because they have been absorbed into core finance topics, such as financial risk management.