Global Seminar: London Finance Seminar (London, England)
Dates / Deadlines:
App Review Begins
** For most programs, applications are reviewed on a rolling admissions basis (starting August 1st for Spring programs and starting January 15th for Summer and Fall programs). NOTE: Applications for programs offering exchange positions will be reviewed AFTER the application deadline.
If you missed the interest meeting for this program you can view the power point here.
Attend lectures presented by executives, economists, officials from financial and governmental organizations, and business journalists
Take advantage of access to numerous financial and business institutions in London on program site visits
Enjoy a four-day field trip to Paris
Popular and competitive program; applicants encouraged to apply in October or November (program usually fills by end of fall semester)
For 5 weeks, you will have the unique opportunity to live, study, and conduct research in London, indisputably one of the world's principal international financial centers. Through this seminar, you will come to understand and appreciate the international importance and wide diversity of financial markets and institutions in the city of London. Notable statistics about London's preeminence include:
the world's largest international banking center
the world's largest foreign exchange market in the world
over 500 foreign banks, including more than 50 from the United States
the world's largest international banking center
375 of the world's top 500 companies
the world's largest market for interest rate and currency swaps
the world's principal market for Eurocurrency and Eurobond transactions
the location of more foreign equity transactions than any other stock exchange in the world
major international markets in insurance, equities, shipping, commodities, communications, and financial services
You will also discover that London is not only a world center of international finance but also a leading cultural center, with 52 theatres, 8 concert halls, 2 opera houses, and scores of museums. All evenings and weekends on the program are free, allowing you ample time to explore London and its surrounding area on your own.
The program also includes a four-day field trip to Paris to expose students to a larger, more comprehensive view of European economic integration, regional financial market conditions, and differences among business cultures.
The seminar covers the following major areas: political and economic conditions for doing business in London and Europe, major international financial markets, and financial institutions in London and Europe. The seminar also concentrates on the integration of the European community and the financial, business, and political consequences of this integration on Europe, the United States, and the rest of the world.
The seminar consists of approximately 25 lecture and discussion sessions and visits to major financial and political institutions in London. Executives, economists, other officials from financial and governmental organizations, and business journalists present lectures on their areas of expertise, providing students with the unique experience of learning from "real world" practitioners.
The program's focus makes it appropriate for any advanced undergraduate or graduate student in finance, international business, economics, business journalism, political science, or international affairs, or practicing professionals interested in learning more about the business and political environment in Europe. The program is limited to 24 participants in order to make it a genuinely interactive seminar.
The seminar schedule consists of two or three 90-minute lecture-discussion sessions each class day. Program speakers make presentations of approximately 45 minutes to an hour, leaving substantial time for questions and discussion. Field trips are also planned each week.
Under the directorship of Professor Michael Palmer, leading authorities from London and Europe conduct the day to day seminar. The following speaker list, respective topics, and field trips from the previous programs indicate both the quality and timeliness of the program. Future programs will be substantially the same.
Overview of Economic Conditions in Western Europe- James Stewart, Chief Economist, Weavering Capital
British Politics- Roger Eatwell, Senior Lecturer, University of Bath
Consumer Trends and Issues in the UK and Europe- Phil Evans, Head of Policy Research, The Consumers' Association
The UK in Europe- Richard Jeffrey, Group Economist, CCF Charterhouse PLC
Small Business in the UK-Stephen Alambritis, Head of Parliamentary Affairs, Federation of Small Businesses
Labor Market Issues in Europe- David Smith, Economics Editor, The Sunday Times
Economic Issues in Central and East Europe- Richard Conquest, Chief Economist, Weavering Capital
The UK Economy- Martin Holmes, Senior Research Fellow, Oxford University
World Economic Growth Issues- Gabriel Stein, Director and Chief Economist, Lombard Street Research
Global Investing Issues- Jeremy Batstone, Senior Investment Analyst NatWest Stockbrokers
Hedge Funds-Stanley Fink, Chief Economist, The Mann Group
Economic Reform in Europe-Alison Cottrell, Office of EU - US Relations, HM Treasury
Mortgage Markets in the U.K. and Europe-Adrian Coles, Director General, Building Societies Association
The Single European Currency-Alex Brummer, Financial Editor, The Mail and Mail on Sunday
The Euro and the U.K.-William Mason, Executive Director, British Bankers Association
Evaluating the Euro-Roger Bootle, Director, Capital Economies
Venture Capital Markets in the U.K. and Europe-Paul Bullock, Director, Bullock and Associates
The European Central Bank and Fiscal Policy Issues in Europe-James Stewart, Chief Economist, Weavering Capital
The Role of the City of London-Stephen Crabb, Policy Department, London Chamber of Commerce
The Global Economy-Lorenzo Cadogno, Senior Economist, Bank of America
Commodities Markets-Kevin McNamara, Head of European Gas Derivatives, Goldman Sachs
Equity Investment Climate in Europe-Hilary Cook, Corporate Development Director, Barclays Stockbrokers
Investment Banking in Europe-Edmund Warner, Chief Executive Officer, Albert Sharp Securities
European and U.S. Bond and Capital Markets-Roger Monson, Equity Market Strategist, CAIB Investment Bank
Foreign Exchange Markets-Phil Parker, Managing Director, Lywood David International
European Stock Exchanges-Angela Knight, Chief Executive, APCIMS
Europe's Single Market in Financial Services Elizabeth Legge, Chief Economist, Building Value Associates
Global Bond Markets-Mark Tinker, Head of Global Equity and Bond Strategy, Commerzbank
Investment Climate in the U.K.-Justin Urquhart Stewart, Director, Seven Investment Management
Investment Banking and Credit Swiss First of Boston-Tim Mayo, Investment Analysis, CSFB
The Financial Services Authority in the U.K.-Kate Burns, Head of Press Office, FSA
The London Stock Exchange-Alan Wilson, Head of Markets Regulation, London Stock Exchange
Lloyd's of London-Norman Clark, Corporate Communications, Lloyd's of London
Dow Jones/CNBC in Europe-Paul Larkins, Assistant News Editor, Equity Markets, Dow Jones
Bloomberg Financial in Europe-Sharon Bowen, Communications Office, Bloomberg Financial
Sociological and Racial Issues in the U.K.: Applications to Business-Gary Younge, Journalist, The Guardian
The Role of an Equity Analyst-Simon Taylor, Assistant Director of Research, JP Morgan Chase
Cross Cultural Influences on Business: Europe Compared to the U.S.-Corinne Cancellare, Private Consultant, Paris
Mergers and Acquistions in Europe-Joseph Hazan, Senior Consultant, Hazan International, Paris
Euronext Stock Exchange-Eric Vendrand, Euronext Exchange, Paris
The World Bank Zoltan Agai, Media Relations, World Bank, Paris
The Organization for Economic Cooperation and Development-Brian McFeeters, U.S. Delegation to the OECD, Paris
The London Finance Seminar site visits include:
London Stock Exchange
Lloyd's of London
Bank of America
J.P. Morgan chase
Credit Suisse First of Boston
Financial Services Authority
Houses of Parliament
Bank of America
Euronext Stock Exchange(Paris)
the World Bank
guided orientation tour of London and a day trip to Stonehenge and Bath
In addition to active participation in all seminars and visits, the course requires the completion of a major research paper on a topic approved by Professor Palmer. The research experience is required to be of a primary nature with students conducting interviews with business people who work in and around London. It is intended that each student complete the interview research stage of the paper while in London.
During the final week of the seminar, you will give a 20-minute presentation of research findings to the seminar participants so that all share in this individual learning experience. The writing of the formal paper is expected to follow the seminar and must be submitted to Professor Palmer no later than mid-October following the program.
Undergraduate students who successfully complete the seminar earn six semester hours of CU-Boulder credit in FNCE 4060; graduate students and recent graduates earn six hours of credit in MBAL 6060. Each student's academic advisor determines the applicability of the seminar credit to a particular degree program.
5 weeks: early July to mid-August
For information about arrival and departure, see the Program Specific Handbook at the bottom of this page.
MBAC 6060 (for graduate students and recent graduates): graduate
Neither course fulfills an A&S Core requirement.
6 University of Colorado credits
The seminar is under the on-site direction of Professor Michael Palmer. Professor Palmer joined the College of Business faculty in 1967. His recent teaching responsibilities and research efforts have concentrated on international financial management, country risk issues, and corporate foreign market entry strategies. In 1994, he was appointed Associate Dean and led the College through a complete revision of its undergraduate curricula. In 1988 and 1992, Professor Palmer received the Teaching Excellence Award in the College of Business. Professor Palmer has lived and traveled extensively abroad and thus brings a global perspective to the program.
Because this program requires full-time participation in lectures, site-visits and excursions, there is not a lot of free time. However, you will have a few afternoons to explore both London and Paris on your own.
Seminar participants share rooms in flats (apartments) in the Maida Vale section of London. Flats are fully furnished with complete kitchen facilities, washers and dryers and telephones. The Maida Vale neighborhood has all the necessary amenities including grocery stores, chemists (drugstores), dry cleaners, restaurants, snack bars and pubs. The flats are five minutes from the nearest Underground station and one minute from the nearest bus stop. The classroom for the seminar is located in one of the buildings of Birkbeck College, a constituent college of the University of London, and is about 30 minutes by public transportation from the flats.
You will be responsible for making your own travel arrangements to London. The program officially begins and ends in London.
Clare Phillips St. Clair Memorial Scholarship (for students on the London International Finance Seminar). Contact: Professor Michael Palmer, Leeds School of Business.
Maher Family Scholarship (for students on the London International Finance Seminar). Contact: Professor Professor Michael Palmer, Leeds School of Business.
Undergraduate Research Opportunity Program (UROP) Grants: (up to $2400/project) for undergraduate research or creative work projects including projects while studying abroad. Application, detailed descriptions, project archive (to get project ideas) are available on the UROP website. Application deadline is EARLY - usually in late February/early March.
Interested students are encouraged to apply early, as the group will be limited to 24 participants. Completed applications will be accepted on a rolling basis until the program is full, which usually happens sometime in February (but could happen earlier).
A personal interview (by telephone, for those applying from elsewhere) with Professor Palmer is required of all applicants. For further information contact Study Abroad Programs or Professor Michael Palmer at (303) 492-4241.