Bold ideas developed by world-class researchers working with real-world practitioners, and a powerful pedagogy built around participant-centered learning in highly structured, interactive engagements.
HBS students and alumni are serious, collaborative learners with diverse backgrounds and perspectives that positively impact organizations and make a difference in the world.
Build an intuitive understanding of financial principles to better communicate with key stakeholders, drive business performance, and grow your career.
Understand the key financial levers that drive financial performance
Discover how and why finance is concerned with cash flow versus profits and why that matters for your business and budget
Identify ways to create and measure value in order to evaluate and pitch potential projects
Examine how capital markets work and how they affect your business
Develop a financial intuition that will give you the confidence to make effective decisions in your career and life
Who Will Benefit
Gain the skills and confidence needed to understand the financial landscape of your business and industry in order to advance your career, especially if you’re in a non-finance role.
In an ever fast-changing world, it is important to keep abreast with how people around the world tackle finance-related issues and the experiences they go through.
Saad Hashmi; Associate Corporate Relationship Mangaer at HSBC Bank Middle East Limited
92%
of learners said they developed increased confidence after completing an HBS Online course
11x
return on investment, with 24% of learners reporting an average $20,466 salary increase
Certificate of Completion Boost your resume with a Certificate of Completion from HBS Online Earn by: completing this course
Certificate of Specialization Prove your mastery of finance and accounting Earn by: completing any three courses within this subject area to earn a Certificate of Specialization
Understand the building blocks of financial analysis and develop an intuition for the concepts behind finance principles.
Highlights
Unidentified Industries
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Ratios
Concepts
Examining the Balance Sheet
Utilizing Ratios
Finding Meaning
Case: Unidentified Industries
Comparisons
Featured Exercises
Categorize financial ratios
DuPont Analysis exercise
Module 2
Finance vs. Accounting
6-7 Hours
Identify the fundamental differences between accounting and finance, and examine the use of cash as a measurement of value creation.
Highlights
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What Is Cash
Our First Measure of Cash
Concepts
What Is Cash? From Income to EBITDA...
...and then to Operating Cash Flows...
Cash Conversion Cycle
Time Value of Money
Featured Exercises
Balance sheet and financial ratios exercises
Calculate net present value
Module 3
Capital Markets
6-7 Hours
Build a strong understanding of the players in the financial services industry and contemplate the financial system, its flaws, and potential solutions.
Highlights
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Institutional Investors
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Signaling
Concepts
Capital Market Participants
Capital Market Problems
Solutions
Implications for Your Company
Featured Exercises
Evaluate perspectives on information asymmetry
Module 4
Creating Value
6-7 Hours
Explore the three pillars of value creation, why capital is costly, and how to use this information to benefit your organization.
Highlights
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Three Sources of Value
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Weighted Average Cost of Capital
Concepts
How Is Value Created?
Costs of Capital
Cost of Equity
Mistakes
Featured Exercises
Market-to-book ratios exercises
Match companies to their cost of debt and industries to their betas
Module 5
Valuation
6-7 Hours
Determine how the future affects value today, compare various valuation methods, and discuss potential risks involved in mergers and acquisitions.
Highlights
Common Multiples
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Spirit Aerosystems
Concepts
Valuation
Multiples
Problematic Methods
Discounted Cash Flows
Intricacies
Mistakes
Featured Exercises
Calculate free cash flows, WACC, and terminal values
Practice scenario analysis
Module 6
Capital Allocation
6-7 Hours
Discuss capital allocation, analyze the various options companies have for investing their cash, and determine which “type” of money will empower new business ideas to flourish.
Highlights
The High-Class Problem of Too Much Cash
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The Capital Allocation Decision Tree
Concepts
The Capital Allocation Problem
How to Grow: Organic vs. Inorganic Growth
Distributing Cash to Shareholders
Distribution Motivations
Featured Exercises
Capital allocation decision tree analysis
Weigh value of dividends vs. share buybacks
Capstone project
Led by World-Renowned HBS Faculty
HBS Online courses are taught by Harvard Business School faculty, bringing the renowned HBS classroom experience directly to you.
Stay active by engaging in a new activity every three to five minutes and applying your knowledge through quizzes and a capstone project.
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HBS Online courses allow you to immerse yourself in a dynamic, interactive learning experience. You’ll engage in a new activity every three to five minutes and apply your knowledge through polls, quizzes, and problem-solving exercises designed to accelerate and reinforce your learning.
Real-World Connections
Get social by collaborating with a global community of peers before, during, and after your course. Learners who successfully complete an HBS Online program will be added to the HBS Online Community's Official Networking Group and gain exclusive access to events and other networking opportunities.
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See how the HBS Online course platform engages you in social learning. You exchange ideas, offer input, and seek out viewpoints from a community of learners gathered from around the globe. In the process, you learn from each other’s experiences and perspectives, and leave the program with a broader outlook on the world.
Real-World Cases
Immerse yourself in real-world, case-based examples brought to life by industry-leading experts from companies like Heineken, Biogen, and Sanford C. Bernstein.
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Our courses allow you to apply your learning through real-world examples and experience Harvard Business School’s signature case method. Business leaders will share challenges they’ve faced. As the story unfolds, you’ll leverage course concepts, vital tools and frameworks, and the diversity of your peers’ perspectives to analyze the problem and determine a path forward.
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HBS Online courses allow you to immerse yourself in a dynamic, interactive learning experience. You’ll engage in a new activity every three to five minutes and apply your knowledge through polls, quizzes, and problem-solving exercises designed to accelerate and reinforce your learning.
The ROI I've had from taking these classes is amazingly impressive. The beauty is that you learn something the night before and, the next day, you magically find a situation where you can apply it.
Richard Pitts
Chief Medical Officer, CalOptima Health
Leading with Finance FAQs
Free E-Book
A Manager's Guide to Finance & Accounting
Learn about the difference between finance and accounting, the financial skills all managers need, and how taking an online course can help you achieve your educational goals and accelerate your career.
Bring HBS Online’s flexible, scalable, and high-impact learning experiences to your organization through shared learning and group discounts for teams of five or more.