PFI Scholarship Program
Are you a motivated and talented student? Do you want to study economics or finance-related subjects at a prominent university abroad? Are you worried that your economic situation will limit you in this endeavour? No need to worry! We at the Prague Finance Institute want to support bright minds in pursuing their dreams, and that’s why we have established a new scholarship program that could work for you!
- PFI Scholarship supports Czech students in gaining experience abroad at leading universities that offer study programs focused on economics and finance in a broader sense.
- We will support you with a specific amount based on your financial plan and expected costs. The maximum amount of the scholarship is determined by the total cost of the study.
- Every year we will provide our help to one student to study master’s degree at their chosen university abroad.
- The candidate must be a citizen of the Czech Republic and under the age of 26.
- It is necessary to prove the lack of funds needed for the university of their choice.
- To apply for the 1st round of assessment you need to send us your CV, motivation letter, financial plan, academic results and proof of economic situation to email@example.com before 31 January 2024.
- In the 2nd round you will be interviewed with the Selection Committee.
- Reporting about your progress in studies.
- Short summary or article about your time abroad to be published occasionally on the PFI website.
- Returning to the Czech Republic after your graduation and making a positive contribution to society for example by participations in lectures, discussions, or workshops.
- Joining the community of Czech experts with sharing your experience and helping other students to study abroad.
- On the other hand the PFI will offer you attractive working possibilities in the Czech Republic to you after your graduation.
Who You Are
- University student or young professional
- You have basic understanding of corporate finance, accounting and microeconomics (not required)
- You are eager to put in an effort and commit to a 13 weeks educational adventure
- Open to meet talented peers and inspiring lecturers
What You Get
13 weekly lectures followed by networking sessions in the heart of Prague (CERGE-EI, The Schebek Palace, Politických vězňů 7, 110 00 Praha 1)
Course covering all aspects of business valuation and investment decision making in a class of only 25 selected students
- A certificate of completion (requirements: 10/13 attendance, team presentation of case study results)
What It Takes
- Fill in the registration form and send us your CV
- Standard course fee is 14 900 CZK, reduced course fee for students under 26 is 6 900 CZK. Course fee will be used to cover organizational costs, educational materials and refreshments
- The fee is payable once you are approved as a participant
November 2023 – Application Period
31st of January 2024 – Scholarship Application Deadline
15st of March 2024 – Application Evaluation (1st & 2nd Round)
April 2024 – Interview with Scholarship Committee
May 2024 – Announcement of the Selected Scholarship Recipient
Do you need more information? Check the brochure below and if it is not enough, contact us directly at firstname.lastname@example.org.
We would like to inform you that there are only 2 places remaining.
In order to speed up the acceptance of your application, we therefore ask you to send us your CV as soon as you submit your application.
Prague Finance Institute
- Overview of consolidated financial statements and their major items
- Overview of financial statement analysis and major financial ratios
- Capital allocation decisions
- Discounted cash flow model (DCF) basic principles
- Basics/Overview of relative valuation and price multiples
- Relative risk measures
- Costs of debt & capital (cost of equity, WACC)
- Revenues, EBITDA margin & EBITDA
- Tax rate and taxes
- Investments into NWC, CAPEX
- Estimating cash flows
- Estimating growth
- Loose ends in valuation
- Value enhancement (sensitivity analysis)
- PE ratio
- Other earnings multiples
- Book value multiples
- Revenue multiples
- Czech environment challenges & specifics
- IFRS vs CAS
- Financing options
- Fundamentals of credit analysis
- Real estate
- Final homework summary and tips
- Role of debt in investment decisions
- Estimation of IRR and other pay-back parameters
- How to estimate company’s future potential under high uncertainty
- More information to be announced
- NETWORKING night