Last week, Dr. Mantovani, Corporate Finance & Banking specialist, taught corporate finance to the MSc in Finance students.
Every year, IUM welcomed visiting professors from other universities, an opportunity for students to meet with experienced professors and professionals.
Based on the current financial environment, do you have any recommendations for students who wish to start a career in the finance industry?
The recent history and financial crisis imposed new standards in finance, which may create great opportunities for students aiming to a career into the financial industry. Two key elements are critical, according to my point of view:
- we learnt that finance and economics are more correlated than anybody could imagine before the financial crisis. This leads me to recommend students to cultivate their financial knowledge by matching technicalities with sound conceptual frameworks: know-how is useless without know-why, even more useless without know-when.
- we learnt that private finance matters, e.g. the number of listed companies is decreasing, while the overall credit allowances are growing if compared to global GDP. This leads me to suggest students to have a stronger knowledge on value assessment in non-public market transactions.
The future will be more and more dominated by the digital contribution in finance industry. The impact will be initially stronger for the cash management (Paypal and Apple-pay are clear examples), while the capital management will continue to be fed chiefly by the human knowledge. Sharing digital competences with financial knowledge will be a must for the next generation of financial practitioners. They must be aware that the bootstrap arising from the adoption of digital technologies can be disruptive.
Finally, by matching changes driven from history with those arising in the future, even the international approach will require to be tuned: global financial markets are getting more and more a unique commonplace where any financial location may distinguish for the competences it can supply to the global financial environment, instead than by the protective barriers they can oppose. This leads me to suppose that the forthcoming generations in finance must prepare to have a global mobility during their career.
Any particular highlights from your first visit at IUM that you enjoyed?
The mood here is really special: hard working, sound support, open mind and forward looking are everywhere. I found very proactive students during my classes. The international melting-pot makes them even more proactive in discussing complex topics from different points of view. Professors and staff are very oriented to the efficiency of results, as first, while the efficiency of processes get a lower ranking. The international profile of the University is boosted; a clear example is the amazing mix of languages regularly used inside the IUM buildings alongside English as official language. I need to recover my French and German at my earliest convenience.
Moreover, the City contributes to push this mood as well. I must confess that similar situation is in Venice where I was used to work. Monaco, seems more business oriented, while Venice is more culture oriented. Hopefully, I candidate myself to bridge more the two cities.
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Prof. Mantovani graduates in Business Administration (major in Corporate Finance) at Bocconi University in Milan in the academic year 1989-90. He got his PhD in Business Administration in the Consortium managed by the same University.
His academic experience started in 1990 at Bocconi University as junior researcher (later lecturer) in Corporate Finance and Corporate Risk Management. In 1998 he was appointed as Senior Professor of Corporate Finance at SDA-Bocconi School of Management. In 2001 started to work as professor of Corporate Finance at Ca’ Foscari University of Venice. In 2009 he became Deputy-President for Lifelong and Executive Education and founded the Ca’ Foscari Challenge School becoming its first Dean (2011-2014). His international teaching experience spreads to ENI Corporate University (1992-2013), VSE University of Economics Prague (1997-99), Harvard Summer School (2006-11), FAU Universitaet Nurnberg (2012-14). Since 2012 he is invited professor of Entrepreneurial Finance at the Ecole de Management de Strasbourg, where he is also President of the H.E.R.M.E.S. Universities Network.
He publishes internationally and in Italy on topics concerning contingent claim finance, corporate risk management, information risk premia. More recently he is focusing more on entrepreneurial finance, the financial valuation of human competences and an integrated approach of financial rating and scoring for small and medium enterprises. His latest contribute “The Financial Value of Entepreneurship” (Palgrave, 2017) has been recently presented at the FMA Applied Conference at the St. John’s University in Manhattan. He is Scientific Director of the Teofilo Intato Institute of Entrepreneurship by HERMES-Universities in Treviso and involved in different Academic bodies including the Scientific Board of the World Finance Conference, the European Desk of the Academy of Entrepreneurial Finance of Los Angeles, the chairing of the FMA European Conference 2015 and of the World Finance Conference 2014. He was appointed as scientific advisor of several institution including the European Union, the Italian Confidustria and a huge number of European Financial Intermediaries.