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Master of Management in Hospitality (MMH)

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  • Course description
    The MMH Program is an AACSB-accredited, specialized business degree offered on two campuses that covers an intensive three-semester curriculum in one year. This rigorous academic program is based on MMH degree requirements that cultivate strategic thought and quantitative skills, a combination essential in upper management positions. In addition to core requirements, students choose their own Concentration , a series of courses concentrating in their intended career path.

    In addition to the academics, the MMH program integrates many professional development opportunities where students are able to meet and interact with industry executives. Exposure to industry executives offers the students the opportunity to establish professional relationships and build an individual network to rely on throughout their careers.

    Once you have been admitted to the MMH program, you will be registered for six online pre-courses available through the eCornell system.  Successful completion of these courses is required to begin the MMH program. The online pre-courses prepare students for the rigor of the required Semester 1a and 1b block courses. 
    The pre-course curriculum is as follows:

    Financial Management
    • HAME 507 MMH: Mastering the Time-Value of Money
    • HAME 508 MMH: Making Capital Investment Decisions
    Financial Statements
    • HAME 513 MMH: Understanding Financial Statements
    • HAME 514 MMH: Using Ratio Analysis to Evaluate Financial Performance
    Statistical Decision Making
    • HAME 515 MMH: Describing Data
    • HAME 516 MMH: Understanding Relationships
    Financial Management
    • Mastering the Time-Value of Money
    • Making Capital Investment Decisions
    Using timelines and cash-flow calculations these two modules will teach you to project cash flow, calculate payments, establish the value of securities and investments, and determine when it is more cost-effective to lease or to buy. You will learn six capital-budgeting rules for making sound project-investment decisions, examine how these six rules differ from one another, and learn which rules are most appropriate when.

    Financial Statements
    • Understanding Financial Statements
    • Using Ratio Analysis to Evaluate Financial Performance
    These two modules will teach you how to read and interpret income statements, cash-flow statements, and balance sheets and thus gain a solid foundation for more advanced analysis of a firm's financial performance. You also will learn to use ratio-analysis instruments. The course also addresses how financial-health information can be used as a foundation on which to design and implement initiatives for increased productivity and profitability.

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