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MBA Electives Roadmap Template

Career tracks to electives, core prerequisites, reading order for all 42 elective templates, term map, track scoring, dated standards, timeline

MBA và trường kinh doanhĐầy đủAACSB Global Standards for Business Education (2026); UK Corporate Governance Code 2024; GIPS 2020; BCBS market risk standard (2019)electivesroadmap
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Cách dùng: Use it when choosing a second-year track or planning elective terms. Score tracks and check prerequisite core cards first, then map guides and cards to terms ahead of recruiting. The main pitfall is breadth without depth: one course in every area and no track.

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MBA Electives Roadmap: [Your name, programme and class year]

A map of the second-year MBA electives in this library: which career tracks need which electives, which core cards to finish first, how to sequence guides and cards across terms and recruiting, and where each of the 42 elective templates fits. It is for first-year students choosing a track, second-year students planning their last terms, and working professionals who want an elective-level path in one area (deals, investments, marketing analytics, supply chain, strategy and technology). It complements mba/mba-elective-concentration-plan (your school's requirements, bidding and registration) and mba/mba-two-year-plan (the whole programme); this roadmap is about content and sequence. Source basis: the elective structures common to leading international full-time programmes, described in general terms, the AACSB Global Standards for Business Education (ratified 20 April 2026) for the competency view, and the primary works cited in each card. Course names, prerequisites and rules differ by school and change between years: always check your school's current catalogue and programme office. This is a planning aid, not academic, career or investment advice. Replace every [bracketed] value and every row marked Example.

Document control

FieldValue
Document IDELR-[INITIALS]-001
Student[Your name]
Programme and class year[Full-time MBA, Class of YYYY]
Catalogue year checked[YYYY-YY], checked YYYY-MM-DD at [programme office or registrar page]
Primary track[Private equity]
Backup track[Corporate strategy]
Terms left for electives[Terms 4, 5 and 6]
Version[0.1]
Last updatedYYYY-MM-DD
Reviewed by[Academic adviser, career coach or second-year mentor]

Contents

  1. Purpose and how the electives build on the core
  2. Career tracks and the electives they need
  3. Prerequisites: core cards to finish first
  4. The 42 elective templates by group and reading order
  5. Sequencing across terms and recruiting
  6. Worksheets: track scoring, readiness, term map
  7. Structured workbook
  8. Standards and facts that change
  9. Timeline
  10. Quality checklist and common mistakes
  11. Self-test, notes, sources, answer key

1. Purpose and how the electives build on the core

The first-year core gives every MBA student the same toolkit: accounting, corporate finance, economics, data analysis, marketing, operations, strategy, leadership and ethics (mba/mba-core-curriculum-map). Electives take one area further, to the level at which a new hire in that function is expected to work from the first week. In this library each elective card builds on a named core card and links to it instead of repeating it. For example, mba/mba-lbo-model-card starts where mba/mba-paper-lbo stops, mba/mba-term-sheet-card starts where mba/mba-venture-finance-cap-table-card stops, and mba/mba-new-product-diffusion-card extends the diffusion section of mba/mba-marketing-guide.

Three principles shape the roadmap:

  1. Depth over breadth. Recruiters for specialised roles (deals, investing, marketing analytics, supply chain) test technical depth. Four to six electives in one group, plus one or two in a complementary group, usually serve better than one course in each of ten areas.
  2. Prerequisites first. An elective card assumes its core card. A student who starts mba/mba-accretion-dilution-card without being fluent in mba/mba-three-statements-card and mba/mba-dcf-valuation-card spends the elective relearning the core.
  3. Timing against recruiting. Technical depth helps most before the interviews that test it. For many tracks, internship recruiting happens in the first year, so the first elective cards in this library are worth reading before the matching course is offered, alongside the recruiting preparation templates.

The diagram shows the flow from the core to the elective groups and on to the tracks they serve.

2. Career tracks and the electives they need

TrackCore of the trackStrong additionsUseful
Investment banking and corporate developmentmba/mba-mergers-acquisitions-guide, mba/mba-accretion-dilution-card, mba/mba-synergy-valuation-card, mba/mba-deal-structuring-cardmba/mba-lbo-model-card, mba/mba-corporate-governance-cardmba/mba-corporate-strategy-card, mba/mba-fixed-income-card
Private equitymba/mba-private-equity-guide, mba/mba-lbo-model-card, mba/mba-pe-fund-economics-card, mba/mba-pe-value-creation-cardmba/mba-deal-structuring-card, mba/mba-synergy-valuation-cardmba/mba-corporate-governance-card, mba/mba-supply-chain-guide
Venture capital and start-upsmba/mba-venture-capital-guide, mba/mba-vc-method-card, mba/mba-term-sheet-card, mba/mba-vc-portfolio-construction-cardmba/mba-platform-strategy-card, mba/mba-new-product-diffusion-cardmba/mba-innovation-portfolio-card, mba/mba-marketing-experiments-card
Asset management and researchmba/mba-investments-guide, mba/mba-portfolio-theory-card, mba/mba-factor-models-card, mba/mba-performance-evaluation-cardmba/mba-fixed-income-card, mba/mba-value-at-risk-cardmba/mba-derivatives-risk-guide, mba/mba-corporate-governance-card
Risk, trading and treasurymba/mba-derivatives-risk-guide, mba/mba-forwards-futures-swaps-card, mba/mba-value-at-risk-card, mba/mba-fixed-income-cardmba/mba-portfolio-theory-card, mba/mba-investments-guidemba/mba-international-strategy-card
Brand, product and growth marketingmba/mba-marketing-analytics-guide, mba/mba-brand-equity-card, mba/mba-marketing-experiments-card, mba/mba-digital-attribution-cardmba/mba-conjoint-analysis-card, mba/mba-segmentation-clustering-card, mba/mba-marketing-mix-modeling-cardmba/mba-new-product-diffusion-card, mba/mba-platform-strategy-card
Marketing analytics and data science for businessmba/mba-marketing-analytics-guide, mba/mba-conjoint-analysis-card, mba/mba-marketing-mix-modeling-card, mba/mba-segmentation-clustering-cardmba/mba-marketing-experiments-card, mba/mba-digital-attribution-cardmba/mba-revenue-management-card, mba/mba-factor-models-card
Operations and supply chainmba/mba-supply-chain-guide, mba/mba-bullwhip-effect-card, mba/mba-network-design-card, mba/mba-sourcing-procurement-cardmba/mba-supply-chain-resilience-card, mba/mba-revenue-management-cardmba/mba-digital-transformation-card, mba/mba-pe-value-creation-card
Technology and product managementmba/mba-technology-strategy-guide, mba/mba-platform-strategy-card, mba/mba-innovation-portfolio-card, mba/mba-digital-transformation-cardmba/mba-marketing-experiments-card, mba/mba-new-product-diffusion-cardmba/mba-conjoint-analysis-card, mba/mba-venture-capital-guide
Consulting, corporate strategy and general managementmba/mba-corporate-strategy-card, mba/mba-international-strategy-card, mba/mba-corporate-governance-card, mba/mba-digital-transformation-cardmba/mba-synergy-valuation-card, mba/mba-supply-chain-resilience-card, mba/mba-platform-strategy-cardmba/mba-mergers-acquisitions-guide, mba/mba-pe-value-creation-card

The library groups the same material into five elective kits: mba-deals-electives (M&A, buyouts, venture), mba-investments-risk (investments, portfolio, derivatives), mba-marketing-analytics (measure, model, brand), mba-supply-chain (design, source, resilience) and mba-strategy-technology (strategy, platforms, governance). Open the kit for your track to see the templates in order.

3. Prerequisites: core cards to finish first

Elective groupCore cards to be fluent in firstPractitioner templates the electives link to
Mergers and acquisitionsmba/mba-three-statements-card, mba/mba-dcf-valuation-card, mba/mba-capm-wacc-card, mba/mba-capital-structure-card, mba/mba-growth-strategy-card, mba/mba-banking-technical-prep (section 5, the quick accretion test)finance/due-diligence-request-list, finance/quality-of-earnings-scope, finance/m-and-a-integration-100-day-plan, finance/investment-committee-memo
Private equitymba/mba-paper-lbo, mba/mba-capital-structure-card, mba/mba-dcf-valuation-card, mba/mba-cash-flow-statement-card, mba/mba-npv-irr-cardfinance/private-equity-investment-memo, finance/lp-quarterly-report, finance/investment-committee-memo
Venture capitalmba/mba-venture-finance-cap-table-card, mba/mba-entrepreneurship-guide, mba/mba-opportunity-assessment-card, mba/mba-npv-irr-cardfinance/investment-committee-memo
Investmentsmba/mba-capm-wacc-card, mba/mba-regression-for-managers-card, mba/pre-mba-quant-refresherfinance/strategic-asset-allocation-study, finance/performance-attribution-report, finance/bond-credit-analysis
Derivatives and riskmba/mba-options-real-options-card, mba/mba-fx-interest-parity-card, mba/mba-capm-wacc-card, academic/stats-distributions-sheetfinance/var-backtesting-report
Marketing analytics, brand and digitalmba/mba-marketing-guide, mba/mba-stp-positioning-card, mba/mba-marketing-mix-card, mba/mba-customer-lifetime-value-card, mba/mba-pricing-card, mba/mba-regression-for-managers-card, mba/mba-decision-analytics-guidemarketing/marketing-plan, marketing/brand-guidelines, product/ab-test-plan
Supply chainmba/mba-operations-guide, mba/mba-inventory-card, mba/mba-process-analysis-card, mba/mba-relevant-costs-card, mba/mba-decision-analytics-guide (linear programming), mba/mba-pricing-card (for revenue management)business/business-case where a network or sourcing change needs approval
Technology strategymba/mba-strategy-guide, mba/mba-growth-strategy-card, mba/mba-competitive-advantage-card, mba/mba-game-theory-card, mba/mba-options-real-options-card, mba/mba-ai-strategy-card, mba/mba-change-management-cardproduct/roadmap, product/prioritization
Corporate strategy and governancemba/mba-strategy-guide, mba/mba-growth-strategy-card, mba/mba-five-forces-card, mba/mba-value-chain-card, mba/mba-fx-interest-parity-card, mba/mba-ethics-guide, mba/mba-capital-structure-cardfinance/valuation-report

4. The 42 elective templates by group and reading order

GroupOrderTemplateWhat it adds beyond the coreBuilds on
Electives map0mba/mba-electives-roadmapThis map: tracks, prerequisites, sequencemba/mba-elective-concentration-plan
Mergers and acquisitions1mba/mba-mergers-acquisitions-guideThe M&A elective as a course: motives, deal process, valuation and synergies, payment, EPS, accounting and merger control, governance, integrationmba/mba-corporate-finance-guide, mba/mba-dcf-valuation-card, mba/mba-growth-strategy-card
Mergers and acquisitions2mba/mba-accretion-dilution-cardFull merger-model EPS: payment mix, new debt, purchase price allocation amortisation, deal costs, synergy phase-in, break-even synergiesmba/mba-banking-technical-prep (section 5), mba/mba-capital-structure-card
Mergers and acquisitions3mba/mba-synergy-valuation-cardCost and revenue synergies, dis-synergies, costs to achieve; synergies against the premium, walk-away price, required performance improvementmba/mba-growth-strategy-card, mba/mba-dcf-valuation-card
Mergers and acquisitions4mba/mba-deal-structuring-cardCash versus stock, fixed ratio or fixed value, collars, earn-outs, asset versus share deals, deal protections, acquisition accountingmba/mba-growth-strategy-card, mba/mba-dcf-valuation-card
Private equity1mba/mba-private-equity-guideThe PE elective: fund model, buyouts, value creation, exitsmba/mba-paper-lbo
Private equity2mba/mba-lbo-model-cardFull LBO model: debt tranches, amortisation and cash sweep, revolver, PIK notes, credit statistics, downside case, maximum pricemba/mba-paper-lbo
Private equity3mba/mba-pe-fund-economics-cardCalls and fees, European and American waterfalls, clawback, net IRR, TVPI, DPI, RVPI, J-curve, PMEmba/mba-paper-lbo
Private equity4mba/mba-pe-value-creation-cardValue creation bridge, sequential versus Shapley attribution, value creation plan and first 100 days, KPI driver trees, buy-and-buildmba/mba-paper-lbo
Venture capital1mba/mba-venture-capital-guideThe VC elective: fund model, sourcing, valuation, terms, staging and reserves, down rounds, exitsmba/mba-entrepreneurship-guide, mba/mba-venture-finance-cap-table-card
Venture capital2mba/mba-vc-method-cardVenture capital method, retention ratio for later-round dilution, First Chicago scenarios, fund-returner testmba/mba-venture-finance-cap-table-card
Venture capital3mba/mba-term-sheet-cardPreferences and participation, anti-dilution, pay-to-play, redemption, board and protective provisions; a down roundmba/mba-venture-finance-cap-table-card
Venture capital4mba/mba-vc-portfolio-construction-cardInvestable capital, cheque size and ownership, reserves and follow-ons, recycling, power-law outcomesmba/mba-venture-finance-cap-table-card
Investments1mba/mba-investments-guideThe investments elective: portfolio choice, pricing models, market efficiency, bonds, evaluationmba/mba-capm-wacc-card, mba/mba-corporate-finance-guide
Investments2mba/mba-portfolio-theory-cardMean-variance optimisation, efficient frontier, capital market line, estimation errormba/mba-capm-wacc-card
Investments3mba/mba-fixed-income-cardSpot and forward curves, duration, convexity, DV01, immunisation, credit spreads, floating-rate notes after LIBORmba/mba-npv-irr-card, mba/mba-capm-wacc-card
Investments4mba/mba-factor-models-cardSingle-index model, APT, Fama-French and Carhart factors, factor regressions, alpha, risk decompositionmba/mba-capm-wacc-card, mba/mba-regression-for-managers-card
Investments5mba/mba-performance-evaluation-cardTime- and money-weighted returns, Sharpe, Treynor, Jensen's alpha, M-squared, information ratio, timing tests, GIPSmba/mba-capm-wacc-card, mba/mba-portfolio-theory-card
Derivatives and risk1mba/mba-derivatives-risk-guideThe derivatives and risk elective: pricing, hedging, VaR and expected shortfall, counterparty risk, hedging governancemba/mba-options-real-options-card, mba/mba-fx-interest-parity-card
Derivatives and risk2mba/mba-forwards-futures-swaps-cardCost of carry, futures and daily settlement, minimum-variance hedge, interest rate and currency swapsmba/mba-options-real-options-card, mba/mba-fx-interest-parity-card
Derivatives and risk3mba/mba-value-at-risk-cardParametric, historical and Monte Carlo VaR, expected shortfall, EWMA, stress tests, Kupiec backtest, traffic lightmba/mba-capm-wacc-card, academic/stats-distributions-sheet
Marketing analytics1mba/mba-marketing-analytics-guideThe marketing analytics elective: data, models and decisionsmba/mba-marketing-guide, mba/mba-decision-analytics-guide
Marketing analytics2mba/mba-conjoint-analysis-cardRatings and choice-based conjoint, part-worths, willingness to pay, simulators, price optimisationmba/mba-pricing-card, mba/mba-stp-positioning-card
Marketing analytics3mba/mba-marketing-experiments-cardA/B, holdout and geo experiments, power and sample size, incrementality and iROAS, peekingmba/mba-regression-for-managers-card
Marketing analytics4mba/mba-marketing-mix-modeling-cardAdstock, saturation, decomposition, marginal return, validation and calibration with experimentsmba/mba-marketing-mix-card, mba/mba-regression-for-managers-card
Marketing analytics5mba/mba-segmentation-clustering-cardk-means and Ward clustering, choosing the number of segments, stability, profiling, typing toolmba/mba-stp-positioning-card
Marketing analytics6mba/mba-new-product-diffusion-cardBass model peak, estimation from early sales, analogies and extensionsmba/mba-marketing-guide
Brand and digital1mba/mba-brand-equity-cardBrand resonance pyramid, funnel diagnostics, revenue premium, relief from royalty, extensions and licensingmba/mba-marketing-guide, mba/mba-stp-positioning-card
Brand and digital2mba/mba-digital-attribution-cardRules-based and algorithmic attribution (Shapley, Markov removal), attribution versus incrementality, privacy limitsmba/mba-marketing-mix-card, mba/mba-marketing-experiments-card
Supply chain1mba/mba-supply-chain-guideThe supply chain elective: strategy, planning, coordination, network, sourcing, resilience, revenue managementmba/mba-operations-guide, mba/mba-inventory-card
Supply chain2mba/mba-bullwhip-effect-cardDemand amplification, its causes and remediesmba/mba-inventory-card
Supply chain3mba/mba-network-design-cardFacility location, centre of gravity, risk pooling and the square-root law, near-shore versus far-shore landed costmba/mba-inventory-card, mba/mba-decision-analytics-guide
Supply chain4mba/mba-sourcing-procurement-cardTotal cost of ownership, quantity discounts, Kraljic matrix, supplier selection, make or buy, supply contractsmba/mba-inventory-card, mba/mba-relevant-costs-card
Supply chain5mba/mba-supply-chain-resilience-cardTime to recover and time to survive, mitigation versus contingency, redundancy and flexibilitymba/mba-inventory-card, mba/mba-sourcing-procurement-card
Supply chain6mba/mba-revenue-management-cardEMSR-b booking limits across fare classes, overbooking, bid prices, fairness limitsmba/mba-pricing-card, mba/mba-inventory-card
Technology strategy1mba/mba-technology-strategy-guideThe technology strategy elective: innovation, platforms, standards, ecosystems, transformationmba/mba-strategy-guide, mba/mba-growth-strategy-card
Technology strategy2mba/mba-platform-strategy-cardCross-side network effects, pricing the sides, tipping, the launch problem, openness and governance, multi-homingmba/mba-strategy-guide, mba/mba-growth-strategy-card
Technology strategy3mba/mba-innovation-portfolio-cardCore, adjacent and transformational bets, expected commercial value, selection under a budget, staging and kill gates, ambidexteritymba/mba-growth-strategy-card, mba/mba-options-real-options-card
Technology strategy4mba/mba-digital-transformation-cardComplementary investments, levels of IT-enabled change, digital maturity, cash-flow J-curve, stage-gated funding, product to servicemba/mba-change-management-card, mba/mba-ai-strategy-card
Corporate strategy and governance1mba/mba-corporate-strategy-cardCorporate advantage, parenting fit, internal capital markets, diversification discount, sum of the parts, spin-offs and carve-outsmba/mba-growth-strategy-card
Corporate strategy and governance2mba/mba-international-strategy-cardCAGE distance, entry modes (OLI, Uppsala), integration versus local responsiveness, AAA trianglemba/mba-growth-strategy-card, mba/mba-fx-interest-parity-card
Corporate strategy and governance3mba/mba-corporate-governance-cardTwo agency problems, boards, pay, ownership, pyramids and dual-class shares, governance codesmba/mba-ethics-guide, mba/mba-capital-structure-card

Count check: 1 + 4 + 4 + 4 + 5 + 3 + 6 + 2 + 6 + 4 + 3 = 42 templates (=SUM(1,4,4,4,5,3,6,2,6,4,3)).

5. Sequencing across terms and recruiting

Sequencing rules.

  1. Read each group's guide before its cards: the guide gives the course map, the mini-case and the vocabulary.
  2. Corporate finance before deals. M&A, PE and VC cards assume valuation, WACC and capital structure. Within deals, M&A and PE come before VC for most students, because the VC term sheet borrows the vocabulary of preferred equity and control rights.
  3. Investments before derivatives. Portfolio theory and fixed income come before futures, swaps and VaR.
  4. Regression before models. Factor models, marketing mix models and experiments rely on mba/mba-regression-for-managers-card.
  5. Operations core before supply chain. Inventory and process analysis come before the bullwhip effect, network design and resilience.
  6. Strategy core before corporate strategy. Business-unit strategy (five forces, resource-based view, competitive advantage) comes before multi-business and international strategy.
  7. Interleave once the basics are in place. After the first two cards in a group, alternating between two related groups (for example investments and derivatives) helps you tell similar problems apart, as the retrieval and interleaving evidence in mba/mba-concept-flashcards explains.

Term grid (Example, a two-year programme with six terms).

TermCore or elective focusElective cards in this library to readRecruiting milestone
Term 1 (Example)CoreNone yet; finish the core cardsCareer exploration, networking
Term 2 (Example)CoreTrack guide (for example mba/mba-private-equity-guide) as previewInternship interviews for many tracks
Term 3 (Example)Core plus first electiveFirst two cards of the primary trackInternship offers, preparation
Summer (Example)InternshipCards the internship uses dailyInternship
Term 4 (Example)ElectivesRemaining primary-track cardsFull-time recruiting, return offers
Term 5 (Example)ElectivesStrong additions and backup trackOff-cycle and later-cycle roles
Term 6 (Example)Electives, capstoneUseful items, capstone (mba/mba-capstone-project-report)Start date, transition (mba/mba-post-mba-career-plan)

Self-study load (Example): about 6 hours per guide and 3.5 hours per card, so the private equity core of the track (1 guide, 3 cards) takes about 16.5 hours (=1*6+3*3.5), the marketing analytics core with all five of its cards about 23.5 hours (=1*6+5*3.5), and all three deal groups (3 guides, 9 cards) about 49.5 hours (=3*6+9*3.5). Replace the hours with your own pace after the first two cards.

6. Worksheets: track scoring, readiness, term map

6.1 Track scoring

Score each candidate track from 1 to 5 on four criteria and weight them. Career relevance means how much the track matters for your primary target role; skill gap means how much you would learn; readiness means how many prerequisites you already meet.

TrackCareer relevance (40%)Skill gap (25%)Interest (20%)Readiness (15%)Weighted score
Private equity (Example)54434.25
Marketing analytics and brand (Example)33453.50
Supply chain (Example)22342.50
[Track][ ][ ][ ][ ][ ]

Excel, with the weights in B1:E1 and scores in B2:E2: =SUMPRODUCT($B$1:$E$1,B2:E2). A gap of less than about 0.5 between the top two tracks means the scores do not decide for you: talk to people in both roles before choosing.

6.2 Prerequisite readiness

Core cardMy confidence (1 to 5)Evidence (exam, problem set, self-test score)Review action and date
mba/mba-paper-lbo (Example)3Self-test 7 of 10Redo Worked example B before Term 3, YYYY-MM-DD
mba/mba-capital-structure-card (Example)2Struggled with the tax shield exam questionFull card review plus mba/mba-error-log entries
mba/mba-dcf-valuation-card (Example)4Case write-up graded highNone
[Core card][ ][ ][ ]

6.3 Term-by-term elective map

TermElective course at my schoolMatching cards in this libraryPrerequisites met?Deliverable or exam
Term 3 (Example)[Private equity and buyouts]mba/mba-private-equity-guide, mba/mba-lbo-model-cardYes, after the capital structure reviewLBO model group project
Term 4 (Example)[Advanced corporate valuation]mba/mba-synergy-valuation-card, mba/mba-deal-structuring-cardYesDeal memo
Term 4 (Example)[Fund management practicum]mba/mba-pe-fund-economics-cardYesWaterfall exercise
Term 5 (Example)[Operational value creation]mba/mba-pe-value-creation-card, mba/mba-supply-chain-guidePartlyPortfolio company plan
[Term][ ][ ][ ][ ]

Credit check (Example): 24 elective credits required, 6 taken, 18 left (=24-6), so six more 3-credit courses (=18/3). Use mba/mba-elective-concentration-plan for your school's actual rules.

7. Structured workbook

  1. Target role. What role do I want 12 months after graduation, in which industry and region? What will I be asked to do in the first month? [Answer]
  2. Evidence. Which three conversations, projects or internships support this target? What would change my mind? [Answer]
  3. Technical bar. Which elective cards cover the technical questions that recruiters for this role ask? Which of them have I already worked through? [Answer]
  4. Gaps. Which core cards am I not yet fluent in, and when will I review them? [Answer]
  5. Backup. If the primary track does not work out, which backup track shares the most electives with it? [Answer]
  6. Stretch. Which one elective outside my track would make me a better manager, and why? [Answer]
  7. Application. Where will I use each elective: a club project, a case competition, a field project (mba/mba-field-project-sow), the internship or the capstone? [Answer]
  8. Review. On what dates will I review this roadmap, and with whom? [Answer]

8. Standards and facts that change

The cards in this roadmap carry their own dated facts. The table lists the main ones by group, with what was checked for this roadmap on 2026-10-28. Check the official page before you rely on any of them.

GroupStandard or factStatus as checkedOfficial source
Corporate governanceUK Corporate Governance Code 2024 (published 22 January 2024): applies to financial years beginning on or after 1 January 2025; Provision 29 (declaration on the effectiveness of material internal controls) applies to financial years beginning on or after 1 January 2026Confirmed on frc.org.uk, 2026-10-28; see mba/mba-corporate-governance-cardfrc.org.uk
Corporate governanceG20/OECD Principles of Corporate Governance 2023: revised by the OECD Council on 8 June 2023 and published in September 2023 (OECD/LEGAL/0413), with a new chapter on sustainability and resiliencePublication record confirmed (OECD Publishing, DOI 10.1787/ed750b30-en, 11 September 2023), 2026-10-28; the OECD site blocked automated access, so check it before use; see mba/mba-corporate-governance-carddoi.org/10.1787/ed750b30-en
InvestmentsGIPS Standards for Firms, 2020 edition: effective 1 January 2020; GIPS reports that include performance for periods ending on or after 31 December 2020 must follow itChecked on gipsstandards.org, October 2026; see mba/mba-performance-evaluation-cardgipsstandards.org
Derivatives and riskBasel Committee, Minimum capital requirements for market risk (January 2019, often called FRTB, now chapters MAR of the Basel Framework): expected shortfall at 97.5% replaces 99% VaR for internal modelsStandard and date confirmed on bis.org, 2026-10-28bis.org
Derivatives and riskImplementation by jurisdiction: UK, PRA policy statement PS1/26 (20 January 2026), Basel 3.1 rules from 1 January 2027 and the FRTB internal models approach from 1 January 2028; EU, FRTB own funds requirements deferred to 1 January 2027 by Delegated Regulation (EU) 2025/1496 (published 19 September 2025), with further relief in Delegated Regulation (EU) 2026/1221; US, proposals of 19 March 2026 with no final rule as of October 2026As stated in mba/mba-value-at-risk-card, checked October 2026; the EU text was checked on summaries and later acts, not read on EUR-Lexbankofengland.co.uk, finance.ec.europa.eu, federalreserve.gov
Derivatives and riskLIBOR has ended: 24 of the 35 settings ceased from 1 January 2022; panel-bank US dollar LIBOR after end-June 2023; synthetic 1- and 6-month sterling to end-March 2023 and 3-month sterling to end-March 2024; the last synthetic US dollar settings were published on 30 September 2024. Successors: SOFR, SONIA, €STRConfirmed on the Bank of England transition page, 2026-10-28 (the FCA page blocked automated access); see mba/mba-forwards-futures-swaps-card and mba/mba-fixed-income-cardbankofengland.co.uk
Mergers and acquisitionsIFRS 3 Business Combinations and ASC 805; IAS 38 does not allow internally generated brands to be recognised, acquired ones are recognised separately from goodwill. The IASB project Business Combinations: Disclosures, Goodwill and Impairment (exposure draft March 2024) was still in redeliberation at the 23 September 2026 meeting: no final amendments issued and no effective dateIAS 38 confirmed on ifrs.org, 2026-10-28; project status as stated in mba/mba-mergers-acquisitions-guide and mba/mba-deal-structuring-cardifrs.org
Mergers and acquisitionsMerger control thresholds: US HSR 2026 thresholds effective 17 February 2026 (size of transaction USD 133.9m); EU Merger Regulation turnover tests (EUR 5,000m worldwide and EUR 250m EU for at least two parties, or the alternative test). They change by notice; check with counselAs stated in mba/mba-deal-structuring-card, checked October 2026ftc.gov, competition-policy.ec.europa.eu
Private equityILPA Principles 3.0 (June 2019); updated ILPA Reporting Template and new Performance Template (January 2025), recommended for funds from Q1 2026 (ILPA recommendations, not legal requirements)As stated in mba/mba-pe-fund-economics-card, checked 2026-10-28ilpa.org
Venture capitalNVCA model legal documents: revision dates differ by document (for example October 2025 and June 2026 updates when checked)As stated in mba/mba-term-sheet-card, checked 2026-10-28nvca.org
Supply chainEU Corporate Sustainability Due Diligence Directive (EU) 2024/1760 as amended by Omnibus I (Directive (EU) 2025/794 postponed the dates; Directive (EU) 2026/470 amended the substance): EU companies with at least 5,000 employees and EUR 1.5bn net worldwide turnover, transposition by 26 July 2028, application from 26 July 2029As stated in mba/mba-supply-chain-guide and mba/mba-supply-chain-resilience-card, checked October 2026commission.europa.eu
Technology strategyEU Digital Markets Act (Regulation (EU) 2022/1925): applies since 2 May 2023; first gatekeeper designations 6 September 2023; the Commission lists the current gatekeepers and core platform servicesAs stated in mba/mba-platform-strategy-card, checked October 2026digital-markets-act.ec.europa.eu
AccreditationAACSB Global Standards for Business Education ratified 20 April 2026, replacing the 2020 standardsConfirmed on aacsb.edu, checked October 2026aacsb.edu

None of these rows is legal, regulatory, accounting or investment advice. The cards give the questions to ask and the worksheets; decisions on real transactions need the current official texts and qualified advisers.

9. Timeline

WhenActionTemplate
T-12 monthsFinish the core cards; note weak areas in the error logmba/mba-core-curriculum-map, mba/mba-error-log
T-10 monthsChoose primary and backup tracks with worksheet 6.1This roadmap, mba/mba-recruiting-plan
T-9 monthsRead the guide of the primary track as a previewSection 4
T-8 to T-5 monthsInternship recruiting: technical cards the interviews testmba/mba-banking-technical-prep, mba/mba-case-interview-prep, mba/mba-product-interview-prep
T-6 monthsBid or rank for second-year electivesmba/mba-elective-concentration-plan
T-4 to T-1 monthsInternship: apply the cards; log what you usemba/mba-internship-plan
T0Start the term 4 electives with prerequisites reviewedWorksheet 6.2
T+1 to T+3 monthsFull-time recruiting; finish the track coremba/mba-offer-negotiation
T+4 to T+8 monthsStrong additions, backup track, capstonemba/mba-capstone-project-report
T+9 monthsGraduation and transitionmba/mba-post-mba-career-plan

10. Quality checklist and common mistakes

Quality checklist.

  • One primary and at most one backup track, each with written evidence.
  • Every core card for my track rated 3 or higher, or a dated review planned.
  • Guides read before their cards.
  • Technical cards that recruiting tests read before the interviews.
  • Term map matches my school's actual elective offerings and requirements (checked YYYY-MM-DD).
  • At least one elective applied in a real project, competition or internship.
  • Dated facts in the cards I rely on checked on the official page.
  • Roadmap reviewed after recruiting and after the internship.

Common mistakes.

  1. Choosing electives by professor fame or friends. Courses chosen without a track rarely add up to depth.
  2. Skipping prerequisites. Starting the LBO model card without the paper LBO and capital structure cards turns an elective into remedial core.
  3. Reading the technical cards after the interviews. Depth helps most before the interviews that test it.
  4. Too many tracks. Three tracks at once usually means none is deep enough to show in an interview.
  5. Breadth for its own sake. One course in each of ten areas impresses neither a recruiter nor a future employer.
  6. No backup. If the primary track's recruiting fails, a backup that shares electives saves a term.
  7. Ignoring quantitative foundations. Investments, derivatives and marketing analytics electives depend on regression and statistics; weak foundations show early.
  8. Treating dated facts as permanent. Governance codes, risk frameworks and reporting templates change; a card's date matters.
  9. Confusing the library with the school. The cards are reference material; your school's syllabus, cases and grading rules decide your course.
  10. Never applying the material. An elective not used in a project, case competition or internship fades fast.

11. Self-test

  1. Which core card should you be fluent in before mba/mba-lbo-model-card, and which before mba/mba-term-sheet-card?
  2. Why read a group's guide before its cards?
  3. Name the four templates at the core of the private equity track.
  4. Which elective group should come before derivatives and risk, and why?
  5. Weights 0.5, 0.3 and 0.2 and scores 4, 2 and 5: what is the weighted track score, and the Excel formula?
  6. Which three tracks share the most electives with the corporate strategy group?
  7. Why does timing against recruiting matter more for some tracks than for others?
  8. Name two standards in section 8 that a governance or risk elective should date.

My notes and next steps

ItemMy entry
Primary and backup tracks[ ]
Weakest prerequisite and review date[ ]
Next guide to read[ ]
Next roadmap reviewYYYY-MM-DD

Sources and further reading

  • AACSB International. Global Standards for Business Education (ratified 20 April 2026), aacsb.edu.
  • Budish, E., Cachon, G. P., Kessler, J. B., and Othman, A. (2017). Course Match: a large-scale implementation of approximate competitive equilibrium from equal incomes for combinatorial allocation. Operations Research, 65(2), 314-336.
  • Dunlosky, J., Rawson, K. A., Marsh, E. J., Nathan, M. J., and Willingham, D. T. (2013). Improving students' learning with effective learning techniques. Psychological Science in the Public Interest, 14(1), 4-58.
  • Financial Reporting Council. UK Corporate Governance Code (January 2024), frc.org.uk.
  • Basel Committee on Banking Supervision. Minimum capital requirements for market risk (January 2019), bis.org.
  • CFA Institute. GIPS Standards for Firms (2020), gipsstandards.org.
  • Bank of England. Transition to sterling risk-free rates from LIBOR, bankofengland.co.uk (checked 2026-10-28).
  • OECD (2023). G20/OECD Principles of Corporate Governance 2023. OECD Publishing, https://doi.org/10.1787/ed750b30-en.
  • Library templates: mba/mba-elective-concentration-plan, mba/mba-two-year-plan, mba/mba-core-curriculum-map and the 42 elective templates listed in section 4.

Answer key

  1. mba/mba-paper-lbo (with mba/mba-capital-structure-card) before the LBO model card; mba/mba-venture-finance-cap-table-card before the term sheet card.
  2. The guide gives the course map, the vocabulary and a mini-case that shows how the cards fit together, so each card is read with a purpose.
  3. mba/mba-private-equity-guide, mba/mba-lbo-model-card, mba/mba-pe-fund-economics-card, mba/mba-pe-value-creation-card.
  4. Investments (portfolio theory and fixed income): pricing, hedging and risk measurement use returns, volatility, correlation, yields and duration.
  5. 0.5×4+0.3×2+0.2×5=3.60.5 \times 4 + 0.3 \times 2 + 0.2 \times 5 = 3.6; =SUMPRODUCT(B1:D1,B2:D2).
  6. Consulting and general management (its core), technology and product (digital transformation, platforms) and investment banking and corporate development (governance, synergies); private equity also uses governance and value creation.
  7. Where recruiting tests technical knowledge early (banking, private equity, some asset management roles), the cards must be read before first-year interviews; where recruiting tests problem solving and fit (consulting, general management), the timing is more flexible.
  8. Any two of: UK Corporate Governance Code 2024 (Provision 29 from 2026), G20/OECD Principles 2023, the Basel market risk standard (expected shortfall), LIBOR cessation and the risk-free rates, GIPS 2020.

Revision history

VersionDateAuthorChange summary
0.1YYYY-MM-DD[Your name]First draft from the template
0.2YYYY-MM-DD[Your name]Example: Switched backup track after internship, updated term 5 map

Standard and licence note

Structure aligned with the elective structures common to leading international full-time MBA programmes, described in general terms, and with the AACSB Global Standards for Business Education (2026) for the competency view. Dated facts were checked in October 2026 on the official pages named in section 8 or taken from the cards named there. The text, worksheets and examples are original; no school's catalogue, syllabus, case or requirement is reproduced, and the template is not affiliated with or endorsed by any business school, accreditor or standard setter. Check your school's current catalogue and the official texts before you rely on them. Template licence: MIT.

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