Development Programme for Financial Managers

The aims of the programme

-    to enhance and consolidate knowledge required for increasing the value of a company; 
-    to analyse the applicability and feasibility of the most recent financial theories and methods; 
-    to get insight into managerial issues that are part of financial managers' field of competence; 
-    to systematise the knowledge of an experienced financial manager. 

Target group: 

Financial managers and directors as well as senior managers of medium-sized and large companies, whose daily responsibilities include making financial decisions. 

Within the programme:

-    You will analyse the most recent financial theories and methods  and test their applicability and feasibility together with the lecturers and other participants.
-    You will be acquainted with managerial issues that are part of financial managers' field of competence;
-    You will revise and systematise your previous financial knowledge.


The programme is in Estonian. Programme can be ordered as in-company training in English.

The structure of the programme:

Studies take place over 9 months (a two-day module once a month). 
The programme includes 108 contact hours in the classroom, in addition 126 hours of independent work is required.

The programme covers different financial and managerial issues in greater detail, both the traditional ones (financial planning, making investment and financing decisions, financial investments) and the most recent ones (the role of IT in implementing corporate strategy, risk management, value-based performance measurement methods, the most recent methods of supply chain management).

 20.-21.09.2018 I Module:  CFO, Strategy and Busdiness Model

Hele Hammer

Mart Mägi

15.-16.10.2018 II Module: Planning and Performance Measurement

Hele Hammer

Kaido Vetevoog
Viktor Mahhov

13.-14.11.2018 III Module: Business Analytics Indrek Saul
Andres Kukke
Hele Hammer
11.-12.12.2018 IV Module: Working Capital Management and Supply Chain Finance Hele Hammer
Gristel Tali
Arina Karlova
Kaur Andresson
15.-16.01.2018 V Module: Strategic Investment Decisions Hele Hammer
Paavo Põld
Viktor Mahhov
Aare Tammemäe
12.-13.02.2019 VI Module: Financing

Priit Sander
Hele Hammer
Aare Tammemäe

Viktor Mahhov

12.-13.03.2019 VII Module: Automation in Accounting and Finance

Raul Ennus

Anneli Aljas 

Margus Tammeraja

16.-17.04.2019 VIII Module: Valuation of Companies Peeter Škepast
Hele Hammer
14.-15.05.2019 IX Module: Mergers and Acquisitions Mart Mägi
Hele Hammer
Risto Vahimets


*The providers of the programme are entitled to make changes in the programme due to the background of the participants in a group to ensure the best possible quality.



The head lecturer of the programme is  Hele Hammer, PhD, who has been working as General Manager for the EDI operator Telema since 2009.


Hele Hammer, the head lecturer of the programme:
“Our programme is aimed at financial directors and managers who have outgrown the traditional lecturing method and who appreciate interactive ways of learning from their colleagues and from the best theorists and experts in the field. 
Every module includes a systematic approach to the topic, starting with an overview of the classical theory as well as the most recent trends. Then an interesting international case will be solved, after which the acquired knowledge will be related to Estonian practice and your own and your group mates' experience. Former participants have often given very good feedback because of the excellent opportunity to learn from their colleagues.“


The lecturers of the programme include the best experts with academic knowledge of financial management and entrepreneurship in Estonia and the region.


Aare Tammemäe, Redgate Capital AS, Senior Partner, Member of the Board
Andres Kukke, Statistics Estonia, Deputy Director General for Information Technology.
Anneli Aljas, Taxify OÜ, Financial Manager
Arina Karlova, Estonian Business School, Master's Degree Student
Gristel Tali, Lehe Pruulikoda OÜ, Co-owner, Member of the Board
Indrek Saul, Sales Growth Coach
Kaido Vetevoog, Strategy Consultant
Kaur Andresson, Enics Estonia, Business Controller

Margus Tammeraja, Eesti Raamatupidajate Kogu MTÜ

Mart Mägi, Statistics Estonia, Director General
Paavo Põld, Limestone Platform AS, Board Member
Peeter Škepast, Skepast & Puhkim, Member of the Board
Priit Sander, University of Tartu, Associate Professor in Finance

Raul Ennus, Helmes AS
Risto Vahimets, Ellex Raidla Advokaadibüroo OÜ, M&A partner
Viktor Mahhov, Scandagra Estonia, Financial Manager

Zinaida Tšukrejeva, highly rated Visiting Lecturer of EBS; KMPG, Auditor





EBS Executive Education OÜ


Phone: +372 665 1323 

Address: A. Lauteri 3, 10114 Tallinn, Estonia