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M2 Finance | Financial risk and sustainable finance course

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Teaching method: Initial training, Continuing training or sandwich course

Location : Aix-en-Provence

Type of degree: Master's

Length of studies: 2 years

Exit level: Bac+5

Language(s ) : French, English

Department : Finance Control Audit

  • Objectives

    The aim of this program is to train high-level specialists in asset and financial risk management. It is designed to meet the high demand for asset and risk management specialists in banks, insurance companies, corporations, auditing and consulting firms, and financial institutions.

    The course is designed to combine theory and practical application (alternating courses given by academics and practitioners), enabling students to acquire both analytical and abstract skills and a strong "business" specialization. The ability to communicate in English on technical issues, both orally and in writing, is a key element of the program. A minority of motivated students go on to doctoral studies, while others go straight into professional life.

    On completion of the course,graduates will be able to:

    • Analyze and evaluate in order to provide financial expertise or advice
    • Manage and value assets and/or portfolios of financial assets
    • Operate in a complex, international environment
    • Manage financial risk by implementing appropriate hedging instruments

    In response to the internationalization of career opportunities in finance, the Financial Risk Management course is divided into 2 streams:

    The international stream of this program has been awarded the " Diplôme en Partenariat International (DPI) " label. Partner universities for double degrees are Ca'Foscari University Venice, Université Catholique de Louvain, University of Tübingen and HEC-Liège. Students selected for these double degrees from the end of the first semester of Licence 3 go on exchange to one of these partner universities for M1 and M2 Financial Risk Management. By obtaining 60 credits in each of the two years of the Master's program, they are awarded two 120-credit Master's degrees (the one awarded by the partner university and the Master's degree in Financial Risk Management).

    A partnership has been set up with the SFAF (Société Française des Analystes Financiers) for the "Financial Risk Management" course, complemented by the "Asset and Wealth Management" DESU. This M2 MRF + DESU "Gestion d'Actifs et de Fortune" partnership includes preparation for and passing of the AMF national professional certification, and enables students to take the CEFA (Certificat Européen d'Analyste Financier) and CIIA (Certified International Investment Analyst) international professional certifications, via equivalence and preferential conditions. This partnership also exists for the Master 2 in Wealth Management.

  • What next?

    Career opportunities

    • Portfolio manager
    • Asset manager
    • Financial risk analyst (interest rate, market, credit, foreign exchange)
    • Sales Trader
    • Capital management and financial investment advisor
  • Teaching

    Master 2 Finance Financial Risk Management (MRF) (60 credits)

    Semester 3 M2 Finance Financial Risk Management (MRF) (30 credits)

    • Numerical technics in finance (8 credits)
      • Financial software
      • Optimization methods in finance
      • Financial econometrics
    • One of two tracks (22 credits):

    Classic track (22 credits)

    • Asset valuation and management (12 credits)
      • Numerical option pricing
      • Portfolio management and performance measure
      • Bond management and interest rate risk
      • Derivative financial products
      • Structured products and bonds
    • Financial risk management (10 credits)
      • Risk management practices
      • Banking risk management
      • Financial risk measurement
      • Ethics and financial regulation

    International stream (for non-French-speaking students) (22 credits)

    • Valuation and asset management (12 credits)
      • International banking
      • Financial regulations
      • Numerical option pricing
      • Portfolio management and performance measure
      • Alternative management
    • Financial risk management (10 credits)
      • Risk management practices
      • Banking risk management
      • Business ethics
      • Introduction to econometrics

    Additional UE

    Introduction to econometrics (0 credits)

    Semester 4 M2 Finance Financial Risk Management (MRF) (30 credits)

    • Advanced corporate finance (6 credits)
      • International corporate financial management
      • Financial analysis
      • Financial engineering

    Option: 1 UE to be chosen from 2 (24 credits)

    • UE for the professional track: (24 credits)
      • Research methodology
      • Advanced topics in finance
      • Minor thesis
      • Intership
    • UE for the research stream: (24 credits)
      • Research methodology
      • Advanced topics in finance
      • Research thesis
  • Admission

    Who can apply?

    Admission is based on an application studied by a pedagogical committee, which checks that the student has sufficient knowledge of the fundamental tools of quantitative methods (statistics, econometrics), market and corporate finance, and economics, and that his/her level is compatible with the objectives of the course (an AB grade is recommended). A minimum level of English is also required (B2 TOEIC).

    How do I apply?

    Apply at the time of admissions on the dedicated platform.

  • Practical information

    The teaching team is made up of lecturers in economics and management, all of whom carry out research in the field of finance, with a particular focus on market and international finance. This team is complemented by professional lecturers who hold positions of responsibility in major companies and financial institutions. These lecturers account for more than half of the Master 2 courses.

    The "Financial Risk Management" course is offered as an initial training course (in particular for students wishing to take the "Asset and Wealth Management" DESU) and as a sandwich course under a professionalization contract or an apprenticeship contract in partnership with the CFA Epure and the PACA region. The training program follows an alternating rhythm, with the week divided between the training course and the host company, whether you are in initial training or on a sandwich course under an apprenticeship or professionalization contract.

    A 24-week end-of-study internship is compulsory for students who do not wish to pursue a doctoral thesis. At the end of the internship, a skills booklet is completed by the company tutor and the intern. A report on the internship may be submitted in the presence of the company tutor, the course tutor and the course supervisor.

    For students wishing to continue on to a doctoral thesis, a research dissertation (in place of the internship/minor dissertation) will be carried out to assess the student's capacity for analysis, synthesis and critical thinking. The dissertation will be presented to a dissertation jury comprising at least one external reporter, one internal reporter and the dissertation director.

    Teaching volume

    • Lectures: 753 hours
    • Tutorials: 73 hours
    • Internship: 24 weeks

    This course is available in :

    • Initial training
    • Continuing education
    • Work-study training: Classes are held every other week, so that students can alternate between two weeks.
    • Work-study contract: Classes are held every other week, allowing students to alternate between the two weeks.
  • International MRF double degree

CONTACTS

Education Manager

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Christelle
LECOURT
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University Professor

Administrative Manager

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Felicina
CAFICI
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Administrative Manager - FCI