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Teaching method: Initial training, Continuing education or Work-linked training

Location : Aix-en-Provence

Type of degree: Master

Duration of studies: 2 years

Output level: Bac+5

Language(s) : French, English

Department : Finance Control Audit

  • Objectives

    The objective of this course is to train high-level specialists in asset and financial risk management. It is designed to meet the very high demand for executives specialising in asset and risk management in banks, insurance companies, companies, auditing or consulting firms and financial institutions.

    The objectives of this course are therefore to provide the theoretical and empirical skills (through mathematical, statistical, econometric and IT tools) to :

    1. value and manage basic or sophisticated financial assets and/or asset portfolios ;
    2. identify and quantify the different types of financial risk faced by financial institutions, banks and companies;
    3. propose strategies to mitigate financial risks and optimize risk return.

    The course is also intended to introduce students to financial research by developing their analytical, synthesis and critical thinking skills.

    In order to respond to the internationalisation of professional opportunities in finance, the MRF course is divided into 2 streams: the classic stream specialised in financial risk management where a large part of the courses are given in English; the international stream where all the courses are given in English for non-French speaking students.

    Within the framework of this international track, several partnerships with the University of Ca Foscari Venice, the Catholic University of Louvain, the University of Tübingen and HEC-Liège, allow students who wish to do so to obtain double degrees and to follow 1 year of courses abroad in addition to the Master's year followed at our establishment. Applications for these double diplomas have a specific calendar and procedure (more upstream than the classic applications, please ask the secretariat for more information).

    A partnership is in place with the SFAF (French Society of Financial Analysts) for the "Financial Risk Management" course completed by the DESU "Asset and Asset Management". This partnership M2 MRF + DESU Asset and Asset Management integrates the preparation and the passage of the AMF Certification and allows to pass, at choice, via equivalences and preferential conditions, the professional international diplomas CIWM (Certified International Wealth Manager) or CIIA (Certified International Investment Analyst).
    This partnership also exists for the Master 2 Asset Management.

  • Teachings

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

    • Semester 3 M2 Finance Typical Financial Risk Management (FRM) course (30 credits)
    • Numerical technics in finance (8 credits)
      • Financial software
      • Optimization methods in finance
      • Financial econometrics
    • One course to choose from among two (22 credits)
    • Classical stream (22 credits)
    • Valuation and asset management (12 credits)
      • Numerical option pricing
      • Portfolio management and performance measure
      • Bond management and interest rate risk
      • Financial derivatives
      • Structured products and bonds
    • Financial risk management (10 credits)
      • Risk management practices
      • Banking risk management
      • Measurement of financial risk
      • Ethics and financial regulation

    International Track (only available to students who have not completed M1 Finance) (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 EU
    Introduction to econometrics (0 credits)

    Half-year 4 M2 Finance Financial Risk Management (MRF) (30 credits)

    • Advanced corporate finance (6 credits)
      • International corporate financial management
      • Financial analysis
      • Financial engineering
    • Option: 1 EU to choose from 2 (24 credits)
    • EU for the vocational stream: (24 credits)
      • Research methodology
      • Advanced topics in finance
      • Minor thesis
      • Intership
    • EU for the research sector : (24 credits)
      • Research methodology
      • Advanced topics in finance
      • Research thesis
  • Admission

    Who can apply?

    Any student who has validated 60 ects.

    How do I apply?

    Apply at the time of admission on the dedicated platform.

  • Practical information

    The teaching team is made up of Lecturers-Researchers Economists and Managers exercising their research activity in the field of Finance and in particular in that of Market Finance and International Finance. This team is complemented by professional lecturers holding positions of responsibility in large companies and financial institutions. These professionals provide about half of the teaching in the Master 2 program.

    Most of the teaching is given by both academics and professionals in the sector. The theoretical concepts are illustrated by case studies where students are asked to solve concrete risk management problems, create risk management strategies and discuss the results.

    A large part of the Master 2 courses are taught in English for the classical track or entirely in English for the international track.
    The oral exam at the end of the Master 2 allows the validation of a part of the acquired competences in terms of competences based on subjects chosen at random and developed by the student. The jury is made up of the course director and one or more members of the teaching team.

    An internship of approximately 24 weeks is compulsory for students who do not wish to pursue a doctoral thesis. A skills booklet is filled in at the end of the internship by the company tutor and the trainee. This internship may give rise to a written report in the presence of the tutor in the company and in the training course as well as the person in charge of the training course.

    For students who wish to continue with their doctoral thesis, a research thesis (instead of the internship/ minor thesis) will be carried out in order to assess the student's capacity for analysis, synthesis and critical thinking. The dissertation will be presented before a dissertation jury comprising at least one external rapporteur, one internal rapporteur and the dissertation director.

    Teaching volume

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

    This training is available in

    • Initial training
    • Continuing education
    • Work-linked training: Courses are concentrated from Monday to Wednesday so that students can work-link the rest of the week.
    • Training under a professionalization contract
  • What's next?

    Professional opportunities

    • Chief Financial Officer
    • Financial controller
    • Treasurer
    • Business Manager
    • Financial Analyst and Engineer
    • Portfolio Manager
    • Wealth Manager
    • Asset Manager
    • Private Banking Advisor
    • Capital Management Consultant
    • Financial Investment Advisor
    • Asset Manager
    • Back and middle office manager
    • Front Office Manager
    • Quantitative Financial Analyst
    • Credit and Bank Risk Analyst

CONTACTS

Pedagogical Manager

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Christelle
LECOURT
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University Professor

Administrative Manager

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Béatrice
BÉCAAS
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Administrative Manager Training - FCA