• Targeted level of study

    BAC +5

  • ECTS

    120 credits

  • Duration

    2 years

  • Training structure

    Faculty of Economics

  • Language(s) of instruction

    French

Presentation

The Master's degree in Money, Banking, Finance and Insurance comprises 5 courses:

  • Market Risk AnalysisCourse
  • Banking Risk AnalysisCourse
  • Actuarialcourse
  • Financial Engineeringcourse
  • Economic and Financial Information Systemcourse
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The advantages of the course

  • Since 2019, the Faculty of Economics is equipped with a trading room which implements innovative teaching practices in concrete trading situations and analysis of financial data and information.
  • It is the only master's degree in the Hérault department and in the region that offers a real opportunity for students to consider a career in financial engineering. It is worth mentioning that this will be one of the rare courses in financial engineering within an economics faculty in France.
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Objectives

The Market Risk Analysis course provides a mastery of the organisation and operation of the most common financial products (shares, bonds, etc.) as well as speculative markets (energy, raw materials, commodities, etc.).

The Banking Risk Analysis course enables students to acquire skills in banking risk modelling tools and the banking environment. A good knowledge of banking operations and products.

The Actuarial Science course provides students with the opportunity to acquire skills in actuarial methods and tools and to apply them to their professional practice. Theoretical and methodological knowledge necessary to pursue a career as an actuary and to prepare future researchers in this field.

The Financial Engineering course enables students to acquire advanced financial engineering techniques, techniques that allow them to integrate the global dimension of the problems to be dealt with and their strategic stakes, and to be open to the international environment.

The Information Systems course provides skills in computer science, information systems modelling and economic and financial data mining.

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Know-how and skills

This endorsement allows :

                - To provide students with the necessary skills to work as risk analysts (analysing the different types of risk) in order to be able to propose personal solutions in the field of risk management (risk assessment of complex products, construction of structured products or complex portfolios, etc.) and actuarial science.

                - To provide students with the skills to conduct research in public organisations and to understand financial and banking regulation and operations, to detect, assess and model risks and to evaluate financial products

                - To master the tools of financial modelling as well as financial and banking econometrics and financial engineering techniques that allow students to apply for jobs as market operators, portfolio managers, financial risk analysts and back office functions, actuary analysts.

               - Acquire sufficient knowledge to apply for the Doctoral Contracts competition and/or to enrol in a Doctorate

               - Computer literacy and the ability to model and use computer tools, software or packages often used in the markets.

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Organization

Special facilities

Study and exam accommodations are possible for students with disabilities and/or high-level athletes.

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Internships, tutored projects

Internship

Possible

Internship abroad

Possible

Optional internship in Master 1 :

This internship must be directly related to the course and must take place outside the course period.

No fixed duration, but must not end later than 31 August.

Compulsory internship in Master 2: 3 to 6 months maximum (924 hours maximum)

Start date: February - March / end date: 30 September

 

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Programme

The Master's degree is organised in two years: Master 1 and Master 2

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Select a programme

Market Risk Analysis (MBFA MENTION)

This programme trains professionals in market finance and researchers specialising in this field. It offers specialised teaching in the theoretical and quantitative fields relating to products traded on financial markets. In particular, it deals with the determination of risk management by combining statistical methods.

This course is a continuation of what has been done up to the 2020-2021 academic year, with developments that allow the integration of changes in the risk analysts' professions. In particular, it is a question of integrating the regulatory constraints of Basel III in the measurement of market risks (calculation of Value at Risk (VaR), Expected Shortfall (ES), and their validation (backtesting). The objective is to provide students with effective tools for measuring and hedging the risks faced by financial institutions (banks and insurance companies). The skills acquired at the end of their training in market risk analysis will enable students to join risk control departments. 

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Banking risk analysis (MBFA MENTION)

This course trains banking finance professionals and researchers in this field.

It offers the modern practice of programming associated with statistical methods applied to large financial databases, with the aim of managing banking risks.

This course takes into account the constant changes in the banking sector, in particular the changes in the banking risk analysts' jobs. Over the last few years, the banking professions have undergone profound changes. This evolution of the banking professions and the globalisation of operations have generated new risks. International operations account for an increasing share of credit institutions' balance sheet and off-balance sheet activities, while market operations are becoming more diversified and more complex. These developments have generated new types of risk and changed the factors of financial fragility that can affect the quality of the situation of banks. As a corollary, the banking supervisory authorities have imposed prudential rules in order to prevent banks from failing. These rules are part of preventive action programmes aimed at promoting the stability of domestic banking systems.

This new training offer allows the integration of Basel III regulatory constraints in the measurement of banking risks such as liquidity risk, asset liability management (ALM), etc.

 The objective is to provide students with three types of skills, know-how in the mastery of quantitative methods (econometrics, analysis of large databases, etc.), in the analysis of risks, in particular banking risks and banking regulations, and in the mastery of computer tools (SAS, R, VBA, Python....) The courses of this Master in quantitative subjects take place in the MUSE Trading Room.

 These skills enable students to be equipped with effective tools for measuring the risks faced by financial institutions, enabling them to join risk control departments....

Strong links have been established for many years with regional and national professionals, such as the regional director of the Ecole Supérieure, the regional delegate of the French Federation of Banks, etc. Numerous interventions by professionals are effective in Master 2 courses or through the course's professionalization conferences. These professionals share their professional experience and explain the jobs they can expect to do on completion of the Master's degree. Internships are often obtained after these presentations.

Conferences on Big Data, Artificial Intelligence (Python programming), ..... are organised by Data Scientist specialists.

Students thus benefit from a very good professional training based on solid theoretical knowledge and on professional application by recognised experts in the field through tutorials or professional conferences. This allows a large majority of graduates to find a job within six months of completing their Master 2. The integration rate is over 77%. 

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Economic and Financial Information System (MBFA MENTION)

This course offers in-depth teaching in economics and econometrics.

It also provides students with skills in information systems modelling and economic and financial data mining.

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Actuarial Science (MBFA MENTION)

Actuarial Science is a course in the Money, Banking, Finance and Insurance field.

This course provides the theoretical and methodological knowledge necessary to pursue a career as an actuary and to prepare future researchers in this field.

  • What is an Actuary?

A professional specialising in the application of probability and statistics to insurance, finance and welfare issues.

To do this, they analyse the financial impact of the risk and estimate the future flows associated with it. The actuary uses mathematical techniques, mainly from probability theory and statistics, to describe and model certain future events in a predictive way, such as the length of human life, the frequency of claims or the size of the associated financial losses.

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Financial Engineering (MBFA MENTION)

This course trains professionals in financial engineering and researchers specialising in this field.

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Admission

Conditions of access

From May to July, you must fill in an eCandidat file if you are
- Third year student in the Faculty of Economics
- Already enrolled in French or European higher education regardless of your nationality,
- European Union national regardless of the country in which you reside,
- International student, residing in France or not having a study centre in France in your country of origin, otherwise you have to apply through the Centre des Études en France (CEF)
- Once accepted, enrolment takes place between the beginning of July and end of September.

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Target audience

And then

Professional integration

The students in this field prepare themselves globally for the multiple professions in banking, finance, insurance, financial engineering, as well as data processing
(data analyst) and the design of information systems.

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