ECTS
120 credits
Duration
2 years
Training structure
Faculty of Economics
Language(s) of instruction
French
Presentation
This course is designed to train market finance professionals and researchers specializing in this field. It offers specialized training in the theoretical and quantitative aspects of products traded on financial markets. In particular, it covers the determination of risk management using a combination of statistical methods.
This course is a continuation of what has been done up to the 2020-2021 academic year, with developments that enable the integration of changes in the risk analyst professions. In particular, it will incorporate Basel III regulatory constraints on market risk measurement (calculation of Value at Risk (VaR) and Expected Shortfall (ES), and their validation (backtesting). The aim is to equip students with high-performance tools for measuring and hedging the risks faced by financial institutions (banks and insurance companies). Once they have acquired their skills in market risk analysis, students will be able to join risk control departments.
Objectives
The aim is to stand out from the regional offer (in Montpellier and Toulouse). The Market Risk Analysis pathway within the MBFA specialization aims to develop students' quantitative skills (statistics, econometrics, numerical methods), as well as IT and programming skills (VBA, R, SAS, Python).
On a national level, it competes with Dauphine University's Masters in Finance and with engineering schools.
The main objectives are :
- Learn more about financial economics and economics.
- Master the organization and operation of the most common financial products (equities, bonds, etc.) as well as speculative markets (energy, raw materials, commodities, etc.).
- Acquire technical training based on the handling of large, multi-frequency financial databases, combined with the most powerful computer software.
- Learn about the latest techniques in stock market-related professions.
Organization
Special features
Special study and examination arrangements are available for students with disabilities and/or high-level athletes.
Program
See how to test your knowledge
Your choice: 1 of 2
English for Finance 1
2 creditsSpanish 1
Theoretical econometrics
5 creditsMarket Finance
4 creditsMonetary and financial macroeconomics
3 creditsForecasting methods
5 creditsAlgorithms and Programming
3 creditsData mining and big data
Data warehouse
Economics of Bancassurance
3 credits
Introduction to stochastic calculus
4 creditsAsset valuation
3 creditsCorporate Finance
4 creditsIntroduction to SAS
2 creditsPortfolio allocation
3 creditsTime series econometrics
5 creditsTechnical analysis
2 creditsApplied econometrics project
5 creditsOptional
Your choice: 1 of 2
Financial English 2
2 creditsSpanish 2
2 credits
Numerical methods
3 creditsFinancial markets and financial theory
2 creditsVBA programming
1 creditsStochastic calculus
2 creditsPortfolio management
4 creditsEnglish for finance
1 creditsTrading algorithms
2 creditsData mining and big data
3 creditsExploratory statistics (SAS)
1 creditsComputer techniques (VBA)
1 creditsMarket risks
4 creditsEconometrics of finance
2 creditsProgramming on R, Python
1 credits
And then
Professional integration
This Master's degree is intended for professionals and leads to employment. Further study at doctoral level is possible, subject to the quality of the applied research dissertation.
This program is designed to train high-level executives for careers in banking, private equity (venture capital), auditing and consulting firms and large corporations.
Graduates of the Market Risk Analysis program are often successful in securing permanent contracts at the end of their internships in risk management departments of banks, insurance companies or asset management firms. Some students even manage to move abroad (to London, Hong Kong, Tokyo, New York), with employment contracts offering considerable responsibility and very high salaries.
Some students prefer to go into research as part of a doctoral thesis.