ECTS
120 credits
Duration
2 years
Training structure
Faculty of Economics
Language(s) of instruction
French
Presentation
This program trains professionals in market finance and researchers specialized in this field. It offers specialized teaching in the theoretical and quantitative fields related to products traded on financial markets. In particular, it deals with the determination of risk management through the use of statistical methods.
This course is a continuation of what has been done until the academic year 2020-2021 with developments that allow the integration of changes in the risk analysts' jobs. 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, students will be able to integrate the risk control departments.
Objectives
The objective is to differentiate itself from the regional offer (in Montpellier and Toulouse). The Market Risk Analysis track within the MBFA specialization aims to develop students' quantitative skills (statistics, econometrics, numerical methods), as well as computer and programming skills (VBA, R, SAS, Python).
On a national level, it competes with the Masters in Finance of the University of Dauphine and with engineering schools.
The main objectives are:
- To deepen the teachings in financial economics and economics.
- Acquire a mastery of the organization and operation of the most common financial products (stocks, bonds, etc.) as well as speculative markets (energy, raw materials, commodities, etc.).
- Acquire technical training based on the handling of large financial databases with multiple frequencies, associated with the most powerful computer software.
- To become aware of the latest techniques in the stock market industry.
Organization
Special arrangements
Study and exam accommodations are possible for students with disabilities and/or high-level athletes.
Program
See knowledge control methods
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
Admission
Conditions of access
CANDIDATES:
How to register
Registration is carried out during the registration period after a favourable opinion on a Master's degree application.
Capacity
40 students in the first year of the Master's program
30 students in the second year of the Master's program
And then
Professional integration
This master's degree is intended for professionals and leads to employment. A doctorate is possible, provided that the applied research thesis is of high quality.
This program is designed to train high-level executives for careers in banks, private equity (venture capital), audit and consulting firms, and large corporations.
Graduates of the Market Risk Analysis program often manage to obtain permanent contracts at the end of their internship in the risk management departments of banks, insurance companies or asset management firms. Some of the students even manage to move abroad (to London, Hong Kong, Tokyo, New York) with employment contracts offering very important responsibilities and salaries.
Some students prefer to go into research as part of a doctoral thesis.