The MSc in Financial Engineering is an advanced programme designed to give you in-depth know-how of the main concepts of finance related to stocks, bonds, derivatives and alternative investments as well as the analytical tools used in the industry.
If you have a quantitative background or prior training in finance and seek an international career in financial engineering, this programme is for you. You will master how to structure, price and risk-manage financial instruments and learn the fundamentals of financial risk management.
With this degree in hand, you will be able to secure a career in market finance (sales, structuring and trading), in research, risk or portfolio management.
Location: Nice Campus from September to May
Program length: Sept-May: on-campus academic courses* / June onwards: work experience
Deadline to apply: 30-Jun-22
*Based on applicants’ background, some remote and self-paced courses may be required from July-August before starting the program
The Chartered Alternative Investment Analyst Association (CAIA) is a non-profit global organisation that seeks to improve investment and societal outcomes of capital allocation through professional education, transparency, and thought leadership across all investor alternatives. It gathers an elite group of more than 12,000 professionals worldwide.
Sept-May: on-campus academic courses* / June onwards: work experience
*Based on applicants’ background, some remote and self-paced courses may be required from July-August before starting the program
♦ 18-month full-time programme: 1-year academic & 4-6-month internship/work placement
♦ Taught entirely in English
♦ A mix of foundation courses, core courses, electives & concentrations
♦ Career Booster
♦ Master Project
♦ French Classes
♦ Asset Pricing
♦ Fixed Income and Derivatives Products
♦ Portfolio Management
♦ Quantitative Techniques in Finance
♦ C++ for Finance
♦ Continuous-Time Finance
♦ Big Data Applications for Financial Markets
♦ Macroeconomy, Investments and Financial Markets
♦ Monetary Policy & Central Banks' Watching
The personal and professional benefits of an internship are immense and long-lasting. Expanding your global contact network is no different. During your internships abroad you will develop valuable business relationships which will take your career goals to an international level. Many students find their jobs as a result of internships during their time at EDHEC.
The Master Project allows you to put acquired knowledge and skills into practice. If you prove your ability to perform high quality research, EDHEC faculty or members of its research centres may, working under their supervision, offer you the opportunity to deliver your Master Project in the form of applied research.
ALLIANZ, ALPHA, BANK OF AMERICA, BLOOMBERG, BNP PARIBAS, DEUTSCHE BANK,
GOLDMAN SACHS, MORGAN STANLEY, SOCIETE GENERALE, UNION SECURITIES.
"The EDHEC Master in Finance programmes have equal impact on skills and careers. They provide business relevant education for students who seek top-level positions within leading, global financial institutions. Thanks to their close ties with major financial industry players, the EDHEC-Risk Institute and Programme Corporate Partners, our programmes will help you become a leader in finance."
— Laurent DEVILLE, Director, Finance Track
Our teaching methods are aimed to give you the core competencies necessary to compete in a complex and competitive business environment. You will learn to deepen your analytical thinking, develop practical skills, and design creative strategies for business success.
Our methodology includes:
♦ Core curriculum
♦ Blended learning
♦ Applied learning
♦ Personal performance coaching
Professor, Head of Faculty (Data Science, Economics and Finance)
Professor, Head of Faculty (Management and Humanities)
Business ethics, Political Philosophy
Associate Professor, Director Financial Economics Track
Associate Professor, Scientific Director of the EDHEC Augmented Law Institute
Professor, Co-Director of the Scientific Beta Advanced Factor & ESG Investing Research Chair
Professor, Director of EDHEC-Risk Institute
Professor, Researcher at EDHEC-Risk Institute
Associate Professor, Deputy Head (Accounting & Law EDHEC BBA)
Accounting, Management Control
Professor, Director of the PhD in Finance, Director of the MSc Risk & Finance
Professor, International Academic Affairs & Standards and Policies
SC Training & Consulting SARL
Michel Crouhy, PhD
Head of Research & Development
Mélanie Delvaux, MBA
Assistant Manager, Cross Border Tax/M&A
Deloitte SA Luxembourg
Dan Galai, PhD
ABE Gray Professor of Business Administration
The Hebrew University, Jerusalem
Georges Hübner, PhD
Co-Founder & Chief Scientific Officer
Gambit Financial Solutions
Georges Iatridis, PhD
Associate Professor of Accounting & Finance
University of Thessaly
François-Serge Lhabitant, PhD
CEO & CIO
Kedge Capital Fund Management Ltd
Sanjay Sharma, PhD
CRO, Global Arbitrage &Trading
RBC Capital Markets
Upon completion of this course, you will know the main statistical indicators to analyze empirical data and what a (random) variable is as well as the standard probability distributions. More specifically, you will be able to create appropriate graphs for statistical analysis, run or interpret confidence intervals, p-values, and linear regression models. You will also be able to write and test R code in a Jupyter notebook or R Studio, import and manipulate data from standard formats, use built-in R functions to perform basic statistics.
> THE DISCRETE-TIME CASE
The objective of the course is to provide students with state-of-the-art answers to two fundamental questions: how should we measure risk? How do we measure risk reward? The answers to these questions will include Arbitrage Pricing Theory (APT), utility functions, optimal consumption-saving decisions, and equilibrium asset pricing. Upon completion of this course, you will be able to implement arbitrage pricing methods and understand the economic drivers of equilibrium pricing using multifactor models as well as a thorough understanding of expected utility, Euler equations, and the consumption CAPM in discrete time
> THE CONTINUOUS TIME CASE
This is an advanced course in portfolio management. It addresses the usual financial issues like portfolio choice and asset pricing from the perspective of a long-term investor in the economy. A standing assumption is the realistic ability of traders/investors/consumers to rebalance frequently their portfolios. Horizon-dependent investment strategies emerge naturally together with multifactor asset pricing models. Upon completion of this course, you will understand how horizon tilts asset allocation and the implications for asset prices as well as solving dynamic portfolio choice problems and compute equilibria in dynamic economies.
Data Science for Finance Track
Investment Solutions Track
Our MSc students have the opportunity to apply for a study tour in London. The objective is to immerse them into a real professional and cultural environment in order to get acquainted with specific industry practices.
BOOST YOUR CAREER
Understanding and developing the attributes and skills employers require is key to employability. This is why the EDHEC Career Centre offers a programme specifically designed to help master’s students define and achieve their career goals ‒ the EDHEC Career Booster. The programme looks at students' specific needs, wants and goals in the context of their professional development and matches them to job-market requirements.
Eighty percent of our EDHEC Career Services for students are tailored to individual needs and career goals.
YOUR CAREER GOALS
Through a four-step programme, which includes self- and 360-degree assessment, you will get to know yourself better, identify your strengths, key attributes and areas for development, and define your career goals and job-search strategy. You will benefit from year-round individual career advice from dedicated counsellors, external experts and coaches, both on campus and remotely, as well as personalised coaching based on our in‑house assessment.
YOUR CAREER TRAINING
Through voluntary and mandatory career training, workshops, CV clinics and assessment centres, you will hone your skills and learn to master the most competitive recruitment processes. As an MSc student, you will benefit from customised training by industry, market and function, in addition to individual mock interviews, including technical interviews and case practice. EDHEC Career Centre also offers a fully online career development programme that allows you to train at your own pace, in line with your goals.
YOUR CAREER OPPORTUNITIES
EDHEC Career Centre organises more than 120 events annually, focusing on industry-specific insights or jobs, market trends and companies. It also organises four company trips to Dublin, London, Luxembourg and Paris. You will have access to exclusive internships and job offers.
List of services Career Centre provides:
Every year EDHEC Career Centre organises a number of events throughout the year to give its students an opportunity to learn about job and internship opportunities offered by companies, government agencies, and non-profit organizations where they might like to work with.
Learn more about the various events organised by the career centre department.
► Please Note: Applications are received and evaluated on a rolling basis until 30th of June 2022.
All of EDHEC's full-time MSc programs are accredited by the CEFDG at the Grade Master level. Enrolled students are eligible for a Temporary Resident Permit (or APS for Autorisation Provisoire de Séjour) at the end of the program.
*Tuition fees are provided for information only and are subject to change.
EDHEC seeks talented candidates from diverse backgrounds, with a history of academic achievement and demonstrated potential for growth and professional success.
♦ 3-year bachelor degree minimum.
♦ English proficiency tests with minimum scores of:
► English native speakers or those holding a degree taught in English (minimum 3 years) are eligible for an English Test waiver
Strong GMAT or GRE or TAGE MAGE or CAT* official test score report (CAT* for Indian students only) or CFA Level II
♦ Letter of motivation
♦ Academic transcripts
♦ 2 letters of recommendation
♦ Online interview to complete
EDHEC welcomes applications from candidates of all nationalities.
Apply online here.
Your application file will be processed by the Admissions Team and sent to the Selection Committee for appraisal. The Selection Committee takes place on a rolling basis from October to June 30th. It is advised to apply early in order to stand out.
You will be informed by email on the progress of your file including the final decision.
♦ If you are a new user, you must create your account / Sign up.
♦ If you already have an account (candidate EDHEC student), please jump directly to step 5 by clicking on the "Apply online" button. It means you are already in the system, so there is no need to "create your account".
♦ After creating your own account you will receive a validation e-mail. Click on the link provided in this mail to activate your account.
♦ You will then receive a confirmation containing your personal login and password.
♦ Once you register or if you already have a valid EDHEC account, access the online-application form and enter your login.
♦ To avoid losing your information during your application, please do not refresh the current page or go back to the previous one without saving your application first.
♦ Your application may be done in several stages. The information entered each time will not be lost.
♦ Before going to the tab "Payment", please check that you have not forgotten any element of your application file and that all the information is correct. Further modifications will not be possible after payment has been made.
♦ Application fees must be paid online.
♦ After validation, your application will reach to the final stage and no reimbursement will be possible, even in the event of your withdrawal.
♦ If you encounter any technical problems during the completion of your online application, please send an email to: [email protected]
♦ Important Note: Please use only ONE email address to submit your Online Application and to communicate with the Admissions team.
As part of EDHEC's strategic plan "Impact Future Generations", EDHEC has been committed to enabling talented students to pursue their studies through a diverse & transparent scholarship scheme. The French Ministry of Foreign and European Affairs also offers a large number of grants and scholarships and there are numerous bodies worldwide supporting the study of international students joining a Master's program. Below is a comprehensive view of scholarships, grants and loans available.
Scholarships and financial aids can be critical factors when it comes to embarking on a Master's program, so we aim to make the process as simple as possible. All admitted candidates are automatically considered for an EDHEC scholarship. Results from the scholarship committee are announced by email at the same time as the admission result. No additional document is required apart from scholarships marked with a *.
EDHEC Academic Excellence Scholarship offers high-potential candidates up to 50% reduction on their tuition fees. The scholarship supports high-profile candidates based on the excellence of their academic profile, impressive experience and extracurricular activities.
Deadline: June 30th.
A selective range of country and sector specific scholarships are also available, all subject to a June 30th deadline; full details below:
EDHEC scholarships are not cumulative.
Through established and strong partnerships with local & international bodies, EDHEC has secured a number of grants and financial aids helping talented students join their dream program.
AUSTRIA - GERMAN - SWITZERLAND
The EIFFEL Scholarship offers financial support to high-achieving international candidates. It awards about €1200 per month. The scholarship is financed and managed by the French Ministry of Foreign Affairs and International Development
EIFFEL and EDHEC scholarships cannot be combined.
UNITED STATES OF AMERICA
The International Students Office (ISO) assists students to settle in smoothly in France by organising orientation events and multicultural seminars to welcome international students to EDHEC Campuses in Lille and Nice. The team guides students with administrative procedures before their arrival and during their stay and answers all questions about French systems (medical and home insurances, banks, resident permits, etc.).
What are the deadlines to apply for the programmes?
Do you accept scanned documents?
Should the application file and the two recommendation letters be typed or written freehand?
Will the International Admissions’ team contact the referees to send the letters of recommendation?
Will my referees receive an automatic confirmation when they send the letters by email?
Will I have an interview with the Programme Manager?
How is the Online interview conducted?
Can I apply for more than one programme?
English proficiency test
What are the expected scores?
What is the EDHEC's institution code for the TOEFL?
Can I apply for a waiver?
► English native speakers or those holding a degree taught in English (minimum 3 years) are eligible for an English Test waiver.
Is there any help for students with regard to campus housing?
What is EDHEC's code for GMAT?
As a reminder, aptitude tests* are required for some programs and optional for others. Please see “Admission requirements” on your program of interest. (*GMAT/GRE/TAGE MAGE/CAT official test score report for Indian students only of CFA level II for Finance programs only
*(GMAT/GRE/TAGE MAGE/CFA level II (for Finance programs only) / CAT official test score report for Indian students only)
Can I add an unofficial GMAT score report to my application file?
How does financial aid apply to the tuition fees?
What is the EDHEC Career Centre?
Complementary courses in French are offered to all international students enrolled in our MSc programmes. Our French classes cover all learning levels, from complete beginner to advanced study. The goal is to support your acculturation to French culture and give you the linguistic foundation—grammar, vocabulary, reading, writing and listening—to express yourself in the French language.