Economics, Data Analytics and Corporate Finance Master

General

Program Description

Master Economics, Data Analytics and Corporate Finance

At a glance

  • Diploma: Master’s Degree
  • Type: Industry-oriented degree
  • Number of ECTS credits: 140
  • Start: September 2020
  • Duration: 2 years
  • Language: English
  • Location: France
  • Tuition Fees: €12,000/year

Based on École Polytechnique’s world-class record of excellence in the applied sciences, the Economics, Data Analytics, and Corporate Finance Graduate Degree offers you the unique opportunity to gain a complete, economics-based strategic understanding of new and transforming markets in the 21st-century industry.

Operating in a world of constant flux

With technology permeating every sector of the economy, the increasingly frantic pace of innovation can result in disruption at any level of industry. Corporate giants can suddenly find themselves on the decline, displaced by the meteoric rise of disruptive newcomers – see Uber and Airbnb’s similar impacts in their shake-up of the transport and hospitality sectors.

Disruption can come from many sources: a new market organization, new technologies, regulatory changes, to name a few. Whatever the context, however, technological innovation is never the single, straightforward cause. As markets transform, they also become more difficult to analyze using traditional methods – not to mention to navigate.

Newmarket organizations, or markets that become more complex tend to shake up established patterns. In two-sided markets, the age-old identification of user and customer no longer holds: this is the case, for instance, with Google relative to its users and advertisers. “Platform markets,” on the other hand, derive value from introducing a new intermediary between provider and customer, as seen with hotel booking sites or music streaming companies.

As for new technologies, they can revitalize an aging sector just as they may help spur an entirely new economy. The exploration and production industry provides an example of this with the recent shale gas revolution. Closer to home, 3D printing is full of untapped potential and may very well revolutionize our relationship with manufacturing by making “homemade” the new normal.

Economic, political and societal trends are another factor, especially when expressed through regulatory changes. European energy policy integration has broken up national monopolies and paved the way for the creation of new electricity spot and futures markets, for example. Similarly, supranational agreements on limiting emissions have had the same effect on carbon trading.

A multidisciplinary approach

Every one of these examples includes significant economic, business, strategic and operational components. The capacity to foresee such developments is essential for any corporate strategy aimed at meeting the challenges of the 21st-century economy.

A sound basis for these strategies can be found in quantitative methods, such as statistics and econometrics, which can make sense of the high speed at which these new markets evolve and operate. They provide an approach better suited to analyze competitive environments under conditions of uncertainty, especially in the age of big data.

This is the foundation upon which the Economics, Data Analytics, and Corporate Finance Graduate Degree is based, offering students the opportunity to embrace these new challenges head-on.

Program Description

Following the École Polytechnique’s tradition of excellence in the applied sciences, the Economics, Data Analytics, and Corporate Finance Graduate Degree builds on your scientific training to provide an economics-based understanding of strategy and competition. Primarily intended for students with comprehensive mathematical training and an interest in economics, it is also open to those whose principle background is economics with an advanced mathematical component.

Your degree will focus on the acquisition of two complementary skill sets. The first will apply quantitative methods, including statistics, econometrics and operations research to competitive environments in new and transforming markets. The second major focus of your degree will involve the acquisition of a comprehensive and sophisticated economics-based understanding of corporate strategy in situations of discontinuity and disruption.

To complement your general training in decision theory, industrial organization, and market design, you will be able to draw from our wellspring of advanced technical know-how in various sectors including energy, telecommunications, and transportation. Furthermore, training will be available in practical, cross-sectional skills covering startup management, corporate and social responsibility, crisis management and information systems.

Your teaching will be highly professional-oriented, relying on real-world case studies to uncover the hidden trends guiding the evolution of specific market segments and business models. You will benefit from the École Polytechnique’s wide-reaching network of industrial partners to gain key industry insights from leading business figures, who will present their experiences with discontinuity and disruption in a series of lectures on new corporate strategy. This network of industry-leading companies will also present you with a wide range of internship opportunities, easing your transition into the professional world.

Program Structure

YEAR 1

First period (mid-September to mid-December)

Three mandatory core courses (3x4 ECTS)

  • ECO556: Industrial Organization
  • ECO552: Econometrics I
  • ECO554: Corporate Finance

One elective course to be chosen among (4 ECTS):

  • ECO557: Market Design
  • ECO572: Environmental economics & policy in cities
  • ECO553: Financial Decisions under Risk 1
  • ECO559: Urban Eco. & Housing Market
  • ECO570: Behavioral Finance
  • ECO579: Case Studies in Finance

One elective MIE course to be chosen among (4 ECTS):

  • MIE555: Fundamentals of Strategy & Innovation
  • MIE556: Marketing & Strategy Introduction

Second period (January to March)

Three mandatory core courses (3x4 ECTS)

  • ECO562: Econometrics II
  • ECO583: Business Economics
  • ECO558: Advanced Corporate Finance

One elective course to be chosen among (4 ECTS):

  • ECO588: Digital Economics
  • ECO580: Competition Policy
  • ECO582: Financial Decisions under Risk 2
  • ECO589: Bitcoin and Fintech
  • ECO662: Supply Chains

Two Mandatory Business Games (4 ECTS):

  • ECO563A: Business Game I
  • MIE541A and B: Business Game II

First & second periods

ECO611: Lecture series in Finance and Economics (3 ECTS)

One Foreign language module (French language module for non-French speaking students) - 3 ECTS

Two modules of Humanities and French Culture (HFC551, HFC552, HFC553; HFC561 or HFC562) - 3 ECTS

Sport - 2 ECTS

Third period - March to June/August

4-month internship - 19 ECTS

YEAR 2

In Year 2, students have access to three courses offered by our partner ENSAE, one of the leading French graduate schools in the fields of statistics, economics, finance and actuarial science.

First period (mid-September to mid-December)

Four mandatory courses (4x4 ECTS)

  • ECO650: Firms and Markets
  • ECO651: Econometrics of Competition
  • ECO652: Valuation of Start-ups

One mandatory MIE course (4 ECTS)

  • MIE554: Business model in the digital era

One elective course to be chosen among (if not chosen in Year 1; 4 ECTS)

  • ECO559: Urban Eco. & Housing Market
  • ECO572: Environmental Economics & Policy in Cities
  • ECO553: Financial Decisions under Risk 1
  • ECO557: Market Design
  • ECO579: Case Studies in Corporate Finance

Second period (January to March)

Three mandatory courses (3x4 ECTS)

  • ECO660: New technologies and the sharing economy
  • ECO563: Financial Markets
  • ECO680: Big Data

One mandatory MIE course (4 ECTS)

  • MIE562: Case studies on innovation

One elective course to be chosen among (if not chosen in Year 1; 4 ECTS)

  • ECO681: Competition Policy in Practice*
  • ECO682: Bayesian Methods for Marketing*
  • ECO683: Quantitative Marketing*
  • ECO580: Competition Policy
  • ECO588: Digital Economics
  • ECO589: Bitcoin & Fintech
  • ECO662: Supply Chains

*classes in the ENSAE building

First & second periods

ECO611: Lecture series in Finance and Economics (3 ECTS)

One Foreign language module (French language module for non-French speaking students) - 3 ECTS

One module of Humanities and French Culture (HFC651 or HFC652; HFC661 or HFC662) - 3 ECTS

Sport: 2 ECTS

Third period - March to June/August

6-month internship in France or abroad 19 ECTS

Please note this list is indicative of the structure of the program and may be subject to change.

Career Outcomes

The degree program will provide you with a complete quantitative toolbox and strategic skill set to complement and complete your existing technical background. Your firm grasp on the dynamics of technological innovation in economic, business and organizational contexts will ensure you are ideally suited for a wide range of roles.

A wide range of career choices are open to Economics, Data Analytics and Corporate Finance degree graduates, from Strategic Business Unit leaders to strategy consultants or entrepreneurs. Strategy consulting is an obvious choice as first career step for our graduates, through consulting roles will be by no means limited therein – other avenues include IT consulting, change management, and digital and open innovation. Conversely, many of you will relish the opportunity to launch your own startup, in which case the market knowledge gained from the program will be invaluable. On the other side of the equation, assessing startups and market and investment opportunities is the job of business angels, another obvious career avenue.

Whatever choice you make, the combination of an extensive understanding of transforming markets along with comprehensive quantitative skills will be a valuable asset to your career progression in any environment. Should you begin your career in an operational capacity, you can rest easy knowing that a later transition to a strategy- or leadership-oriented role will be a smooth one thanks to your academic training. Indeed, the Economics, Data Analytics, and Corporate Finance program provides you with a global outlook from the very outset, eliminating the need for a career hiatus for a new round of studies should you choose to change focus.

Finally, École Polytechnique’s network of industrial partners and location at the Plateau de Saclay business and research cluster present a wide range of opportunities across the full gamut of industries and market segments.

Application requirements and deadlines

Applicants must hold or expect to hold a Bachelor's degree in Economics and/or Mathematics or "Diplôme d'ingénieur" prior to the beginning of the program.

English Language requirements

Applicants must demonstrate full English-language proficiency. The tests that we accept are the International English Language Testing System (IELTS), the Internet-based Test of English as a Foreign Language (TOEFL ibt) and the following Cambridge General English Tests: First (FCE), Advanced (CAE) and Proficiency (CPE).

The minimum scores required are:

  • TOEFL IBT 90
  • IELTS 6.5
  • Cambridge Test - First (FCE) Grade B - 176

Scores must date no earlier than two years prior to the start of the program.

List of supporting documents needed

No paper copies are needed for the admission review process. If you are admitted, you may be required to submit official or certified hard copies before the start of the program. Supporting documents include:

  • Scanned copies of transcripts of all previous post-secondary education (including exchange programmes and programmes you did not complete)
  • Official document or letter from your university explaining the grading and ranking system
  • For completed programs: scanned copies of degrees
  • For programs still in progress: certificate of enrolment by your home university stating the title of the expected degree and date of completion. This document must prove that you are at least in your final year of undergraduate studies.
  • Personal Statement. Minimum: approx. 700 words, in French or English. Please use the form provided in the online application system.
  • Contact details for two referees (Names, positions & emails). A letter of recommendation form will be sent directly to them.
  • CV or resume, without any biographical gaps, maximum: 2 pages, in French or English;
  • Copy of passport (or ID card for European students)
  • Copy of TOEFL/IELTS (taken less than 2 years before)

The application deadlines for Fall 2019 are:

  • December 12, 2019 (Applications will open on November 12)
  • March 02, 2020 (Applications will open on January 15)
  • April 27, 2020 (Applications will open on March 16)

The application's website will be open from November 12, 2010, to April 27, 2020. You can initiate your application at any time during this period. However, you will only be able to finalize it within the above deadlines.

Decisions will be released 4 to 6 weeks after the application deadline.

Tuition fees

Tuition fees for 2020/21 are €12,000 per academic year.

Health Insurance

Please note that registration with a health insurance scheme is compulsory in France when you enroll at a Higher Education Institution.

If you come from any of the 28 EU countries, Iceland, Lichtenstein, Norway or Switzerland and are already registered with a national health insurance provider, you must apply for the European health insurance card. This card is free and will give you access to state-provided healthcare during your stay in France under the same conditions and at the same cost as nationals.

Students from Quebec are exempt from joining the French Student Social Security upon presentation of Form #SE401Q106.

Room & Board

Ecole Polytechnique is pleased to provide accommodation on campus for all graduate degree students who apply before June 30th.

The rent is 617 euros per month (including housing insurance). You will also be required to pay a security deposit of 617 euros upon arrival. All residences are equipped with a shared-kitchen but you may also have your breakfast, lunch, and dinner at our university restaurant from Monday to Saturday. A lunch meal costs approximately 2 to 4 euros thanks to our student discount rate. Monthly expenses for meals usually range from 200 to 350 euros.

Financial aid

Students receive assistance from the Housing Office to apply for the French National Housing Benefit "CAF". Students usually obtain a financial aid of 150-200 euros per month.

All our students receive the ISIC card (International Student Identity Card) automatically and for free. They gain preferential and discounted access to over 150,000 products, services, and experiences relevant to all aspects of student life.

Additional scholarship opportunities can be found at CampusFrance website (e.g. French Ministry of Foreign Affairs and International Development for international students). Please note that the French scholarship "CROUS" is not compatible with our degree.

Last updated December 2019

About the School

École Polytechnique is a leading French institute which combines top-level research, academics, and innovation at the cutting-edge of science and technology. Its curriculum promotes a culture of excel ... Read More

École Polytechnique is a leading French institute which combines top-level research, academics, and innovation at the cutting-edge of science and technology. Its curriculum promotes a culture of excellence with a strong emphasis on science, anchored in humanist traditions. The school produces socially responsible professionals who excel in leading complex and innovative projects which address current and future challenges facing our society. Read less