Master’s Degree in Quantitative Finance and Risk Management draws on the recognized excellence of our engineering school in quantitative finance, and makes great use of the collaborations with the Universities of Paris-Dauphine and Cergy-Pontoise. The Master is primarily going to appeal to international students, "free movers" or those from our partner universities or for high-potential foreign engineers who are looking for an international career in the domain of finance.
This program leads to a Master degree and a Diplôma accredited by the French Ministry of Higher Education and Research.
This Master’s degree covers the whole chain of quantitative finance, from theoretical aspects to the application in a professional setting. The chain can be described as follows:
- Description of the market and financial products
- Mathematical models of finance
- Mathematical models of risk
- Numerical resolution: computer-aided simulation
- Calibration and asset evaluation
Specific details of the Master
- The Master came from the Financial Engineering option (IFI) taught at the ESITI for the last 13 years (all students from the option have found work as soon as their compulsory internships finished, and have an average salary 20% higher than the norm in this sector).
- In and of itself, the Master is intrinsically international.
- The theoretical teaching of this Master is very thorough, covering everything needed to know in the associated professions. As a consequence, the students are very adaptable to the work market.
- The Master offers a 3-skilled approach, in Computer Science, Mathematics, and Finance.
The training lasts 1316 hours (646 hours in M1 and 670 hours in M2).
The semesters are divided as follows:
- M1 courses take place from September until June and count for a total of 60 ECTS
- M2 courses take place from September until mid-April and count for a total of 44 ECTS
- A five-month internship (in France) from mid- April until mid- September for 16 ECTS. Usual indemnities are around 1000 € per month.
The Master’s degree counts for 120 ECTS (European Credit Transfer System) in total and lasts two years.
Program taught in: