The aim of the Advanced Studies and Research in Finance (ASRF) program is to train graduates with a strong background in financial analysis in an international context, as well as specialists in quantitative financial management and market finance. The program prepares students for the CFA (Chartered Financial Analyst) exam.
It provides professional opportunities in consulting and research (fundamental or applied), both in the academic sphere (universities, business schools) and in financial organizations (banks, insurance companies, financial institutions, etc.).
The program is designed to train both French and foreign students who are interested in an international career in finance. This is the reason why all the courses are taught in English based on international course formats ( project-based). Depending on their academic project (research or CFA® preparation), students choose electives.
The lecturers use international financial databases (Bloomberg) and their teaching is based on international standards and regulations in terms of risk management (banking risks in particular), financial markets, and accounting.
A significant advantage: 3 professional certifications are included in the Master’s degree: AMF, Bloomberg, CFA Professional Certification. IGR-IAE Rennes
AMF (French Financial Markets Authority) certificationThe students of the Master 2 Finance with sufficient command of French can take the AMF (French Financial Markets Authority) certification. This opportunity is offered to students thanks to the support of the IGR-IAE Foundation.
Bloomberg certification (Bloomberg Market Concept) with the Bloomberg InstituteWith our trading room featuring Bloomberg terminals, it is possible for you to take the internationally recognized Bloomberg Market Concepts (BMC) certification through online training (approximately 10 hours). The cost of this certification is covered by IGR-IAE.
Preparation for the CFA level 1 finance certificationThe CFA®, Chartered Financial Analyst is undoubtedly the most renowned international professional certification in Finance, both in banking and business. Passing the 1st of the 3 levels at the end of your M2 Finance is a significant asset that will make you stand out and give you a crucial advantage when it comes to recruitment. Only 2 other Masters in Finance and the 5 best Grandes Ecoles in France include CFA level 1 preparation. Registration for the CFA exam is to be done directly with the CFA Institute (cost varies depending on the date of registration: about 1000 euros).
The “Studies and Research in Finance” course of Master 2 introduces students to in-depth knowledge in the traditional fields of finance.
A very specific feature of the program is the significant number of hours in French as a Foreign language given in September (intensive course) and throughout the academic year, preparing the students for the mandatory work placement (internship) at the end of the program and for a professional experience in France.
TU 1: Recent advances in asset management and financial markets
Options and Markets
TU 2: Recent advances in corporate finance theory
Capital structure theory
Corporate Finance 1
TU 3: Recent advances in banking finance
Management Control for Financial Institutions
Risk management in banking
TU 4: Quantitative techniques and data management
VBA for Finance
Introduction to Bloomberg
Introduction to econometrics
TU 5a: Preparation 1 to CFA (CFA track)
TU 5b: Preparation to research: theory and practice (research track)
Quantitative financial risk management
Introduction to time series analysis
Research trends in banking and finance
French as a Foreign Language
TU 6: Recent advances in financial markets and corporate finance
Fixed income securities
Corporate Finance 2
TU 7: Financial accounting and reporting
TU 8a: Preparation to CFA (CFA® track)
TU 8b: Preparation 2 to research: theory and practice (Research track)
TU 9: Conferences and seminars
TU 10: Internship
French as a Foreign Language
How to apply
Tuition fees for the academic year: 6990€. They include intensive French classes and preparation for the CFA® (CFA® track).
The enrollment fee to the CFA® exam is not included. The fee does not include the CVEC (Student and Campus Life Contribution, 92€ for 2020-2021) and other living expenses.More information on the fee structure can be found on the program website.
Admission requirements and procedure
The Master of Finance – Advanced Studies and Research in Finance (ASRF) is an English-taught Master 2 program, leading to a Master’s degree fully accredited by the French state. To be eligible to apply, students should hold a 4-year Bachelor’s, or a Master 1 or Master 2 or a 4 or 5-year business school diploma. Holders of a 3-year Bachelor’s Degree are not eligible to apply.
Students apply via an online application system, the link can be found on the Master of Finance ASRF program page.
Before starting the online application, students should prepare the application documents. The list of application documents can be found on the "How to Apply" page of our website.
Campus France procedure
If you reside in one of the countries listed below, you will also have to apply for admission via the official government’s website for foreign students: www.campusfrance.org
Algeria, Argentina, Benin, Brazil, Burkina Faso, Burundi Cameroon, Chile, China, Colombia, Comoros, the Republic of the Congo, South Korea, Ivory Coast, Egypt, United States, Gabon, Guinea, Haïti, India, Indonesia, Iran, Japan, Kuwait, Lebanon, Madagascar, Mali, Morocco, Mauritius, Mauritania, Mexico, Peru, Senegal, Democratic Republic of Congo, Russia, Senegal, Singapore, Taiwan, Togo, Tunisia, Turkey, and Vietnam.
Both the direct application to IGR-IAE RENNES and the Campus France procedure should be conducted in parallel. If you need help with the application process, please contact your local French embassy or Campus France office for advice and guidance.
If your country is not listed here, you will only have to apply online.