Program Overview

Investment Banking and Markets Program

The Investment Banking and Markets program is a comprehensive course of study designed to equip students with the knowledge and skills necessary to succeed in the field of investment banking. The program consists of 450 hours of instruction, spread out between September and July, and is structured on a rotational model that combines on-campus instruction with work experience.

Program Structure

The program is divided into two semesters, with the first semester focusing on foundational courses and the second semester offering specialized courses in either Corporate Banking or Capital Markets.

Semester 3

• Investment Banking: This course provides an overview of the principles and practices of investment banking, including strategic planning, risk management, and financial modeling.
• Recherche Actions: This course covers the fundamentals of financial analysis, including financial statement analysis, ratio analysis, and financial modeling.
• Econométrie: This course introduces students to the principles of econometrics, including regression analysis, time series analysis, and forecasting.
• Gestion d'Actifs: This course covers the principles of asset management, including portfolio theory, risk management, and performance measurement.
• Produits dérivés: This course provides an overview of derivative products, including options, futures, and swaps.
• Marché de devises: This course covers the principles of foreign exchange markets, including exchange rate determination, risk management, and trading strategies.
• Marché de Taux: This course provides an overview of interest rate markets, including yield curve analysis, risk management, and trading strategies.
• Analyse de crédit: This course covers the principles of credit analysis, including credit scoring, risk assessment, and lending decisions.
• Banking regulation and risk management: This course provides an overview of banking regulation and risk management, including regulatory frameworks, risk assessment, and mitigation strategies.
• Sustainable finance: This course covers the principles of sustainable finance, including environmental, social, and governance (ESG) factors, sustainable investing, and green finance.

Semester 4

• Coverage et relations clients: This course provides an overview of client coverage and relationship management in investment banking, including sales strategies, client service, and account management.
• Advanced Asset Management: This course covers advanced topics in asset management, including alternative investments, hedge funds, and private equity.
• Projet International: This course provides an opportunity for students to work on an international project, applying theoretical concepts to real-world problems.
• Expérience Professionnelle: This course provides an opportunity for students to gain practical experience in the field, applying theoretical concepts to real-world problems.
• IPO- Raised Capital: This course covers the principles of initial public offerings (IPOs) and raised capital, including valuation, pricing, and allocation.
• Analyse et Trading dette: This course provides an overview of debt analysis and trading, including credit analysis, risk assessment, and trading strategies.
• Marché de matičres premičres: This course covers the principles of commodity markets, including market analysis, risk management, and trading strategies.

Specializations

Students can choose to specialize in either Corporate Banking or Capital Markets, with additional hours of advanced coursework.

Corporate Banking

• Advanced Corporate Finance: This course covers advanced topics in corporate finance, including financial modeling, risk management, and strategic decision-making.
• Financements structurés: This course provides an overview of structured finance, including asset-backed securities, mortgage-backed securities, and other structured products.
• Ingénierie Financičre et Fiscale: This course covers the principles of financial engineering and tax planning, including financial modeling, risk management, and tax optimization.
• Fusions & Acquisitions: This course provides an overview of mergers and acquisitions, including strategic analysis, financial modeling, and deal execution.

Capital Markets

• Sales structuring: This course covers the principles of sales structuring in capital markets, including product development, pricing, and distribution.
• Python: This course provides an introduction to programming in Python, including data analysis, machine learning, and visualization.
• Produits Dérivés Exotiques: This course covers the principles of exotic derivatives, including options, futures, and swaps.
• Processus Stochastique: This course provides an introduction to stochastic processes, including probability theory, stochastic calculus, and applications in finance.

Research Support

The program is supported by Dauphine's world-class research programs, which ensure high standards and innovation. Research is organized around six disciplines, all centered on the sciences of organizations and decision-making.

Internships and Supervised Projects

In addition to their work at their host bank, students participate in a number of events hosted by the program, including coaching days, seminars, and field trips. Students also have the opportunity to work on supervised projects, applying theoretical concepts to real-world problems.

Teaching Modalities

The program consists of 450 hours of instruction, spread out between September and July. The year is structured on a rotational model, with one day per week on campus and four days per week at the workplace. Students must choose the program that best aligns with their role at the corporate bank, and can choose between Corporate Banking and Capital Markets. The courses will be taught in French or in English, and student performance will be evaluated by means of continuous assessment and a final exam.