Program Overview

M2 Finance | Financial Modelling Course

The programme offers a comprehensive approach to financial and actuarial modelling, equipping students with both empirical and theoretical skills. This enables them to gain a specific understanding of market mechanisms and the tools to model them. The primary objective is to furnish students with a robust set of theoretical and empirical tools, enabling them to thrive in various roles within the financial and actuarial sectors and comprehend future challenges.

Objectives, Skills

By graduation, students will have acquired the following key professional skills:

• Understanding the functioning of insurance and finance markets.
• Analysing and modelling financial and insurance-related settings to formulate effective strategies.
• Evaluating financial assets before making positioning decisions (buying/selling).
• Evaluating companies or projects for funding or transaction purposes.
• Comparing investment strategies.
• Measuring the performance of financial assets.
• Modelling behaviour in the face of risk.
• Solving complex financial problems.

Career Opportunities

Examples of jobs on graduation:

• Risk Analyst, BNP PARIBAS
• ALM analyst, Boursorama
• Actuarial analyst, AXA
• Insurance-Linked Securities Analyst, Gallagher Re
• Assistant trader, CACEIS
• Junior quantitative trader, Woorton
• Junior financial analyst, TOTAL ENERGIE
• Group Risk Manager, CMA CGM
• Credit risk analyst, Engie Global Market

Teaching

Depending on his/her registration and status, the student follows courses of one of the tracks:

• List of courses - Classic track
• List of courses - Magistère economics data science and finance track

Teaching Syllabus

The syllabi will be available in a couple of weeks.

Admission - Second Year

Who can apply?

Applicants should have a strong foundation in microeconomics, particularly in contract theory. Additionally, a solid understanding of probabilities, including conditional probabilities, and statistics (estimating and testing) is essential. Familiarity with notions in the economics of uncertainty is recommended. Priority access is afforded to M1 students from the Master's in Finance of the AMSE department of the Faculty of Economics and Management or to second year students from the engineering program of Centrale Méditerranée. However, parallel entry to M2 may be considered for students who have validated 60 credits at M1 Economics level in a course with a strong quantitative focus.

Practical Information

Registration Regimes

• Initial training
• Continuing education
• Professionalization contract

Internships and Supervised Projects

At the end of the year, students carry out an internship and write a master's internship report. The goal of the report is to prove their ability to apply the conceptual tools they have acquired to issues from the professional world. The student must therefore identify the question, implement the tools and be able to communicate the results to a professional as well as an academic audience. The project is supervised by an academic tutor and by an internship director (from the company). The report is defended in front of a jury comprised of the academic tutor, the internship director and two other people with acknowledged skills (and at least one scholar).

Location and Language

This M2 track is taught exclusively in English and in Marseille.

Studies Abroad and Double Degrees

The student can spend the M1 abroad following one of our double degree programs. In this case, the student spends the entire year abroad. Students work in an international environment, speaking and writing in English.

Teaching and Research

This Master's is part of the Ecole Universitaire de Recherche (EUR) AMSE, which includes almost a hundred researchers from AMU, CNRS, EHESS, Centrale Méditerranée and Sciences Po Aix. The teachers are selected according to their research expertise within those institutions, and the teaching staff is supplemented by practitioners.