Overview
Practical information
Objectives
Understand the Strategic Impacts of Financial Decisions
The mission of the MSc in Finance program is to provide graduates with advanced knowledge of finance and to prepare them, through an understanding of the strategic impacts of financial decisions, for careers in banking, financial services, or corporate finance with international companies at a managerial level.
The program covers the fundamentals of finance, as well as corporate finance, financial management, and financial markets.
Skills Acquired:
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Upon completion of the program, you will be able to:
- Analyse and evaluate investment projects.
- Propose relevant financing and hedging tools for companies.
- Analyse and make decisions on financing requests.
- Optimise the performance of a portfolio of financial assets.
- Analyse the financial performance and risks of a company.
- Estimate the value of a company in the context of M&A, LBO or IPO operations.
- Negotiate and defend your decisions.
- Be able to consider all stakeholders & analyze alternatives and consequences when making decisions.
Our Strengths
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Prepare your Career in the Sector of Finance
- Tailor your education to your professional goals with a selection of specialisations:
The MSc Finance prepares students for careers in the financial sector such as investment and commercial banking, asset management, financial services and consulting, or for corporate finance positions within international companies at a managerial level. - Prepare for the CFA® exams:
The program provides excellent preparation for the Chartered Financial Analysts® (CFA) exams, as it is based on the CFA® Candidate Body of Knowledge (CBOK) and is part of the CFA® University Affiliation program. It also covers related fields such as management control systems, economics, corporate governance, and private equity investment. - Develop Your Financial and Soft Skills:
Our aim is to provide students with strong technical and analytical skills in the principles and application of finance, as well as solid industry knowledge and multicultural exposure.
- Tailor your education to your professional goals with a selection of specialisations:
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Boost your international career within an inspiring environment
- Study at a top business school in France:
Grenoble Ecole de Management is a triple-accredited organisation, which means it belongs to the top 1% of business schools in the world. In addition, our MSc Finance program is ranked 19th worldwide according to the Financial Times. - Access cutting-edge learning facilities:
Get first-hand access to the GEM Learning Model and access facilities like the Bloomberg trading room on our Grenoble Campus. - Study in a highly international environment and practice multicultural skills:
Study entirely in English, in a group of up to 20 different nationalities, while being taught by multicultural faculty members.
- Study at a top business school in France:
A Word from the Program Director
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Stéphanie Boyer
“Our MSc Finance program is designed for high-caliber graduates looking to work in a range of financial positions. The program focuses not only on acquiring essential technical tools and concepts in finance, but also on developing indispensable soft skills including decision-making, communication, assertiveness, working in virtual and multicultural teams... Being able to choose a specialization will foster your employability as you will learn from professionals and academic experts the skills needed by top employers globally. I look forward to welcome you on our program. You should expect to work very hard but also to develop long-lasting friendships with students coming from all over the world.” - Stéphanie Boyer
Program
Program
Year 1: Core Courses
GRENOBLE CAMPUS
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Fall Semester
Corporate Finance
Quantitative Methods for Finance
Accounting and Financial Statements Analysis
Digital Transformation in Finance
Financial Markets
Languages -
Spring Semester
Auditing & Controlling
International Financial Management
Research Methods
Algorithmics and Financial Modelling
Responsible Leadership
Professional Certification (optional)
Professional experience (3-6 months, internship or full-time employment, anywhere in the world)
Total : 270 hours
Year 2: Specialisation
GRENOBLE, PARIS AND SINGAPORE CAMPUS
Short Track students enter directly year 2.
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Fall Semester
Induction Case Study
Company Valuation
Mergers and Acquisitions
Fundamentals of Ethics and ESG
Advanced Financial Markets
Asset management
Private Equity, LBOs and Venture Capital
Languages
Professional Certification (optional) -
Spring Semester
Advanced Research Methods
Academic Dissertation
Professional Certification
Specialisation
Professional experience (3-6 months, internship or full-time employment anywhere in the world)Specialisations
Students choose one specialisation, certain prerequisites may be necessary. Majors are subject to student numbers.
Quantitative Finance
Advanced Financial Modelling
Dynamic Portfolio Management
Market Risk Management
Commodities MarketsInvestment Banking & Financial Advisory
Investment Banking and ECM
Financial Restructuring and DCM
Advanced Financial Statements Analysis
Investment Banking SimulationSustainable Finance
Sustainable Finance: Introduction and Context
ESG Performance Analysis
Corporate Governance and Climate Change
ESG InvestingTotal : 225 hours
Change Campus or Study Abroad
During Year 2, regular track students have the possibility to continue the program on another campus of GEM (Grenoble, Singapore or Paris). The number of places are limited and conditions apply.
Languages
Learning a foreign language is a must for students looking to work internationally. Non-French speakers will study French (beginner to advanced level), a recommended option for students looking to work in France following their studies. French speakers may choose from a number of other languages at the beginner level.
Personal and Professional Development Workshops
In addition to the core courses, students have the opportunity to attend personal and professional development workshops led by professionals, industry and subject matter experts. These will strengthen the employability profiles of graduates to help them achieve their career goals. Students will also have access to individual counselling sessions, interaction with corporate partners and online resources with jobs and internship opportunities as well as access to specific in house sectorial career focused communities.
Faculty
Classes are taught by GEM faculty, visiting professors from top universities worldwide, and top business professionals. Most of the permanent faculty is engaged in applied research. Their teaching links theory to practice through authentic business cases. Their diverse cultural and international background gives a strong international dimension to the program.
View all Faculty
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Pedagogy
During the taught part of the program, students are assigned 15 to 20 hours of interactive face-to-face teaching per week and are expected to work 30 hours outside the classroom. This includes pre-reading and preparation for class, homework and preparation for assessments. A large part of the face-to-face time is dedicated to putting into practice the financial concepts and theories: exercises, case studies and simulations will be used to develop the employability of students.
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Evaluation
Acquisition of skills and competencies is assessed through continuous assessment, exams, certifications, professional experiences and academic dissertation. In order to validate the degree, students must have at least 4 months of international experience (academic or professional).
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Final Dissertation
To complete the program, students have to write a final dissertation under the supervision of a tutor. Students are encouraged to choose a subject related to their future career as this will strengthen their employability. The dissertation can be completed at a distance and in parallel with full-time employment or an approved internship.
Recognition
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More Information
All GEM MSc programs are internationally recognized by the prestigious higher education quality assurance bodies, AACSB and EQUIS, and are equivalent to a level 7 degree on the European Qualifications Framework, in compliance with the Bologna Agreement for a master’s degree, comprised of 120 ECTS credits.
This academic qualification is recognized at the discretion of each country or university. Students seeking admission to a further course of study or who wish to work in specific country after their GEM program may need to have their GEM degree certified through a process specified by the receiving authority.International Students planning to seek a work or residence permit in France following their studies should be aware that conditions of eligibility will apply.
These include the level and recognition of your qualification, your nationality, income etc.
Please allow plenty of time to complete these formalities, as they can take several months to process.
You can find more details on the French government official website “Service Public”.Please note that visa and permit applications are entirely managed by French immigration authorities and local prefectures.
Grenoble Ecole de Management has no influence over these procedures or their outcomes.
CFA Institute University Affiliation Program
The program provides an excellent preparation for the Chartered Financial Analyst®* (CFA) exams, as it is based on the CFA Candidate Body of Knowledge (CBOK) and is part of the CFA Institute University Affiliation program.
*Chartered Financial Analyst is a registered trademark owned by CFA Institute.
Testimonials
“I am currently an analyst within the Private Wealth Management department of Goldman Sachs in London and I work within the Portfolio Management Group desk where we run discretionary portfolio mandates for wealthy clients. The MSc Finance at GEM helped me find my first internship thanks to its internal job posting (previous alumnus), and allowed me to be able to grasp a bit of every concept within different fields of finance which was very useful for the interviews and in starting my new role.” - Alessandro Toppetti, MSc Finance 2018 Graduate, Analyst at Goldman SachsEmployability
Careers
Employment Statistics*
Employment within 2 months: 70%
Work internationally: 43%
Annual salary with bonus after graduation: <40k€: 30% | 40k€ - 50k€ : 40% | >50k€: 30%
*Based on 2020 graduates
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Some of our MSc Finance Graduate Job Titles
- Investment Banking Analyst
Asset Manager
Financial Controller
Treasurer
Derivatives Trader
Internal Auditor
Sales Specialist in Trading
Commodity Markets Manager
M&A Analyst
Debt Capital Markets Analyst
Financial Advisor
Buy-side/Sell-side Analyst
Financial Auditor
Credit Analyst
Structured Finance Associate
- Investment Banking Analyst
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Employers of our MSc Finance Graduates
- Airbus
Amazon
Barclays Capital
Bloomberg
BNP Paribas
Cadbury
Credit Suisse
Deloitte
Deutsche Bank
Ernst & Young.
European Central Bank
General Electric
Goldman Sachs
HSBC
Hewlett-Packard
JP Morgan
KPMG
Nike
PWC
Rothschild & Co - Royal Bank of Canada
Schneider Electric
Société Générale
Thyssenkrupp
UBS - Under Amour
- Airbus
Work in France
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Regarding finding work in FranceAfter passing their Master’s level degree in France, students may apply for a residence permit which allows graduates to work for a year in France. The permit is called a “Recherche d’emploi ou Création d’entreprise” residence permit. For more details, you may consult the relevant Campus France or the Ministry of Interior webpages.
Admission & application
Admission
This program is suitable for graduates from a wide range of disciplines, such as management or engineering, who would be well served by a formal finance credential. Work experience is not compulsory, but an internship in finance before starting the program is recommended.
Quantitative proficiency is required for this program.
Please note that it is possible to submit your application prior to providing us with your test results and/or your final transcripts/ degree certificate.
If the rest of your application meets our standards we can then make you a conditional offer of a place on the program. These conditions will be lifted once you have obtained and sent us the required documentation.
Application
To apply for this program, candidates must complete the online application form and include scanned copies of all original supporting documents. All documents must be in English or be submitted with a certified translation into English if written in another language.
Application Submission Requirements
- University transcripts: front/back with grading scale
- CV/Resume
- 3 short essays (relating to your academic/professional experience, your reasons for choosing this program and your intercultural awareness)
- 2 academic and/or professional references. Family members or friends are not acceptable as referees
- Scan of passport
- Internationally recognized passport picture
- Evidence of strong quantitative abilities :
- Academic Transcripts displaying strong proficiency in quantitative subjects.
- OR GMAT - a minimum of 600 overall with 70% in the quantitative section. GMAT Institution code: 0365
- OR GRE - a minimum of 60% in the Verbal Reasoning section, 70% in the Quantitative section, and 4.0 or above on the Analytical Writing section
- OR CFA Level 1 exam with a Pass grade
- Proof of fluency in English:
- TOEFL IBT: 90 (minimum of 21 in all bands). TOEFL Institution code: 8973
- IELTS Academic/IELTS Indicator: 6.5 (minimum of 6.0 in all bands)
- Cambridge English (Proficiency/Advanced/Business Higher) level C1: Grade A,B or C
- Pearson Test of English Academic (PTE-A) Online/Offline: 63 (minimum of 59 in all bands)
- Duolingo English Test: 110 (minimum of 90 in all bands)
- English test waiver may be granted if Bachelor’s degree was fully taught through the medium of English (official proof required)
- Not accepted: TOEIC, Institutional/ITP TOEFL
- Please note: English test scores must be communicated to GEM by the beginning of July for September programs.
Specific to Regular track:
- Official copy of undergraduate degree equivalent to minimum 180 ECTS or certificate of enrolment with an approximate graduation date
Specific to Short track:
- Official copy of undergraduate degree equivalent to minimum 240 ECTS/4-years Bachelor's degree/3-years Bachelor's degree + 1 year of Master Studies or certificate of enrolment with an approximate graduation date
- Proof of attendance to classes in Corporate Finance, Quantitative Methods for Finance, Accounting & Financial Statements Analysis.
Please note that for your initial application we ask only for copies of documents. If you are accepted, we will then request to send digital certified copies that you will be asked to present during the induction week. More details about certified copies per nationality are explained on the application form.
To ensure GEM is the right fit for you, you may be asked to participate in an interview. You will be notified if an interview is necessary after the Admission Board meets.
Admission is on a first-come, first-served basis. Please consult our rolling admissions deadlines.
Student Program Fees 2022 intake
MSc Finance:
Regular track (per year): €13,000 *
Short track (full program): €19,000 *
*Fees are subject to change. Please verify program fees each year before commencement.
- Fees cover tuition, project supervision, and access to facilities.
- Program fees do not cover accommodation, meals, insurance, visa and personal expenses.
Please read the policy concerning the refund of tuition fees.
Financial Aid / Scholarships
GEM offers a dedicated online platform - The Funding Place - to help you find financing solutions, simulate a student loan and understand everything about student loans.
We advise students to research financial aid opportunities as early as possible. Please note that it is necessary to submit your application and secure a place on a program first, before applying for scholarships and visas.
Scholarship descriptions and application guidelines.
Note: MSc Finance students are not eligible for CROUS scholarships.
This program can be partly financed with CPF (requires working experience in France).
Note
All academic qualifications, including those earned at GEM, are recognized at the discretion of each country or university. Students seeking admission to a further course of study or who wish to work in specific country after their GEM program may need to have their GEM degree certified through a process specified by the receiving authority.
INTERNATIONAL STUDENTS
Visa requirements may apply to International Students in order to study or work in France. All international students are expected to verify requirements with their local French consulate and plan accordingly. Grenoble Ecole de Management has no influence over this process.