You are here

MSc Finance

Program duration
Regular Track: 2 years (7 months on campus + 3 to 6 months internship each year), Short Track: 1 year (7 months on campus + 3 to 6 months internship)
Degree level
Master
Entry requirements
Bachelor-level undergraduate degree in any subject. Fluency in English
Full program fees
Regular track (per year): 13 000 € (Grenoble campus) , Short Track (full program): 19 000 € (Paris, Grenoble and Singapore campus)

Campus Locations:
Grenoble   
Paris
Singapore


This pre-experience MSc Finance is ranked 19th worldwide, 17th in Europe and 7th in France by the Financial Times.

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:

    • 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 Strenghts

    • 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. Students on the program also benefit from access to the Fitch Learning online CFA® preparation platform for the CFA® exam level 1.
    • 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.
    • 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.

A Word from the Program Director

“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 content applies to Year 1 & Year 2 - 2022 Intake and is subject to change. Short Track students will directly start at Year 2.

Year 1: Core Courses

GRENOBLE CAMPUS

  • Corporate Finance
    Quantitative Methods for Finance
    Accounting and Financial Statements Analysis
    Algorithmics and Financial Modelling
    Financial Markets
    Foreign Language (optional)

  • Management Control Systems
    Digital Transformation in Finance
    International Financial Management 
    Introduction to Research
    Professional Certification
    Professional experience (3-6 months, internship or full-time employment, anywhere in the world)  

    Total : 225 hours

Year 2: Specialisation

GRENOBLE, PARIS AND SINGAPORE CAMPUS

Short Track students enter directly year 2.

  • Induction Case Study
    Company Valuation
    Mergers and Acquisitions
    Fundamentals of Ethics and ESG
    Advanced Financial Markets
    Asset management
    Private Equity, LBOs and Venture Capital
    Foreign Language (optional)

  • Research Methods
    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 Markets

    Investment Banking & Financial Advisory

    Investment Banking and ECM
    Financial Restructuring and DCM
    Advanced Financial Statements Analysis
    Investment Banking Simulation

    Sustainable Finance

    Sustainable Finance: Introduction and Context
    ESG Performance Analysis
    Corporate Governance and Climate Change
    ESG Investing

    Total : 225 hours

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 prepa-ration 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, simulations, serious games will be used to develop the employability of students.

Evaluation

Acquisition of skills and competences 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).

Change Campus or Study Abroad

During Year 2, regular track students have the possibility to continue the program on an other campus of GEM (Grenoble, Singapore or Paris). The number of places are limited and conditions apply.


Foreign Languages

Learning a foreign language is a recommended program option for all students who are looking to work internationally. Non-French speakers have the option of studying 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


Recognition

French Ministry of Labour, France Compétences, Level 7 - EQF

  • Higher education in France is divided between Grandes Ecoles and public universities. GEM is a Grande Ecole which is recognized and accredited by the Conférence des Grandes Ecoles (CGE) and as such has degree awarding powers. The CGE is an official association which encompasses the Grandes Ecoles, engineering schools, architecture, design and public administration institutions which are recognized by the French state. 

    The Grande Ecoles are widely recognized by industry in France and GEM is amongst the top 10 business schools in the leading French rankings (le Point, le Figaro Etudiant, …), holding 7th place in 2021.

    GEM also holds triple accreditation by EQUIS, AACSB and AMBA. These three accreditations are international recognitions of the quality of the organization, its programs and the degrees it delivers.

    Our Masters programs are equivalent to a level 7 degree on the European Qualifications Framework and are in compliance with the Bologna Agreement for a master’s degree, comprised of 120 ECTS credits.

    Graduates from the MSc Finance also receive a certificate conferring them the Title Manager Financier (Financial Manager). This Title is recognized by the French State through France Compétences, an agency belonging to the French Ministry of Labor, at Level I (Level 7 on the European Qualifications Framework) - the highest level for such certification.  It is a recognition that the graduate’s core international management skills meet standards established by the Ministry of Labor for financial managers. For students planning to work in Europe following their studies, this recognition presents a competitive advantage. For more information, visit the France Compétences website, fiche 14624.

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 Sachs

More testimonials from MSc Finance graduates 

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
    • 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
    • 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

Work in France

  • After 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.

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.

We recognize that COVID-19 has likely created difficulties in completing the admissions requirements. Our team is available to assist with these logistical uncertainties. Please contact us with any questions.

Apply here

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

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.


For more information, please download our International Student Guide

Student Guide

Contact a current student to learn more about the program.

Student Questions Blog

Learn about upcoming recruitment fairs around the world and webinars for prospective students.

Events for Prospective Students

Updated on 17 November 2021 at 2h49 pm