Overview
Practical information
PROGRAM DURATION
• Regular Track: 2 years (6 months on campus + 3 to 6 months internship each year)
• Short Track: 1 year (6 months on campus + 3 to 6 months internship)
KEY DATES
Start of program: September 2023 (France), October 2023 (Singapore)
Online Application Deadlines
CAMPUS & LANGUAGE
• Regular Track : Grenoble
• Short Track : Grenoble, Paris, Singapore
Courses are taught entirely in English
ENTRY REQUIREMENTS
Bachelor-level undergraduate degree in any subject. Fluency in English
DEGREE LEVEL
Master's degree. Diplôme visé Bac +5 conférant le Grade de Master : Diplôme d'études supérieures d'analyste financier
FULL PROGRAM FEES
• Regular track (per year): 13 450 € (Grenoble campus)
• Short Track (full program): 19 750 € (Grenoble, Paris, Singapore campus) / Sept 2023 intake
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.More details on France Compétences website, sheet n° 36845
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 specializations:
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 an 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.
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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 24th 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.
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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
Program
Year 1: Core Courses
GRENOBLE CAMPUS
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Fall Semester
• Quantitative Methods for Finance
• Accounting and Financial Statements Analysis
• Algorithmics and Financial Modelling
• Digital Transformation in Finance
• Financial Markets
• Languages
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Spring Semester
• Corporate Finance
• Auditing & Controlling
• International Financial Management
• Research Methods
• Responsible Leadership
• Professional experience (3-6 months, internship or full-time employment, anywhere in the world)
Year 2: Core courses & Specialization
GRENOBLE, PARIS AND SINGAPORE CAMPUS
Short Track students enter directly year 2.
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Fall Semester
• Induction Seminar (short track only)
• Company Valuation
• Mergers and Acquisitions
• Fundamentals of Ethics and ESG
• Advanced Financial Markets
• Asset management
• Private Equity, LBOs and Venture Capital
• Advanced Research Methods
• Languages (optional)
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Spring Semester
• Final Dissertation
• Specialization
• Professional experience (3-6 months, internship or full-time employment anywhere in the world)Specializations
Students choose one specialization. Certain conditions may apply, such as a minimum number of students. In Singapore, only one specialization is offered: Investment Banking & Financial Advisory.
Quantitative Finance
• Advanced Financial Modelling
• Dynamic Portfolio Management
• Market Risk Management
• Commodities Markets
Investment Banking & Financial Advisory
• Capital Markets and Financial Restructuring
• Advanced Financial Modelling
• Advanced Financial Statements Analysis
• Investment Banking Simulation
Sustainable Finance
• Sustainable Finance: Introduction and Context
• ESG Performance Analysis
• Corporate Governance and Climate Change
• ESG Investing
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 employment or an approved internship.
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. In year 2, two places are available for a double degree exchange with Università Bocconi "Master of Science in Accounting, Financial Management and Control".
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
Pedagogy & Evaluation
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Pedagogy / Evaluation / Validation
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.
Evaluation
Acquisition of skills and competencies is assessed through continuous assessment, exams, professional experiences and Final Dissertation. In order to validate the degree, students must have at least 4 months of international experience (academic or professional). Studying in France validates this condition for non-French students.
Validation
In the event of a partial validation of a professional certification, the blocks of competencies that have been validated are considered acquired and a certificate of validation is provided.
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.French State Recognition: Graduates are also awarded the degree certificate “Analyste Financier”. This provides international recognition through the VISA de l’Etat and the Grade de Master from the French Ministry of Higher Education, Research and Innovation. This recognition is essential if you plan to work or continue your studies in Europe or overseas.
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
“The MSc Finance at GEM helped me in 3 ways. Firstly, it has been a great platform to acquire the technical skills needed across many finance jobs. Secondly, it taught me to be entrepreneurial - the school makes available a lot of resources both on the academic and career service side, one must be proactive and use them. Thirdly, it allowed me to live in an international environment and build meaningful relationships across cultures.Before the end of the master's degree, I found my first job at JP Morgan thanks to a campus recruiting event organised by the school's career service. Today I’m a private wealth advisor at Goldman Sachs. Looking back, I am grateful to have attended a generalist program. Once explored and studied all areas of finance within the class year, I was able to make a conscious decision on what profession to choose as I was progressing with my career.
Most importantly, I am grateful to have attended such program at GEM. At the end it’s the people that you remember, and I will keep a dear memory of both the professors and the friends I made during this experience.” - Kevin Vasku, MSc Finance 2017 Graduate, Private Wealth Advisor at Goldman Sachs
“ I am currently working as a Credit Strategy Associate at Bloomberg LP in their London office. Grenobe Ecole de Management MSc Finance has helped me build a solid foundation of knowledge which I am able to apply practically in my current job, literally on a daily basis. I have found this job during the Career Fair where we get to meet top company's rep directly. The professors are highly qualified with great industry experience and I have thoroughly enjoyed this program. It has played a pivotal role in my career.” - Heema Patel, MSc Finance 2021 Graduate, Credit Strategy Associate at Bloomberg LPEmployability
Careers
Employment Statistics*
Employment within 4 months: 89%
Rate of graduates working internationally: 49%
Annual salary with bonus after graduation: <40k€: 21% | 40k€ - 55k€ : 42% | >55k€: 38%
*Based on 2021 graduates
The satisfaction and graduation rates are available via the application platform and also from Recruitment officer upon request.
Further study is possible for the MSc graduates, for example, in one of the Advanced Masters or a Doctoral Program.
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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
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Employers of our MSc Finance Graduates
• 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
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Regarding finding 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.
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
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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
- Minor (60 ECTS) in Business Studies including courses in : Corporate Finance and Investment decisions, Accounting and Financial Statements Analysis & Quantitative Methods for Finance
• 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.