MASTERS Of
SCIENCE
ONE-YEAR
PROGRAMMES
2014
fINANCIAL
ECONOMICS
MASTERS Of
SCIENCE
ONE-YEAR
PROGRAMMES
2015
fINANCIAL
ECONOMICS
CONTENTS
A GLObAL buSINESS
EDuCATION
EDHEC Business School is recognised
as one of the top institutions in
the world for its international
programmes, its partnerships with
leading universities and business
schools, and the diversity of its faculty
and student bodies.
AN ELITE TEAChING AND
RESEARCh fACuLTy
EDHEC’s teaching staff is made up of
leading experts from around the world
and includes some of the brightest
researchers in the fields of finance,
economics, financial analysis and
accounting, and business law.
uNPARALLELED
buSINESS RELEvANCE
EDHEC’s close ties to business
trans-late into exciting education, internship
and career opportunities for students,
in France and abroad. Top executive
partners are involved in programmes
and research projects to ensure
real-world relevance.
EDHEC holds the “Triple Crown” of international accreditations (AACSB, AMBA and EQUIS)
for its outstanding academic programmes, its strong links with the corporate community, its impressive
global reach and its commitment to ongoing quality improvement.
At EDHEC Business School, you receive not only a top education in financial economics,
but also real-world business and forward-thinking skills that set you apart from other graduates.
You learn from renowned finance specialists and have the opportunity to put this new knowledge
to work in some of the most prestigious and exciting companies in the world.
CONTENTS
Message from the Director . . . 01
EDHEC Spirit . . . .02
EDHEC Master’s Programmes . . . 06
International Accounting & finance . . 09
Corporate finance & banking . . . 13
finance . . . . 17
financial Markets . . . 21
Risk & finance . . . 25
A world-Class Faculty . . . 28
EDHEC Career Centre . . . 30
Practical Information . . . 32
Admission Requirements & Fees . . . .33
Why
EDhEC
?
The Financial Times, 2014
#
3
Master in Finance
in the world
The Financial Times, 2013#
14
Master in Management
in the world
EDHEC Placement Report, 2013
1/3
of students start
€13 M
A YEAR DEVOTED
TO ACADEMIC
RESEARCH
91
NATIONALITIES
ON CAMPUS
1/3
INTERNATIONAL
STUDENTS
142
permanent
teaching
FacULtY
(49% international)
5
CAMPuSES
Lille
•
Nice
•
Paris
•
London
•
Singapore
6 200
StUdentS
25 000
ALuMNI IN
EDHEC is recognised internationally for the strong values underpinning
its commitment to serve businesses and the economy and thereby to improve
the world at large. For more than a century, we have shaped future
decision-makers through unique academic programmes and challenging research that
have made EDHEC a true contributor to today’s society. This approach is
encapsulated in our “EDHEC for Business” strategy.
5
CAMPUSES
LILLE
PARIS
NICE
SINGAPORE
LONDON
Dean of
EDHEC Business School
OLIVIER OGER
LOndOn
nICE
paRIs
LILLE
Pascale Viala
Director,
Financial Economics Studies
MESSAGE
FROM
THE
DirEctor
EDHEC Business School, founded in 1906, is among the leading business schools in Europe. It is widely recognised for its academic excellence, for the international impact of its research and for its unique syner- gies with the global business world. All of the School’s academic programmes draw heavily on these three strengths.
The School, drawing on the expertise of internationally renowned faculty members and the research done by EDHEC-Risk Institute, offers a rich array of five Masters of Science. The programmes, taught entirely in English, are designed specifically to prepare students for careers in such fields as asset and risk management, trading, corporate finance, banking, and auditing and management control.
For the rest, the yearly conferences organised by EDHEC-Risk Institute and held in London, Singapore and New York promote the EDHEC name to thousands of professionals in the finance industry. As a result of this international renown, EDHEC has initiated and entered into partnerships with leading academic institutions, as well as with the largest employers in the industry. Société Générale, for instance, is Corporate Sponsor for the MSc in Corporate Finance & Banking, PwC for the MSc in International Accounting & Finance and
SwissLife AM for the MSc in Risk & Finance.
Corporate Programme Sponsors and other partner companies play active roles in classroom instruction. Their commitment ensures that the curriculum is always relevant to business. In a business world undergoing constant change, posing different challenges by the day, such assurances can only improve the professional preparation afforded students. In other words, EDHEC Business School offers its students an unrivalled opportunity to acquire the knowledge and experience to become leaders in their fields.
In addition to being a touchstone for academic excellence, EDHEC aims to connect students and alumni with recruiters by creating synergies through a wide range of services provided by the EDHEC Career Centre; these synergies make the School a genuine recruitment partner.
AGiLity AND PUrPoSE
Founded by a group of entrepreneurs 100 years ago, EDHEC's heritage is rich
in business innovation and impact. EDHEC has always been quick to seize new
opportunities and to turn up where it's least expected—a spirit that thrives
in our students as well.
THE EdHEc
AGiLity AND PUrPoSE
Founded by a group of entrepreneurs 100 years ago, EDHEC's heritage is rich
in business innovation and impact. EDHEC has always been quick to seize new
opportunities and to turn up where it's least expected—a spirit that thrives
in our students as well.
ut of the box
THinking
&TEacHing
cO MuniTy
SPIRIt
A team spirit that celebrates engagement in community projects and student organisations; one that nurtures lasting friendships
within a network of over 25 000 alumni worldwide.
BEyOnd
b RDeRS
EDHEC students don’t just discover the world; they discover a world of opportunity. There is no limit to what
we can do when we embrace diversity and think globally. At EDHEC, we don't play Follow the Leader. More often than not, it's our researchers, professors, students and
graduates who blaze new trails and shake up the status quo.
ut of the box
THinking
&TEacHing
cO MuniTy
SPIRIt
A team spirit that celebrates engagement in community projects and student organisations; one that nurtures lasting friendships
within a network of over 25 000 alumni worldwide.
BEyOnd
b RDeRS
EDHEC students don’t just discover the world; they discover a world of opportunity. There is no limit to what
we can do when we embrace diversity and think globally. At EDHEC, we don't play Follow the Leader. More often than not, it's our researchers, professors, students and
EdHEc F R
buSINeSS
4 fiELDS of ExPErtiSE
ECoNoMICS
FINANCE
BUSINESS LAW
FINANCIAL ANALYSIS
& ACCoUNTING
EDHEC is dedicated to serving the business community and society at large through the formation of future business leaders and the creation
of compelling business research. Our commitment to public service and intellectual excellence fuels the imagination of our students and
strengthens the global economy.
EdHEc F R
buSINeSS
4 fiELDS of ExPErtiSE
ECoNoMICS
FINANCE
BUSINESS LAW
FINANCIAL ANALYSIS
& ACCoUNTING
EDHEC is dedicated to serving the business community and society at large through the formation of future business leaders and the creation
of compelling business research. Our commitment to public service and intellectual excellence fuels the imagination of our students and
MSc in
Corporate
Finance &
Banking
MSc in
International
Accounting
& Finance
MSc in Risk
& Finance
(part-time in London
or Singapore)
MSc in
Financial
Markets
MSc
in Finance
EdHEc
MAStEr’S
ProGrAMMES
The one-year programmes, entirely taught in English, deliver specialised
knowledge in the fields of corporate finance, financial markets, risk and
investment management, or international accounting.
MASTERS OF
SCIENCE
My years at EDHEC were critical in helping me acquire the basic tools for my career in finance.
Sometimes, a lot of what I learnt became relevant only years later. As a business school student,
lots of the content can seem obvious or conversely too detailed, while it takes genuine professional
experience to fully understand and leverage the concepts. EDHEC has contributed to developing
the skill set necessary to my career path, both from an academic and personal point of view.
Wissam farah (UK)—EDHEc 1996
MSc in
international
Accounting
& finance
The Programme is designed to prepare students for careers as auditors, financial controllers and for other roles in the finance departments of financial institutions and non-financial companies, as well as for careers in advisory services. With Pwc as Corporate Programme Sponsor.MSc in corporate finance
& Banking
The MSc in Corporate Finance & Banking is designed to prepare students for inter-national careers in corporate finance and financial markets, in particular careers in large corporations and multinationals, in banking, sales, financial advisory services, transaction services and the investment industry. With Société Générale as Corporate Programme Sponsor.
MSc in finance
The MSc in Finance prepares students for international careers in finance. Based on the CFA curriculum, it covers both corporate finance and financial markets. The programme provides students with the tools and knowhow to assess investments and companies, and to perform fundamental analyses. It also prepares students for decisions in financial markets.
MSc in financial
Markets
The MSc in Financial Markets prepares students for careers in financial markets on the buy side (asset managers, insurance companies and pension funds, hedge funds) and on the sell side (investment banks, private banking, brokerage firms or financial advisors). The programme gives students the opportunity to prepare for Part I of the Financial Risk Manager professional designation offered by GARP.
*Mandatory 3-6 month internship. A full-time position replaces the internship requirement
Full-time programmes Part-time MSc in Risk & Finance
Courses & Seminars 360 hours 46 ECTS 52 ECTS
TICD programme 40 hours 4 ECTS 3 ECTS
Master’s project 100 hours 10 ECTS 5 ECTS
Internship* 15 ECTS 15 ECTS
total 500 hours 75 EctS 75 EctS
ProGrAMME StrUctUrE
The Global Association of Risk Professionals (GARP) is the leading association for the risk management profession globally. It administers the Financial Risk Manager (FRM) professional designation.
MSc in risk & finance (part-time)
The MSc in Risk & Finance is an advanced programme designed to prepare students for international careers in finance. It is a part-time programme offered in London and Singapore over a 13-month period. It focuses on financial markets and advanced corporate finance and equips students with the knowledge of the issues surrounding risk management. With SwissLife AM as Corporate Sponsor. The programme gives students the opportunity to prepare for Part I of the Financial Risk Manager professional designation offered by GARP.MSc
in
inTERnaTiOnal
accOunTing
& fiNANcE
Sponsored by PwC,
the MSc in International Accounting & Finance is designed
to prepare students for careers as auditors or financial controllers in financial
institutions and non-financial companies, as well as for other roles in finance
and in advisory services. It equips students with the knowledge to become audit
professionals capable of helping public and private companies report reliable financial
information. Students are familiarised with the approaches and techniques necessary
for internal auditing and for the creation of governance processes to improve
management and performance.
Graduates can also work in transaction services, in particular for auditing firms
and financial advisors; these careers involve evaluating or improving governance
procedures and management control, due diligence, accounting and financial
reporting, valuation and analysis of the tax implications of deals.
M Sc i N iN tE rN At io N A L A cc o U N ti N G & f iNAN cE M Sc i N iN tE rN At io N A L A cc o U N ti N G & f iNAN cE M Sc i N c o rP o r At E fi NAN cE & B AN K iN G M Sc i N fi NAN cE M Sc i N fi NAN ci AL M A rK Et S M Sc i N ri SK & fi NAN cE
The programme is a unique opportunity to kick-start a career. Many of my classmates and I found
really interesting jobs with the Big Four or as controllers in large corporations. This master really
boosted our previous knowledge and offered a great start to our future careers.
Alexander Baaden (Germany)—EDHEc 2013
JUNIoR CoNTRoLLER, MINERAL oIL ADDITIvES, BASF SE—GERMANY
MSc in inTERnaTiOnal accOunTing & fiNANcE
lEaRning OuTcOMEs
• Handle complex accounting, reporting and tax issues • Master international accounting and reporting standards
• Assess, design and make use of organisation controls to steer performance in organisations
•Evaluate companies and conduct corporate restructurings
cORE MOdulEs
iNtErNAtioNAL AccoUNtiNG
International accounting standards (US GAAP and IAS/IFRS): main characteristics, framework for preparation and presentation of IFRS financial statements.
PriNciPLES of BUSiNESS tAxAtioN
Tax implications for corporations doing business internationally: basic concepts in international taxation, tax treaties, taxation of international groups, tax planning and its risks.
ADvANcED fiNANciAL AccoUNtiNG & ANALySiS
Financial statements and modern accounting principles, interpreting financial statements, and understanding activity, liquidity, debt and valuation ratios.
orGANiSAtioNAL coNtroLS
organisational control systems: links between control and strategy; control and performance; organisation of control (audit vs. internal control vs. management control).
StrAtEGic PLANNiNG & coNtroL
Cost and management accounting: financial planning, cash budgeting, resource planning, control systems, performance measurement, total quality management, transfer pricing and management of uncertainty.
ProjEct MANAGEMENt
Introduction to project management: method and framework, project organisation, planning, project control, handling exceptional situations, risk management and quality management.
AUDitiNG & iNtErNAL coNtroL
General framework and objectives of an audit of financial statements, internal controls and control risks, audit planning and methods, audit risks and audit tests.
iNforMAtioN SyStEMS & MANAGEMENt coNtroL
Integrated management information systems (ERP): processes, people and organisation; impact of information and communication technology on management control systems.
oPErAtioNS MANAGEMENt
Relationships between operations and cost control management: functional areas of operations management, supply chain and inventory management, total quality management tools and cost control management.
trEASUry riSK MANAGEMENt
Introduction to corporate treasury risk management when investing or raising capital abroad; measuring and managing currency and interest rate risks; estimating cost of capital for foreign investments.
MErGErS & AcqUiSitioNS, fiNANciAL DiStrESS & rEStrUctUriNG
Corporate restructuring policies; through mergers and acquisitions analysis; financial distress causes, key indicators, crisis management and workout solutions.
MANAGEMENt coNtroL SyStEMS (McS)
Incentive compensation schemes, performance measures and corporate governance.
MEASUriNG & MANAGiNG iS PErforMANcE
Analysis and assessment of information systems performance (cost/benefit) at an organisational and strategic level.
sEMinaRs
ADvANcED ExcEL & vBA ProGrAMMiNG
Modelling in MS Excel: accessing mathematical, statistical, lookup and other functions. Building user-defined functions, process automation with vBA for applications to financial modelling.
SAP
Introduction to SAP Enterprise Resource Planning software, accounting and controlling modules, and resources and basic concepts.
EtHicS & corPorAtE GovErNANcE
Professional principles and values in the finance industry; purpose and relevance of ethical standards for finance professionals.
I particularly appreciated that the programme focused on auditing, management control and accounting
and this was exactly what I expected from this MSc. The courses were taught both by academics and
by professionals, which led to a good balance between theory and practice. Plus, the MSc fulfils five out
of the seven DSCG requirements, which is a big advantage when applying for a position in auditing
or in management control.
David ouanounou (france)—EDHEc 2012
AUDIToR, MAzARS—FRANCE
audit
toP rEcrUitErS
ABN AMRO BANK
AGRICULTURAL BANK OF CHINA
ASIA ALLIANZ HOLDING
AXA
DELOITTE
DONGFENG PEUGEOT CITROEN AUTO FINANCE
EY KPMG KURT SALMON PwC Europe asia
37%
63%
France68%
audit/ Financial advisory80%
accounting/ Management control/ Finance8%
commercial/ Business development4%
Financial institutions/ Banking/ insuranceMAiN ArEAS MAiN iNDUStriES
ABRoAD 32% FRANCE 68%
16%
68%
Retail/ E-commerce4%
LocAtioN2013 PLAcEMENt
REpORT
56% found their first job before leaving EDHEC
M Sc i N iN tE rN At io N A L A cc o U N ti N G & f iNAN cE M Sc i N iN tE rN At io N A L A cc o U N ti N G & f iNAN cE M Sc i N c o rP o r At E fi NAN cE & B AN K iN G M Sc i N fi NAN cE M Sc i N fi NAN ci AL M A rK Et S M Sc i N ri SK & fi NAN cE
MSc iN
cORpORaTE
FinancE
& BANKiNG
Sponsored by Société Générale,
the MSc in Corporate Finance & Banking
is designed to prepare students for international careers in corporate finance
and financial markets. Students acquire an understanding of corporate finance
decisions in an international environment and the means of assessing investments
or acquisitions, managing cash and risks, raising capital in financial markets
or dealing with financial distress. Students likewise acquire the advanced
knowledge necessary to prepare for careers in large corporations
and multinationals, in treasury management or other finance areas,
or for careers in corporate banking, lending and treasury services
or other services for corporations. Furthermore, the programme familiarises
students with the institutions, products, approaches and tools involved
in financing and capital market transactions.
The programme is thus a good option for students seeking careers in investment
banking or in advising on acquisition finance, project finance, structured finance
or restructuring. Programme graduates are also well prepared for careers in sales
and in financial advisory and transaction services. Students seeking to take
on research or investment analysis roles in the investment industry
(with traditional or alternative asset managers) or with institutional investors
themselves are well served by the programme as well.
M Sc i N c o rP o r At E fi NAN cE & B AN K iN G M Sc i N c o rP o r At E fi NAN cE & B AN K iN G M Sc i N fi NAN cE M Sc i N fi NAN ci AL M A rK Et S M Sc i N ri SK & fi NAN cE
MSc in cORpORaTE FinancE & BANKiNG
lEaRning OuTcOMEs
• Master corporate finance decisions in an international environment
• Conduct financial statement analysis, investment analysis,
and debt and equity valuation
• Perform complex financial modelling and analysis of acquisition finance, structured finance,
project finance or other topics in corporate finance. • Create value in the execution of corporate finance
and capital market transactions
cORE MOdulEs
MANAGEMENt of fiNANciAL iNStrUMENtS
overview of the main financial instruments in international markets: key features, mechanics, management of derivatives, market infrastructure, applicable regulatory and tax framework.
fUNDAMENtALS of corPorAtE LAW
Knowledge of the various categories of financial instruments (debt, equity and complex). M&A acquisitions and restructuring.
PriNciPLES of BUSiNESS tAxAtioN
Tax implications and concepts in international taxation, tax treaties, taxation of international groups and international corporate reorganisation and consolidation, tax planning and its risks.
ADvANcED fiNANciAL & crEDit ANALySiS
Financial statements and modern accounting principles, interpretation of financial statements and ‘window dressing’. Credit and risk analysis (liquidity risk analysis and ratios).
ADvANcED StrAtEGy
Globalisation of strategy: growth, new rules of global competition and disruptive competition. Limitations of traditional approaches to strate-gic analysis.
ADvANcED corPorAtE fiNANcE
Application of theoretical concepts to practical problems in corporate finance: choice of capital structure, debt structure, use of derivatives in capital structure and issuance of equity and IPos.
trEASUry riSK MANAGEMENt
Corporate treasury risk management when investing or raising capital abroad; measuring and managing currency and interest rate risks; estimating cost of capital for foreign investments.
rEAL oPtioNS
overview of decision-making when investing in business; interaction of capital markets and the value of the underlying real assets.
MErGErS & AcqUiSitioNS, fiNANciAL DiStrESS & rEStrUctUriNG
overview of corporate restructuring through analysis of mergers and acquisitions; overview of causes of financial distress, key indicators, and crisis management and workout solutions.
BANKiNG & BANKrUPtcy
Impact of financial restructuring on creditors. Protection of banks and other creditors as well as financial intermediaries and the Duty of Care.
MaJOR in Financial ManagEMEnT
iNtErNAtioNAL AccoUNtiNG
Financial statements under IFRS and US GAAP, revenue recognition, accounting for financial instruments, lease accounting, derivatives, hedges and foreign currency financial statements.
StrUctUrED fiNANcE
Structured finance products used in capital market funding
by non-financial corporations: trade finance, export structured finance, asset finance; structures, risk-return features and valuation.
ProcESS MANAGEMENt & BENcHMArKiNG
Introduction to process analysis; formalising and analysing processes, performance analysis and benchmarking.
MaJOR in Financial inTERMEdiaTiOn
LBo & PrivAtE EqUity
Private equity financing: leveraged buy-outs, other private equity financing techniques, valuation of private equity interests and strategies for value creation.
ProjEct fiNANcE
Long-term financing of capital investment projects based on projected cash flow. Topics include principles, structuring of limited-recourse projects and risk-return characteristics.
corPorAtE & iNvEStMENt BANKiNG: A focUS oN EqUity cAPitAL MArKEt By Société GéNérALE
Equity capital markets, legal framework. Covers mid- and large-cap deals; equity-linked instruments
sEMinaRs
ADvANcED ExcEL & vBA ProGrAMMiNG
Modelling in MS Excel: accessing mathematical, statistical, lookup and other functions. Building user-defined functions, process automation with vBA for applications to financial modelling.
fUNDAMENtALS of corPorAtE LAW
overview of the principles of corporate law.
EtHicS & corPorAtE GovErNANcE
Professional principles and values in the finance industry; purpose and relevance of ethical standards for finance professionals.
ElEcTiVEs
• Financial Entrepreneurship • Entrepreneurial Finance • Country Risk Analysis • Strategic Cost Management • Private Banking
• Real Estate Valuation • Commodities
• Leadership & Relational Growth
With an engineering background, I was looking to boost my career in finance by going to a reputable school.
After a thorough research of all the possible schools, EDHEC came out on top for being ranked #1 in France
in Finance in Le Point Magazine.
.
2013 PLAcEMENt
REpORT
58% found their first job before leaving EDHEC
For a career in finance, this MSc is a real asset. The courses and modules give you an exceptionally
solid foundation. What’s more, some of the courses are led by such well-known financial services
institutions as PwC, and these courses are fantastic opportunities to gain a broad overview
of the industry and essential knowledge.
David chreng (france)—EDHEc 2014
SUMMER ANALYST, EqUITY RESEARCH, GoLDMAN SACHS—UK
industry
toP rEcrUitErS
BARCLAYS CAPITAL BNP PARIBAS BPCE CAPGEMINI CONSULTING CHRISTIAN DIOR CITI COMMERZBANK CRÉDIT AGRICOLE DANONE DELOITTE DEUTSCHE BANK EY HP HSBC IBM JP MORGAN KPMG L’ORÉAL MC KINSEYMOODY’S INVESTORS SERVICES
PwC
RBC CAPITAL MARKETS
ROTHSCHILD
SOCIÉTÉ GÉNÉRALE
Europe
americas africaMiddle East asia
12%
5%
8%
France56%
audit/ Financial advisory30%
accounting/ Management control/ Financecorporate Banking asset Management
15%
8%
4%
corporate Finance23%
consulting/ audit39%
Financial institutions/ Banking/insurance41%
20%
ABRoAD 44% FRANCE 56%75%
MAiN ArEAS MAiN iNDUStriES
LocAtioN MSc i N c o rP o r At E fi NAN cE & B AN K iN G M Sc i N c o rP o r At E fi NAN cE & B AN K iN G M Sc i N fi NAN cE M Sc i N fi NAN ci AL M A rK Et S M Sc i N ri SK & fi NAN cE
MSc iN
fiNANcE
The MSc in Finance prepares students for international careers in finance.
Based on the CFA curriculum, it covers both corporate finance and financial markets.
The content covering corporate finance familiarises students with key financial
management decisions at a business level: how to select investment projects,
how to address funding needs, or how to manage cash and risks. More broadly,
it provides students with the tools and knowhow to assess investments and
companies, and to perform fundamental analyses. The content covering financial
market prepares students for decisions in financial markets, including how to price
financial instruments, select and manage portfolios of investments.
The programme leads to careers in non-financial corporations—particularly
in treasury management and in other finance functions in commercial banks,
in lending, in treasury services, or in investment management services for
corporations. It also leads to careers in investment banking, in advisory services,
in the investment industry providing sell-side or buy-side research, performing
investment analysis (equity, credit, M&A) or fulfilling portfolio management roles.
The programme likewise offers students the opportunity to prepare for
a professional diploma, the CFA Level I. The CFA Institute is the world’s largest
association of investment professionals.
M Sc i N fi NAN cE M Sc i N fi NAN cE M Sc i N fi NAN ci AL M A rK Et S M Sc i N ri SK & fi NAN cE
MSc in fiNANcE
lEaRning OuTcOMEs
• Perform investment analysis and valuation
• Evaluate portfolio management strategies and technics • Master corporate finance decisions and risk management
considerations
cORE MOdulEs
MoNEy & cAPitAL MArKEtS
overview of the financial market industry i.e. organisation and players.
corPorAtE fiNANcE (PArt i & ii)
Part I - Financial decision-making: net present value concept, application to the valuation of bonds and stocks; capital asset pricing model (CAPM); capital budgeting decisions. Part II - Advanced corporate finance: strategic financial decisions, debt and equity financing, initial public offerings, corporate governance and corporate restructuring.
qUANtitAtivE MEtHoDS iN fiNANcE
Introduction to the quantitative methods used in modern finance: time series analysis, regression methods, and applications of these tools by finance professionals.
fiNANciAL ANALySiS & AccoUNtiNG
overview of financial statements and modern accounting principles, interpreting financial statements, and understanding activity, liquidity, debt and valuation ratios including ratio analysis summary and interpretation.
vALUAtioN
valuation models and available techniques: discounted cash flow (DCF) analysis; comparable, fundamental and relative value analysis.
fiNANciAL ANALySiS & MANAGEMENt of iNtErNAtioNAL GroUPS
Introduction to the theory and application of consolidated financial statements taking an IFRS approach; key concepts of financial analysis and management of international groups.
fixED iNcoME ANALySiS
overview of fixed-income securities pricing and management: bond prices and yields; term structure of interest rates; hedging interest rate risk through duration, and active and passive bond portfolio strategies.
oPtioNS, fUtUrES & otHEr DErivAtivES
Basic concepts of trading and pricing derivatives; forward and futures contracts, options and swaps.
iNtErNAtioNAL EcoNoMicS
overview of the fundamental mechanisms that drive economic variables and their changes; covers worldwide growth rates, inflation rates, unemployment rates, interest rates, trade flows, trade volumes and exchange rates.
trEASUry riSK MANAGEMENt
Introduction to corporate treasury risk management when investing or raising capital abroad; measuring and managing currency and interest rate; estimating cost of capital for foreign investments.
PortfoLio MANAGEMENt
Introduction to modern portfolio management: technical challenges; enhanced estimates of risk and expected returns; portfolio construction with alternative asset classes and investment styles.
sEMinaRs
ADvANcED ExcEL & vBA ProGrAMMiNG
Modelling in MS Excel: accessing mathematical, statistical, lookup and other functions. Building user-defined functions and process automation with vBA for applications to financial modelling.
MAtLAB
Introduction to MATLAB: working environment, basic elements of syntax; importing and analysing data using pre-programmed MATLAB functions; exporting results; financial, statistical and econometric toolboxes.
EtHicS & corPorAtE GovErNANcE
Professional principles and values in the financial industry; purpose and relevance of ethical standards for finance professionals
The MSc in Finance covers all relevant corporate and market finance topics. I am sure
that I have been in class with some of the top finance academics of the coming years.
Their knowledge and experience were inspiring. All classes offered the freedom to be interactive.
Nithin viswanath (india)—EDHEc 2012
ASSoCIATE RELATIoNSHIP DIRECToR, ANz
With a degree in industrial engineering, I wanted to specialise in Finance. I chose EDHEC for the
school’s reputation and for its MSc in Finance. The programme covers most aspects of finance from
corporate finance to capital markets and financial analysis.
Ana Leal (venezuela)—EDHEc 2005
SENIoR FINANCIAL PLANNING & CoNTRoLLING ANALYSIS, JvLAT NINTENDo ExCLUSIvE DISTRIBUToR FoR LATIN AMERICA—SWITzERLAND
2013 PLAcEMENt
REpORT
Europe americas (us 67%) africa Middle East25%
17%
33%
France48%
audit/ consulting/ Financial advisory accounting/ Management control/ Finance corporate Banking Market Finance (sales, trading, research, structuring)9%
11%
4%
asset Management/ private Banking/ Wealth Management13%
audit/ consulting35%
Financial institutions/ Banking/insurance52%
MAiN ArEAS MAiN iNDUStriES
ABRoAD 52% FRANCE 48% LocAtioN
toP rEcrUitErS
ALUPAR INVESTIMENTO BNP PARIBAS BPI FRANCE COMMERZBANK CRÉDIT AGRICOLECRÉDIT FONCIER DE MONACO
EY KPMG PwC SOCIÉTÉ GÉNÉRALE asia
25%
39%
M Sc i N fi NAN cE M Sc i N fi NAN cE M Sc i N fi NAN ci AL M A rK Et S M Sc i N ri SK & fi NAN cEThe MSc in Financial Markets prepares students for careers in financial markets.
They learn to price or hedge financial instruments, assess investments or select
and manage portfolios. The MSc likewise provides students with advanced
knowledge of the main financial instruments and their risks, as well as with modern
portfolio construction and management techniques, including liability-driven
investment (for students selecting the major in asset management).
More generally, the programme provides students with the knowledge of
the analytical concepts and financial and empirical modelling tools underpinning
research and analysis of portfolios. Finally (for those majoring in trading),
the programme familiarises students with securities trading.
The MSc in Financial Markets prepares students for careers on the buy side
(asset managers, insurance companies, pension funds, hedge funds) and on the sell
side (investment banks, private banking, brokerage firms or financial advisors).
The programme is thus a good option for those seeking careers in the investment
industry (research, risk management, portfolio management), in advisory (research),
in sales, in structuring and in trading.
The programme likewise offers students the opportunity to prepare for
a professional certification, GARP’s Financial Risk Manager (FRM) certification Part I.
MSc iN
Financial
MArKEtS
M Sc i N fi NAN ci AL M A rK Et S M Sc i N fi NAN ci AL M A rK Et S M Sc i N ri SK & fi NAN cElEaRning OuTcOMEs
• Master analytical and quantitative tools, valuation and risk management for fixed income and derivative instruments • Assess portfolio strategy, management techniques
and performance across a wide range of asset classes • Analyse market risk and credit drivers,
and perform securities trading
• Perform skillful, financial risk management through
use of key principles and tools
cORE MOdulEs
MANAGEMENt of fiNANciAL iNStrUMENtS
overview of financial instruments: key features, mechanics; management of derivatives; market infrastructure; and applicable regulatory and tax framework.
fiNANciAL tHEory
The building blocks of modern finance theory: rational decision-making under uncertainty, portfolio theory, capital asset pricing model (CAPM), arbitrage pricing theory (APT) and empirical evidence.
EMPiricAL MEtHoDS iN fiNANcE
Econometrics tools and methods in empirical finance; applications in investment banking and asset management.
ADvANcED fixED iNcoME SEcUritiES
Pricing and management; interest rates and risk management in bond markets; bond portfolio strategies, modelling for pricing and risk management of credit-linked products, modelling approaches to quantifying credit risk.
ADvANcED DErivAtivES
Pricing and hedging, including models to value and hedge derivatives on equity, bonds; modelling for pricing and hedging structured products across equity, fixed income, currency and credit markets.
ENtErPriSE riSK MANAGEMENt
Typology of risk exposures and best practices in risk management. Banking regulation and risk management: market, credit, operational and model risks, liquidity risk, stress testing and scenario analysis. Implementation of an ERM approach, governance considerations.
trEASUry riSK MANAGEMENt
Corporate treasury risk management: managing funding transactions and economic exposure, measuring and managing currency and interest rate risks; estimating cost of capital for foreign investment.
MAJoR IN ASSET MANAGEMENT
ASSEt MANAGEMENt
Modern portfolio management; optimal asset allocation; portfolio construction; technical challenges; estimates of risk and expected returns; inclusion of alternative asset classes and investment styles;
statistical benchmarks.
iNvEStMENt SoLUtioNS
From investment products to investment solutions: benchmarks improvements, liability-driven strategies, risk-controlled and life-cycle investments.
tActicAL ASSEt ALLocAtioN
Methodological foundations and tactical asset allocation strategies.
ALtErNAtivE iNvEStMENtS
Characteristics of alternative investments from an asset allocation perspective (focus on hedge funds and commodity trading advisors); long/short equity strategies and other strategies; trades, main risks and quantitative tools for alternative investment analysis.
MAJoR IN TRADING
fUNDAMENtALS of trADiNG
Market microstructure; workings of securities trading; impact of market structures on trading strategies; management of trading costs.
MArKEt riSK MEASUrEMENt
Introduction to market risk: volatility, risk factors and shortfalls. Managing and measuring risks of financial portfolios.
trADiNG iN PrActicE
Real trading situations in commodities, derivatives or other financial securities; sessions are conducted by professional traders in our trading room.
sEMinaRs
rEGULAtioN SEMiNAr
Regulatory framework applicable to most financial transactions, and forthcoming changes including EMIR which includes oTC derivatives, Basel III affecting banks, MIFID which relates to investment services and Solvency related to insurance companies.
ADvANcED ExcEL & vBA ProGrAMMiNG
Modelling in MS Excel: accessing mathematical, statistical, lookup and other functions. Building user-defined functions, process automation with vBA for applications to financial modelling.
MAtLAB
Working environment; basic elements of syntax; importing and analysing data using pre-programmed MATLAB functions; exporting results; financial, statistics and econometrics toolboxes.
EtHicS & corPorAtE GovErNANcE
Professional principles and values in the financial industry; purpose and relevance of ethical standards for finance professionals.
ElEcTiVEs
• Country Risk Analysis
• Investing in Smart Betas by EDHEC-Risk Institute • Commodities • Continuous-Time Finance • Private Banking • Custody services • Behavioural Finance • C++ for Finance MSc in Financial MArKEtS
toP rEcrUitErS
ACCENTURE
AMUNDI ASSET MANAGEMENT
BANK OF NEW YORK MELLON
BARCLAYS BANK BLACKROCK BNP PARIBAS CITIGROUP DELOITTE EY GOLDMAN SACHS ICAP JP MORGAN KURT SALMON
ODDO & CIE
RBS MARKETS & INTERNATIONAL BANKING
SOCIÉTÉ GÉNÉRALE THOMSON REUTERS UBS France
15%
Market Finance (sales, trading, research, structuring)34%
audit/Financial advisory9%
asset Management9%
Risk/product control13%
consulting/ audit Financial institutions/ Banking/insurance87%
ABRoAD 85% FRANCE 15% Europe australia asia2%
18%
80%
9%
MAiN ArEAS MAiN iNDUStriES
The MSc was particularly appealing to me because
of its hands-on approach and the access it provided to the
EDHEC-Risk Institute faculty. Furthermore, the major
in trading offered the possibility of interacting with
experienced traders in class.
johnny vidal (Bolivia)—EDHEc 2012
SENIoR PoRTFoLIo MANAGER, CENTRAL BANK oF BoLIvIA—BoLIvIA
LocAtioN
2013 PLAcEMENt
REpORT
42% found their first job before leaving EDHEC
I was looking for a course in quantitative finance
and asset management and the programme offered
by EDHEC was perfectly aligned to what I wanted
to do, making EDHEC my first-choice destination.
Bhasul vazhoor (india)—EDHEc 2008
ASSISTANT vICE-PRESIDENT, CoMMERzBANK—GERMANY
M Sc i N fi NAN ci AL M A rK Et S M Sc i N fi NAN ci AL M A rK Et S M Sc i N ri SK & fi NAN cE
Sponsored by SwissLife AM,
the MSc in Risk & Finance is an advanced
programme designed to prepare students for international careers in finance.
It is a part-time programme offered in London and Singapore over a period
of 13 months. The programme prepares students for decisions in financial
markets—pricing and hedging financial instruments, assessing and selecting
investments—and familiarises them with the fundamentals of risk management.
It also prepares them for such key corporate finance decisions as determining
funding needs and managing cash and risks in an international environment.
Programme graduates are thus well prepared for careers in financial markets,
particularly in sales, product development, risk management and in investments
(research and risk analysis). They are also well prepared for careers in banking
(in treasury or investment management services, for instance) and in the treasury
or finance departments of non-financial corporations.
The programme likewise offers students the opportunity to prepare for a
professional certification, GARP’s Financial Risk Manager (FRM) certification Part I.
MSc iN
Risk
& fiNANcE
M Sc i N ri SK & fi NAN cE M Sc i N ri SK & fi NAN cElEaRning OuTcOMEs
• Master analytical and quantitative techniques for valuation and risk management of financial instruments including derivative instruments
• Assess corporate finance issues and conduct financial statement analysis, investment analysis and company valuation
• Perform skillful financial risk management through use
of key principles and tools
cORE MOdulEs
foUNDAtioNS of ASSEt PriciNG & riSK MANAGEMENt (PArtS i & ii)
Economic and mathematical foundations of asset pricing, portfolio selection, and risk management including models to value and hedge derivatives on equity, bonds, interest rates, spot exchange rates, forwards and swaps.
ExcEL, vBA & MAtLAB
Modelling in MS Excel: accessing mathematical, statistical, lookup and other functions. Building user-defined functions, process automation with vBA and introduction to MATLAB.
EMPiricAL fiNANcE
Econometrics tools and methods for empirical finance, professional applications.
ADvANcED fiNANciAL ANALySiS
Interpreting financial statements, understanding activity, liquidity, debt and valuation ratios, including ratio analysis summary and interpretation. Equity and debt valuation.
ADvANcED corPorAtE fiNANcE
Aspects of corporate finance; strategic financial decisions, debt and equity financing, corporate restructuring, including M&A, bankruptcy and restructuring.
PortfoLio coNStrUctioN & MANAGEMENt Portfolio optimisation; core-satellite investing; strategic and tactical asset allocation.
riSK MEASUrEMENt: riSK MoDELS iN fiNANcE Introduction to the concept of risk, value at Risk, back-testing models and stress testing.
ENtErPriSE riSK MANAGEMENt
Typology of risk exposures and best practices in risk management. Banking regulation and risk management: market, credit, operational and model risks, liquidity risk, stress testing and scenario analysis. Implementation of an ERM approach, governance considerations. ADvANcED PortfoLio coNStrUctioN
& ASSEt ALLocAtioN
Portfolio optimisation; core-satellite investing; strategic and tactical asset allocation.
trEASUry riSK MANAGEMENt
Structured finance products used for capital market funding; managing funding transactions and economic exposure; measuring and managing currency and interest rate risks.
fiNANciAL rEGULAtioN & EtHicS
Purpose of and approach to regulation; professional principles
and values, interaction; overview of European regulation of the investment fund industry.
PErforMANcE MEASUrEMENt, ANALySiS & rEPortiNG Single-index performance measures (Sharpe and Treynor ratios, Jensen’s alpha and Information ratio): scope, use, pitfalls and alternative methods for performance measurement, including extensions of classic performance measures.
ALtErNAtivE iNvEStMENtS (LoNDoN)
Characteristics of alternative investments: long/short equity strategies and other strategies, examples of trades, main risks of quantitative tools for alternative investment analysis.
ASSEt fiNANcE (SiNGAPorE)
overview of real estate finance, project finance and introduction to private equity financing.
iNvEStiNG iN SMArt BEtAS By EDHEc-riSK iNStitUtE Smart beta benchmarks; systematic and specific risks involved with smart betas; use of smart betas as building blocks for efficient investment.
The programme allows working professionals to go through intensive training with minimal disruption
to work. That and the quality of the faculty were key considerations in choosing the MSc. The delivery
of the curriculum focuses both on concepts and on their applicability to the modern financial environment.
And learning about their applicability is essential when you want to put these ideas into practice at work.
tingwei Lin (Singapore)—EDHEc 2013
RISK ANALYST, BARCLAYS—SINGAPoRE
toP rEcrUitErS
BARCLAYS
BNP PARIBAS
CITIBANK
CRÉDIT SUISSE SINGAPORE
EDF TRADING GDF SUEZ TRADING LVMH NEWEDGE NISSAN NOMURA PwC SOCIÉTÉ GÉNÉRALE SWISSLIFE AM Europe americas africa/ Middle East asia
5%
5%
37%
53%
France32%
Market Finance (sales, trading, research, structuring)21%
asset Management14%
Risk/product control corporate Banking/private banking/ Wealth management
18%
18%
consulting7%
Financial institutions/ Banking/insurance71%
LocAtioN ABRoAD 68% FRANCE 32%MAiN ArEAS MAiN iNDUStriES
2013 PLAcEMENt
REpORT
58% found their first job before leaving EDHEC
I chose the MSc for its highly analytical content and relevance to my current position in risk, as well as
for the extra experience it gave me before graduation, which is a great advantage in the competitive
financial job market. The programme enabled me to gain extra experience abroad and obtain leverage
from a master’s degree recognised in the financial industry.
Marie Assaker (Lebanon)—EDHEc 2013
RISK ANALYST, EDF TRADING—UK
M Sc i N ri SK & fi NAN cE M Sc i N ri SK & fi NAN cE
A WORld-class fAcULty Daniel Haguet Professor of Finance Master in Finance University of Grenoble Frank Fabozzi Professor of Finance Member of EDHEC-Risk Institute PhD in Economics City University of New York Philippe Foulquier Professor of Finance Director of EDHEC Financial Analysis & Accounting Research Centre PhD in Economics University of Paris X Björn Fasterling Professor of Law Member of the LegalEdhec Research Centre PhD in Law University of Osnabrück Geert Demuijnck Professor of Ethics PhD in Philosophy Catholic University of Louvain Abraham Lioui Professor of Finance Member of EDHEC-Risk Institute PhD in Management Science University of Paris II René Garcia Professor of Finance Dean of Graduate Studies PhD in Economics Princeton University Laurent Deville Affiliate Professor PhD in Management Sciences
University Louis Pasteur Strasbourg I Florencio López de Silanes Professor of Finance Member EDHEC-Risk Institute PhD in Economics Harvard University Noël Amenc Professor of Finance Director of EDHEC-Risk Institute PhD in Management Science University of Nice Giuseppe Bertola Professor of Economics PhD in Economics Massachusetts Institute of Technology (MIT)
A
WORld-class
fAcULty
The EdHEc faculty is an exceptional body of
international experts
who boast both academic
and business achievements. Faculty members, who have earned doctorates from the world’s leading universities
and are considered experts in their fields, are devoted to expanding
the frontiers of knowledge,
as their outstanding
track record of publication in leading academic and practitioner journals shows. They likewise author or contribute
to innumerable professional books. Visiting professors, adjunct faculty and professionals round out the faculty ranks.
among them are:
Charles Lumbers Professor of Strategy ABD in Public Administration Public Affairs Virginia Polytechnic Institute and State University
Nikolaos Tessaromatis Professor of Finance Member of EDHEC-Risk Institute PhD in Finance Manchester Business School Lionel Martellini Professor of Finance Scientific Director of EDHEC-Risk Institute PhD in Finance University of California Berkeley Marie-Catherine Mars Associate Professor in Marketing PhD in Management Science University of Nice Sophia-Antipolis Mélanie Delvaux Assistant Manager, Cross-border Tax/M&A Deloitte SA Luxembourg Michael Payte MBA
Former Senior Managing Director Bear Stearns International Ltd, London Alfred Davis PhD in Business Administration Pennsylvania State University Associate Professor of Finance Queen’s School of Business, Kingston, Ontario Michel Crouhy PhD in Finance Wharton School of the University of Pennsylvania Head of Research & Development Natixis Georges Latridis PhD in Accounting & Finance Manchester School of Accounting & Finance Associate Professor of Accounting & Finance
University of Thessaly
François-Serge Lhabitant
PhD in Finance HEC University of Lausanne CEo & CIo
Kedge Capital Fund Management Ltd Joëlle Miffre Professor of Finance Member of EDHEC-Risk Institute PhD in Finance Brunel University Maggie Gorse Managing Director Gorse Analysts Pascale Viala PhD in Finance Groupe HEC Director, Financial Economics Studies
EDHEC Business School
Pierre Mella-Barral Professor of Finance Member of EDHEC-Risk Institute PhD in Economics Cambridge University Dan Galai PhD in Business Administration University of Chicago ABE Gray Professor of Business Administration
The Hebrew University, Jerusalem
Sanjay Sharma PhD in Finance New York University Chief Risk officer, Global Arbitrage & Trading RBC Capital Markets Raman Uppal Professor of Finance Member of EDHEC-Risk Institute PhD in Finance University of Pennsylvania, Wharton School of Business Arnt Verriest Professor of Accounting PhD in Business Economics Catholic University of Louvain Dominic O’Kane Affiliated Professor of Finance Member of EDHEC-Risk Institute PhD in Theoretical Physics Oxford University Georges Hübner PhD in Management INSEAD Co-founder & Chief Scientific officer
Gambit Financial Solutions ADjUNct fAcULty Monique Valcour Professor of Management PhD in organisational Behaviour Cornell University
EDHEc caREERcENtrE
EDHEc
caREER
cENtrE
A CoMPREHENSIvE CAREER DEvELoPMENT PRoGRAMME
The EDHEC Career Centre is the one-stop shop for career development.
The EDHEC Career Centre is the one-stop shop for career development and offers
a programme specifically designed to help you define and achieve your career goals:
the TI&CD – Talent Identification & Career Development.
The TI&CD is organised around three main activities: career counselling,
career training sessions and workshops, and career resources and opportunities.
It takes into account your specific needs and professional objectives. The Career
Centre organises numerous training and recruitment events on and off campus
to prepare you for the challenging international recruitment processes and help
you network with potential employers.
Throughout your studies at EDHEc,
the career centre will support you in
mastering your career plan with:
individual coaching
career days: session and workshops
on recruitment processes and the market
Recruitment events: career Fair in paris, Finance
career days, audit days
networking with professionals
alumni spotlights & mock interviews
Business games
career chats
Job and internship offers
M2/MSc
FINE-TUNE YoUR CAREER PLAN
The Career Centre assists you in designing your job search strategy. Unique in Europe, the TI&CD programme evaluates
and assesses your strengths and areas of improvement on 10 managerial competencies defined by international recruiters.
toP rEcrUitErS
ABN AMRO BANK
ACCENTURE
ALLIANZ
AMUNDI AM
AUCHAN
AXA
BANK OF NEW YORK MELLON
BARCLAYS BLACKROCK BNP PARIBAS BPCE CAPCO CAPGEMINI CONSULTING CHRISTIAN DIOR CITIGROUP COMMERZBANK CRÉDIT AGRICOLE CRÉDIT SUISSE DANONE DELOITTE DEUTSCHE BANK EDF TRADING LTD EY GDF SUEZ TRADING GE MEDICAL SYSTEMS GENERALI GOLDMAN SACHS HSBC IBM ICAP JP MORGAN KPMG KURT SALMON L’ORÉAL LACTALIS LVMH MAZARS
MC KINSEY & COMPANY
MOODY ‘ S
MORGAN STANLEY
NATIXIS
NISSAN
NOMURA
ODDO & CIE
PwC RBC RBS ROLAND BERGER ROTHSCHILD SAXO BANK SOCIÉTÉ GÉNÉRALE
SUMITOMO MITSUI BANK
SWISSLIFE AM
SYNGENTA
THOMSON REUTERS
UBS
VÉOLIA
Via the TICD, students receive excellent preparation for job applications, making sure
at an early stage we already have an advantage over other candidates.The finance
career fair helped students make direct contacts at a lot of top-tier banks.
ruben Daemen (The Netherlands)—EDHEc 2009
ASSoCIATE, CENTRE FoR STRATEGIC PRoJECTS, DEUTSCHE TELEKoM—GERMANY
The Career Centre helped in finding my compulsory internship. Talking with the people
at the centre was also an ideal way to learn how to benefit from our powerful alumni
network. I was in regular contact with alumni, which enabled me to secure an internship
in trading at Crédit Agricole CIB in London.
Stéphane Ndzie Ngono (france)—EDHEc 2013
pRacTical
iNforMAtioN
pRacTical iNforMAtioN
The EDHEC International Relations office provides foreign students with a number of services to help facilitate their move to France. The office assists students with all administrative procedures before their arrival,
including visas, and also helps new students adapt. The office staff is ready to help students with questions pertaining to the French medical system, medical insurance and housing options.
Nationals of EU member states
EU students may live and study in France with a national ID card. No passport or visa required.
Non-nationals of EU member states
Students coming from outside the European Union must have a valid passport and must obtain a student visa from the French embassy or consulate in their country of origin or permanent residence before arriving in France.
The International Relations office has an extensive list of off-campus student apartments and private apartments for rent.
Every year the International Relations office organises an orientation event and multicultural seminar to welcome foreign students to the EDHEC campus.
To facilitate acculturation of international students. French courses are offered free of charge. iNtErNAtioNAL rELAtioNS officE
viSA AND rESiDENcE PErMit
AccoMMoDAtioN
SEttLiNG iN
adMissiOn REQuiREMEnTs
& fEES
fEES
TUITION FEES
MSc IN INTERNATIONAL ACCOUNTING & FINANCE MSc IN CORPORATE FINANCE & BANKING
MSc IN FINANCE MSc IN FINANCIAL MARKETS
MSc IN RISK & FINANCE APPLICATION FEES € 21 500 € 21 500 € 21 500 € 21 500 € 21 500 € 100
EDHEC Alumni lifelong membership included in tuition fees.
4-YEAR BACHELoR’S DEGREE oR EqUIvALENT 3-YEAR BACHELoR DEGREE FoR THE MSc IN FINANCE
ACADEMIC ExCELLENCE
GMAT oR GRE SCoRE oR CAT for Indian students only ENGLISH PRoFICIENCY TEST (ToEFL, ToEIC oR IELTS)
Waivers for native English speakers. rEqUirEMENtS
HoW to APPLy
ScHoLArSHiPS & fiNANciAL AiD
EiffEL ScHoLArSHiP Completed application form
Cover letter/essay Cv
A recent photograph Copy of passport
EDHEC offers various scholarships based on merit and financial need.
The Excellence Scholarship, which covers 40% of tuition fees, is available to students with outstanding academic records applying before 31 March 2015. The Distinction and foundation Scholarships, which cover 30% and 20% of tuition costs,
respectively, are available to promising students applying before 30 June 2015. The EDHEc Alumni Merit Scholarship is also available to students with outstanding academic records from from India, UK or the US.
outstanding students admitted to EDHEC before 1 December 2014 may be nominated for the EIFFEL Scholarship. The scholarship provides a stipend of approximately €1 200 a month for the duration of the programme.
GMAT or GRE report English Proficiency Test report
Certified copies of official transcripts
and diplomas
2 signed and stamped recommendation letters online at
www.edhec.edu
[email protected]
pROgRaMME
PortfoLio
BacHElOR in BusinEss adMinisTRaTiOn
MasTER in ManagEMEnT–BusinEss ManagEMEnT
Msc in MaRkETing ManagEMEnT
Msc in sTRaTEgy & ORganisaTiOn cOnsulTancy
llM in laW & Tax ManagEMEnT
Msc in EnTREpREnEuRsHip & innOVaTiOn ManagEMEnT
Msc in glOBal BusinEss
Msc in cREaTiVE BusinEss
Msc in ManagEMEnT sTudiEs
MasTER in ManagEMEnT–Financial EcOnOMics
Msc in inTERnaTiOnal accOunTing & FinancE
Msc in cORpORaTE FinancE & Banking
Msc in FinancE
Msc in Financial MaRkETs
Msc in Risk & FinancE
pHd in FinancE
glOBal MBa - Full-TiME
ExEcuTiVE MBa - paRT-TiME
FaMily BusinEss glOBal ExEcuTiVE MBa - paRT-TiME
adVancEd ManagEMEnT pROgRaMME (aMp)
ExEcuTiVE EducaTiOn
ManagEMEnT dEVElOpMEnT pROgRaMME (csM)
ExEcuTiVE MBa
lillE
nicE
paRis
lOndOn
singapORE
© E
D
H
EC July 2014
EDHEC is one of the 50 business schools worldwide to hold the “Triple Crown” of international accreditations—EQUIS, AACSB and AMBA—from the three international bodies that certify the excellence of study programmes, faculty quality, relations with the business community and commitment to the local and economic environment.
LILLE
24 avenue Gustave Delory - CS 50411 59057 Roubaix Cedex 1 - France
Tel: + 33 (0)3 20 15 45 00 Fax: + 33 (0)3 20 15 45 01
NICE
393 promenade des Anglais - BP 3116 06202 Nice Cedex 3 - France
Tel: + 33 (0)4 93 18 99 66 Fax: + 33 (0)4 93 83 08 10
PARIS
16-18 rue du 4 septembre 75002 Paris - France Tel: + 33 (0)1 53 32 76 30 Fax: + 33 (0)1 53 32 76 31LONDON
10 Fleet Place, Ludgate London EC4M 7RB - United Kingdom
Tel: + 44 (0)207 871 67 40 Fax: + 44 (0)207 248 22 09
