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PROGRAMMES
1-year programme
MSc in Finance
MSc in Corporate Finance
MSc in Risk & Asset Management
MSc in Capital Markets
MSc in Marketing Management
EDHEC MSc programmes
• EDHEC Business School
EDHEC Business School is currently ranked in 9th
position in the Financial Times European Master in
Management rankings. With over 5000 students on its
3 campuses Nice, Lille and Paris, EDHEC is the largest
business school in France. It offers a full range of
programmes including Master in Management, Master
of Science and MBA. EDHEC is the most international
school in France Indeed the rate of EDHEC alumni
getting their first job abroad is the highest in France
(31%) and 1 in 6 students on campus are non-French.
• MSc programmes
The Master of Science (MSc) programmes are entirely
taught in English to graduate level participants
from around the globe who want to specialise in
a specific area of management. Finance related
Masters programmes are taught on the School’s
campus in Nice whereas the General Management
related Masters programmes are taught on the Lille
campus. This campus specialisation is based on
the specialisation of the EDHEC Research Centres
implanted on each site. From September 2009,
students aiming for a career in Finance will be able to
enter the new Financial Economics Track, a two year
specialisation within the MiM programme and leading
to a choice of Finance related MSc programmes in the
final year.
Why choose the 1-year
Master of Science programmes?
l Accelerated specialist programme
Get your Masters in one year only
These one-year specialisation
programmes target high-achievers with
solid backgrounds in either Finance,
Mathematics, Engineering or Science.
When choosing this 1-year programme,
students commit to an intensive programme.
Students typically have one or two years
of professional experience in a related
field and are able to take up the challenge
of these fast-paced programmes.
l Worldwide recognised degree
In line with EDHEC’s reputation
A Master of Science degree is a recognised
diploma throughout the world and by its
specialist nature is much appreciated
by employers. The brand EDHEC is
wellknown throughout Europe based on
its 100 years of experience in business
education. Ranked by the Financial
Times as one of the best Schools in
Europe, an internationally recognised
MSc programme from EDHEC will give
a leading edge to every CV.
l International classroom
Work in a multi-cultural setting
As an EDHEC MSc student, you will
find yourself sharing a classroom
where approximately 70% of your
fellow classmates have an international
background. Through managing team
work with a variety of nationalities, this
culturally-rich learning environment will
sharpen your communication skills and
provide insight into the ways of working
in other countries. Such valuable people
management skills will facilitate your
future international business conduct.
l High-level internships
Stepping stone to a full-time position
Each MSc requires a compulsory 3 to
6 months internship to round off the
programme. Through the school’s strong
company links and international reputation,
students can enter high level trainee
positions around the world. These work
placements help contribute to tuition fees
and living expenses and are remunerated
around €1.600 per month. 80% of MSc
students have full-time positions before
the end of the programme which then
replaces the internship requirement.
l Unique career service
TI & CD Programme
EDHEC is the only business school in
France to offer its students the Talent
Identification & Career Development
programme. As an MSc Student, you
will benefit from a strong personal
development, be trained for recruitment
process and be prepared to face
competition in an extremely competitive
and demanding internation market.
You will have a personalised Career
Development Process, an individual Career
Development Plan, a Talent Identification
Seminar and a workshop corresponding to
your competencies to develop or optimise
your potentential.
l EDHEC for life
Alumni Network 2nd in the World
When you enter EDHEC Business
School, you become one of the 18 000
life-members of EDHEC’s global Alumni
Network which was voted second by
the Economist Intelligence Unit in the
Potential to Network category of the 2007
worldwide ranking of MBA programmes.
You will be able to use the services of this
professional tool throughout your career.
l French Language courses
To help you adapt to life in France
To facilitate international students’
integration in France, EDHEC provides free
French language courses for international
students. This unique opportunity allows
students to discover more about the French
language and culture and is obviously an
advantage to all participants wishing to
add an extra skill to their CV. Prospective
European employers will also appreciate
this added skill to an already enhanced
international background.
l CFA - CAIA exam preparation
Prepare a professional qualification
If meeting the needs of the business world
is the goal of all EDHEC programmes, the
Masters of Science in Finance and Risk
and Asset Management has taken this
idea even further by actually preparing
their participants for major international
professional certifications such as the CFA
(Chartered Financial Analyst) and the
CAIA (Chartered Alternative Investment
Analyst).
MSc in Finance
Pierre Mella-Barral,
PhD
Scientific Director
MSc in Finance
The MSc Finance programme is designed
to impart a wide-ranging understanding of
corporate finance and market finance. Its
broad curriculum prepares students for
careers in banking, consulting, investment
management, private banking and
accounting.
The programme’s contents are designed
to impart students with a thorough
understanding of the nature and operation
of international financial markets and
institutions and to develop the analytical
skills essential to structuring deals
and designing financial instruments,
pricing financial products and valuing
companies, designing and managing
investment portfolios and managing risk
for financial institutions and multinational
corporations.
CFA (Chartered Financial Analyst) curriculum
textbooks are used as core programme
readings to maximize participants’ industry
readiness and to prepare the students for
the CFA Level 1 exam which can be taken at
the end of the academic year in June.
10 Core Courses
Corporate Finance
The aim of this course is to provide participants with a solid understanding of strategic issues in corporate finance.
Financial Accounting and
Analysis
The main objective of this course is to provide participants with a solid framework for understanding and analysing financial statements.
Money and Capital Markets
This course is designed to give participants an overview of the nature and operation of financial markets and to prepare them for more advanced work in corporate and market
finance.
Financial Engineering
This course presents a broad range of recent and important financial innovations and initiates participants to the fundamentals of financial engineering and quantitative analysis
of investments management.
International Corporate Finance
and Governance
The objective of this course is to develop students’ knowledge of the strategic as well as legal and regulatory aspects surrounding international corporate restructuring activity,
and to equip them with techniques as well as a framework for analysing and participating in the arrangement of mergers, acquisitions, divestitures, Leveraged Buy-Outs and
other forms of corporate restructurings.
Fixed Income Analysis and Risk
Management
This course is about interest rates and risk management in bond markets. It develops insights into different bond portfolio strategies and illustrates how various types of
derivative securities can be used to shift the risks associated with investing in fixed-income securities.
International Economics
This course equips participants with the conceptual framework, the experience, and the tools for analysing international economic problems and policies and engaging in
economic forecasting.
Portfolio Management
The main objective of this course is to give students an integrative presentation of the most recent theory and practice of portfolio management.
Options and Futures
The objective of this course is to provide students with an in-depth coverage of options, futures, and other widely used derivative products. It stresses pricing and uses of
derivatives for financial engineering and risk management.
Financial Analysis and
Management of International
Groups
This course is designed to train participants in the preparation, analysis and use of consolidated financial statements for multinational groups, and to provide them with an
understanding of strategic issues related to the choice of accounting standards.
MSc in Corporate Finance
Florencio Lopez-de-Silanes,
PhD
Scientific Director
MSc in Corporate Finance
The MSc Corporate Finance programme
is ideal preparation for international
careers in investment banking, consulting,
corporate financial control, accounting and
strategic management. Its focused blend of
core modules such as corporate finance,
governance, strategy and valuation along
with a host of elective courses makes it
ideal for those students who are looking for
a specific study exposure in order to tailor
their study objectives.
The programme is a highly effective way of
mastering the core concepts and theory of
corporate finance which underpin modern
day international finance within the global
market economy.
6 Core Courses
Corporate Finance
The aim of this course is to provide participants with a solid understanding of strategic issues in corporate finance.
Financial Accounting and
Analysis
The main objective of this course is to provide participants with a solid framework for understanding and analysing financial statements.
Strategy
This course provides extensive coverage of corporate strategic decision making within the corporate framework.
Valuation and Project Finance
The objective of this course is to impart a thorough knowledge of project financing methods currently employed in industry. Real option valuation for financial decision takes up a
significant part of the course content.
International Corporate Finance
and Governance
The objective of this course is to develop students’ knowledge of the strategic as well as legal and regulatory aspects surrounding international corporate restructuring activity,
and to equip them with techniques as well as a framework for analysing and participating in the arrangement of mergers, acquisitions, divestitures, Leveraged Buy-Outs and
other forms of corporate restructurings.
Mergers and Acquisitions
The objective of this course is to develop students’ knowledge of the strategic as well as legal and regulatory aspects surrounding Merges and Acquisitions.
+ Elective courses below
+ 120 hours of Elective Courses for the MSc in Corporate Finance, the MSc in Risk & Asset Management, the MSc in Capital Markets programmes only
• Trading the Capital markets • Market Risk Analysis • Options Futures and other Derivatives • Financial Theory and Risk Management • Credit Modelling• Insurance • Exotic Financial
Products • Behavioural Finance • Operational Risk Management • Real Estate Valuation • Structured Products • Back Office Operations • Regulation and Compliance • International Security
Law • Commodities • Islamic Finance • International Corporate Finance and Governance • Mergers and Acquisitions •Benchmarking and Process Management • Information Systems and
Project Management • International Accounting • Management accounting and control • International Tax Management • Strategy and Financial Policy • Strategic Cost Management • Project
Finance • Financial Communication • Equity Valuation
MSc in Risk & Asset Management
The MSc in Risk and Asset Management is
the perfect launching pad for those students
interested in working in the exciting areas of
asset and liability management, alternative
investments, fund of hedge funds, risk
management and research.
Lionel Martellini,
PhD
Scientific Director
MSc in Risk & Asset Management
This degree programme integrates the most
recent advances engineered in the EDHEC
Risk and Asset Management Research
Centre with the support of leading financial
institutions. The course benefits from the
resources and the reputation of Europe’s
premier academic centre for asset
allocation research and provides graduates
with a wealth of career opportunities in
the finance industry. The CFA, FRM/PRM
and CAIA syllabi are all covered to a large
extent and the programme presents an
excellent opportunity to study and take
these additional examinations during the
year.
6 Core Courses
Financial Theory and Risk
Management
The course deals with a variety of topics including the meaning and measurement of risk, general single-period portfolio problems, mean-variance analysis, the Capital Asset
Pricing Model, arbitrage pricing theory and multi-period portfolio problems.
Financial Modelling
The course starts with a review of matrix algebra and calculus, descriptive statistics, statistical inference, sampling and data analysis followed by an in-depth study of the linear
regression model. The final part of the course covers advanced material in financial econometrics with a specific focus on GARCH models for time series modelling.
Fixed Income Analysis and Risk
Management
Rigorous and quantitative in nature, this course equips participants with an in-depth understanding of state-of-the art techniques used to generate performance and implement
risk management processes in fixed-income markets.
Options, Futures and other
Derivatives
This course provides participants with an exhaustive coverage of widely used derivative products stressing pricing and uses for financial engineering and risk management.
Asset Management
Drawing on the expertise of the EDHEC Risk and Asset Management Centre this course presents the most recent theory and applications of portfolio theory and financial
engineering applied to active and passive asset and liability management.
Alternative investments
The purpose of this course is to give participants a good understanding and workable knowledge of the techniques that should be part of the toolkit of anyone investing in, analyzing
and/or advising private and institutional clients on the inclusion of hedge funds and CTAs in their portfolios.
+ Elective courses below
MSc in Capital Markets
The MSc in Capital Markets programme
has been designed specifically for students
interested in pursing careers in capital
markets trading, international banking,
treasury operations and derivative pricing.
Additionally students might also find
lucrative careers within hedge funds.
The programme focuses on the theory,
pricing and trading of international capital
market instruments. Students also benefit
from the school’s virtual trading floor where
trading simulations can be performed with
real time financial data for market making
and historical financial data for the trading
and design of alternative investment
products.
René Garcia,
PhD
Scientific Director
MSc in Capital Markets
6 Core Courses
Money and Capital Markets
This course is designed to give participants an overview of the nature and operation of financial markets and to prepare them for more advanced work in corporate and market
finance.
Financial Modelling
The course starts with a review of matrix algebra and calculus, descriptive statistics, statistical inference, sampling and data analysis followed by an in-depth study of the linear
regression model. The final part of the course covers advanced material in financial econometrics with a specific focus on GARCH models for time series modelling.
Fixed Income Analysis and Risk
Management
Rigorous and quantitative in nature, this course equips participants with an in-depth understanding of state-of-the art techniques used to generate performance and implement
risk management processes in fixed-income markets.
Options, Futures and other
Derivatives
This course provides participants with an exhaustive coverage of widely used derivative products stressing pricing and uses for financial engineering and risk management.
Trading the Capital Markets
This course provides participants with an introduction to the practice of trading and market making by combining an analytical approach of market dynamics with practical
implementation in the real-life environment of the EDHEC dealing room.
Market Risk Analysis
This course is designed to impart a thorough understanding of global risk management to the student. Advanced topics in risk analysis and management theory are described to
enable the student to be able to model, understand and engineer risk in today’s complex financial market landscape.
+ Elective courses below
+ 120 hours of Elective Courses for the MSc in Corporate Finance, the MSc in Risk & Asset Management, the MSc in Capital Markets programmes only
• Trading the Capital markets • Market Risk Analysis • Options Futures and other Derivatives • Financial Theory and Risk Management • Credit Modelling• Insurance • Exotic Financial
Products • Behavioural Finance • Operational Risk Management • Real Estate Valuation • Structured Products • Back Office Operations • Regulation and Compliance • International Security
Law • Commodities • Islamic Finance • International Corporate Finance and Governance • Mergers and Acquisitions •Benchmarking and Process Management • Information Systems and
Project Management • International Accounting • Management accounting and control • International Tax Management • Strategy and Financial Policy • Strategic Cost Management • Project
Finance • Financial Communication • Equity Valuation
MSc in Marketing Management
Guergana GUINTCHEVA
PhD
Programme Manager
MSc in Marketing Management
The MSc in Marketing Management
programme provides a rigorous and
in-depth understanding of marketing
concepts and techniques. Its handson approach is especially designed to
prepare students to assume upper-level
positions within the marketing function.
Marketing management uses theories and
techniques from the fields of psychology,
management, economics, mathematics
and computer science so the curriculum
includes a wide range of topics, the latest
academic knowledge and operational
techniques.
The programme explores various
aspects of marketing in different types
of organisations, and different business
contexts (Business to Consumer, Business
to Business) with particular attention paid
to specific sectors (e.g., luxury brand
management, key account management,
creativity and communication etc).
These fields offer the greatest number
of career prospects and make the most
of the international background of the
participants. Currently in full expansion
both in France and abroad, the luxury
brand sector requires graduates with
sound knowledge of the technical and
cultural aspects involved in this sector.
Key account management marketing is
associated with an increasing number
of companies whose growth depends on
a few clients and who need specialists
able to link the marketing function and
the specificities of the company.
10 core courses
International Marketing
Development
Key issues in corporate marketing management from an international perspective, planning and implementing marketing strategies in international business settings.
Consumer culture
Sociocultural, experiential, symbolic, and ideological aspects of consumption, consumers’ active process in the so the curriculum includes a wide range of topics, the latest
academic knowledge and operational techniques.
Strategies for Disruptive
Innovation
Moving up-market through performance improvements, revolutionary strategies for products and services.
Marketing Research and Methods
Principles and methods of research, information acquisition, qualitative and quantitative methods.
Marketing Strategy, Planning
and Performance (business
simulation
Marketing and strategic planning, concepts and methods of marketing planning, objectives and components of core strategy, marketing mix and marketing planning,
implementation and control.
Customer Relationship
Management
Creating long-term profitable customer relationships, customer life time value, concepts and technologies for competitive advantage, developing a hands-on experience
based on a case situation (partnership with CRM companies).
Key Account Management
Meeting customers’ needs and anticipate their future requirements; developing individual plans that will secure renewals and optimise profitable new business growth
potential.
Luxury Brand Management
Brand architecture, creating, developing and re-positioning real brands for both domestic and international markets.
Creativity and Communication
Overview of the various components of advertising and communication, creating, developing and communicating marketing strategies in domestic and international
settings.
High-tech and E-Marketing
New technologies and marketing, online marketing strategy, viral marketing, street campaigns.
Curriculum: MSc programmes
COURSES
Courses and Workshops................................................................................................................................................................................ 360 Hours/60 ECTS credits
Courses depend on the MSc programme specialisation.
MASTER’S THESIS
.......................................................................................................................................................................................................................................... 15 ECTS credits
The dissertation must integrate pertinent conceptual and theoretical elements and make use of a rigorous methodology to address issues relevant
to the field of specialisation. A methodological seminar prepares participants to carry out this applied research.
INTERNSHIP / WORK EXPERIENCE
.......................................................................................................................................................................................................................................... 15 ECTS credits
Duration of 3 to 6 months. The internship must give participants opportunities to apply course concepts, develop professional skills and provide tools
to carry out a project in a chosen field of specialisation. A full time position in a company can replace the internship requirement.
APPLICATION CHECKLIST
Applicants must include the following elements with their
application:
• Completed application form available at
www.edhec.com
• Essay
• Certified copies of diplomas and transcripts.
• Two signed and sealed letters of recommendation
• GMAT score. Expected GMAT scores:
> 550MSc in Marketing Management
> 600 MSc in Finance
MSc in Corporate Finance
> 650 MSc in Risk & Asset Management
MSc in Capital Markets
• Test of English as a Foreign Language score.
TOEFL (internet based) > 100, TOEIC > 900, IELTS > 6,5
Lille Campus
58, rue du port
59046 Lille Cedex - France
Tel: +33 [0]3 20 15 45 00
Fax: +33 [0]3 20 15 45 01
TUITION FEES
MSc: €13 900
MIM: €21 000 for the total 2 years.
Fees do not include living expenses.
APPLICATION FEES: €60
ACCOMMODATION
The School helps participants find accommodation
in the EDHEC student residence or in privately owned
apartments and houses. Students eligible for the French
residency permit receive a State housing grant covering
approximately 25% of the rent.
FINANCIAL AID
Most participants finance their studies through a
combination of savings and loans. A limited number of
scholarships and financial aid is available through the
School, based on the overall excellence of their profile.
Nice Campus
393, promenade des Anglais BP3116
06202 Nice Cedex 3 - France
Tel: +33 [0]4 93 18 99 66
Fax: +33 [0]4 93 83 08 10
contact
Ms Maureen Byrne
Admissions Officer
58 Rue du Port
59046 Lille Cedex
France
Tel: +33 (0) 3 20 15 44 65
Fax +33 (0) 3 20 15 48 41
Email: [email protected]
the edhec advantage
• Expert Faculty
• Research Prominence
• Industry Recognition
• Academic Excellence
• Triple Accredition
• International Orientation
• Careers Development Programme
• Global Alumni Network: 2nd in the World
• Triple campus - Nice, Lille and Paris
For details please visit
WWW.EDHEC.COM
Paris Campus
Pôle Universitaire Léonard de Vinci
92916 Paris La Défense
Tel: +33 [0]1 41 16 76 34
Fax: +33 [0]1 41 16 76 45
London Office
21, Dartmouth Street - Westminster
London SW1H9BP - England
Tel: +44 [0]20 7304 7064
Fex: +44 [0]20 7304 7034
The content of this brochure is not legally binding. Contents may be subject to modification.
APPLICATION DEADLINES
MSc deadline June 30, MiM deadline June 15. Applications
are processed on a rolling admissions basis.
ADMISSION REQUIREMENTS
Master candidates should possess the following:
• Bachelor’s Degree or higher.
• Academic excellence
• Scholastic potential
• A strong command of written and oral English