The MSc in Investment Banking and Risk Management programme is designed for those interested in working inthe financial services sector and who have an academic background in Financial Mathematics/Applied Mathematics/ Engineering Sciences or Physics and have graduated with an International Bachelor’s degree in the fore-mentioned subjects or with a French Master’s degree (M1). The MSc programme will provide the skills needed to master advanced analytical tools needed in modern finance.
Students in the programme will develop the expertise to analyse and control financial risks. It covers areas such as Mathematical Finance, Risk Management, Programming and Finance, Regulation and Future Governance. The course is tailored to prepare students for jobs such as: Risk Analyst, Quantitative analyst, Structured product specialist, Compliance Officer, Auditor
The pedagogical approach blends theoretical teaching with the study of real-life cases. Students will have the opportunity to work on current business problems
with financial firms. As an integral part of the programme, students will complete a 4-6 month internship. After the internship, students will prepare a dissertation using the experience gained during their time in the company under the supervision of an Internship Tutor from the company and an ESILV professor specialised in the topic of the dissertation. The first semester of the the programme can be completed at ESILV (Paris) or at the University of Padova (Italy).
Professor Focardi is MSc IBRM Programme Director and researcher in the Finance Laboratory at the Pôle Universitaire Léonard de Vinci in Paris. In addition to his role at IBRM, he is Visiting Professor of Finance at the University of New York at Stony Brook and lecturer at the University of Princeton. Prof. Focardi has a Ph.D in Mathematical Finance from the University of Karlsruhe (Germany) and a Degree in Electronic Engineering from the University of Genoa (Italy). His areas of research include asset management, where he has developed statistical arbitrage applications, the theory of economic and financial crises, and the theory of economics with multiple interacting agents. Professor Focardi has contributed articles to journals such as The Journal of Portfolio Management, Journal of Economic Behavior and Organization, The American Economist, and Mathematical Methods in Operations Research.
Professor Grunspan is Director of the MSc Scientific Committee. A former student of the Ecole Normale Supérieure in Paris, he has a doctorate in Mathematics from the Ecole Polytechnique in Paris. After working as a Quantitative Analyst at BNP Paribas in London, Professor Grunspan returned to academia. His areas of research include fixed income market and derivative products. Professor Grunspan has contributed numerous articles to peer-reviewed journals including the Journal of Algebra, Communications in Mathematical Physics, European Journal of Operational Research.
Professor Grasselli is Director of the Finance Laboratory at the Pôle Universitaire Léonard de Vinci in Paris and MSc Programme Coordinator. He is also Professor at the Department of Mathematics at the University of Padova (Italy). Professor Grasselli has a Ph.D. in Quantitative Finance from the Université Paris 1-Panthéon-Sorbonne and a Ph.D. in Applied Mathematics from the University of Trieste (Italy). Professor Grasselli’s areas of research include stochastic volatility, fixed income market, derivatives pricing. He has published in peer-reviewed journals including Mathematical Finance, Risk Magazine, Journal of Banking and Finance.
Model identification, calibration and data analysis
Linear and nonlinear computational algebra : an introduction
Model identification and calibration
Stochastic methods for finance
Fundamentals of Stochastic methods
Advanced Stochastic methods for finance
Stochastic differential equations
Stochastic differential equations
Scientific computing and programming
Programming : an introduction to VBA and Matlab
Object oriented programming and data mining
Statistics for Risk Management
Extreme Value Theory
Bloomberg and VBA for Finance
Accounting and Regulatory
Asset Liability Management
Beyond Basel III
Interest Rate Risk Management
Systemic Risk Modelisation
Bank of the future
History of money and banking system
International Finance andsystemic risk
Bank and monetary policy
French as a Foreign Language
We offer an excellent work environment with state-of-the-art facilities in the heart of the largest financial district in Europe, La Défense – you will be where all the action is. ESILV is located in the Pôle Universitaire Léonard de Vinci, which offers students a highly-secure study environment where you will find up-to-date technology and equipment necessary for your studies. The Pôle Universitaire Léonard de Vinci has dedicated spaces for the comfort andwell-being of the students – including a choice of cafeterias, a sports center and lounge areas. From day one, when the international relations department meets you at the airport and helps you settle into Paris, you will get support from administrative and academic staff to make your learning experience in Paris a remarkable one.
If you choose to do the first semester at the University of Padova, you will get the opportunity to study in an institution with an incredible history. Not only does the University have the oldest University Botanical Garden in the world, you can also discover the ancient Palazzos, Astrological Observatory and historical collections in the museums. With about 65 000 students, the University of Padova is ranked as the leading Italian University, as well as being in the top 300 worldwide in the Shanghai rankings.
The following companies have shown their interest in the MSc in Investment Banking and Risk Management. As well as being members of the Scientific Comitee,
they will contribute to the taught-part of the programme and propose Internship offers in their companies: Société Générale (Risk and Capital Models Department), BRED (Department of Capital Markets), Blackridge Bank (President and CEO), Monte dei Paschi Siena (Head of Global Markets), DanskeBank (Head of Front Office Quantitative Applications), CONSOB (The Commissione Nazionale per le Società e la Borsa).
The Pôle Léonard de Vinci has 12 Bloomberg terminals where you can simulate being a trader. The Bloomberg Trading room gives you the opportunity to familiarise yourself with the markets and its financial products, with the aim of becoming almost fully operational for your future employer. You will create
a network of contacts with the help of the Bloomberg Chat tool, where you can contact professionals and send them your CV.
12 months of classes
4-6 months Company Mission/ Internship (you can do this anywhere in the world)
Intake : February
Tuition fees : 15 000 €
To apply for the MSc in Investment Banking and Risk Management the pre-requisites are as follows:
The cost of living will vary significantly dependent on your lifestyle. This is estimated to be between 1 000 and 1 500 € per month (housing, food, electricity…). The International Relations Department will provide you with housing options offered by our housing partners.
International Programmes Manager
Pôle Universitaire Léonard de Vinci
Tel : +33 (0)1 41 16 70 86
Les champs marqués d'un astérisque (*) sont à remplir obligatoirement et correctement.