MSc International Finance Director amyuni-tarek.jpg
Tarek Amyuni is the program director of two SKEMA Masters: the Master of Science in International Finance and the Mastère Spécialisé in Financial Engineering and Technology (Finance de Marchés Innovations et Technologies). He teaches International Risk Management as well as Fixed Income Management in the Grande Ecole and graduate programs and is a faculty member of the SKEMA center of expertise, Glob@lfinance. He joined the SKEMA faculty in 1999 after a career in international finance with NY-based Merril Lynch Pierce Fenner & Smith where he managed fixed income and equity portfolios. He received an MBA in International Finance from Thunderbird University in Glendale, Arizona.
Program Outline
The MSc in International Finance is a market-driven finance program that closely reflects the constantly changing world of international finance. The teaching and curriculum use a practical approach.
The program educates students in a personalized academic environment for success in finance business by giving the student practical expertise in the key fields in this area, including Risk Management, Corporate Finance, or Derivatives and Trading. Secondly, it teaches these professional skills within a global macro-economic and financial environment, with market-oriented courses in computer programming such as VBA. Availability of Reuters terminals with existing live quotes from different exchanges allows the students to complete course material with live market experience.
The ultimate aim of the program is to enable students to realize their potential in their future careers by: giving students regular access to experienced financial specialists who strive for a delicate balance between the importance of strong academic skills and practical market experience; improving and broadening the career prospects of participating students by providing them with training in financial risk management and a good grasp of current issues in international finance; offering a vehicle for career change for those participants who may be working or studying outside the field of finance.
Why Choose This Program?
Small, international classes mean students build fruitful inter-cultural relationships with one another and their teachers. Classes are taught by professors who have both strong academic backgrounds and expert professional experience in finance. This unique combination provides students with: an up to the minute insider’s perspective of the changing financial arena, how these changes play out, and how to react in the day-to-day world of work.
The teaching emphasizes a hands-on, problem-solving approach that means graduates can work productively from Day One on the job. Graduates can be sure of future career mobility because the International Finance MSc strikes the right balance between technical skills and a global perspective.
The program is developed constantly to ensure its relevance to shifting global financial markets. Classes are also complemented by various conferences given by full time, high-caliber professionals from public and private institutions in the global capital markets.
Throughout the year, students develop professional contacts, get access to information from various resources, and learn from each other. Indeed, one of the strongest assets of this program is the opportunity for cross cultural interactions and learning. The highly international make up of classes will make it possible for students to create a wide network of friends and colleagues.
Your Future Career
The on-going development of the MSc in International Finance guarantees its relevance and ensures that students are professionally operational by the end of the year.
The range of the MSc IF program provides highly motivated students and young professionals with opportunities to pursue careers in a wide variety of corporate and market finance fields. Whilst having a strong disciplinary base in International Capital Markets, its scope is such that graduates will be able to work with specialists in wider areas and take on jobs as brokers, traders, risk managers and in sales as well as other financial markets-related activities.
It is expected that upon completion of the program, students will have the education and training to work in a variety of organizations including: commercial and investment banks, financial advisory companies, economic research think tanks, official financial institutions, securities houses and MNCs.
The roles that graduates of the program would be expected to play are essentially strategic, analytical and planning with strong financial technical skills essential to the job.
Recent graduates have been recruited by leading financial institutions and multinational corporations such as Deutsche Bank, BNP Paribas, JP Morgan, Morgan Stanley, Deloitte, PricewaterhouseCoopers, Thales, Novartis, Philips, Banque Européene d’Investissement, HSBC, KFW / DEG.
Niveau standard : BAC+4 Admission sous condition : BAC+3 Durée : 1 an Cout formation : 11985 Diplôme préparé : master of science
Conditions admission
ONE-YEAR MASTER OF SCIENCE
For students with a four-Year Bachelor's degree or equivalent
In order to apply for a one-year MSc program you must satisfy the following requirements:
* Four-year Bachelor’s degree or equivalent (Honours degree or substantial professional experience).
* English language test to prove a minimum level of English: TOEFL 580 (paper-based), 237 (computer-based) or 92 (internetbased) / TOEIC 830 / IELTS 6.5.The test is waived for students who have a Bachelor’s degree from an English speaking university.
* A GMAT or GRE score will be to the candidate’s advantage.
The final step of your application process will be a face-to-face, or telephone, interview.
TWO-YEAR MASTER OF SCIENCE
For students with a three-year university degree
Year 1: MSc Prepapratory Program
Year 2: MSc
In order to apply for the two-year MSc program you must satisfy the following requirements:
*Three-year Bachelor’s Degree or equivalent.
*A TOEFL/TOEIC or IELTS score report proving a sufficient level of English.
*A GMAT or GRE score will be to the candidate’s advantage.
The final step of your application process will be a face-to-face, or telephone, interview.
Candidates should send their application package (recommendation letters, résumé, official academic transcripts and copy of diploma) to the address below:
Following reception of your application the International Recruitment Department will contact you to fix an appointment with you for the interview.
SKEMA Business School
International Admissions / Vanessa GAUD
Rue Dostoïevski BP085
06902 Sophia Antipolis Cedex ? France
E-mail: internationalprograms@skema.edu
Phone : +33 (0)4 93 95 32 79
Fax: +33 (0)4 93 95 44 88
Pédagogie
Semester One
Required Courses
Financial Mathematics (pre-semester)
The objective of this course is to familiarize the students with the techniques used to solve the most frequent problems relating to the value of money in time. The principal financial applications are those relating to financing and management of investments.
Strategic Choice
To make students proficient in the analytical tools and techniques used by strategists. Students learn how: to assess and choose the “best” strategies for different organizations; to ensure that the various functional decisions follow from and facilitate ?rather than obstruct? implementation of strategy.
Financial Markets
This course will include developing knowledge of what the financial markets are all about: who are the players in the financial markets; what are the instruments and tools of the financial markets; how risk is managed; and how the financial markets operate and are monitored and regulated; as well as financial markets vocabulary.
Options, Futures and Derivatives
This course is an introduction to derivative security markets. The goal of the course is to develop a core set of principles that will help you make sense of the diverse ways derivatives are used in practice. These principles are developed through a series of real-world examples with an emphasis on simultaneously developing intuition and familiarity with a broad spectrum of markets and institutions. The valuation and use (e.g., hedging and speculation) of forwards, futures, swaps, and options will be a focal point of the course.
Valuation and Financial Engineering
This course develops the main firm valuation methods and the value creation drivers and introduces the market for corporate control: takeovers, restructuring of firms.
Globalization
International outsourcing and its impact on investment and employment; the role of globalization and its effect on the wealth gap between, and within, countries; the role of the State and of international institutions in funding development and establishing regulations and governance; the threats and opportunities of global markets for management and company strategy.
Research Methods & Critical Thinking
Prepares students for the final dissertation, helping them to identify a good topic, how to best go about doing the research, and to understand the implications of their choice of methodology. In doing so, it will introduce students to a range of methods and issues that will allow them to adopt a critical-thinking approach to this and other projects.
Elective Courses (over both terms)
VBA Programming
VBA is a user-friendly programming language used on trading floors by anyone who needs to do macros in Excel. VBA programming facilitates a faster and more efficient way of making calculations and requests. First, students will be taught how to program, then financial applications will be made using VBA.
Technical Analysis
"Technical analysis is based upon the idea that markets move in trends, and that trends are determined by investor's reactions to a wide variety of changing forces" (Pring). The objective is to present you with the existing tools of technical analysis as a means to understanding markets' workings, projecting market swings, and capitalizing on investment opportunities.
Structuring Finance
For students who want to work in trading. It offers a global view of the various professions, types of markets and products involved, and will give students a sound basis in creating structured products. Case studies are for students wishing to start a career on an investment floor; students will gain a global vision on related structuring finance jobs. The course will focus on structuring and options: option pricing methods and applications. Structured products are mainly targeted for hedging (convertibles, debt, guaranteed investments), or on underlying assets ranging from agricultural-hedging on corn for example, to transportation-hedging on oil, import/export-hedging on currencies, debt management-hedging on interest rate through credit derivatives exposure etc...
Semester Two
Required Courses
Strategy in Action: Corporate Governance
Anti money laundering regulation (US, Europe); compliance and regulation; financial markets and the role of regulating agencies as well as the current regulatory regime. Ethics in various aspects of business activities will also be addressed as well as its evolution as business becomes more international. With case studies, students learn to recognise suspicious transactions and the appropriate and ethical behaviour expected.
Fixed Income Management
You will gain understanding of: the bond market and pricing of bonds; measuring yield and volatility; treasury and corporate markets; FRAs and IRS; bond portfolio management; asset liability management; interest rate futures and hedging; and credit derivatives.
Trading
This thirty-hour trading class will be presented by three different traders. Each of the three traders will cover ten hours of their individual trading strategy they themselves use on their respective trading desk. Behavioral finance and mathematical models will be presented in this module.
International Portfolio Management
The various portfolio management methods, with specific focus on equity portfolio management: financial analysis, valuation principles, management of stocks and evaluation of asset management. Stock markets across the world will be analyzed.
Business Game “EPM”
A computer-simulated business game. Teams are in competition to gain market share and profit. Students make decisions on commercial, financial, production, personnel and quality matters. Decisions impact on other teams. The computer uses a model that simulates the reactions of markets, reacts to the balance between competitors and all the financial, social, technical and stock market consequences of your decisions and resulting sales.
Additional Non-Credit Courses
Team-building Day
The ice-breaker: one-day, sociable event for all MSc students to start off the year. Students take part in challenging, sporting and intellectual tasks in teams, in one of the region’s beauty spots. The idea is that students get to know each other, make friends and have a lot of fun.
Pre-sessional Intensive Business Catch-up Course
This is an intensive course, taught just before the real MSc academic year starts. It is principally for students with non-business backgrounds, so that they can come up to speed on the business basics through intensive courses in Marketing and Finance.
Job Hunting Skills & Techniques
Practical workshop to prepare students for the job market. This course will give students the necessary tools and confidence to find an internship and first job. Writing a winning CV and cover letter. Job interview success.
French for Foreigners
French language classes for beginners, intermediate and advanced. If you don’t already speak the language, this will be a great opportunity to learn.
CFA® Tutorial
SKEMA offers a comprehensive two-term tutorial program to assist motivated students for the Level 1 examination of the CFA® Chartered Financial Analyst certification.
Source de financement possible
The application fee is 120 euros (non-refundable)
The tuition fee is 11,985 euros for each MSc.
The tuition fee for the one-year MSc Preparatory Program AND an MSc is 17,000 euros.
Estimated monthly cost of living:
Accommodation : 400 euros
Food : 300 euros
Transportation: bus pass for students (Antibes-Sophia): Free!
Recreational activities: 150 euros
TOTAL: 850 euros
Bear in mind that 5 or 6 books will be needed each semester (on average 50 euros each).
SKEMA Scholarships
SKEMA offers students with very good potential the opportunity to be granted scholarships for excellence that may entitle them to a rebate on their tuition of up to 5,000 euros.
The scholarship for excellence is based on merit according to the following criteria:
Excellent GMAT or TAGE MAGE
Excellent GPA
Overall quality of the application: professional project, extra-curricular activities ...
Scholarship application procedure:
If your profile is compliant with the above-mentioned criteria and you are willing to apply, please download the Scholarship application form , fill it in and send it back together with your application package for the MSc program to:
Corina MILLIEX
SKEMA Business School -
BP-085 - 60, Rue Dostoievski
06902 SOPHIA ANTIPOLIS CEDEX - FRANCE.
Your application will then be studied by a jury, and Admissions in SKEMA will inform you about their decision.
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