General presentation
Download the booklet.
- Course objectives
The Master 203 is designed to train specialists in financial markets who put their skills to work for banks and investment firms, asset management firms, consultancies, insurance companies or major firms.
It trains students in all professions linked to investments on financial instruments markets and financing based on market techniques. It is designed to provide students with in-depth knowledge that is theoretical, quantitative and operational, for all products traded on these markets. The heart of the programme focuses on valuation and negotiation techniques, as well as investment strategies, arbitrage, hedging and risk management. Courses cover all products: shares, interest rate instruments, raw materials...with a special focus on derivatives markets.
- Targeted jobs
Front office
Trading, sales and structuring of financial instruments
Middle office and front office support services
Quantitative finance, pricing of financial assets and derivatives, development of financial business software, risk management, financial modelling for algorithmic trading
Financing
Origination, syndication, IPOs, structured finance, trade finance
Financial intermediation
Brokerage, sell-side financial analysis
Asset management
Investment fund management, alternative management (arbitrage funds, raw materials investments, investments in unquoted shares), technical analysis, buy-side financial analysis
Insurance
Risk analysis and management, asset management
Consulting
Consulting in risk management, consulting for corporate and investment banks, development of information systems
- Organisation of studies
Students admitted after a French licence, a Bachelor's degree, an engineering school, a business school, or a Master 1 completed in another university than Paris-Dauphine take the 2-year programme organised in 3 semesters of courses and 1 semester dedicated to the Master thesis and an internship. Professional integration can occur after completion of the 3rd semester.
Students admitted after completing the Finance major of the M1 in Management of Paris-Dauphine or after completing the MMD major of the MIDO Master 1 of Paris-Dauphine take the 1-year programme organised in 2 semesters of courses. Professional integration can occur in May.
Graduates from a French Grande Ecole may be given access to the 1-year programme. This authorisation is granted by the Master's director during the admission process according to the student's profile.
General organisation of studies
Curriculum of the 2-year course (3 class semesters + 1 internship + 1 master thesis)
Curriculum of the 1-year course (2 class semesters + 1 internship)
- Tuition fees
Students whose parents' fiscal residence is located outside France pay a flat tuition fee per year of €3,000.
Download the details about the tuition fees.