MSc Equity Research and Investment Management
This MSc is affiliated to the CFA Institute and prepares you for the three CFA exams, as part of the curriculum.
The CFA® charter is one of the highest distinctions you can earn in the Finance profession, and it is highly regarded by Finance recruiters. This program prepares you to be successful in a career in Finance, with a focus on Investment Management, analytical jobs and Equity Research.
A CFA charter is a strong asset to be recruited in the Finance industry: it shows a good command of generic financial concepts, an ability to work hard and differentiate from other candidates. A level 1 candidacy is often required to apply to top jobs in I-banks and Investment Management (IM) firms.
This MSc provides a theoretical foundation for a broad range of jobs: both in corporate (financial analysis, equities) and markets (quantitative skills, financial instruments, portfolios), while helping to maintain high ethical standards.
The IM industry offers many employment opportunities: new regulation forced the separation of investment and research functions — creating a need for additional analysts — while the need for investment managers increases with an aging population.
Total number of hours: 496h
This program consists of five learning experiences rigorously designed to develop your managerial and operational skills in your field of professional expertise.
9 Course units:
1. Financial analysis
Objective: Learn how to analyze financial statements to understand sources of performance and risk.
2. Capital markets and Fixed income investments
Objective: Understand (1) how capital markets work and (2) how to evaluate fixed income securities and portfolios of fixed income securities.
3. Derivatives and Risk management
Objective: Learn (1) how to value Derivative securities and (2) how to implement Risk Management initiatives, including by using derivatives or FX instruments.
4. Portfolio management
Objective: Show (1) how to allocate assets in a portfolio, (2) discuss advanced portfolio management concepts and (3) discuss the benefits of Alternative assets in an investment portfolio.
5. Investment strategies
Objective: Discuss (1) how investments in Equities fit in the context of a broader portfolio, (2) how investment ideas are generated by Buy Side analyst and Hedge Fund managers and (3) the use of behavioural finance in selecting Equity investments.
6. Corporate Finance
Objective: Discuss key topics in Corporate Finance and provide the foundation to perform Equity valuation.
7. Corporate Finance applications
Objective: Provide the theoretical background for corporate finance applications: M&A, restructuring and Private Equity investments.
8. Research Methods
Objective: Provide tools, examples, and guidance for students to produce research in their academic and professional activities.
9. Ethics and Economics for CFA®
Objective: Understand the economic and professional environment for the Investment Management industry; prepare the Economics and Ethics section from the CFA exam.
The curriculum is based on the Candidate Body of Knowledge (CBOK) from the CFA Program.
Soft Skills Certificate
Certificate designed by 26 professors & leadership and management professionals in collaboration with TBS Career Starter.
“Soft Skills” are intrapersonal and interpersonal skills that create the conditions for a successful and sustainable team and allow to effectively manage your career.
2 Courses units:
Management and leadership skills
Objective: Acquire nine key competencies to lead teams and manage your professional career.
Objective: Reveal your talent and make evolutionary choices in accordance with your deep aspirations.
The Career Starter is a support center that helps students define and
develop their career project. Through several lectures, workshops,
individual tests and coaching sessions, a specialist will support each
student from their first questions to looking for the right internship
Coaching: we support you in your reflection on your skills, strengths and areas for improvement. Through personality tests and individual coaching, we link this self-knowledge to your ambitions and career choices.
Personal Branding: you will participate in workshops to build your CV and e-portfolio to best highlight your experiences and skills for your future employers.
A unique exercise that is a major asset in your program!
For the account of prestigious TBS partner companies, students, coached by the professors, carry out a strategic diagnosis aiming to analyze its competitive position, then propose strategic and operational recommendations to meet its challenges.
Examples of partner companies
Aerospace Valley, AIRBUS, Cap Gemini, Comtesse du Barry, Continental Automotive, EY, Hilti, Mars Petfoods, Motorola, Thalès, Rockwell & Collins.
Objective: Increase your brain agility to anticipate and solve complex business issues in your field of expertise.
Each student in this MSc program is required to write a dissertation which addresses a current issue in management from an academic or professional perspective in his field of expertise.
The student thus contributes to the study, analysis, formalization and abstraction of the identified problem.
In-company Work experience
Students may carry out an internship in the company of their choice for a period of 3 to 6 months. This internship is not mandatory for the validation of the diploma but allows students to obtain 10 additional ECTS credits.
Régis HUC, MBA, CFA
Professor of Corporate Finance
- Direct access to MSc:
- 4-year Bachelor Degree (240 ECTS) or equivalent.
- CFA Charterholder (for CFA charterholders, the Ethics and Economics for CFA is waived).
- For programs taught in English: English mother tongue OR TOEFL IBT 80 / IELTS 6.5 / TOEIC 800 / CAMBRIDGE B2 / FCE / CAT 165
- For programs taught in French: French mother tongue OR B2 OR equivalent
MSC Deadline to apply: July 30th
This Master of Science prepares you for the following job categories:
- Equity Research Analyst (Buy Side or Sell Side)
- Portfolio manager
- Various roles in Asset Management and Pension Fund Managers
- Risk Manager
- Research Analyst
- Relationship Manager
- Credit Analyst
- Business Analyst
- Investment Banking Analyst (M&A, ECM)
- Private Equity analyst
- Hedge fund analyst
Fees : 18 500 €.
The cost of this training includes:
- All academic fees, including business visits.
- Access to our virtual campus and all online educational resources.
- Access to career starter services (CV workshop, business forum, etc.)
- Access to the network of 46,000 alumni.
- SCHOLARSHIP: TBS is entitled to receive higher education scholarship students: mobility grants, state scholarships, merit scholarships (Eiffel, Marie Curie), TBS Foundation scholarships. (contact the school)
- PERSONALIZED SCHEDULE: TBS welcomes students who wish to discuss their personal situation. TBS grants payment schedules from 1 to 6 instalments, or by monthly instalments during the course.
- STUDENT JOBS: our student associations offer paid assignments on behalf of companies or individuals throughout the year.
Discounts and Scholarships
Discounts and scholarships
To assist our students financially, we offer the following scholarships and discounts for the TBS Master in Management. Please bear in mind that discounts and offers of financial support are exclusive and cannot be combined together.
Early Bird Discount
You can get a 10% discount on your tuition fees if you enroll before December 31st. Please note that this is the only discount which may be cumulated with others.
If you have a brother or sister who is currently enrolled in a TBS program, you will receive a 15% discount on your tuition fees.
You can get this 10% discount based on your grades and overall profile.
Partner University Discount
Students from TBS partner universities and/or students having spent one semester at a TBS campus as part of an exchange program receive a 10% discount on their tuition fee.
A number of French associations also award scholarships to international students studying in France:
The Eiffel Excellence Scholarship Program is managed by the French Ministry of Europe and Foreign Affairs to enable French higher education establishments to attract top foreign students to enroll in French Master’s and PhD courses.
The application process for the Eiffel scholarship is extremely selective. Candidate students must be non-French and be less than 30 years old while they must prove excellent academic results. This scholarship can award up to €1,000 per month to successful candidates.
Campus France Scholarship Information
International students wishing to study in France can also apply for a choice of national scholarships. For more information contact Campus France.
CROUS Student Organisation You may also explore the CROUS website for other scholarship opportunities.
CFA® is a registered trademark owned by CFA Institute. The CFA Institute is the administrator of the CFA Program, the grantor of the CFA designation.
TBS Finance MSc in light of the Inspiring Guest program
Healthcare devices Hackathon
European Higher Education Fair 2021 (EHEF 2021) (Japan)
From 29.10.21 to 30.10.21
Meet us at European Higher Education Fair 2021 in Japan
Best Of France – Education Event (Canada)
From 05.10.21 to 06.10.21
Meet us at Best Of France Education Event (Canada)
2021 EEFT European Study Talk (Taïwan)
Meet us at EEFT European Study Talk (Taïwan)
Back to school 2021
Looking for the start dates of your program at TBS? Here you'll find all the information you need
TBS International Business Programs in MOCI TOP 10
From 08.07.21 to 08.07.21
French international business magazine Le Moniteur du Commerce International (MOCI) puts the spotlight on some of TBS's most popular international business programs in their 2021 guide.
Why companies need experts more than ever
Today’s economic context pushes companies to explore new strategies to keep their business moving forward. Now’s the time to step out of your comfort zone and become an expert to stand out on tomorrow’s job market and make an impact on the future.
From 25.03.21 to 26.03.21
The Challenge is on! From 25 to 26 March, 2021, students of the MSc Big Data, Marketing & Management face their fellow students of the MSc Artificial Intelligence & Business Analytics for the 3rd edition of the TBS Datathon. They will develop, in record time, a predictive algorithm for online advertising for our partner, Criteo.
Crisis? What Crisis?
Join us for an Industry Expert Webinar focusing on the Finance Industry on Monday, February 08, 2021, from 2pm to 4pm CET. This webinar takes a hindsight perspective and addresses events following COVID-19: are they truly unprecedented or just another crisis as usual? Hold on tight, it's time to take a ride on the rollercoaster of financial markets!
Smart Tracker Hackathon
From 01.02.21 to 05.02.21
The 2021 TBS Hackathon is all about airport safety and efficiency! From February 1st to 5th, 2021, 89 TBS students will create 3 applications from scratch to help increase airport safety and efficiency for vehicles, staff, luggage and aircraft.
Smart Cities in Times of Pandemics
Amateurs of artificial intelligence, blockchain and big data across the world, this is your event! Discover how new technologies are used to make our cities and the world a better place and meet the world's leading experts in smart cities and artificial intelligence. Discover how exciting the future can be. Don't miss out!
Become a high-flyer in the aerospace industry
The aerospace industry remains a dynamic and promising industry for today’s graduates – particularly for those with the management expertise and specialized business knowledge to work across the industry’s value chain and come up with new solutions. TBS offers programs to help.
TBS Workshop Voted Best Session at AOM Teaching and Learning Conference
At the annual meeting of the Academy of Management in Vancouver, TBS won the vote for Best Teaching and Learning Conference with a workshop on humor in management education.
TBS Winter Courses
Earn extra ECTS this winter with our Online Winter Courses to sharpen your skills in Big Data, Digital Marketing, Entrepreneurship & Innovation, Strategic Management, Finance and much more!
See all the news