• Toulouse
  • English
  • 12 months
  • Full Time
  • September 2023

This MSc prepares you to be successful for an international career in finance, –with a focus on investment management, analytical functions and research– and to study for the three CFA exams, as part of the curriculum.

Our program is designed to allow you to work either in the asset management industry or in an investment bank (M&A, ECM or DCM), a Private Equity fund or a Corporate Finance advisory boutique.

Strengths
Program
Head of Program
Admission
Career
Fees

This program provides a theoretical foundation for a broad range of jobs: both in corporate (financial analysis, equities, corporate finance functions) and markets (quantitative skills, financial instruments, portfolios), while helping to maintain high ethical standards.
This MSc will equip you with the technical and transferable skills to be successful anywhere in the investment and financial industry, or in a corporate strategic function of a large company (finance, strategy); while helping you to prepare for the Chartered Financial Analyst (CFA) exams, as part of the curriculum.
This program will provide you an intellectual challenge, an opportunity to advance your skills in modelling, analyzing and thinking strategically.

The CFA® charter* is one of the highest distinctions you can earn in the finance profession. Success in the CFA program demonstrates a good command of generic financial concepts, good analytical skills, an ability to work hard and a sensitivity to business ethics; as a result, it is highly regarded by finance recruiters. It also serves as a differentiator in a finance recruitment processes (e.g. a level 1 candidacy is often required to apply to top jobs in I-banks and investment management firms).

*Track MSc Equity Research and Invesment Management only

Calendar

Program Design

Total number of hours: 420h

This program consists of five learning experiences rigorously designed to develop your managerial and operational skills in your field of professional expertise.

Throughout the program, practical team simulation projects and case studies will help you develop the hard and soft skills necessary to work in Finance (coping with high-pressure environment, finding/analyzing/interpreting information rapidly and efficiently, structuring your work and focusing on end-products, collecting and analyzing complex data rapidly and efficiently) by apprenticeship and not only through a text book.

This MSc contains 9 teaching units and is consists of two separate ‘tracks’:
(1) Equity Research and Invesment Management (preparation for the CFA exam)
(2) Corporate Finance and Advisory

Professional expertise

9 Course units:

1. Financial and credit analysis
Objective: Learn how to analyze financial statements to understand sources of performance and risk.

2. Capital markets and financial instruments
Objective: Understand (1) how capital markets work and (2) fixed income and derivative securities.

3. Corporate Finance
Objective: Learn what theoretically impacts the value a firm and how to value a company.

4. Financing
Objective: Understand the practical challenges and opportunities of the main financial decisions.
4.1. Equity Research and Investment Management track
4.2. Corporate Finance and Advisory track

5. Corporate Finance applications
Objective: Apply corporate finance tools to M&A transactions and Private Equity investments.

EQUITY RESEARCH AND INVESTMENT MANAGEMENT TRACK

6.1. CFA Topics: Equity investments and Behavioral Finance
Objective: Show how investment strategies are implemented and the effect of psychological factors on these strategies.

7.1. CFA Topics: Portfolio Management and Alternative investments
Objective: Understand (1) portfolio management techniques and their application in real life, (2) the use of alternative
assets classes in portfolio management and (3) quantitative techniques for investment management.

CORPORATE FINANCE AND ADVISORY TRACK

6.2. Advanced Corporate Finance Topics (part 1)
Objective: Show how investment strategies are implemented and the link between financing and corporate finance
applications.

7.2. Advanced Corporate Finance Topics (part 2)
Objective: Understand practical considerations during M&A transactions.

8. Research methods
Objective: Provide tools, examples, and guidance for students to produce research in their academic and professional activities.

9. Supplementary courses for the CFA program (Equity Research and Investment Management Track only)

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.

Career agility
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 or job.
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.

Consulting Mission

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.

Master Thesis

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

Internship

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.

Sylvain BOURJADE, PhD
Professor of Finance
Department: Economics and Finance

Régis HUC, MBA, CFA Professor of Corporate Finance, TBS Education

Régis HUC, MBA, CFA
Professor of Corporate Finance

Academic requirements:

  • 4-year Bachelor Degree (240 ECTS) or equivalent
  • CFA Charterholder (for CFA charterholders, the Ethics and Economics for CFA is waived).
  • Foundations of Finance course; PSM Finance

Language level:

  • 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 DELF B2 OR equivalent

MSC Deadline to apply: July 30th

This Master of Science prepares you for the following job categories:

  • Equity Research Analyst
  • Financial Analyst
  • Asset Manager
  • Credit and Fixed Income Analyst
  • Stuctured or Project Finance
  • Governance and SRI Analyst
  • Private Banker
  • Asset Manager
  • Risk Manager
  • Currency Risk Analyst,
  • DCM Origination
  • Equity or Debt Markets
  • Investment Banker
  • Merger and Acquisition Analyst
  • Private Equity/LBO Analyst
  • Transaction Services
  • Financial Auditor
  • Treasurer
  • Cash Manager
  • Consultant in Finance/Strategy

Fees:
Track MSc Equity Research and Invesment Management: 19 500 €
Track Corporate Finance and Advisory: 18 000 €

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 49,000 alumni.

Funding:

  • 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

To assist our students financially, we offer the following scholarships and discounts for our Master of Science programs. 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 apply and pay before December 31st. Please note that this is the only discount which may be cumulated with others.

Sibling Discount

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.

Diversity Discount

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.

Couples Discount

If you’re married/have a child together and both apply for a TBS program for the same year, you will receive a 20% discount on the tuition fees of one of the programs.

External Scholarships

A number of French associations also award scholarships to international students studying in France:

Eiffel Scholarship 

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 25 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.


TBS Finance MSc in light of the Inspiring Guest program