English

Master i EISTI Finance, Mathematics (Applied), Computing, Simulation


Official Title
Master en Finance Quantitative et Gestion du Risque

Institute website
http://www.eisti.fr/
Program

Prerequisite of the training
Bachelor (minimum)

Formation type
Initial education

Course language
M1 M2
English English

The M1 section is taught by
The institute : EISTI

The M2 section is taught by
The institute : EISTI

Domains
Finance, Mathematics (Applied), Computing, Simulation
Section M1

Location
EISTI
avenue du Parc 95000 CERGY

Average academic cost found without insurance of M1
7000 euros

Description M1
This Master’s degree offers a 3-skilled approach, in Computer Science, Mathematics and Finance and covers the whole chain of quantitative finance, from theoretical aspects to the application in a professional setting. The chain can be described as follows:
- Description of the market and financial products
- Mathematical models of finance
- Mathematical models of risk
- Numerical resolution: computer-aided simulation
- Calibration and asset evaluation
M1 focuses on acquisition and development of tools in Quantitative Finance and Risk Management
Students who hold a Bachelor degree in applied mathematics, quantitative finance or a related discipline with a grade ≥ 3, can be exempted of M1 and can enter directly in M2

Scholarships M1
none


Period 1
September - June Language Hours* Credits*
or
Core
Measure and Integration en 20.00 2.00

Functional Analysis en 30.00 3.00

Stochastic Processes-Discrete/Continuous Time en 55.00 5.50

Optimization en 25.00 2.50

Jump Processes and Application en 30.00 3.00

PDE en 30.00 3.00

Monte Carlo Simulations en 30.00 3.00

Finite Difference Computation en 25.00 2.50

Calibration of Financial Models en 20.00 2.00

Interdisciplinary Project en 50.00 5.00

Risk Management in a mono-period Financial Market, Derivatives en 40.00 4.00

Contingent Claim Valuation en 30.00 3.00

Portfolio Management and Financial Risks en 30.00 3.00

Mathematics Applied to Insurance en 30.00 3.00

French as a Foreign Language/Cultural openness fr 45.00 4.50

Bloomberg Trading en 30.00 3.00

Introduction to Quantitative Finance en 25.00 3.00

VBA programming en 20.00 2.00

C++ and Object Oriented Design en 30.00 3.00

Note: a part of (or all) the M1-Period 1 will be replaced by a "n+i" special package designed for foreign student.
See the Methodology Integration Package (PIM) for more informations.

* The number of course hours may be subjected to slight variations.
* More informations about ECTS credits.
Section M2

Location
EISTI
avenue du Parc 95000 CERGY

Average academic cost found without insurance of M2
7000 euros

Description M2
This Master’s degree offers a 3-skilled approach, in Computer Science, Mathematics and Finance and covers the whole chain of quantitative finance, from theoretical aspects to the application in a professional setting. The chain can be described as follows:
- Description of the market and financial products
- Mathematical models of finance
- Mathematical models of risk
- Numerical resolution: computer-aided simulation
- Calibration and asset evaluation
M2 focuses on proficiency courses in Quantitative Finance and Risk Management

Scholarships M2
none


Period 1
September - April Language Hours* Credits*
or
Core
Mathematical Tools in Finance en 50.00 5.00

Mathematical Statistics en 20.00 2.00

Advanced Numerical Methods for PDE in Finance en 30.00 3.00

Simulations en 25.00 2.50

Calibration en 30.00 3.00

Theory of Contingent Claims en 45.00 4.00

Interest Rate, Exchange and Inflation Markets en 30.00 3.00

Portfolio Management en 25.00 2.50

Imperfect Markets en 20.00 1.50

Dynamic Hedging and Risk Measures en 20.00 1.50

Business Evaluation en 35.00 3.00

Jump Processes in Finance and Simulation en 30.00 3.00

Practical Portfolio Management and Contingent Claim en 20.00 1.50

Practical Portfolio Management in Fixed Income en 20.00 1.50

French as a Foreign Language/Cultural openness fr 42.00 3.00

Final Project en 150.00 10.00

Period 2
April - September Language Hours* Credits*
or
Core
Business Internship (from mid-April) of 22 weeks fr 700.00 10.00


* The number of course hours may be subjected to slight variations.
* More informations about ECTS credits.