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Official title: Master in Quantitative Finance and Risk Management

CY Tech (ex EISTI)

Training duration

2 years

Average academic cost found without insurance

14 000€

Accréditation:

Accreditation Provider: DGESIP

Prerequisite of the training

Bachelor (or equivalent)

Formation type

  • Initial education

Domains

  • Finance, Mathematics (Applied), Computing, Simulation

M1 section is taught by

  • EISTI

M2 section is taught by

  • EISTI

Training description

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
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

Master in Quantitative Finance and Risk Management

Language level prerequisites

The minimum language level required, namely : B1 in English will be verified no later than end of April, 2022 (to be confirmed in your academic offer)

Course language

Only English

Language requirement to graduate

English B2

M1 Part

Location

EISTI
avenue du Parc 95000 CERGY

Average academic cost found without insurance

7000€

Core

Credits Hours Language
Measure and Integration 2.00 20.00 English
Functional Analysis 3.00 30.00 English
Stochastic Processes-Discrete/Continuous Time 5.50 55.00 English
Optimization 2.50 25.00 English
Jump Processes and Application 3.00 30.00 English
PDE 3.00 30.00 English
Monte Carlo Simulations 3.00 30.00 English
Finite Difference Computation 2.50 25.00 English
Calibration of Financial Models 2.00 20.00 English
Interdisciplinary Project 5.00 50.00 English
Risk Management in a mono-period Financial Market, Derivatives 4.00 40.00 English
Contingent Claim Valuation 3.00 30.00 English
Portfolio Management and Financial Risks 3.00 30.00 English
Mathematics Applied to Insurance 3.00 30.00 English
French as a Foreign Language/Cultural openness 4.50 45.00 French
Bloomberg Trading 3.00 30.00 English
Introduction to Quantitative Finance 3.00 25.00 English
VBA programming 2.00 20.00 English
C++ and Object Oriented Design 3.00 30.00 English

M2 Part

Location

EISTI
avenue du Parc 95000 CERGY

Average academic cost found without insurance

7000€

Core

Credits Hours Language
Mathematical Tools in Finance 5.00 50.00 English
Mathematical Statistics 2.00 20.00 English
Advanced Numerical Methods for PDE in Finance 3.00 30.00 English
Simulations 2.50 25.00 English
Calibration 3.00 30.00 English
Theory of Contingent Claims 4.00 45.00 English
Interest Rate, Exchange and Inflation Markets 3.00 30.00 English
Portfolio Management 2.50 25.00 English
Imperfect Markets 1.50 20.00 English
Dynamic Hedging and Risk Measures 1.50 20.00 English
Business Evaluation 3.00 35.00 English
Jump Processes in Finance and Simulation 3.00 30.00 English
Practical Portfolio Management and Contingent Claim 1.50 20.00 English
Practical Portfolio Management in Fixed Income 1.50 20.00 English
French as a Foreign Language/Cultural openness 3.00 42.00 French
Final Project 10.00 150.00 English

Core

Credits Hours Language
Business Internship (from mid-April) of 22 weeks 10.00 700.00 French